Sawt Falasteen - Economy

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Featured

Drovix Launches In-House Multi-Asset Liquidity and Execution Stack for Sub-Millisecond Fills, Tighter Spreads

Drovix (MU) Ltd, licensed by the Financial Services Commission of Mauritius as an Investment Dealer (Full Service Dealer, license GB21026813) and acting as a principal execution counterparty, has brought its institutional liquidity and execution stack to market, opening aggregated multi-asset OTC liquidity to brokers, hedge funds, family offices and proprietary trading firms through a single counterparty relationship.

In US mining hub, black lung rates soar

John used to love to go fishing with his son. But at age 45, after 20 years working in the coal mines of West Virginia, physical activity has become nearly impossible.

Last news

France warns 'narco-tourists' after coke washes ashore

French authorities warned Friday about "narco-tourism" on northern Channel beaches after news of more than two tonnes of cocaine washing ashore drew dozens of beachcombers, some equipped with quad bikes.

Vaughan denies racist comment at cricket hearing

Former England cricket captain Michael Vaughan told a hearing into accusations of racism at Yorkshire on Friday it was "inconceivable" that he would make the comment attributed to him by ex-teammate Azeem Rafiq.

Volkswagen shares jump on 2023 optimism

German auto giant Volkswagen on Friday unveiled an optimistic forecast for 2023 on expectations that global supply chain woes will ease, sending its shares soaring.

Airlines sue Dutch over Schiphol airport flight cuts

Top airlines including KLM, Delta and EasyJet said Friday they are taking the Dutch government to court over plans to limit flights at Amsterdam's Schiphol Airport for environmental reasons.

Biden, Scholz to map out next steps for Ukraine

German Chancellor Olaf Scholz is due at the White House on Friday for talks with President Joe Biden on charting the way ahead in their support for Ukraine, after friction over tank deliveries to Kyiv.

France's Macron pushes economic ties in Angola

French President Emmanuel Macron on Friday pursued his African tour aimed at renewing frayed ties, inking an economic accord with Angola.

Lufthansa flies into black but worries linger over busy summer

German airline Lufthansa said Friday that it returned to annual profit in 2022 after two years of pandemic-related losses, but worries lingered over the prospect of another chaotic summer season.

ChatGPT turns to manga in 'One Piece' author experiment

The AI programme ChatGPT has passed exams, penned news articles and produced code. So perhaps no surprise that "One Piece" author Eiichiro Oda has turned to it for inspiration.

Ericsson to pay over $200 mn for breaching US deal over Iraq graft

Swedish telecom equipment maker Ericsson has said it will pay a $207 million fine for breaching a deal with US authorities by not disclosing an investigation relating to suspected bribes to the Islamic State group in Iraq.

Turkey's inflation slows further as presidential vote nears

Turkey's inflation rate slowed for a fourth consecutive month in February, official data showed Friday, ahead of May elections in which President Recep Tayyip Erdogan's economic record will be a key issue for voters.

Markets rise with Wall St on lower rate hopes

Markets on Friday tracked a Wall Street rally after a top Federal Reserve official said he would back a small interest-rate hike at its next meeting but hinted at a possible summer pause to see how tighter policy has impacted inflation.

UK mine plan pits enthusiasts against environmentalists

In the 37 years since the last coal pit closed in Whitehaven, the once-proud mining town on northwest England's remote Cumbrian coast has hit on hard times.

Lufthansa returns to annual profit after Covid losses

German airline giant Lufthansa said Friday it returned to annual profit in 2022 after two years of losses, its fortunes lifted by rebounding demand as economies reopened after Covid shutdowns.

Don't forget poorest nations, UN envoy pleads ahead of key meet

The world cannot recover from a spate of crises if its poorest nations are forgotten, the UN envoy for the least developed countries told AFP ahead of a key summit.

Biden, Scholz to weigh next steps for Ukraine

US President Joe Biden hosts German Chancellor Olaf Scholz in Washington on Friday for talks on charting the way ahead in their support for Ukraine, after friction over tank deliveries to Kyiv.

Britain's fresh produce shortages serve up blame game

Shortages of fruit and vegetables -- from broccoli, cucumbers and lettuce, to tomatoes, peppers and raspberries -- have served up a blame game in Britain.

Time US adults spend on TikTok closes in on Netflix: market tracker

TikTok is closing in on streaming giant Netflix when it comes to the amount of time US adults spend on the platforms, according to a report released Thursday by Insider Intelligence.

Petrobras posts record profits for 2022

Brazil's state oil company Petrobras has reported record profits of 188 billion reais (about $36 billion) in 2022, due mainly to the global rise in fuel prices.

Lufthansa keeps CEO Spohr on for another five years

Lufthansa CEO Carsten Spohr, who steered the airline back from the brink of bankruptcy during the pandemic, will see his contract extended by another five years, the group said Thursday.

Greece seeks answers over deadliest train tragedy as toll rises

The toll from Greece's worst rail accident rose to 42 on Thursday after a head-on collision blamed on "human error" that has sparked angry protests.

Markets mixed as US rate saga plays against China reopening

Stocks were mixed Thursday but trading was subdued as Federal Reserve interest rate hike worries returned to the agenda with two top officials warning more tightening will be needed to slay inflation.

Eskom: South Africa's fallen energy giant

It was once a source of national pride -- an award-winning firm that powered South Africa's mining boom and later brought electricity to black communities left behind by apartheid.

Internet access, privacy 'essential for freedom': Proton chief

Internet privacy company Proton can spot attacks on democracy in a country before they hit the headlines, simply by watching demand for its services explode, its chief told AFP.

Is biodegradable better? Making sense of 'compostable' plastics

Bacardi rum bottles, Skittles sweet wrappers, designer water bottles -- a bevy of companies are developing biodegradable plastic packaging they say is better for the environment than traditional plastics.

Asian markets mixed as US rate saga plays against China reopening

Stocks were mixed in Asia on Thursday after the previous day's rally but trading was subdued as Federal Reserve interest rate hike worries returned to the agenda with two top officials warning more tightening will be needed to slay inflation.

Women's sport a winner as money pours into India cricket league

India's inaugural Women's Premier League cricket has generated hundreds of millions of dollars even before a ball is bowled on Saturday, with experts calling it a game-changing moment for women's sport.

Kim says N. Korea must meet grain production goals 'without fail'

North Korean leader Kim Jong Un urged government officials to make sure the country meets its grain production goals "without fail", state media said Thursday, amid reports Pyongyang's food shortage is worsening.

Greece seeks answers over deadliest train tragedy

A station master on duty during Greece's deadliest train accident is to testify Thursday in the central city of Larissa over the disaster that claimed dozens of lives, plunging the country into mourning.

Stocks wobble on China data and rate hike fears

Stock markets wobbled on Wednesday as investors were torn between data showing decade-high Chinese factory activity last month and worries about interest rate hikes due to grinding inflation.

Tech rivals chase ChatGPT as AI race ramps up

Chasing Microsoft, global tech giants have rolled out announcements on how they will implement ChatGPT-like artificial intelligence into their world leading platforms and applications, with YouTube the latest to present plans.

Bresnan accused of racist remark towards Rafiq's sister

A hearing into the racism scandal at Yorkshire county cricket club started on Wednesday with former England international Tim Bresnan accused of making a racist comment towards the sister of Azeem Rafiq.

Greek PM blames 'tragic human error' for train collision

Greek Prime Minister Kyriakos Mitsotakis on Wednesday said a "tragic human error" was likely responsible for a train collision that has left at least 38 dead in the country's worst rail tragedy.

Sawt Falasteen - Economy (English)