Sawt Falasteen - Economy

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UK probes Ryanair over fees for parents to sit with children

Britain's competition watchdog said Thursday that it had opened an investigation into Irish carrier Ryanair over fees that parents must pay to sit with their children.

Suspense surrounds Swiss anti-immigration vote

The Swiss will vote Sunday on a divisive anti-immigration proposal to cap the country's population, with the result expected to be tight and warnings of "chaos" if it passes.

Last news

Fuel supply fears after blaze tears through crucial Australian refinery

Towering columns of fire have engulfed a crucial Australian oil refinery after a chain of explosions, authorities said Thursday as they warned of disruptions to domestic fuel supply.

BBC to cut up to 2,000 jobs under 'financial pressures'

The BBC said on Wednesday that the British broadcasting corporation is set to cut up to 2,000 jobs amid a challenging media landscape.

Hormuz shipping muted as US blockade takes hold: tracking data

A trickle of ships crossed the Strait of Hormuz Tuesday and Wednesday as a US blockade appeared to further curb traffic in the trade route already paralysed by Iranian forces, marine tracking data showed.

Swiss watchmakers say time will tell on effects of Mideast conflict

The Middle East war has plunged Swiss watchmakers into uncertainty, testing the resilience of an iconic national industry already shaken by several crises.

World Bank announces water security plan covering one billion people

The World Bank announced a plan Wednesday that aims to improve secure water access for a billion people within the next four years.

Merz praises Lufthansa on centenary as strikes ruin party

Chancellor Friedrich Merz on Wednesday praised "the strategic importance" of Lufthansa as the German airline giant marked its centenary, but the celebrations were marred by a wave of recent strikes.

IMF chief warns of 'tough times' if oil prices stay high

IMF chief Kristalina Georgieva warned Wednesday of difficult times ahead for the global economy if war in the Middle East is unresolved and oil prices stay high, adding that inflation risks could seep into food prices.

Starmer says 'won't yield' to Trump's Mideast war threats

British Prime Minister Keir Starmer on Wednesday said he would not "yield" to pressure to join the Iran war after US President Donald Trump threatened to scrap a UK trade deal.

Chinese suppliers, Mideast importers fret about war fallout on trade

Suppliers and buyers at a trade show in southern China were cautious on Wednesday as they weighed costs for ice cream machines, home appliances and cars that have risen since the start of the Middle East war.

Markets steadier on Mideast peace hopes, as war hits luxury goods

Markets largely steadied Wednesday as traders waited to see if Mideast peace talks resume, though share prices of Gucci parent Kering and French luxury group Hermes tumbled on weak earnings linked partly to the conflict's fallout.

EU says age-check app 'ready' in push to protect children online

European Union chief Ursula von der Leyen said Wednesday that an EU-developed age verification app was ready to go, as the bloc pushes to better protect children from online harm.

The Middle East war: latest developments

The latest developments in the Middle East war:

French luxury firms Hermes, Kering knocked by disappointing sales

Shares in the French fashion groups Kering and Hermes plunged Wednesday after both reported sales that missed analyst expectations, in part due to the Middle East war, which has hit business in a key region.

Stocks rally, oil falls further as Trump fans fresh peace hopes

Stocks rose and crude dropped again Wednesday after Donald Trump said a second round of US-Iran talks could take place "over the next two days", fuelling hopes for a deal that would reopen the Strait of Hormuz and allow crude to flow again.

Kanye West postpones France concert after minister's block call

US rapper Kanye West postponed late Tuesday his concert in the French city of Marseille, following reports that the country's interior minister was seeking to block the performance.

Stocks rally, oil extends losses as Trump fans fresh peace hopes

Stocks rose and oil fell again Wednesday after Donald Trump said a second round of US-Iran talks could take place "over the next two days", fuelling hopes for a deal that would reopen the Strait of Hormuz and allow crude to flow again.

US lawmaker demands FIFA pay World Cup transport bill amid ticket hikes

A top US lawmaker called on FIFA to pay for World Cup public transportation costs on Tuesday following a report that local authorities in New Jersey are planning massive price hikes during the tournament.

Netflix boss Sarandos has 'constructive' talks with cinema owners

Netflix CEO Ted Sarandos met with US cinema owners on the sidelines of an industry gathering, the trade association chief said Tuesday, as movie theaters look for ways to work with a one-time foe.

US bank profits jump as execs see consumers surviving oil spike, for now

Large banks reported higher profits Tuesday, pointing to resilience among US businesses and customers despite spiking oil prices from the Middle East war.

Renault to cut up to 20% of engineers

French carmaker Renault said Tuesday that it plans to reduce its number of engineers by 15 to 20 percent in the coming two years as it seeks to remain competitive.

Gucci -- again -- drags down Kering's performance

French luxury group Kering saw sales slide by six percent in the first quarter of this year, with its troubled flagship Gucci fashion house still dragging down its performance.

Rolls-Royce unveils ultra-luxury limited series electric car

Far from the downturn that has shaken many luxury houses in recent years, Britain's Rolls-Royce on Tuesday launched an ultra-luxury, limited-series electric car.

Paris engineer wins Picasso painting at charity auction

An art-loving engineer from Paris was the lucky winner of an original Picasso painting worth over a million euros at a charity raffle in Paris on Tuesday.

Stocks rise, oil prices retreat on hopes for Mideast peace deal

Stock markets climbed and oil prices tumbled Tuesday on rekindled hopes for a deal to end the Middle East war and reopen the key Strait of Hormuz to end disruptions that have sent energy prices soaring.

ECB chief insists won't abandon ship amid global turmoil

European Central Bank chief Christine Lagarde said Tuesday she would not leave her post early as the global economy faces a severe storm, insisting: "This captain is not going to leave the ship."

Czech govt draws ire with public media financing plan

The Czech culture minister angered the opposition and media freedom watchdogs with a plan presented Tuesday to fund public media from the state budget instead of fees paid by citizens.

US bank profits jump as execs see consumers surviving oil spike so far

Large banks reported higher profits Tuesday, pointing to resilience among US businesses and customers despite higher oil prices from the Middle East war.

Amazon says to buy Globalstar to expand satellite network

Amazon said Tuesday that it had signed a deal to buy the US telecoms satellite group Globalstar to expand its own space-based internet network and compete with Elon Musk's Starlink.

IMF cuts eurozone growth forecast to 1.1%, warns of strong euro

Economic growth across the eurozone will slow to an estimated 1.1 percent this year as higher energy prices weigh on manufacturing, the International Monetary Fund said Tuesday.

Romuald Wadagni, from economic reformer to presidential palace

For a decade, Benin's new president Romuald Wadagni has been the behind-the-scenes architect of sweeping economic reforms that have led to one of the strongest growth rates in west Africa.

Mideast war revs up electric car demand in Asia

Electric vehicle sales have jumped in Southeast Asia as cost-conscious buyers have poured into dealerships looking to dodge the fuel price spikes driven by the Middle East war.

China's economy likely picked up pace in first quarter: AFP survey

China's economic growth likely picked up in the first three months of the year, according to analysts surveyed by AFP, boosted by exports now impacted by the Middle East war, while domestic demand remains weak.

Sawt Falasteen - Economy (English)