Scarborough, a once quiet conservation village in the Western Cape, has become a talking point online as foreign investors are apparently taking advantage.
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Fly larvae: Costa Rica's sustainable protein for animal feed
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The economy, stupid? UK PM Sunak's 'only' chance of re-election
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Yen sinks to 34-year low past 160 per dollar
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Economy relies on ANC presidential election outcomes, Ramaphosa needs to stay in power for the Rand's sake
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Designer Matthew Williams leaves Givenchy
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Niger isolated and suspicious despite end of sanctions
It's been two weeks since the lifting of tough sanctions on military-ruled Niger, but the pace of economic recovery is slow and the generals have shown no inclination to re-open the border with Benin and seek a diplomatic settlement with neighbouring nations. Economic pragmatism, however, suggests that borders should soon be opened.
Spain's Mango clothing chain ramps up global expansion
Spanish fashion retailer Mango, founded 40 years ago in Barcelona, is ramping its global expansion despite economic uncertainties that have shaken some other global mass-market apparel giants.
Lufthansa doubles profit in 2023, but strikes cast shadow
German airline giant Lufthansa more than doubled its profits in 2023, extending a rebound from the coronavirus pandemic even as it faces fresh risks from a wave of industrial action. Like other airline groups, Lufthansa was hit hard when the coronavirus shut down global air travel and it had to be bailed out by the German government in 2020.
Lufthansa doubles profit in 2023 as demand booms
German airline giant Lufthansa said Thursday it had doubled profits in 2023 on booming demand, as the aviation sector extends a rebound from the coronavirus pandemic. Like other airline groups, Lufthansa was hit hard when the coronavirus shut down global air travel and it had to be bailed out by the German government in 2020.
China trade surges in first two months of 2024
China's exports sharply accelerated in the first two months of 2024, official figures showed Thursday, providing policymakers a bright spot as they battle to revive the world's second-largest economy. Exports have been increasing since November, after six straight months of contraction.
Protectionism, taxes, fuel: The high cost of air travel in Africa
Travelling 1,000 kilometres (620 miles) by air between two capitals on the same continent does not seem like a challenge. For now, "regional travel across the continent is very challenging and makes business hard", said construction consultant Munga.
Asian markets swing ahead of key US jobs data
Equities fluctuated in Asian trade Thursday as investors try to assess the Federal Reserve's plans for interest rates after boss Jerome Powell indicated they would start to come down this year. Traders are also keeping an eye on a policy meeting of the European Central Bank later Thursday, which is not expected to see any movement but investors are hoping for some guidance.
Despite oil riches, Libyans hit by plummeting purchasing power
Libya may sit on Africa's biggest oil reserves, but many families are struggling with rapidly rising consumer prices as the festive Muslim holy month of Ramadan nears. Economic analyst Abubakr al-Tur said "Libya is experiencing a critical situation with rising prices and a currency devaluation".
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