Sawt Falasteen - Economy

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Featured

Sao Tome's niche vanilla finds far-away fans

The plump, bright-green vanilla pods growing in tiny Sao Tome's vast leafy plantations may well end up in some of Europe's finest dining.

Higher borrowing costs an 'alarm signal' for France: finance minister

The higher interest rates on France's government debt are an alarm signal for the country even though Paris retains the confidence of bond investors, the country's finance minister said Wednesday, as concerns grow over the sustainability of the French budget.

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Peru's Chancay: China's megaport of entry to South America

Huge cranes loom over Peru's massive new Chinese-funded Chancay port, a symbol of Beijing's growing influence in South America which is set to be inaugurated by President Xi Jinping on Thursday.

Lindt melted own 'excellence' claim in US lawsuit: reports

In a bid to dodge a US lawsuit, Swiss chocolatier Lindt & Sprungli has scuppered its own claims about the excellence of its products -- a cornerstone of its marketing strategy.

'London's best-kept secret': UK's largest wholesale market turns 50

By the time most Londoners had rolled out of bed on Monday morning, Gary Marshall was already winding down for the day at New Covent Garden Market.

Mauritius prime minister concedes election defeat

The Mauritius opposition appeared to be headed for victory in legislative elections after Prime Minister Pravind Jugnauth on Monday conceded defeat.

China says to impose anti-dumping measures on EU brandy

China said Monday it will impose "temporary anti-dumping measures" on brandy imported from the European Union, deepening a trade standoff between Beijing and Brussels after similar measures last month.

Mauritius awaits results of tense election race

Mauritians are set to find out Monday who will govern their Indian Ocean island nation for the next five years after a hotly disputed election race.

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

Most Asian markets fell Monday after China's keenly awaited 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.

White truffles, Italy's gold, menaced by climate change

Deep in a thick forest in Italy's northwestern Piedmont region, the hunt is on for the white Alba truffle, with excited dogs zigzagging and digging into the wet earth.

China's 'Singles Day' shopping spree in spotlight as spending flags

China's largest online shopping bonanza wraps up on Monday, with analysts and investors watching for signs that consumption is rebounding in the world's second-largest economy after recent efforts by Beijing to boost activity.

Mauritius awaits results of close-fought vote

Mauritians are set to find out Monday who will govern their Indian Ocean island nation for the next five years after a hotly disputed election race.

Japan's record number of women MPs still minority

New lawmaker Saria Hino takes her seat on Monday as one of a record number of women in Japan's parliament, but while campaigning ahead of the recent election, a voter asked her: "Who's looking after your children?"

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.

Sawt Falasteen - Economy (English)