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.

Last news

US regulators authorize first bitcoin funds on public markets

US securities regulators gave the green light Wednesday to a group of bitcoin exchange-traded funds, a keenly anticipated decision expected to boost the cryptocurrency.

UN 'very concerned' over attacks on Red Sea trade

The United Nations raised the alarm on Wednesday over increasing attacks on shipping in the Red Sea, blamed by Western countries on Huthi rebels, and the risk of escalation in the region.

Amazon cuts hundreds of jobs at Twitch, Prime Video and MGM

Amazon's gamer streaming unit Twitch on Wednesday announced that it was laying off 500 staff, reportedly one third of the company, as it struggles financially despite strong popularity among players.

Shouting match in US Congress as Biden son makes surprise show

Pre-election hostilities between the White House and US Congress spiked Wednesday as the surprise appearance of Joe Biden's son -- in Republican crosshairs over his business interests -- triggered pandemonium on Capitol Hill.

Boeing probing 'what broke down' in latest incident: CEO

Boeing is still in fact-finding mode following Friday's near-catastrophic aviation incident, searching for "what broke down" in its processes, Chief Executive Dave Calhoun said Wednesday.

Tensions flare in US Congress as Republicans target Biden's son

French post office opens changing rooms for online shoppers

France's post office is experimenting with opening changing rooms in some branches to cater to online shoppers who want to quickly return purchases that don't fit.

High tech glove stymies Parkinson's disease tremors

Roberta Wilson-Garrett looked at the glove keeping her right hand steady and smiled.

German transport hobbled by train strikes, farmer blockades

Nationwide strikes brought German transport to a near standstill Wednesday, with railway workers on a three-day stoppage and farmers on tractors blocking autobahns in a bitter protest over subsidy cuts.

EU Belong With Me: Brussels woos Taylor Swift to draw young voters

The EU on Wednesday called on US pop icon Taylor Swift to help young voters shake off any apathy and head to the polls at European elections in June.

UK, US forces repel 'largest attack' yet by Huthis in Red Sea

US and UK forces have shot down more than 20 drones and missiles over the Red Sea launched by Yemen's Huthis, in what London branded Wednesday the "largest attack" yet by the Iran-backed rebels.

Stock markets diverge awaiting inflation data, earnings

European and Asian stock markets diverged on Wednesday, the eve of key US inflation data and the latest earnings season.

Global unemployment set to worsen in 2024: UN

The global unemployment rate will increase slightly in 2024, the United Nations said Wednesday as it raised concerns about stagnant productivity, worsening inequalities and inflation biting into disposable income.

Bhutan's Tobgay to become PM for second time

Bhutanese voters have elected Tshering Tobgay to become prime minister for a second time after his party won nearly two-thirds of seats, the election commission said in results released Wednesday.

CES pet tech: Throw a dog a bone -- or an AI collar

They don't own smartphones and can't go online, but that doesn't prevent them from being connected: Pets are benefitting from a slew of animal-oriented technology at this year's Consumer Electronics Show in Las Vegas.

Cubans fear worsening inflation as fuel price to soar 500 percent

Already under the yoke of inflation and product scarcity, many Cubans don't know how they will cope with a new 500-percent surge in the fuel price.

US Republicans target Biden's son and top cabinet official

Republicans prepared Wednesday to launch efforts to impeach Joe Biden's immigration chief and target the US president's son for prosecution, in a major escalation of election-year hostilities with the White House.

'Not part of China': Taiwanese chart separate identity

Wrapping bamboo leaves around a nugget of sticky rice, cooking instructor Ivy Chen tries to replicate the recipe of a Taiwanese-style dumpling -- a distinct cuisine integral to the democratic island's identity.

Cross-strait couple's love transcends China, Taiwan tensions

Willy and Louis are in many ways a typical millennial couple: they met through a dating app, worry about work, love pop music, and like to travel or see friends on the weekends.

Cubans fear worsening inflation as fuel price to soar 500%

Already under the yoke of inflation and product scarcity, many Cubans don't know how they will cope with a new 500-percent surge in the fuel price.

At CES tech show, seeking robots neither too human nor too machine

With big, expressive eyes, elfin ears and adorable cooing, Miroka and Miroki could be an apparition from your favorite cartoon.

US stocks mostly fall as Tokyo hits 33-year high

US and European stocks markets mostly retreated Tuesday as a rebound at the start of the week lost steam amid investor worries about the growth outlook.

Boeing CEO: Alaska Airlines incident 'our mistake,' vows transparency

Boeing Chief Executive Dave Calhoun took responsibility for a near-catastrophic Alaska Airlines incident Tuesday, vowing "complete transparency" as the aviation giant tries to pivot from its latest crisis.

US lawmaker calls for probe of UAE tech firm over China ties

A key US lawmaker has called on Washington to mull trade curbs on Emirati artificial intelligence firm Group 42 Holdings (G42) over its ties with China, according to a letter released Tuesday.

Honda unveils futuristic EV designs to hit US market in 2026

Honda unveiled Tuesday a new electric vehicle series to launch commercially in 2026, revealing a futuristic concept car at the Consumer Electronics Show in Las Vegas.

Spain politicians bicker as plastic 'nurdle' spill swamps beaches

Dozens of volunteers used strainers to sift sand at beaches in northwestern Spain on Tuesday to collect millions of tiny plastic pellets that have washed up in recent days, endangering wildlife.

New US labor rule may help gig workers qualify as employees

A rule issued Tuesday by the US Labor Department making it tougher for companies to classify workers as "independent contractors" could take a toll on the gig economy -- and is likely to face challenges.

Stocks retreat as rebound loses legs

US and European stocks markets pulled back Tuesday as a rebound at the start of the week lost steam amid investor worries about the outlook for companies and economies.

Former Bhutan PM wins elections overshadowed by economic strife

Former prime minister Tshering Tobgay's party won Bhutan's election Tuesday, media reported, after polls dominated by economic threats challenging the Himalayan kingdom's longstanding policy of prioritising "Gross National Happiness" over growth.

US trade deficit narrows unexpectedly in November

The US trade gap narrowed in November as imports and exports both fell while higher interest rates bite, the government reported Tuesday.

Bhutan counts votes as economic strife hits 'national happiness'

Bhutanese election officials counted votes Tuesday after polls dominated by serious economic challenges that call into question the Himalayan kingdom's longstanding policy of prioritising "Gross National Happiness" over growth.

Asian markets track Wall St rally, Tokyo hits three-decade high

Asian markets enjoyed a much-needed bounce Tuesday after a dour start to the year, with Tokyo notching a three-decade high as traders tracked a rally on Wall Street.

Sawt Falasteen - Economy (English)