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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China's leaders to set growth goals as economic woes mount
China is set to unveil some of its lowest growth targets in decades when top Communist Party officials begin an annual meeting Tuesday, as the world's second largest economy faces dire headwinds. But 12 months on and all focus will be on the dire state of China's economy, which last year posted some of its lowest growth in decades.
Germany braces for fresh rail, air travel strikes
Germany braced for more travel misery after unions on Monday called for renewed walkouts at Lufthansa and rail operator Deutsche Bahn, amid escalating rows over inflation-busting pay rises. The GDL train drivers union added to the tensions on Monday by announcing a strike wave after negotiations with Deutsche Bahn over higher pay and a shorter work week broke down.
JetBlue, Spirit Airlines cancel merger after blocked by US court
JetBlue and Spirit Airlines formally pulled the plug Monday on their merger, about six weeks after a federal judge ruled it violated US antitrust law. "We will continue to vigorously enforce the nation’s antitrust laws," he added.
Ghanaian finance ministry warns against fallout from anti-LGBTQ law
Ghana's finance ministry has advised President Nana Akufo-Addo against endorsing a highly contested anti-LGBTQ bill, warning that it could end up with the financially-strapped country losing billions of dollars in World Bank funds. "In total, Ghana is likely to lose US$3.8bn in World Bank financing over the next five to six years.
Tokyo stock market hits high; oil prices dip
Japan's benchmark Nikkei 225 stocks index closed above 40,000 points for the first time Monday, while oil prices dipped after major crude producers agreed to cut output for a while longer, as expected. The extension to mid-2024 is part of an agreement among oil producers to boost prices following economic uncertainty.
UK awaits voter-friendly budget before election
Britain's Conservative government unveils a pre-election budget Wednesday that could feature voter-friendly measures as Prime Minister Rishi Sunak's party badly trails main opposition Labour in polls. Finance minister Jeremy Hunt, who unveils his budget before parliament, dampened hopes of major tax cuts in comments at the weekend.
ECB to hold rates again, awaiting clearer signs on inflation
The European Central Bank is expected to freeze interest rates again this week, with officials wary of starting to cut before they see more evidence that recent falls in inflation will be sustained.
Singapore says Taylor Swift gig grant not as high as speculated
Singapore said Monday its grant to Taylor Swift for her concerts in the city was nowhere near as high as speculated, following media reports that the superstar was offered millions of dollars per gig.
China's economy of 'great concern' as annual political meeting to kick off
China's annual political conclave kicks off in Beijing on Monday, with officials saying the flagging economy and youth unemployment are of "great concern" as they lay out plans for the coming year.
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