Sawt Falasteen - Economy

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France reports first human Shamonda virus case, says no health risk

French health authorities said Thursday that the Shamonda virus, which usually affects livestock, had been detected in a human for the first time, in a severely immunocompromised patient who died earlier this month.

Rekindled Gucci desirability fails to light flame under Kering sales

Efforts to rekindle the desirability of troubled Italian fashion house Gucci failed to boost sales in the third quarter, with its parent company Kering reporting Thursday a flat performance in a softer luxury market.

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Pokemon Go firm Niantic slashes staff

The maker of mobile game Pokemon Go has said it will slash 230 jobs, almost one-third of its staff, in another blow to the tech industry.

Strike grounds flights at Geneva airport

A strike paralysed Geneva airport on Friday, grounding flights for two days at Switzerland's second-busiest airport at the start of the busy summer travel season.

Markets rise but rate hike worries temper upbeat US data

Markets mostly rose Friday as more forecast-beating data reinforced the US economy's resilience despite surging interest rates but piled further pressure on the Fed to keep hiking to tame inflation.

Markets rise but upbeat US data tempered by rate hike worries

Markets mostly rose Friday as more forecast-beating data reinforced the US economy's resilience despite surging interest rates but piled further pressure on the Fed to keep hiking to tame inflation.

64 flights cancelled at Geneva airport over strike

Some 64 flights were cancelled at Geneva's international airport on Friday, it said, after operations were halted for four hours because of a strike by workers at the start of the busy summer travel season.

IMF and Pakistan reach $3 billion stand-by deal

Pakistan could get temporary relief for its ballooning foreign debt with a new stand-by arrangement worth $3 billion announced by the IMF in Washington on Thursday.

Markets swing as US data is tempered by rate hike worries

Asian markets fluctuated Friday as more forecast-beating data reinforced the US economy's resilience despite surging interest rates but piled further pressure on the Federal Reserve to keep hiking to tame inflation.

In San Francisco, African Americans' calls for reparations surge

Lynette Mackey stands in front of her family's former Victorian home in San Francisco's Fillmore district, a onetime vibrant neighborhood that drew touring jazz greats.

Workers approve latest contract at Boeing supplier Spirit

Striking workers at Spirit Aerosystems, a key Boeing supplier, will return to the factory after approving an enhanced four-year labor contract, the union said Thursday.

July 4th weekend celebration to test US travel system

Travel forecasters are predicting record travel for the July 4th weekend, but this year's celebration may also be something of a battle with the elements.

Task force recommends major reparations for Black Californians

California should pay substantial financial reparations to African-Americans to compensate for the legacy of US slavery and systemic racism, a committee report published Thursday said.

Greta Thunberg denounces 'ecocide' in Ukraine

Environmental activist Greta Thunberg on Thursday denounced the ecological havoc caused by Russia's invasion of Ukraine and the lack of international reaction to the disaster.

Stocks diverge as US economy shows resilience

Stocks diverged Thursday as investors weighed strong US economic data against renewed central bank warnings that interest rates would rise further to tame inflation.

Better supervision needed after bank failures: US Fed chair

US Federal Reserve Chair Jerome Powell said Thursday that stronger regulation and greater agility was required in supervising the banking sector following a string of high-profile failures earlier this year.

Stock markets diverge as dealers refocus on rates outlook

Equity markets were mixed Thursday as central bank warnings that interest rates would rise further to counter inflation offset hopes the US economy could avoid a recession.

Three French airports paralysed as air controllers strike

France's civil air authority said Thursday it had ordered airlines to cancel flights to and from three airports because of a strike by air traffic controllers.

Hurt felines: Japanese app aims to detect cat pain

Cats are considered lucky in Japan, and owners of the popular pets spend big on their care. But how do you know when they're feline down?

Sri Lanka unveils debt restructure to tackle economic crisis

Sri Lanka's central bank unveiled a far-reaching debt restructuring plan on Thursday aimed at restoring stability after an unprecedented economic crisis last year that led to the toppling of then-president Gotabaya Rajapaksa.

Markets mixed as traders weigh rate plans, yen softens

Equity markets were mixed Thursday as central bank warnings that interest rates would rise further to counter inflation played up against hopes the US economy could avoid a recession.

Crippled exports slow Vietnam's growth

Vietnam's economic growth slowed in the first half of the year as a slump in demand hit exports, authorities said Thursday.

EU presses Tunisia in bid to stem Med migrant flow

EU leaders meeting in Brussels on Thursday are to look at ways to press aid on Tunisia in a bid to stem migrant boat departures for Europe.

Sri Lanka offers 30% haircut to bond holders: central bank

Sri Lanka's central bank on Thursday unveiled its domestic debt restructuring plan, envisaging a 30 percent haircut on dollar-denominated bonds, including international sovereign bonds.

Gulf oil states on a Pacific charm offensive

Gulf oil states are using their vast wealth to build influence across the far-flung South Pacific, experts have told AFP, tearing a page straight out of China's Belt and Road playbook.

Most markets rise as traders weigh central bank rate plans

Most markets rose in Asia on Thursday, building on the previous day's advances, even after central bank chiefs warned that interest rates would rise further to counter persistent inflation.

Hollywood braced for 'double strike' as actors' deadline looms

Hollywood's summer of discontent could dramatically escalate this weekend, with actors ready to join writers in a massive "double strike" that would bring nearly all US film and television productions to a halt.

'Godfather of AI' urges governments to stop machine takeover

Geoffrey Hinton, one of the so-called godfathers of artificial intelligence, urged governments on Wednesday to step in and make sure that machines do not take control of society.

Nigerians mark Eid festivities navigating economic woes

Nigerians marked the Muslim festival of Eid al-Adha on Wednesday with prayers, celebrations and family dinners as many navigated high inflation, a steep currency devaluation and growing transport costs.

Diageo ditches Diddy over brand neglect and racism claim

Drinks giant Diageo on Wednesday said it had ended its relationship with Sean "Diddy" Combs after the US rapper accused it of neglecting their business agreement and racism.

Govt mulls rescue of UK's biggest water supplier

The UK government on Wednesday expressed serious concern about the financial plight of the country's biggest privatised water company, but insisted the taps would keep flowing for millions of consumers.

Stocks diverge as US rally loses steam

Stock markets diverged Wednesday as a rally fuelled by upbeat US economic data ran out of steam.

EU moves closer to launching digital euro

The EU on Wednesday took its first significant step towards launching a digital version of the euro, a controversial project that has been questioned by politicians and banks.

Stocks rally on upbeat US data

Equity markets rallied and the dollar firmed Wednesday after data showed the US economy was resilient in the face of rising interest rates aimed at cooling elevated inflation.

Sawt Falasteen - Economy (English)