Sawt Falasteen - Economy

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Featured

Fire rages at town hall in France's Limoges after protests: authorities

The town hall in the French city of Limoges was on fire on Saturday, authorities said, after a group attacked the building during unrest that broke out after cost-of-living protests.

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.

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Global equities extend selloff on Iran-Israel conflict fears

Asian and European stock markets sank Tuesday after Israel's army chief vowed a response to Iran's attack on his country, with sentiment also dented by diminishing US interest-rate cut hopes and mixed earnings.

Meta 'supreme court' takes on cases of deepfake porn

Meta's oversight board said Tuesday it is scrutinizing the social media titan's deepfake porn policies, through the lens of two cases.

UK parliament to debate law phasing out smoking

The UK parliament will on Tuesday kick off its first debate on Prime Minister Rishi Sunak's planned legislation to prevent young people from ever smoking, despite opposition from many in his own Conservative Party.

Stellantis boss Tavares defends pay rise ahead of shareholders' vote

Stellantis chief executive Carlos Tavares has defended his 36.5 million euro ($38.75 million) pay package ahead of a vote Tuesday by the car giant's shareholders.

Free Willie: Amsterdam naked gay bar tackles intolerance

In an Amsterdam bar, six men cluster around the pool table arguing good-naturedly about how to rack the balls. Everyone is stark naked from the ankle up: welcome to Free Willie.

Chinese economy beats growth expectations in first quarter

China's economy grew far more than expected in the first quarter of 2024, data showed Tuesday, even as it is buffeted by a property-sector crisis and flagging consumer spending.

Australia's Great Barrier Reef struggles to survive

Australia's famed Great Barrier Reef is suffering one of the most severe coral bleaching events on record, leaving scientists fearful for its survival as the impact of climate change worsens.

Even as Olympic costs climb, France says they are quite cheap

The final bill for the Paris Olympics is still unknown but, depending on the point of view, are likely to be expensive compared to original estimates or cheap, when set against other recent Games.

China posts forecast-beating growth in first quarter

China's economy grew far more than expected in the first quarter of 2024, data showed Tuesday, even as it is buffeted by a property-sector crisis and flagging consumer activity.

Swiss watch brands making time for India

Swiss watchmakers are increasingly turning their sights towards India thanks to a new free trade agreement that is due to gradually open the doors for luxury timepiece exports.

Cheap Chinese steel threatens jobs in Latin America

Latin American metal workers are clamoring for higher import tariffs as cheap Chinese steel floods the region, threatening hundreds of thousands of jobs linked to the industry.

Salman Rushdie recounts stabbing in new memoir 'Knife'

British-American author Salman Rushdie recounts the near-fatal stabbing at a public event in 2022 that left him blind in one eye and his journey to healing in his new memoir "Knife," which hits stores Tuesday.

Drought-hit Panama Canal to ease traffic restrictions

The number of ships allowed through the drought-hit Panama Canal each day will be increased thanks to signs of an improvement in water levels, authorities said Monday.

Samsung returns to top of the smartphone market: industry tracker

Samsung regained its position as the top smartphone seller, wresting back the lead from Apple as Chinese rivals close the gap on both market leaders, industry tracker International Data Corporation (IDC) reported Monday.

Oil sinks on de-escalation hopes following Iran strike

World oil prices sank Monday as traders bet on de-escalation in the Middle East despite a strike on Israel by key crude producer Iran.

Lufthansa reports loss, cuts outlook after strikes

German airline giant Lufthansa reported a hefty first-quarter loss Monday and downgraded its 2024 outlook due to recent strikes, while warning of risks from conflict in the Middle East.

Hong Kong conditionally approves first bitcoin and ether ETFs

Hong Kong's securities regulator on Monday granted conditional approval to start the city's first spot-bitcoin and ether exchange-traded funds (ETFs), firms involved said, positioning it as a leader in Asia for the use of cryptocurrencies as investment tools.

US retail sales up more than expected in March

Retail sales in the United States grew more than anticipated last month, government data showed on Monday, defying predictions of weaker consumer demand.

Oil sinks on de-escalation hopes despite Iran strike

World oil prices sank Monday as traders bet on de-escalation in the Middle East despite a strike on Israel by key crude producer Iran.

OpenAI comes to Asia with new office in Tokyo

ChatGPT creator OpenAI opened a new office in Tokyo on Monday, the first Asian outpost for the groundbreaking tech company as it aims to ramp up its global expansion.

China economy seen slowing in first quarter on housing, consumer woes

China's economy is expected to have slowed in the first three months of the year as it continues to be buffeted by a debilitating property sector crisis and flagging consumer activity.

China set to post slowing growth on housing, consumption woes

China's economy is expected to have slowed in the first three months of the year as it continues to be buffeted by a debilitating property sector crisis and flagging consumer activity.

Stocks hit by Iran's Israel strike, hopes for containment stem losses

Equities tumbled Monday in Asia after Iran ramped up Middle East tensions by launching a barrage of rockets at Israel over the weekend, fuelling fears of a wider conflict in the volatile region.

Debt and climate back on IMF, WB spring meetings agenda

The spring meetings of the International Monetary Fund and the World Bank are due to open Tuesday, with two clear objectives: help countries combat climate change, and assist the most indebted nations.

Decorated 'Hero of Ukraine' learns to live with bionic arms

Valeriy Kucherenko is a decorated "Hero of Ukraine" but the battle he is currently fighting is learning how to eat and use the toilet alone.

Scholz walks tightrope on trade and politics in China

German Chancellor Olaf Scholz arrived in China on Sunday, kicking off a trip in which he faces a tough balancing act as he aims to shore up economic ties with Berlin's biggest trading partner.

Race for AI isn't zero-sum, says Amazon cloud boss

As Google races with Microsoft and OpenAI to create world-changing generative artificial intelligence, some critics see Amazon as lagging behind.

After long peace, Big Tech faces US antitrust reckoning

After more than a decade of leaving Big Tech largely to itself, US antitrust enforcers have cranked up the heat, with several high-profile cases underway that could radically change the way the industry's giants do business.

Chelsea's £90 million loss puts pressure on for player sales

Chelsea face a huge challenge to avoid breaching Premier League sustainability rules after posting an £89.8 million ($112 million) loss for the 2022/23 season.

Transgender recall vote lays bare US battle between progressives and conservatives

Thousands of people voted to elect Raul Urena to Calexico council, hoping the young politician would bring a fresh approach to the California border city's long-standing problems with unemployment, crime and deprivation.

Abortion in America: Democrats take gloves off as Harris hits Arizona

Democrats were set to hammer Donald Trump on the divisive issue of abortion Friday, calling him the "architect" of a US healthcare crisis, as the party sees an opening with voters ahead of the November presidential election.

Abortion in America: Democrats taking gloves off as VP Harris hits Arizona

Democrats were set to hammer Donald Trump Friday on the divisive issue of abortion, calling him the "architect" of a US healthcare crisis, as the party sees an opening with voters ahead of the November presidential election.

Sawt Falasteen - Economy (English)