Sawt Falasteen - Economy

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25,000 rally in Madrid demanding state pension guarantees

Authorities said 25,000 people marched through central Madrid on Saturday demanding protection for the Spanish state pension scheme, one of the hot topics in a parliamentary election next month.

Police fire tear gas as new French demonstrations kick off

French police started firing tear gas at protesters Saturday as they stepped up security in major cities aiming to prevent a repeat of rioting a week ago, on a day of fresh nationwide demonstrations over the high cost of living.

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SVB collapse calls for finance rethink: Stiglitz

In the wake of the collapse of Silicon Valley Bank that has shaken world markets, Nobel economics prize laureate Joseph Stiglitz told AFP that US authorities "did the right thing" to protect deposits but said the financial system needs a rethink.

Search on for 10 trapped miners after Colombia blast kills 11

Rescuers battled Wednesday to save ten workers trapped in a coal mine in central Colombia after an explosion that killed 11.

Stock markets in 'bloodbath' as bank fears resurface

Stock markets sank on Wednesday on renewed fears of a burgeoning banking crisis, snapping a one-day rally as Credit Suisse led a rout in shares of major lenders.

Strikes-hit UK pledges £94 bn in cost-of-living budget

Britain on Wednesday said its cost-of-living support for this year and next would total £94 billion ($114 billion), as it forecast the UK to stay out of recession with inflation slowing sharply.

SVB collapse calls for finance rethink financial: Stiglitz

Credit Suisse shares sink as top shareholder rules out more cash

Credit Suisse shares plunged more than 20 percent to new record lows after its main shareholder said it would not provide more financial assistance to the embattled Swiss banking giant.

Lebanon central bank chief snubs European investigators

Lebanon's under-fire central bank governor Riad Salameh failed to appear Wednesday before European investigators, with his legal team claiming the hearing would have been "in conflict with national sovereignty", a judicial source said.

Russia's oil revenue sinks as price cap bites: IEA

Russia's oil-export revenue sank by almost half in February compared to last year as Western powers tightened sanctions on the country, the International Energy Agency said on Wednesday.

European stock markets, euro slump on banking fallout

Europe's stock markets and the euro slumped Wednesday on renewed fears of contagion following the collapse of Silicon Valley Bank.

Last-gasp garbage strike seeks to thwart French pension reform

Uncollected rubbish clogged streets in France's capital on Wednesday as unions made an 11th-hour bid to stop a deeply unpopular pensions reform from being passed.

South Korea to build 'world's largest' chip centre

South Korea said Wednesday it would build the world's largest chip centre using $230 billion of private investment mostly from Samsung Electronics, as it seeks an edge in the global industry.

Zara owner Inditex posts record profit

Zara owner Inditex, the world's biggest fashion retailer, reported record profits for 2022 despite halting operations in Russia and soaring global inflation.

Worry, mistrust meet plans to secure waste from Niger uranium mine

Towering mounds dot the desert landscape in northern Niger's Arlit region, but there is little natural about them -- they are heaps of partially radioactive waste left from four decades of operations at one of the world's biggest uranium mines.

China retail sales up in New Year after Covid reopening

Chinese retail sales rebounded in January and February as Beijing abandoned its suffocating zero-Covid policy, reopening borders and ending mandatory quarantine, and the country celebrated the Lunar New Year holiday.

Strike grips Sri Lanka as unions protest IMF bailout

Bankrupt Sri Lanka's hospitals were crippled and transport disrupted on Wednesday as trade unions protested against the doubling of taxes to qualify for a crucial IMF bailout.

Asian markets rally as bank worries ebb, Fed rates back in view

Asian markets bounced Wednesday as concerns about contagion from the collapse of two US regional lenders eased while investors turned their attention back to next week's Federal Reserve interest rate decision.

Tesla's arrival accelerates Mexico 'nearshoring' boom

Governor Samuel Garcia is a man in a hurry, juggling his daughter's birth and Tesla's arrival in northern Mexico, which hopes to benefit from a new wave of foreign investment.

Last-gasp strikes seek to prevent French pension reform

France faces another day of strikes on Wednesday over highly contested pension reforms which President Emmanuel Macron appears on the verge of pushing through despite months of protests.

Hunger, thirst stunting Indigenous children in Colombian desert

After a grueling jeep trip of almost 24 hours on mostly desert roads, two-year-old Rosalinda arrived at the clinic in Uribia, northern Colombia, just in time.

US stocks rebound as bank shares rally, while oil prices tumble

US and European stock markets rebounded on Tuesday amid easing worries over bank industry turmoil, while oil prices fell sharply on recession risks.

Brazil footballers say they fell victim to crypto scam

Three Brazilian footballers, including Nottingham Forest midfielder Gustavo Scarpa, say they have fallen victim to a multi-million-dollar cryptocurrency scam, according to local media reports.

Saudia, startup Riyadh Air announce big Boeing 787 order

Two Saudi airlines will purchase 78 Boeing 787 Dreamliner planes under agreements announced Tuesday in a giant order that underlines Saudi Arabia's goal to remake itself as a global aviation hub.

Meta axes another 10,000 jobs in new round of cuts

Facebook owner Meta announced a fresh wave of job cuts on Tuesday, part of what CEO Mark Zuckerberg called the company's "year of efficiency" as the US tech sector continues to downsize.

ChatGPT gets more 'human' as AI wave continues

The company behind the ChatGPT app that churns out essays, poems or computing code on command released Tuesday a long-awaited update of its artificial intelligence (AI) technology that it said would be safer and more accurate than its predecessor.

Putin to hold talks with Syria's Assad on Wednesday: Kremlin

Russian President Vladimir Putin will hold talks with Syria's leader Bashar al-Assad in Moscow on Wednesday, the Kremlin said, as relations between Middle East states undergo a realignment.

City of blight: Paris visitors alarmed at trash strike

Portuguese tourist Fabio Figueirado wanted to admire beautiful buildings on a romantic getaway in Paris, but instead he and his girlfriend have found themselves navigating pavements piled high with garbage.

Riyadh Air, Saudia announce big Boeing 787 order

Riyadh Air and Saudia will purchase 78 Boeing 787 Dreamliner planes under agreements announced Tuesday in a giant order that underlines Saudi Arabia's goal to remake itself as a global aviation hub.

New research claims Leonardo da Vinci was son of a slave

Leonardo da Vinci, the painter of the "Mona Lisa" and a symbol of the Renaissance, was only half-Italian, his mother a slave from the Caucasus, new research revealed on Tuesday.

Worker struggles with gig economy giants

In the battle between workers and gig economy giants, Uber notched up a rare win Monday when a court in California upheld a state law letting the company treat its drivers as independent contractors rather than employees.

Stocks rebound as cooling inflation offsets bank fears

US and European stock markets rebounded on Tuesday as easing inflation data in the United States offset fears over the health of the banking system.

Meta axes 10,000 jobs in new round of cuts