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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Belgium flexes its new locally sourced mussels

It is a popular tradition to eat mussels in Brussels but what may surprise many is that none of the molluscs visitors enjoy are locally sourced in Belgium.

Two children dead, six critically injured in UK knife attack

Two children have been killed and nine more injured, six critically, in a knife attack at a dance class in northern England on Monday, police said.

Profits fall at McDonald's as it redoubles value push

Fast food giant McDonald's vowed Monday to win back consumers with better value offerings after it reported a rare sales decline that the company partly attributed to an exodus of inflation-weary low-income consumers.

UK warns of extra £22bn hole in public finances

Britain's Labour finance minister Rachel Reeves declared Monday that the public finances face an extra £22-billion hole inherited from the previous Conservative administration and warned of "difficult decisions" ahead to cut spending or hike taxes.

Stocks rally runs out of puff as focus turns to interest rates

A rally on stock markets lost its legs Monday as investors looked ahead to key interest-rate decisions this week in the United States and elsewhere.

UK facing £22bn hole in public finances: minister

Britain's Labour finance minister Rachel Reeves declared Monday that public finances faced an extra hole of £22 billion inherited from the Conservatives, who warned she was readying tax hikes.

Iowa latest US state to adopt near-total abortion ban

After a year-long legal battle, Iowa became the latest US state to enact a near-total abortion ban on Monday, keeping the charged issue of reproductive rights at the forefront of November's presidential election.

Fibre optic cables targeted in new infrastructure attack in France

France was on Monday probing the possible involvement of ultra-left movements in attacks that paralysed the rail network at the start of the Olympic Games, as new sabotage acts affected fibre optic cables in several areas.

Stock markets mostly rise as focus turns to interest rates

Major stock markets mostly advanced Monday as investors looked ahead to key interest-rate decisions this week in the United States and elsewhere.

French police arrest ultra-left activist after sabotage attacks: source

French authorities have arrested an activist belonging to an ultra-left movement at a site belonging to national rail operator SNCF, days after sabotage attacks paralysed the network at the start of the Olympic Games, a police source said Monday.

Asian markets extend Wall St rally after US data and ahead of Fed

Asian markets rallied Monday, tracking a surge on Wall Street after data showing US inflation slowed further in June stoked hopes the Federal Reserve will cut interest rates.

'Deadpool & Wolverine' opens to 'spectacular' $205 million

New Disney/Marvel comedy "Deadpool & Wolverine" scored a "spectacular" opening in North American theaters this weekend, its huge take of $205 million placing it not just near the top of superhero films but marking the eighth-biggest opening ever, analysts said Sunday.

Paris Olympic opening creator defiant, denies Last Supper reference

The mastermind of the ambitious Paris Olympics opening ceremony on Sunday rejected criticism his boundary-breaking show had gone too far, saying it had created a "cloud of tolerance" and denying any reference to the Last Supper that angered the Church.

Migrant dies on cross-Channel bid, boat continues to England

A migrant died on Sunday trying to cross the Channel from France to Britain on an overcrowded boat but authorities said dozens on the vessel refused to be rescued and continued their journey to England.

Avoid 'sexist' filming of women, Olympics camera operators told

The official Olympics broadcaster has urged camera operators to film men and women athletes in the same way to avoid "stereotypes and sexism" creeping into the coverage, its CEO said Sunday.

Bangladesh students vow to resume protests unless leaders freed

A Bangladeshi student group has vowed to resume protests that sparked a lethal police crackdown and nationwide unrest unless several of their leaders are released from custody on Sunday.

Defying downturn, auction houses bid high on Hong Kong

Three of the world's top auction houses are racing to expand in Hong Kong, eager to woo young Asian buyers even as the global art market retreats from pandemic-era highs.

US to help Amazon nations fight illicit finance, Yellen says

The United States is launching a new initiative to help South American nations disrupt illicit activities that harm the Amazon rainforest, Treasury Secretary Janet Yellen announced Saturday in Brazil.

LVMH's publicity in Olympics ceremony raises eyebrows

LVMH's high profile and highly visible product placement in the Paris Games opening ceremony surprised marketing experts and raises the possibility it could cause problems for the International Olympic Committee with their long-term sponsors.

French high speed train services still disrupted after sabotage

Traffic on three major French high-speed train lines remained disrupted Saturday, a day after saboteurs paralysed much of the rail network ahead of the Olympic Games opening ceremony in Paris.

Bangladesh says student leaders held for their own safety

Bangladesh said three student leaders had been taken into custody for their own safety after the government blamed their protests against civil service job quotas for days of deadly nationwide unrest.

Australia bans uranium mining at Indigenous site

Australia moved Saturday to ban mining at one of the world's largest high-grade uranium deposits, highlighting the site's "enduring connection" to Indigenous Australians.

Trump offers tech sector policy flips ahead of election

Fiercely against social media platform TikTok, cryptocurrency bitcoin and electric cars during his presidency, Republican presidential nominee Donald Trump has recently flip-flopped on several issues that are dear to Silicon Valley.

Spacecraft to swing by Earth, Moon on path to Jupiter

A spacecraft launched last year will slingshot back around Earth and the Moon next month in a high-stakes, world-first manoeuvre as it pinballs its way through the Solar System to Jupiter.

Lady Gaga, Celine Dion add sparkle to star-studded Olympic show

Lady Gaga, Celine Dion and French-Malian singer Aya Nakamura joined dancers, an opera diva and even a heavy metal band in an opening ceremony for the Paris Olympics that sought to proudly showcase French culture with a modern twist.

Airbus and Boeing supremacy secure despite turbulence

Boeing's safety troubles and the Airbus scramble to ramp up production should have left a gap for smaller rivals to challenge their dominatiion of the commercial airliner market.

G20 seeks common ground on taxing super-rich

G20 finance ministers are expected to take a first step towards international cooperation on taxing the super-rich Friday, with a deal in Brazil likely to call for individual nations to strengthen their own measures, rather than delivering a set of unified regulations.

Stocks rise as inflation data boosts rate cut hopes

Major stock markets pushed higher Friday as traders welcomed data showing US inflation is slowing, firming expectations for the Federal Reserve to start cutting interest rates in September.

Spain train driver jailed for 2.5 years over deadly 2013 crash

A Spanish court on Friday sentenced a train driver and a safety director to two-and-a-half years in prison over a 2013 crash that was the nation's deadliest rail disaster in nearly eight decades.

Russian central bank hikes key rate to fight inflation

Russia's central bank raised its key interest to 18 percent on Friday, the sixth hike in just over a year as it seeks to tame soaring price rises.

UK to reveal £20 bn hole in public finances: reports

Britain's new Labour government will announce next week that the country's public finances have an additional hole of around £20 billion ($26 billion), risking tax rises in an upcoming budget, media reported on Friday.

US Fed's favored inflation measure cools further in June

The US Federal Reserve's favored inflation measure eased further in June, according to government data published Friday, in more good news for policymakers ahead of next week's interest rate decision.

Sawt Falasteen - Economy (English)