Sawt Falasteen - Economy

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Featured

Stocks rise as tech bounces after rout over AI worries

Most stock markets bounced Friday after worries about the AI boom sparked heavy selling in recent sessions, with Federal Reserve chairman Kevin Warsh saying the technology offered huge benefits to the global economy.

Millions may be forced to move as climate change hits South Asia: UN

Climate change is threatening livelihoods and forcing people from their homes across South Asia, but technology and government action could help limit the damage, the UN migration chief told AFP on Friday.

Last news

Samsung workers begin three-day general strike over pay

Workers at South Korean tech giant Samsung began a three-day general strike over pay and benefits on Monday, the head of a union representing tens of thousands of employees told AFP, warning the action could impact memory chip production.

South Korea Samsung workers start strike: union chief

Workers at South Korean tech giant Samsung began a three day general strike Monday, the head of a union representing tens of thousands of employees told AFP, after talks with management broke down.

'Despicable Me 4' tops N.American box office on opening weekend

Animated comedy "Despicable Me 4" rose to the top of the North American box office on its first weekend in theaters, according to figures from industry watcher Exhibitor Relations published Sunday.

Tourists are latest conquest of Viking fortress in Denmark

A millennium-old Danish Viking fortress is wowing tourists by offering visitors a broader view of Scandinavia's famed marauders.

Cybercrime groups restructuring after major takedowns: experts

Cybercrime gangs are looking to rebuild with new tactics after global police operations this year made a huge dent in their activities, experts have told AFP.

New Dutch PM under fire over ministers' 'racist' remarks

Newly-minted Prime Minister Dick Schoof faced a baptism of fire at the opening of the Dutch parliament over remarks by two cabinet ministers about a conspiracy theory with neo-Nazi roots.

Pound climbs after Labour's UK election win

The pound advanced Friday after Britain's centre-left Labour Party clinched an expected landslide election victory to end 14 years of right-wing Conservative rule.

Rachel Reeves: Britain's first woman finance chief

Rachel Reeves, Britain's first woman finance minister, is a former child chess champion and Bank of England economist who has pledged to grow the nation's economy while showing strong fiscal discipline.

Is AI a major drain on the world's energy supply?

When Google announced this week that its climate emissions had risen by 48 percent since 2019, it pointed the finger at artificial intelligence.

Tension as France's snap election campaign comes to a climax

Tensions were running high Friday as France's election campaign came to an end ahead of a one-day pause and then a historic run-off vote that could paralyse government or see the far right sweep to power.

Flights slowly resume at Sicily's Catania airport as volcano erupts

Sicily's Catania airport began gradually reopening for flights Friday after they were temporarily suspended following an eruption from Mount Etna, Europe's largest active volcano.

US jobs market sees gradual cooldown in June

US job gains eased slightly in June while unemployment edged up, government data showed Friday, in a sign that the world's biggest economy is cooling steadily.

US hiring cools in June, unemployment up slightly: govt

US job gains eased slightly in June while unemployment edged up, government data showed Friday, in the latest sign that the world's biggest economy is cooling as policymakers hope.

UK stocks, pound climb after Labour election win

The London stock market advanced Friday after Britain's centre-left Labour Party clinched an expected landslide election victory to end 14 years of right-wing Conservative rule.

Flights suspended in Sicily's Catania as volcano erupts

Catania airport on the Italian island of Sicily was closed on Friday after Mount Etna, the largest active volcano in Europe, erupted and spewed ash into the sky, disrupting air travel.

Reformist faces ultraconservative as Iran votes for president

Iranians voted on Friday in a presidential runoff election where the choice is between a reformist advocating improved ties with the West and an ultraconservative former nuclear negotiator.

Asian markets down as traders await US jobs report

Asian markets were largely down on Friday, a day after Tokyo's indexes hit record highs, with traders preparing for a key US jobs report.

Chinese AI market optimistic despite scrutiny from West

China's AI sector showed confidence this week at a major fair in Shanghai that it would overcome restrictions imposed by the West, with companies rolling out cutting-edge products developed by a growing pool of young talent.

Kinshasa, a megacity of traffic jams, potholes, transit chaos

Cable car, urban rail link or ring road -- Kinshasa has big plans for alleviating its traffic chaos but for now, travelling into the megacity remains a daily headache for millions of people.

Asian markets down as traders eye US jobs report

Japanese markets started higher before seeing early gains erased on Friday with Tokyo's benchmark Nikkei 225 index briefly hitting a record high, as traders prepared for a key US jobs report.

Samsung Electronics forecasts major Q2 profit jump

Samsung Electronics said Friday it expects second-quarter operating profits to rise more than 15-fold on-year as chip prices bounce back and demand for generative AI continues to grow.

Switzerland tries to flatten out peaks of Alpine visitors

Switzerland's tourism agency said Thursday that it was trying to even out the flow of holidaymakers throughout the year to protect the Alpine country from the risks of excessive tourism.

EU slaps Chinese electric cars with tariffs of up to 38%

The European Union on Thursday slapped extra provisional duties of up to 38 percent on Chinese electric car imports because of "unfair" state subsidies, despite Beijing's warnings the move would unleash a trade war.

Markets extend gains, dollar dips as US data fans rate cut hopes

Equities rose and the dollar slipped further on Thursday as investors welcomed more data pointing to a softening labour market that gives the Federal Reserve room to cut interest rates, with another key jobs report due later in the day.

Decade since Ebola, Sierra Leone fights another deadly fever

Rummaging in the darkness of a tiny mud and thatch home in eastern Sierra Leone, ecologist James Koninga plucks a metal rat trap from under a collapsed bedframe.

Verdict due over deadly Oslo Pride attack

A Norwegian court is set to deliver its verdict Thursday on a shooter who killed two people hours before Oslo's 2022 Pride festival, shocking the placid country and leading to the cancellation of the parade.

China's BYD opens EV plant in Thailand despite slowdown, tariff row

China's electric vehicle giant BYD opened a factory in Thailand on Thursday, continuing its international expansion despite a market slowdown and hours before the European Union was due to impose swingeing tariffs on Chinese EV firms.

Philippines says US mid-range missile system to be pulled out

A US mid-range missile system deployed in the Philippines for annual joint military exercises -- to the annoyance of China -- will be pulled out of the country, a Philippine Army spokesman said Thursday.

Bass beats bring Shanghai's deaf and hearing clubbers together

Crowds bopped to bass-heavy electronic music at a weekend party in Shanghai that brought together deaf and hearing clubbers, with staff taking food and drink orders through sign language.

A station a day on Tokyo's teeming Yamanote Line

In service since 1885, the Yamanote is Tokyo's most important and most famous train line, with millions cramming into the 35-kilometre (22-mile) route's distinctive green carriages every day.

US Fed officials stressed 'patience' on rate cuts: minutes

Members of the US Federal Reserve's rate-setting committee said last month that the bank's employment and inflation goals were moving into "better balance," with some calling for "patience" on interest rate cuts, according to minutes of the meeting published Wednesday.

New lithium plant inaugurated in Argentina

French mining group Eramet and China's Tsingshan on Wednesday inaugurated a lithium production plant in Argentina to supply the booming electric car industry.

Sawt Falasteen - Economy (English)