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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Heatwave cancels lessons for half Pakistan's schoolchildren

Half of Pakistan's pupils will be shut out of schools for a week as the nation takes crisis measures to lessen the effect of a series of heatwaves, officials said Thursday.

EU hits Oreo maker Mondelez with 337.5 mn euro antitrust fine

The EU on Thursday slapped a 337.5 million euro ($366 million) fine on Mondelez, the US confectioner behind major brands including Toblerone and Oreo, for forcing consumers to pay more by restricting cross-border sales.

Eurozone stocks gain on survey; London firms after election call

Eurozone equities advanced Thursday on news of encouraging business activity while London held firm as investors digested Britain's election announcement, stubborn inflation concerns and bright Nvidia earnings.

Yellen urges 'more ambitious' G7 plans for Russian assets

US Treasury Secretary Janet Yellen on Thursday urged G7 ministers meeting in Italy to work on "more ambitious options" to use frozen Russian assets to help Ukraine.

The Who bassist's guitar up for auction in France

A bass designed by and built for The Who rocker John Entwistle will be sold at auction in Lyon in eastern France Thursday, an auction house said.

Finland's wizards making food out of thin air

At a factory in Finland, the "farmers of the future" are making a new food protein by feeding a microbe air and electricity, proving that protein can be produced without traditional agriculture.

Equities mixed after Fed minutes while Nvidia lends support

Asian and European markets diverged Thursday after minutes from the Federal Reserve's most recent policy meeting indicated officials would keep interest rates elevated for some time as they struggle to bring inflation down to target.

France's Macron urges calm in riot-hit New Caledonia

France's president made a long-haul trip to the restive Pacific territory of New Caledonia on Thursday, urging a "return to peace" after deadly rioting, and vowing thousands of military reinforcements will be deployed for "as long as necessary".

S. Korea president announces record $19 bn plan to boost chip industry

South Korean President Yoon Suk Yeol on Thursday announced a record $19-billion-dollar support plan for the country's crucial semiconductor industry.

What are the costs behind Trump's economic proposals?

Republican former president Donald Trump once dubbed himself a "Tariff Man" seeking to boost government coffers.

S.Korea president announces record $19bn plan to boost chip industry

South Korean President Yoon Suk Yeol on Thursday announced a record $19-billion-dollar support plan for the country's crucial semiconductor industry.

Asian shares mixed after Fed minutes, while Nvidia provides support

Asian markets diverged Thursday after minutes from the Federal Reserve's most recent policy meeting indicated officials would keep interest rates elevated for some time as they struggle to bring inflation down to target.

Flower or power? Campaigners fear lithium mine could kill rare plant

Delicate pink buds sway in the desert breeze, pregnant with yellow pompoms whose explosion will carpet the dusty corner of Nevada that is the only place on Earth where they exist.

News Corp makes deal to let OpenAI use its content

News Corp on Wednesday announced a deal to let ChatGPT-maker OpenAI use content from its publications in artificial intelligence products.

US lawmakers seek to clean up crypto regulation 'food fight'

The US House of Representatives on Wednesday adopted a bill that would create a new legal framework for digital currencies, in a move cheered by crypto supporters but opposed by consumer groups who say it fails to protect investors.

Nvidia profits soar on demand for AI power

Nvidia said Wednesday its quarterly net profit rocketed by seven times year-on-year on demand for its chips to power artificial intelligence in data centers.

US reports second human case of bird flu tied to dairy cow outbreak

A second case of bird flu has been found in a human, US health authorities announced Wednesday, less then two months after the first one as an outbreak of the disease circulates widely among dairy cows.

Argentine economic activity plunges amid austerity drive

Argentina's economic activity continued to plummet in March, with the construction and manufacturing industries leading the slowdown as President Javier Milei's government slashes spending, official figures showed Wednesday.

Global stocks mostly fall on lingering worries over inflation

Global stocks mostly retreated Wednesday after British inflation data doused hopes of a quick Bank of England rate cut, while Federal Reserve minutes spotlighted worries about lingering pricing pressure.

US Fed's rate meeting minutes show growing inflation concerns

A strong US economy and an uptick in inflation led the Federal Reserve's rate-setting committee to conclude that progress against rising prices had stalled, according to minutes of its most recent meeting published Wednesday.

Europe shares fall, Wall Street flat after UK inflation miss clouds rate outlook

Wall Street shares were flat ahead of a key earnings report while stocks fell in Europe after a disappointing UK inflation report doused hopes of a quick Bank of England rate cut.

Govts, tech firms vow to cooperate against AI risks at Seoul summit

More than a dozen countries and some of the world's biggest tech firms pledged on Wednesday to cooperate against the potential dangers of artificial intelligence, including its ability to dodge human control, as they wrapped up a global summit in Seoul.

US existing home sales slip in April on still high mortgage rates

Existing home sales in the United States crept lower in April as mortgage rates remained elevated, industry data showed Wednesday.

Europe shares lower, Wall Street flat after UK inflation disappointment

Stocks were mostly lower in Europe and little changed on Wall Street Wednesday as UK inflation slowed less than expected, dousing hopes of a quick Bank of England rate cut.

European equities stumble on UK inflation news

Europe's main stock markets fell Wednesday as official data showed UK inflation slowing sharply but missing analysts' forecasts, dousing hopes of a Bank of England rate cut any time soon.

ECB can start cuts before Fed, says Finnish bank governor

The European Central Bank did not have to take its cues from the US Federal Reserve and could start to lower rates as soon as June, Bank of Finland governor Olli Rehn told AFP.

Asian markets mixed ahead of Nvidia results, Fed minutes

Asian investors struggled Wednesday to revive a recent rally across markets as they turned their focus on the release later in the day of earnings from US tech darling Nvidia.

UK inflation slows to near three-year low

Britain's annual inflation rate slowed to a near three-year low in April as energy prices cooled further, official data showed Wednesday, easing a cost-of-living crunch before this year's general election.

Turkey bets on Togg to give its car industry electric edge

On the shores of the Sea of Marmara, a grey and turquoise factory built at breakneck speed is churning out electric cars by the hundreds.

Asian markets track Wall St record ahead of Nvidia results, Fed minutes

Asian investors fought Wednesday to revive a recent rally across markets as they turned their focus on the release later in the day of earnings from US tech darling Nvidia.

From Libyan hell to migrant boat, two young Bangladeshis are saved

They never thought they would end up in Europe by leaving their native Bangladesh.

Mexican feminists torn over prospect of first woman president

Mexico appears almost certain to elect its first woman president on June 2 -- a prospect that divides opinion among women's rights activists in a country with a long history of macho culture.

Sawt Falasteen - Economy (English)