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

Europeans scramble in AI race

Generative AI chatbots unveiled by US tech firms have captivated the world with their spectacular successes and failures in engaging in conversations.

Stocks wobble on China 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.

US drugmaker Eli Lilly says slashing insulin prices by 70%

US pharmaceutical giant Eli Lilly announced Wednesday it was cutting the cost of its most commonly prescribed insulins by 70 percent after years of soaring prices that hit millions of Americans living with diabetes.

Stocks win boost as China data spurs recovery hopes

Stock markets rose Wednesday as data showed decade-high Chinese factory activity last month after leaders began reopening the economy from years of painful zero-Covid measures.

Gabon summit promotes worth of tropical rainforests

A two-day conference to highlight the key environmental role and value of the world's rainforests got underway in Gabon Wednesday, backed by several leaders of tropical countries.

Carmaker Aston Martin's losses almost triple

British luxury carmaker Aston Martin Lagonda on Wednesday said annual losses almost tripled on soaring costs and supply strains, but shares surged on rebounding sales and a bright outlook.

EU parliament bans TikTok on work devices

The European Parliament has told staff to purge TikTok from devices used for work because of data protection concerns, after similar moves by the EU's main governing bodies last week.

Asian, European markets rise as China data spurs recovery hopes

Asian and European markets rose Wednesday as data showed decade-high Chinese factory activity last month after leaders began reopening the economy from years of painful zero-Covid measures.

UK missing person case highlights rise of TikTok amateur sleuths

The tragic case of a British woman's disappearance and death has shone a disturbing light on the rise of so-called online sleuths and amateur detectives who believe they can do the police's job.

Sri Lanka workers defy strike ban to protest rescue plan

Sri Lankan workers went on strike Wednesday in defiance of a government ban to protest a rescue plan for the bankrupt island nation, forcing the closure of hospitals, banks and ports.

China manufacturing activity surges in February

China's manufacturing activity surged to its highest reading in more than a decade in February, official figures showed Wednesday, as factories began to return to normal following years of Covid-19 disruption.

Tesla to invest about $5 billion in Mexico plant: government

American electric car maker Tesla will invest about $5 billion in a massive new factory in the northern Mexican city of Monterrey, a senior government official said Tuesday.

Nigeria gas fuels Morocco, Algeria pipeline power struggle

Adversaries Morocco and Algeria are each racing to build a conduit pumping Nigerian gas to European markets, even as the continent aims to wean itself off fossil fuels.

Musk to update vision for Tesla at investor day

Elon Musk will aim to quiet any doubts about Tesla's standing in the electric car race on Wednesday when the serial entrepreneur convenes an investor day.

Power scarves and punk elegance for Dior and Saint Laurent's strong women

Dior and Saint Laurent both combined nostalgia with homages to strong, independent women as the two French fashion giants presented their latest collections in Paris on Tuesday.

Iran has uranium particles enriched to nearly bomb grade: IAEA

The UN nuclear watchdog confirmed on Tuesday it had detected particles of uranium enriched up just under the 90 percent needed to produce an atomic bomb.

Hundreds of passengers stranded in Colombia, Peru as Viva Air grounded

Hundreds of passengers were stranded Tuesday at airports in Colombia and Peru after low-cost airline Viva Air suspended operations due to financial difficulties.

UK's PM vows economic win for N.Ireland from Brexit breakthrough

British Prime Minister Rishi Sunak on Tuesday urged pro-UK politicians in Northern Ireland to grab the economic "prize" on offer after he secured a breakthrough reform deal with the European Union.

Tesla to make big investment in Mexico plant, government says

Elon Musk's electric carmaker Tesla will open a plant in northern Mexico, making a significant investment in the Latin American nation, Mexican President Andres Manuel Lopez Obrador announced Tuesday.

Canada economy stalls in 2022 fourth quarter

Canada's economy stalled at the end of 2022 with zero growth, the government statistical agency said Tuesday, coming in below analysts' expectations.

Stocks dip as traders mull US rates outlook

US and European stocks dipped Tuesday as dealers fretted that the Federal Reserve would push interest rates higher than expected and for longer as it battles stubbornly-high inflation.

EU narrows probe into Apple's restrictions on apps

The EU on Tuesday narrowed its landmark antitrust case against Apple to focus on how the iPhone-maker prevents apps from giving users information about rival music subscription options.

Moroccans struggle to afford vegetables as Ramadan looms

Shoppers inspect vegetables at a huge market in Sale, near the Moroccan capital Rabat, but exploding prices mean they are keeping their eye on what they spend ahead of Ramadan.

Credit Suisse 'seriously breached' duty in Greensill affair: watchdog

Credit Suisse "seriously breached its supervisory obligations" regarding risk management in its business relationship with financier Lex Greensill and his companies, the Swiss financial watchdog said Tuesday.

Markets mixed as traders fret over looming rate hikes

Asian markets were mixed Tuesday after suffering a series of losses over concerns the Federal Reserve will push interest rates higher than expected and for longer than feared as it battles stubborn inflation.

Sri Lanka outlaws strikes as anti-tax protests spread

Sri Lanka's government said Tuesday it was banning strikes in several key sectors, a day ahead of a planned one-day national stoppage called by unions to protest against painfully high taxes and utility bills.

Most Asian markets rise but traders worry over looming rate hikes

Most Asian markets bounced Tuesday on bargain-buying after suffering a series of losses over fears the Federal Reserve will push interest rates higher than expected and for longer than feared as it battles stubborn inflation.

Cow manure fuels French tractors

A French farmer steps away from his barn and fills up a tractor with fuel made from the manure of his cows, an attempt to put their climate-damaging methane to good use.

W.House gives federal agencies 30 days to enforce TikTok ban

The White House on Monday gave federal agencies 30 days to purge Chinese-owned video-snippet sharing app TikTok from all government-issued devices, setting a deadline to comply with a ban ordered by the US Congress.

Asian markets pick up but traders worry over looming rate hikes

Asian markets bounced Tuesday on bargain-buying after suffering a series of losses over fears the Federal Reserve will push interest rates higher than expected and for longer than feared as it battles stubborn inflation.

Britain's marathon battle over Brexit

Here are milestones in the rocky Brexit process, from the UK's shock 2016 vote to leave the European Union to a new deal on trade rules for Northern Ireland called the Windsor Framework.

Twitter cuts more staff as Musk turmoil grows

Reports of more layoffs at Twitter landed on Monday as owner Elon Musk waded into a racism controversy that risked pushing advertisers further away from the struggling platform.

Sawt Falasteen - Economy (English)