Sawt Falasteen - Economy

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Featured

US wants to be 'strong partner' for central Asia: Rubio

The United States wishes to be a "strong partner" for central Asia, Secretary of State Marco Rubio said on Monday, as he pushed for greater access for American companies during talks with regional leaders.

Oil-rich Alberta votes on Canada breakup

Canada's province of Alberta votes Monday on whether to hold a binding referendum on splitting from the country, with Prime Minister Mark Carney warning a separatist win would trigger crippling uncertainty during a crisis in US relations.

Last news

US October trade deficit widens further on decline in exports

The US trade deficit continued to grow in October due to a fall in exports, according to government data published Wednesday.

US private sector job growth slows in November

Hiring in the US private sector eased in November, as the post-pandemic boom in restaurant and hotel employment moderated, payroll firm ADP said Wednesday.

Stock markets rise on rate-cut hopes

Global equities rose Wednesday with Frankfurt striking a record peak, as investors tracked resurgent hopes of interest rate cuts from the European Central Bank and the US Federal Reserve.

Volkswagen to reduce workforce as it chases profits

Volkswagen said Wednesday it would cut its workforce over the coming years as the German auto giant seeks to boost its profitability and reboot a faltering shift to electric cars.

Paris officials warn against metro price hikes during Olympics

The mayor's office in Paris has urged the regional transport authority to abandon its plan to near-double metro fares during the Olympics this summer.

EU proposes three-year delay on UK electric car tariffs

Brussels proposed Wednesday a three-year delay on tariffs on the sale of electric vehicles between Britain and the EU that was meant to kick in from January, in a major reversal of its previous position.

Record passengers as airline industry recovers from pandemic

Airlines should carry a record number of passengers next year as the sector puts the Covid-19 pandemic behind it, the industry's top trade association said Wednesday, although profitability remains a concern.

Markets on front foot as US jobs data provide new rate cheer

Equities rose Wednesday after a tepid start to the week as data pointing to a softening US labour market restoked hopes the Federal Reserve will cut interest rates in the new year.

Argentina's Milei doggedly devoted to cloned pooches

He dedicated his election victory to them: the clones he had made of his beloved dog, Conan. Argentina's ultra-libertarian president-elect Javier Milei may be considered barking mad by some, but is nothing if not devoted to his "four-legged children."

High speed rail in US west gets $6bn boost

Proposed high-speed rail lines in the western United States moved a step closer to reality Tuesday with the announcement of $6 billion in government grants.

High speed rail between LA and Las Vegas gets $3bn boost

A proposed high-speed rail line linking Los Angeles with the US gambling and entertainment capital Las Vegas moved closer to reality Tuesday with the announcement of a $3 billion government grant.

'Bad buzz': How video games learnt to embrace diversity

The most notorious, violent and often sexist video game "Grand Theft Auto" is finally dropping a playable woman character into its testosterone-fuelled world, capping a wider trend towards more inclusivity in the gaming industry.

Business as usual: Record number of fossil fuel lobbyists at COP28

NGOs may have slammed the record number of fossil fuel lobbyists at UN climate talks in Dubai, but the industry won't be browbeaten, with the OPEC cartel hosting a chat on "climate initiatives" and one of the heads of the "Big Oil" majors sparring with protesters.

US, European stocks mixed as data comforts rate-cut bets

US and European stocks diverged on Tuesday despite data comforting expectations that central banks may begin cutting interest rates soon.

Killer's wife says role in British student's death 'unforgivable'

The widow of a French serial killer known as the "Ogre of the Ardennes" on Tuesday admitted she played an "unforgivable" role in the 1990 rape and murder of British student Joanna Parrish by her former husband.

EU chief warns China on trade gap ahead of summit

European Union chief Ursula von der Leyen warned Tuesday, ahead of an annual EU-China summit, that Europe won't tolerate its soaring trade imbalance with China forever.

'Turn tragedy into change': Italy mourns femicide victim

Thousands of Italians paid their last respects Tuesday to a university student killed by her ex-boyfriend, a case that has triggered nationwide grief and rage at violence against women.

Stock markets diverge as traders temper rate-cut bets

Major stock markets diverged Tuesday, with analysts warning November's rally fuelled by bets on interest rate cuts may have gone too far.

Asian, European markets drop as traders temper rate cut bets

Stocks fell Tuesday, extending the sell-off seen on Wall Street, with analysts warning November's rally fuelled by bets on interest rate cuts may have gone too far, forcing traders to take a step back.

Moody's downgrades outlook on China credit rating over debt fears

Ratings agency Moody's on Tuesday downgraded the outlook on China's credit rating to "negative" from "stable" on the back of rising debt in the world's second-largest economy, with Beijing saying it was "disappointed" by the move.

Asian markets drop as traders temper rate cut bets

Hollywood braces for actors' vote on strike deal

Hollywood on Tuesday anxiously waited to learn if actors have approved their union's hard-fought deal with studios, or if an entertainment industry still reeling from months-long strikes could be plunged back into turmoil.

Oscar-nominated Bhutan director turns lens on democracy ahead of vote

The Himalayan kingdom of Bhutan, the last country to introduce television, made waves last year with a film director who walked the red carpet of the Oscars.

Man in a wooden suit: Finnish craftsman turns bark to art

In his rustic cabin in the forests of southern Finland, 87-year-old Erkki Pekkarinen carves delicate strips of birch bark with his knife, before intricately weaving them into beautiful objects.

Grand Theft Auto: built for the long haul

In a video game industry known for cranking out sequels, Rockstar Games has cashed in big by making "Grand Theft Auto" fans painfully wait for their next fix of the shoot 'em up blockbuster.

Crunch time for EU-Mercosur deal at Rio summit

The fate of a long-awaited but controversial Europe-South America trade deal hangs in the balance this week when Brazilian President Luiz Inacio Lula da Silva hosts a summit of the Mercosur regional bloc.

Banque Pictet to pay nearly $123 mn over secret bank accounts

Banque Pictet et Cie will pay nearly $123 million under a deferred prosecution agreement in which the private bank admitted to helping US taxpayers evade $50.6 million in taxes, US officials announced Monday.

UK raises minimum salary for skilled migrant worker visa

Britain's embattled Conservative government unveiled a raft of measures Monday aimed at cracking down on record levels of regular migration, including raising the minimum salary threshold for a skilled worker visa.

'I did not kill Narumi:' Chilean appeals against murder conviction

A Chilean man insisted on Monday he did not kill his Japanese ex-girlfriend Narumi Kurosaki in 2016, at the start of his appeal against his murder conviction in a French court.

'Where is our future': Uganda declares war on used clothing

For nearly three decades, the chaotic, overcrowded Owino secondhand market in Uganda's capital has been the cornerstone of Hadija Nakimuli's life, helping the widowed shopkeeper build a house and raise 12 children.

Bitcoin soars past $40,000 on optimism for US trading approval

Bitcoin on Monday rose past $40,000 for the first time since May last year, boosted by hopes that the United States will soon allow broader trading of the world's biggest cryptocurrency.

China's Evergrande liquidation case adjourned until January: HK court

Heavily indebted Chinese property giant Evergrande has until late January to put together a restructuring plan, a Hong Kong court ruled Monday, extending a deadline that could lead to its liquidation.

Sawt Falasteen - Economy (English)