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.

Last news

Asian stocks drop as China support plan falls flat, bitcoin hits record

Asian markets fell Monday after China's keenly anticipated plans to support the world's number two economy fell short of expectations, while traders were also keeping tabs on Washington as Donald Trump puts his cabinet together after last week's election win.

Taylor Swift triumphs at MTV Europe Music Awards dominated by female artists

Taylor Swift led the way at the 2024 MTV Europe Music Awards in Manchester on Sunday, picking up four awards on a night dominated by female artists, including Tyla and Sabrina Carpenter.

'Venom' stays potent, again leading N.America box office

Sony's "Venom: the Last Dance," extended its streak atop the North American box office with an estimated haul of $16.2 million on a notably slow weekend, industry watcher Exhibitor Relations reported Sunday.

Mauritius votes in election clouded by wire-tapping scandal

Mauritius was voting Sunday in a close-fought parliamentary election, with police at polling stations as the opposition warned about the risk of fraud in a nation touted as one of Africa's most stable and prosperous democracies.

Trump victory poses challenges for the Fed's independence

Donald Trump's return to the White House could put the independence of the US Federal Reserve under strain, potentially weakening its ability to fight against inflation and unemployment free from political interference.

US farmers gird for trade wars on Trump tariff pledges

Donald Trump's first White House term saw a bruising trade war with China that left a lingering impact on farmers -- and many are bracing for further fallout as the President-elect threatens higher levies on Beijing.

Economic woes sour prospects for China's dairy farmers

Farmer Liu Bingyong used to make a tidy profit selling milk but is now leaking cash -- the victim of a dairy sector crisis that embodies several of China's economic woes.

Mauritius votes in close-fought election race

Mauritius votes on Sunday in a tight election race that has been clouded by a wire-tapping scandal in a nation usually touted as one of Africa's most stable and prosperous democracies.

A 'jungle': Rome's teeming jail lays bare Italy's prison ills

Traces of black soot still mark the facade of the Regina Coeli jail, a reminder of the latest riots in Rome's infamous lock-up -- now emblematic of long-standing troubles plaguing Italy's prison system.

Top art collector displays rare treasures in Madrid

After visiting Europe 60 years ago as a penniless art aficionado, Juan Antonio Perez Simon overcame hardship to amass a remarkable collection, which is on display for the first time in Madrid.

Boeing to face civil trial over 2019 MAX crash

Beleaguered aviation giant Boeing is set to confront another hurdle next week when it faces a civil trial over the March 2019 Ethiopian Airlines crash that killed 157 people.

UK rules drivers on Bolt ride-hailing platform are employees

UK drivers using the Bolt ride-hailing platform should be considered employees and have access to rights such as the minimum wage and paid holidays, an employment tribunal ruled Friday.

US stocks hit fresh records as European bourses retreat

Wall Street stocks closed at fresh records Friday, extending a post-election rally while European equities pulled back as investors weighed the impact of Donald Trump's presidential election win.

After Trump victory, EU leaders vow 'urgent' economic reform

EU leaders on Friday pledged to overhaul the bloc's economy with radical changes recommended in a landmark report, in reforms that have taken on greater urgency with Donald Trump winning back the White House.

European businesses brace for Trump return

The return of Donald Trump and his protectionist agenda to the White House will likely rock US trade relations with the world, including Europe.

Resilient but threatened, Kenya celebrates Maa culture

The Maa Festival celebrates one of the best-known parts of Kenya's culture, which has been remarkably resilient even as it is strained by modernisation and climate change.

Stock markets waver after US election rally, rate cut

Wall Street shares mostly rose but global stock markets fell on Friday following rallies this week as investors weighed the impact of Donald Trump's presidential election win and efforts to prop up China's economy.

Cartier owner's profit sinks as China sales slump

Cartier owner Richemont posted Friday a hefty drop in net profit for the first half of the year as watch sales sank in China, where weak consumer spending has hit the luxury sector.

Stocks falter tracking US, China policy updates

European and Asian stock markets mostly retreated Friday as US and China policy updates cause concern about growth outlooks in the world's two biggest economies.

After Trump win, EU leaders tackle 'urgent' reform agenda

Reforming Europe's economy is all the more urgent following Donald Trump's US election win, warned the author of a blockbuster report, Mario Draghi, ahead of talks Friday with EU leaders in Budapest on tackling the challenge.

France expects massive slump in 2024 wine harvest

Unfavourable weather has likely slashed France's 2024 wine harvest by 23 percent compared to the previous year, the agriculture ministry said in an estimate published Friday.

China passes energy law to 'promote carbon neutrality'

China on Friday passed a new energy law to promote carbon neutrality, state media reported, as Beijing moves ahead with its pledge to decarbonise its economy by 2060.

China unveils sweeping local govt debt swap to lift ailing economy

China on Friday unveiled some of its most ambitious plans in years to lift local government debt and boost its economy, following a meeting of lawmakers eyeing the possibility of intensified trade tensions with US president-elect Donald Trump.

China to raise local govt debt ceiling to boost struggling economy

China said on Friday lawmakers had agreed to raise the local government debt ceiling by $840 billion, opening up new funds for its ailing economy as they eye the possibility of intensified trade tensions with US president-elect Donald Trump.

Climate change poses multiple risks for banks

Climate change poses risks to banks on several levels: it can directly impact their finances, tarnish their image and land them in the courtroom.

Sony quarterly net profit jumps but forecast unchanged

Sony's net profit jumped in the second quarter thanks to stronger sales in gaming, music and imaging sensors, the PlayStation maker said Friday but left its annual profit forecasts unchanged.

Pharrell Williams to bring star power to Web Summit tech event

Singer Pharrell Williams is due to kick off one of Europe's biggest tech events on Monday, the Web Summit in Lisbon, with organisers keen to move on from last year's edition when several big firms pulled out.

On Kinshasa's streets hairdressers make a quick buck

Standing in a makeshift salon on the side of a dusty backstreet in Democratic Republic of Congo capital Kinshasa Papy Kalume pulled a fresh razor out of his bag.

China poised to approve more help for ailing economy

China is expected to unveil a huge support package for the struggling economy Friday as officials wrap up a key meeting with an eye on the possibility of intensified trade tensions with US president-elect Donald Trump.

Undocumented immigrants in US 'terrified' as Trump returns

Since learning that Donald Trump will return to the White House, undocumented immigrant Angel Palazuelos has struggled to sleep.

US Fed chair says will not leave early if asked by Trump

US Federal Reserve Chair Jerome Powell said Thursday that he would not resign if asked to leave early by President-elect Donald Trump.

US Fed cuts interest rates a quarter point after Trump victory

The US Federal Reserve shrugged off concerns about the impact of Donald Trump's election victory on interest rates and moved ahead with a quarter point cut on Thursday, looking to continue easing borrowing costs on the back of cooling inflation.

Sawt Falasteen - Economy (English)