Sawt Falasteen - Economy

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Featured

Thousands expected at Sweden climate demo as election looms

Around 10,000 people are expected to turn out for a climate demonstration in Stockholm on Sunday, according to Swedish police and organisers, just weeks ahead of a general election where the issue is among voters' top concerns.

Macron hosts Saudi's MBS for visit ranging from esports to Mideast

French President Emmanuel Macron welcomes Saudi crown prince and de facto ruler Mohammed bin Salman on Sunday for a two-day visit set to range from esports to the war in the Middle East.

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Russian ruble hits lowest level against dollar since March 2022

The Russian ruble slumped on Friday to its lowest level against the US dollar since March 2022, a day after Moscow fired a hypersonic missile on Ukraine and Washington sanctioned a key Russian bank.

'We want change': Romanian far-right leader eyes presidential run-off

Romanian far-right leader George Simion, a Donald Trump fan, has been touring the countryside, including bringing truckloads of construction material to a flood-hit village, ahead of Sunday's presidential election.

Spain fines 'abusive' budget airlines 179 mn euros

Spain's leftist government said Friday it has fined five budget airlines including Ryanair and EasyJet 179 million euros ($187 million) for "abusive practices" such as charging passengers for hand luggage.

Kenyan street style snappers reclaim the heart of Nairobi

Alex Okwomi trains his lens on his latest clients: two young women whose identical crimson dresses will make a striking photo as they pose and pout against the photogenic skyline of Nairobi's central business district.

Japan government approves $140bn stimulus

Japan's minority government signed off Friday on a $140-billion stimulus drive aimed at putting more money in consumers' pockets after the ruling party's worst election result in 15 years.

German GDP downgraded in new blow for struggling economy

German third-quarter growth was downgraded Friday with official data showing it expanded even more weakly than previously thought, in a new blow for Europe's top economy as it battles multiple headwinds.

Team behind film about world's first IVF baby hope to spread joy and debate

The makers of a new film about the British pioneers of IVF hope it highlights the "fragile" status of fertility treatment, with perceived threats in places like the United States and dwindling availability in the UK.

Top US securities regulator to exit, clearing way for Trump pick

The top US securities regulator, a skeptic towards cryptocurrency who was appointed by President Joe Biden, announced Thursday he will step down in January when Donald Trump takes office.

Five tourists dead after suspected tainted alcohol poisoning in Laos

Five foreign tourists have died after a suspected mass methanol poisoning from drinking tainted alcohol at a backpacker hotspot in Laos, Western government officials and media said Thursday.

US actor Smollett's conviction for staged attack overturned

American actor Jussie Smollett's conviction for fabricating a racist and homophobic hate crime in Chicago in 2019 was overturned Thursday on due process grounds.

Indian PM Modi highlights interest in Guyana's oil

Visiting Indian Prime Minister Narendra Modi said Thursday his country is interested in oil from Guyana, the small South American nation with the world's highest per capita crude reserves.

Stock markets push higher but Ukraine tensions urge caution

Stock markets mostly rose in Europe and on Wall Street on Thursday, recovering from recent selling but with investors wary of the escalating Ukraine war on Europe's doorstep.

IMF sees 'limited' impact of floods on Spain GDP growth

Last month's deadly floods in Spain, the country's worst natural disaster in decades, will have a "limited" impact on its "robust" economic growth, the International Monetary Fund said Thursday.

Volkswagen workers head towards strikes from December

Volkswagen workers in Germany took a step closer to strike action on Thursday, after unions and management met for the third round of talks over the ailing carmaker's drastic cost-cutting plans.

Sales of existing US homes rise in October

Sales of previously owned homes in the United States picked up in October, industry data showed Thursday, fueling hopes that a slump in the sector may be ending.

Stock markets waver as Nvidia, Ukraine tensions urge caution

Stock markets were little changed in Europe and on Wall Street Thursday after Ukraine claimed that Moscow fired an intercontinental ballistic missile, ratcheting up fears of further escalation in the war on Europe's doorstep.

Kenya scraps Adani deals as Ruto attempts to reset presidency

Kenyan President William Ruto sought Thursday to turn the page on a difficult year, cancelling controversial deals with India's Adani Group and vowing to tackle corruption, police kidnappings and gender-based violence.

French YouTuber takes on manga after conquering Everest

A French influencer fresh off a smash hit film documenting his ascent to Everest's peak is turning his sights to a new challenge: manga.

Stock markets diverge, as bitcoin closes in on $100,000

Major stock markets diverged and the dollar was mixed Thursday as traders weighed escalating tensions in the Russia-Ukraine war.

Four tourists die after suspected tainted alcohol poisoning in Laos

Four foreign tourists have died after a suspected mass methanol poisoning from drinking tainted alcohol at a backpacker hotspot in Laos, Western government officials and media said Thursday.

Four tourists die after suspected Laos methanol poisoning

Four foreign tourists have died after a suspected mass methanol poisoning from drinking tainted alcohol at a backpacker hotspot in Laos, Western government officials and media said Thursday.

Sri Lanka's president makes U-turn on IMF bailout

Sri Lanka's new leader on Thursday backed a controversial IMF bailout, marking a U-turn from his election pledge to renegotiate the deal secured by his predecessor.

India opposition leader demands tycoon Adani's arrest after US charges

Billionaire Indian tycoon Gautam Adani should be arrested after US prosecutors charged him with paying more than $250 million in bribes to secure lucrative government contracts, opposition leader Rahul Gandhi said Thursday.

Why is Indian tycoon Gautam Adani facing US bribery charges?

The business empire of Gautam Adani is again in turmoil after the billionaire Indian tycoon was charged in the United States with paying exorbitant bribes to secure lucrative government contracts.

Banana taped to a wall sells for $6.2 mn in New York

A fresh banana taped to a wall -- a provocative work of conceptual art by Italian artist Maurizio Cattelan -- was bought for $6.2 million on Wednesday by a cryptocurrency entrepreneur at a New York auction, Sotheby's announced in a statement.

Asian markets mixed as Nvidia falls short of hopes, eyes on Trump

Asian markets were mixed Thursday as another blockbuster earnings from chip titan Nvidia smashed forecasts but still left investors disappointed, while sentiment was also being swayed by geopolitical concerns.

Civil war economy hits Myanmar garment workers

As civil war pounds Myanmar's economy and drives up prices, garment worker Wai Wai often starts her shift making clothes for international brands on an empty stomach.

Archegos founder jailed for 18 years for massive fraud: US media

The founder of US investment firm Archegos, Bill Hwang, was jailed for 18 years on Wednesday for a multibillion-dollar fraud that contributed to the fund's 2021 implosion, US media reported.

Nvidia crushes earnings expectations on AI chip demand

US chipmaking behemoth Nvidia said Wednesday it made a $19 billion profit on record high revenue last quarter as demand continued for its hardware to power artificial intelligence.

US Fed official warns against cutting rates 'too quickly'

The US Federal Reserve should be careful not to cut rates "too quickly" and risk reigniting stubborn inflation, a senior bank official said Wednesday.

Arnault family to complete Paris FC takeover 'in coming days'

The family of France's richest person, Bernard Arnault, will complete the acquisition of Paris FC "in the coming days", the Ligue 2 club's president said during a press conference Wednesday.

'Rust' premieres three years after on-set shooting death

The Western "Rust" got its world premiere on Wednesday at a Polish film festival, three years after its cinematographer was killed in an on-set shooting.

Sawt Falasteen - Economy (English)