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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Honda posts record profit, issues cautious forecasts

Japanese auto giant Honda on Friday logged a record annual profit thanks to improving global vehicle sales, but issued a cautious outlook for the current fiscal year.

UK economy exits recession ahead of election

Britain exited a shallow recession with better-than-expected growth in the first quarter, official data showed Friday, in a boost to embattled Prime Minister Rishi Sunak ahead of this year's election.

London, Frankfurt hit new records as rate hopes boost markets

Growing hopes that the US Federal Reserve and other central banks are close to cutting interest rates helped push London and Frankfurt to new records, while Asian markets also chalked up healthy gains.

In Benin, tensions soar over cost of living

In the heart of Cotonou’s large Dantokpa market, Diane Makpenon's family corn shop is less busy than usual these days.

Iceland's 'Mammoth' raises potential for carbon capture

With Mammoth's 72 industrial fans, Swiss start-up Climeworks intends to suck 36,000 tonnes of CO2 from the air annually to bury underground, vying to prove the technology has a place in the fight against global warming.

Panama president-elect pledges to deport migrants who cross Darien Gap

Panama will deport US-bound migrants who enter the country through the notoriously dangerous stretch of jungle known as the Darien Gap, president-elect Jose Raul Mulino said Thursday.

American Airlines union seeks Biden support in contract fight

Dozens of American Airlines flight attendants demonstrated Thursday in front of the White House as they seek to be allowed to strike during protracted contract negotiations.

Peru's dancing undertakers take sting out of death

Dancing to the tunes of a local brass band, four pallbearers carry a coffin through the streets of a town in western Peru.

Trump pledged reversal of green policies to energy execs: report

Republican presidential candidate Donald Trump urged oil industry executives to raise $1 billion for his campaign, promising to reverse environmental regulations imposed by Joe Biden's administration once he is re-elected to the White House, the Washington Post reported Thursday.

China's Xi in Hungary celebrates 'history's best' relations with Orban

President Xi Jinping vowed to deepen already flourishing economic ties with Hungary during a visit to Budapest on Thursday, advocating that its closest European Union ally "play a bigger role" in fostering relations between Beijing and the bloc.

Costa Rica to ration electricity as drought bites

Costa Rica has become the latest Latin American country to introduce rationing due to drought, announcing Thursday it will limit access to electricity for which it relies heavily on hydro-generation.

Spain govt vows to block hostile BBVA bid for rival bank

Spain's second-largest bank BBVA on Thursday announced a hostile takeover bid for smaller rival Banco Sabadell but the government vowed to block the move, which would create a European giant in the sector.

Porsche recalls thousands of Taycans over faulty batteries

German sports carmaker Porsche on Thursday confirmed it had recalled several thousand of its electric Taycan model because of risks their batteries could catch fire.

London, Frankfurt stocks hit record highs on rate-cut hopes

The London and Frankfurt stock exchanges hit record highs Thursday as the Bank of England kept its interest rate at a 16-year high but raised hopes of a cut in the coming months.

Charity warns Italy's ban on NGO planes risks lives

A migrant rescue charity warned Thursday that a new Italian ban on using surveillance planes to spot migrant boats in distress in the Mediterranean could endanger lives.

Bank of England holds rate at 16-year high, signals looming cut

The Bank of England on Thursday kept its main interest rate at a 16-year high, but hinted at a cut over the summer as UK inflation cools further and the country looks set to exit recession.

European stocks stutter before Bank of England rate call

European stock markets wavered on Thursday but with London close to a record peak before a Bank of England decision on interest rates.

Nissan net profit nearly doubles despite China challenges

Nissan said Thursday it nearly doubled its full-year net profit in 2023-24, weathering challenges in the Chinese market, but forecast a dip of around 10 percent for the current financial year.

Spain vows to block BBVA's hostile bid for rival bank

Spain's second-largest bank BBVA announced Thursday a hostile takeover bid for smaller rival Banco Sabadell but the government vowed to block the move, which would create a European giant in the sector.

Blackstone wins bidding war for UK music rights firm

US private equity firm Blackstone emerged victorious Thursday in a takeover battle for struggling UK music rights owner Hipgnosis Songs Fund, after American group Concord refrained from improving its bid.

Nissan annual net profit nearly doubles on-year

Nissan said Thursday it nearly doubled its full-year net profit in 2023-24 but forecast a dip of around 10 percent for the current financial year.

Chinese cities lift curbs on buying homes as property crisis bites

Two of China's wealthiest cities said Thursday they would lift all restrictions on buying homes, joining a growing list of urban areas rolling back curbs as they look to prop up the faltering property market.

Markets' rally stutters as traders eye rate cut outlook

Equity traders struggled to get a recent rally back on course Thursday following a tepid lead from Wall Street, but record performance in Europe highlighted optimism that central banks were on course to cut interest rates.

Spanish bank BBVA goes hostile in Sabadell takeover bid

Spain's second-largest bank BBVA announced Thursday a hostile takeover bid for Banco Sabadell, three days after its smaller rival rejected an offer that would create a European banking giant.

Chinese city lifts curbs on buying homes as property crisis bites

One of China's wealthiest cities said Thursday it would lift all restrictions on buying homes, joining a growing list of urban areas rolling back curbs as they look to prop up the faltering property market.

Asian markets mixed as traders eye rate cuts

Asian traders fought to get a recent rally back on course Thursday following a tepid lead from Wall Street but record performance in Europe highlighted optimism that central banks were on course to cut interest rates.

Bank of England set to hold rate at 16-year high

The Bank of England was set Thursday to keep its main interest rate at a 16-year high, resisting a cut as UK inflation cools at a slower pace than forecast.

China's Xi in Hungary to celebrate 'new era' with Orban

Hungarian Prime Minister Viktor Orban will host Chinese President Xi Jinping in Budapest on Thursday in a bid to strengthen already flourishing ties between Beijing and its closest EU ally.

Canada regularization of undocumented migrants in jeopardy

Canada offered hope for thousands of undocumented migrants with Prime Minister Justin Trudeau promising a major regularization program. But in just a few months, political winds changed, leaving dreams of residency in jeopardy.

US forges new 'battery belt' in hopes of electric future

Growing up, Devante Cuthbertson assumed he might have to leave his North Carolina hometown to pursue a career, but a new multi-billion-dollar Toyota battery plant is offering him a reason to stay put.

European stocks rise while Wall Street has another mixed session

European stocks advanced Wednesday, with London striking another record, driven by hopes of interest rate cuts while Wall Street finished mixed on another day without major macroeconomic news.

Kenya inks deal to end doctors' strike

Kenya's government has signed a deal with striking doctors, the health ministry announced Wednesday, after almost two months of industrial action that left thousands of patients struggling to find medical care.

Sawt Falasteen - Economy (English)