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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Economy is a gamble for Biden in election year
Anger over rising prices and wages that don't stretch far enough brought thousands of casino workers onto the streets of Las Vegas in recent months, part of a wave of labor discontent in the United States.
US Fed officials urge patience on interest rate cuts
Two US Federal Reserve officials indicated Wednesday that the nation's central bank is on track to tackle inflation, but that it is still too soon to begin lowering interest rates. They have assigned a probability of more than 65 percent that the US central bank will have begun lowering interest rates by the time of its following meeting in May. da/nro
ICC prosecutor wants court to try 'environmental crimes'
The International Criminal Court's chief prosecutor told AFP on Wednesday that he wants the tribunal to start trying suspects for "environmental crimes" without having to modify its founding statutes. "This is the first time in the history of the International Criminal Court that we would have a considered policy paper on the forms that environmental crimes can take," he said.
US trade gap narrows in 2023 to smallest in three years
The US trade deficit narrowed in 2023 to the smallest in three years, according to government data released Wednesday, while America bought more goods from Mexico than China for the first time in about two decades. - Mexico, China trade - On Wednesday, Commerce Department data also showed that the United States bought more goods from Mexico than China in 2023, a first in around two decades.
Biden strengthens US soot regulations, angering industry
President Joe Biden's administration on Wednesday announced tough new air quality standards it said were sorely needed to protect the health of vulnerable communities, though industry groups have said the move would devastate domestic manufacturing. - Industry critical - Wednesday's announcement was hailed by environmental and health groups.
Spanish farmers block roads for second day
Thousands of farmers used tractors to block roads across Spain for the second straight day Wednesday amid Europe-wide protests against cheaper imports and heavy regulation. Tractors were used to block roads leading to the southern port of Malaga in Andalusia, authorities said.
Deal signed to export DR Congo copper via US-backed corridor
Two firms, Singapore-based Trafigura and Canada's Ivanhoe Mines, signed a major deal on Wednesday to export copper along a US-backed rail route from the Democratic Republic of Congo.
Sweden shuts Nord Stream probe over lack of jurisdiction
A Swedish prosecutor probing the 2022 sabotage of the Nord Stream gas pipelines linking Russia and Germany said Wednesday he was closing the investigation because Sweden does not have jurisdiction. Denmark, Sweden and Germany all opened investigations into the explosions.
IMF warns of Maldives foreign debt crisis, after China borrowing
The strategically-placed Indian Ocean nation of the Maldives, which has borrowed heavily from China and shifted allegiance from India, is at high risk of "debt distress," the IMF warned Wednesday. "The Maldives remains at high risk of external and overall debt distress".
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