Sawt Falasteen - Economy

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Featured

As actors get more physical, Bollywood embraces intimacy coordinators

India's film industry, where scenes featuring nudity or sex often rely on improvisation and mutual trust, is gradually welcoming professionals tasked with choreographing intimacy to protect actors and ensure consent.

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.

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Hopes for change in Gabon after years of unpaid pensions

There's a new air of optimism among the seniors waiting patiently since dawn in Gabon's capital Libreville to chase up pensions that were never paid.

Eurozone stock markets steady before ECB rate call

Eurozone stock markets steadied Thursday with all eyes on whether the European Central Bank will announce a further hike to eurozone interest rates.

UK retail brand Wilko sold to rival: administrator

The brand of bankrupt British household goods company Wilko, whose recent collapse sparked the loss of about 12,500 jobs, has been sold to a competitor, administrators said Thursday.

Locals, NGOs accuse World Bank of backing Indonesia coal plant expansion

Residents and green NGOs have accused the World Bank of indirectly financing two new coal-fired power plants on Indonesia's most populous island despite promises to shift to low-carbon funding, according to a complaint filed Thursday.

China says EU car subsidy probe will have 'negative impact'

China warned on Thursday a probe by the European Union into Beijing's subsidies for electric cars would have a negative impact on its trade relations with the bloc, which it accused of "naked protectionism".

Russia seeks to erase border with occupied Ukraine

To enter Russia from occupied Ukraine, all Tatiana has to do is arrive at the edge of the war-battered Donetsk region, show guards her Russian passport, say "thank you" and cross.

Stock markets rise as US inflation soothes rate fears for now

A mixed US inflation report boosted equity markets Thursday as it soothed fears of a possible Federal Reserve interest rate hike next week, though the still hot reading left open the possibility of one more before year's end.

Midnight strike deadline looms large for Detroit car giants

There is a long history of labor strikes at US car plants, but an emboldened auto workers union is poised to announce Thursday the first simultaneous strike of Detroit's "Big Three."

Interest rate cliffhanger as ECB mulls hike or pause

Eurozone interest rate setters face the toughest call of their long battle against red-hot inflation Thursday, when they decide whether to raise borrowing costs again or finally pause the unprecedented hiking campaign.

Asian markets rose as US inflation soothes rate fears for now

A mixed US inflation report boosted Asian markets Thursday as it soothed fears of a possible Federal Reserve interest rate hike next week, though the still hot reading left open the possibility of one more before year's end.

Outback Aboriginal town 'forgotten' in Australia's rights vote

Indigenous inhabitants of a small, dusty outback town in remote northern Australia hold out little hope that a historic October 14 referendum on Aboriginal rights will help their "forgotten" community.

'Huge' overfishing problem shows need to ratify ocean treaty: Greenpeace

Overfishing in international waters has surged in the past five years and demonstrates the need to ratify a recent global treaty to protect the high seas, a Greenpeace report said Wednesday.

US auto union chief says 'preparing to strike' as talks deadlock

The head of the US auto workers union announced Wednesday plans to strike against the three major Detroit automakers, saying the two sides remain far from a new agreement.

Former Starbucks CEO Schultz steps down from board

Starbucks said Wednesday its former chief executive Howard Schultz will step down from the coffee chain's board of directors "as part of a planned transition."

Picasso masterpiece to fetch $120 mn in November auction: Sotheby's

The November auction of a Pablo Picasso masterpiece, the late Spanish painter's "Femme a la montre" from 1932, is expected to fetch at least $120 million, Sotheby's announced Wednesday.

Argentina monthly inflation highest in three decades

Argentina recorded an inflation rate of 12.4 percent in August, the highest monthly change in over three decades in a country dogged by chronic economic instability, its statistics agency said Wednesday.

Argentina monthly inflation highest in two decades

Argentina recorded an inflation rate of 12.4 percent in August, the highest monthly change in over two decades in a country dogged by chronic economic instability, its statistics agency said Wednesday.

Parents of US reporter held in Russia seek help at UN

The parents of US reporter Evan Gershkovich said Wednesday they want world leaders due to gather at the United Nations next week to join in pressing for his release from prison in Russia.

Argentina dismantles prolific Nazi printing press

Argentine police have seized more than 200 Nazi publications and book covers and arrested the owner of a printing press run out of a home in suburban Buenos Aires, authorities said Wednesday.

South African township resists police over illegal power cables

A woman in a black and white dress struggled, pulling fiercely on a long electrical cable as she tried to stop the police in anti-riot gear from carrying it away.

European bumblebee populations projected to plummet

Populations of European bumblebees are projected to fall drastically in the coming decades due to climate change and habitat loss, researchers warned on Wednesday.

BP shares sink after CEO quits over relationships

Shares in British energy major BP sank Wednesday after chief executive Bernard Looney resigned unexpectedly over his failure to disclose past relationships with colleagues.

Panama seeks new sources of water for canal

Panama is looking into new sources of water for the Panama Canal, which moves six percent of global maritime trade but recently had to restrict traffic due to drought, its operator said.

Musk, Zuckerberg visit US congress to discuss AI

Big tech bigwigs including Elon Musk and Mark Zuckerberg traveled to Capitol Hill on Wednesday to share their plans for artificial intelligence as the US prepares to draw up legislation to better control the technology.

North Korean shells could keep Russian guns firing

North Korea's suspected plans to supply Russia with ammunition could allow Moscow to keep up its war effort in Ukraine but would fall short of a solid strategic alliance, experts say.

Oil prices fuel US inflation but stocks resist

US stocks edged higher Wednesday despite data showing rising oil prices pushed US inflation to its largest monthly gain in over a year in August as investors see the Federal Reserve likely to hold interest rates steady.

UN rights chief slams Musk 'trolling campaign' against anti-defamation group

The UN rights chief decried Wednesday an online "trolling campaign" against a leading anti-defamation group, urging online platforms like X, formerly Twitter, to do more to battle hate speech.

US consumer inflation ticks up in August on gasoline prices

Consumer inflation in the United States picked up in August for a second straight month, according to government data released Wednesday, putting the heat on policymakers as they work to lower prices.

BP shares drop after CEO quits over relationships

Shares in British energy major BP dropped Wednesday after chief executive Bernard Looney resigned unexpectedly over his failure to disclose past relationships with colleagues.

Von der Leyen vows 'fair' green deal for EU farms and industry

EU chief Ursula von der Leyen promised on Wednesday that Europe's green energy transition would be "fair and just" for farmers and businesses fearful of new regulations and unfair foreign competition.

With a Barbie boost, Birkenstock to step onto stock market

When actress Margot Robbie swapped high heels for pink Birkenstocks in hit summer movie "Barbie", it illustrated how the sandals have transformed from unglamorous, practical footwear to a highly-coveted fashion item.

Verdict nears in trial of Turkish anti-femicide group

Turkey on Wednesday resumed the trail of an anti-femicide campaign group that prosecutors are trying to shut down on charges of violating administrative laws and "morality".

Sawt Falasteen - Economy (English)