Sawt Falasteen - Economy

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Featured

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.

Arctic shipping a daunting prospect in hotly contested region

With Gulf turmoil slashing Suez Canal traffic, shipping firms are tempted to try the Arctic for quicker trips between Europe and Asia -- but commercial prospects are unlikely to match countries' strategic ambitions for the North Pole.

Last news

Striking actors agree deal with Hollywood studios

Hollywood actors and studios reached a tentative deal Wednesday to end a months-long strike that has crippled the entertainment industry, delayed hundreds of popular shows and films, and cost billions to the US economy.

Hollywood actors, studios reach tentative deal to end strike

Met unveils 'Sleeping Beauties' gala, exhibit theme for 2024

The Metropolitan Museum of Art on Wednesday unveiled the theme for the Costume Institute's 2024 exhibition and gala, the fashion world's party of the year -- "Sleeping Beauties: Reawakening Fashion."

Disney+ adds subscribers amid cost-cutting campaign

Disney's streaming service has attracted nearly seven million new subscribers, the company said Wednesday, reversing a period of decline that had raised doubts about its rivalry with industry leader Netflix.

US approves highly anticipated Eli Lilly weight loss drug

The US Food and Drug Administration (FDA) on Wednesday announced it had approved Eli Lilly's highly anticipated weight loss drug Zepbound, the latest entrant in a field of powerful -- and lucrative -- new obesity medicines.

Meta to require political ads reveal AI altered images

Meta on Wednesday said that advertisers will soon have to disclose when artificial intelligence (AI) or other software is used to create or alter imagery or audio in political ads.

Amazon under fire over homophobic slurs in broadcast of PSG game

A French gay rights group said Wednesday it had launched legal action against Amazon Prime for offering on streaming replay a football match between Paris Saint-Germain and Marseille in which homophobic chants were audible.

Lloyd's of London pays out over slave trade links

Lloyd's of London, the insurance market, said Wednesday it would spend £52 million ($64 million) on racial-equality causes after a report found it played a "significant role" in the transatlantic slave trade.

Oil slumps below $80, stocks wobble

Brent crude fell below $80 per barrel for the first time since July on Wednesday, while stocks struggled, as concerns about the economic outlook weighed on investors.

UK rail union agrees deal that could halt strikes

Rail workers in Britain are to vote on a pay deal that could pause more than a year of walkouts on the strike-plagued country's train network, a union said Wednesday.

Russia using gold to evade sanctions, warns UK

The UK's National Crime Agency (NCA) on Wednesday issued a red alert to the financial sector warning that Russia was using gold to evade sanctions imposed after it invaded Ukraine.

Grand Theft Auto maker to release new game's trailer in December

The maker of "Grand Theft Auto" said Wednesday that it will release a trailer for the long-awaited next instalment of one of the biggest-selling video game series of all time next month.

Brussels recommends opening EU membership talks with Ukraine

The EU's executive on Wednesday recommended opening formal membership talks with Ukraine and Moldova, in a major show of support for Kyiv as it battles Russia.

European stocks drift as traders weigh earnings, rates outlook

Asian and European stocks struggled Wednesday as investors digested a barrage of company results and assessed the US Federal Reserve's interest rate plans, while oil plumbed more multi-month lows on energy demand worries.

Nissan, Renault launch 'rebalanced' alliance

French automaker Renault and Japanese partner Nissan officially launched their "rebalanced" alliance on Wednesday as they seek to reset a rocky 24-year-old partnership.

Scientists blame climate change for 'extreme drought' in Iraq, Iran and Syria

The "extreme" drought gripping Iraq, Syria and Iran would not have occurred without climate change caused primarily by burning fossil fuels, scientists said Wednesday, warning that punishing dry spells will become more intense as the world warms.

Bangladesh garment worker shot dead in new wage protests

A Bangladeshi woman was shot dead Wednesday in the latest violent protests by garment workers after they rejected a government wage increase offer, with the victim's husband blaming the police.

Chemical giant Bayer to cut management jobs after huge loss

German chemicals giant Bayer said Wednesday it would cut management jobs and was examining splitting off one of its divisions after reporting a massive third-quarter loss.

Telecoms outage cuts off millions of Australians

More than 10 million Australians were cut off from internet and phone services on Wednesday after unexplained outages struck one of the country's largest communications companies.

Netflix reopens Hollywood's 'Egyptian' movie palace

The Egyptian Theatre, which hosted Hollywood's first-ever red carpet premiere in its faux hieroglyph-adorned courtyard more than a century ago, reopens this week under the new ownership of Netflix.

Cape Town art museum on mission to reclaim African identity

Since Koyo Kouoh took over the reins of the Zeitz MOCAA, the Cape Town museum has been making waves in the contemporary art world by putting Africa front and centre.

Top consultancy undermining climate change fight: whistleblowers

The world's top management consultancy McKinsey & Company is using its position as a key advisor to the UN's COP28 climate talks to push the interests of its big oil and gas clients, undermining efforts to end the use of the fossil fuels driving global warming, according to multiple sources and leaked documents.

Portuguese prime minister resigns following corruption probe

Portuguese Prime Minister Antonio Costa announced his resignation on Tuesday after he was embroiled in a corruption investigation into the awarding of energy-related contracts.

US trade gap widens in September as imports rise more than exports

The US trade deficit expanded in September on the back of a larger rise in imports than exports, according to government data released Tuesday.

Greens see red over giant Paris billboards

Does beauty lie in the eye of the consumer?

Green 'Marianne' brings climate crisis to French letterboxes

A green version of national symbol Marianne will adorn French envelopes from this month, after President Emmanuel Macron unveiled a new standard postage stamp highlighting environmental themes.

Ex-film director wins France's top literary prize

France's top literary prize, the Goncourt, was awarded Tuesday to former film director Jean-Baptiste Andrea for his novel "Veiller sur elle" ("Watch Over Her") set in Italy's dark fascist years.

Port workers join Tesla strike in Sweden

Workers at four Swedish ports blocked the loading and unloading of Tesla cars Tuesday in a growing strike movement over the US company's refusal to sign a collective wage agreement with mechanics.

Korean Air says 'strictly manages' radiation exposure after crew death ruling

Korean Air said Tuesday it "strictly manages" cosmic radiation exposure for its flight crew, after a landmark decision ruled an air steward's cancer death was akin to an industrial accident.

UBS posts first quarterly loss since 2017 on Credit Suisse costs

UBS posted a larger-than-expected loss in the third quarter on Tuesday, the first quarterly drop since 2017 as it integrates Credit Suisse after taking over its fallen Swiss banking rival.

China owed more than $1 trillion in Belt and Road debt: report

China is owed more than a trillion dollars through its Belt and Road project, making it the biggest debt collector in the world, a report said this week, with an estimated 80 percent of the loans supporting countries in financial distress.

Ohio to vote in latest post-Roe US abortion referendum

Ohio voters will choose Tuesday whether to enshrine abortion rights into the midwestern state's constitution in a vote that may well be a bellwether on an issue likely to dominate next year's US presidential race.

Sawt Falasteen - Economy (English)