Sawt Falasteen - Economy

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Featured

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.

US, Canada 'very close' to trade deal, Ottawa says, as details emerge

The United States and Canada are "very close" to a final trade deal, the top Canadian negotiator said Thursday after talks with President Donald Trump's team.

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EU states call for stronger borders, migrant return deals

Fifteen EU states on the migration front line on Friday called for stronger borders and agreements to be struck with third-party countries to accept migrants.

Italy impounds MSF charity rescue ship

Italian authorities have detained a migrant rescue vessel run by Doctors Without Borders (MSF) for allegedly breaking new government rules on life-saving missions in the Mediterranean, the charity said Friday.

Pigs called in to deep-clean Champagne vineyards

Villagers in Cramant in France's Champagne are being treated to a rare sight: little pigs grubbing around the vines that produce the region's famed bubbly, an alternative to chemical or mechanical means of fighting weeds and pests.

Fed's preferred inflation gauge and home sales rise, fueling concern

A key indicator of US inflation rose in January as new home sales jumped more than expected, said government data released Friday, feeding fears that interest rates could stay high for longer.

Hot US inflation leaves investors cold on equities, yen drops

Data showing inflation rising in the United States last month sent shares tumbling on Friday as investors worried that would push the Federal Reserve to hike interest rates more aggressively.

Dahl's original books to be released after rewrite row

Publisher Puffin UK on Friday announced it would release the original versions of Roald Dahl's children's books to keep the "classic texts in print" following a wave of criticism over their re-editing for a modern audience.

Fed's preferred inflation gauge up as spending bounces

A key indicator of US inflation rose in January, according to government data released Friday, while spending bounced after retail sales were boosted by good weather.

British Airways parent IAG flies back into annual profit

IAG, owner of British Airways and Spanish carrier Iberia, announced Friday a return to profit in 2022 as the global aviation sector reopened from Covid lockdowns.

S.Africa's Eskom gets interim head after CEO's sudden exit

Beleaguered South African power utility Eskom appointed an interim CEO on Friday, capping a week of high drama marked by a bombshell interview in which the firm's previous head accused the ruling party of graft.

Crumbling Pakistan economy puts children's futures on hold

Sixteen-year-old Nadia makes the one-hour journey to and from her employer's house on foot each day, stopping frequently along the congested streets of Lahore so her mother can rest her weary legs.

Modi calls for World Bank reform at G20 finance meet

Indian Prime Minister Narendra Modi added his voice Friday to calls for the reform of global lenders such as the World Bank, as G20 finance ministers and central bank heads met.

Six dead, dozens still missing after China mine collapse

Dozens of people remained missing on Friday following a collapse at a coal mine in northern China that killed six, state media reported.

Bank of Japan's next chief says monetary easing 'appropriate'

The Bank of Japan's longstanding monetary easing policies are "appropriate", its next governor Kazuo Ueda told parliament on Friday, suggesting no sudden changes to the bank's stance when he takes the helm in April.

Japan inflation hits 4.2 percent in January

Japan's consumer prices rose 4.2 percent in January from a year earlier, a level not seen since September 1981, fuelled in part by higher energy bills, government data showed Friday.

Boeing halts deliveries of 787 again on fuselage issue

Boeing has suspended deliveries of the 787 Dreamliner again following new issues with a fuselage component, US aviation regulators said Thursday.

US World Bank pick a straight-talker who 'gets things done'

The United States' candidate to lead the World Bank, Ajay Banga, has helmed large institutions and "helped bring 500 million unbanked people into the digital economy," according to US authorities.

Quake girl Sham leaves Syria for treatment in Turkey

A nine-year-old Syrian girl whose fate captured the tragedy, hope and heartbreak of this month's earthquake after spending 40 hours under the rubble was taken to Turkey Thursday for treatment.

R. Kelly gets new 20-year jail term for child porn crimes

A US judge on Thursday handed disgraced R&B singer R. Kelly a 20-year prison term for child pornography and other charges -- but he will serve most of it simultaneously with a previous sentence.

US transport chief sorry over delayed derailment response

US Transportation Secretary Pete Buttigieg voiced regret Thursday over his muted response to a toxic train derailment and pushed for safety reforms as he addressed resident's fears over possible contamination of their air and water.

World's last Meccano factory to close next year in France

The owners of the world's last dedicated Meccano toy factory have said it will close by next year after more than half a century in France because of rising costs.

French news channel sacks anchor after disinformation probe

France's leading rolling news channel BFMTV on Thursday said it has sacked an anchor after a probe into alleged external influence in his work, according to a company message seen by AFP.

EU institutions ban TikTok on work devices

The main EU governing institutions on Thursday banned their staff from installing TikTok on devices used for work amid concerns over data protection, in a move that provoked an angry response from the company.

Equities struggle but oil advances

US and European stocks turned in mixed performances on Thursday, while oil bounced higher on Chinese demand expectations.

Vuitton accused over Joan Mitchell paintings in handbag ads

The Joan Mitchell Foundation has sent a cease and desist letter to Louis Vuitton alleging the luxury brand is using reproductions of the artist's paintings in handbag advertisements without authorization.

US to help Africa get louder global voice, says Jill Biden

First Lady Jill Biden said the United States was committed to helping African nations get a louder voice at the UN and other international bodies, as she visited Namibia on Thursday.

Canada's First Quantum suspends Panama mine operations

Canadian mining giant First Quantum Minerals announced Thursday the suspension of its operations at a major mine in Panama, saying it was being blocked from exporting copper abroad.

Biden nominates ex-Mastercard CEO to lead World Bank

US President Joe Biden said Thursday that Washington is nominating former Mastercard Chief Executive Ajay Banga to lead the World Bank, after its current chief David Malpass announced plans to step down early.

Japan's 'Suzume' stars at Berlinale after 20-year anime hiatus

Japanese director Makoto Shinkai admits that he "didn't have an eye on the global market" when making "Suzume".

Fashion courts K-Pop and its fans at Milan catwalk shows

Milan's catwalks may be the epicentre of global fashion this week, but it's Seoul and K-Pop fans who are front and centre in the battle for new luxury customers.

G7 presses IMF for Ukraine aid as Yellen says Russia hurting

G7 finance chiefs pressed the IMF on Thursday to provide more aid to Ukraine, as US Treasury Secretary Janet Yellen insisted that sanctions were hurting Russia on the eve of the first anniversary of the invasion.

Death toll from China mine collapse rises to five, dozens still missing

The death toll from a collapse at a coal mine in northern China rose to five on Thursday, state media reported, as rescuers searched for dozens still missing after a massive landslide hindered recovery efforts overnight.

Hong Kong exchange reports IPO drought in 2022 as profits slide

Hong Kong's stock exchange last year saw the fewest new listings in more than a decade, it said Thursday as the city struggles to emerge from pandemic isolation and kickstart an economic recovery.

Sawt Falasteen - Economy (English)