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.

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Cocoa price surge eats into Barry Callebaut sales volumes

The world's top industrial supplier of chocolate, Barry Callebaut, reported Thursday a dip in sales volumes in its latest quarter as a jump in cocoa prices bit into demand.

Romania faces down Vuitton for 'stealing' its beloved blouse

Villagers in Vaideeni at the foot of Romania's Carpathian mountains are fuming at French luxury brand Louis Vuitton for "stealing" the design of their traditional blouse.

In the heart of Mauritania's desert, a green oasis cultivates equality

For the residents of Maaden, a green oasis nestled in the depths of the vast Mauritanian desert, communal living, spirituality and sustainable agriculture are the keys to a harmonious existence.

China building more wind, solar capacity than rest of world combined: report

China is building almost twice as much wind and solar energy capacity as every other country combined, research published Thursday showed.

Asian markets track Wall St records after Powell hints at rate cut

Asian stocks on Thursday tagged along with a Wall Street rally that saw another round of record highs as bets on a September interest rate hike surged following comments by Federal Reserve boss Jerome Powell.

Ghost Cyprus resort bears scars of half-century of division

Once Cyprus's premier beach resort, the abandoned hotels and villas of Varosha stand testament to dashed hopes of reclaiming lost property after five decades of division and failed diplomacy.

Water shortages worsen as funding dries up for northwest Syria displaced

Hussein al-Naasan struggles to provide water for his family in the scorching summer, as aid funds have dried up and conditions deteriorated in impoverished displacement camps in Syria's rebel-held northwest.

AI accessibility? Blind gamer puts ChatGPT to the test

Japanese eSports gamer Mashiro is blind and often relies on a companion to get around Tokyo -- but he hopes that artificial intelligence, hailed as a promising tool for people with disabilities, can help him travel alone.

CNN plans to launch paid streaming service, cut 100 jobs

CNN, which has struggled amid the decline of the US cable broadcasting industry, plans to launch a new paid streaming service and to cut about 100 jobs, the company's CEO said Wednesday.

US tightens steel, aluminum import rules to curb China tariff evasion

The United States unveiled stricter rules Wednesday on steel and aluminum imports from Mexico, moving to prevent China-origin goods from avoiding tariffs.

Europe's drinking water contamined by 'forever chemical': NGOs

A large sample of European drinking water has detected a substance linked to "forever chemicals" used in pesticides and refrigeration, a coalition of non-governmental organisations said Wednesday.

Public to get rare glimpse of Buckingham Palace balcony room

The room behind Buckingham Palace's famous balcony opens to the public for the first time next week, giving a rare glimpse into one of the royal residence's inner sanctums.

Europe stocks advance after Wall Street records

Europe's stock markets rose Wednesday following a record-breaking Wall Street performance after US Federal Reserve chief Jerome Powell hinted at interest-rate cuts later this year.

'Fed up': Dinar currency ban bites in Kosovo

In the central Kosovo town of Gracanica, posters advertising "10 euro return tickets" to Serbia flutter on the walls as ethnic Serbs wearily organise trips across the border to collect their pensions.

South Korea Samsung union declares 'indefinite' strike

A union representing tens of thousands of workers at Samsung Electronics in South Korea said Wednesday it would extend a three-day strike indefinitely in a bid to force management to negotiate.

Music catalog fund Hipgnosis sold to Blackstone

Shareholders of Hipgnosis Songs Fund, which in recent years made waves by helping popularize music rights as an asset class, have voted to accept a $1.6 billion takeover from US private equity firm Blackstone, filings showed Tuesday.

Europe's Ariane 6 rocket successfully launches for first time

Europe's new Ariane 6 rocket successfully blasted off for the first time on Tuesday, releasing satellites into orbit and restoring the continent's independent access to space.

Meta to pull posts targeting 'Zionists' for harm

Meta on Tuesday said it will start removing posts that label Jews "Zionists" and target them for harm.

Bordeaux relegated to third tier amid Fenway takeover talks

Cash-strapped Bordeaux, who are in talks with Liverpool owners Fenway Sports Group, were provisionally relegated to the third division on Tuesday because of lack of financial guarantees, the French football league (LFP) announced.

US stocks steady before Powell's Fed testimony; Europe falls

New York shares were mixed Tuesday as traders awaited testimony from Federal Reserve chief Jerome Powell, while Europe's main stock markets were dragged lower by political uncertainty in France.

Fed's Powell says US making 'modest' progress on inflation

The US Federal Reserve is making "modest" progress in its inflation fight, the head of the US central bank told lawmakers Tuesday, on the first of two days of testimony in Congress.

Stocks diverge before Powell's Fed testimony

New York shares were mostly higher Tuesday as traders awaited testimony from Federal Reserve chief Jerome Powell, while Europe's main stock markets fell as investors fretted about the new political landscape in France.

Charity warns about Mediterranean migrant 'emergency'

German charity Sea-Eye on Tuesday said it had come to the rescue of migrant boats five times in 24 hours, which showed "the state of emergency" in the Mediterranean.

European stocks drop before Powell's Fed testimony

Europe's main stock markets slipped Tuesday as investors tracked new political landscapes in France and Britain and looked ahead to testimony from Federal Reserve chief Jerome Powell.

Moody's cuts Kenya debt rating further into junk

Moody's has downgraded Kenya's debt rating further into junk territory and warned the outlook was negative after a wave of protests led the government to abandon proposed tax hikes.

Samsung says 'no disruption' to production despite strike

South Korean tech giant Samsung said Tuesday that production was not being disrupted despite a three-day general strike by thousands of workers.

Asian markets rise ahead of Fed chief's Congress testimony

Asian markets rose Tuesday following gains in US stocks and ahead of Fed chief Jerome Powell's testimony to Congress which will be closely watched for any hints on the timing of rate cuts.

New Sahel bloc leaves West Africa more divided than ever

The creation of a Sahel confederation on Saturday plunged West Africa into an unprecedented crisis that could threaten the free movement of people and goods in the region.

737 MAX: Key dates in US criminal case against Boeing

Here are key dates in the US Department of Justice's ongoing criminal case against Boeing over its 737 MAX airplane, following deadly crashes in 2018 and 2019.

European stocks drop after French election

European stocks fell on Monday as investors digested a left-wing alliance win in French snap polls in which no single group won a majority.

Le Pen and Orban far-right groups unite in EU parliament

Marine Le Pen's party on Monday teamed up with the camp of Hungarian Prime Minister Viktor Orban to launch a new far-right camp in the EU parliament, a day after being dealt a surprise defeat in French elections.

European stocks, euro bounce back after French election

Europe's main equity markets and the euro rebounded from initial losses on Monday as investors digested snap French elections in which a hung parliament appeared the likeliest outcome.

Sawt Falasteen - Economy (English)