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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Asian markets mostly up, Hong Kong boosted by Alibaba rally
Most Asian markets rose Wednesday, with Hong Kong leading the pack for a second day following reports Alibaba's co-founders had bought huge stakes in the firm, a day after it emerged China was planning a blockbuster boost for the country's stuttering equities. Other Hong Kong-listed tech firms rallied, including Tencent, JD.com and Netease.
Argentines down tools in first major challenge to budget-slashing Milei
Argentine President Javier Milei faces the first major challenge to his budget-slashing policies Wednesday as workers are expected to down tools in their thousands and take to the streets in protest. Milei took office in December after a campaign vowing to slash public spending.
Alaska Airlines finds many loose bolts on its Boeings as United questions orders
Boeing came under renewed pressure Tuesday as the head of Alaska Airlines said inspections carried out after a dangerous incident had found many loose bolts on its 737 MAX 9 aircraft. The company's chief executive Ben Minicucci told NBC News Tuesday that an in-house inspection of its Boeing 737 Max 9 fleet carried out after the incident had found that "many" of these aircraft had loose bolts.
LA Times slashes a fifth of its newsroom jobs
The Los Angeles Times announced Tuesday it is laying off more than a fifth of its journalists, as yet another once-storied US paper fell victim to the disruptions of the internet age. Unionized journalists at the Times walked off the job last week when reports first emerged that managers were considering drastic cuts.
EU probes Lufthansa's proposed buy of ITA stake
The EU's powerful antitrust authority opened an in-depth investigation on Tuesday into German airline Lufthansa's proposed stake in Italy's ITA Airways, over fears it could hurt competition. The deal provided the German company various options to increase its stake or acquire ITA Airways outright at a later date.
South Africa to export tons of chicken feet to China, citizens joke about the deal
A South African company procured a deal to export 540 tonnes of chicken feet to China. This deal could create a lot of opportunities for small-scale farmers.
Iraq no-frills carrier says no grounds for US sanctions
Iraqi no-frills carrier Fly Baghdad has condemned Washington's imposition of sanctions, saying the US Treasury provided no proof of its allegation the airline had assisted Iran's Revolutionary Guards.
P&G reports mixed earnings, higher prices boost revenue
Consumer goods giant Procter & Gamble painted a mixed picture in its earnings report Tuesday, as price hikes supported revenue growth but customers appeared to pull back in some purchases. But P&G's product volumes were flat overall for the quarter, suggesting that consumers may be pulling back as higher prices bite.
Woman dies when car rams French farmers' roadblock
A car rammed into a roadblock put up by protesting farmers in southwestern France on Tuesday, killing a woman and seriously injuring her husband and teenage daughter stationed there. The woman who was killed was a member of the powerful FNSEA farmers union which has been leading nationwide protests, as are her husband and daughter.
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