Sawt Falasteen - Economy

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Featured

France rocked by nationwide clashes, blazes and looting

France woke up Sunday to devastated streets after clashes between police and protesters, mass looting and fires erupted nationwide as marches against rising costs of living degenerated into "extreme" violence.

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".

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Stock markets diverge on outlook for interest rates

European and Asian stock markets diverged Friday as traders closed out a week dominated by key central bank decisions on interest rates.

EU eyes tariffs to 'choke off' Russian grain sales

The EU is looking to "choke off" revenue Russia uses for its war on Ukraine by slapping "prohibitive tariffs" on grain and related imports into the bloc, under a plan being put to a leaders summit on Friday.

'Light on the horizon': German business morale improves

German business morale rose more strongly than expected in March, a key survey showed Friday, raising hope there is "light on the horizon" for Europe's crisis-hit top economy.

Berlin says German FA lacks 'patriotism' for dropping Adidas

German football's decision to drop Adidas as its kit supplier sparked dismay in Berlin on Friday, with the economy minister blasting the switch to US sportswear giant Nike as a lack of "patriotism".

Australia, Britain vow AUKUS nuclear-powered subs will be built

Australia and Britain said Friday that a landmark deal to develop AUKUS nuclear-powered submarines would go ahead, despite mounting fears about costs, capabilities and the possible return of Donald Trump.

Clothing giant Shein in focus as France targets fast fashion

With jaw-droppingly low prices and a seemingly endless selection of trendy clothes, Shein has taken the world by storm -- and found itself in the crosshairs of French lawmakers who want to curb the excesses of fast fashion.

Large group of migrants force way across Texas border

A "large group of migrants" crossing into the United States from Mexico broke through razor wire Thursday and rushed the border wall, the border patrol said, the latest episode in a simmering national immigration crisis.

Asian markets struggle as US data dents Fed rate cut optimism

Asian markets mostly fell Friday after data pointing to a still-strong US economy raised fresh concerns about inflation and dampened optimism that the Federal Reserve will slash interest rates as much as it expected this year.

Paris Olympics insists it won't be impacted by Atos woes

Organisers of the Paris Olympics are insisting the games will not be impacted by the ongoing troubles of French computer services group Atos, which provides essential services for the competition.

Curacao floating market reborn after Venezuela border reopened

For four generations, the Cordero family traveled regularly from Venezuela to the island of Curacao to sell their fruit and vegetables at the picturesque "floating" market of Willemstad.

Tepid Nike outlook dents shares as it touts Olympic offerings

Shares of Nike tumbled Thursday after the sports giant signaled a tepid near-term revenue outlook even as it promised to wow consumers with new offerings in an Olympic year.

Apple's 'Walled Garden' under fire in lawsuit

Call it a "walled garden" or an ecosystem, but at the heart of Thursday's blockbuster US lawsuit against Apple are the many ways the company gets customers to remain faithful to its products.

Mexico cuts interest rate for first time in three years

Mexico's central bank on Thursday reduced its benchmark interest rate for the first time in three years following a slowing of inflation in Latin America's second-largest economy.

US stocks hit fresh records as rate cut outlook improves

Global stock markets rose Thursday as several central banks joined the Fed in indicating lower interest rates are on the way, with US markets reaching fresh records.

Social media company Reddit surges after NYSE debut

Shares of social media company Reddit opened at $47 on the New York Stock Exchange Thursday, before vaulting even higher in a buoyant market debut.

Bank of England freezes interest rate at 16-year high

The Bank of England on Thursday held its key interest rate at a 16-year high, opting against a reduction as inflation remains elevated despite recent slowdowns.

Germany football teams to swap Adidas for Nike kit from 2027

Germany's national football teams will wear jerseys made by US sportswear giant Nike from 2027, the German Football Association (DFB) said Thursday, ending a decades-long kit partnership with domestic outfitter Adidas.

Apple 'aunties' greeted with cheers at Shanghai store opening

Chinese Apple superfans jostled to enter the smartphone maker's newest store in Shanghai as it opened on Thursday night -- but they were upstaged by dozens of retirees eager to nab commemorative freebies.

Stock markets rally as rate cut outlook improves

Global stock markets rose Thursday as several central banks joined the Fed in indicating lower interest rates are on the way.

EU-Canada trade deal stumbles in French Senate

The French Senate on Thursday overwhelmingly voted against a free-trade agreement between the EU and Canada, dealing a stinging blow to the government of President Emmanuel Macron.

US sues Apple in wide-ranging iPhone monopoly case

The US Department of Justice sued Apple on Thursday for illegally maintaining a monopoly for its iPhone by stifling competition and imposing exorbitant costs on consumers.

US lawmakers move to bar Pride flags over embassies

US lawmakers moved Thursday toward banning the flying of LGBTQ Pride flags over US embassies, a victory for conservatives in a long-running US cultural battle being played out overseas.

US home sales rise in February by most in a year

Sales of existing homes made the biggest jump in a year last month on improved housing supply, according to industry data released Thursday, as mortgage rates held at slightly lower levels.

New cafe in Manhattan staffed by neurodivergent workers

A new French cafe is hoping to break into New York's notoriously competitive food scene while also offering opportunity to people with mental and cognitive disabilities.

Doctors' strike hits Kenyan government-run hospitals

A nationwide doctors' strike in Kenya on Thursday paralysed health services at some government-run hospitals which are already suffering due to a lack of medicines and equipment.

Ghana president caught in squabble over anti-LGBTQ bill

Ghana's parliament speaker has halted the approval of new ministers in an apparent standoff over President Nana Akufo-Addo's delay in signing off on a highly contested anti-LGBTQ+ bill passed last month.

Leaders tout nuclear power as climate tool at Brussels summit

More than 30 countries -- including European nations, the United States, Brazil and China -- took part on Thursday in the first-ever summit held by the United Nations' atomic energy agency to promote nuclear as a "clean and reliable source of energy".

Turkey's central bank hikes rate to 50% as inflation rises

Turkey's central bank hiked its key interest rate on Thursday, resuming its tightening cycle as one of the world's highest inflation rates rose again last month.

Switzerland kickstarts rate cuts for major central banks

The Swiss National Bank on Thursday became the first major central bank to cut interest rates after a sustained period of hikes to combat soaring inflation, with all eyes on when the US Federal Reserve will follow suit.

Turkey's central bank hikes interest rate to 50%