Sawt Falasteen - Economy

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Featured

Musk wants to merge SpaceX and Tesla: Here's what to know

Elon Musk said this week that SpaceX and Tesla have formed special committees to study a merger of his two biggest companies.

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.

Last news

Australia plans huge fines if big tech fails to tackle disinformation

Tech giants could face billions of dollars in fines for failing to tackle disinformation under proposed Australian laws, which a watchdog on Monday said would bring "mandatory" standards to the little-regulated sector.

Asian markets swing as traders track events in Russia

Asian markets fluctuated Monday as traders kept an eye on Russia following an aborted mutiny at the weekend that stoked concerns about stability in the nuclear-armed country.

Istanbul gay pride activists rally despite ban

Turkish activists on Sunday defied a ban to stage an annual gay pride march in Istanbul one month after Turkey's election followed a homophobic hate-filled campaign.

Afghan supreme leader says women 'saved from oppression' by Taliban

Afghanistan's supreme leader said Sunday the country's women were being saved from "traditional oppressions" by the adoption of Islamic governance and their status as "free and dignified human beings" restored.

Strange bedfellows: auto rivals embrace Tesla EV chargers

Tesla's electric charging network has long pleased electric car mavens. But Elon Musk's "superchargers" are now winning endorsements from a more unlikely group: other auto companies.

Mexico's 'super peso' creates both winners and losers

Rosario Crisostomo thought she had been cheated when she counted the money sent by her son from the United States. But there was no scam, only a Mexican currency going from strength to strength.

Short shorts are back, Hermes says

It's time for guys to embrace short shorts again, according to French brand Hermes, which put plenty of leg on display at its Paris Fashion Week show on Saturday.

Singapore holds first LGBTQ rally since gay sex decriminalised

Hundreds of people wearing pink attended Singapore's annual "Pink Dot" LGBTQ rally on Saturday, the first to be held since the city-state decriminalised gay sex last year.

Amid poverty, loss, Guatemalans indifferent to elections

Builder Manuel Rojche does not know who to vote for in Guatemala's presidential election on Sunday. He does not really care.

Global stocks retreat as traders eye more rate hikes

Global equity markets declined Friday as traders from Wall Street to Frankfurt eyed additional interest rate hikes by central banks to combat elevated inflation amid mounting concerns about global growth.

UK launches mortgage help as interest rate soars

Britain on Friday unveiled help for millions of cash-strapped homeowners facing soaring mortgage costs in a cost-of-living crisis, after the Bank of England unexpectedly hiked interest rates to a new 15-year peak.

UK launches mortgage help as interest rate soar

Spain's right rattled by row over 'macho' violence

The Spanish far-right's denial that gender violence exists is causing a headache for the conservative Popular Party (PP), who may need their help to come to power after next month's general election.

Dutch to shut Europe's biggest gas field after quakes

The Netherlands said Friday it would end production at Europe's largest gas field on October 1 after years of earthquakes, despite global energy worries sparked by Russia's war in Ukraine.

Heathrow security staff call off summer strikes

Security officers at London's Heathrow Airport have called off strikes over the peak-demand summer months after voting to accept an improved pay offer, their union said Friday.

UK economy falters on cost-of-living crisis

UK private-sector growth has slowed to a three-month low as soaring interest rates and stubbornly high inflation fuelled by rising food prices worsens a cost-of-living crisis, data showed Friday.

Big ideas but small steps at climate finance summit

A global climate summit wrapped up Friday with a "consensus" that the international financial system was woefully inadequate in an era of global warming, after taking small steps to helping debt-burdened developing nations.

Stocks retreat as traders eye more rate hikes

Equity markets declined Friday as traders eyed more interest-rate rises after another week of hikes by central banks to combat elevated inflation.

Cheers in Zambia after landmark debt deal

Jubilant lawmakers in Lusaka sang Zambia's national anthem on Friday after foreign lenders agreed to restructure part of the country's debt, a move that entrepreneurs said brought hope for the crippled economy.

Eurozone economic growth slows sharply in June

Eurozone economic activity worsened in June to a five-month low, hit hard by a fall in industrial production, a keenly watched survey showed on Friday.

Kenyan president slams 'unfair' global lending system

Kenyan President William Ruto does not hold back when describing the global lending system: it is "unfair, it's punitive, it doesn't give everybody a fair chance".

Asian, European markets fall again as traders eye more rate hikes

Equity markets sank Friday and oil extended a sharp selloff after a string of interest rate hikes by central banks revived worries about the global economy.

Indonesia entrepreneurs cash in on TikTok live selling spree

Indonesian livestreamer Christine Febriyanti stood in a room crammed with clothes in Jakarta, hawking colourful garments to hundreds of viewers on a TikTok livestream for a local fashion brand.

Asian markets fall again as traders eye more rate hikes

Equity markets sank Friday and oil extended a sharp selloff after a string of interest rate hikes by central banks revived worries about the global economy.

EU warns Twitter to beef up content moderation as new rules loom

The EU's top tech enforcer warned Elon Musk on Thursday that Twitter must have enough resources to moderate dangerous content by August 25 or risk being in violation of the bloc's landmark rules to rein in big tech.

Japan inflation slows to 3.2 percent in May

Japan's consumer prices rose 3.2 percent year on year in May, with the pace of inflation slowing from the 3.4 percent recorded in April, government data showed Friday.

Global stocks mixed as central banks hike rates

Global stocks were mixed Thursday with European bourses falling after a clutch of central banks in Europe hiked interest rates again, while US equities shook off recent weakness.

Dutch court says Angola's dos Santos diverted millions

A Dutch court has ruled that Isabel dos Santos, the daughter of Angola's late former president, illegally diverted 52 million euros from the southwestern African nation's state oil company.

Titanic sub operator believes all passengers 'sadly lost'

The operator of a submersible missing near the wreck of the Titanic said Thursday it believed all five people on board were dead, due to what the Coast Guard described as a "catastrophic" implosion of the vessel in the ocean depths.

Five things to know about Zambia

Copper-rich Zambia, the first African country to default on its debt during the Covid pandemic, on Thursday secured a deal from creditors to restructure its debt at a global finance summit in Paris.

Interest rate hike heaps pressure on cash-strapped Britons

Millions of Britons are facing fresh mortgage misery after the Bank of England increased interest rates by an unexpected half-point, putting homeowners at risk of higher repayments on their loans during a cost-of-living crisis.

BoE hikes rate half-point over stubborn inflation

The Bank of England lifted Thursday its key interest rate by a half-point to five percent to tackle stubbornly high inflation, despite such a move worsening a cost-of-living crisis.

Sawt Falasteen - Economy (English)