Sawt Falasteen - Economy

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Featured

IMF chief says has 'optimism' and 'worry' after Bangkok annual meetings

International Monetary Fund chief Kristalina Georgieva said on Saturday this year's Annual Meetings with global policymakers were marked by "optimism and worry" as the event winds down in Bangkok.

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.

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Crunch time looms for BHP's bid to buy Anglo American

Mining behemoth BHP must overcome major hurdles to salvage its faltering pursuit of rival Anglo American, analysts said Monday as a midweek deadline over the seismic takeover bid approaches.

'Heart of the left': ruling party fights to keep Mexico City

A cable car soars above brightly painted houses, winding streets and evocative murals in a densely populated Mexico City neighborhood pivotal to the ruling party's chances of keeping control of the capital in upcoming elections.

Asian markets slump as traders take profits, eye commodities' spike

Asian markets suffered a downturn Tuesday after racking up a series of gains as profit-takers stepped in, while traders were also spooked by a surge in commodity prices.

Parent company of Trump's Truth Social posts $328 mln loss

Trump Media and Technology Group, which owns former US president Donald Trump's social media platform Truth Social, lost more than $300 million in the first quarter of 2024, it said Monday.

Sick of tourists, Japan town blocks view of Mt Fuji

A Japanese town began mounting a large mesh barrier at a popular viewing spot for Mount Fuji on Tuesday, in an attempt to deter photo-taking by an ever-growing number of tourists.

Nasdaq and gold hit record highs

The Nasdaq hit a fresh record Monday as leading bourses mostly rose, while gold also scored a new all-time high as the shock death of Iranian President Ebrahim Raisi helped bolster the haven investment.

OpenAI to 'pause' voice linked to Scarlett Johansson

ChatGPT-maker OpenAI on Monday said it was working on temporarily muting a synthetic voice that sounds a lot like that of actress Scarlett Johansson.

Women's tennis signs 'multi-year partnership' with Saudi investment fund

The women's tennis tour (WTA) on Monday announced "a multi-year partnership" with the Saudi Arabian sovereign wealth fund (PIF), emulating a deal made by the men's tour (ATP) in February.

Cargo ship that destroyed Baltimore bridge towed to port

The cargo ship that collided with a Baltimore bridge nearly two months ago, collapsing it and killing six highway workers, was refloated on Monday and towed back into port.

Gold hits record high as Iran shock triggers haven support

The price of gold hit a record high Monday as the shock death of Iranian President Ebrahim Raisi in a helicopter crash boosted support for the precious metal seen as a haven investment.

US inflation fight will take 'further time': senior Fed official

The US Federal Reserve should keep interest rates at their current elevated levels for longer than previously expected due to disappointing recent inflation data, a senior bank official said Monday.

Ruto on first state visit by Kenyan leader to US in two decades

Kenyan President William Ruto meets his US counterpart Joe Biden in Washington this week, with the crisis in Haiti and efforts to build trade ties likely to top the agenda.

Gold hits high as Iran shock triggers haven support

The price of gold hit a record high Monday as the shock death of Iranian President Ebrahim Raisi in a helicopter crash boosted support for the precious metal seen as a haven investment.

Paralympics should put disability back on global agenda, says IPC chief

The Paris Paralympics are expected to give the movement the biggest boost since the mould-breaking 2012 London Games – and organisers hope they will help to move the rights of disabled people to the top of the list of global priorities.

Crunch time looms for BHP's bid buy Anglo American

Mining behemoth BHP must overcome major hurdles to salvage its faltering pursuit of rival Anglo American, analysts said Monday as a midweek deadline over the seismic takeover bid approaches.

Markets rise as traders cheered by China property plan

Equities rose Monday, extending a rally in New York that saw the Dow close at a record high, with sentiment boosted by China's plan to support its struggling property sector and hopes for a US interest rate cut.

Black farmers in Brazil changing views on coffee production

Raphael Brandao beams with pride as he describes the high-end Brazilian coffee he produces with beans sourced exclusively from Black farmers in a country where many still associate the product with slavery.

Ryanair annual profit jumps on higher demand, fares

Irish no-frills carrier Ryanair on Monday said group net profit jumped a third to 1.92 billion euros in its financial year as higher demand and fares offset ballooning fuel costs.

Mexico aims to be big economic winner from US-China tensions

Sparks fly as a laser slices through metal in a factory in Mexico, which is preparing for a wave of foreign investment thanks to heightened tensions between the United States and China.

France's Macron calls fresh emergency on New Caledonia unrest

French President Emmanuel Macron called a meeting of his defence and security council for Monday to discuss the deadly unrest in the Pacific territory of New Caledonia.

How a French director pulled off Cannes's crazy Mexican narcos hit

A musical set in Mexico but filmed in the Paris suburbs by a director who does not speak Spanish and with a trans woman playing a man -- "Emilia Perez" is perhaps the craziest movie at the Cannes Film Festival.

Cannes narco musical star says being trans should be 'unimportant'

Karla Sofia Gascon, the Spanish star of Cannes frontrunner "Emilia Perez", said Sunday trans people were human beings like everybody else and their gender should be "unimportant".

France says will quell New Caledonia riots 'whatever the cost'

French forces smashed through dozens of barricades in a bid to retake the main road to New Caledonia's airport and a top official said Sunday that France would reclaim all of the Pacific territory from independence militants "whatever the cost".

Can we rid artificial intelligence of bias?

Artificial intelligence built on mountains of potentially biased information has created a real risk of automating discrimination, but is there any way to re-educate the machines?

Chinese director Jia mines leftover footage for top Cannes film

Veteran director Jia Zhang-Ke has boldly repurposed the leftover material he has amassed across his entire career to create a brand new film.

Death toll from Texas storm rises to 7

The death toll from severe weather that lashed the Texas city of Houston has risen to seven, authorities said Friday.

Anti-Haitian wall: Dominican president's reelection trump card

A prison-like watchtower casts a pall over an otherwise idyllic tropical beach in the Dominican Republic's extreme southwest.

Protest after Peru classifies transsexuality as mental disorder

LGBTQ groups protested Friday outside Peru's health ministry after the government issued a decree listing transsexualism as a mental disorder.

Dow finishes above 40,000 for first time as rally pauses in Europe

The Dow scored its first-ever finish above 40,000 points Friday in a flourishing end to a week of records after a subdued session in Europe and a rally in some Asian markets.

Mercedes workers reject union in Alabama in setback for labor

Workers at Mercedes-Benz's Alabama facilities have rejected a union drive in a setback to the United Auto Workers' ambitious campaign to organize the American South, according to results released Friday by US authorities.

Higher US food prices lead to a shift in shopping habits

"I don't really shop for groceries as often as I used to," said Jasmine Reed, 32, outside a store in northern Virginia, as she explained the impact of higher food prices on her shopping habits.

French marines patrol New Caledonia after deadly riots

French marines on Friday patrolled the French Pacific territory of New Caledonia, which local authorities said was "calmer" after days of riots over voting reform that have left five dead and hundreds injured.

Sawt Falasteen - Economy (English)