Sawt Falasteen - Economy

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Featured

Clashes, blazes and wide-scale looting mar French protests

Clashes between police and protesters, massive looting and multiple blazes gripped France on Saturday, as nationwide marches against soaring inflation degenerated into street violence of "extreme intensity".

Oregon families grapple with explaining school shooting to children

Liz's seven-year-old-nephew hasn't been able to sleep since a teenage shooter opened fire at his Oregon elementary school, killing three children and a teacher.

Last news

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.

Thai group buys iconic Berlin department store

Thailand's Central Group said Friday it has bought the iconic KaDeWe department store in Berlin from insolvent Austrian real-estate giant Signa.

Solid profits at banks as execs debate US economic risks

Large American banks reported solid earnings Friday behind still-high interest rates while offering varying views on the likelihood the United States can avoid a near-term recession.

Europe stocks boosted by ECB rate cut signal; earnings in focus

Europe's stock markets rose Friday after the European Central Bank signalled a likely June interest rate cut, with London boosted by fresh hope that Britain has escaped from recession, as dealers also awaited the start of the US earnings season.

Japan seeks to reclaim tech edge with overseas help

Massive overseas and domestic investments offer Japan a chance to reclaim its tech crown, but to become a convincing alternative to China the country must embrace rapid innovation, experts say.

Asian stocks sink despite to track Wall St gains, earnings in focus

Asian markets fell Friday as traders struggled to build on Wall Street's positive lead, with hopes for a June interest rate cut fading, while earnings season gets underway in the United States amid optimism for companies' profit outlooks.

Clouds gather over Japan's ambitious Osaka World Expo

One of the largest wooden structures ever built is taking shape in Osaka, but hopes that Expo 2025 will unite the world are being dogged by cost blowouts and a lack of public enthusiasm.

Patek Philippe chief not worried for top-end Swiss watches

Patek Philippe's chief says he is not anxious about the prospects for top-end timepieces, despite Swiss watch exports slowing overall after three years of spectacular growth.

Asian stocks struggle to track Wall St higher, earnings in focus

Asian markets mostly fell Friday as traders struggled to build on Wall Street's positive lead, with hopes for a June interest rate cut fading, while earnings season gets underway in the United States amid optimism for companies' profit outlooks.

Biden campaign pounces on Republican abortion controversy

President Joe Biden vowed to "fight like hell" for women's reproductive rights in a reelection ad Thursday, as his team pounced on the backlash to a Republican-backed decision all but outlawing abortion in the swing state of Arizona.

Apple to fix 'bug' behind Palestinian flag emoji suggestions

Apple on Thursday promised it would stop a Palestinian flag emoji from being suggested to some iPhone users when they type "Jerusalem" in messages.

Sam Bankman-Fried appeals fraud conviction, 25-year jail term

Fallen cryptocurrency wunderkind Sam Bankman-Fried has appealed his federal conviction and 25-year jail sentence in a sweeping fraud case, according to a legal filing made public Thursday.

FIFA president urges fight against racism in football

FIFA president Gianni Infantino called Thursday for a concerted fight against pervasive racism in international football.

French PM, Trudeau defend Canada-EU trade pact

Prime Ministers Gabriel Attal of France and Canada's Justin Trudeau on Thursday defended a trade pact between Canada and the European Union whose ratification has been stymied in France's legislature.

Report links H&M, Zara to environmental destruction in Brazil

Fast fashion giants H&M and Zara have used cotton from farms linked to massive deforestation, land-grabbing, corruption and violence in Brazil, a report by the environmental group Earthsight said Thursday.

Equities struggle despite ECB rate signal as data disappoints

Wall Street stocks were mixed Thursday as data showed further inflationary pressures in the United States, while a signal by the ECB of a likely interest rate cut in June failed to pull eurozone stocks into the green.

ECB opens door to June rate cut after another pause

The European Central Bank said Thursday slowing inflation could open the door to a loosening of monetary policy, fuelling hopes of a first interest rate cut in June, after holding borrowing costs steady again.

Aston Martin to make petrol cars 'for as long as allowed'

British luxury carmaker Aston Martin Lagonda will continue to produce traditional combustion-engine vehicles for as long as legally possible, its boss told UK media this week.

'Robust' US has helped improve global economic outlook, IMF chief says

Strong growth in the United States has helped to lift the outlook for the world economy, but more needs to be done to stem a slide in productivity, the head of the IMF said Thursday.

ECB freezes rates again, but hints at cuts to come

The European Central Bank held interest rates steady again Thursday but said slowing inflation could open the door to easing monetary policy, raising hopes of a first cut in June.

Equities mostly fall on hot US inflation before ECB

Asian and European stock markets mostly fell Thursday before the European Central Bank's latest interest rate decision, after hotter-than-expected US inflation dented hopes for Federal Reserve rate reduction any time soon.

Chinese factory shreds wedding photos for fuel

At a dusty warehouse in northern China, Liu Wei feeds photos of beaming bridal couples into an industrial shredder -- turning stories of heartbreak into a source of electricity.

Polish lawmakers begin debate to scrap near-total abortion ban

Poland's parliament on Thursday will open a long-awaited debate on liberalising abortion laws in the majority Catholic country, with splits in the ruling coalition suggesting an uncertain outcome.

Russian rocket lifts off at third attempt

A Russian rocket blasted off for a test flight on Thursday at the third try, after previous launch attempts earlier this week were aborted in the final seconds of countdown.

Vietnam property tycoon sentenced to death in multi-billion dollar fraud case

A top Vietnamese property tycoon was sentenced to death on Thursday in one of the biggest corruption cases in history, with an estimated $27 billion in damages.

Asian markets mostly fall as US inflation data dims rate cut hopes

Most Asian markets edged down Thursday after forecast-topping US inflation dealt a blow to hopes for a June interest rate cut and forced traders to re-evaluate the outlook for monetary policy, with a warning that the next move could even be a hike.

Reigning Hollywood studio Universal brings 'Wicked' to movie summit

Universal Pictures was crowned Hollywood's top studio last year, dethroning Disney at the box office for the first time in nearly a decade with a string of mega-hits like "The Super Mario Bros. Movie" and the Oscar-winning "Oppenheimer."

Vietnam property tycoon faces verdict in multi-billion dollar fraud case

A top Vietnamese property tycoon faces a potential death sentence Thursday as she and her co-accused await verdicts in one of the biggest corruption cases in history, with an estimated $27 billion in damages.

Lawmakers skewer EU chief over contested job pick

European lawmakers will cast votes Thursday on a contested appointment to a plum Brussels job, with Ursula von der Leyen suspected of playing favourites to aid her own re-election as commission chief.

Bitcoin miners face survival test in 'halving'

Miners of bitcoin will soon face a halving of the reward for operating the most popular cryptocurrency, in a pivotal event that is a test of survival, industry commentators say.

Germany's Scholz between tough talk and trade on China trip

Chancellor Olaf Scholz travels to China this weekend, walking a fine line in shoring up economic ties with Germany's biggest trading partner at a time when the West is sharpening its tone towards Beijing.

ECB seen holding interest rates one last time

The European Central Bank is expected to freeze its key interest rate at a record high again Thursday but pave the way for a first cut in June as inflation eases.

Sawt Falasteen - Economy (English)