Sawt Falasteen - Economy

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Featured

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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Nigeria unions in talks on second day of strike

Nigerian union leaders on Tuesday held talks over a government offer to increase the minimum wage on the second day of a nationwide strike that has disrupted flights and closed down public offices.

TSMC votes for chief executive CC Wei to also become chairman

TSMC's board of directors on Tuesday unanimously elected chief executive CC Wei to succeed Mark Liu as chairman of the chip titan.

Most Asian markets turn lower as US data sparks economy worries

Markets mostly fell Tuesday on signs of weakness in the US economy, even as the data boosted hopes for an interest rate cut, while Mumbai tumbled as it appeared India's prime minister would not win as big an election victory as expected.

Intel unveils new chip tech in AI battle with Nvidia, AMD

US chip titan Intel on Tuesday struck a defiant tone in the face of strong challenges from rivals Nvidia, AMD and Qualcomm, unveiling technologies it said would lead the artificial intelligence revolution.

Asian markets in reverse as US data spark economy worries

Asian markets fell Tuesday as traders were spooked by signs of weakness in the US economy, even as the data boosted hopes the Federal Reserve will cut interest rates this year.

Global markets mixed as oil prices slump on OPEC+ plans to unwind cuts

Global markets finished mixed on Monday, as traders on Wall Street attempted to look beyond weaker than expected manufacturing data, and markets reacted to falling oil prices.

Nigeria union strike shuts power grid, schools, disrupts flights

Nigerian labour unions shut down the national power grid and disrupted flights Monday as they began an indefinite strike that closed schools and public offices after failing to strike a new minimum wage deal with the government.

'Manterrupting': French PM under fire over surprise debate appearance

France's prime minister on Monday faced accusations of deliberately seeking to eclipse the head of the ruling party's list in European elections when he unexpectedly appeared on a stage where she was taking part in a radio debate.

Canadian investment group buys French club Saint-Etienne

Canadian investment group Kilmer Sports Ventures (KSV) have acquired former French footballing giants Saint-Etienne on Monday a day after the club returned to Ligue 1.

Oil prices slump as OPEC+ plans to start unwinding cuts

Oil prices slid Monday as the OPEC+ group of major crude producers signalled they would start to unwind output cuts later this year, with softer than expected US manufacturing compounding fears of weakening global oil demand.

Oil prices fall as OPEC+ plans to unwind cuts

Oil prices fell Monday as the OPEC+ group of major crude producers signalled they would start to unwind output cuts later this year.

Microsoft to invest $3.2 bn in AI in Sweden

Microsoft said Monday that it would invest 33.7 billion kronor ($3.2 billion) over two years in cloud and artificial intelligence infrastructure in Sweden, its biggest investment in the country.

France charges artist over MeToo graffiti on notorious painting

French authorities have charged the prominent French-Luxembourgish performance artist Deborah de Robertis over the spraying of the words "MeToo" on five artworks including a famous 19th-century painting of a woman's vulva, a prosecutor said Monday.

Stock markets firm on renewed US rate cut hopes; gas price jumps

Equity markets rose Monday as a dip in US inflation revived hopes the Federal Reserve would cut interest rates this year, while Mumbai was boosted by expectations that India's Prime Minister Narendra Modi would secure a third term.

UK Tories vow to change law to define sex as biological

UK government minister Kemi Badenoch said Monday that her Conservative party would amend the country's equality law if they win next month's general election so that biological sex alone would determine who could use single-sex spaces.

Sport gives maimed Ukrainian veterans 'new goals', says Shevchenko

Sport has given Ukrainian veterans maimed in the war with Russia "new dreams and goals to aspire to", Ukraine football legend Andriy Shevchenko has told AFP.

Homeowners and housebuilders pin hopes on ECB rates cut

In the west Frankfurt suburbs on a plot wedged between a motorway and a wooded park, excavators are preparing the ground for 400 new apartments.

Stock markets rally on renewed US rate cut hopes

Equity markets rallied Monday as a dip in inflation revived hopes the Federal Reserve will cut interest rates this year, while Mumbai was boosted by expectations India's Prime Minister Narendra Modi would win a third term.

Claudia Sheinbaum: cool-headed scientist who will lead Mexico

Claudia Sheinbaum, the former city mayor elected Mexico's first woman president, is an environmental scientist and dedicated leftist known for keeping a cool head in times of crisis.

Airlines eye 'new frontier' of AI ahead of global summit

Airlines may not be replacing pilots with artificial intelligence anytime soon, but aviation industry experts say the new technology is already revolutionising the way they do business.

ECB to start rate cuts but sticky inflation clouds path ahead

The European Central Bank is expected to begin cutting eurozone interest rates from historic highs this week, but sticky inflation means the move is unlikely to kickstart a rapid easing cycle.

Asian markets rally on renewed US rate cut hopes

Asian markets rallied and the dollar weakened on Monday as a closely watched US inflation gauge dipped in April, reviving hopes that the Federal Reserve will cut interest rates this year.

Sri Lanka monsoon floods kill 14, schools shut

Flash floods, mudslides and falling trees have killed at least 14 people in Sri Lanka as the island nation is battered by monsoon storms, the country's disaster centre said Sunday.

'They must find work': Germany pushes jobs for Ukraine refugees

Like a million of her compatriots, hairdresser Valentyna Vysotska fled Ukraine for Germany when Russia invaded. After a 10-month crash course to learn German, she found work, at a hair salon in Berlin.

EU readies for elections with far-right set to surge

EU voters go to the polls in a week's time, with far-right, nationalist parties expected to do well in the bloc's next parliament in a time of social and geopolitical uncertainty.

Meet Neo Px: the super plant that attacks air pollution

It may look like an innocent green plant, but its name evokes something far closer to a robot or interstellar rocket.

I.Coast's ex-president Bedie buried 10 months after death

Ivory Coast's former president Henri Konan Bedie was laid to rest Saturday in his native village 10 months after his death.

South Africa's ANC loses majority, needs allies

South Africa's ruling ANC faced a search for allies to help it form a new government Saturday after it lost its three-decade-old absolute majority in a watershed election.

Tens of thousands of South Koreans celebrate Pride despite backlash

Tens of thousands of LGBTQ South Koreans and their supporters gathered in central Seoul for annual Pride celebrations Saturday, despite the event's traditional venue being banned by authorities for the second consecutive year.

Tens of thousands of South Koreans to celebrate Pride despite backlash

Tens of thousands of LGBTQ South Koreans and their supporters are expected to gather in central Seoul for annual Pride celebrations Saturday, despite the event's traditional venue being banned by authorities for the second consecutive year.

China making youth unemployment a 'top priority'

At a job fair for soon-to-be graduates in central Shanghai, recruiters sat bored under washed-out tarpaulins as rain and an apparent lack of interest kept potential young employees away.

Stock markets mixed as US inflation unchanged

Stock markets were mixed Friday as investors digested fresh US and eurozone inflation data that could set the tone for interest rate moves by central banks.

Sawt Falasteen - Economy (English)