Sawt Falasteen - Economy

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France faces day of cost-of-living protests

French authorities detained dozens on Saturday at the start of nationwide protests against the cost of living, in what is likely to be a key indicator of the social climate heading toward elections to replace President Emmanuel Macron.

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.

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US to raise tariffs on $18 bn of China imports including chips

The United States is hiking tariffs on $18 billion worth of Chinese imports, targeting strategic sectors like electric vehicles, batteries, steel and critical minerals, the White House said Tuesday.

China tech giant Alibaba posts modest yearly revenue growth

Chinese e-commerce giant Alibaba announced Tuesday a modest increase in annual revenue, as the firm pursues a major overhaul and regulatory curbs on the country's tech sector are relaxed.

Swiss nursery lets robot do the talking

Sat in a circle on the nursery floor, a group of Swiss three-year-olds ask a robot called Nao questions about giraffes and broccoli.

EU signs off on asylum overhaul

The EU on Tuesday gave the final green light to a landmark overhaul of its migration and asylum policies that will see hardened borders and responsibility shared among member states.

Stock markets diverge on eve of key US inflation data

European and Asian stock markets were flat to slightly lower Tuesday on the eve of key US inflation data that could have a huge bearing on the extent of US interest rate cuts this year.

Sony net profit dips on-year as PlayStation sales fall

Sony on Tuesday warned of falling profits this year as PlayStation 5 unit sales decline, after reporting a dip in annual earnings while also staying mum on a reported bid for Paramount.

Anglo American to split group after rejecting BHP bid

Anglo American said Tuesday it would offload steelmaking coal, diamond and platinum businesses and focus on critical minerals as it fights off a massive takeover bid by Australian rival BHP.

Uber to buy Delivery Hero's Foodpanda in Taiwan for US$950 mn

Ride-hailing giant Uber said Tuesday it has reached a deal with Delivery Hero SE to buy its Foodpanda delivery business in Taiwan for US$950 million.

Sony net profit dips on-year but beats estimate

Sony said Tuesday that annual net profit dipped 3.5 percent on-year but beat its forecast as takings in games and music offset losses in the financial and chip sectors.

European rights court to make final decision on Semenya

Caster Semenya's costly legal marathon enters its last lap as the highest chamber of the European Court of Human Rights (ECHR) on Wednesday begins a hearing into whether the double Olympic champion can be required to lower her testosterone levels to compete.

Taboo to brew: conservative Gulf gets first local beer

Inside his Abu Dhabi gastro pub, Chad McGehee inspects shiny steel tanks fermenting a special brew: the first beer made in the conservative Arab Gulf, where alcohol has long been taboo.

Anthropic AI assistant 'Claude' arrives in Europe

Anthropic on Monday announced that its artificial intelligence assistant "Claude" is available in Europe after launching in the United States earlier this year.

US authorities demolish part of collapsed Baltimore bridge

Demolition experts used explosives Monday to remove part of a collapsed bridge in Baltimore and free a cargo ship that has been trapped since it rammed into the structure in March.

OpenAI gives ChatGPT new powers to see, hear

OpenAI on Monday released a higher performing and even more human-like version of the artificial intelligence technology that underpins its popular generative tool ChatGPT, making it free to all users.

Global stocks tread water ahead of US inflation data

Global markets were in cautious mode Monday with Wall Street marking time while major European stock markets put the brake on following a record run last week as investors wait on key US inflation data.

OpenAI releases faster model to power ChatGPT

OpenAI on Monday released a higher performing and more efficient version of the artificial intelligence technology that underpins its popular generative tool ChatGPT, making it free to all users.

Melinda Gates to leave Gates Foundation, keeps $12.5bn for her work

Philanthropist Melinda French Gates announced Monday she was leaving the nonprofit foundation she established with her ex-husband Bill Gates -- an organization that has become one of the most influential in the world.

ChatGPT-maker OpenAI releases latest free model GPT-4o

OpenAI on Monday released a higher performing and more efficient version of the artificial intelligence technology that underpins its popular generative tool ChatGPT, making it free to all users.

Melinda Gates to leave Gates Foundation, getting $12.5 billion

Melinda French Gates announced Monday she was leaving the philanthropy mega foundation she established with her ex-husband, Microsoft co-founder Bill Gates.

Iran director's escape, MeToo tensions build off-screen drama at Cannes

The escape of an Iranian director and rumours over fresh MeToo allegations were setting the scene Monday for a dramatic Cannes Film Festival, already packed with Hollywood icons and attention-grabbing films.

Global share markets put brake on ahead of inflation data

Georgians protest anti-NGO bill as ruling party vows to adopt

Hundreds of young Georgians crowded outside parliament on Monday ahead of a third straight night of protests against a "foreign influence" bill that has split the Caucasus country and triggered international condemnation.

IMF gives draft approval to Argentina payout of almost $800 mn

IMF staff have reached an agreement with Argentina on a loan program review that should unlock almost $800 million in much-needed funds for the Latin American country, the Washington-based financial institution said Monday.

US Fed vice chair says interest rates should remain on pause

The US central bank should keep interest rates at their current "restrictive" levels until it sees real progress in the fight to lower inflation, a senior Fed official said Monday.

Anglo American rejects BHP's improved takeover bid

Australian mining giant BHP revealed Monday that British rival Anglo American has rejected an "improved" takeover bid worth £34 billion ($43 billion) as it aims to create a copper titan.

Bid to end deadly cooking methods which stoke global warming

Fifty countries are meeting in France on Tuesday to discuss the lack of access to clean cooking methods worldwide which causes millions of deaths every year and fuels global warming.

European stocks waver after record run

European equities wavered Monday as dealers paused with key US inflation data on the horizon, having smashed records last week on increasing hopes of interest rate reductions and after Britain emerged from recession.

France announces 'record' foreign investments worth 15 bn euros

France has received combined investment commitments from foreign companies of more than 15 billion euros ($16.2 billion), President Emmanual Macron's office said Monday.

Maldives gets IMF debt warning as more Chinese loans loom

The International Monetary Fund warned the Maldives against looming "debt distress" Monday, as the small but strategically placed luxury tourist destination looks set to borrow more from main creditor China.

US, Japanese banks lead fossil fuel financing

The world's biggest banks financed fossil fuels to the tune of $705 billion in 2023, with US and Japanese lenders leading the way, an annual report by climate campaigners said Monday.

China says to sell initial batch of long-dated bonds this week

China will start selling an initial batch of long-dated bonds this week, the Ministry of Finance announced Monday, as Beijing looks to increase support for the world's second-largest economy.

Sweden's small game studios punching above their weight

"Minecraft", "Valheim", and "Raft", just to name a few: Small or even one-man teams from Sweden have produced more video game hits than one would expect from a small country.

Sawt Falasteen - Economy (English)