The famous V&A Waterfront generated over R11 billion in 2025, averaging more than R30 million daily while supporting thousands of jobs in Cape Town.
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United States economist Jeffrey Sachs slams US government: "They don't know anything"
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EU seeks to take on China, US to reverse economic decline
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Milei's Argentina dollarization plan has Latin American precursors
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Thailand orders close watch on cheap 'elephant pant' imports
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Big trade deals likely elusive at WTO meet in Abu Dhabi
Economy Latest News
Most Asian markets fall after strong US data, eyes on inflation
Asian markets mostly fell Monday after a forecast-busting jobs report dampened US interest rate cut hopes, with attention now turning to the release of key inflation data this week. Bitcoin fell slightly, having hit a fresh record high above $70,000 for the first time on Friday as demand picks up and traders grow optimistic about the prospect of interest rates coming down this year.
Activists protest Tesla plant expansion in Germany
Several hundred people demonstrated Sunday against plans by Tesla to expand its electric car factory near Berlin, citing environmental concerns. A smaller counter-protest was held Sunday in support of the Tesla factory, with participants citing economic benefits for the region.
In climate push, German chemical maker swaps oil for sugar
At one of Europe's largest chemical complexes, German group Covestro is trialling the manufacture of a key product using sugar as a base material instead of oil, as the industry seeks to reduce its carbon footprint. Aniline is used as the base ingredient for chemical MDI, which is an essential material in manufacturing foams.
False GPS signal surge makes life hard for pilots
False GPS signals that deceive on-board plane systems and complicate the work of airline pilots are surging near conflict zones, industry employees and officials told AFP. A ground collision alert sounds in the cockpit, for instance, even though the plane is flying at high altitude -- a phenomenon affecting several regions and apparently of military origin.
US embrace of remote working empties offices, weighs on banks
The popularity of remote work in the United States has emptied office buildings, a cause for worry as their value falls and owners risk losses on property loans -- in turn putting pressure on smaller banks. With empty buildings in cities of all sizes, retailers servicing employees who used to work there are also under pressure, Powell added.
Dinar ban sparks cash crunch for Kosovo Serbs
Serb communities in parts of Kosovo are struggling to get their hands on dinars, jeopardising the salaries, pensions and social security payments that thousands there get from Belgrade. The move sparked anger in Belgrade, which does not recognise Kosovo's independence and continues to finance a parallel health, education and social security system for Serbs there.
China consumer prices rise in February for first time in six months
Chinese consumer prices rose in February for the first time since August, data showed Saturday, bucking a months-long stretch of deflation that compounded the country's myriad economic woes.
US FDA approves Wegovy to cut risk of heart problems
The US Food and Drug Administration has given the green light for a popular anti-obesity drug to be used to prevent serious heart conditions for the first time, in a move likely to expand insurance coverage. The recent surge in popularity of anti-obesity drugs including Wegovy and Ozempic, which mimic a gut hormone to suppress appetite, has padded the profits of the companies that make them.
Expert says 'no immediate danger' from sunken ship off Yemen
The sinking of a bulk carrier carrying thousands of tonnes of fertiliser off Yemen after a Huthi missile attack poses "no immediate danger", an expert said Friday. The main concern is the fate of the thousands of tonnes of fertiliser, Logette said.
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