Sawt Falasteen - Economy

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Featured

US, Canada fail to reach trade pact to avert Trump tariffs

Hefty US tariffs on some Canadian products took effect on Saturday after days of negotiations that went down to the wire failed to produce an agreement.

Arctic shipping a daunting prospect in hotly contested region

With Gulf turmoil slashing Suez Canal traffic, shipping firms are tempted to try the Arctic for quicker trips between Europe and Asia -- but commercial prospects are unlikely to match countries' strategic ambitions for the North Pole.

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China central bank cuts key interest rate to boost economy

China's central bank cut a key interest rate and injected $33 billion into financial markets Thursday, as data showed the world's second-largest economy was flagging.

Lithium boom comes to Brazil's 'misery valley'

In a cloud of gray dust, a heavy-duty excavator loads a truck with stone blocks containing lithium, the "white gold" of the clean-energy revolution, which some hope will transform this parched, impoverished region of Brazil.

Marvel swaps superpowers for spies in 'Secret Invasion'

Alien conspiracies, Oscar winners and hardly a superhero in sight: Marvel is taking its record-breaking franchise in a new direction with "Secret Invasion," a spy thriller starring Samuel L Jackson, Olivia Colman and Emilia Clarke.

US music publishers hit Twitter with copyright suit

Major music publishers on Wednesday filed a federal lawsuit accusing Twitter of failing to stop "rampant" copyright infringement on the platform.

Bitmanu's Revolutionary ASIC Miners Technology Reshape Crypto Landscape

NEW YORK, June 14, 2023 (GLOBE NEWSWIRE) -- The global crypto landscape has recently experienced the emergence of a new sensation in the form of a suite of ASIC miners from Bitmanu. Many industry stalwarts consider these mining rigs to be nothing less than a technological marvel that has the potential to change the way crypto mining will be done in the years to come.

Split decision in US stocks as market digests mixed messages from Fed

Wall Street indices moved in opposite directions Wednesday after digesting a mixed Federal Reserve decision that paired a pause in interest rate hiking with a signal for more tightening ahead.

Poles protest restrictive abortion law after pregnant woman dies

Several thousand people took to streets in Poland Wednesday to protest a near-total ban on abortion that they blame for a new case of a death of a pregnant woman.

Fed pauses interest rate hikes but signals more tightening ahead

The US Federal Reserve voted Wednesday to pause its aggressive campaign of interest rate hikes despite "elevated" inflation, while indicating a sharp increase could be needed before the end of the year.

Swedish inflation dips, Beyonce blamed for high prices

Swedish inflation dipped under 10 percent in May, official statistics showed Wednesday, but was still higher than expected with some analysts suggesting superstar Beyonce had tipped the scales.

Vodafone, Three announce plan for biggest UK mobile group

Mobile phone giant Vodafone has agreed to merge British operations with Three UK, owned by Hong Kong-based CK Hutchison, to create Britain's biggest operator with 27 million customers and accelerate rollout of faster 5G connectivity, the pair said Wednesday.

Dominance, data, disinformation: Europe's fight with Big Tech

The European Commission, which said Wednesday that Google had abused its online ad dominance, has taken the fight to US tech giants on a variety of fronts -- from tax avoidance, disinformation and hate speech to data privacy and monopolistic practices.

Stock markets mixed ahead of Fed rate decision

European markets rose but Wall street wavered on Wednesday as investors awaited the US Federal Reserve's latest monetary policy decision, with traders expecting a pause in its rate-hike campaign.

Conduent Transportation Selected to Provide New EMV Contactless Payment Technology for Buses in Verona, Italy

Pilot project of the new technology will begin on a Verona airport bus line this month

Oreo-maker faces Scandinavia boycott over Russia

Scandinavian organisations are boycotting US group Mondelez, maker of snacks like Oreo and Toblerone, due to the group's continued presence in Russia, as Norway's government held a meeting Wednesday with several actors.

Arab states account for quarter of record Israel arms exports

Israeli defence exports hit an all-time high of $12.5 billion last year, with Arab countries that recently established ties accounting for nearly a quarter of purchase contracts, officials said Wednesday.

Vodafone, Hutchison announce merger of UK mobile ops

Mobile phone giant Vodafone has agreed to merge British operations with Three UK, owned by Hong Kong-based CK Hutchison, to accelerate rollout of faster 5G connectivity, the pair announced Wednesday.

EU says Google abused dominant positions in online ads

The European Commission accused Google on Wednesday of abusing its dominance of the online ad market and recommended the US company sell part of its ad services to ensure fair competition.

Erdogan hints at rate hike after election victory

Turkish President Recep Tayyip Erdogan signalled Wednesday that he would let his new economic team hike interest rates to combat inflation and stabilise the lira, reversing an era of unconventional policies.

Shell maintains oil output levels, sparking outcry

Shell plans to maintain oil production levels until 2030, the British energy giant said Wednesday, triggering an outcry from green campaigners who also slammed a big payout for shareholders.

German stock market hits record on Fed rate pause hope

Europe's stock markets jumped and the dollar weakened Wednesday with Frankfurt striking a record on hopes that the Federal Reserve would pause its interest-rate hiking cycle.

ArcelorMittal and John Cockerill announce plans to develop world’s first industrial scale low temperature, iron electrolysis plant

Volteron™ plant targeted to start-up in 2027

Markets mixed as US inflation data open way for Fed rates pause

Asian markets were mixed Wednesday after data showed US inflation fell further last month, ramping up expectations the Federal Reserve will finally pause its interest rate hike campaign.

Egypt clinic helps women reclaim bodies scarred by genital mutilation

Intissar was only 10 years old when she was forced to undergo genital mutilation, but 30 years later, one clinic is offering help for some of the millions of Egyptian women affected by the still-rampant practice.

Markets extend rally as US inflation data fans rate pause hopes

Asian investors pushed equities even higher Wednesday after data showed US inflation fell further last month, ramping up expectations the Federal Reserve will finally pause its interest rate hike campaign.

Ubisoft sets sights on VR, AI shakeups in future of gaming

French videogame titan Ubisoft is eyeing artificial intelligence and virtual reality as the next big things in gaming, its chief executive said, especially ahead of the release of Apple's new mixed reality headset.

Rescue dog that helped find lost kids in Amazon is now missing

Six-year-old tracker dog Wilson, who went missing during the ultimately successful, weeks-long search for four missing Indigenous children in the Colombian Amazon, is now the target of a rescue mission himself.

Hospital doctors in England stage 72-hour walkout

Hospital doctors in England begin a new 72-hour strike over pay on Wednesday, prompting warnings from health officials of huge disruption to patients and services.

Disney to turn updated 'Little Mermaid' into TV series

Disney on Tuesday announced a new animated children's series inspired by its 1989 film "The Little Mermaid," which like the live-action adaptation released last month will feature a black Ariel.

With Berlusconi gone, business empire faces succession question

With Silvio Berlusconi gone, the spotlight turns to a potential succession drama as his heirs inherit the controlling stake of the late Italian mogul's vast business empire.

IMF, World Bank are key counterweights to China: Yellen

US Treasury Secretary Janet Yellen said Tuesday that international financial institutions like the IMF and World Bank "reflect American values" and serve as key counterweights to "unsustainable lending from others like China."

Fed starts interest rate meeting as inflation continues to cool

The US Federal Reserve on Tuesday kicked off a two-day meeting to set its benchmark lending rate, with fresh signs of cooling inflation increasing the chance it will pause its aggressive cycle of rate hikes.

Stock markets climb on cooling US inflation

Stock markets jumped on Tuesday after data showed US inflation slowed further in May, raising hopes that the Federal Reserve will pause its interest rate-hike campaign.

Sawt Falasteen - Economy (English)