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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WTO talks end with no major win, throwing trade body into 'crisis'

A high-level WTO conference ended Saturday with a temporary extension of an e-commerce moratorium but no deals on agriculture and fisheries, throwing into doubt the effectiveness of the multilateral trade body.

Stocks end week at fresh records as Nvidia tops $2 tn

Wall Street stocks finished the week with a flourish Friday behind continued momentum for equities tied to artificial intelligence, especially Nvidia, which finished wih a valuation above $2 trillion for the first time.

Muted outcome of WTO talks throws trade body into 'crisis'

A high-level WTO conference ended Saturday with the extension of an e-commerce moratorium but no deals on agriculture and fisheries, throwing into doubt the effectiveness of the multilateral trade body.

WTO talks risk train wreck finish as deadline looms

A high-level WTO conference is likely to end Friday with no major wins, throwing into doubt the effectiveness of the multilateral trade body, according to sources close to the talks.

Spirit Aerosystems shares surge on report of possible Boeing buy

Shares of Spirit AeroSystems surged Friday following a report it could be bought by Boeing as the aviation giant seeks to right itself amid its latest safety crisis.

Universal-TikTok feud ramps up as more songs come down

Universal Music Group has lambasted TikTok's approach to AI as the feud between the two companies over song royalties escalates and popular music is expunged from the social media platform.

Stocks rally rolls on into March

Stocks markets continued to push into record territory across the globe on Friday as investor excitement over artificial intelligence fed a months-long rally.

Eurozone inflation dips further in February

Eurozone inflation continued to ease in February, data showed Friday, but economists warned it was unlikely to push the European Central Bank to cut interest rates next month.

Ancelotti says Real 'must not forget' Vinicius racist abuse on Valencia return

Carlo Ancelotti insisted Real Madrid 'must not forget what happened' as the La Liga leaders return to Valencia Saturday where forward Vinicius Jr was racially abused last season.

European stock markets climb as eurozone inflation eases

Europe's stock markets climbed Friday as investors welcomed a slowdown in eurozone inflation, while Wall Street opened mixed after setting new records.

'Difficult discussions' as WTO talks run beyond deadline

The world's trade ministers were locked in deadlocked negotiations Friday following overnight talks as a major WTO conference postponed its closing session for a fourth time with no deals in sight.

European stock markets mostly climb as eurozone inflation eases

Europe's stock markets mostly climbed Friday as investors digested news of a smaller-than-expected slowdown in eurozone inflation.

World resource extraction could surge 60% by 2060, UN warns

Extraction of Earth's natural resources could surge 60 percent by 2060, imperilling climate goals and economic prosperity, the UN said Friday, calling for dramatic changes in energy, food, transport and housing.

'Difficult discussions' as WTO talks extended for third time

The world's trade ministers entered a last stretch of talks on Friday following overnight negotiations as a major World Trade Organization conference postponed its closing session for a third time.

Swiss central bank head steps down in surprise move

The head of Switzerland's central bank, Thomas Jordan, will step down in September after 12 years in charge, the bank said in a surprise statement Friday.

French farmers protest near Paris's Arc de Triomphe

French farmers ringed Paris's famed Arc de Triomphe monument with tractors on Friday, saying the protest was aimed "at saving French agriculture", the Rural Coordination union said.

Energy-related CO2 emissions hit record levels in 2023: IEA

Energy-related carbon dioxide emissions rose to a record level in 2023, but the growth slowed from previous years thanks to continued expansion of clean technologies, the International Energy Agency said Friday.

Asian markets mostly up after US gains

Asian markets were largely higher on Friday following Wall Street gains driven by tech rallies and key US inflation data that met investors' expectations.

Riding high on AI, Nvidia is no bubble, says Wall Street

The emergence of AI bots like OpenAI's ChatGPT and Google's Bard has fueled a massive rise in share prices of chip-making juggernaut Nvidia, with its skyrocketing stock now making it the world's fourth biggest company by market capitalization.

US stocks rise on inflation report as Nasdaq hits record

Wall Street stocks rose Thursday after a key US inflation measure brought investors some relief, though global markets were mixed over questions of when interest rates might start coming down.

Moldova keeps cool after Russia 'protection' call

Moldovans dismissed talk of tensions on Thursday, a day after pro-Russian rebel officials in the country's breakaway region of Transnistria appealed to Russia for "protection".

US Fed official says open to 'summer time' interest rate cut

The speed at which US inflation is easing means it will likely be appropriate for the Federal Reserve to start cutting interest rates over the summer, a senior Fed official said Thursday.

Stocks little changed after mixed US inflation report

Major stock markets were little changed Thursday after the latest US inflation report failed to settle the question of when interest rates could start coming down.

European airlines, facing jet delivery delays, see profits soar

Europe's aviation industry is extending its bounceback from the Covid pandemic, as British Airways owner IAG and Franco-Dutch rival Air France-KLM posted bumper 2023 profits Thursday.

US probes security risks posed by Chinese tech in cars

US President Joe Biden announced an investigation Thursday into the national security risks posed by Chinese tech in cars, warning they could be used to collect sensitive data.

Chloe's new designer returns to roots

For her first collection at the head of Chloe, designer Chemena Kamali looked back to the 1970s of the Parisian house and the blend of feminity and bohemian chic of its then-designer Karl Lagerfeld.

Stocks climb after US inflation dips

Major stock markets rose Thursday after US and European inflation slowed, renewing hopes for interest rate cuts.

Actor Godreche denounces sexual violence in evidence to French Senate

Actor Judith Godreche on Thursday denounced France's "incestuous" film industry, urging authorities to reform French cinema to protect young actresses from sexual violence, in testimony to the Senate upper house.

Italy says it wants Chinese carmakers but only under conditions

Italy will closely study any investments by Chinese carmakers, a minister said Thursday, after another minister said Wednesday the country was in talks with three Chinese manufacturers.

At least 24 dead in migrant shipwreck off Senegal

At least 24 people seeking to reach Europe drowned off northern Senegal when their loaded vessel sank, the governor of the Saint Louis region told AFP on Thursday.

British Airways owner IAG, Air France-KLM post bumper profits

Europe's aviation industry extended a bounceback from the Covid pandemic on Thursday, as British Airways owner IAG and Franco-Dutch rival Air France-KLM posted bumper 2023 profits.

Stock markets mixed before US inflation data

Major stock markets traded mixed Thursday before the release of US inflation data that could present a clearer idea on when the Federal Reserve will start cutting interest rates as inflation cools.

Sawt Falasteen - Economy (English)