Sawt Falasteen - Economy

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Featured

China's economy seen missing target as global shocks bite: AFP poll

China's economy likely grew at a slower pace than the government's target in the third quarter, an AFP survey of analysts shows, as energy, geopolitical and debt crises stoke fears of a global downturn.

World's top cocoa producer aims for a climate-tough bean

Kofi Alexis Amani has watched the trees on his cocoa plantation wilt and sometimes wither as rains became unpredictable and less abundant in Ivory Coast over the past several decades.

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Oil rallies, stocks mostly retreat on Middle East tensions

Oil prices jumped and major stock markets mostly retreated Thursday as investors reacted to fears of widening conflict in the Middle East.

Phasing out teen smoking could save 1.2 mn lives: study

Banning the sale of tobacco to people born between 2006 and 2010 could prevent around 1.2 million deaths from lung cancer by the end of the century, said a modelling study released Thursday.

Japan PM slated to announce plans for 'happiness index'

Japan's Prime Minister Shigeru Ishiba will propose a new happiness index during his first parliamentary policy speech on Friday, local media have reported.

Turkish inflation falls less than expected in September at 49.4%

Turkish annual inflation slowed less than expected in September to 49.4 percent, official data showed Thursday, a figure which analysts said could disappoint central bank officials after a series of interest rate hikes.

Easing inflation lifts profit at UK supermarket Tesco

Supermarket group Tesco, Britain's biggest retailer, said Thursday that net profit gained in its first half as cost pressures eased for consumers and companies.

China wine industry looks to breed climate resilience

At a laboratory in Beijing, purple and green hybrid-species grapes are laid out on a board for testing, part of the strategy China's nascent wine industry is using to try to combat climate challenges.

Tokyo rallies on weak yen, Hong Kong drops after surge

Japanese shares rallied Thursday as the yen extended losses after the country's new prime minister dampened interest rate hike expectations, while Hong Kong fell for the first time in more than a week after a blistering China-fuelled surge.

Dutch airline KLM unveils 'firm' cost-cutting measures

Dutch airline KLM on Thursday announced a sweeping package of "firm" cost-cutting measures it hopes will lead to a boost in operating profits of around 450 million euros ($496 million) "in the short term."

Carpe diem: the Costa Rican women turning fish into fashion

On a beach in Costa Rica, as fishermen land the day's catch, two women are hard at work on a slimy sea bass skin, rubbing, scraping, washing and tanning the hide to turn it into leather.

Senegal looks to aquaculture as fish stocks dwindle

The Senegalese town of Kayar sits on the doorstep of the vast Atlantic Ocean, but it is a farm located further inland that provides part of its fish production.

Climate change, economics muddy West's drive to curb Chinese EVs

China's meteoric rise as the world's powerhouse of electric vehicle production makes Western efforts to curb their exports a tough sell -- and means they could even stifle the fight against climate change, analysts warn.

Argentina's Milei vetoes university budget after huge protests

Argentine President Javier Milei has made good on threats to veto proposed increases to university funding, with the measure made official early Thursday after a day of major student-led protests.

TotalEnergies plans to grow oil and gas production until 2030

French energy giant TotalEnergies has announced plans to increase its oil and gas production until 2030, as it seeks to reassure investors about its fundamentals.

Tokyo rallies on weak yen, Hong Kong reverses after surge

Japanese shares rallied Thursday as the yen extended losses after the new prime minister dampened interest rate hike expectations, while Hong Kong sank for the first time in more than a week after a blistering China-fuelled surge.

Tunisia readies for vote as incumbent Saied eyes victory

Tunisians head to the polls Sunday for a presidential election in which analysts say incumbent Kais Saied is poised for victory with his most prominent critics behind bars.

High childcare costs in US weigh on women's employment

Rising childcare costs in the United States are forcing many parents, often mothers, to work fewer hours or none at all -- fueling concern among voters who feel the pinch in today's economy.

Biden official urges talks as US port strike enters second day

US dockworkers picketed for a second day Wednesday, garnering support from other labor groups as the Biden administration urged shippers to boost their offer to end a damaging strike weeks before the presidential election.

Huge protests in Argentina over public university cuts

Several thousand Argentines joined major student-led protests in Buenos Aires on Wednesday over President Javier Milei's cuts to free university education.

Rally in oil prices loses steam on mixed day for global stocks

A rally in oil prices faded Wednesday as worries over Middle Eastern tensions appeared to recede somewhat while US stock indices eked out gains following solid US jobs data.

Biden official says port strike deal not as far as parties think

Shippers and striking US dockworkers are closer to agreeing on economic terms than they realize, Secretary of Transportation Pete Buttigieg said Wednesday.

Mixed US car sales in Q3 as industry hopes for post-election bounce

US automakers reported mixed US third-quarter sales, pointing to sluggish demand as consumers contend with affordability challenges and wait for lower interest rates to reach the car lending market.

Facing backlash, EU moves to delay deforestation rules

The European Commission on Wednesday proposed to delay by a year a ban on imports of products driving deforestation that has faced pushback from countries around the world.

US private sector adds more jobs than expected in September: ADP

US private sector hiring picked up in September, with employers adding more jobs than anticipated, according to data released Wednesday by payroll firm ADP.

Boys out of critical condition after Zurich stabbings

Three five-year-old boys wounded in a stabbing attack on a group of children in Zurich are no longer in mortal danger, prosecutors said Wednesday.

Spain logs record summer tourism as inflow draws protests

Spain welcomed a record 21.8 million international visitors this summer, official data showed on Wednesday, an influx of tourism that has triggered some protests in the country.

Hedi Slimane quits as Celine's artistic director

Hedi Slimane has quit as artistic director at Celine, the French haute couture house said Wednesday, amid speculation the 56-year-old may fill Karl Lagerfeld's empty chair at Chanel.

Oil prices extend rally on Iran attack

Major stock markets diverged Wednesday, while oil prices extended a rally after Iran's missile attack on Israel fanned fears of a Middle East-wide conflict.

Spain welcomed record number of tourists this summer

Spain welcomed a record 21.8 million international visitors to its shores this summer, official data showed on Wednesday, an influx of tourism that triggered some protests in the country.

France says coming tax hikes on the wealthy to be 'temporary'

France's finance minister promised on Wednesday that the tax hikes the government says are required to bring the country's finances back on track will be targeted at high-income groups and limited in time.

Why are Thailand's roads so deadly?

A horrifying fire on a Thai school bus this week that killed at least 23 people, most of them children, underscores how the kingdom's roads are some of the deadliest in the world.

Oracle to invest $6.5 bn in Malaysian cloud services region

Tech giant Oracle on Wednesday said it plans to invest more than $6.5 billion on cloud services data centres in Malaysia, joining a list of US titans rushing to build up their AI infrastructure in Southeast Asia.

Parkrun marks 20 years of a free weekly jog, run... or walk

When Paul Sinton-Hewitt created Parkrun, only 13 people turned out at a London park. Twenty years on, millions jog, run or walk five kilometres (3.1 miles) every week.

Sawt Falasteen - Economy (English)