Sawt Falasteen - Economy

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Featured

UK PM launches bid to help homeless, donating part of his wages

New UK Prime Minister Andy Burnham unveiled plans Wednesday to offer those sleeping rough a way off the streets by Christmas, and vowed to donate part of his wages to help curb homelessness.

Merck and Moderna's tailored cancer drug curbs melanoma recurrence in trial

US drugmakers Merck and Moderna said Wednesday an experimental melanoma drug that delivers treatment tailored to a patient's specific tumor prevented the cancer from returning in a large clinical trial.

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Austrian film 'Corsage' under shadow of actor's child porn trial

One of the main backers of "Corsage", an award-winning Austrian film bidding for Oscars glory, on Sunday distanced itself from one its main actors after he was charged with possessing child pornography.

Boom time for menswear as Paris Fashion Week returns

The fashion juggernaut returns to Paris this week, with Saint Laurent rejoining the line-up and menswear on a hot streak, even if the industry remains wary of economic headwinds.

Former Volkswagen boss Carl Hahn dies aged 96

Carl Hahn, who headed the Volkswagen group during the German car giant's heyday in the 1980s, has died, a spokeswoman for the Carl and Marisa Hahn Foundation told AFP on Sunday.

AI, do my homework! How ChatGPT pitted teachers against tech

Know-it-all chatbots landed with a bang last year, convincing one engineer that machines had become sentient, spreading panic that industries could be wiped out, and creating fear of a cheating epidemic in schools and universities.

China's 2022 growth seen as its lowest in 40 years

China's economic growth for 2022 is expected to have been among its weakest in four decades after the twin crises of the pandemic and property woes, analysts said ahead of Tuesday's GDP announcement.

Tourists surge back to Jordan's desert marvel Petra

Tending to his camels in Petra, Jordan's spectacular archaeological marvel hidden deep in a desert canyon, Hussein Bdoul is all smiles: the tourists are back.

Iraq's currency in flux as foreign transfers come under scrutiny

Iraq's local currency has been on a two-month roller coaster ride following a tightening of procedures for international transfers, with some blaming Washington for the dinar's woes.

Pakistan's economy grinding to a halt as dollars dry up

Thousands of containers packed with essential food items, raw materials and medical equipment have been held up at Pakistan's Karachi port as the country grapples with a desperate foreign exchange crisis.

Protesters clash with police at German coal mine protest

German police clashed with environmental protesters on Saturday at a village being razed to make way for a coal mine expansion.

French football boss Le Graet faces 'sexist outrage' claim

French football chief Noel Le Graet could face criminal proceedings after a claim of a "sexist outrage" was made against him, Le Monde reported on Saturday.

Musk faces US fraud trial over Tesla tweet

Elon Musk, the CEO of electric car giant Tesla, will face trial on Tuesday over allegedly manipulating the stock market with a tweet after a federal judge rejected his request to move the case out of California.

Global stocks extend run after US bank earnings and German data

Global stocks mostly rose Friday, extending a positive start to 2023, as Wall Street shrugged off early loses following mixed bank earnings and Europe cheered better-than-expected German economic data.

Colombia to investigate claims US, local soldiers raped indigenous girls

Colombia President Gustavo Petro on Friday ordered an investigation into the alleged rape of underage indigenous girls by US and local soldiers.

US eyes 'extraordinary measures' to avoid default next week: Yellen

The US Treasury Department said Friday it will likely begin "extraordinary measures" next week to prevent a default on government debt, setting up a high-stakes showdown in Congress over raising the nation's borrowing limit.

Europe stocks extend gains on slowing inflation, upbeat data

Equities in Europe and Asia mostly rose Friday as slowing US inflation fuelled speculation the Federal Reserve would take a softer approach to its monetary tightening campaign, though New York stocks were more tentative on bank downturn worries.

Tesla slashes vehicle prices up to 20% in US, Europe

Tesla on Friday announced it will cut the price of its best-selling electric vehicle models up to 20 percent in Europe and the United States, launching a price war as more rivals hit the market.

Big US banks report mixed earnings and gird for 'mild recession'

Major US banks reported mixed fourth-quarter results Friday as executives pointed to the rising odds of a "mild recession," with inflation and interest rate hikes challenging households and businesses.

Travel demand boosts Delta results but labor costs dent profit forecast

Delta Air Lines on Friday reported better-than-expected results in the final months of 2022, helped by strong consumer demand, although it expects labor costs to weigh on first quarter profits this year.

JPMorgan Chase girds for 'mild recession' as Q4 profits rise

JPMorgan Chase reported higher fourth-quarter profits Friday, boosted by income tied to increasing interest rates as the big bank set aside more funds in case of a recession.

Sweden inaugurates new satellite launch site

Just days after a failed UK satellite launch, Sweden inaugurated Friday its new launching site as the race heats up to be first country to send satellites into orbit from the European continent.

China operates first domestic Boeing 737 MAX flight since 2019

A Boeing 737 MAX took off from southern China on Friday, the first domestic flight using the aircraft model since March 2019 when it was grounded after two deadly crashes.

German economy holds up in 2022, despite Ukraine war fallout

The German economy grew a better-than-expected 1.9 percent in 2022, official data showed Friday, as government relief measures cushioned Europe's export giant from an energy crisis triggered by the Ukraine war.

Three frontrunners as Czechs vote for new president

The Czech presidential election is to kick off on Friday with a billionaire, a general and an academic leading a likely two-round vote seen as too close to call.

UK economy wins World Cup boost but recession looms

Britain's economy unexpectedly grew in November as consumers splurged during the World Cup, official data showed Friday, but analysts warned that it remains on course for recession due to the cost-of-living crisis.

German pawnbrokers offer a quick fix to inflation pain

At a pawn shop in the west German city of Duisburg, a young woman hands over a mobile phone and in return gets a wad of cash to help make ends meet -- for a while.

Cameroon's 'funeral music' gives voice to frustrated youth

It began as a form of music chanted at wakes to comfort mourners -- now it is part of Cameroon's cultural mainstream, and a powerful form of expression for its frustrated youth.

UK economy posts surprise growth in November: data

Britain's economy unexpectedly grew in November, official data showed Friday, but it is widely tipped to enter recession this year as the country faces a cost-of-living crisis.

Auctioneers eye new record for Tintin artwork at sale

Known around the world for his blond quiff and daring adventures, Belgian comic book hero Tintin is setting the art world astir with an original illustration that could set a new record at auction.

Leading trio do battle to become Czech president at polls

A billionaire, a general and an academic are favourites going into the first round of the Czech presidential election that begins Friday and concludes on Saturday and is seen by observers as too close to call.

China imports, exports plunge in December: customs

China's exports in December fell at their fastest pace since 2020, according to official data Friday, owing to a drop in global demand and after health restrictions hit economic activity at home.

Top woman conductor says Blanchett's 'Tar' is 'misogynistic'

"Tar" is tipped to win Cate Blanchett a third Oscar for her role as a power-hungry conductor, but for one real-life pioneer in the job, the film does a "disservice to women".

De La Soul finally stream albums after years of legal woes

Hip-hop pioneers De La Soul are finally releasing their classic early hits on streaming platforms from Friday after decades-long battles over their samples.

Sawt Falasteen - Economy (English)