Sawt Falasteen - Economy

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Featured

Asian stocks rally as tech firms enjoy bounce ahead of key earnings

Asian markets rallied Wednesday as tech firms enjoyed a much-needed rebound, with investors taking heart from upbeat earnings that lifted sentiment ahead of a crucial reporting season.

Musk backs SpaceX-Tesla merger as rocket firm turns profit

Elon Musk said Tuesday he would back a merger of SpaceX and Tesla, as his rocket and AI company reported its first quarterly profit since going public, driven by deals to rent out computing power to AI firms.

Last news

Solar panels go into service near North Pole

Norway has installed solar panels in its Svalbard archipelago, a region plunged in round-the-clock darkness all winter, in a pilot project that could help remote Arctic communities transition to green energy.

Asian markets drop ahead of Fed decision, oil prices push on

Asian stocks sank Tuesday following sedate performance on Wall Street as investors keep their powder dry ahead of the Federal Reserve's policy decision later in the week.

US auto workers eye expanded strike as talks continue

Uncertainty will be the most powerful weapon wielded by US auto workers, industry watchers said as the first ever simultaneous strike by Detroit's "Big Three" looks set for the long haul.

Belgium opens memorial on site of serial killer's 'horror house'

Belgium on Tuesday opens a memorial garden on the site where notorious serial killer Marc Dutroux imprisoned his young victims, more than a quarter of a century after his crimes shocked Europe.

US jobs market solid but Fed risks pushing too far

The US labor market is remarkably solid despite aggressive interest rate hikes to fight inflation and a recent rise in unemployment, but analysts warn that the central bank risks pushing too far.

US auto workers leave room to accelerate strike as talks continue

Uncertainty will be the most powerful weapon wielded by US auto workers, industry watchers said as the first ever simultaneous strike by Detroit's "Big Three" looks set for the long haul.

The US sanctions squeezing Iran leaders, oil and trade

Iran is one of the world's most sanctioned countries, with the United States deploying a punishing arsenal of measures against the Islamic republic since the Iran hostage crisis of 1979-81.

Push at UN for reform to meet elusive development goals

Developing countries on Monday urged a shake-up in the global order to help the world's poorest, at a United Nations summit on ambitious anti-poverty promises that remain far off track.

Convicted paedophile football coach dies in UK prison

Former football coach Barry Bennell, who was convicted of a series of child sex offences, has died in prison, Britain's Ministry of Justice confirmed on Monday.

Fashion seeks dedicated followers with influence online

Once kept firmly at arm's length by the fashion world, influencers are now courted alongside big celebrity names by emerging talents keen to leverage their millions of online followers.

Stock markets slide before central bank decisions on rates

Stock markets mostly slid on Monday as traders looked ahead to interest-rate decisions this week from the US Federal Reserve and Bank of England.

Unrepentant Truss urges UK govt to cut taxes to boost growth

Former Conservative prime minister Liz Truss on Monday waded in to give the Tory government economic advice, nearly a year after she triggered market turmoil and took the UK to the brink of financial meltdown.

Thailand urged to halt crop burning after air pollution spike

Thailand must ban stubble burning by farmers to improve air quality, the head of a leading agricultural body said Monday, after a spike in dangerous pollution left millions needing medical treatment.

France to allow loss-making petrol sales to bust fuel inflation

France will lift a ban on below-cost sales to bring down fuel prices, Finance and Economy Minister Bruno Le Maire said Monday, hoping to soothe consumers' inflation anxieties.

Asian Games landmark for eSports fires Olympic dreams

ESports' debut as a medal event at the Asian Games starting this week will change attitudes and be a major step towards Olympic recognition at last, gamers and experts say.

Asian markets stutter as traders prepare for Fed decision

Asian markets started the week limply Monday following a sell-off on Wall Street, with focus turning to the Federal Reserve's keenly awaited key policy decision.

One in 10 Japanese are older than 80: government data

More than 10 percent of Japanese people have crossed 80 years or older for the first time, new official data showed, as the nation faces a rapidly greying population.

Pope to defend migrants in Marseille trip

Calls for compassion for migrants suffering in North Africa and those attempting to reach Europe or die trying will be at the heart of Pope Francis's visit to Marseille this week.

US auto union chief warns ready to 'amp up' strike if no deal

The United Auto Workers chief warned Sunday that a historic strike at the top three US car manufacturers will expand if the companies do not raise their wage offers in ongoing negotiations.

Water-starved Saudi confronts desalination's heavy toll

Solar panels soak up blinding noontime rays that help power a water desalination facility in eastern Saudi Arabia, a step towards making the notoriously emissions-heavy process less environmentally taxing.

Slack CEO is ready to ride AI wave

Artificial Intelligence is transforming Slack, the widely used workplace messaging platform, its CEO told AFP just nine months after taking on one of the most high profile jobs in Silicon Valley.

From streetwear to red carpet, London Fashion Week offers choices

From streetwear to elegant evening dresses, the catwalks of London Fashion Week were not short of choices as designers showcased their collections for spring and summer 2024.

US auto talks at 'critical phase' as political pressure grows

High-wire talks between striking US workers and automotive giants are in a "critical phase," Jeep-maker Stellantis said Saturday, as politicians staked out positions on a labor issue that could have national impact.

UK comedian Russell Brand accused of sexual assault: media

British comedian and actor Russell Brand has been accused of rape, sexual assaults and emotional abuse during a seven-year period, according to the results of a media investigation published Saturday.

California sues oil giants, alleging climate risks deception

The US state of California sued five of the world's largest oil companies on Friday, alleging the firms caused billions of dollars in damages and misled the public by minimizing the risks from fossil fuels, according to a court filing.

Upbeat mood along picket lines on US auto strike's first day

Tim Jackson was partly through a car repair Thursday night when he learned that Ford's Wayne, Michigan factory had been tapped as one of three plants nationally to strike.

California sues oil giants, alleging climate risks deception: NYT

Turkish clubs take financial hit to attract big names in transfer market

Turkey's biggest clubs lured established stars including Mauro Icardi, Hakim Ziyech and Wilfried Zaha to the Super Lig in the transfer window with a spending spree that leaves them slipping further into the red.

US auto workers, companies face off on day two of strike

Workers and management from the iconic "Big Three" auto giants were to face off at the negotiating table Saturday on the second day of a strike threatening to disrupt the economy and rock the 2024 presidential election campaign.

US auto workers strike, winning support from Biden

Workers at the "Big Three" US auto manufacturers went on strike Friday in a first-ever coordinated action to demand pay raises, winning strong support from President Joe Biden whose pro-union stand is crucial to his 2024 re-election hopes.

British nurse jailed for killing seven babies lodges appeal

A British nurse jailed for life for murdering seven newborn babies and attempting to kill six others has lodged a legal bid to appeal her conviction, court officials said Friday.

More pain for Kenyans as fuel prices hit all-time high

The cost of fuel in Kenya hit a record high on Friday after the energy regulator revised pump prices, adding to the economic hardship facing millions of people.

Sawt Falasteen - Economy (English)