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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India's troubled Adani invests in bankrupt Sri Lanka

Cash-strapped Sri Lanka on Thursday announced its first major foreign investment since it declared bankruptcy, approving a $442 million wind power project by India's scandal-hit Adani group.

When men won't 'get dirty', Nicaraguan women dig for cockles

From a young age, Elena Martinez and other female residents of Aserradores, a small fishing community in eastern Nicaragua, learn to navigate the dense mangrove forest to extract a black mollusc from deep under the mud.

Bosnian furniture sector spurs economic growth

The screech of chainsaws echoes through a Bosnian forest edged by snowy peaks, where lumber is to be crafted into high-end furniture to adorn European or South Korean homes.

Coffee harvest plunges amid Central American exodus

Nestled in the mountains of central Honduras, the "El Encanto" coffee farm is tackling this year's harvest with half the pickers it needs.

Markets stabilize as investors digest latest Fed minutes

Equity markets stabilized Wednesday following the prior session's Wall Street rout as markets assessed the latest Federal Reserve meeting minutes amid worries over higher interest rates.

MLS banking on new Apple deal to boost popularity

Major League Soccer is hoping its ground-breaking new global streaming deal with Apple TV will launch a new era of growth when their season gets under way on Saturday.

Google hails 'key milestone' in quantum computing

Google scientists said Wednesday they have passed a major milestone in their quest to develop effective quantum computing, with a new study showing they reduced the rate of errors -- long an obstacle for the much-hyped technology.

Kenya launches probe into sex abuse claims at UK tea firms

Kenyan lawmakers say they will investigate accusations of sexual abuse on tea plantations that supply some of Britain's most popular brands.

Chinese-owned British Steel says plans 260 job cuts

British Steel plans to cut up to 260 jobs in Britain after being hit by soaring energy costs, the Chinese-owned group announced Wednesday.

'All this rubble': Pollution fears over Turkey quake waste

Half a dozen dump trucks offloaded their potentially hazardous cargo of rubble in a cloud of dust by a roadside in Antakya, Turkey, one of the cities worst hit by a deadly earthquake.

Russian oligarchs' superyachts on sanctions radar

Luxurious superyachts owned by Russian oligarchs reportedly close to the Kremlin have proved difficult to seize under Western sanctions imposed over Moscow's war in Ukraine.

Seattle becomes first US city to ban caste discrimination

Seattle has become the first city in the United States to ban discrimination based on caste, following a city council vote on Tuesday.

Red balloons mark youth killed in devastating Turkey quake

Dozens of red balloons speckle the rubble of a destroyed building alongside a main road in Turkey's quake-hit south.

Hong Kong unveils US$97 billion post-pandemic budget

Hong Kong's finance chief unveiled a HK$761 billion (US$97 billion) budget on Wednesday, plunging into the coffers to pay for the recession-hit city's post-Covid recovery.

Never look back: actor Vincent Cassel, France's scary star

Actor Vincent Cassel is set to dominate big and small screens this year, appearing in two blockbuster French films and a new spy thriller on Apple TV.

Costa Rican chef showcasing Indigenous cuisine

The recipes are not written down, the ingredients local. At Sikwa restaurant in the Costa Rican capital, a deep-rooted respect for Indigenous culture is what determines the menu.

Thai farmers tap into sustainable rubber industry

By the light of a head torch, Wanida Hityim deftly strips bark from a rubber tree, collecting the milky latex as she explains why she's among a small number of Thai farmers trying to work more sustainably.

Global stocks mostly fall amid resurgent rate hike worries

Wall Street stocks fell Tuesday on resurgent worries over Federal Reserve policy and gloomy forecasts from retailers, while European equities also retreated despite some encouraging economic data.

Intense cyclone Freddy lashes Madagascar, kills one

A powerful tropical Cyclone Freddy lashed the eastern coast of Madagascar on Tuesday, killing at least one person as it moved in packing winds of around 130km per hour, officials said.

Intense cyclone Freddy lashes Madagascar

A powerful tropical Cyclone Freddy lashed the south eastern of Madagascar on Tuesday, killing at least one person as it moved in packing winds of around 130km per hour, officials said.

Some UK supermarkets limit fruit and veg sales

Some UK supermarkets have introduced limits on customer purchases of some fruit and vegetables due to "sourcing challenges" blamed on weather conditions in southern Europe and north Africa, the industry said Tuesday.

Four-day working week 'more productive': UK study

A four-day working week is more productive for most staff and companies than the traditional five days, one of the biggest trials of its kind conducted in the UK reported on Tuesday.

Hong Kong revokes visa of Chinese scientist jailed over gene editing

Authorities in Hong Kong said late Tuesday they had cancelled the work visa of a Chinese biophysicist who was jailed for creating the world's first gene-edited babies, throwing cold water on his plans to relocate his research to the city.

Walmart, Home Depot cautious on 2023 as inflation bites

Walmart reported better profits than expected over the critical holiday-season quarter Tuesday, but offered a cautious outlook on the year ahead as inflation squeezes consumers.

Spielberg channels inner child at Berlin film festival

Three-time Academy Award winner Steven Spielberg on Tuesday said childhood trauma had shaped almost all of his work as he prepared to accept a lifetime achievement award at the Berlinale film festival.

Cautious Walmart outlook hits shares despite solid Q4 profits

Walmart reported better-than-expected profits over the critical holiday-season quarter Tuesday, but offered a disappointing outlook as inflation weighs on consumers.

EU vows to boost investment in Kenya to strengthen ties

The European Union said Tuesday that it would increase its investments in Kenya by hundreds of millions of dollars, looking to bolster ties in the face of competition from China.

HSBC pre-tax profit slumps on France sale

Bank titan HSBC said Tuesday that annual pre-tax profit tumbled after taking a huge charge on the sale of French retail operations.

Dubai airport sees surge in arrivals bolstered by Russian influx

Dubai's airport welcomed 66 million passengers in 2022, more than double the previous year, it said Tuesday, a spike its chief executive attributed to "huge growth" in Russian travellers.

Anglican group rejects Archbishop of Canterbury as schism widens

A global grouping of 25 Anglican churches has said it no longer recognises Archbishop of Canterbury Justin Welby as its leader following the decision to allow the blessing of same-sex couples in England.

Zalando to cut 'hundreds of jobs'

German online fashion retailer Zalando said Tuesday it plans to cut hundreds of jobs to help it confront a "more challenging" economic environment after years of rapid growth.

Asian markets mixed, with rates set to go higher

Asian markets were mixed Tuesday, with traders trying to gauge the outlook for the US economy as they price in more interest rate hikes than previously predicted.

Sawt Falasteen - Economy (English)