Sawt Falasteen - Economy

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Featured

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.

Last news

Elon Musk's X sues advertisers over boycott

Elon Musk's X sued an advertising group and several large corporations on Tuesday accusing them of causing billions of dollars of losses by "illegally" boycotting the social media platform.

Stocks bounce back after rout but jitters remain

Wall Street stocks sought to rebound on Tuesday following a global rout fuelled by US recession fears, but analysts warned that market volatility is unlikely to be over.

Olympic sponsor Coca-Cola under scrutiny for widespread plastic use

The Paris Olympics organising committee said Tuesday it would meet its target to reduce single-use plastics by half compared to the 2012 London Games despite bottles by major sponsor Coca-Cola being widely used on its sites.

US trade gap narrows less than expected in June

The US trade deficit narrowed slightly less than analysts anticipated in June, according to government data released Tuesday, helped by an uptick in exports.

European stocks steady, Tokyo soars after rout

European stock markets steadied Tuesday after Asian indices enjoyed some rebounds from a global rout fuelled by US recession fears.

Saudi Aramco quarterly profit dips as output stays low

Saudi oil giant Aramco on Tuesday reported net profit of $29.07 billion in the second quarter, a slight drop from the same period last year as output remained subdued.

Mask festival brings 'buzz and beauty' to Benin's capital

Spectators poured into Benin's capital for a new festival celebrating traditional masks over the weekend as the West African country seeks to attract visitors and showcase its cultural heritage.

Tokyo's Nikkei index closes up 10.2% after previous day's record fall

Tokyo's key Nikkei index closed more than 10 percent higher Tuesday, bouncing back from a record selloff the previous day on worries over the US economy and a stronger yen.

Tokyo stocks surge after previous day's record fall

Tokyo stocks surged Tuesday following a record selloff the previous day that was fuelled by worries over the US economy and a stronger yen.

Tokyo stocks surge 8% after record fall

Tokyo stocks bounced back in early trade Tuesday following a historic selloff on worries over the US economy and a stronger yen.

Ugly day for global stocks across Wall Street, Europe, Nikkei

Global markets were a sea of red Monday, with Japan's Nikkei suffering an historic drop and New York falling hard in a pullback attributed to economic unease and fallout from recent monetary policy shifts.

Fed under pressure to cut rates as market turmoil continues

The ongoing global stock sell-off has fueled calls for the US Federal Reserve to lower interest rates swiftly and decisively, with some analysts now calling for it to make an emergency cut before its September rate decision.

Toulon rugby follows FFR in suspending Jaminet after racist comments

French rugby club Toulon said on Monday they had temporarily suspended full-back Melvyn Jaminet for making racist comments, in line with his 34-week ban from the French Rugby Federation (FFR).

Boston archbishop, ally of sex abuse victims, retires

US Cardinal Sean O'Malley, known for championing survivors of sexual abuse and pushing the Catholic Church to reform, is stepping down as the Archbishop of Boston, the Vatican announced Monday.

Turkish president slams social media 'fascism' amid Instagram battle

Turkish President Recep Tayyip Erdogan accused social media networks of "fascism" and censorship on Monday as his government blocked Instagram for a fourth day.

Stocks hammered as US data fans recession fears

Tokyo led a plunge across Asian and European stock markets Monday, after weak US jobs data fanned fears of a recession in the world's top economy and boosted bets on several Federal Reserve interest rate cuts.

German chip maker Infineon to cut 1,400 jobs

German chip maker Infineon said Monday it will slash 1,400 jobs and relocate 1,400 more due to a tough market environment, as it announced falling profits and downgraded its outlook.

TikTok, bowing to EU, withdraws rewards programme

TikTok will permanently remove a feature in a spinoff app in France and Spain that rewards users for watching and liking videos, bowing to pressure from European regulators, the EU and the Chinese-owned company said Monday.

Stocks hammered after US data fans recession fears

Tokyo led a collapse across Asian and European equities Monday, after weak US jobs data fanned fears of a recession in the world's top economy and boosted bets on several Federal Reserve interest rate cuts.

Indonesian growth slows in second quarter

Indonesia's economy grew more slowly in the second quarter of 2024 despite being supported by spending on religious holidays and increased household consumption, the country's statistics agency said on Monday.

Former England batsman Thorpe dies aged 55

Former England batsman and coach Graham Thorpe has died at the age of 55, the England and Wales Cricket Board (ECB) announced on Monday.

Greek islands and tourists search for 'balance' amid summer crush

When Frenchwoman Nadia Romon picked the island of Hydra for her Greek holiday, she was looking for "authenticity" far from the crowded summer circus.

Cambodia PM launches project linking Mekong river to sea via canal

Cambodia's Prime Minister Hun Manet on Monday launched a controversial $1.7 billion canal project that aims to provide a new link from the Mekong River to the sea.

Shah Rukh Khan to be honoured at Locarno Film Festival

Switzerland's Locarno Film Festival opens on Wednesday with Shah Rukh Khan, Jane Campion, Alfonso Cuaron and Irene Jacob set to be honoured with special awards.

Pope, plugging for books, reveals his love for tragedies

Pope Francis's bookish side emerged Sunday, after the Vatican published a letter in which the pontiff encourages young priests to read --- while revealing that he himself likes the great tragedies.

Foreign nationals told to leave Lebanon as war fears surge

Urgent calls for foreign nationals to leave Lebanon grew on Sunday with France warning of "a highly volatile" situation as Iran and its allies ready their response to high-profile killings blamed on Israel.

EV transition worries French car industry workers

As France faces a 2035 deadline to phase out new combustion engine cars, workers in the industry worry their days might be numbered too.

'I'm still here': Joan Chen plays thwarted immigrant mom in 'Didi'

Long before Joan Chen charmed Western audiences with seductive turns in "The Last Emperor" and "Twin Peaks" she was a child star in China, hand-picked for her debut movie role by Mao Zedong's wife.

French director accused of abusing underage actor to stand trial

A French magistrate has ordered film director Christophe Ruggia to stand trial on charges of sexually assaulting an actor when she was a minor, sources close to the case said on Saturday.

Far-right protesters clash with police as UK unrest spreads

Far-right protesters clashed with British police during tense rallies on Saturday as unrest linked to misinformation about a mass stabbing that killed three young girls spread across the UK.

'I want to inspire': Algeria's woman boxer fighting prejudices

Born in a poor village some 300 kilometres from Algiers, boxer Imane Khelif had to overcome obstacles in a conservative country where women are considered unfit for the sport.

Deep sea mining opponents suffer major setback

Opponents of deep sea mining suffered a serious setback Friday when they failed to take a first step toward an international moratorium on the controversial practice.

Sawt Falasteen - Economy (English)