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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EU states agree 'prohibitive' tariffs on Russia grain imports

EU states agreed on Thursday to impose "prohibitive" duties on grain imports from Russia in a bid to cut off revenues to Moscow for its war on Ukraine.

European stock markets recover slightly

Europe's main stock markets inched higher Thursday, making up just some of the losses from the previous session when shares were hit by concerns that interest rates will stay high for an extended period.

Red Bull becomes Leeds sponsor and takes minority share in club

Red Bull has purchased a minority stake in Leeds United and will become the English second-tier football club's main shirt sponsor next season, it was announced Thursday.

Why has Russian wheat been entering the EU duty-free?

Since its invasion of Ukraine, Russia's grain exports have not only been spared by European Union sanctions, but even stayed free of tariffs -- a seeming anomaly the bloc has now agreed to rectify.

Taliban govt harbours big dreams for Afghan rail

On the edge of the Afghan border with Uzbekistan, where the railway abruptly stops, throngs of young men transfer sacks of wheat or flour from freight trains to trucks.

Markets extend losses with Wall St as rate hopes dim

Asian and European markets fell Thursday, with traders tracking losses on Wall Street fuelled by concerns over rising Treasury yields and fading hopes for US interest rate cuts.

Google to invest $2 bn in Malaysia: government

Google will invest $2 billion in Malaysia to house the firm's first data centre in the country, the government said Thursday, making it the latest tech titan to pump cash into the region in search of growth opportunities.

Iran iPhone users signal dismay over new models ban

At a Tehran cafe, Hamid waves his mobile around hoping to latch onto a faint signal and thus bypass Iran's stringent ban on the latest models of iPhone.

Boeing set to deliver plan to regulators on upgrading safety

Boeing is expected to deliver on Thursday a "comprehensive action plan" required by US air safety regulators after a near-catastrophic incident in January.

Asian markets extend losses with Wall St as rate hopes dim

Asian markets fell Thursday, with traders tracking losses on Wall Street fuelled by concerns over rising Treasury yields and fading hopes for US interest rate cuts.

Australia engaging with Ticketmaster over hacking 'incident'

The Australian government was on Thursday investigating claims by a hacking group to have stolen the details of 560 million customers from global events giant Ticketmaster, with the FBI offering its assistance.

'Come back': Champs-Elysees wants to win over Parisians

The Champs-Elysees, the iconic avenue sweeping through central Paris dotted with cafes and shops, connects the Place de la Concorde in the east with the Arc de Triomphe in the west in a single, breathtakingly straight line.

SE Asia gas expansion threatens green transition: report

Southeast Asia is on track to vastly expand its gas-fired power plant and liquid natural gas import capacity, threatening its green energy transition, a report warned Thursday.

Australia says engaging with Ticketmaster over hacking 'incident'

Australia's government said Thursday its cyber security office was "engaging" with US-based Ticketmaster after a hacking group claimed to have accessed the details of 560 million global customers.

Panama's first climate change displaced bid their island farewell

Some 1,200 members of a Panamanian Indigenous community, their island home threatened by rising sea levels, received new government-sponsored homes on the mainland Wednesday.

Trump criminal trial jury ends first day of deliberations

Jurors completed opening deliberations Wednesday on whether to convict Donald Trump in the first criminal trial of a former US president -- a decision that could upend the November's election, in which the Republican seeks to return to power.

Stocks slide, dollar gains as rate cut outlook dims

Stock markets fell Wednesday as investors locked in profits after indicators and comments from central bankers further dented hopes for interest rate cuts.

Long queues as S.Africa votes with ANC rule in balance

South Africans queued late into the night to vote Wednesday, forcing polling stations to remain open beyond closing time in a landmark general election, with the ruling ANC fighting to protect its three-decade-long grip on power.

American Airlines shares sink as it lowers demand outlook

Shares of American Airlines dove Wednesday after it lowered its profit outlook, citing weaker demand and a troubled booking system upgrade.

Shareholders back Exxon bullying of green investors

ExxonMobil shareholders overwhelmingly reelected the oil giant's board Wednesday, the company said, endorsing its hardball tactics in confronting climate activist investors.

Power demand peaks in heatwave-hit Delhi, but temperature readings may be 'error'

Power usage in India's capital surged to a record high Wednesday as residents of the sprawling megacity struggled to keep cool during a crushing heatwave with temperatures sizzling above 45 degrees Celsius (over 113 Fahrenheit).

South Africa votes with long ANC dominance in the balance

South African voters queued -- many of them for hours -- to cast their ballots on Wednesday in a landmark general election that has left the ruling ANC fighting to protect its three-decade-long exclusive grip on power.

Stocks fall, dollar gains as rate cut outlook dims

Stock markets fell Wednesday as investors locked in profits after indicators and comments from central bankers further dented hopes for interest rate cuts.

Jury begins deliberations in Trump criminal trial

Jurors began deliberating Wednesday on whether to convict Donald Trump in the first criminal trial of a former US president -- with their decision potentially upending November's election, in which the Republican seeks to return to power.

Africa presses for reform of 'unjust' global financial system

There is an urgent need for reforms to the "unjust" global financial system, which penalises African nations with high borrowing rates, leaders said at a major African economic gathering in Kenya this week.

ConocoPhillips to buy Marathon for $22.5 bn in latest big oil deal

US energy giant ConocoPhillips announced Wednesday that it is acquiring competitor Marathon Oil for $22.5 billion in the latest big petroleum merger consummated in spite of rising concerns about climate change.

Stocks fall as rate cut outlook dims; oil up on attack

Stock markets fell Wednesday as indicators and comments from central bankers further dented hopes for interest rate cuts, while oil kept rising after an attack on a ship in the Red Sea stoked supply worries.

Jury to decide Trump's fate in historic criminal trial

Twelve New York jurors were to begin deliberating Wednesday on whether to convict Donald Trump in the first ever criminal trial of a former US president -- with their decision potentially upending the November election in which the Republican seeks a return to power.

New mega-refinery helps Kuwait to record capacity: minister

Kuwait said Wednesday its refining capacity had reached a record 1.8 million barrels per day as it inaugurated one of the region's biggest refineries which started operating at full capacity in recent months.

Why UK major firms are facing takeover attempts?

Mining giant Anglo American, cyber security firm Darktrace and Royal Mail parent IDS -- three major UK companies in the midst of big takeover bids.

Anglo American nixes BHP request to extend takeover talks

Mining giant Anglo American rejected a request by Australian rival BHP to extend talks on a $49 billion takeover offer beyond a looming Wednesday deadline, possibly ending a bid to create a copper titan.

Stocks fall on rates outlook; oil rises on attack

Asian and European stock markets slid Wednesday on worries over the global interest-rate outlook, while oil extended gains after an attack on a ship in the Red Sea stoked worries about crude supplies.

Sawt Falasteen - Economy (English)