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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Samsung Electronics workers' union announces first strike

A major union representing tens of thousands of people at South Korean tech giant Samsung Electronics said Wednesday that workers will go on strike for the first time, potentially threatening key global semiconductor supply chains.

India's capital hits record 50.5 Celsius in fierce heat wave

Temperatures in India's capital soared to a record-high 50.5 degrees Celsius (122.9 Fahrenheit) Wednesday, as authorities warn of water shortages in the sprawling mega-city.

Cannes trans actor files complaint over far-right 'sexist insult'

The first transgender woman to be awarded Best Actress at the Cannes Film Festival on Wednesday filed a legal complaint over a "sexist insult" from a far-right politician after her win.

Asian markets fall on US rate concerns, oil rises after attack

Equities fell Wednesday on lingering worries about the outlook for US interest rates, while oil prices extended their gains after an attack on a ship in the Red Sea stoked fresh worries about supplies from the Middle East.

Royal Mail owner accepts Czech billionaire's takeover

The owner of Britain's struggling Royal Mail said Wednesday it had accepted a takeover proposal from Czech billionaire Daniel Kretinsky worth £3.6 billion ($4.6 billion).

Asian markets fall on US rate concerns, oil rallies after attack

Equities fell Wednesday on lingering worries about the outlook for US interest rates, while oil prices extended their rally after an attack on a ship in the Red Sea stoked fresh worries about supplies from the Middle East.

Samsung Electronics union announces first-ever strike

A major union representing tens of thousands of people at South Korean tech giant Samsung Electronics said Wednesday that workers will go on strike for the first time ever, potentially threatening key global semiconductor supply chains.

IMF lifts China growth forecast but warns on industrial policy

The International Monetary Fund on Wednesday raised its yearly growth forecast for China, but warned that Beijing's industrial policy risks a "misallocation" of resources and could harm trade.

Asian markets retreat on US rate concerns, oil rallies after attack

Most equities fell Wednesday on lingering worries about the outlook for US interest rates, while oil prices extended their rally after an attack on a ship in the Red Sea stoked fresh worries about supplies from the Middle East.

Rohingya forced to fight alongside Myanmar army tormentors

Rohingya mother Sofura Begum has spent years in a squalid refugee camp after fleeing Myanmar. Now her teenage son has been taken to fight alongside the troops that put her there.

Pervert or pioneer? The entrepreneur trying to get S. Korea into porn

When entrepreneur Lee Hee-tae told his parents he was going into the porn business, he urged them not to worry about social disapproval in conservative South Korea and to think about the money instead.

IMF lifts China's 2024 growth forecast to 5%

The International Monetary Fund on Wednesday raised its 2024 growth forecast for China to five percent, citing recent policy moves by Beijing to boost its struggling economy.

Exxon plays hardball against climate NGOs. Will investors care?

ExxonMobil investors will have a chance to weigh in at Wednesday's annual meeting on the company's hardball approach to the latest shareholder challenge from environmentalists over climate change.

Record books to be rewritten as MLB adopts Negro Leagues stats

Major League Baseball's record books are set to be rewritten as the sport formally incorporates statistics from the racially segregated Negro Leagues of 1920-1948 into its official history, reports said on Tuesday.

Melinda French Gates donates $1bn for women's issues

Philanthropist Melinda French Gates, who was previously married to Microsoft co-founder Bill Gates, said Tuesday she was giving $1 billion to people and organizations working to promote women's issues.

Oil rises, stock markets mixed before key inflation data

Oil prices rose Tuesday on tensions in the Middle East while stock markets wavered as investors awaited key inflation data later this week.

French delicatessen Fauchon bought by Breton biscuit firm

French gourmet food and delicatessen company Fauchon said Tuesday it has been bought out by Galapagos, a Brittany-based biscuit maker.

Oil rises, markets tread water before key inflation data

Oil prices rose Tuesday on tensions in the Middle East while stock markets wavered as investors awaited key inflation data later this week.

Pope Francis apologises over gay slur

Pope Francis issued an extraordinary apology on Tuesday over his reported use of a gay slur in a closed-door meeting with Italian bishops last week.

New Caledonia unrest pushes nickel sector deeper into crisis

Weeks of unrest in New Caledonia have plunged the archipelago's nickel industry, already on government life support, closer to catastrophe, sector representatives say.

Stock markets tread water before key inflation data

Stock markets wavered Tuesday as New York and London returned to action following public holidays, with investors now bracing for key inflation data later this week that could shed light on the interest-rate outlook.

Stock markets swing before key inflation data

Asian and European stock markets wavered Tuesday as investors geared up for key inflation numbers later in the week, while London returned to action after a three-day long weekend.

Asian markets swing, dollar drops ahead of US inflation data

Asian markets fluctuated Tuesday as investors took a breather after the previous day's rally and as they gear up for the release of key US inflation data later in the week.

Senegal ex-rifleman in his 90s to carry Olympic torch in France

At over 90 years old, former Senegalese rifleman Oumar Dieme considers it something of a miracle that he will be carrying the Olympic torch as part of the opening of this summer's Paris Games.

120 business leaders back UK's Labour in election

The UK's Labour party won the backing on Tuesday of 120 business leaders, in a timely boost as it bids to oust the ruling Conservatives in the upcoming general election.

Asian markets, dollar drop ahead of US inflation data

Asian markets dipped Tuesday as investors took a breather after the previous day's rally and as they gear up for the release of key US inflation data later in the week.

Shanghai lifts home-buying curbs to boost property sector

Shanghai has relaxed rules on buying property in the city, as local governments across China aim to ease an agonising real estate crisis that is dragging on the economy.

Luxury influencers vanish from Chinese social media in wealth crackdown

Chinese social media censors have blocked multiple influencers known for showing off their lavish lifestyles after an official campaign to curb displays of ostentatious wealth online was announced.

Asian markets diverge, dollar weakens ahead of US inflation data

Asian markets were mixed Tuesday as investors took a breather after the previous day's rally and as they gear up for the release of key US inflation data later in the week.

China wheelchair users claim outdoors with hand-cranked bikes

Speeding along crumbling roads past dusty villages and herds of sheep, a team of cyclists turns heads in China's Inner Mongolia withtheirunusual equipment.

For deaf children in Pakistan, school is life

At a school for the deaf in Pakistan, the faces of students are animated, their smiles mischievous, as their hands twirl in tandem with their sign language teacher.

Brazil's new Petrobras chief calls to speed up oil exploration

The new boss of Brazil's Petrobras said Monday it was crucial that the state-run company "accelerate" oil exploration, including in a controversial offshore basin near the mouth of the Amazon River.

Sawt Falasteen - Economy (English)