Sawt Falasteen - Economy

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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.

US stocks fall as bond yields rebound despite Treasury moves, oil rises

Wall Street stocks fell Thursday as government bond yields rebounded despite a fresh pledge from US Treasury Secretary Scott Bessent to push yields lower.

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Europe looks to geothermal energy as gas alternative

The heating plant in Munich's southern Sendling neighbourhood has been run for more than a century on gas, often imported from far away.

Pakistan 'will have to agree' to IMF conditions for bailout: PM

Pakistan's Prime Minister Shehbaz Sharif said Friday that the government would have to agree to IMF bailout conditions that are "beyond imagination".

Turkey's inflation slows for third month ahead of election

Turkey's inflation rate slowed for a third successive month in January, official data showed Friday, after a record that threw the economy into chaos and imperilled President Recep Tayyip Erdogan's chances in May 14 polls.

Peru Congress votes down new bid to advance elections

Peru's Congress on Thursday voted down another proposal to advance elections to this year, a day after a similar proposal aimed at quelling deadly nationwide unrest also failed.

Mexico invites foreign investment in clean energy transition

Mexico welcomes investment by all countries in its clean energy projects, its foreign minister said on Thursday, launching a diplomatic charm offensive amid international concerns over controversial power reforms.

Sushi conveyor belt pranks spark outrage in Japan

A handful of unhygienic pranks at sushi conveyor belt restaurants in Japan have sparked stock slumps, venue overhauls and legal action, along with furious social media commentary.

After Netanyahu talks, Macron warns of Iran nuclear 'consequences'

French President Emmanuel Macron denounced on Thursday the "headlong rush" of Iran's nuclear programme after talks with Israeli Prime Minister Benjamin Netanyahu, who was in Paris to seek a stronger European stance against Tehran.

Google, Apple disappoint as tech earnings hit by gloom

Google and Apple on Thursday reported downbeat results for the last quarter of 2022 as Amazon beat expectations, but warned that the coming months would be uncertain in a difficult moment for Big Tech.

Starbucks profit rises despite hit from China

Starbucks reported higher quarterly profits Thursday, fueled by solid North American growth that compensated for continued weakness in China due to Covid-19 restrictions.

Ford shares fall as Q4 profits lag estimates

Ford reported an annual loss Thursday following disappointing fourth-quarter earnings that reflected what it called execution problems that marred performance.

In Morocco, Spain PM reinforces ties after crisis

Spanish Prime Minister Pedro Sanchez visited Rabat on Thursday to reset his country's "strategic partnership" with Morocco despite criticism from within his own left-wing government about caving in to Moroccan pressure.

Google, Apple brace for earnings as Meta shares skyrocket

Tech giants Google, Apple and Amazon will report their latest earnings on Thursday as shares in Meta skyrocketed after the Facebook owner posted better results than expected and signaled spending cuts.

Rate hikes and tech optimism send stocks higher

European and US stock markets mostly rose on Thursday after the European Central Bank and Bank of England raised interest rates, joining the US Federal Reserve in moving once again to cool sky-high inflation.

Big Tech earnings expected as Meta share price skyrockets

Tech giants Google, Apple and Amazon will report their latest results on Thursday as shares in Meta skyrocketed after the Facebook owner posted a smaller-than-expected slump in sales for 2022.

Swiss prosecutors open probe into 'Suisse Secrets' leaker

Swiss prosecutors said Thursday they had opened an investigation into a massive leak last year of Credit Suisse account records, which a media probe alleged proved the bank held billions in dirty money.

Nigeria eases currency swap to try and curb queues

Nigeria's central bank on Thursday ordered financial institutions to distribute newly designed bills over the counter in a bid to reduce massive queues at cash dispensers.

ECB hikes rates again, vows more in March

The European Central Bank raised interest rates again Thursday and signalled it would "stay the course" with an identical hike next month, even as the outlook in the eurozone brightens.

Stocks climb after rate decisions

European and US stock markets rose on Thursday after the European Central Bank and Bank of England raised interest rates, joining the US Federal Reserve in moving once again to cool sky-high inflation.

From vaccines to AI: New weapons in the fight against cancer

Could humanity finally be gaining the upper hand in our age-old fight against cancer?

Influencers bask in their version of the Oscars in Mexico City

And the winner is... a 16-year-old Colombian whose videos of his life in the countryside landed him an award at TikTok's answer to the Oscars for social media influencers.

Record Shell profit on soaring energy prices sparks outrage

British energy giant Shell on Thursday unveiled record annual net profit of $42.3 billion thanks to surging oil and gas prices, sparking outrage from green groups and unions as the UK endures a cost-of-living crisis.

ECB hikes rates again, says to 'stay course'

The European Central Bank raised interest rates again Thursday and signalled it would "stay the course" in its monetary policy tightening, even as sky-high inflation starts to slow.

Bank of England hikes interest rate tenth time in row

The Bank of England on Thursday hiked its interest rate for a tenth time in a row as global authorities race to combat sky-high inflation.

Burkina urges 'federation' with Mali for joint clout

Burkina Faso's prime minister, in a visit to neighbouring Mali this week, has suggested the two countries form a "federation" to boost their economic clout, his office said.

Shell logs record 2022 profit on soaring energy prices

Shell's net profit surged to a record $42.3 billion last year, the British energy giant said Thursday, as Russia's invasion of Ukraine sent oil and gas prices soaring.

Santander bank posts record profit as rates rise

Spanish banking giant Banco Santander reported on Thursday record profits for 2022, becoming the latest European lender to get a boost from higher interest rates.

Pope meets young people in landmark DR Congo visit

Young people packing a stadium in DR Congo's capital Kinshasa erupted in joy on Thursday as Pope Francis entered in his popemobile, on the third day of his trip to the country.

India's Adani empire loses more than $100 bn after fraud claims

Under-fire Indian tycoon Gautam Adani's empire has lost more than $100 billion in value over the past week as shares in several firms plunged again Thursday, a day after the group cancelled a multi-billion-dollar public offering.

ANA, JAL see profits soar on travel recovery

Japan's leading air carriers ANA Holdings and Japan Airlines posted net profits for the nine months to December, turning around losses as domestic and international travel resume, the companies said Thursday.

Sony hikes net profit forecasts as weak yen boosts gaming

Sony upgraded its annual net profit forecasts on Thursday, saying it expects strong results in its key gaming sector as the weak yen inflates profits on products sold abroad.

After 102 children, Ugandan villager says enough is enough

Musa Hasahya Kasera has so many children he can't remember most of their names.

Sony hikes net profit forecast as weak yen boosts gaming

Sony upgraded its annual net profit forecast on Thursday, saying it expects strong results in its key gaming sector as the weak yen inflates profits on products sold abroad.

Sawt Falasteen - Economy (English)