Sawt Falasteen - Economy

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Featured

Brazil's right embraces election betting odds amid polls skepticism

Polymarket, the world's largest prediction market, may be banned in Brazil, but right-wing figures have embraced its election odds as an accurate litmus test of voter intent, amid distrust of opinion polls.

Leaders weigh 'huge benefit', risks of AI for global economy

The artificial intelligence boom has been a key driver of global growth, but also poses economic risks should investment in the technology falter, experts and policymakers said this week at the IMF-World Bank Annual Meetings in Bangkok.

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Labour pledges to renationalise UK railways

Britain's main Labour opposition on Thursday vowed to renationalise the UK's much-maligned rail services within five years if it wins a general election due later this year.

US to give Micron $6.1 bn for American chip factories

Micron is set to receive up to $6.1 billion in grants from the US government to help build its semiconductor plants in New York and Idaho, the White House said Thursday.

BHP launches $38.8 billion takeover bid for rival Anglo American

Australian mining giant BHP confirmed on Thursday a $38.8 billion takeover bid for British rival Anglo American, a colossal deal with the potential to fundamentally reshape the sector.

Blades of Paris landmark Moulin Rouge windmill collapse

The blades of the Moulin Rouge windmill, one of the most famous landmarks in Paris, collapsed during the night, firefighters said on Thursday, just months before the French capital hosts the Olympics.

The Myanmar 'water brothers' salvaging shipwrecks on the tide

Diving into the darkness of the Yangon River, Than Nyunt starts another murky sortie in his months-long mission to salvage a sunken ship using the power of the moon.

Asian markets mixed as global rally stalls, eyes on yen

Asian equities were mixed Thursday as investors turned cautious after the past three days' sizeable gains, with Meta's warning that it will spend far more than expected this year fuelling worries that the latest tech-led rally may have gone too far.

The guardian angels of the source of the Seine

The river Seine, the centrepiece of the Paris Olympics opening ceremony in July, starts with a few drops of water in a mossy grotto deep in the woods of central France.

As 'news deserts' spread, US journalism fights on

Baltimore Banner reporter Matti Gellman is first to leap in with questions during a recent press appearance by Maryland's state governor and celebrity chef Jose Andres at an urban farm.

Tough times for Argentine factories as consumers penny-pinch

Argentina's factories, like many economic sectors, are floundering as consumers hit by sky-high inflation and shrinking income buy fewer goods.

Car giants vie for EV crown at Beijing's Auto China show

Chinese car giants locked in a cut-throat price war descend on the capital for the start of the Auto China show Thursday, vying to draw consumers and headlines in the world's biggest electric vehicle market and abroad.

Strong fleet sales offset electric losses at Ford

Strong sales in Ford's fleet business offset deep losses in electric vehicles where the Detroit auto giant has delayed some investments, according to results released Wednesday.

US Supreme Court seems split on Idaho abortion ban

The US Supreme Court appeared divided Wednesday on whether Idaho's near-total ban on abortion conflicts with a federal law requiring hospitals to stabilize patients needing emergency care, in a case that carries potentially sweeping national consequences.

Mass cancellations loom despite French air union cancelling strike

Hundreds of flights were cancelled at French airports Thursday despite the country's main air traffic controllers' union dropping a call for a one-day strike after making a deal for higher pay.

France's Casino supermarket chain to axe up to 3,200 jobs

French supermarket group Casino said Wednesday it would axe between 1,300 and 3,200 jobs as part of a reorganisation following its recent takeover led by Czech billionaire Daniel Kretinsky.

Mired in crisis, Boeing reports another loss

Troubled aviation giant Boeing reported a first-quarter loss of $343 million on Wednesday, reflecting recent safety troubles that have slowed production and deliveries.

US Supreme Court to hear high-stakes case on Idaho abortion ban

The US Supreme Court was set to hear a crucial case Wednesday weighing whether Idaho's near-total ban on abortion violates federal law requiring hospitals to stabilize patients needing emergency care.

Germany nudges up growth forecast, ailing economy at 'turning point'

The German government slightly increased its 2024 growth forecast Wednesday, saying there were signs Europe's beleaguered top economy was at a "turning point" after battling through a period of weakness.

EU lawmakers agree to exit energy treaty over climate fears

The European Parliament on Wednesday backed the EU's withdrawal from an international energy treaty over concerns it offers too much protection to fossil fuel companies.

Thousands in heatwave-hit Bangladesh pray for rain

Thousands of Bangladeshis gathered to pray for rain on Wednesday in the middle of an extreme heatwave that prompted authorities to shut down schools around the country.

Italy fines Amazon over 'recurring' purchase option

Italy's competition authority said Wednesday it had fined two Amazon companies 10 million euros ($10.6 million) for unfair commercial practices, for pushing customers into agreeing to "recurring" rather than "one-time" purchases online.

Malaysian airline mogul Fernandes delays retirement

Malaysia's Tony Fernandes, one of Asia's most prominent entrepreneurs, has decided to extend his contract as chief executive of Capital A, the firm said Wednesday, after the board persuaded him to delay his planned retirement.

Heineken beer sales pop but hazy days ahead

Dutch brewer Heineken said Wednesday its beer sales were up but saw a "challenging and uncertain" economic outlook and couldn't guarantee the same growth for the rest of the year.

Chinese sellers go to TikTok school to reach buyers abroad

Donning hijabs and floor-length abaya gowns over shorts and tank tops, Chinese students at an e-commerce school perform into a smartphone camera as they learn how to sell the clothes to overseas TikTok users.

German forecast to offer signs if ailing economy on the mend

The German government will present its latest growth forecasts on Wednesday as Europe's crisis-hit top economy shows tentative signs it is finally turning a corner.

Top price predicted for long-lost Klimt portrait at Vienna auction

A painting by symbolist icon Gustav Klimt that reappeared after nearly a century will be sold at auction in Vienna on Wednesday despite questions surrounding its provenance.

Biden hammers Trump on abortion in Florida

US President Joe Biden hammered Donald Trump on Tuesday over his role in restricting abortion rights, telling a crowd in Florida that voters will hold his Republican predecessor and opponent personally "accountable" in November.

US markets rise for second straight day as sentiment improves

US stocks rose for a second straight session in New York Tuesday, building on the prior day's momentum following a round of mostly good corporate earnings, while European markets also rose.

Starbucks set for talks with unionized US stores

Starbucks is set to hold talks with labor representatives from stores that have voted to unionize in a key step towards reaching contracts, both sides said Tuesday.

French police union threatens to disrupt Olympics relay

A French police trade union threatened Tuesday to disrupt the Olympics torch relay ahead of the start of the Paris Games this July unless officers were given bonuses.

French air traffic controller strike threatens flight chaos

French air traffic controllers are to stage a one-day strike Thursday that risks seeing most flights cancelled at the two main Paris airports, France's leading aviation association warned Tuesday.

Milei announces Argentina's first budget surplus in 16 years

Argentina's spending-slashing new President Javier Milei has hailed his country's first quarterly budget surplus since 2008 as an "historic achievement."

UK Rwanda law sparks fear among migrants hoping to cross Channel

Britain's new law allowing the deportation of undocumented asylum seekers to Rwanda is sparking fear among migrants who have come to France in the hope of crossing the Channel to England.

Sawt Falasteen - Economy (English)