Sawt Falasteen - Economy

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Featured

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.

US, Canada fail to reach trade pact to avert Trump tariffs

Hefty US tariffs on some Canadian products took effect on Saturday after days of negotiations that went down to the wire failed to produce an agreement.

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China sees one of its worst years of growth since 1990 as recovery stalls

China's economy last year grew at one of its slowest rates in more than three decades, official figures showed Wednesday, as it was battered by a crippling property crisis, sluggish consumption and global turmoil.

Google eliminates hundreds of jobs in ad team tweak

Google on Tuesday confirmed it is eliminating "a few hundred" positions from its global ad team, amid a push to use artificial intelligence for efficiency and creativity.

US LGBTQ club shooter hit with new federal hate crime charges

A 23-year-old who shot and killed five people at an LGBTQ club in the US state of Colorado in 2022 faces new federal hate crime charges, authorities said Tuesday.

Pharrell Williams brings Old West style to Paris

Pharrell Williams brought the American West to Paris on Tuesday as he presented a collection full of cowboy hats and rhinestones for his latest show as creative director at Louis Vuitton.

Apple ends Samsung's 12-year run as world's top smartphone seller

Apple's iPhone for the first time became the world's biggest selling smartphone after rival Samsung's 12-year run as leader, data showed.

Pharrell Williams headlines opening day of Paris Fashion Week

Pharrell Williams brought the American West to Paris on Tuesday as he presented a collection full of cowboy hats and rhinestones for his latest show as creative director at Louis Vuitton.

US strikes Yemen again as rebels attack Greek cargo ship

US forces carried out fresh strikes on Yemen Tuesday, an American official said, as the Iran-backed Huthi rebels claimed a missile attack on a Greek-owned cargo ship in the Red Sea.

Ryanair boss says reassured by Boeing on 737 MAX safety

Ryanair on Tuesday welcomed improved quality controls at US aircraft manufacturer Boeing and announced its own enhanced checks, after a major safety issue.

Stock slide on rate cut expectations, Middle East uncertainty

Stock markets mostly fell as investors continued to roll back expectations of lower interest rates, even as they juggled conflicting comments from central bankers and rising tensions in the Middle East.

Goldman Sachs profits jump on strong equity trading

Goldman Sachs reported a jump in fourth-quarter profits Tuesday as a surge in revenues for equity trading offset weaknesses in other areas, including merger advising revenues.

Shell sells onshore Nigeria unit, exits Niger Delta

British energy major Shell on Tuesday announced the sale of its Nigeria onshore division SPDC for up to $2.4 billion, having already flagged its exit from the troubled Niger Delta.

Nespresso 'capsule war' grinds on with Swiss lawsuit

A French television star and a group of investors are demanding 280 million Swiss francs ($330 million) from Nespresso after the failure of a company that tried to offer a more sustainable alternative to the aluminium capsules sold by the coffee-pod maker.

Shell halts Red Sea shipments over attack fears: report

British oil giant Shell has paused transit through the key Red Sea shipping route indefinitely, over fears of escalating tensions involving Yemen's Huthi rebels, according to a media report Tuesday.

France lock Chalureau cleared of racist motivation in 2020 attack

France lock Bastien Chalureau was on Tuesday cleared of carrying out a racially motivated attack on two men but his six-month suspended prison sentence for the violent incident remains in place.

Goldman Sachs Q4 profits jump 58% to $1.9 bn on strong equity trading

Goldman Sachs reported a jump in fourth-quarter profits Tuesday as a surge in revenues for equity trading offset weaknesses in other areas, including merger advising revenues.

Pharrell headlines opening day of Paris Fashion Week

The shows were barely over in Milan but the fashion crowd had already shifted to Paris on Tuesday, with Pharrell Williams hinting at a cowboy theme for his opening day show for Louis Vuitton.

Academia warned to guard 'crown jewels' after British Library hack

While cyber-attacks on banks, utilities and media platforms may grab the most attention, the hacking of the British Library has led to warnings that academia has become an easy target.

OpenAI to launch anti-disinformation tools for 2024 elections

ChatGPT maker OpenAI has said it will introduce tools to combat disinformation ahead of the dozens of elections this year in countries that are home to half the world's population.

Uruguay hinterland basks in art revolution

In a seaside village in eastern Uruguay, well-heeled tourists saunter through a crowded art fair sipping crisp local rose wine as they marvel at the area's burgeoning creative scene.

Armani's men mix refinement and nonchalance

The "king" of Italian fashion, Giorgio Armani, unveiled Monday his latest men's collection marked by fluid cuts and soft lines.

Everton, Nottingham Forest face sanctions after admitting financial breaches

Everton and Nottingham Forest were referred to an independent commission by the Premier League on Monday after admitting to breaches of financial rules.

N.Ireland political impasse deepens as mass strike looms

Talks between London and Northern Irish parties aimed at restoring devolved government in the region failed Monday, days ahead of a deadline for calling an election and a mass public-sector strike.

Everton, Nottingham Forest admit financial breaches

Everton and Nottingham Forest have been referred to an independent commission by the Premier League on Monday after admitting to breaches of financial rules.

EU debates 2040 milestone towards carbon-neutral future

The EU plans to be carbon neutral by 2050, but to get there it needs to pass two decadal milestones -- each implying massive adaptation by industry and consumers.

German economy shrank in 2023 on energy, export woes

The German economy shrank slightly in 2023, official data showed Monday, as costly energy, high interest rates and cooling foreign demand took their toll on Europe's export giant.

China 2023 economic growth tipped to be weakest in decades

China's economy likely grew at its weakest annual rate for more than three decades in 2023, data is expected to show Wednesday, as it was battered by a crippling property crisis, sluggish consumption and global uncertainties.

World's richest five men double fortune since 2020: Oxfam

The world's wealthiest five men have more than doubled their fortune since 2020, the charity Oxfam said on Monday, as it called on nations to resist the ultra-rich's influence over tax policy.

22 miners killed in Tanzania landslide

Twenty-two people have lost their lives following a landslide at a mine in northern Tanzania, officials said on Sunday.

Five die trying to cross Channel to UK in freezing cold

Five migrants died and a sixth was in critical condition on Sunday after trying to reach Britain from northern France in freezing temperatures, the French maritime authority said.

Fresh strikes target Yemen rebels over Red Sea threat

Fresh strikes targeted Yemen's Huthis on Saturday, security sources and the US military said, after the Iran-backed rebels warned of further attacks on Red Sea shipping.

Fresh strikes against Yemen rebels over Red Sea threat