Sawt Falasteen - Economy

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Featured

France to deploy 70,000 police as students urge further protests

France will deploy some 70,000 police nationwide as it braces for new protests this weekend after some of the worst urban violence in years erupted on the sidelines of demonstrations a week ago, the government said Friday.

Romania blames Russia for new deadly attack on ship

Romania said Friday one sailor had died and three were missing after a ship was struck by a drone and sank in the latest attack in the Black Sea that President Nicusor Dan blamed on Russia.

Last news

Ex-Audi CEO to plead guilty over 'dieselgate' scandal

Former Audi boss Rupert Stadler will plead guilty over the "dieselgate" vehicle emissions-cheating scandal, a German court said Wednesday, which would make him the first auto CEO to be convicted in the resulting lawsuits.

European stocks rise, bucking slides in Asia, US

European markets advanced in early trade on Wednesday, bucking slides in Asia and the United States driven by fears of banking sector turmoil and jitters over interest rates.

World's tallest 'hemp hotel' trails South Africa's green credentials

With 12 storeys, a breathtaking view of Cape Town's imposing Table Mountain and a minimal ecological footprint, the world's tallest building made with industrial hemp is soon to open its doors in South Africa.

US Fed likely to hike rates again as banking fears resurface

The US Federal Reserve is widely expected to raise its benchmark lending rate for a 10th -- and possibly final -- time on Wednesday, as it looks to bring down inflation while aiming to prevent fresh banking concerns from spreading.

Tech industry allowing 'deluge' of misinformation: RSF

Journalism is being battered by propaganda and increasingly sophisticated fakes, aided by AI software and a failure of oversight from tech companies, Reporters Without Borders (RSF) said Wednesday.

Dead rivers, flaming lakes: India's sewage failure

Mohammed Azhar holds his baby niece next to a storm drain full of plastic and stinking black sludge, testament to India's failure to treat nearly two-thirds of its urban sewage.

Asian stocks down after Wall Street losses

Asian stocks were down on Wednesday following losses on Wall Street fuelled by fears of banking sector turmoil and jitters over interest rates.

Press freedoms shrink, journalists targeted: UN and media

Press freedom is under attack in every corner of the globe, with journalists continually harassed, jailed and killed, UN officials and media outlets warned Tuesday.

Apple and Google aim to expose Bluetooth tracker abuse

Apple and Google on Tuesday proposed a tech standard to make sure people get tipped off when their movements are being tracked with Bluetooth devices like AirTags or Tile.

Ford reports solid profits but sees pricing strength ebbing

Ford reported solid quarterly profits Tuesday behind higher vehicle volumes and an improved operating performance, but said vehicle pricing was becoming less favorable compared with last year.

Second Russian train hit by explosive near Ukraine border

An explosive device derailed a Russian freight train in a region bordering Ukraine for a second straight day Tuesday ahead of an expected counteroffensive by Kyiv.

Fresh rout of US regional banks despite First Republic deal

Shares of US regional banks suffered deep losses on Wall Street Tuesday, dashing hopes that the resolution of First Republic's woes would end the crisis.

ChatGPT sends shares in online learning giants into tailspin

Shares in companies that specialize in publishing school textbooks and offering online classes took a big hit on Tuesday after signs emerged that AI-bots such as ChatGPT were eating into their business.

Stocks slide, dollar mixed before rate calls

European and US stock markets fell Tuesday ahead of key interest rate decisions on both sides of the Atlantic this week and worries about banks continued to haunt investors.

'Bring it on': Emirates airline boss welcomes Saudi competition

The UAE's Emirates airline does not feel threatened by ambitious expansion plans in neighbouring Saudi Arabia and welcomes increased competition, its president said on Tuesday.

Pakistan inflation hits record-high 36.42 percent

Pakistan's year-on-year inflation hit its highest-ever level of 36.42 percent in April, after the government introduced new taxes and raised fuel prices to try to meet International Monetary Fund (IMF) conditions for a crucial bailout.

Teapots, towels, tea bags: UK in coronation retail boost

Commemorative plates, towels and tea bags are vying for attention in shop windows near Buckingham Palace, ready for the first coronation of a British monarch in 70 years.

Fed begins rate talks that could herald end of hikes

The US Federal Reserve kicked off a two-day meeting Tuesday morning to decide whether to raise its benchmark lending rate for a 10th -- and possibly final -- time to tackle rising prices.

Stock markets dip, dollar rises before rate calls

European and US stock markets slid while the dollar mostly firmed Tuesday as focus turned to interest-rate decisions due this week in the United States and eurozone.

Uber shares jump as it reports higher sales

Uber shares rocketed higher early Tuesday after the ride-hailing and delivery company reported a jump in revenues amid rising demand.

Pfizer profits drop as it adapts to lower Covid-19 revenues

Pfizer reported a drop in first-quarter profits Tuesday on declining Covid-19 vaccine revenues, but said it was on track for a heavy series of product launches later in 2023.

HSBC profit rockets on rising interest rates

Global banking giant HSBC reported Tuesday a surge in quarterly net profit, boosted by rising interest rates and its rescue of the UK arm of failed US lender Silicon Valley Bank.

Stock markets steadier, dollar up before rate calls

Stock markets were largely steady and the dollar firmed Tuesday as focus turned to interest-rate decisions due this week in the United States and eurozone.

Building 'Mad Max' vehicles for Ukraine's fighters

With angular welded frames, huge wheels and teeth painted on the front grille, the one-off buggies being built to order for Ukrainian forces on the battlefield resemble props from the "Mad Max" films.

Hong Kong reports Q1 GDP growth after 2022 contraction

Hong Kong's economy grew in the first quarter of 2023, the city's leader said Tuesday, ending a disastrous year-long spell in which the finance hub was effectively closed for business due to pandemic restrictions.

Eurozone inflation sees surprise rise after 5-month fall

Annual inflation in the eurozone rose to seven percent in April, the EU's statistics agency said Tuesday, the first increase after five consecutive months of declines.

BP back in Q1 profit after record loss on Russia exit

British energy giant BP reported Tuesday a net profit of $8.2 billion for the first quarter, recovering from a record loss a year earlier as it ended operations in Russia after the Ukraine invasion.

Japan Airlines' annual net profit returns to black

Japan Airlines logged Tuesday an annual net profit for the first time in three years, buoyed by soaring domestic and international demand for travel after pandemic restrictions were eased.

Asian markets swing as investors weigh Wall Street losses

Asian equities fluctuated Tuesday as investors digested losses on Wall Street and eyed this week's interest rate decisions.

Qantas names Vanessa Hudson as first woman chief executive

Australian airline Qantas named company veteran Vanessa Hudson as its first woman chief executive on Tuesday, replacing the cost-cutting Irish-Australian Alan Joyce.

Hollywood bracing for writers strike as talks end

Hollywood was preparing for a major strike by thousands of TV and movie writers, as talks to avoid a walkout ended Monday without a deal just hours before a crunch deadline.

Asian markets open higher as investors weigh Wall Street losses

Asian equities rose at the open on Tuesday following a holiday weekend, as investors digested losses on Wall Street after the takeover of First Republic Bank.

Sawt Falasteen - Economy (English)