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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IMF officially starts process to find new managing director

The International Monetary Fund officially launched the selection process to find the organization next leader on Wednesday, with current managing director Kristalina Georgieva widely tipped for a second five-year term.

IMF officially process to find new managing director

European stocks advance as Wall Street trades sideways

European stock markets rose Wednesday, with Paris and Frankfurt setting new records, while Wall Street churned after rising the previous day despite a mixed inflation report.

Cuba's currency conundrum: four ways to pay

"How can I pay you?": In Cuba, the question goes beyond cash or card as citizens grapple with four different currencies, turning them into amateur traders as they try to squeeze the most value out of their money.

US sanctions 3 for organizing Bosnian Serb 'national day'

The US Treasury Department unveiled sanctions Wednesday against three individuals for undermining the "peace and stability of Bosnia and Herzegovina" by helping to organize an "unconstitutional" celebration of Bosnian Serb identity.

UK agrees closer Texas trade ties as US talks stall

Britain signed a trade agreement with Texas on Wednesday after it failed to secure a post-Brexit deal with the wider United States.

European stocks advance and bitcoin hits record high

European stock markets advanced on Wednesday, with Frankfurt setting a new record, while Wall Street struggled to hold onto gains made despite a less-than-stellar inflation report.

Streaming giant Spotify adds music videos to output

Music streaming giant Spotify on Wednesday announced it would be posting music videos on its platform in "select markets", entering an arena long dominated by YouTube.

Volkswagen 2023 profits rise, but warns on slow sales growth

German auto giant Volkswagen on Wednesday reported a forecast-beating rise in profits for 2023 as vehicle deliveries rebounded but warned of slower sales growth this year, sending its shares down.

What's included in the new EU law on AI

The European Parliament on Wednesday gave the final nod to far-reaching rules on artificial intelligence that the EU hopes will both harness innovation and defend against harms.

Australian wine industry toasts expected end to China tariffs

The Australian wine industry welcomed news on Wednesday that China could begin lifting punitive tariffs within weeks, raising hopes that the country's red wine glut will soon ease.

Volkswagen's 2023 profits rise, outlook for this year cautious

German auto giant Volkswagen on Wednesday reported a forecast-beating rise in profits for 2023, boosted by higher vehicle deliveries, but gave a cautious outlook for this year.

Cathay Pacific 'is back' with first annual profit since 2019

Hong Kong carrier Cathay Pacific on Wednesday reported its first annual net profit in four years, citing a surge in demand as it emerges from the impact of the financial hub's Covid isolation.

Cathay Pacific reports first annual profit since 2019

Hong Kong carrier Cathay Pacific on Wednesday reported its first annual net profit in four years, citing "significant pent-up demand for travel" following the pandemic.

Childhood deaths at record low, but progress 'precarious': UN

The number of children worldwide who died before age five reached a record low in 2022, the United Nations said in a report published Tuesday, as for the first time fewer than five million died.

Gunman surrenders after three-hour hostage ordeal on Rio bus

A gunman wounded two people at Rio de Janeiro's main bus station Tuesday and held 17 passengers hostage for three hours before being convinced to surrender, police said.

Boeing says employees must take 'immediate' action on safety measures

US aeronautics giant Boeing, facing increased scrutiny after a series of safety incidents and manufacturing issues, is directing employees to take "immediate actions" to improve operations, according to a message the company sent to its workforce Tuesday.

Mexican journalist feared kidnapped, authorities say

A well-known journalist and broadcaster missing in western Mexico is believed to have been kidnapped, authorities said Tuesday.

Wall Street stocks rise as traders shake off uptick in inflation

Global stock markets rose Tuesday after investors shrugged off a hotter-than-expected US inflation report and dived back into technology stocks.

Queen Camilla immortalised as Barbie

Barbie may not have won at the Oscars, but she made a new friend Tuesday: Queen Camilla, who was immortalised as one of the iconic dolls.

French PM warns of 'tipping point' in Ukraine

French Prime Minister Gabriel Attal on Tuesday told parliament that Ukraine's fight against the Russian invasion had hit a "tipping point", warning of "real, tangible dangers" for France should Russia defeat Kyiv's forces.

Photo furore a 'PR disaster' UK royal family can ill afford

When the UK's Daily Mail, a loyal champion of the monarchy, splashes the headline "How did Kate photo become a PR disaster?", it is clear the royal family has a problem.

US consumer inflation up unexpectedly in February

Consumer inflation posted a surprise acceleration in February, US government data showed Tuesday, a development that could give policymakers pause as they mull the right time to start interest rate cuts.

Germany launches major subsidy scheme for greener industry

Germany on Tuesday launched what it called "an innovative" multi-billion-euro subsidy scheme aimed at turbocharging investments that will make industrial production in Europe's top economy more climate friendly.

French startup Mistral AI vows to maintain open source

French startup Mistral AI, a rising star in artificial intelligence, pledged Tuesday to maintain open source coding even as it launches into a venture with Microsoft that involves selling some of its software.

Lego steams ahead despite struggling toy market

Lego cemented its position as the world's biggest toymaker last year despite logging its first decline in net profit since 2017 and slumping sales in China, company results showed Tuesday.

Most markets push higher as US inflation data looms

Equity markets mostly rose Tuesday following the previous day's sell-off, with focus on the release of US inflation data that could play a key role in the Federal Reserve's decision-making on cutting interest rates.

Ukraine's drone industry seeks to tip scales against Russia

With suit-clad employees sipping coffees, Skyeton's offices in Ukraine's Kyiv region look like a typical tech start-up.

Black box seized after 'technical' failure on Boeing-made LATAM plane

New Zealand investigators Tuesday seized the flight recorder from a Boeing-made LATAM plane, searching for the cause of a mid-air plunge that injured dozens of terrified travellers.

Ancient community banking enters digital age in Cameroon

Joseph Ngono's face lights up with a smile as he looks at his smartphone, where a payment worth $830 has just appeared in his digital wallet.

Unemployed Afghans risk death and debt in hunt for gold

Tearing off a piece of mouldy flatbread, Homayon gulped tea in a brief reprieve from the din of the machines he and a dozen other men were using to dig for gold on a mountainside in northeastern Afghanistan.

Watchdogs probe 'technical' failure on Boeing-made LATAM plane

Airline watchdogs were on Tuesday investigating why a Boeing-made plane bound for New Zealand violently lost altitude mid-flight, injuring a host of terrified passengers.

Sawt Falasteen - Economy (English)