Sawt Falasteen - Economy

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VW chief warns carmaker's situation 'more than critical'

Volkswagen's CEO warned Sunday the company was in a "more than critical" state ahead of meetings with the car giant's staff where he will defend the company's savings plans.

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.

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Gaza's overwhelmed undertakers stack 'graves on top of graves'

Undertakers are working like bricklayers in a Gaza cemetery, piling cinder blocks into tight rectangles, side by side, for freshly dug graves.

US to award chipmaker Texas Instruments up to $1.6 bn

The US government said Friday it has signed a preliminary agreement with semiconductor manufacturer Texas Instruments to give the company up to $1.6 billion to help fund new facilities in the country.

Indian doctors step up protests after colleague's brutal murder

Indian doctors stepped up nationwide protests and strikes Friday after the rape and murder of a colleague, a brutal killing that has focused outrage on the chronic issue of violence against women.

Equities surge on strong US consumer data

Japanese stocks surged and markets in Asia strengthened on Friday, tracking substantial gains on Wall Street after encouraging US retail sales data reassured investors about the health of the world's biggest economy.

China's Olympic tennis glory tracks booming middle classes

Zheng Qinwen's historic tennis gold at the Paris Olympics this month followed a decades-long surge in the sport's popularity among China's burgeoning middle class, and her victory is set to boost it even more.

Indonesia leader touts economic success in final state address

Indonesian President Joko Widodo hailed his economic track record on Friday in a final state of the nation address before he leaves office in October after a decade in power.

Asian markets surge on strong US consumer data

Japanese stocks surged and markets across Asia started strong on Friday, tracking substantial gains on Wall Street after encouraging US retail sales data reassured investors about the health of the world's biggest economy.

Meta fends off AI-aided deception as US election nears

Russia is putting generative artificial intelligence to work in online deception campaigns, but its efforts have been unsuccessful, according to a Meta security report released Thursday.

Prince Harry, Meghan in Colombia on anti-discrimination tour

Britain's Prince Harry and his wife Meghan arrived in Colombia Thursday to participate in a series of events against discrimination and cyber-harassment at the invitation of Vice President Francia Marquez.

Big Pharma push back on first Medicare drug price cuts

Major pharmaceutical companies lashed out following a landmark deal unveiled Thursday to cut the costs of 10 key medicines, with some saying the price-setting process was not transparent.

Mpox vaccine maker ready to produce 10 million doses

Danish drugmaker Bavarian Nordic said Thursday it was ready to produce up to 10 million doses of its vaccine targeting mpox by 2025 after the World Health Organization declared a surge in the virus in Africa a global public health emergency.

Ukraine rejects as 'nonsense' alleged role in Nord Stream blasts

Ukraine on Thursday rejected as "absolute nonsense" suggestions it was involved in the 2022 sabotage of the Nord Stream pipelines, which transported Russian gas to Europe via the Baltic Sea.

Walmart lifts earnings outlook after revenues rise

The US retail giant Walmart reported a rise in revenues on Thursday on increased e-commerce and advertising sales, and raised its outlook for the year.

Chinese tech giant Alibaba's quarterly profit shrinks 29 percent

Chinese e-commerce giant Alibaba reported a 29 percent fall in quarterly profit on Thursday as it battles sluggish consumption during an economic slowdown.

Stocks climb tracking inflation, growth data

Stock markets mostly rose Thursday, as easing US consumer inflation buoyed hopes that the Federal Reserve could announce a big interest-rate cut next month, weighing on the dollar.

Global stocks follow Wall Street climb

Markets in Asia and Europe mostly mirrored positive strides on Wall Street Thursday, as easing US consumer inflation buoyed hopes that a big interest rate cut was around the corner, and as economic growth in Japan outpaced expectations.

Bangladesh mob, vowing to 'guard revolution', beats ex-PM's supporters

Mobs vowing to guard Bangladesh's student-led revolution roamed the site of a planned rally for ousted premier Sheikh Hasina on Thursday, beating up some of her suspected supporters with bamboo rods and pipes.

North Korea tour operators hopeful ahead of country's reopening

A Beijing-based North Korea tour operator expressed hopes of fresh business on Thursday following an unexpected announcement that the country would reopen to foreign tourists this winter.

Bangladesh mob beats suspected supporters of ex-PM Hasina after rally call

A mob wielding bamboo rods and plastic pipes beat several suspected supporters of Sheikh Hasina on Thursday, vowing to quash a rumoured rally for the ousted Bangladesh premier outside her childhood home.

China's underwhelming data dampens hope of economic recovery

Chinese industrial production growth slowed in July while unemployment rose, official data showed Thursday, highlighting an uneven recovery in the world's second-largest economy despite recent government measures to try to stimulate expansion.

No bids as house of Myanmar's Suu Kyi auctioned again

The lakeside mansion where Myanmar democracy leader Aung San Suu Kyi spent years under house arrest was put up for auction for the second time on Thursday but once again attracted no bids, AFP reporters said.

Asian stocks follow Wall Street climb

Asian markets mostly mirrored positive strides on Wall Street in early trade Thursday, as easing US consumer inflation buoyed hopes that a big interest rate cut was around the corner and economic growth in Japan outpaced expectations.

Bangladeshi students on guard as exiled PM urges show of strength

Hundreds of Bangladeshi students wielding bamboo rods patrolled the site of a planned gathering Thursday of ousted premier Sheikh Hasina's supporters, vowing to quash any show of strength.

Paul Watson: eco-warrior on the high seas

Veteran anti-whaling campaigner Paul Watson, detained in Greenland pending an extradition request from Japan, has spent decades battling harpoonists and seal hunters in spectacular high seas confrontations.

Iran hackers target Harris and Trump campaigns: Google

Google on Tuesday confirmed that hackers backed by Iran are targeting the campaigns of US presidential rivals Kamala Harris and Donald Trump.

N. Korea finally reopening to international tourists: operator

North Korea will reopen to foreign tourism in December after nearly five years of Covid-triggered closure, two specialized tour operators said Wednesday.

Stocks advance as US inflation data raises rate cut hopes

Global stock markets mostly rose on Wednesday after data showing US consumer price inflation eased last month raised the prospect of a September interest rate cut.

US consumer inflation sees smallest annual rise since 2021

US consumer inflation eased slightly in July, according to government data published Wednesday, its smallest 12-month increase since March 2021 and a positive sign for the Federal Reserve as it weighs cutting interest rates.

Young and old charged over riots point to anger in UK society

Far from the madding crowd in a small court room in southern England, a 13-year girl held her mother's hand as she pleaded guilty to participating in Britain's worst riots in over a decade.

Mars to acquire Pringles maker Kellanova for nearly $36 bn

M&M's and Snickers maker Mars said Wednesday that it would acquire snack food business Kellanova, marking a multibillion dollar agreement set to result in a new industry giant.

Stock markets climb with focus on inflation

Stock markets mostly advanced Wednesday as attention switched to inflation data, notably in the United States, and the outlook for interest-rate cuts.

Foxconn net profit rises in second quarter on AI demand

Taiwanese tech giant Foxconn on Wednesday reported a six percent jump in net profit for the second quarter of the year, driven by strong growth in demand for artificial intelligence servers.

Sawt Falasteen - Economy (English)