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Chinese city lifts curbs on buying homes as property crisis bites
One of China's wealthiest cities said Thursday it would lift all restrictions on buying homes, joining a growing list of urban areas rolling back curbs as they look to prop up the faltering property market. Several of the biggest cities, including Beijing, Shanghai and Shenzhen, have partly lifted curbs but have resisted dumping them entirely.
Asian markets mixed as traders eye rate cuts
Asian traders fought to get a recent rally back on course Thursday following a tepid lead from Wall Street but record performance in Europe highlighted optimism that central banks were on course to cut interest rates. "As the Federal Reserve extends the timeline for interest rate cuts, historical data shows that longer Fed pauses often correlate with better equity returns.
Bank of England set to hold rate at 16-year high
The Bank of England was set Thursday to keep its main interest rate at a 16-year high, resisting a cut as UK inflation cools at a slower pace than forecast. With the central bank set to keep the status quo, focus will be on accompanying statements for clues on when it may start cutting the interest rate.
China's Xi in Hungary to celebrate 'new era' with Orban
Hungarian Prime Minister Viktor Orban will host Chinese President Xi Jinping in Budapest on Thursday in a bid to strengthen already flourishing ties between Beijing and its closest EU ally. After a dinner featuring traditional Hungarian specialities on Wednesday evening, Xi will be received with military honours in Budapest on Thursday morning, alongside Hungarian President Tamas Sulyok.
US forges new 'battery belt' in hopes of electric future
Growing up, Devante Cuthbertson assumed he might have to leave his North Carolina hometown to pursue a career, but a new multi-billion-dollar Toyota battery plant is offering him a reason to stay put. By 2028 the $13.9 billion battery plant will employ 5,100 people, up from some 800 now, said Sean Suggs, president of Toyota Battery Manufacturing, North Carolina.
Men or bears? Women's safety debate pops on social media
If you're a woman alone in a forest, would you rather be approached by a random man or... a bear? "I get that, you know what to expect from a bear," said one TikTok user, apparently a man.
Polygamist Musa Mseleku shares old pictures of his wedding with his 2nd wife Mayeni: "Sisaya kude"
The South African polygamist Musa Mseleku recently shared old pictures of himself and his second wife Mayeni on their wedding on his Instagram page.
George building collapse: Death toll hits 8, municipality vows to press on with rescue operations
After 55 hours, the George Municipality’s emergency teams were adamant that they would continue rescue efforts overnight to find the 38 unaccounted-for workers.
Radio presenter Penny Ntuli involved in car crash, netizens weigh in: "We thank God for her life"
On Tuesday, the South African radio personality Penny Ntuli was involved in a car crash on the Gauteng N3 Highway on her way to Johannesburg from Durban.
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