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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China to raise retirement age as demographic crisis looms

China said Friday it would gradually raise its statutory retirement age, as the country grapples with a looming demographic crisis and an older population.

Most markets rise as traders gear up for Fed rate cut

Asian markets mostly rose Friday while the yen sat around nine-month highs and gold hit a record after another healthy day on Wall Street as investors gear up for an expected US interest rate cut next week.

Lakes drying up leave Greeks in despair

Lake Koronia, one of largest in Greece, is shrinking after a prolonged drought and a summer of record-breaking temperatures, leaving behind cracked earth, dead fish and a persistent stench.

Boeing workers overwhelmingly vote to strike, reject contract

Boeing workers in the Seattle region overwhelmingly voted to strike Thursday, spurning a contract the embattled aviation giant characterized as a boon for manufacturing staff given the company's stressed financial condition.

Harris, Trump march forward in US battleground states drive

US presidential candidates Donald Trump and Kamala Harris head to key battleground states on Friday, each seeking an edge in a race where they are running neck-and-neck less than two months before voting day.

Most Asian markets rise as traders gear up for Fed rate cut

Asian markets mostly rose Friday and the yen sat around nine-month highs after another healthy day on Wall Street as investors gear up for an expected US interest rate cut next week.

Microsoft cutting more jobs from its gaming unit

Microsoft is cutting about 650 more positions from its gaming unit as it continues to tighten its belt following the blockbuster buyout of "Call of Duty" maker Activision Blizzard.

US says new Apple AirPods can be hearing aids

Apple on Thursday got a green light from US regulators to add a feature that would let upcoming AirPods Pro ear pieces be used as hearing aids, potentially disrupting that market.

ECB rate cut boosts European stocks as Wall Street extends rally

Europe's main stock markets climbed Thursday as the European Central Bank cut interest rates for the second time this year, while Wall Street equities shook off early weakness to also finish higher.

Business groups ask Ottawa to prevent Air Canada strike

Groups representing more than 200,000 businesses across Canada on Thursday urged the government to intervene to block a looming pilot's strike at flagship carrier Air Canada that they say risks devastating the economy.

US clears way for hearing aid feature in new Apple AirPods Pro

Apple on Thursday got a green light from US regulators to add a feature that would let upcoming AirPods Pro ear pieces be used as hearing aids, potentially disrupting that market.

Peru mourns divisive former strongman Fujimori

Peruvians began three days of national mourning Thursday for polarizing former president Alberto Fujimori, who ruled his country with an iron fist and then spent 16 years in prison for crimes against humanity.

PSG refuse League order to pay Mbappe disputed €55 million

Paris Saint-Germain refused Thursday to pay departed striker Kylian Mbappe a disputed 55 million euros ($60.6m) despite a French league (LFP) order to do so earlier in the day.

Fiat 500 electric production pauses for one month

Carmaker Stellantis said Thursday it would halt production of the electric version of its emblematic Fiat 500 in Italy due to weak demand, a move that comes as EV sales have slowed in Europe.

ECB cuts rates again, Lagarde backs EU reform call

The European Central Bank cut its key interest rate again Thursday as inflation cools while president Christine Lagarde urged EU governments to institute sweeping reforms proposed in a "formidable" report by her predecessor Mario Draghi.

ECB rate cut boosts Europeans stocks, euro

Europe's main stock markets and the euro climbed Thursday as the European Central Bank cut interest rates for the second time this year.

Bike-loving Dutch grapple with 'fatbike' phenomena

Dutch transport authorities said Thursday they have seized thousands of illegal electric "fatbikes" imported from China, as the bicycle-loving country grapples with a new craze that has even prompted heated debate in parliament.

ECB cuts rates again as inflation slows

The European Central Bank cut its key interest rate again Thursday as inflation cools but warned of continuing price pressures and gave no indication of the path ahead.

Stocks rally on cooler US inflation, before ECB rate call

Europe's main stock markets rallied Thursday following some strong gains in Asia and on Wall Street thanks to big uplifts for tech shares after data showed US inflation cooling further.

UniCredit CEO says Commerzbank takeover an option: Bloomberg

UniCredit is studying a takeover of Commerzbank, Chief Executive Andrea Orcel said Thursday, a day after Italy's second-largest bank surprised markets by revealing a nine-percent stake in its German rival.

Ireland launches EU privacy probe into Google AI development

An Irish regulator helping to police European Union data privacy on Thursday launched an investigation into Google's artificial intelligence development.

Pakistan police strike after attacks on polio vaccination teams

More than 100 Pakistan police who provide security for polio vaccination teams in restive border areas went on strike Thursday after a string of deadly militant attacks this week.

Markets rally with Wall St after US inflation eases further

A surge in tech firms Thursday helped Asian markets track a Wall Street rally after data showed US inflation at a more than three-year low, reinforcing expectations the Federal Reserve will cut interest rates next week.

Businesses warn Yellen on 'political pressure' over US Steel sale

Major Japanese and American business groups have urged US Treasury Secretary Janet Yellen not to succumb to political pressure when reviewing Nippon Steel's proposed acquisition of United States Steel.

Brazil's Indigenous people hail return of sacred cloak

With the beating of drums and pipes filled with medicinal herbs, the Tupinamba people of Brazil are counting down the final hours of a 335-year wait for the official return of a sacred cloak taken in colonial times.

With inflation slowing, ECB to cut rates again

With inflation slowing and the economic outlook darkening, the European Central Bank is expected to cut interest rates again Thursday but is unlikely to give much away about its next moves.

Asian markets rally with Wall St after US inflation eases further

Boeing faces potential strike as Seattle workers vote

Boeing faces a potentially crippling strike in the Seattle region, depending on how 33,000 workers vote Thursday on a new contract that has angered many employees despite solid wage gains.

On Cuban streets, mid-century icons face challenge from new rides

Brand new Mercedes, state-of-the-art 4x4s, even Teslas: high-end, modern cars have started appearing in Havana, a city whose image is intricately linked to the classic American sedans and Soviet-era Ladas that cruise its streets.

Argentine Congress backs Milei veto of pensions hike

Argentina's Congress on Wednesday upheld President Javier Milei's veto of a bill to increase pensions which sparked clashes outside parliament.

Ghana raises cocoa price by 45% to deter smuggling

Ghana's government on Wednesday announced a 45-percent increase in the producer price of cocoa for the 2024/2025 crop season, in a bid to curb smuggling.

US stocks rebound as market eyes Fed rate cut after inflation data

Semiconductor stocks were among the strongest performers Wednesday as US stocks staged a rebound to finish higher following mixed inflation data.

Sawt Falasteen - Economy (English)