Sawt Falasteen - Economy

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Asian tech stocks mixed after Wall St losses, eyes on earnings

Asian stocks were mixed Monday following a Wall Street selloff fuelled by growing worries over the AI investment boom, though bargain-buying ahead of upcoming earnings provided some support.

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.

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Algerian football international Atal convicted over Gaza post

Algerian international footballer Youcef Atal was handed an eight-month suspended sentence by a French court Wednesday for inciting religious hatred in a social media post about the conflict in Gaza.

Global stocks mostly retreat

Asian and European stock markets mostly fell Wednesday as traders took cash off the table after a blockbuster end to 2023, with eyes now on the release this week of US Federal Reserve minutes and jobs data.

French oyster sales clam up as contamination scare spreads

When Philippe Le Gal brought his oysters to market this weekend, he expected them to sell quickly. It was, after all, New Year's Eve, a day when the delicacies are a crucial ingredient for champagne-soaked celebrations in French homes and restaurants.

Doctors in England start longest strike in NHS history

Hospital doctors in England on Wednesday began their longest consecutive strike in the seven-decade history of Britain's National Health Service (NHS).

Fears in Wales over legacy of its coalmining past

It was nearly four years ago but the memory of the landslip that sent 60,000 tonnes of old mining debris sliding down a Welsh hillside still haunts former miner Jeff Coombes.

Doctors in England to hold longest NHS strike ever

Hospital doctors in England on Wednesday begin their longest consecutive strike in the seven-decade history of Britain's National Health Service (NHS).

BYD: Chinese electric vehicle giant that has overtaken Tesla on sales

China's BYD has overtaken US electric vehicle giant Tesla as the world's leading EV deliverer, according to recent sales figures.

Asia tracks global losses as stock traders step back after rally

Asian markets fell Wednesday in line with a sell-off across most of the world as traders took their cash off the table after a blockbuster end to 2023, with eyes now on the release this week of Federal Reserve minutes and US jobs data.

Global stocks stumble at start of new trading year

Global stock markets mostly dipped Tuesday, the first trading day of the year, as a global equity rally stumbled on concerns traders had been too optimistic in the final days of 2023.

Somalia rejects Ethiopia-Somaliland deal as 'aggression'

Somalia on Tuesday vowed to defend its territory after a controversial deal between Ethiopia and the breakaway state of Somaliland that it branded an "aggression".

Stock stumble at start of new trading year

Global stock markets mostly fell on Tuesday, the first trading day of the year, as a global equity rally stumbled.

Stock markets mixed at start of new trading year

Europe's main stock markets mostly rose after Asian indices finished lower and the dollar rose Tuesday, the first trading day of the year.

China's Baidu cancels $3.6 bn purchase of livestreaming site

Chinese internet giant Baidu has said it was cancelling the planned multi-billion-dollar purchase of livestreaming platform YY Live, partly blaming its inability to get government approval.

No new year bounce for stocks, even as traders eye rate cuts

Asian markets were mixed Tuesday as most traders returned from the New Year break looking forward to a 2024 that is expected to see a series of Federal Reserve interest rate cuts, but to also be full of economic and political uncertainty.

Niger celebrates unity in the wrestling arena

The winner falls to his knees, arms raised triumphantly. After just eight minutes, his opponent's knee and elbow have touched the sand, handing "Issaka Issaka" an historic win in Niger's king of sports.

New women's North American hockey league launches

Women's ice hockey kicked off the new year with the launch of a new professional league, which debuted Monday with the very first match between the Toronto and New York teams.

Ethiopia, Somaliland agree deal on port access

Ethiopia on Monday struck a "historic" agreement to secure a stake in the main port in Somalia's breakaway region of Somaliland as the landlocked country eyes more access to the sea, officials said.

Denmark's Margrethe II, queen of hearts and the arts

Denmark's popular Queen Margrethe II, Europe's longest-serving monarch and last reigning queen after the death of Britain's Elizabeth II, is hailed for modernising Danish royalty in her half-century on the throne.

China's Xi hails 'resilient' economy in bullish New Year speech

President Xi Jinping said Sunday the Chinese economy had grown "more resilient and dynamic" in 2023, despite financial figures continuing to disappoint as the post-Covid recovery stalls.

Eurostar services resume as cause of flooded tunnel probed

Eurostar warned customers travelling from London on Sunday of potential delays after flooding forced the cancellation all Saturday trains.

Fresh Eurostar cancellations cause misery for New Year travellers

Eurostar trains were cancelled on Saturday due to flooded tunnels in southern England, causing misery for New Year travellers in the second major disruption in 10 days.

Eurostar cancels trains due to flooded UK tunnels

At least 14 Eurostar trains were cancelled on Saturday after flooding in tunnels in southern England, stranding thousands of passengers just ahead of New Year's Eve.

Chinese appetite for Australian barley is back

Three years after steep Chinese tariffs halted imports of Australian barley as tensions between the two countries ratcheted higher, the grain is once again flowing freely.

From Berlusconi to Tina Turner and Delors: notable deaths of 2023

From Italy's ex-premier Silvio Berlusconi to rock queen Tina Turner and former European Commission President Jacques Delors, here are some of 2023's most notable deaths.

Stock markets diverge to end record-breaking year

Stock markets diverged on Friday on the final trading day of a year during which major indices hit record highs as inflation cooled.

Spanish PM appoints new economy minister

Spanish Prime Minister Pedro Sanchez on Friday appointed Carlos Cuerpo, the head of the treasury, to be his new economy minister.

Ancelotti snubs Brazil, commits to Real Madrid

Carlo Ancelotti extended his contract with Real Madrid to June 2026 on Friday which would rule him out of becoming Brazil national coach.

Stock markets close out record-breaking year with gains

Stock markets mostly rose Friday, the final trading day of a year which saw major indices hit record highs as inflation cooled.

China's Huawei says expects revenue up almost nine percent in 2023

Chinese tech giant Huawei said Friday it "weathered the storm" of US sanctions as it announced a rise of almost nine percent in revenues in 2023, a year that saw it shock Washington with the release of a high-end smartphone.

Legal battles loom as first Mickey Mouse copyright ends

Almost a century after his big-screen debut, Mickey Mouse enters the public domain Monday, opening the floodgates to potential remakes, spin-offs, adaptations... and legal battles with Disney.

Guinea's economy struggles after fuel depot fire

Almost two weeks after a huge fire in Guinea's main fuel depot brought death and destruction, anger is growing as the economy is reeling, with inflation rising, petrol rationed and no trucks moving merchandise.

Stock markets mixed as trading year nears end

Stock markets diverged on the penultimate trading day of 2023 Thursday as investors cautiously look ahead to next year when the US Federal Reserve is expected to cut interest rates.

Sawt Falasteen - Economy (English)