Sawt Falasteen - Economy

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Featured

BP makes largest oil, gas discovery in 25 years off Brazil

Britain's BP announced Monday it made its biggest oil and gas discovery in 25 years off the coast of Brazil, as it shifts back to its fossil fuel business.

Shares in UK banks jump after car loan court ruling

Shares in British banks rose on Monday after the country's top court spared the sector from the worst of feared compensation claims over controversial car loans.

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Nike profits sink but company says it is turning a corner

Nike reported sharply lower quarterly profits Thursday, but signaled it was past the worst stage of a corporate retooling as it implements "surgical" US price increases to defray tariff costs.

'Mission: Impossible' composer Lalo Schifrin dies aged 93

Famed composer Lalo Schifrin, who created themes for a host of hit Hollywood films and television shows -- including the instantly recognizable "Mission: Impossible" score -- died Thursday aged 93, US media reported.

Anna Wintour steps down as US Vogue editor after nearly 40 years

Magazine legend Anna Wintour stepped down as editor of US Vogue on Thursday after 37 years in which she was often hailed as the single most influential figure in the fashion world.

Anna Wintour steps down as editor of US Vogue after nearly 40 years

Magazine legend Anna Wintour is stepping down as editor of fashion bible US Vogue after 37 years in the post, US media reported Thursday.

Frenchman who robbed Kim Kardashian dies of cancer aged 69

A French robber convicted with seven others of stealing jewellery worth $10 million from reality television star Kim Kardashian in Paris in 2016 died on Thursday, a source close to the case said.

Mbappe files harassment complaint against PSG

Kylian Mbappe has accused his former club Paris Saint-Germain of moral harassment in a legal filing, the Paris prosecutor's office told AFP on Thursday as it confirmed an investigation had been opened.

US stocks rise, dollar slides as Trump eyes new Fed boss

US stock markets rose and the dollar slid Thursday as President Donald Trump lined up candidates to succeed Federal Reserve boss Jerome Powell, fuelling bets of cuts to US interest rates.

Napoleon collection sells at auction for $10 mn

A massive trove of artwork and curios linked to Napoleon Bonaparte, including one of his iconic bicorne hats, has sold for more than $10 million in Paris, an auction house said.

Dollar slides as Trump eyes new Fed boss

The dollar slid Thursday as President Donald Trump lined up candidates to succeed Federal Reserve boss Jerome Powell, fuelling bets of cuts to US interest rates.

India recovers data from black boxes after deadly crash

Indian investigators have successfully retrieved data from the black boxes of a Boeing plane, after it crashed in one of the deadliest air disasters in decades, the government said Thursday.

Stocks mixed with eyes on Mideast, dollar hit by Trump Fed comment

Stocks were mixed Thursday and oil rose as traders kept a nervous eye on the Iran-Israel ceasefire, while the dollar dropped after Donald Trump said he had a handful of candidates to succeed Federal Reserve boss Jerome Powell, fuelling rate cut bets.

Pools and slides as North Korea set to open 'world class' tourist resort

North Korea has completed construction on a massive tourist resort boasting colourful water slides and swimming pools, state media said on Thursday, a pet project of leader Kim Jong Un.

H&M sales fall in second quarter on stronger currency

Swedish fashion giant H&M on Thursday reported a drop in sales and profit in the second quarter, as currency effects weighed on the company's earnings.

Migrant money from Russia a lifeline for Central Asia

In a remote town in southern Kyrgyzstan, teacher Nur Akhmatov watched workers building a library, conference hall and women's sports centre -- construction mostly funded by Kyrgyz emigrants sending money home from Russia.

Nigerian farms battle traffic, developers in downtown Abuja

Under the din of traffic from the highway bridge that cuts over his fields, Bala Haruna inspects corn, cassava and okra on his family farm.

Stocks down with eyes on Mideast, dollar hit by Trump Fed comment

Most stocks fell Thursday and oil rose as traders kept a nervous eye on the Iran-Israel ceasefire, while the dollar dropped after Donald Trump said he had a handful of candidates to succeed Federal Reserve boss Jerome Powell, fuelling rate cut bets.

Tunisia U-turn on phosphate plant sparks anger in blighted city

The bedroom of 74-year-old Cherifa Attia smells like burnt rubber. The vast phosphate processing plant beside her home has been belching out toxic fumes into the atmosphere, blighting this Tunisian city.

Tech giants' net zero goals verging on fantasy: researchers

The credibility of climate pledges by the world's tech giants to rapidly become carbon neutral is fading fast as they devour more and more energy in the race to develop AI and build data centres, researchers warned Thursday.

Nvidia hits fresh record while global stocks are mixed

Global stocks were mixed Wednesday as markets weighed lingering worries about the Iran-Israel conflict while Nvidia surged to a fresh all-time high on bullishness over artificial intelligence.

Court rejects EDF complaint over Czech nuclear tender

A Czech court on Wednesday rejected a complaint filed by French energy group EDF over the bidding process that saw it lose out on a multibillion-dollar contract to build two additional reactors at a Czech nuclear plant.

Rubiales to appeal fine for Hermoso forced kiss

Disgraced former Spanish football federation chief Luis Rubiales will appeal at the Supreme Court the confirmation of his 10,800-euro fine for forcibly kissing Jenni Hermoso, his lawyer said on Wednesday.

Amazon tycoon Bezos arrives in Venice for lavish wedding

Amazon's billionaire founder Jeff Bezos and his fiancee Lauren Sanchez arrived in Venice on Wednesday ahead of their wedding, an event that has sparked protests in the Italian city.

Oil rebounds as markets track Iran-Israel ceasefire

Oil prices recovered slightly and European stock markets fell Wednesday as traders assessed whether the Israel-Iran ceasefire would endure.

Cable theft in north France disrupts Eurostar traffic

The theft of cables along train tracks in northern France on Wednesday disrupted Eurostar trips between London and Paris for a second day in a row, the company and French railway operator said.

Tesla sales skid in Europe in May despite EV rebound

Tesla sales sank again in Europe last month as rising competition and Elon Musk's ties to US President Donald Trump cut into demand despite a growing electric car market, industry figures showed on Wednesday.

Justice orders release of migrants deported to Costa Rica by Trump

A court on Tuesday ordered Costa Rican authorities to release foreign migrants locked up in a shelter after being deported by the United States, according to a resolution issued on the eve of a visit by the US secretary of homeland security.

Vietnam abolishes death penalty for spying, anti-state activities

Vietnam has abolished the death penalty for eight crimes including espionage, graft and attempting to overthrow the government, state media said Wednesday.

AI fakes duel over Sara Duterte impeachment in Philippines

Days after the Philippine Senate declined to launch the impeachment trial of the country's vice president, two interviews with Filipinos arguing for and against the move went viral.

UK carbon emissions cut by half since 1990: experts

The UK has cut its carbon emissions by 50.4 percent since 1990 levels, a group of experts tasked with advising the government said on Wednesday.

China's premier warns global trade tensions 'intensifying'

Chinese Premier Li Qiang warned on Wednesday that global trade tensions were "intensifying" as he addressed the opening ceremony of the World Economic Forum.

Stocks rally as Iran-Israel ceasefire holds, oil claws back some losses

Most equities extended a global rally Wednesday after Iran and Israel agreed to a ceasefire that ended more than a week of hostilities, while the dollar struggled to recover from a sharp drop stoked by bets on a US interest rate cut.

Saint Laurent kicks off Paris men's fashion week

Saint Laurent opened Paris Men's Fashion Week on Tuesday with a playful, 1970s-inspired collection, as the industry reels from the revolving door of creative directors and a diminished appetite for luxury goods.

Sawt Falasteen - Economy (English)