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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Walrus dies from bird flu on Arctic island: researcher

The first case of a walrus dying from bird flu has been detected on one of Norway's Arctic islands, a researcher said Monday.

US stocks rise on tech outlook as yen rebounds

The yen rebounded Monday from a 34-year low against the dollar after what some traders speculate could have been the first intervention by Japanese authorities to support the weakening currency since late 2022.

World Central Kitchen resuming Gaza work after 7 staff killed

The World Central Kitchen nonprofit, which supplied meals in Gaza until seven of its aid workers were killed by an Israeli strike nearly a month ago, is to resume operations, its CEO said.

G7 to commit to reducing plastic production: French ministry

The G7 is expected to commit to reducing plastic production in order to tackle the global scourge of pollution, France's ecological transition ministry said Monday.

Yen swings after hitting new 34-year low; stocks mixed

The yen swung in volatile trade Monday as it rebounded soon after hitting a 34-year low against the dollar, fuelling speculation Japanese authorities had intervened to support the currency for the first time since late 2022.

Filipino farmers struggle as drought and heatwave hits

Filipino farmer Daniel Velasco pumps water from a well in a desperate attempt to save his wilting vegetables, as a scorching heatwave and the worst drought in years hits crops.

Blackstone strikes chord with $1.6 bn bid for UK music firm

Struggling UK music rights owner Hipgnosis Songs Fund agreed Monday to an improved $1.6-billion takeover from US private equity firm Blackstone, which trumped a rival bid from Concord.

Yen swings after hitting new 34-year low, stocks rally

The yen swung wildly Monday as it surged soon after hitting a fresh 34-year low against the dollar, fuelling speculation Japanese authorities may have intervened to support the currency for the first time since late 2022.

Yen rebounds after hitting 34-year low past 160 per dollar

The yen surged after diving to a new 34-year low past 160 per dollar on Monday as a forecast-beating US inflation reading dented expectations for Federal Reserve interest rate cuts this year.

Musk leaves Beijing after Tesla wins key China security clearance

Tech billionaire Tesla CEO Elon Musk boarded a plane departing Beijing on Monday, an AFP journalist said, after a whistlestop visit that saw his firm win a key data security clearance from Chinese authorities.

Yen sinks to 34-year low past 160 per dollar

The yen sank to a new 34-year low past 160 per dollar on Monday after a forecast-beating US inflation reading dented expectations for US interest rate cuts this year.

Yen slides to fresh 34-year low against dollar, stocks rally

The yen slumped to a fresh 34-year low against the dollar on Monday, fuelling expectations Japanese authorities would step in to support their currency for the first time since late 2022.

Zendaya helps 'Challengers' net top spot in N.America box office

MGM's tennis-based romance "Challengers" opened this weekend atop the North American box office, taking in an estimated $15 million behind positive reviews and the powerful net game of actor/singer Zendaya, industry watcher Exhibitor Relations reported Sunday.

Gaza truce effort builds with Hamas to respond to Israel proposal

Diplomatic efforts intensified on Sunday to reach a long sought-after truce and hostage-release deal in Gaza, as Hamas said it would travel to mediator Egypt to deliver its response to Israel's latest proposal.

Tesla CEO Musk meets China's number two official in Beijing

Tech billionaire and Tesla CEO Elon Musk met in Beijing on Sunday with China's number two official, Premier Li Qiang, who promised the country would "always" be open to foreign firms.

Push for truce ramps up as Israel pummels Gaza

Diplomatic efforts increased on Sunday to reach a long sought-after truce and hostage-release deal in Gaza, as Israel carried out further air strikes and shelling on the war-battered territory.

Tesla CEO Elon Musk in China for talks

Tech billionaire and Tesla CEO Elon Musk was in China for talks on Sunday, making his second trip in less than a year to the world's biggest market for electric vehicles.

US Fed to meet amid dwindling hopes of summer rate cuts

The US Federal Reserve is highly likely to keep interest rates unchanged later this week, as policymakers contend with a recent uptick in inflation that has sharply cut the chance of a summer start to interest rate cuts.

Abortion in Arizona: women race against the clock of an archaic law

Piper decided she needed an abortion almost as soon as Arizona judges ruled an 1864 law banning the procedure could be enforced.

'I heard monkey noises': Bilbao's Nico Williams abused at Atletico

Athletic Bilbao forward Nico Williams said he was racially abused by "stupid people" during his team's 3-1 defeat at Atletico Madrid on Saturday in La Liga.

Kenyan patients suffer as doctors' strike grinds on

Desperate to have her five-month-old daughter treated for a skin infection in Kenya, Celine Nyaga rode for an hour on the back of a motorcycle, cradling her baby in her arms.

Daimler Truck braces for possible strike in 3 southern US states

Around 7,200 workers with Daimler Truck in three southern US states were poised Friday for a potential strike as labor contract talks headed down to the wire.

US oil giants' profits dip as Exxon deal nears finish line

ExxonMobil and Chevron both reported a dip in profits Friday on lower refining margins and natural gas prices, but ExxonMobil's big takeover appears on track to close before Chevron's.

Russia targets Ukraine railways as Western aid due to arrive

Ukraine warned Friday that Moscow was ramping up attacks on railways in a bid to disrupt military supplies ahead of a fresh Russian offensive while Kyiv waits for new US weapon deliveries.

Spanish PM keeps country guessing on his future

Spanish Prime Minister Pedro Sanchez has suspended all duties and gone silent while he considers whether to step down on Monday over a graft investigation against his wife.

US stocks rebound on tech earnings, London hits new record

US stocks rebounded Friday on the back of buoyant big tech earnings while London hit another record peak as investors tracked a series of takeover bids for UK companies.

US Fed's favored inflation measure accelerates, dimming rate cut hopes

The US central bank's favored measure of inflation accelerated last month, according to government data published Friday, pushing back the chances of an interest rate cut this summer.

London stocks hit new record peak on takeovers

London's stock market fired its way to another record peak on Friday, with investors gripped by a series of eye-catching takeovers this week for listed UK companies.

Refugee voices take centre stage at UK theatre company

In a darkly lit arts studio in London, five young actors highlight their scripts and go over their lines: the latest cast of "Phosphoros Theatre", a company that empowers refugees and asylum seekers to tell their story on stage.

China's EV execs bullish on Western pressure at Beijing car show

Electric vehicle executives at a top car show in China were bullish on prospects for growth, despite a gruelling price war and mounting Western pressure on the industry.

Yen falls further as Bank of Japan stands pat on rates

The Bank of Japan kept its ultra-low interest rates unchanged Friday and stopped short of signalling another hike, pushing the yen to a fresh 34-year low against the dollar.

ByteDance says 'no plans' to sell TikTok after US ban law

Chinese tech giant ByteDance has said it has no plans to sell TikTok after a new US law put it on a deadline to divest from the hugely popular video platform or have it banned in the United States.

Sawt Falasteen - Economy (English)