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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Stock markets steady before US inflation data

Europe's main stock markets steadied Friday as traders reacted to more earnings updates from top companies, while awaiting revisions to US inflation data.

Magic touch: Japan's star conductor Seiji Ozawa

Two broken fingers in a rugby match changed everything for Seiji Ozawa, the celebrated Japanese conductor who blazed a trail in classical music, connecting Eastern traditions with the West.

Hermes celebrates record profit with staff bonuses

French luxury giant Hermes posted on Friday record annual sales and net profit, with plans to reward all employees worldwide with a bonus following strong growth in every region last year.

AI game trains young Chinese to face nosy relatives at New Year

Young Chinese flocking home for Lunar New Year this weekend have turned to an AI chatbot game to help train for the most dreaded social interaction of the year -- the dinner table interrogation by nosy relatives.

Holiday-hit Asian markets mixed, Wall St record fails to inspire

Asian markets were mixed in holiday-thinned trade Friday as investors struggled to build on another record-setting day on Wall Street, with focus on the upcoming release of key US inflation data.

S&P 500 flirts with 5,000 points while oil prices rally

The S&P 500 flirted with a landmark new peak Thursday, but finished just shy of 5,000 points, while oil prices shot higher on worries about the Middle East.

Meta removes Instagram, Facebook accounts of Iran's Khamenei

Meta on Thursday said it had removed the Facebook and Instagram accounts of Iran's supreme leader Ayatollah Ali Khamenei for violating its content policy.

US Senate votes to start work on Ukraine aid in shock turnaround

US senators cleared a first hurdle Thursday to a sweeping foreign aid package -- including a $60 billion lifeline for Ukraine -- although opposition from right-wing allies of Republican presidential candidate Donald Trump means final passage remains far from guaranteed.

US regulator declares AI-voice robocalls illegal

US regulators on Thursday declared scam "robocalls" made using voices created with artificial intelligence (AI) as illegal.

U.S. stock markets hover near record highs on positive earnings

U.S stocks were hovering near record levels Thursday as strong earnings reports were balanced by a feeling the market's rally may have gotten ahead of itself.

U.S. stock markets hover near record highs on positive earings

U.S stocks were hovering near record levels Thursday as strong earnings reports were balanced by a feeling the market's rally may have gotten ahead of itself.

Venezuela vows 'forceful' response if oil drilling begins in disputed zone

Venezuela on Thursday vowed a "forceful response" if oil drilling begins in contested waters off neighboring Guyana, as announced by US oil giant ExxonMobil this week.

Stock markets waver as investors track company earnings

Stock markets wobbled on Thursday as investors tracked a raft of company results and the outlook for interest rates.

ArcelorMittal profit falls after Kazakhstan mine disaster

Global steel giant ArcelorMittal Thursday posted a tenfold drop in net profit in 2023, taking hits from a withdrawal from Kazakhstan following a fatal mining accident and from its faltering Italian operations.

Gucci owner Kering profits slump in 'trying year'

French luxury giant Kering on Thursday reported a drop in 2023 earnings but vowed to press on with its investment strategy to put flagship brand Gucci "back on track".

Stock markets mostly advance as investors track company earnings

European and Asian stock markets mostly rose Thursday as investors tracked a raft of company results and the outlook for interest rates.

Shipping giant Maersk's profit sinks, warns of Red Sea risk

Shares in shipping giant Maersk dived on Thursday after it warned of an uncertain 2024 earnings outlook linked to an oversupply of container vessels and Yemeni rebel attacks in the Red Sea.

Pakistan votes with Khan in jail, mobile networks shut down

Millions of Pakistanis voted Thursday in an election marred by rigging allegations, with authorities suspending mobile phone services throughout the day and the country's most popular politician in jail.

Unilever profit drops as sales flatten after price hikes

British consumer goods giant Unilever on Thursday said its net profit dropped 15 percent last year to 6.5 billion euros ($7 billion) as sales flattened as the group hiked prices.

Recipe for trouble: Butter chicken battle hits Indian court

Butter chicken, one of India's most loved dishes, is at the centre of a culinary storm with two competing restaurant chains claiming to be the inventors of the lip-smacking preparation.

Most markets rise after Wall St record, Shanghai extends rally

Stocks mostly rose Thursday following another record on Wall Street, with strong earnings, a resilient US economy and Chinese moves to boost the country's markets playing up against fading hopes for an early Federal Reserve interest rate cut.

Gucci owner Kering says profit fell 17% in 2023

French luxury giant Kering said Thursday its sales and net profit fell in 2023, warning its investment strategy will weigh on results this year as it refocuses its business around its flagship brand Gucci.

Asian markets mixed after Wall St record, Shanghai extends rally

Asian stocks were mixed Thursday following another record on Wall Street, with strong earnings, a resilient US economy and Chinese moves to boost the country's markets playing up against fading hopes for an early Federal Reserve interest rate cut.

German libraries up defences against far-right attack

Defaced and destroyed, books torn up and political messages scrawled across their pages: the evidence of an alleged far-right vandalism spree at a city library in Berlin covers an entire table.

Pakistanis vote with Khan in jail, Sharif tipped to win

Millions of Pakistanis voted Thursday in an election marred by allegations of poll rigging, with the country's most popular politician in jail and a military-favoured candidate tipped to win.

Chinese consumer prices suffer quickest drop in 14 years

Chinese consumer prices fell in January at their quickest rate in more than 14 years, data showed Thursday, piling pressure on the government for more aggressive moves to revive the country's battered economy.

Five killed in clashes with police in Haiti amid protests

Five agents of an environmental protection body were killed in clashes with police near the Haitian capital Wednesday, as the country is seized by violent protests calling for the ouster of Prime Minister Ariel Henry.

China consumer prices show quickest drop in 14 years

Chinese consumer prices fell in January at their quickest rate in more than 14 years, data showed Thursday, as the country's leaders struggle to revive buying sentiment in the world's second-biggest economy.

Most Asian markets track Wall St record, Shanghai extends rally

Most Asian stocks rose Thursday following another record on Wall Street, with strong earnings, a resilient US economy and Chinese moves to boost the country's markets playing up against fading hopes for an early Federal Reserve interest rate cut.

Economy is a gamble for Biden in election year

Anger over rising prices and wages that don't stretch far enough brought thousands of casino workers onto the streets of Las Vegas in recent months, part of a wave of labor discontent in the United States.

'I want to rest in peace': Ecuador decriminalizes euthanasia

Ecuador decriminalized euthanasia on Wednesday, becoming the second Latin American country to allow the procedure, in response to a lawsuit brought by a terminally ill patient.

US Fed officials urge patience on interest rate cuts

Two US Federal Reserve officials indicated Wednesday that the nation's central bank is on track to tackle inflation, but that it is still too soon to begin lowering interest rates.

Sawt Falasteen - Economy (English)