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

Aboriginal ritual passed down over 12,000 years, cave find shows

Two slightly burnt, fat-covered sticks discovered inside an Australian cave are evidence of a healing ritual that was passed down unchanged by more than 500 generations of Indigenous people over the last 12,000 years, according to new research.

Euro, Paris stocks rise as French vote eases fears over far right

The euro rose and Paris equities surged Monday on signs France's far-right would not win enough seats for an overall majority in legislative elections.

Making Olympic timekeepers' bells: a labour of love

The air is stifling hot, with a heavy, metallic smell that sticks in the throat and stings the eyes.

Boeing says to buy subcontractor Spirit for $4.7 billion

US aircraft manufacturer Boeing said Monday it had reached a "definitive deal" to buy its subcontractor Spirit, which has faced scrutiny over production quality control in recent months.

China's adopted children return from overseas to seek their roots

At an empty concrete lot in southwest China, Loulee Wilson scoops a handful of stones into a bag –- a memento from the site where she believes she was abandoned as a baby.

Euro edges up on easing worries about French election

The euro rose against the dollar Monday on signs France's far-right would not win enough seats for an overall majority in legislative elections.

Vote-ready UK waits to scoop up Brexit boost

Eight years after Britain voted for Brexit, businesses still lament economic fallout caused by the country's departure from the European Union, with little prospect of change after this week's election.

Fighting rages in Gaza City's Shujaiya for fourth day

Heavy battles and bombardment hit Gaza City's Shujaiya district for a fourth day on Sunday, months after the Israeli army declared Hamas's command structure dismantled in the northern area.

Turkey's Pride Week 'more about resistance than celebration'

For Iris Mozalar, a young transgender woman living in Istanbul, Pride Week is "more about resistance than celebration" under Turkey's conservative government, which is openly hostile towards the LGBTQ community.

Vietnam economy expands 6.4 percent in first half of year

Vietnam's economy grew by more than six percent in the first half of 2024, government figures showed Saturday, as analysts said more reforms are needed to further boost the economy.

Biden, Trump battle for blue-collar voters as steel merger looms

Working class voters in Rust Belt cities like Pittsburgh used to favor Democrats overwhelmingly, but years of economic hardship and the rise of social issues favoring Republicans have made them a swing constituency again in 2024.

Union says Boeing penny-pinching has hurt supply chain

Boeing's practice of aggressively pressuring suppliers on costs has damaged its own supply chain, contributing to the aviation giant's current woes, a top union negotiator told AFP this week.

Global stocks mixed as elections heat up

Equity markets were mixed Friday as investors assessed fallout from a bumpy US presidential debate and looked ahead to weekend elections in France that could boost the far right.

NASA insists Boeing Starliner crew 'not stranded' on ISS

The first astronauts to fly Boeing's troubled Starliner are definitely not "stranded" at the International Space Station, NASA insisted Friday despite having no clear timeframe for bringing them home.

World 'failing' to meet development goals: UN chief

War and funding shortfalls have hampered progress toward the United Nations' flagship development goals which include action to combat climate change, the organization's Secretary-General Antonio Guterres warned on Friday.

French court rules Ravel sole author of 'Bolero'

A French court on Friday ruled that "Bolero", one of the best-known classical music pieces in the world, was written by Maurice Ravel alone, a decision with major financial implications.

Mexico shelters offer safe haven for LGBTQ migrants

Shirlei Vazquez, a trans woman, fled Guatemala after being assaulted and threatened, joining a growing number of LGBTQ migrants heading north in hopes of a better life in the United States.

Paris Airbnb goldrush ends as Olympics approach

Parisians looking to pocket a fortune by renting out their apartments to tourists visiting the French capital for the Olympics have been left disappointed as prices crash close to the start of the Games.

EU further scrutinises Microsoft, OpenAI tie-up

The EU will examine the impact of Microsoft's multi-billion-dollar partnership with ChatGPT developer OpenAI on competition in the fast-growing AI market, the bloc's antitrust chief said Friday.

Inflation data cheers Wall Street, French stocks slump

Wall Street stocks climbed Friday after data showing cooling US inflation raised hopes of an interest-rate cut, while French equities slid before a weekend election that could see strong gains for the far right.

Inflation data cheers Wall Street

Wall Street stocks climbed Friday after data showing cooling US inflation raised hopes of an interest-rate cut, while French equities slid before a weekend election predicted to see strong gains for the far right.

US Fed's favored inflation measure cools slightly in May

The US Federal Reserve's favored measure of inflation eased slightly in May, according to government data published Friday, as goods prices cooled.

Stock markets mostly rise before US inflation, amid vote activity

Stock markets mostly climbed and the dollar diverged Friday awaiting key US inflation data and with focus on upcoming global elections and yen weakness.

Embezzlement-accused French media scion reinstated as CEO

French media baron Arnaud Lagardere, who resigned from running the sprawling group of the same name in April over embezzlement charges, was reinstated as chief executive Friday after a favourable court decision, the company said.

Lanvin picks seasoned veteran Peter Copping as artistic director

Historic French fashion label Lanvin has named Britain's Peter Copping, who has worked with Nina Ricci, Oscar de la Renta, Balenciaga and Louis Vuitton, as its new artistic director.

France makes multibillion-euro gamble on Olympic gold

France is facing a bill of almost nine billion euros for hosting the Paris Olympics but top officials say the financial fallout could be more "psychological" than economic.

Hard up UK voters driven to political fringes by cost of living

When James Rossi left Britain's armed forces in 2010 -- the same year the Conservatives came to power -- he had high hopes, including of getting on the property ladder.

Xi says China planning 'major' reforms ahead of key political meeting

Chinese President Xi Jinping said Friday that the ruling Communist Party was planning and implementing "major" reforms, ahead of a closely watched political conclave that is expected to put economic recovery high on the agenda.

South Korea's skyscraper window cleaner with a fear of heights

For nearly thirty years, Seo Seung-ho has cleaned the windows of some of South Korea's tallest buildings. It's a reliable, well-paying job. There's just one problem: He's scared of heights.

Pakistan's first Olympic markswoman guns for historic medal

Slowing her breath and focusing on a bullseye in her pistol's sights, Kishmala Talat is aiming to become the first woman from Pakistan to win an Olympic medal.

Yen weakens further to put focus on Tokyo, Asian equities rise

The yen extended losses to a fresh 38-year low Friday, putting investors on guard for a possible intervention by Japanese authorities ahead of the release of key US inflation data later in the day.

Nike shares tumble on tepid outlook as CEO eyes Olympics marketing win

Nike reported higher profits due to cost-cutting efforts Thursday, but shares fell sharply on the company's tepid outlook despite a hoped-for boost from the upcoming Olympic Games.

Sawt Falasteen - Economy (English)