Sawt Falasteen - Economy

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Featured

Attacks on Gulf energy infrastructure 'worrying' for outlook: Pakistan finance minister

Pakistan's finance minister on Saturday told AFP the country had so far withstood the shock from skyrocketing energy prices due to the Iran war, but that attacks on infrastructure in Saudi Arabia and other Gulf countries were "worrying" for the country's longer-term economic outlook.

'Two bad options': Rights groups decry IMF austerity demand

Coconut farmer Sombat Chuekrod travelled more than 200 kilometres to join hundreds on the streets of Bangkok on Friday demanding that the International Monetary Fund and World Bank change how they deal with the developing world.

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Trump criminal trial jury ends first day of deliberations

Jurors completed opening deliberations Wednesday on whether to convict Donald Trump in the first criminal trial of a former US president -- a decision that could upend the November's election, in which the Republican seeks to return to power.

Stocks slide, dollar gains as rate cut outlook dims

Stock markets fell Wednesday as investors locked in profits after indicators and comments from central bankers further dented hopes for interest rate cuts.

Long queues as S.Africa votes with ANC rule in balance

South Africans queued late into the night to vote Wednesday, forcing polling stations to remain open beyond closing time in a landmark general election, with the ruling ANC fighting to protect its three-decade-long grip on power.

American Airlines shares sink as it lowers demand outlook

Shares of American Airlines dove Wednesday after it lowered its profit outlook, citing weaker demand and a troubled booking system upgrade.

Shareholders back Exxon bullying of green investors

ExxonMobil shareholders overwhelmingly reelected the oil giant's board Wednesday, the company said, endorsing its hardball tactics in confronting climate activist investors.

Power demand peaks in heatwave-hit Delhi, but temperature readings may be 'error'

Power usage in India's capital surged to a record high Wednesday as residents of the sprawling megacity struggled to keep cool during a crushing heatwave with temperatures sizzling above 45 degrees Celsius (over 113 Fahrenheit).

South Africa votes with long ANC dominance in the balance

South African voters queued -- many of them for hours -- to cast their ballots on Wednesday in a landmark general election that has left the ruling ANC fighting to protect its three-decade-long exclusive grip on power.

Stocks fall, dollar gains as rate cut outlook dims

Stock markets fell Wednesday as investors locked in profits after indicators and comments from central bankers further dented hopes for interest rate cuts.

Jury begins deliberations in Trump criminal trial

Jurors began deliberating Wednesday on whether to convict Donald Trump in the first criminal trial of a former US president -- with their decision potentially upending November's election, in which the Republican seeks to return to power.

Africa presses for reform of 'unjust' global financial system

There is an urgent need for reforms to the "unjust" global financial system, which penalises African nations with high borrowing rates, leaders said at a major African economic gathering in Kenya this week.

ConocoPhillips to buy Marathon for $22.5 bn in latest big oil deal

US energy giant ConocoPhillips announced Wednesday that it is acquiring competitor Marathon Oil for $22.5 billion in the latest big petroleum merger consummated in spite of rising concerns about climate change.

Stocks fall as rate cut outlook dims; oil up on attack

Stock markets fell Wednesday as indicators and comments from central bankers further dented hopes for interest rate cuts, while oil kept rising after an attack on a ship in the Red Sea stoked supply worries.

Jury to decide Trump's fate in historic criminal trial

Twelve New York jurors were to begin deliberating Wednesday on whether to convict Donald Trump in the first ever criminal trial of a former US president -- with their decision potentially upending the November election in which the Republican seeks a return to power.

New mega-refinery helps Kuwait to record capacity: minister

Kuwait said Wednesday its refining capacity had reached a record 1.8 million barrels per day as it inaugurated one of the region's biggest refineries which started operating at full capacity in recent months.

Why UK major firms are facing takeover attempts?

Mining giant Anglo American, cyber security firm Darktrace and Royal Mail parent IDS -- three major UK companies in the midst of big takeover bids.

Anglo American nixes BHP request to extend takeover talks

Mining giant Anglo American rejected a request by Australian rival BHP to extend talks on a $49 billion takeover offer beyond a looming Wednesday deadline, possibly ending a bid to create a copper titan.

Stocks fall on rates outlook; oil rises on attack

Asian and European stock markets slid Wednesday on worries over the global interest-rate outlook, while oil extended gains after an attack on a ship in the Red Sea stoked worries about crude supplies.

Samsung Electronics workers' union announces first strike

A major union representing tens of thousands of people at South Korean tech giant Samsung Electronics said Wednesday that workers will go on strike for the first time, potentially threatening key global semiconductor supply chains.

India's capital hits record 50.5 Celsius in fierce heat wave

Temperatures in India's capital soared to a record-high 50.5 degrees Celsius (122.9 Fahrenheit) Wednesday, as authorities warn of water shortages in the sprawling mega-city.

Cannes trans actor files complaint over far-right 'sexist insult'

The first transgender woman to be awarded Best Actress at the Cannes Film Festival on Wednesday filed a legal complaint over a "sexist insult" from a far-right politician after her win.

Asian markets fall on US rate concerns, oil rises after attack

Equities fell Wednesday on lingering worries about the outlook for US interest rates, while oil prices extended their gains after an attack on a ship in the Red Sea stoked fresh worries about supplies from the Middle East.

Royal Mail owner accepts Czech billionaire's takeover

The owner of Britain's struggling Royal Mail said Wednesday it had accepted a takeover proposal from Czech billionaire Daniel Kretinsky worth £3.6 billion ($4.6 billion).

Asian markets fall on US rate concerns, oil rallies after attack

Equities fell Wednesday on lingering worries about the outlook for US interest rates, while oil prices extended their rally after an attack on a ship in the Red Sea stoked fresh worries about supplies from the Middle East.

Samsung Electronics union announces first-ever strike

A major union representing tens of thousands of people at South Korean tech giant Samsung Electronics said Wednesday that workers will go on strike for the first time ever, potentially threatening key global semiconductor supply chains.

IMF lifts China growth forecast but warns on industrial policy

The International Monetary Fund on Wednesday raised its yearly growth forecast for China, but warned that Beijing's industrial policy risks a "misallocation" of resources and could harm trade.

Asian markets retreat on US rate concerns, oil rallies after attack

Most equities fell Wednesday on lingering worries about the outlook for US interest rates, while oil prices extended their rally after an attack on a ship in the Red Sea stoked fresh worries about supplies from the Middle East.

Rohingya forced to fight alongside Myanmar army tormentors

Rohingya mother Sofura Begum has spent years in a squalid refugee camp after fleeing Myanmar. Now her teenage son has been taken to fight alongside the troops that put her there.

Pervert or pioneer? The entrepreneur trying to get S. Korea into porn

When entrepreneur Lee Hee-tae told his parents he was going into the porn business, he urged them not to worry about social disapproval in conservative South Korea and to think about the money instead.

IMF lifts China's 2024 growth forecast to 5%

The International Monetary Fund on Wednesday raised its 2024 growth forecast for China to five percent, citing recent policy moves by Beijing to boost its struggling economy.

Exxon plays hardball against climate NGOs. Will investors care?

ExxonMobil investors will have a chance to weigh in at Wednesday's annual meeting on the company's hardball approach to the latest shareholder challenge from environmentalists over climate change.

Record books to be rewritten as MLB adopts Negro Leagues stats

Major League Baseball's record books are set to be rewritten as the sport formally incorporates statistics from the racially segregated Negro Leagues of 1920-1948 into its official history, reports said on Tuesday.

Melinda French Gates donates $1bn for women's issues

Philanthropist Melinda French Gates, who was previously married to Microsoft co-founder Bill Gates, said Tuesday she was giving $1 billion to people and organizations working to promote women's issues.

Sawt Falasteen - Economy (English)