
Scarborough, a once quiet conservation village in the Western Cape, has become a talking point online as foreign investors are apparently taking advantage.
Scarborough, a once quiet conservation village in the Western Cape, has become a talking point online as foreign investors are apparently taking advantage.
US aeronautics giant Boeing, facing increased scrutiny after a series of safety incidents and manufacturing issues, is directing employees to take "immediate actions" to improve operations, according to a message the company sent to its workforce Tuesday.
British Prime Minister Rishi Sunak's government pledged Tuesday to build new gas-fired power stations to boost energy security, drawing criticism over his climate policies before this year's general election.
EU countries need to step up preparedness for global warming after 2023 burned its way into history books as the hottest year on record, European Commission officials said Tuesday. "Europe is the fastest warming continent since the 1980s -- the warming here was about twice the global rate," commission vice president Maros Sefcovic said.
Consumer inflation posted a surprise acceleration in February, US government data showed Tuesday, a development that could give policymakers pause as they mull the right time to start interest rate cuts. Analysts expect the Federal Reserve to focus on underlying inflation when deciding the best time to start reducing rates.
Germany on Tuesday launched what it called "an innovative" multi-billion-euro subsidy scheme aimed at turbocharging investments that will make industrial production in Europe's top economy more climate friendly.
Turkey, Iran and Morocco are vying for a greater economic and military role in Africa's Sahel after former colonial ruler France's forced withdrawal from the volatile region. France was forced to withdraw troops from Mali in 2022 and from Niger and Burkina last year after coups saw relations nosedive and ushered in growing Russian military involvement.
Lego cemented its position as the world's biggest toymaker last year despite logging its first decline in net profit since 2017 and slumping sales in China, company results showed Tuesday. A small dark cloud was a decline in sales in China.
Britain's innovative Airlander 10 airship could soon take to the skies to offer leisure passengers panoramic views and far less pollution than traditional aircraft, according to its manufacturer. The tech hub also features a life-size model of the future airship that allows visitors to step on board and view its "luxury" configuration including a bar, passenger cabins and an observation lounge.
With suit-clad employees sipping coffees, Skyeton's offices in Ukraine's Kyiv region look like a typical tech start-up. Would-be employees have to pass a background check, with Ukraine's arms industry a prime target for Russian espionage and sabotage.
Economy
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