Sawt Falasteen - Economy

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Featured

Carrefour shares plunge after profit warning on French protests

Carrefour, France's largest publicly traded retailing group, saw its shares drop more than 13 percent Wednesday after it warned that the recent violent protests across France would dent profits.

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.

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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.

From art squat to Berlin gentrification lightning rod

Berlin's Tacheles art squat, a symbol of the anything-goes vibe of the city after the fall of the Wall, is completing a disputed transformation into offices, shops and luxury flats.

Pakistan shopkeepers strike nationwide over inflation

Thousands of Pakistan traders shuttered their shops on Saturday, striking over soaring energy and fuel bills stirring widespread discontent ahead of national elections.

Pressure mounts on Country Garden despite temporary reprieve

Country Garden creditors have approved postponing the repayment of a key loan, narrowly avoiding a potential default, Bloomberg reported Saturday.

China's Country Garden wins vote on debt to avoid default: Bloomberg

Chinese developer Country Garden has won approval from creditors to extend a deadline for a key bond repayment, narrowly avoiding a potential default, Bloomberg reported Saturday.

In Rio wasteland, health teams take medical care to homeless

The patients don't have addresses, phone numbers or in many cases even last names. But the addicts and homeless people of this Rio de Janeiro wasteland can count one blessing amid the misery: health care.

'Legacy admissions' under fire at US universities

Should you get a leg up on your university application just because Mom or Dad had studied at that school?

Global stocks mixed as US jobs data fuels hope of rate hike pause

Global stocks diverged Friday, with the latest jobs report in the United States helping to solidify expectations of a pause in US interest rate hikes.

Spain sports court opens Rubiales probe, chief out to 'prove truth'

Spain's sports court agreed to investigate Luis Rubiales for forcibly kissing a Women's World Cup player as the scandal-hit football chief insisted he would defend himself to "prove the truth".

Kenya unveils plans for nationwide e-bike scheme

Kenya unveiled Friday plans to roll out electric motorbikes across the country under a green transport scheme to reduce carbon emissions and pollution.

Spain sports court opens probe into Rubiales' World Cup kiss

Spain's sports court has agreed to investigate Luis Rubiales for forcibly kissing a Women's World Cup player, paving the way for fresh sanctions against the scandal-hit football boss, the government said Friday.

Stocks get short-lived boost from US jobs data

Stocks got only a modest and short-lived boost Friday despite the latest US jobs report helping solidify expectations of a pause in US interest rate hikes.

African children 'least able to cope' with climate risks: UN

Children in Africa are exceptionally vulnerable to climate change but are "woefully" ignored by those responsible for funding the fight against the crisis, the United Nations said Friday.

Wes Anderson says no one should modify Roald Dahl's work

Director Wes Anderson, who presented his take on a Roald Dahl story at the Venice Film Festival on Friday, came out strongly against moves to alter the author's books for "sensitivity" reasons.

Morocco begins probe after Algeria jet ski killings

Morocco has begun investigating the death of a French-Moroccan after he and another Moroccan tourist on jet skis were shot dead by Algerian coastguards, media reports said on Friday.

US hiring rises unexpectedly but labor market shows signs of cooling

Hiring in the United States logged a surprise jump last month, government data showed on Friday, but unemployment rose to the highest level since early 2022 as the economy shows signs of cooling.

Morocco launches probe into Algeria jet ski killing: report

Morocco has begun an investigation into the death of a French-Moroccan after he and another Moroccan on jet skis were shot dead by Algerian coastguards, media reports said Friday.

Better than AI? The UK police who never forget a face

Artificial intelligence and facial recognition software are seen by some as the future of crime-fighting around the world.

Rented electric scooters vanish from Paris streets

Parisians woke up on Friday to a world without rented electric scooters, loathed as a pedestrian-bothering nuisance by some but mourned by others.

In Argentina, voters toy with ditching pesos for dollars

In inflation-hit Argentina, where rentals, cars, and appliances are increasingly priced in dollars to sidestep the volatile peso, a leading presidential candidate has sparked debate over whether to officially adopt the currency as a remedy to a battered economy.

Filipinos' 'crazy passion' for basketball survives World Cup loss

Teenagers from a crowded Manila slum shoot hoops on a court bearing the shiny logo of the FIBA World Cup, the tournament where the Philippines team disappointed a basketball-mad nation.

US graduates brace for return of student loan repayments

After a three-and-a-half year pandemic-era pause, US federal student loans start accumulating interest again from Friday, with repayments set to cut the monthly take-home pay of millions of Americans by hundreds, and in some cases thousands, of dollars.

Chinese carmakers confront European industry at Munich show

Chinese manufacturers will be out in force at next week's IAA auto show, one of the industry's biggest, revving their new electric models on the turf of German carmakers, which have been lagging in the e-mobility race.

Ronaldinho denies crypto scam in Brazil congressional hearing

Retired football great Ronaldinho denied involvement in an alleged cryptocurrency pyramid scheme bearing his name in testimony Thursday before a Brazilian congressional committee.

Michael Mann's 'Ferrari' gets pulses racing in Venice

The race for the Venice Film Festival's Golden Lion stepped up a gear Thursday with a widely praised biopic about sports car impresario Enzo Ferrari starring Adam Driver.

Moody's downgrades China property giant ahead of crucial vote

Moody's further downgraded the credit ratings of Chinese property developer Country Garden on Thursday as the heavily indebted firm negotiates with creditors to avoid defaulting on a bond repayment.

UN committee 'raise red flag' over racism in Italian football

The United Nations committee responsible for combating racism "raised a red flag" over Italian football in its latest findings published on Thursday.

US stocks shrug off sticky inflation data, Europe mixed

US stocks advanced Thursday as investors shrugged off sticky inflation data and its impact on future central bank policy on interest rates, but European stocks mostly dipped.

Key US inflation measure ticks up in July

A key US inflation measure used by the Federal Reserve to set interest rates rose in July, due largely to another jump in the cost of services, according to government data published Thursday.

Golden generation Dutch keeper Jongbloed dies aged 82

Former Netherlands goalkeeper Jan Jongbloed, who played in two World Cup finals, has died after a long illness aged 82, according to the Dutch football federation (KNVB) on Thursday.

Rights court agrees to hear French prostitution law appeal

The European rights court said Thursday it would hear an appeal by sex workers against a French anti-prostitution law which they say has shattered their livelihoods and driven them underground.

European stock markets steady, euro down on inflation data

Europe's main stock markets mostly steadied on Thursday as traders focused on European and US inflation data and what it means for future central bank policy on interest rates.

Sawt Falasteen - Economy (English)