Sawt Falasteen - Economy

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Featured

Oldest human brain cells grown in lab 'recorded passage of time'

Peppercorn-sized clumps of human brain cells grown in a lab for a record seven years aged similarly to those inside our heads, suggesting they "recorded the passage of time," scientists said Wednesday.

UK media skewered for 'hounding' black academic

The British press is once again in the spotlight for its methods, this time over accusations that its full-throttle coverage of plagiarism allegations against the Cambridge academic Jason Arday led to his untimely death.

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Six women in Peru embark on transoceanic voyage on paddle board

Six women are attempting to paddle 8,000 kilometers (5,000 miles) across the Pacific Ocean to raise awareness about how sport can help cancer patients overcome emotional distress.

Digging for gold inside an Epiphany cake

It is a gift fit for a king, or three: a gold coin slipped by a Belgian baker inside a traditional flaky Epiphany Three Kings cake baked to perfection.

Paris museum numbers recover but still hit by pandemic

With Asian visitors still largely absent, major Paris museums struggled to regain pre-pandemic numbers in 2022, despite a huge recovery from the previous year, official figures showed on Thursday.

Top UK bosses earn average person's annual wage in days: survey

Britain's top bosses earned more in the first few days of 2023 than most ordinary workers will all year, a study showed Thursday, as many grapple with a cost-of-living crisis.

US private hiring rose in December as labor market remains strong

Hiring in the United States jumped in December with a boost from service industries, although salary growth slowed, payroll firm ADP said Thursday.

US trade deficit narrows to smallest since late 2020

The US trade deficit narrowed more than anticipated in November on a fall in imports, government figures showed on Thursday, with drops seen in pharmaceuticals and household goods.

EU gives 'red card' to Cameroon over fishing

The EU on Thursday gave a "red card" to Cameroon for failing to cooperate in the international fight against illegal fishing.

Clothes retailer Next shrugs off UK cost-of-living crisis

Shares in UK clothing retailer Next soared to the top of the London market Thursday after it said colder weather boosted purchases despite a cost-of-living crisis caused by sky-high inflation.

McDonald's leaves Kazakhstan over 'supply restrictions'

Fast food giant McDonald's will close its doors in Kazakhstan due to supply restrictions, the local franchise that operates the US chain in the Central Asian nation said Thursday.

Stocks extend solid start to year, oil prices rebound

Stock markets mostly extended the solid start to the year Thursday as China reopens its economy from lockdowns, while oil prices recovered after heavy losses.

Global investors pressure Glencore over coal production

Key investors in Swiss miner Glencore have demanded the company explain how its coal production plans align with global efforts to curb the warming of the planet, shareholders said Thursday.

Chinese take risks on black market drugs as Covid surges

Desperate families searching for critical Covid-19 medication in China, faced with bare pharmacy shelves and an explosion of cases, are being driven into murky online marketplaces rife with price gouging and fraud.

Lazio fans hurl racist abuse at tearful Umtiti in Italy

France international Samuel Umtiti reportedly left the pitch in tears after he and Lecce teammate Lameck Banda suffered racist abuse from visiting Lazio fans in Italy's Serie A on Wednesday.

Amazon to cut more than 18,000 jobs, CEO says

Amazon announced Wednesday it will cut more than 18,000 jobs from its workforce, citing "the uncertain economy" and the fact that the online retail giant had "hired rapidly" during the pandemic.

Japan tuna price soars past $270,000 at New Year auction

The top-selling tuna at Tokyo's traditional New Year auction sold for more than $270,000 on Thursday, nearly double last year's price, breaking a pandemic trend of slumping demand.

Peru hits Spanish energy giant Repsol with new oil spill fines

Peru's environment authorities on Wednesday announced fines worth close to $6 million against Spanish energy giant Repsol over an oil spill that polluted beaches and cost thousands their livelihoods.

Fed officials do not expect US interest rate cuts this year

US central bankers do not expect it will be "appropriate" to start cutting interest rates this year with inflation remaining high, according to minutes of the latest Federal Reserve policy meeting released Wednesday.

Why monitor wastewater of flights arriving from China for Covid?

Several countries have said they will monitor the wastewater from flights arriving in China in response to an explosion of Covid-19 cases across the nation.

GM beats Toyota in US auto sales on strong demand

General Motors overtook Japanese carmaker Toyota in US automobile sales last year, according to company figures released Wednesday, reclaiming the top spot on strong demand after earlier supply difficulties.

US manufacturing sector weakens on easing demand: survey

US manufacturing activity contracted for a second month in December, remaining at the lowest levels since May 2020 as new orders and production slipped, survey data showed Wednesday.

Rate of scientific breakthroughs slowing over time: study

The rate of ground-breaking scientific discoveries and technological innovation is slowing down despite an ever-growing amount of knowledge, according to an analysis released Wednesday of millions of research papers and patents.

Deadly Ukraine strike reveals Russian tech weakness

Russia has blamed the deaths of scores of its soldiers in a New Year missile strike on its troops using unsecured, traceable mobile phones on the battlefield.

Stocks mostly rally but oil slides

Stock markets mostly extended a New Year rally Wednesday but oil prices slid further as investors weighed China's reopening moves against its surging Covid cases.

Shares in troubled Kenya Airways suspended for another year

Trading in Kenya Airways shares has been suspended for another year, the local stock exchange said Wednesday, as the troubled national carrier battles to return to profitability.

Bankrupt Sri Lanka to hold first polls since crisis

Crisis-hit Sri Lanka Wednesday announced its first nationwide elections since its president fled and resigned in the face of widespread protests, in what will be a test of popularity for his successor.

At CES tech mega-show, driverless cars show promise, limitations

Crowds of techies will descend on Las Vegas this week for the annual CES technology mega-show, but one innovation may again fall short of long-held hopes: driverless cars.

Asian markets mixed as traders consider China reopening

Asian markets were mixed Wednesday as investors weighed China's reopening moves against its surging Covid cases, while recession concerns and a drop on Wall Street kept sentiment grounded.

In Iraq, graft helps push property prices out of reach

Iraqi telecommunications worker Youssef Ahmed is married with a five-year-old son, but lives with his parents because he is unable to afford his own home amid soaring property prices.

Egyptians hit by soaring food prices as crisis bites

Public anger has been growing for months in Egypt over a severe dollar crunch and soaring food prices. But for many a money-saving tip from a state body has been the last straw.

US carries out first execution of a transgender person

A transgender woman convicted of murder was put to death late Tuesday in the first such execution in the United States, officials said.

Venezuela receives first European cruise ship in 15 years

Venezuela on Tuesday received its first European cruise ship in 15 years after long being avoided by tourists due to high levels of insecurity and economic turmoil.

Stock markets rally on New Year boost but US equities falter

Global stocks mostly rallied Tuesday thanks to a New Year boost, clouded however by rising interest rates, recession worries and Russia's war on Ukraine.

Sawt Falasteen - Economy (English)