Sawt Falasteen - Economy

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Featured

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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World Bank approves $300 mn in new funding for Afghanistan

The World Bank's executive board has approved $300 million in new funds for Afghanistan, which it will deploy outside the control of the Taliban authorities, the development lender confirmed Thursday.

Four Xbox exclusives heading to rivals in big shift

Microsoft on Thursday shook up the video game world with word it is making some once-exclusive Xbox video games available for play on rival consoles.

Thom Browne's Poe-tinged dark romance ends NY Fashion Week

In a sparse warehouse dotted with trees, models sauntered down the catwalk in tweed coats to the sound of ravens as US designer Thom Browne closed New York Fashion Week with what he called a "romantically dark" show.

Musk fights US state of Delaware after Tesla pay debacle

Elon Musk is on the warpath against Delaware and its powerful business court, moving his SpaceX company out of the eastern US state after a judge struck down his $56 billion compensation package at Tesla.

US dollar dominance not under threat, despite risks: Fed official

The status of the US dollar as the world's reserve currency is likely to continue, despite threats posed by China's rise and the growth of cryptocurrencies, a US Federal Reserve official said Thursday.

Bitcoin's renewed euphoria as price keeps rising

Bitcoin is forecast to keep on rising after hitting fresh two-year highs above $50,000 on Thursday, leaving analysts to wonder whether investors have moved on from recent cryptocurrency setbacks, including scandals.

Global stocks rebound rolls on

A rebound in global stocks largely continued on Thursday despite lacklustre economic data in the United States and news the UK and Japanese economies had fallen into recession.

Mailed abortion pills found to be safe ahead of US ruling

Abortions administered as pills sent in the mail are just as safe and effective as those provided in person, a US study said Thursday ahead of a Supreme Court ruling on restricting the medication.

Giant teddy bear nabs Peru drug dealers in Valentine raid

Happy Valentine's Day, you're under arrest!

Global stocks rebound begins to fizzle

A rebound in global stocks appeared to fizzle on Thursday, with Wall Street held back by lacklustre data and London by news the UK economy had fallen into recession.

US retail sales in January log biggest fall in almost a year

Retail sales in the United States slipped more than anticipated last month, retreating after the holiday season and bogged down by auto sales and gas prices, government data showed Thursday.

US retail sales slump more than expected in January

Retail sales in the United States fell more than analysts anticipated last month, bogged down by weak auto sales and lower gas prices, government data showed Thursday.

Tractors gather in central Madrid in farmers' protest

Spanish farmers kept up their protests over the sector's troubles on Thursday, with tractors parked outside of the agriculture ministry in central Madrid before a meeting with Agriculture Minister Luis Planas.

EU cuts growth and inflation forecasts for 2024

The European Commission on Thursday cut both its growth and inflation forecasts for the eurozone in 2024, as it warned geopolitical tensions spelled rising uncertainty for the single-currency area's economy.

IEA warns on plummeting oil stocks

The International Energy Agency warned Thursday of plummeting oil stocks even as global growth in demand loses momentum.

Global stocks mainly rise, but London flatlines on recession news

Eurozone stocks chased Asia and New York higher Thursday as investors cheered bright earnings and mulled the outlook for US interest rate cuts, but London flatlined after it emerged that Britain has fallen into recession, dealers said.

Airbus posts 11 percent profit drop for 2023

European aviation giant Airbus on Thursday posted an 11 percent drop in net profit to 3.8 billion euros ($4.1 billion) in 2023, with past charges for its space business cutting into earnings.

UK economy slides into recession ahead of election

Britain is in recession, official data showed Thursday, dealing another blow to embattled Prime Minister Rishi Sunak, whose Conservative party is forecast to lose a general election expected this year.

EU cuts eurozone inflation, growth forecasts for 2024

'She said yes': Aussie PM reveals Valentine's Day engagement

Australian Prime Minister Anthony Albanese on Thursday revealed his Valentine's Day engagement to girlfriend Jodie Haydon, after "she said yes" to a carefully planned marriage proposal.

1,200 couples get hitched in Mexican mass wedding

Some 1,200 couples tied the knot in a mass ceremony on the outskirts of Mexico City on Wednesday, setting a record for the town of Nezahualcoyotl's annual Valentine's Day tradition.

Asian markets mostly up, tracking Wall Street gains

Most Asian markets rose Thursday, tracking a rebound in Europe and New York and following positive remarks from a senior Federal Reserve official that inflation was headed in the right direction.

Germany overtakes Japan as third-biggest economy

Once forecast to become the world's biggest economy, Japan slipped below Germany last year to fourth place, official data showed Thursday, although India is projected to leapfrog both later this decade.

Ubisoft launches long-awaited 'Skull and Bones' video game

After years of production headwinds, Ubisoft's oft-delayed pirate video game "Skull and Bones" is set to launch on Friday.

Two vessels involved in Trinidad oil spill

At least two vessels, a barge and a tugboat, were involved in the accident last week that sparked a massive, ongoing oil spill in Trinidad and Tobago, the government of the Caribbean nation said Wednesday.

Victims sue FBI for Epstein probe failings

A dozen victims of disgraced financier Jeffrey Epstein sued the FBI on Wednesday, accusing the agency of failing to adequately investigate allegations against the accused sex offender.

Senior US Fed official backs 'careful' approach to rate cuts

The US Federal Reserve should be "careful" about the timing of interest rate cuts, a senior bank official said Wednesday, adding to the cautious tone taken by US central bank officials in recent months about moving too quickly.

Argentina's annual inflation soars above 250% in January

Argentina's monthly inflation slowed slightly in January, but the prices of key goods and services rose 254 percent year-on-year, the statistics agency said Wednesday.

More hunger, less money: Argentine soup kitchens count rations

In an Argentine soup kitchen, empty plastic containers are piling up from hungry visitors, and the cooks are worried their limited supply of pasta will not be enough to fill them.

Renault bounces back in 2023 with net profit of 2.2 bn euros

French automaker Renault on Wednesday said it had bounced back into profit in 2023 as sales rose due to new models and price increases that helped it attain a record margin.

Sticky UK inflation stokes Bank of England rate-cut debate

British annual inflation steadied last month, official data showed Wednesday, but prices still rose at double the Bank of England's target rate, adding to uncertainty over the timing of an interest-rate cut.

Research shows lasting effects of smoking after quitting

Researchers are still discovering how smoking continues to harm people's health even years after they quit, with a new study on Wednesday revealing tobacco's lasting effect on the immune system.

Sawt Falasteen - Economy (English)