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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South African unemployment rate for women continues to rise as South Africans face hopelessness
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UK's biggest water supplier plunges into deeper financial crisis
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UK's NatWest bank showed 'serious failings' over Farage: probe
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Organisation calls for overhaul of spaza shop system in South Africa
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Oscars ratings climb to almost 20 mn as 'Oppenheimer' reigns
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Tens of thousands sign up for French electric car leasing scheme
The French government has been flooded with applications from low-income households to lease a subsidised electric car from 100 euros ($109) a month, Environment Minister Christophe Bechu said on Friday. Some 90,000 people have applied to the scheme since the start of the month, Bechu said, whereas the government had only planned to subsidise the rental of 25,000 electric vehicles this year.
Economic outlook keeps investors wary on Nigeria
Record inflation, a sliding naira currency and weak financial structure are keeping investors wary of Nigeria, Africa's largest economy, with some companies even stepping away despite economic reforms under recently-elected President Bola Ahmed Tinubu. Elected on the promise of a programme called "Renewed Hope", Tinubu has repeatedly called for "patience" from Nigerians as those reforms take root.
Indian tycoon Adani bets big on vast solar and wind plant
Deep in the desert along the border with Pakistan, India's most controversial billionaire is building the world's largest renewable energy park as he races to future-proof his coal-linked fortune.
Asian markets track Wall St higher after tech surge
Asian markets rose Friday following a tech-led rally on Wall Street that helped soothe traders' concerns that the Federal Reserve will likely not cut interest rates as early or by as much as hoped this year. In light of the latest data, traders have lowered their bets on a March interest rate cut to a little more than 50 percent, down from 80 percent last week.
In Davos, an Australian mining boss presses industries to go green
Andrew Forrest, a blunt Australian billionaire who made his fortune in iron ore mining, stood out among the heads of emissions-spewing industries at the meeting of global elites in Davos. "I'm saying to the industrial world, if the crabby, backwards old mining industry can do it, so can everyone else," Forrest told AFP in an interview in the Swiss Alpine resort.
Japan inflation slows in December as energy bills drop
Japanese consumer inflation slowed again in December due to lower electricity and gas bills, government data showed Friday, ahead of a Bank of Japan policy decision next week. "Price increases for now are driven by external factors such as global inflation," she said ahead of Friday's data release.
France orders rare Atlantic fishing ban to protect dolphins
The French government will temporarily ban almost all commercial fishing in the Bay of Biscay to protect dolphins, much to the dismay of the industry. On Thursday, the French government broadened the ban to all ships, regardless of origin, while promising to support fishermen and fishmongers.
Electric cars jolt Europe sales for 2023
New car sales in Europe rebounded by 13.9 percent in 2023 as electric vehicles overtook diesel for the first time, an industry group said on Thursday. Volkswagen remained in pole position among car manufacturers, with the group selling 2.8 million new cars in 2023, up by 18 percent on the previous year.
Tata Steel to cut 3,000 jobs in Wales: source
Indian-owned Tata Steel is to cut about 3,000 jobs at a plant in Wales, a source said Thursday, as the industry struggles to finance greener production of the metal. Towards the end of last year, the UK government provided £500 million ($634 million) to fund the production of "greener" steel at the country's biggest steelworks, while saying that 3,000 jobs were still at risk.
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