Sawt Falasteen - Economy

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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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Asian markets track Wall St higher after tech surge

Asian markets 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 as early or by as much as hoped this year.

Beyond algorithms: Sandra Rodriguez hacks AI tools for art

Canadian artist and academic Sandra Rodriguez, by hacking artificial intelligence, hopes to demystify the novel technology topping the news of late, while showcasing its power and potential to brighten but also disrupt our lives.

Japan inflation slows 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.

Global stocks rebound as tech snaps losing streak

Global stocks rebounded Thursday in choppy trade as investors assessed the outlook for interest rates and tech giants rebounded from recent losses.

Ukraine allies launch 'artillery coalition' to boost depleted supplies

Ukraine warned Thursday that its army faces a "very real and pressing" ammunition shortage in its war against Russia, as Western allies agreed new artillery supplies.

Stocks rebound from sharp losses

Global stocks rebounded Thursday in choppy trade as investors assessed the outlook for interest rates after the previous day's sharp losses.

Just Eat to halt Paris subsidiary employing riders on contracts

The Anglo-Dutch group Just Eat Takeaway said Thursday that it would wind up its Paris subsidiary that employs riders on labour contracts but that it will continue to operate its delivery service in the French capital.

Stocks attempt rebound from sharp losses

Global stocks attempted to rebound Thursday in choppy trade as investors assessed the outlook for interest rates after the previous day's sharp losses.

Senior Yemen official says ground operation needed against Huthis

The deputy leader of Yemen's presidential council said Thursday that its military forces need foreign assistance to launch a ground operation that would back US and UK air strikes against Huthi rebels.

Google CEO warns of more layoffs

Google CEO Sundar Pichai has warned employees that more layoffs are in store at the search engine giant as it focused on new priorities, including artificial intelligence.

Kyiv warns ammunition low as allies launch 'artillery coalition'

Ukraine's defence minister warned Thursday that the country faced a "very real and pressing" ammunition shortage in its grinding near-two-year battle against Russia, as Western allies met in Paris to agree new artillery supplies.

Public-sector strikes add to N. Ireland's political crisis

Tens of thousands of public-sector workers in Northern Ireland walked off the job on Thursday, in what one union boss said could be the biggest strike in the province.

European equities attempt rebound from sharp losses

Europe's major stock markets rose Thursday in choppy trade after a largely upbeat Asian session, as investors assessed the outlook for global interest rates after the previous day's sharp losses.

India's Akasa Air orders 150 Boeing planes: CEO

India's newest airline, Akasa Air, said Thursday it has ordered 150 Boeing 737 MAX planes as it looks to bolster its fleet and kick off international operations.

IMF grants Kenya new $941 million loan

The International Monetary Fund said it has granted Kenya a new loan of more than $941 million to help buttress the finances of the cash-strapped East African nation.

Markets swing on dimming rate cut hopes, weak China outlook

Asian stocks were mixed Thursday after another dour day across global markets fuelled by a sense of resignation that the interest rate cuts long expected in March will not materialise as inflation remains stubbornly high.

Shanghai's elderly seek romance at Ikea lonely hearts club

More than a decade after Ikea tried to kick them out, the raucous Shanghai pensioners' matchmaking group that gathers weekly in the furniture store's cafeteria is still very much alive and kicking.

Apple loosens grip on iPhone apps - with a catch

After a years-long legal battle, Apple says it will begin allowing iPhone app developers to use alternative payment systems -- but they will still have to pay fees and meet various conditions.

Brazil's Indigenous Yanomami again face illegal mining-linked crisis

The Yanomami Indigenous group are again facing a severe humanitarian crisis blamed on illegal gold miners, despite Brazil's president deploying the military to wrest back control of their territory.

'Prince of Persia' creator 'never imagined' game would be his magic carpet

For video game maker Jordan Mechner, "The Prince of Persia" has allowed him to achieve a childhood dream.

West Bank economy in tatters as Gaza war rages

In the occupied West Bank, Hafeth Ghazawneh waits in quiet frustration for customers to visit his falafel stall, which has been deserted since the October 7 Hamas attacks in Israel.

Apple hit again with US ban in watch patent feud

A federal appeals court on Wednesday ordered Apple to halt the US sale of its latest smartwatch models in a feud over patents with health company Masimo.

US business 'optimistic' about interest rates cuts: Fed

US businesses say they are "optimistic" about the prospect of falling interest rates, even as economic conditions have remained largely unchanged in recent weeks, the Federal Reserve said Wednesday.

Argentina's Milei calls socialism a 'danger' for West at Davos

Argentina's libertarian new President Javier Milei slammed socialism as a threat to the West in a fiery speech to global political and business elites in Davos on Wednesday.

Argentina's Milei calls socialism a 'danger' for West

Argentina's libertarian new President Javier Milei slammed the threat to the West posed by socialism at the meeting of global political and business elites in Davos on Wednesday.

Trade barriers can slow energy transition: IEA chief

Trade barriers can slow the world's energy transition but commerce also needs to be fair, International Energy Agency chief Fatih Birol said Wednesday, as world powers tussle over the technologies key to fighting climate change.

US retail sales beat expectations in December to wrap solid year

US retail sales accelerated more than anticipated in December, closing out a year marked by resilient consumption, government data showed on Wednesday.

UK inflation in shock rise, dashing rate cut hopes

British annual inflation unexpectedly picked up in December, data showed Wednesday, dashing hopes of an early cut to UK interest rates and prolonging a cost-of-living squeeze before an election.

BP picks new CEO following Looney sacking

British oil giant BP on Wednesday named veteran employee Murray Auchincloss as chief executive officer following a period as interim boss in the wake of Bernard Looney's sacking.

Markets fall on dimming rate cut hopes, China's torpid growth

Asian markets fell further Wednesday as hopes for an early interest rate cut by key central banks faded and data confirmed China's economy last year grew at its slowest pace in more than three decades.

Austrian heiress pays to give away 25 million euro fortune

The rich and famous are paying top dollar for a place at this week's Davos summit but heiress Marlene Engelhorn is on the other side of the fence at the glitzy Swiss resort, demanding that they pay more in taxes.

China sees one of its worst years of growth since 1990 as recovery stalls

China's economy last year grew at one of its slowest rates in more than three decades, official figures showed Wednesday, as it was battered by a crippling property crisis, sluggish consumption and global turmoil.

Sawt Falasteen - Economy (English)