Sawt Falasteen - Economy

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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.

Macron hosts Saudi's MBS for visit ranging from esports to Mideast

French President Emmanuel Macron welcomes Saudi crown prince and de facto ruler Mohammed bin Salman on Sunday for a two-day visit set to range from esports to the war in the Middle East.

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Boeing rebuts US assertion of possible MAX prosecution, meeting deadline

Boeing has officially contested a Department of Justice determination that the passenger plane giant can be prosecuted for violating a criminal settlement following two fatal 737 MAX crashes, a person familiar with the matter told AFP Thursday.

G7 leaders agree $50 billion loan for Ukraine

G7 leaders agreed Thursday on a new $50 billion loan for Ukraine using profits from frozen Russian assets, support that was welcomed by President Volodymr Zelensky -- though he emphasised the need for more weapons.

LVMH, Accor team up to develop Orient Express brand

French hotel group Accor and luxury goods giant LVMH said Thursday they had entered into a "strategic partnership" to develop the fabled Orient Express brand.

Stocks fall after US Fed rate cut plans

Stock markets mostly retreated on Thursday as traders reacted to political uncertainty in Europe and the US Federal Reserve's plan to only cut interest rates once this year.

Russians shrug off sanctions on dollar, euro trading

Russians on the streets of the capital shrugged off new US sanctions on dollar and euro trading Thursday, claiming they had no need for Western currencies in their heavily targeted economy.

Stocks diverge after US Fed rate cut plans

Stock markets diverged on Thursday as traders reacted to the US Federal Reserve's plan to only cut interest rates once this year.

G7 tussels over abortion as Italy accused of attacking rights

The US pushed back hard Thursday against a reported attempt by Italy to water down a G7 leaders' declaration on abortion by removing a reference to "safe and legal" terminations.

UK's Labour pitches for power with 'wealth creation' pledge

Britain's Labour party launched a "manifesto for wealth creation" Thursday, pledging to get the economy firing again if it wins power in next month's election after 14 years in opposition.

European stock markets falter

European stock markets faltered Thursday following mixed showings by Asia and on Wall Street, as traders reacted to US Federal Reserve signals that it plans only one interest-rate cut this year.

Russian stock market suspends dollar trades after US sanctions

Russia's main stock exchange halted dollar and euro trades on Thursday after the United States hit Moscow with a new package of sanctions over its military offensive in Ukraine.

G7 to agree $50-bn Ukraine loan at Italy summit

G7 leaders were set to agree on a new $50-billion loan for Ukraine as they gathered Thursday for a summit in southern Italy, using the profits from frozen Russian assets.

Why are Chinese electric cars in EU crosshairs?

The European Union said this week it would slap additional tariffs of up to 38 percent on Chinese electric cars from next month after an anti-subsidy probe.

Musk says Tesla shareholders voting for his pay package by 'wide margins'

Tesla CEO Elon Musk said late Wednesday that the electric vehicle company's shareholders were voting to approve his multibillion-dollar pay package by "wide margins" before the ballot had been concluded.

Asian stocks build on Wall St records after US inflation data

Asian traders extended a rally across world markets Thursday as they welcomed figures showing US inflation slowed further last month, tempering concerns about the Federal Reserve's forecast of just one interest rate cut this year.

G7 eyes Ukraine funding plan at Italy summit

G7 leaders gather Thursday for the first day of an Italy summit, seeking to seal a deal on using frozen Russian assets to help war-torn Ukraine.

Tesla in last-minute shareholder sprint for huge Musk pay package

Electric vehicle company Tesla kept up the campaign to win last-minute votes ahead of a Thursday shareholder meeting that will weigh in on CEO Elon Musk's giant compensation package.

'Hurricane hunters:' calm science pilots in eye of the storm

When Hurricane Sally slammed coastal Florida in 2020, US pilot Dean Legidakes was aboard a scientific aircraft flying directly into the storm's core.

US Fed holds interest rates, now sees just one cut this year

The US Federal Reserve left its key lending rate unchanged on Wednesday and penciled in just one rate cut this year, down from the three expected in March after inflation stalled in the first quarter.

S&P 500, Nasdaq at records despite Fed seeing fewer rate cuts in 2024

European and US stocks mostly rose Wednesday after data showed US inflation slowed in May, with Wall Street indices holding onto records even after the Federal Reserve projected fewer interest rate cuts in 2024.

Transgender swimmer Lia Thomas loses legal case over ban

US transgender swimmer Lia Thomas has had a legal case against World Aquatics dismissed by the Court of Arbitration for Sport, swimming's governing body said on Wednesday.

Argentine police pepper spray protesters opposed to Milei reforms

Argentine police used pepper spray Wednesday on demonstrators outside Congress, where lawmakers debated a swath of liberalizing reforms proposed by budget-slashing President Javier Milei.

US Fed holds rates and pencils in just one cut this year

The US Federal Reserve left its key lending rate unchanged on Wednesday and penciled in just one rate cut this year, down from the three expected in March.

Ford says to cut 1,600 more jobs at Valencia factory

US carmaker Ford on Friday said it would seek to cut another 1,600 jobs at its factory near Valencia in eastern Spain, where it already axed 1,100 positions last year.

'Flying taxis' to be tested during Paris Olympics: minister

France's transport minister said Wednesday that so-called "flying taxis" -- large futuristic drones capable of transporting several people -- would be authorised for use on an experimental basis during the Paris Olympics.

FedEx to cut up to 2,000 jobs in Europe

FedEx will eliminate up to 2,000 jobs in Europe as part of a cost-cutting drive in response to lackluster demand, the shipping company announced Wednesday.

Stock markets jump as US inflation cools, with eyes on Fed

Stock markets surged Wednesday after data showed US inflation slowed in May, raising hopes the Federal Reserve will cut interest rates later this year.

France's SNCF to offer high-speed passenger links in Italy

French national rail operator SNCF said Wednesday it planned to offer high-speed passenger services in neighbouring Italy from 2026, competing with rival Trenitalia on its home turf.

US consumer inflation falls ahead of Fed interest rate decision

Fresh US consumer inflation data published Wednesday is unlikely to sway the Federal Reserve's plans to leave its key lending rate unchanged, but could alter how many rate cuts policymakers pencil in for this year.

US consumer inflation falls before Fed interest rate decision

US consumer inflation continued to cool last month, according to US government data published Wednesday, giving the US Federal Reserve some positive news shortly before it publishes its latest interest rate decision.

Olympic anti-racism icon Tommie Smith sees no successors

Famed Olympics protestor Tommie Smith believes modern athletes are less political than before despite the need to continue fighting racism, including in the United States where it "could not get any worse".

European stock markets rebound as focus switches to US

European stock markets rebounded slightly and leading Asian indices closed mixed Wednesday, as attention turned to upcoming US inflation data and the Federal Reserve's interest-rate decision.

Athens Acropolis closes as Greece bakes in heatwave

The Athens Acropolis, Greece's most visited tourist site, was closed to the public during the hottest hours of Wednesday because of a heatwave sweeping the country.

Sawt Falasteen - Economy (English)