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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China says could buy up commercial housing to boost property market

A top Chinese economic official said Friday the state could buy up commercial real estate in a bid to boost the country's ailing housing market, currently battling an unprecedented debt crisis.

Rapidus 'last opportunity' to put Japan back on global chip map

Japan's Rapidus project that brings together some of the world's biggest companies is the "last opportunity" to put the country's once-dominant semiconductor sector back on the global map, its chairman warned.

Chinese officials meet to mull support for developers: Bloomberg

Chinese leaders are meeting Friday with top housing officials to discuss a possible plan for the government to buy millions of unsold homes in a bid to support the struggling property sector, Bloomberg reported.

Asian stocks mixed after Wall St, Europe retreat from records

Asian markets diverged Friday as hopes for US interest rate cuts played up against profit-taking from another strong week and warnings from Federal Reserve officials that borrowing costs should be kept elevated for now.

'Grand Theft Auto VI' release set for late 2025

Rockstar Games parent Take-Two Interactive on Thursday said the eagerly awaited video game "Grand Theft Auto VI" will be released in fall of 2025.

US ends leasing in its largest coal-producing region

President Joe Biden's government on Thursday announced it was ending coal leases in the Powder River Basin, the nation's largest coal-producing region, drawing condemnation from the mining sector and praise from environmentalists.

US bank regulator grilled over 'toxic culture' at agency

US lawmakers attacked the head of a top financial regulator for a second consecutive day on Thursday over his agency's failure to deal with workplace misconduct, including discrimination and sexual harassment.

Nigeria lawmaker's plan for mass wedding of orphans sparks uproar

A Nigerian state lawmaker's plan to sponsor the marriage of 100 brides orphaned by violence has sparked a row over religious and cultural norms and calls for the courts to intervene.

Walmart profits rise on strong sales from wealthier shoppers

Walmart reported higher profits Thursday behind solid gains at US stores as the retail giant pointed to increased purchases by wealthier shoppers and improving e-commerce sales.

Stocks waver after hitting record highs

Stock markets wavered Thursday following record-breaking rallies that were fuelled by cooling US inflation.

European stocks dip from records, shrugging off gains elsewhere

Europe's major stock markets staged a modest pullback Thursday as investors cashed in profits from record-breaking rallies, shrugging off strong Asian gains and all-time Wall Street peaks that followed news of easing US inflation.

China's Baidu posts weakest quarterly revenue growth in over a year

Chinese internet giant Baidu announced Thursday its slowest quarterly revenue growth in over a year, as competition between top players in the country's cutting-edge tech sector intensifies.

Siemens to sell electrical motors business to KPS

German industrial giant Siemens said Thursday it will sell its electrical motors business Innomotics to private US equity firm KPS Capital Partners for 3.5 billion euros ($3.8 billion).

France deploys troops, bans TikTok, to quell New Caledonia unrest

France deployed troops to New Caledonia's ports and international airport, banned TikTok and imposed a state of emergency on Thursday after three nights of clashes that have left four dead and hundreds wounded.

Consumer groups accuse Temu of manipulating online shoppers

European consumer groups on Thursday accused Chinese shopping app Temu of using "manipulative techniques" to force users to spend more and other violations of a landmark EU tech law.

Asian markets track Wall St records after US inflation data

Asian equities rallied Thursday after US data showed inflation cooled last month, fuelling speculation that the Federal Reserve will cut interest rates twice this year.

What will be the repercussions of Biden's new China tariffs?

US President Joe Biden unveiled steep tariff hikes on Chinese green tech this week, hitting imports like electric vehicles, chips and solar cells -- and adding stress to US-China ties.

Mission impossible? Next Boeing CEO faces pile of problems

Since announcing plans in late March to replace CEO Dave Calhoun at the end of 2024, Boeing's problems have seemingly gone from bad to worse, complicating an already daunting executive search.

Japan economy suffers worse-than-expected contraction of 0.5%

Japan's economy suffered a worse-than-expected contraction in the first quarter, official data showed Thursday, in further bad news for its unpopular government.

US consumer inflation eases slightly in April, sending stocks higher

US consumer inflation eased slightly last month, according to government data published Wednesday, in a positive sign for President Joe Biden ahead of November's election.

Multiple women accuse David Copperfield of sex misconduct: report

Magician David Copperfield has been accused of sexual misconduct by more than a dozen women in episodes said to have taken place over several decades, a report said Wednesday.

Victoria's Secret reviving fashion show after six-year hiatus

American lingerie giant Victoria's Secret announced Wednesday that its annual fashion show, scrapped after 2018 due to sluggish sales and diminishing audiences, will return this fall bringing high-profile models back onto its catwalk.

German travel giant says takes overtourism 'very seriously'

German travel giant TUI said Wednesday it takes protests against overtourism, like recent demonstrations in the Canary Islands, very seriously, while arguing that its business model was not contributing to the problem.

Lea Seydoux: 'I've witnessed the changes on set since #MeToo'

French star Lea Seydoux said Wednesday she had personally witnessed more respect for women on film sets since the #MeToo movement.

Stocks waver before US inflation but London hits record

Asian and European equities diverged Wednesday as most dealers sat on their hands before key US inflation data, but London set a new record peak on solid US gains and largely upbeat earnings.

Semenya faces 'important day' at European rights court

Caster Semenya said Wednesday's hearing at the European Court of Human Rights (ECHR) into whether the double Olympic champion can be required to lower her testosterone levels to compete was an "important day" as her costly legal marathon entered its last lap.

Qatar eyes more long-term gas supply deals this year

Qatar expects to sign more long-term natural gas supply deals this year to meet growing international demand, Energy Minister Saad al-Kaabi said on Wednesday.

EU cuts inflation forecast for 2024 despite uncertainty

The EU on Wednesday predicted lower inflation in the eurozone in 2024 than previously forecast but warned the single-currency area's economy still faced risks from geopolitical tensions including wars in Ukraine and Gaza.

S. African communities terrorised by gold mining gangs

Walking between the corrugated iron shacks of the informal settlement west of Johannesburg she calls home, Lutho Makheyi points out trenches filled by dirty rainwater holing the unpaved streets.

A-list stars, menstruating superheroes in Cannes VR competition

From a voyage through the human body with Cate Blanchett, to a feminist superhero satire featuring giant tampons and octopus demons, the Cannes Film Festival launches its first competition for virtual reality films on Wednesday.

Chief of state oil company dismissed in Brazil

The CEO of Brazil's state oil company Petrobras has been sacked, the government announced Tuesday.

Asian markets mixed as focus turns to US inflation report

Asian markets wobbled Wednesday ahead of key US inflation data later in the day, with traders struggling to pick up the baton after a record performance on Wall Street.

Sawt Falasteen - Economy (English)