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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Cuba delays 500% fuel price hike over 'cybersecurity' incident
Cuba's government on Wednesday delayed a planned 500 percent surge in the fuel price after a "cybersecurity incident," an economy ministry official said. Economy ministry official Mildrey Granadillo said there had been a "cybersecurity incident ... whose origin has been identified as a virus from abroad."
French prosecutors probe Nestle over mineral water treatments
French prosecutors said on Wednesday they had opened an investigation into suspected fraudulent practices by the waters division of Swiss food giant Nestle, after it admitted treating water for its top French brands including Perrier and Vittel.
Dire Straits legend's guitars garner six-figure sales
Several guitars put up for sale by Mark Knopfler, the former frontman of British rock group Dire Straits, on Wednesday fetched hundreds of thousands of pounds each at auction. The sales figures pale in comparison to some previous sales of legendary rock guitars.
Biogen pulls controversial Alzheimer's drug Aduhelm
A controversial Alzheimer's drug that was trumpeted as the first to ever treat the cognitive decline associated with the devastating brain disorder has been pulled from the market, its maker Biogen announced Wednesday. It showed a reduction in cognitive decline in one of the studies, but not the other.
UK opposition Labour courts business before election
With a UK general election looming, the country's main opposition Labour party is starting to persuade business and financial sector leaders that it can be trusted to grow the economy. UK business remains hampered by high inflation and stagnant growth.
Waiting out Bukele's 'Bitcoin City' on a Salvadoran beach
When President Nayib Bukele announced plans to create the world's first "Bitcoin City," a futuristic metropolis financed by cryptocurrency bonds, American Corbin Keegan packed up his life in Chicago and headed for El Salvador. - 'It cannot be stopped' - Bukele had promised the issuing of $1 billion in bitcoin bonds, partly to finance his city.
EU to shield farmers threatened by Ukraine farm imports
With farmers venting their anger across Europe, Brussels moved Wednesday to address two of their core grievances: creating "safeguards" to stop cheaper Ukrainian imports from flooding the market, and easing highly contested rules on leaving land unused.
Boeing results top estimates as it commits to improve quality control
Boeing reported a smaller than expected loss Wednesday, while pledging to take "comprehensive" actions to bolster quality control after a near-catastrophic 737 MAX flight earlier this month. The aviation giant reported a $23 million loss in the fourth-quarter, which was smaller than expected.
US private sector job gains slow more than expected in January
Private sector hiring in the United States fell more than anticipated in January, according to data Wednesday from payroll firm ADP, following efforts to cool the world's biggest economy and tame inflation. The United States added 107,000 jobs in the private sector this month, ADP said, slowing from a revised 158,000 in December.
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