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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US hiring exceeds expectations in December

US job growth surged unexpectedly in December, government data showed Friday, wrapping up a solid year for the labor market even as voters remain gloomy about the economy ahead of November's presidential election.

Eurozone inflation rises in December

Eurozone inflation increased in December, official data showed Friday, breaking seven months of falls and leaving analysts divided over when the European Central Bank would start to cut interest rates.

Maersk says to avoid Red Sea for foreseeable future

Shipping giant Maersk said Friday that it would divert all vessels around Africa instead of using the Red Sea and Suez Canal for the "foreseeable future" after Yemeni rebels attacked its merchant ships.

Stocks retreat before US jobs data, as rate cut hopes fade

European and Asian stock markets slid Friday before US jobs data and after separate employment figures out of the word's biggest economy poured cold water on hopes the Federal Reserve will cut interest rates in the next few months.

Eurozone inflation rises to 2.9% in December

The annual rate of inflation in the eurozone rose to 2.9 percent in December mainly due to energy costs, official data showed Friday.

Tesla to recall 1.6 mn cars in China to fix steering software

Tesla is recalling more than 1.6 million electric vehicles in China, the country's market regulator said Friday, marking another blow for the US firm days after it was surpassed in EV sales by China's BYD.

Israeli minister lays out post-war Gaza plan as fighting rages

Israel's defence minister has publicly presented for the first time proposals for the post-war administration of Gaza, where the military on Friday reported deadly overnight strikes.

Tesla to recall 1.6 mn cars in China to fix steering software: regulator

Tesla is recalling more than 1.6 million electric vehicles in China, the country's market regulator said Friday, owing to software issues that could pose safety risks while driving.

Markets mostly down ahead of US jobs as rate cut hopes fade

Asian and European stocks struggled Friday after a bigger-than-expected rise in US private-sector jobs poured cold water on hopes for an interest rate cut in the next few months.

Markets mixed ahead of US jobs as rate cut hopes fade

Asian stocks were mixed Friday after a bigger-than-expected rise in US private-sector jobs poured cold water on hopes for an interest rate cut in the next few months.

Israeli defence chief lays out post-war Gaza plan as fighting rages

Israel's defence minister has laid out for the first time preliminary plans for the post-war administration of Gaza, saying neither Israel nor Hamas will rule the Palestinian territory after hostilities there conclude.

Navajo object to depositing human remains on Moon

The United States will soon launch its first spacecraft to attempt a soft lunar landing since the Apollo era, in a historic collaboration with the private sector -- but not everyone is celebrating.

US stocks stumble as tech titans tumble

European stocks rebounded from losses at the start of the year on Thursday, while the picture in the US was mixed as investor enthusiasm for American tech giants continued to wane.

US auto sales boosted by price cuts in 2023

US vehicle sales got a boost from strong demand in 2023, due in part to attractive offers by automakers and dealers in the face of high interest rates and stubborn inflation.

Ford US vehicle sales neared two million in 2023

Auto giant Ford sold almost two million vehicles in the United States last year, the company said Thursday, buoyed by accelerating electric vehicle sales and continued growth in internal combustion engine trucks.

European, US stocks stage rebound

European and US stock indices rebounded Thursday following a series of losses at the beginning of the year over interest rate cut angst and geopolitical uncertainty.

Spain generated record 50% of power from renewables in 2023

Spain generated more than half of its electricity from renewable sources such as wind and solar power in 2023 in a "historic" record, the national power grid said Thursday.

UK party leaders kick off general election year

UK Prime Minister Rishi Sunak said on Thursday he had pencilled in later this year for a general election, as he and his main political rival to be Britain's next leader effectively kicked off campaigning.

Strikes shut doors at world-famous French monuments

Tourists travelling to visit historic French landmarks the Eiffel Tower and Normandy's Mont Saint Michel have found their doors closed for part of the past two weeks, as striking workers complain of underinvestment and too many visitors.

European, US stocks creep higher

Europe's major stock indices edged higher Thursday, while Wall Street opened mixed, following a series of losses at the beginning of the year.

US private sector hiring up more than expected in December

The US private sector added more jobs than anticipated in December, payroll firm ADP said Thursday, signaling a strong labor market could continue to support the economy despite higher interest rates.

German emissions at 70-year low as coal use drops

German emissions were at their lowest point in around 70 years, as Europe's largest economy managed to reduce its dependence on coal faster than expected, a study published Thursday showed.

German car sales up in 2023 but electric models lose ground

Sales of new cars in Germany increased in 2023, official data showed Thursday, but an end to government subsidy programmes saw electric vehicles lose ground on fossil-fuel models.

Russia hopes to wear down Ukraine with mass strikes: analysts

Russia's latest massive strikes against major Ukrainian cities aim at wearing out both the population and air defences, experts say, as Kyiv urges Western allies to provide more weapons.

TotalEnergies announces land review in controversial Africa projects

French energy giant TotalEnergies on Thursday said it had launched a land acquisition assessment for controversial $10-billion projects in Uganda and Tanzania slammed by environmentalists.

Private sector funding key to climate transition, World Bank chief says

The World Bank is working to slash how long it takes to get financing projects off the ground as part of a push to speed up and scale up the 79-year-old development lender, its president told AFP on Wednesday.

US interest rates likely to stay high 'for some time': Fed minutes

US Federal Reserve officials expect interest rates will need to remain high "for some time" to tackle stubborn inflation, according to minutes of the most recent rate decision published on Wednesday.

Republicans push impeachment of Biden immigration chief

US Republicans announced impeachment proceedings Wednesday against Joe Biden's homeland security chief over the worsening border crisis, as they seek to cement immigration as a major issue in November's presidential election.

Migrant arrivals in Spain nearly doubled in 2023

The number of migrants arriving illegally in Spain soared by over 80 percent in 2023, with a record number landing in the Canary Islands, official figures showed Wednesday.

GM rides 'strong demand' to grow US auto sales

US automaker General Motors reported Wednesday a jump in vehicle sales for 2023, citing robust demand in a year also boosted by easing supply issues.

Oil prices jump, stocks slump after Iran blasts

Global markets were rattled Wednesday as blasts in Iran that killed at least 103 fanned fears of the war between Israel and Hamas spreading further.

Ethiopia defends Somaliland deal as Somalis protest

Ethiopia insisted on Wednesday that its controversial deal with the breakaway region of Somaliland broke no laws after Somalia accused its neighbour of a blatant attack on its sovereignty.

Sawt Falasteen - Economy (English)