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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Israel denies Hamas claim troops killed 20 Gazans seeking aid

Gaza's Hamas-run health ministry said on Friday that Israeli fire killed 20 people and wounded 155 waiting to receive desperately needed aid in the besieged territory, but Israel said the reports were "erroneous".

Eyes on Bank of Japan as unions announce wage hikes

The results of key wage hike negotiations in Japan will be announced Friday, with a win for workers expected to set the stage for a hotly anticipated shift away from the central bank's ultra-loose monetary policy.

El Salvador stashes $406 million in bitcoin in 'cold wallet': Bukele

El Salvador's President Nayib Bukele said Thursday that his country has stored more than $400 million in bitcoin in an offline "cold wallet" as the cryptocurrency forges new record highs.

Asian markets sink on rate worries as US inflation surprises

Asian markets sank in line with Wall Street on Friday after a sharper-than-expected jump in US wholesale prices dealt a blow to hopes for interest rate cuts.

Will AI save humanity? US tech fest offers reality check

Artificial intelligence aficionados are betting that the technology will help solve humanity's biggest problems, from wars to global warming, but in practice, these may be unrealistic ambitions for now.

With bites rare, experts want sharks to shed scary reputation

As the northern hemisphere edges toward spring and millions flock to the beach, headlines have dubbed the southeastern US state of Florida the world's most likely place to be bitten by a shark.

Surging nerve system disorders now top cause of illness: study

Conditions affecting the nervous system -- such as strokes, migraines and dementia -- have surged past heart disease to become the leading cause of ill health worldwide, a major new analysis said on Friday.

Al-Shabaab attacks hotel in Somali capital

Islamist militants from the Al-Shabaab group on Thursday attacked a popular hotel near the presidential palace in Somalia's capital Mogadishu, security sources and witnesses said.

Vinicius condemns racist chants before Atletico Champions League game

Real Madrid star Vinicius Junior on Thursday condemned racist chants aimed at him by Atletico Madrid fans before the midweek Champions League match against Inter Milan.

IMF chief Georgieva says 'available to serve' for second term

The managing director of the International Monetary Fund has told AFP she is making herself "available to serve" for a second five-year term running the Washington-based financial institution, shortly after she received the backing of European finance ministers.

US, European stocks fall after hotter-than-expected producer prices

US and European stock markets mostly fell Thursday as the latest bout of indicators appeared to dent expectations the Federal Reserve might soon cut interest rates.

US VP Harris to make landmark abortion clinic visit

US Vice President Kamala Harris will tour an abortion clinic Thursday, highlighting a key election issue in what US media reported was the first such visit by a president or vice president.

British newspapers: Who owns what?

A UK government proposal to ban foreign states from owning British newspapers looks set to scupper plans for an Abu Dhabi-led bid to take over the Telegraph Media Group (TMG).

Retail sales in US rebound less than expected in February

US consumer spending warmed slightly in February, according to government data released Thursday, with retail sales regaining ground after an earlier hit from cold weather.

Biden opposes Nippon Steel takeover of US Steel

President Joe Biden said Thursday he is against the proposed sale of US Steel to Japan's Nippon Steel, as election year considerations appeared to outweigh the risk of angering key ally Japan.

Biden opposes Nippon Steel takeover of US Steel: statement

President Joe Biden said on Thursday he opposed the proposed sale of US Steel to Japan's Nippon Steel, in a move that could annoy Washington's close Asia-Pacific ally Tokyo.

Aid efforts intensify for famine-stalked Gaza

Efforts grew on Thursday to get more aid into the war-devastated Gaza Strip, where the UN warns of famine and desperate residents have stormed relief shipments.

Italy fines TikTok 10 mn euros for failing to protect minors

Italy's competition authority on Thursday fined TikTok 10 million euros (nearly $11 million), saying the hugely popular video app had failed to sufficiently protect minors.

Foxconn logs second straight quarter of profits as AI demand surges

Taiwanese tech giant Foxconn on Thursday reported a second straight quarter of profit growth, with the Apple supplier boosted by demand for AI hardware and infrastructure.

China says US TikTok vote follows 'logic of a bandit'

China on Thursday slammed the approval of a US bill that would ban TikTok unless it severs ties with its Chinese parent company, blasting Washington's "bandit" mentality and vowing Beijing would "take all necessary measures" to protect the interests of its companies overseas.

New US climate envoy wants China to speed up coal transition

China should speed up its transition from coal, the new chief US climate negotiator John Podesta said Thursday, while pledging to maintain open dialogue with Beijing.

Foxconn reports 33% rise in fourth-quarter net profit

Taiwanese tech giant Foxconn on Thursday reported a 33 percent jump in net profit during the final three months of 2023, marking the second straight quarter of growth for the Apple supplier.

At Texas arts and tech fest, virtual reality is perfectly human

At South by Southwest -- the gargantuan Texas festival for cinema, music and tech -- artists this year embraced virtual reality as a way to better connect with humanity, not escape it.

Aid ship slowly heads for Gaza as calls for assistance grow

A first boat loaded with 200 tonnes of food aid was making slow progress towards the Gaza Strip on Thursday as efforts grew to bring more humanitarian assistance to the Palestinian territory besieged by Israel.

At disused New York airport, a migrant camp isolated from the city

Gusts of wind lash the runways of a former airfield in New York as migrant families with children slowly walk across, eyeing the city's world-famous skyline off in the distance.

US urges Panama to remove flag from rogue Iranian ships

A United States special envoy on Wednesday urged Panama to stop Iranian ships from flying its flag, which allows Tehran to evade sanctions imposed by Washington.

Yellen says US economy unlikely to see 'stagflation'

The US economy is not expected to see stagflation, Treasury Secretary Janet Yellen said in an interview broadcast Wednesday, adding that most forecasters expect inflation to cool as housing costs move lower.

Brazil revs up for jolt of hybrid car investments

Brazil is charging up for a hybrid revolution as global car manufacturers race to pump billions of dollars into the development of green vehicles in Latin America's biggest economy.

Yellen says US unlikely to see 'stagflation'

The United States is not expected to see stagflation, Treasury Secretary Janet Yellen said in an interview broadcast Wednesday, adding that most forecasters expect inflation to cool as housing costs move lower.

UN agency says Israel struck Gaza warehouse amid race for aid

The main UN aid agency in war-ravaged Gaza said an Israeli strike Wednesday hit one of its warehouses, killing an employee, as calls intensified for land routes to bring food into the besieged territory.

UK to ban foreign state ownership of British newspapers

The UK announced Wednesday that it plans to bar overseas governments from owning British newspapers, a move that could scupper the contentious Abu Dhabi-led takeover of the Telegraph Media Group.

IMF launches leadership search with Georgieva tipped for 2nd term

The International Monetary Fund officially launched the selection process to find the organization's next leader on Wednesday, with current managing director Kristalina Georgieva widely expected to be renominated for a second five-year term at the Washington-based financial institution.

Sawt Falasteen - Economy (English)