Sawt Falasteen - Economy

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Vietnam signs free trade deal with four European nations

Vietnam and four European nations outside the EU signed a free trade agreement in Hanoi on Sunday, seeking to diversify their markets as US tariffs disrupt global commerce.

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.

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Stocks diverge; bitcoin hits fresh record high

Bitcoin struck a fresh record high Monday and stock markets diverged as traders assessed the outlook for cuts to US interest rates.

Stocks diverge; bitcoins hits fresh record high

Bitcoin struck a fresh record high Monday and stock markets diverged as traders assessed the outlook for cuts to US interest rates.

Bitcoin zooms to record beyond $72,000

Bitcoin raced to an all-time peak above $72,000 Monday as the world's most popular cryptocurrency won further support on greater trading accessibility and dollar weakness.

France's Macron faces backlash on assisted-dying plan

President Emmanuel Macron on Monday faced criticism from French medical workers and the Catholic Church over a draft bill his government plans to present to parliament in May that would allow assisted dying for certain terminally-ill patients.

S. Korea starts process to suspend licences of 4,900 striking doctors

South Korea said Monday it had started procedures to suspend the medical licences of 4,900 junior doctors who have resigned and stopped working to protest government medical training reforms, causing healthcare chaos.

Most Asian markets fall after strong US data, eyes on inflation

Asian markets mostly fell Monday after a forecast-busting jobs report dampened US interest rate cut hopes, with attention now turning to the release of key inflation data this week.

S. Korea starts procedures to suspend licences of 4,900 striking doctors

New 'Kung Fu Panda' kicks all comers to top N.America box office

"Kung Fu Panda 4" opened at the top of the North American box office this weekend and "Dune: Part Two" became the year's first film to pass the $150 million mark domestically as movie-world glitterati gathered in Hollywood for Sunday's Oscars ceremony.

Activists protest Tesla plant expansion in Germany

Several hundred people demonstrated Sunday against plans by Tesla to expand its electric car factory near Berlin, citing environmental concerns.

In climate push, German chemical maker swaps oil for sugar

At one of Europe's largest chemical complexes, German group Covestro is trialling the manufacture of a key product using sugar as a base material instead of oil, as the industry seeks to reduce its carbon footprint.

US embrace of remote working empties offices, weighs on banks

The popularity of remote work in the United States has emptied office buildings, a cause for worry as their value falls and owners risk losses on property loans -- in turn putting pressure on smaller banks.

In bitcoin's shadow, another cryptocurrency, Ether, stages its own rally

Bitcoin has captured the limelight in recent weeks as it surged to a new record high, yet another major cryptocurrency, Ether, has been enjoying its own meteoric rise.

Led by Musk, Silicon Valley inches to the right

Since his tumultuous takeover of Twitter, Elon Musk has made an unabashed turn to the right politically, defying the orthodoxy that Silicon Valley is a citadel of well-heeled liberals beholden to Democrats.

Paris Picasso Museum reopens with new selection

The Picasso Museum in Paris, which houses the world's biggest collection of the Spanish artist's works, is reopening on Tuesday with an overhauled display and a first-ever tribute to his ex-partner, the renowned painter Francoise Gilot.

Haiti capital a 'city under siege' amid spasm of gang violence

Residents of Haiti's capital scrambled for safety Saturday following the latest spasm of gang violence, with a UN group warning of a "city under siege" after armed attackers targeted the presidential palace and police headquarters.

Ireland referendum reforms 'comprehensively' rejected: Varadkar

A dual referendum in Ireland on redefining family and women's roles in the constitution has been "comprehensively" defeated, Prime Minister Leo Varadkar said on Saturday.

Early Irish referendum tallies indicate 'No' vote on family and care

Early tallies from a dual referendum in Ireland on redefining family and women's roles showed a trend towards a "No" vote and a defeat for the government on Saturday.

Soaring food prices dampen Ramadan spirits in Nigeria

The holy fasting month of Ramadan begins early next week in Nigeria, with the worst economic crisis in a generation leaving many in Africa's most populous Muslim country struggling to buy food.

China consumer prices rise in February for first time in six months

Chinese consumer prices rose in February for the first time since August, data showed Saturday, bucking a months-long stretch of deflation that compounded the country's myriad economic woes.

US senators avert partial shutdown

US senators voted late Friday to green-light a government funding package that keeps open several key departments threatened with closure this weekend, a major step toward finalizing the 2024 federal budget after months of deadlock in the deeply divided Congress.

IMF chief Georgieva says she would be 'honored' to serve 2nd term

IMF chief Kristalina Georgieva said Friday she would be "honored" to helm the Washington-based financial institution for a second five-year term if she is renominated by member states.

Police kill student in southern Mexico, fanning tensions

A student was killed in a confrontation with police in southern Mexico, authorities said Friday, as tensions flared over the case of 43 students from the same college who disappeared nearly a decade ago.

EU says Gaza to get aid by sea as airdrop ends in deaths

An international effort gathered pace on Friday to get desperately needed humanitarian relief into Gaza by sea, in the latest bid to counter overland access restrictions blamed on Israel as it battles Hamas militants.

Natalie Portman divorces French choreographer husband

Oscar-winning actress Natalie Portman has divorced her French choreographer husband, US media reported Friday.

Stock markets cautious after US jobs report

Global stocks wobbled Friday as investors digested a jobs report that failed to settle the debate about when the US Federal Reserve could start cutting interest rates.

UN chief warns of 'global backlash against women's rights'

United Nations Secretary-General Antonio Guterres warned on Friday that a "backlash" against women's rights was threatening progress across the world.

Stock markets rise after US jobs report

US stock markets rose slightly Friday as investors digested a jobs report showing that hiring in the United States was higher than expected last month.

US hiring beats expectations with solid showing in February

Hiring in the United States was robust in February although unemployment crept up, government data showed Friday, a potentially encouraging sign for policymakers hoping to cool the economy without tipping it into a downturn.

German federal prosecutors to probe Tesla plant sabotage

German federal prosecutors said Friday they had taken over investigations into a suspected arson attack this week that caused a power outage and forced Tesla to halt production at its plant near Berlin.

New weight loss pill more effective than Ozempic: Novo Nordisk

An experimental new weight loss pill from Danish pharmaceutical giant Novo Nordisk could be twice as effective as its blockbuster Ozempic and Wegovy jabs, early results from a small trial have suggested, sending the firm's shares soaring.

Indonesian airline pilots fell asleep mid-flight: safety agency

The Indonesian air safety agency has called for better pilot fatigue monitoring mechanisms, after an investigation revealed that both pilots of a commercial aircraft had recently fallen asleep in-flight.

Former PM blasts 'insidious sexism' in French politics

Elisabeth Borne, the second woman to serve as prime minister of France, on Friday denounced the "insidious sexism" that she said still permeated French politics.

Sawt Falasteen - Economy (English)