Foreign Buyers Swoop on Cape Town Homes, Pricing Out Locals
Nowhere is this more evident than in Cape Town, home to Africa's most expensive real estate. The city has seen an influx of newcomers: South Africans are escaping government dysfunction and infrastructure decay elsewhere and are attracted by good jobs; foreigners are lured by the area's beauty and still-cheap home values relative to other developed regions.
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42 minutes ago
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OPEC+ Considers Adding More Than 411,000 Barrels on Saturday
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Yahoo
3 hours ago
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Orano's uranium joint venture in Niger on brink of bankruptcy
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New York Post
3 hours ago
- New York Post
Elon Musk teases plans for ‘America Party' after fury over Big, Beautiful Bill Act
Billionaire tech mogul Elon Musk spent July 4 publicly plotting a strategy for his proposed 'America Party' to gain control of the balance of power in Washington following next year's midterm elections. Peeved by Republicans' passage of the One Big Beautiful Bill Act, Musk declared on X that 'Independence Day is the perfect time to ask if you want independence from the two-party (some would say uniparty) system! 'Should we create the America Party?' the 54-year-old South Africa-born billionaire polled his followers, more than 62% of whom had answered 'yes' as of 2:30 p.m. 'One way to execute on this,' Musk continued, 'would be to laser-focus on just 2 or 3 Senate seats and 8 to 10 House districts.' 4 Tech baron Elon Musk has been publicly flirting with the idea of forming some sort of third party. REUTERS 4 House Speaker Mike Johnson has been forced to navigate an ultra-slim majority in the lower chamber. AP 'Given the razor-thin legislative margins, that would be enough to serve as the deciding vote on contentious laws, ensuring that they serve the true will of the people.' Last month, Musk dramatically turned against President Trump and his second-term agenda legislation, calling it 'pork-filled' and a 'disgusting abomination.' Publicly, the Tesla and SpaceX has cited concerns about the bill's impact on the deficit, to which the legislation is projected to add about $3.9 trillion over the next decade. Musk served as the driving force behind the Trump administration's Department of Government Efficiency (DOGE) cost-cutting initiative, causing fierce personal and professional backlash. 4 Senate Republicans have a 53 to 47-seat majority. Getty Images 'What good is Doge saving $160B when this bill increases the debt ceiling by $5T? It makes [a] mockery of the work,' Musk groused on X Tuesday. Trump and GOP leaders have alleged that Musk's animus is really motivated by rollbacks to Biden-era green energy tax credits, which are expected to harm Tesla. 'Utterly insane and destructive. It gives handouts to industries of the past while severely damaging industries of the future,' Musk had complained last week ahead of the Senate's passage of the megabill. Over recent days, Musk has amplified social media posts by Sen. Rand Paul (R-Ky.) and Rep. Thomas Massie (R-Ky.), who voted against the measure due to deficit concerns. 4 President Trump has traded barbs with Elon Musk, but largely held back against his former billionaire buddy. AP Trump and his allies have set their sights on ousting Massie in a Republican primary, but Musk has indicated he intends to support the legislator's expected re-election effort in 2026. As the world's richest man, Musk's pockets run deep, with an estimated net worth of $405 billion. During the 2024 election cycle, Musk doled out a whopping $290 million to support Trump, according to financial disclosures. Republicans currently hold a 53-47 majority in the Senate and a 220-212 majority in the House of Representatives.
