Sawt Falasteen - Economy

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Featured

Macron denounces 'unbridled' violence as France hit by new clashes

President Emmanuel Macron on Sunday slammed the "unbridled" violence that erupted in cost-of-living protests across France, as police battled protesters and looters in new clashes in Paris.

'Street Fighter' wins N. America box office, buzzy doc stuns in 2nd

Paramount's action film "Street Fighter" karate-chopped the competition this weekend with a $31 million debut at the North American box office, industry estimates showed Sunday.

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Netflix unveils 2024 slate led by sci-fi from 'Thrones' creators

Netflix is betting on its ambitious new sci-fi series from the creators of "Game of Thrones" to help extend its streaming dominance in 2024, as the company unveiled a sprawling TV and film lineup Thursday.

Hundreds of farmers protest at Greek agriculture fair

Hundreds of Greek farmers on Thursday converged on the country's second city Thessaloniki to demand aid increases, as similar protests gather pace across Europe.

Shares in banking giants BNP, ING fall despite hefty profits

Shares in European banking giants BNP Paribas and ING tumbled on Thursday as disappointing fourth-quarter results took the shine off bumper annual profits.

France offers cash and support to protesting farmers

France's government offered a slew of new concessions Thursday to farmers, hoping to calm anger behind tractor blockades of major roads nationwide.

Farmers take protest to EU leaders

European farmers took their growing protest over low prices and the threat of competition from South American agri-food importers to Brussels on Thursday, clogging the streets with 1,300 tractors as EU leaders met for a summit.

Bank of England freezes rate as inflation stays high

The Bank of England froze its key interest rate Thursday for a fourth meeting in a row, matching US Federal Reserve policy, as high inflation prevents cuts to borrowing costs.

Stock markets stumble as Fed crushes March rate cut hope

Most Asian and European stock markets fell Thursday following a Wall Street selloff, after the US Federal Reserve poured cold water on hopes for a March interest-rate cut.

EU strikes 50-bn-euro Ukraine aid deal

EU leaders on Thursday struck a deal with Viktor Orban to get 50 billion euros in financial aid to Ukraine, overcoming the Hungarian leader's veto with surprising speed at a crunch summit in Brussels.

Eurozone inflation slows to 2.8% in January

Eurozone inflation fell in January due to a slowdown in food price increases, official data showed Thursday, but the drop was more modest than expected by analysts.

French teachers strike, upping pressure on embattled minister

Teachers were striking across France on Thursday for better pay and conditions, increasing pressure on the embattled education minister who has been embroiled in a series of controversies.

Shell profit tumbles on lower oil prices

Shell said Thursday that its net profit more than halved to $19.4 billion in 2023 on lower energy prices, after rocketing to a record peak the previous year following the Ukraine conflict.

Deutsche Bank to cut jobs after drop in 2023 profit

Germany's biggest lender Deutsche Bank on Thursday announced plans to slash 3,500 jobs as part of a major cost-cutting drive after its net profit fell in 2023.

Most Asian markets retreat as Fed crushes March rate cut hope

Most Asian equities fell Thursday, tracking a sell-off on Wall Street after the Federal Reserve poured cold water on hopes for a March interest rate cut.

Big Grammy year for women nominees spotlights industry progress

Musicians and critics alike have long accused Grammy voters of ignoring the work of female artists -- but this year, it's highly probable that women will take home the night's top prizes.

Brazil's Lula still losing digital battle to Bolsonaro

Wearing a blue shirt with the sleeves rolled up, President Luiz Inacio Lula da Silva smiles as he gushes on his love of Brazilian music, and then segues into a barstool-style dissertation on football.

Facebook, the social network old-timer, turns 20

A simple hangout spot for young people when it arrived on the scene 20 years ago, Facebook has since become a battle-hardened behemoth with an insatiable appetite for your attention.

Cuba delays 500% fuel price hike over 'cybersecurity' incident

Cuba's government on Wednesday delayed a planned 500 percent surge in the fuel price after a "cybersecurity incident," an economy ministry official said.

US lawmakers win apology from Zuckerberg in tech grilling

Meta CEO Mark Zuckerberg gave a public apology in US Congress on Wednesday as hostile lawmakers grilled tech chiefs over the dangers that children face on social media platforms.

eBay to pay $59 mn for selling pill-making equipment: US govt

Online marketplace eBay will pay $59 million in a settlement over US government allegations that equipment that can be used to manufacture illegal drugs was sold on its website, the Justice Department said Wednesday.

Argentina lawmakers debate Milei's hefty reform package

Argentina's lower house of Congress on Wednesday began what is expected to be a marathon debate on President Javier Milei's mega-bill to reform the economy, politics and even some aspects of private life.

US lawmakers grill tech CEOs over youth safety

Meta CEO Mark Zuckerberg and the chief executives of TikTok, X, Discord and Snap were grilled by US lawmakers on Wednesday over the dangers that children and teens face on social media platforms.

Stocks waver as US tech shares fall, Fed meets on rates

Stock markets wavered on Wednesday as shares in major US tech companies fell and investors awaited a key Federal Reserve interest rate meeting.

Macron calls for a less regulated Europe

French President Emmanuel Macron said Wednesday that Europe needs "smarter" and less regulated industrial and energy policies.

US private sector job gains slow in January as labor market cools

Private sector hiring in the United States slowed more than anticipated this month, according to data Wednesday from payroll firm ADP, following efforts to cool the world's biggest economy and tame inflation.

US private sector job gains slow more than expected in January

Private sector hiring in the United States fell more than anticipated in January, according to data Wednesday from payroll firm ADP, following efforts to cool the world's biggest economy and tame inflation.

Arrests as French farmers close in on Paris

French police arrested some protesting farmers on Wednesday as convoys of tractors edged closer to Paris, Lyon and other key locations, with many ignoring police warnings over the scope of their action.

Global stocks swing before Fed rate call

World stock markets diverged Wednesday after a tepid performance on Wall Street, with all eyes on the US Federal Reserve's latest interest rate decision.

French police make arrests as farmers close in on key locations

French police arrested some protesting farmers on Wednesday as convoys of tractors edged closer to Paris, Lyon and other strategic locations in France, with many ignoring warnings of police intervention if they cross red lines laid down by ministers.

Kosovo ban on Serbian dinar risks new crisis

Kosovo may be on the verge of a fresh crisis after the government threatened to ban the use of Serbian money this week, with a chorus of Western countries warning it could ignite a firestorm.

H&M shares tumble as CEO steps down

H&M chief executive Helena Helmersson announced Wednesday she was stepping down, sending shares in the fashion retailer tumbling as the Swedish company reported lower-than-expected profits in the fourth quarter.

Santander posts record profit in 2023 after rate hikes

Spanish banking giant Santander posted a record 11.1-billion-euro ($12 billion) net profit for 2023 on Wednesday as higher interest rates and a rise in global clients helped to cushion the impact of a windfall tax.

China overtakes Japan as world's biggest vehicle exporter

China's global dominance in electric cars helped it overtake Japan as the world's biggest vehicle exporter last year, official data confirmed Wednesday.

Sawt Falasteen - Economy (English)