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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Saudi, Russian oil cuts to cause big supply shortfall: IEA

Oil cuts by Saudi Arabia and Russia will cause a "significant" global supply shortfall through the end of the year, raising the risk of further market volatility, the International Energy Agency said Wednesday.

EU to probe China electric car subsidies

Brussels will investigate Chinese state subsidies for electric cars, EU chief Ursula von der Leyen said Wednesday, vowing to defend Europe's industry against "artificially low prices".

Heat brings hope for Tokyo's handmade umbrella maker

One of Tokyo's last handmade umbrella shops has weathered many storms and is now thriving thanks to booming demand for parasols as Japanese summers get hotter, including increasingly from men.

Auto Show opens as Detroit weighs possible strike

The Detroit Auto Show, normally a cheery showcase of latest models from the three legacy US car giants, is taking second fiddle this year to a looming auto workers' strike and its mounting odds.

As climate catastrophes rise, reinsurers reduce risks

Natural disasters are now happening so frequently that reinsurers -- the firms that sell insurance to insurance companies -- are scaling back their exposure to such risks.

UBS's Credit Suisse takeover, 'deal of the century'?

Did banking giant UBS make "the deal of the century" when it bought one of the world's biggest banks for a pittance as it teetered on the edge of the abyss?

Economy and management blamed for demise of UK retailer Wilko

The imminent demise of household goods seller Wilko highlights the challenges UK retailers currently face amid decades-high inflation and anaemic economic growth, but experts argue it also stems from bad management.

Asian markets swing as crude spike stokes inflation concerns

Equities fluctuated Wednesday ahead of a crunch US inflation report, with investors increasingly nervous that a recent spike in oil will put fresh upward pressure on consumer prices and force the Federal Reserve to lift interest rates again.

Ford CEO: 'Still optimistic' but ready in case of auto strike

Ford's CEO said Tuesday night that he was still optimistic of averting a looming strike, but that "there is a limit" to what the company can accept.

Qantas loses court fight over Covid lockdown layoffs

Qantas illegally sacked 1,700 ground staff during Covid-19 lockdowns, Australia's High Court ruled Wednesday, dismissing an appeal by the airline and opening up the prospect of hefty compensation.

High costs push home ownership out of reach of younger Americans

When Jennie Luhmann started searching for her family's "forever home," she found herself in a perfect storm -- few properties were available, buyers were making all-cash offers and interest rates were climbing.

French master jeweler's art on display in New York

Miniature lamps encrusted with diamonds and rubies; animals and plants carved out of gold and emerald: reclusive French master jeweler Andre Chervin, who has supplied the world's most elite brands, is finally putting his own art on display in New York.

BP chief Bernard Looney resigns over transparency issues

British energy giant BP said Tuesday that its chief executive Bernard Looney has resigned "with immediate effect", after admitting he had not been "fully transparent" about historical relationships with colleagues.

BP chief Bernard Looney resigns 'with immediate effect'

British energy giant BP said Tuesday that its chief executive Bernard Looney has resigned "with immediate effect", after admitting that he had not been "fully transparent" about historical relationships with colleagues.

US says Google pays $10 billion a year to dominate search

The US government on Tuesday accused Google of paying out $10 billion a year to Apple and other firms in order to safeguard its monopoly over online search.

US household incomes fall for third straight year: Census Bureau

US inflation-adjusted incomes fell for a third straight year in 2022, but overall income inequality decreased, according to new Census Bureau data.

Meat, milk alternatives could slash food system emissions a third: study

Replacing half of the pork, chicken, beef and milk products we consume with plant-based alternatives could reduce global greenhouse gas emissions from agriculture and related land use by nearly a third, and virtually halt forest loss, according to research published on Tuesday.

Stocks struggle ahead of key US inflation data

US and European stock markets mostly fell Tuesday on the eve of key US inflation data and amid lingering concerns about weakness in China's economy.

From chargers to children's data: how the EU reined in big tech

When Apple unveils its latest iPhone on Tuesday, the European Union will have left its mark on the US giant's flagship product.

Stocks diverge, dollar up on eve of key US inflation data

Stock markets traded mixed Tuesday on the eve of key US inflation data and amid lingering concerns about weakness in China's economy.

Bound by EU, new iPhone expected to adopt USB-C charger

Apple on Tuesday is expected to freshen its iPhone lineup, improving performance and switching to a universal charger set to become mandatory in Europe next year.

US signs off on transfer of funds to Iran in prisoner deal

The United States confirmed Monday it had signed off on the transfer of $6 billion in frozen Iranian funds from South Korea, paving the way for five US citizens to leave Tehran.

SoftBank supremo eyes rare success with Arm IPO

Masayoshi Son's once-exalted reputation as an investor is badly tarnished, but the irrepressible founder of Japan's SoftBank is hoping that the mega-IPO of Arm this week might bring back the good times.

Most Asian markets drop as uneasy traders await key data

Asian markets struggled Tuesday to extend a Wall Street and European rally as traders nervously await US inflation data, while lingering concerns about China's economy remain a millstone.

Alexander McQueen designer Sarah Burton quits after two decades

British fashion house Alexander McQueen is losing its artistic director Sarah Burton who has been in charge for more than 20 years, parent company Kering announced on Monday.

Over 10,000 more jobs to go at UK's Wilko after partial rescue fails

More than 10,000 staff will lose their jobs at struggling UK household goods retailer Wilko, administrators said Monday, after last-ditch talks on a rescue deal with the owner of the HMV music store chain collapsed.

Work starts on key German wind power energy line

Construction work has started on the long-delayed 700-kilometre (430-mile) power line that will transfer wind-generated electricity from northern to southern Germany, the economy ministry said Monday, pushed by an energy crisis.

Stock markets rise as US inflation data, ECB rate loom

Stock markets rose on Monday at the start of a busy week that includes key US inflation data and a European Central Bank decision on interest rates.

Job fears at UK retailer Wilko after partial rescue deal fails

Thousands of job losses at struggling UK household goods retailer Wilko are looking increasingly likely after the owner of the HMV music store chain said Monday that talks for a last-ditch rescue deal had collapsed.

EU cuts eurozone 2023 growth forecast, sees German recession

The European Commission cut its 2023 and 2024 eurozone economic growth forecasts on Monday, with the single currency area weighed down by Germany's poor performance.

HMV owner's bid for UK retailer Wilko falls through

A last-ditch bid to save thousands of jobs at struggling UK household goods retailer Wilko has collapsed, the owner of the HMV music store chain said on Monday.

History on tap: Brussels serves beer museum to thirsty visitors

Sightseers who flocked to a grand reopening of the refurbished Brussels stock exchange building this weekend were invited to chase the visit down with a side order of Belgium's top tipple -- beer.

Sawt Falasteen - Economy (English)