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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71% of musicians fear AI: French-German study
More than two-thirds of musicians fear that artificial intelligence will make it impossible to make a living, according to a study by French and German music societies published Tuesday.
IMF lifts global growth forecast citing unexpected 'resilience'
The IMF announced Tuesday it has raised its 2024 global growth forecast to 3.1 percent, citing unexpected resilience in major advanced and emerging market economies around the world, including the United States and China.
General Motors eyes strong 2024 as earnings top estimates
General Motors reported higher quarterly profits Tuesday thanks to continued robust vehicle pricing amid strong North American demand, offsetting the hit from a labor strike. The company relied heavily on its North American division, where sales of full-size pickup trucks and sport utility vehicles remained lofty.
Eurozone narrowly dodges recession
The eurozone economy narrowly avoided a technical recession in the second half of 2023 but stagnated in the final three months of the year, official data showed Tuesday. The data also showed the EU and the eurozone economies grew by 0.5 percent in the whole of 2023, compared to the previous year.
Unionists to end boycott of N. Ireland government
Northern Ireland's main pro-UK party, the DUP, said on Tuesday it endorses a deal with the UK government allowing it to end a long-running boycott of the province's devolved administration. If approved, the deal would allow the DUP and the nationalist pro-Irish Sinn Fein to elect a speaker for the Assembly as early as next week.
German economy shrank at end of 2023: data
The German economy contracted at the end of 2023, official data showed Tuesday, the latest gloomy news for Europe's export powerhouse as it battles high inflation and a manufacturing slowdown. The agency also confirmed an initial estimate from earlier this month that Europe's export giant shrank 0.3 percent across the whole of 2023, and narrowly dodged a recession in the second half of the year.
EU moves to tap profits from Russian assets for Ukraine
The EU has reached an agreement on a first step towards tapping profits from frozen Russian assets to help pay for rebuilding war-ravaged Ukraine, officials said.
Saudi Aramco halts plan to raise production capacity
Saudi Arabia has ordered energy giant Aramco to maintain its oil production capacity at 12 million barrels per day, abandoning a planned increase, the firm said on Tuesday.
Asian stocks mixed after Wall St record, eyes on Evergrande impact
Asian markets were mixed Tuesday as another record on Wall Street was unable to help extend the previous day's advance, with traders eyeing a Federal Reserve meeting, big-name earnings and key data. The Fed's meeting is followed by the closely watched non-farm payrolls report and earnings from Wall Street tech titans including Microsoft, Google parent Alphabet, Apple and Facebook parent Meta.
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