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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South African unemployment rate for women continues to rise as South Africans face hopelessness
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Mideast-related oil price spike threatens 'relatively good' economic outlook: IMF chief economist
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US hiring slows more than expected in sign of cooler market
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Fly larvae: Costa Rica's sustainable protein for animal feed
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Progress in US inflation fight 'has likely resumed': Fed official
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Brazil urges G20 ensure 'super-rich pay fair share' of taxes
Brazil's finance minister called Thursday for an international plan to ensure the world's super-rich pay their taxes, urging G20 nations to adopt a shared stance on preventing billionaire tax-dodging by July.
US Fed's favored inflation gauge falls, but price pressures remain
The US central bank's favored measure of inflation edged lower on an annual basis in January, government data showed Thursday, but a metric stripping out volatile food and energy prices jumped month-over-month. The closely watched "core inflation" measure, which strips out volatile food and energy costs, also eased, rising by 2.8 percent on an annual basis.
Italy says it wants Chinese carmakers but only under conditions
Italy will closely study any investments by Chinese carmakers, a minister said Thursday, after another minister said Wednesday the country was in talks with three Chinese manufacturers. Minister of Economic Development Adolfo Urso said Wednesday he was in talks with three Chinese automobile groups, without naming them.
EU lawmakers back transparency rules for Airbnb-style rentals
The European Parliament approved new data-sharing rules Thursday that clamp down on illegal short-term rentals to protect the residents of European cities -- many of whom face shortages of affordable housing.
British Airways owner IAG, Air France-KLM post bumper profits
Europe's aviation industry extended a bounceback from the Covid pandemic on Thursday, as British Airways owner IAG and Franco-Dutch rival Air France-KLM posted bumper 2023 profits.
WTO ministers struggle to forge fish, farm, digital deals
World trade ministers were locked in disagreement on fisheries subsidies, agriculture and digital customs duties as a major WTO conference entered its last scheduled day on Thursday. They include fisheries subsidies, agriculture and a moratorium on customs duties for digital transactions.
WTO talks enter final day with no clear sign of progress
The World Trade Organization's 13th ministerial conference (MC13) in Abu Dhabi entered its last scheduled day on Thursday, with major issues still stuck in the weeds. As of Thursday morning, there were no major signs of a breakthrough, with a formal closing session initially scheduled for 8:00 pm (1600 GMT) pushed to midnight (2000 GMT).
Liverpool announce £9 mn loss for 2022/23 season
Liverpool made a pre-tax loss of £9 million ($11.4 million) last season as increased commercial income failed to offset a drop in media and matchday revenues, the club's latest accounts revealed on Thursday.
European consumers challenge Meta paid service as privacy 'smokescreen'
Consumer groups from eight EU countries lodged complaints on Thursday against Meta, accusing the US company of illegally processing user data and using its "pay or consent" system as a "smokescreen" for privacy breaches.
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