Sawt Falasteen - Economy

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Featured

Asian stocks start week on back foot, tracking tech-led Wall St losses

Asian stocks mostly fell Monday as traders tracked a tech-heavy selloff on Wall Street that was fuelled by growing worries over the AI investment boom.

China growth narrowly beats forecasts

China's economy grew slightly more than expected in the third quarter, but Monday's figures still came in at the lower end of the government's full-year target, as the global energy shock and weak domestic demand counter surging exports.

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Sony 'terminates' Indian merger with Zee

Sony "terminated" on Monday the $10-billion merger of its Indian operations with local rival Zee Entertainment that would have created a new streaming giant in the world's most populous nation.

Markets mixed after Wall St record as China worries weigh

Stock markets were mixed Monday following a record finish on Wall Street, while hopes for an early US interest rate cut were dealt a fresh blow by Federal Reserve officials looking to rein in investor expectations.

ECB to signal no rush to cut interest rates

European Central Bank policymakers are expected to keep interest rates steady on Thursday and signal they are in no hurry to start slashing borrowing costs despite progress against inflation.

Wanted crypto boss Do Kwon's Terraform files for US bankruptcy

South Korean entrepreneur Do Kwon's Terraform Labs, whose cryptocurrencies crashed dramatically in 2022, is seeking bankruptcy protection in the United States, according to court documents filed Sunday.

Most Asian markets rise after Wall St record

Most Asian markets rose Monday following a record finish on Wall Street, but hopes for an early US interest rate cut were dealt a fresh blow by Federal Reserve officials looking to rein in investor expectations.

'If you're silent on racism, you're complicit', says Maignan

AC Milan's French goalkeeper Mike Maignan on Sunday said clubs, fans and legal authorities who ignore racism in football will be seen to be "complicit" in its scourge.

'Stand up to racism' says AC Milan keeper Maignan

AC Milan's French goalkeeper Mike Maignan on Sunday called for clubs, fans and the legal system to stand up to racism in football after he was the target of abuse in an Italian Serie A match.

Death toll soars as fighting rages across Gaza, Israel raids West Bank

Fighting raged across Gaza and Israeli units raided the West Bank on Sunday after Prime Minister Benjamin Netanyahu, who has faced growing domestic criticism, rejected calls for post-war "Palestinian sovereignty".

EU ports urged to team up to fight 'very creative' drug smugglers

Drug smugglers in the EU have become so "very creative" that the bloc's seaports should join forces to combat their ever-changing tactics, Belgian Interior Minister Annelies Verlinden told AFP.

Years after civil war, security wall holds back Iraqi city

Khaled Ibrahim dreams of a home on the outskirts of Samarra, but a concrete wall built to protect the Iraqi city is stopping him and hampering sorely-needed urban expansion.

France's politicians woo the country's angry farmers

France's new Prime Minister Gabriel Attal paid tribute to the country's agriculture sector this weekend, responding to the growing discontent of farm workers angry at red tape and high costs.

FIFA's Infantino condemns 'abhorrent' racism during games in Italy, England

FIFA president Gianni Infantino called for worldwide stadium bans for fans and "automatic forfeits" for teams whose supporters hurl "abhorrent" abuse following racist incidents in Italy and England on Saturday.

Milan snatch late victory at Udinese after racist abuse of Maignan

AC Milan came back from a goal down to beat Udinese 3-2 on Saturday in a match which was briefly suspended for Mike Maignan being racially abused by home fans.

Israeli women take on greater military role in Gaza war

Marom sprinted towards a post perched in the mountains above Israel's border with Egypt, slamming her M16 rifle onto a defensive position as part of a training exercise.

Dior pays homage to ballet icon Nureyev

Dior paid homage to ballet legend Rudolf Nureyev on Friday, with a menswear collection inspired by stage costumes and presented on an elaborate moving set.

US tech stocks lead Wall Street rally as S&P 500 posts new record

Wall Street stocks rallied Friday, with the tech sector logging major gains while the Dow and broad-based S&P 500 hit new highs.

French officers get suspended jail terms in police brutality case

A French court on Friday gave suspended jail sentences to three officers in a rare case of police brutality coming to court, after a black man suffered irreversible rectal injuries.

Tata Steel axes UK jobs as industry forges 'greener' future

Indian-owned Tata Steel is to cut up to 2,800 UK jobs, it announced on Friday, as the industry struggles to finance greener production of the metal.

ING targeted in new Dutch climate legal case

The Dutch climate activists who won an historic court battle against Shell now have a new target -- top Dutch bank ING.

US tech stocks help Wall Street flirt with records

Wall Street was higher for the second day running on Friday as a rally in tech stocks took US indexes to near record levels.

Ford to cut production of electric pickup on lower demand

US auto giant Ford said Friday that it is reducing production of its F-150 Lightning electric pickup, as it anticipates weaker demand for electric vehicles this year.

US existing home sales fall to lowest level since 1995

US existing home sales fell in the final month of 2023, ending a tough year for real estate as full-year sales hit the lowest level since 1995, said industry data released Friday.

Apple ready to open iPhone tap-to-pay to rivals -- in the EU

Apple is prepared to open the iPhone's ability to tap-to-pay to rivals -- in the EU -- after coming under fire for keeping users in its own ecosystem, the European Commission and the company said on Friday.

Grammy winner Kidjo says art 'humanises' Davos

Five-time Grammy winner and African music legend Angelique Kidjo says she attends the annual meeting of global elites in Davos because "bringing art to it humanises" the World Economic Forum.

Wall Street opens higher but European stocks lag

Wall Street opened higher as tech stocks continued their recovery, but European shares were weighed down by concerns about slow growth and sticky inflation.

UK health chief sounds alarm over falling measles vaccinations

The UK's public health protection agency on Friday sounded a "national call to action" for more measles jabs for children because of falling vaccination rates and fears a current outbreak could spread.

Tata Steel axes UK jobs as industry forges green future

Indian-owned Tata Steel is to cut up to 2,800 UK jobs, it announced Friday, as the industry struggles to finance greener production of the metal.

Tata Steel says to cut up to 2,800 UK jobs

Indian-owned Tata Steel is to cut up to 2,800 UK jobs, it announced Friday, as the industry transitions to greener production of the metal.

Economic outlook keeps investors wary on Nigeria

Record inflation, a sliding naira currency and weak financial structure are keeping investors wary of Nigeria, Africa's largest economy, with some companies even stepping away despite economic reforms under recently-elected President Bola Ahmed Tinubu.

Markets track Wall St rally but China worries cast shadow

Markets mostly rose Friday following a tech-led rally on Wall Street that helped soothe traders' concerns that the Federal Reserve will likely not cut interest rates, though China's economic woes dragged on Hong Kong and Shanghai.

Indian tycoon Adani bets big on vast solar and wind plant

Deep in the desert along the border with Pakistan, India's most controversial billionaire is building the world's largest renewable energy park as he races to future-proof his coal-linked fortune.

Japan inflation slows to 2.3 percent in December as energy bills drop

Japanese consumer inflation slowed again in December due to lower electricity and gas bills, government data showed Friday, ahead of a Bank of Japan policy decision next week.

Sawt Falasteen - Economy (English)