Sawt Falasteen - Economy

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Featured

Rising UK inflation, debt knocks govt ahead of budget

UK inflation and public borrowing rose more than expected in September, official data showed Wednesday, heaping pressure on the country's Labour government ahead of its annual budget due next week.

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.

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Oil execs on trial in Sweden over Sudan war crimes role

A Swedish oil firm operated in Sudan with support from the military allegedly knew violence would affect civilians to bring the areas under control, prosecutors said Tuesday as two former executives faced war crimes charges.

Spain's RFEF sorry for Rubiales scandal, fires women's coach

Spain's football federation on Tuesday apologised for the "totally unacceptable behaviour" of Luis Rubiales over his World Cup kiss and fired the team's controversial coach as part of an overhaul.

Saudi and Russia extend oil cuts through December

Saudi Arabia and Russia said on Tuesday they would extend voluntary oil cuts until the end of the year, continuing their campaign to bolster prices.

Austrian 'Corsage' star gets suspended jail term for child porn

A Vienna court sentenced the star of the award-winning film "Corsage" -- about the free-spirited Austrian empress Sisi -- to a two-year suspended prison term Tuesday for possessing and producing a huge stash of child pornography.

UK's second biggest city latest to declare financial distress

The council of the UK's second biggest city, Birmingham, became Tuesday the latest local authority to declare financial distress, with the opposition blaming Conservative governments of years of under-funding.

Hong Kong's top court rules to recognise same-sex partnerships

Hong Kong's top court ruled in favour of recognising same-sex partnerships on Tuesday and gave the government two years to come up with a legal framework, but stopped short of granting full marriage rights to the city's LGBTQ community.

Henderson 'sorry' for hurting LGBTQ community over Saudi move

England midfielder Jordan Henderson has apologised for upsetting the LGBTQ community with his move to Saudi Arabia but said playing in the Gulf state is a "positive thing".

UK's second biggest city declares financial distress

The UK's second biggest city on Tuesday admitted that it cannot balance its books, blaming Conservative governments for years of under-funding.

French beauty giant L'Occitane dives as go-private talks called off

Shares in French beauty brand L'Occitane plunged by a record of almost 30 percent in Hong Kong on Tuesday after its chairman called off talks on taking the firm private.

Billions pledged for green development at Africa climate talks

The UAE pledged $4.5 billion in clean energy investments in Africa on Tuesday at a landmark climate summit aimed to showcase the continent's potential as a green powerhouse.

Stocks mixed as China data falls short, traders await more stimulus

Equities were mixed Tuesday, as traders await more measures by China to stimulate its economy and support the creaking property market, while fresh services data reinforced the need for action.

Hong Kong's top court rules in favour of same-sex civil unions

Hong Kong's top court ruled Tuesday in favour of same-sex partnerships including civil unions but stopped short of granting full marriage rights in a partial win for the city's LGBTQ community.

Black Sea ships carrying grain hit insurance obstacle

The risk of bombing has made it virtually impossible to insure ships leaving Ukraine via the Black Sea, leaving the sector to find an alternative route, especially for grain.

China's Country Garden narrowly avoids default: Bloomberg

Struggling Chinese developer Country Garden has made multi-million-dollar interest payments on two outstanding loans, reports said Tuesday, narrowly avoiding what would have been its first default.

Stocks down as traders await more China economic support measures

Equities fell Tuesday, with traders unable to build on the previous day's rally as they await fresh measures out of China to stimulate the economy and support the creaking property market.

Hong Kong's top court to rule on same-sex marriage

Hong Kong's top court will decide Tuesday whether to recognise same-sex marriages, rendering a verdict in one of the most consequential cases on the subject in the city's history.

Qantas boss retiring two months early

Embattled Qantas chief executive Alan Joyce is retiring two months earlier than planned, the Australian airline said Tuesday, with Vanessa Hudson taking over as the carrier's first female boss.

European stocks dip, oil prices rise

European stocks slid Monday as a positive lead from Asia on Chinese stimulus measures petered out, while oil prices continued their march higher.

Massive Greece wildfire coming under control: govt

Firefighters are gaining the upper hand on the massive blaze that has been raging for two weeks in the Dadia National Park in northeastern Greece, authorities said Monday.

World losing high-stakes fight against invasive species

Invasive species that wreck crops, ravage forests, spread disease, and upend ecosystems are spreading ever faster across the globe, and humanity has not been able to stem the tide, a major scientific assessment said Monday.

World losing high-stakes fight against alien species

Stock markets rise as Fed seen pausing over US rate hikes

Stock markets rose and the dollar weakened against the euro and pound Monday as US jobs data firmed expectations that the Federal Reserve would stop raising interest rates.

Africa seeking to tap investment on climate action

Kenya's president opened a landmark African climate summit on Monday saying the continent had an "unparalleled opportunity" to benefit from action to tackle global warming.

Turkey's inflation nears 60%, piling pressure on new team

Turkey's annual inflation approached 60 percent last month, official data showed Monday, putting pressure on the central bank to further hike interest rates at the risk of angering President Recep Tayyip Erdogan.

France evacuates five Afghan women 'threatened by Taliban'

France on Monday was due to receive five Afghan women "threatened by the Taliban" after repeated requests it create a humanitarian corridor for women shut out of public life, an official said.

French beauty brand L'Occitane halts trading in Hong Kong

Trading in French beauty brand L'Occitane was halted in Hong Kong on Monday after reports emerged that its controlling shareholder may take the company private.

L'Occitane halts trading in Hong Kong

Trading in French beauty brand L'Occitane was in Hong Kong on Monday after reports emerged that its controlling shareholder may take the company private.

Pope Francis visits homeless shelter on last day in Mongolia

Pope Francis, on the final day of his diplomatically tinged visit to Mongolia, headed to the capital's outskirts to inaugurate a homeless shelter and clinic.

French World Cup build-up overshadowed by Chalureau race case

France's Rugby World Cup build-up was overshadowed Sunday by demands for lock forward Bastien Chalureau to be dropped from the squad after he was convicted of a racially motivated attack.

Tech's carbon footprint: can AI revolutionize responsibly?

Across the globe, data servers are humming, consuming both megawatts and precious natural resources to bring life to our digital world.

US retailers voice alarm at rising theft, 'flash rob' attacks

Toothpaste, chocolate, washing powder and deodorant -- everyday products are increasingly under lock and key at US retailers, as petty theft and organized shoplifting rise while consumers grapple with costs of living.

Malaysia's Forest City teeters over China property giant woes

On the approach to Malaysia's $100-billion island megaproject backed by Chinese investment, a collapsed bridge forces drivers to detour before they reach an artificial city emerging from palm oil trees where condos, roads and shops lay empty.

Sawt Falasteen - Economy (English)