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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US outlet Radio Free Asia closes Hong Kong office over security law fears
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Success and setbacks: 100 days of Argentina's Milei
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SA reacts as SARB governor Lesetja Kganyago cuts repo rate by 25 basis point to 10.5 percent
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Finland's wizards making food out of thin air
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Airbus says record 2,094 planes ordered in 2023, 735 delivered
European planemaker Airbus said Thursday that it secured 2,094 net plane orders last year, a record for the group as airlines prepare for further global passenger growth and seek out more fuel-efficient planes.
Hertz to shrink EV rental fleet over sluggish US demand
Hertz said Thursday it will sell one-third of its electric vehicle (EV) automobiles to resize its fleet in line with slowing demand growth for emission-free transport. The rental car giant will sell 20,000 EVs in the United States, steering a portion of the funds to purchase "internal combustion engine vehicles to meet customer demand," Hertz said in a securities filing.
US consumer inflation jumps more than expected to 3.4%
Consumer inflation in the United States rose more than anticipated in December, government data showed Thursday, underscoring the bumpy road to cooling price increases as the presidential election looms. From November to December, CPI rose 0.3 percent, up from the prior month's figure as well.
London mayor urges closer UK ties with EU
London's mayor called Thursday for closer ties with Europe and a better debate about immigration as he branded Brexit a "key contributor" to Britain's cost-of-living crisis. "It's a key contributor to the cost-of-living crisis right now and it's resulting in lost opportunities, lost business and lost income."
World added 50% more renewable energy but more needed: IEA
The world added 50 percent more renewable energy capacity in 2023 over the previous year but more is needed in the battle against climate change, the International Energy Agency said Thursday. Prices for solar PV devices fell by 50 percent in 2023 compared to the previous year.
UK unveils plans for 'biggest nuclear power expansion in 70 years'
The UK government on Thursday announced plans for what it said was the country's "biggest expansion of nuclear power for 70 years" to bolster its energy independence and meet carbon emission targets.
Asian markets track Wall St gains ahead of key inflation data
Asian markets rose Thursday as investors gear up for the release of major US inflation data that could have a huge bearing on the Federal Reserve's timetable for cutting interest rates. "Our expectations are for headline inflation to continue to cyclically bottom well below three percent, possibly to 2.5 percent, and for the Fed to then start cutting rates sometime over the next six months."
US regulators authorize first bitcoin funds on public markets
US securities regulators gave the green light Wednesday to a group of bitcoin exchange-traded funds, a keenly anticipated decision expected to boost the cryptocurrency. Until Wednesday, investors seeking to invest in bitcoin had to open an account on a cryptocurrency exchange and transact through a traditional medium of exchange, such as the dollar.
UN 'very concerned' over attacks on Red Sea trade
The United Nations raised the alarm on Wednesday over increasing attacks on shipping in the Red Sea, blamed by Western countries on Huthi rebels, and the risk of escalation in the region. Intensifying attacks by Yemen's Huthi rebels in the Red Sea have caused shipping companies to bypass the route and instead divert around Africa's Cape of Good Hope, significantly adding to journey times and cost.
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