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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SA reacts as SARB governor Lesetja Kganyago cuts repo rate by 25 basis point to 10.5 percent
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London mayor urges closer UK ties with EU
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Temporary channels being created to aid Baltimore bridge response
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Dollar weakens further as rate cut bets build, but equities mixed
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Illegal mining, smuggling threaten Ghana's cocoa industry
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US dollar dominance not under threat, despite risks: Fed official
The status of the US dollar as the world's reserve currency is likely to continue, despite threats posed by China's rise and the growth of cryptocurrencies, a US Federal Reserve official said Thursday. "I do not expect to see the US dollar lose its status as the world's reserve currency anytime soon, nor even see a significant decline in its primacy in trade and finance," he added. da/des
Private spaceship bound for the Moon, in test for US industry
A private US spaceship was bound for the Moon on Thursday, where it will attempt to land near the south pole and carry out experiments that pave the way for the return of American astronauts later this decade.
US retail sales slump more than expected in January
Retail sales in the United States fell more than analysts anticipated last month, bogged down by weak auto sales and lower gas prices, government data showed Thursday. Excluding the auto sector, retail sales fell 0.6 percent in January from December -- a development analysts attribute to higher rates on loans and the unwinding of pent up demand after supply chain problems were resolved.
Tractors gather in central Madrid in farmers' protest
Spanish farmers kept up their protests over the sector's troubles on Thursday, with tractors parked outside of the agriculture ministry in central Madrid before a meeting with Agriculture Minister Luis Planas.
IEA warns on plummeting oil stocks
The International Energy Agency warned Thursday of plummeting oil stocks even as global growth in demand loses momentum. "Global observed oil stocks plummeted by about 60 mb (million barrels) in January, preliminary data indicate, with on-land inventories falling to their lowest level since at least 2016," the IEA said in its latest monthly oil market report.
Brazil quake city families seek justice in Dutch court
Residents from a Brazilian city devastated by earthquakes caused by salt mining went to a Dutch court Thursday, seeking justice and compensation they say is impossible in Brazil. Once a city of one million people, life in Maceio has been upended by earthquakes in 2018 attributed to salt mining and subsequent cracks in streets and buildings.
Airbus posts 11 percent profit drop for 2023
European aviation giant Airbus on Thursday posted an 11 percent drop in net profit to 3.8 billion euros ($4.1 billion) in 2023, with past charges for its space business cutting into earnings. Revenues at Airbus Defence and Space increased two percent, But profits at the space division fell 40 percent to 229 million euros because of a one-off 600 million charge.
UK economy slides into recession ahead of election
Britain is in recession, official data showed Thursday, dealing another blow to embattled Prime Minister Rishi Sunak, whose Conservative party is forecast to lose a general election expected this year.
EU cuts eurozone inflation, growth forecasts for 2024
The European Commission on Thursday cut both its growth and inflation forecasts for the eurozone in 2024, as it warned geopolitical tensions spelled rising uncertainty for the single-currency area's economy. "We are closely tracking geopolitical tensions, which could have a negative impact on growth and inflation," he said.
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