Sawt Falasteen - Economy

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Featured

UK PM launches bid to get rough sleepers off streets by Christmas

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

Texas Counseling Center Highlights the Role of Counseling in Supporting Immigration Psychological Evaluations

Texas Counseling Center is highlighting the role professional counseling can play in helping individuals manage the emotional challenges associated with immigration proceedings and prepare for immigration psychological evaluations.

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Rafael Nadal launches hotel brand with Spain's Melia Group

Spanish tennis star Rafael Nadal on Thursday announced the launch of a new hotel brand with Spain's Melia group that is planning to open some 20 hotels across the globe in the next five years.

Stocks sink as central banks hike rates, data fan recession fears

Global stocks sank Thursday as central banks hiked interest rates again and signalled they needed to go higher to tame inflation.

US places Chinese chipmakers on trade blacklist

The US Commerce Department on Thursday blacklisted 36 Chinese companies including top producers of advanced computer chips, severely restricting their access to American technology.

Becker deported to Germany from UK after prison release

Disgraced former tennis superstar Boris Becker was due back in Germany on Thursday after being deported following his release from a British prison where he served a sentence relating to his 2017 bankruptcy, his lawyer said.

US industrial output slips in November

Industrial production in the US slumped in November with "broad based" decreases, the Federal Reserve said Thursday, as output for bigger-ticket consumer products and manufacturing fell.

Equities sink as central banks hike rates further

Global stocks sank Thursday as central banks hiked interest rates again and signalled they needed to go higher to fight inflation.

US retail sales contract in November on auto and other goods

Retail sales in the US turned negative in November as the holiday shopping season got underway, dragged by auto, furniture and building supplies, according to official data released Thursday.

ECB opts for smaller rate hike but inflation still 'far too high'

The European Central Bank opted for a smaller interest rate rise of half a percentage point on Thursday but warned it expects "significantly" further hikes as red-hot inflation was still "far too high".

Bank of England lifts interest rate to 14-year high

The Bank of England on Thursday hiked its interest rate by half a point to 3.5 percent, the highest level in 14 years, in a bid to cool sky-high inflation.

Lithuanian firm makes stoves from car parts for power-starved Ukrainians

As winter temperatures plunge, a Lithuanian metal processing company has been turning used car parts into small stoves to keep war-weary and power-starved Ukrainians warm.

New Volkswagen boss eyes tapping the brakes on software drive

Volkswagen's new boss Oliver Blume will seek to rally the board and shareholders at back-to-back meetings from Thursday to support his strategy on a crucial automotive software that felled his predecessor.

Back from underworld: Greek city's cultural rebirth

It was the Greek city where the ancients flocked in the hope of learning the secret of life after death.

Going pro: Senegal's young gamers betting on eSport

Avid fans of the best-selling FIFA video game watched on a big screen as leading Senegalese gamers battled it out as virtual iterations of footballing royalty like Cristiano Ronaldo and Olivier Giroud.

Equities sink on Fed outlook, before Europe rate calls

Global stocks sank Thursday and the dollar rose after the US Federal Reserve hiked interest rates again and signalled they would go higher to fight inflation.

Boris Becker released from UK jail for deportation: media

Former tennis superstar Boris Becker has been released from prison after serving a sentence relating to his 2017 bankruptcy, British media said on Thursday.

Markets sink with Wall St on hawkish Fed outlook

Asian and European equities fell Thursday after the Federal Reserve signalled US interest rates would go higher than expected and warned the world's biggest economy would grow less than expected next year, fanning fears a recession is on the way.

Bulgarians stock up on firewood as energy costs surge

Winter is closing in but the sound of chainsaws still reverberates on the forest-covered slopes of the mountains in northern Bulgaria, while horses stand ready to transport the freshly cut wood down the steep paths.

'It all fell on me': Russian mothers alone as draft exiles dads

Wrapped up in brightly coloured snowsuits, Yekaterina Filimonova cycles through Moscow's snow-blanketed streets with her three sons to their nursery.

Let the good times roll? Bangkok becomes Southeast Asia's weed Wild West

From sleek boutiques to rickety stalls, hundreds of cannabis dispensaries have sprouted across Bangkok following decriminalisation, but in a nation once infamous for tough drug laws, Thai vendors are asking: can the high times last?

Black Colombian army major breaks ranks by wearing natural hair

A Colombian army major, Martha Estrada, has made history by becoming the first Black policewoman to wear her hair unstraightened while on duty, a symbolic advancement in the country's battle against discrimination.

One of Ireland's last Traveller tinsmiths mourns lost way of life

Warmed by a wood-burning stove and thinking of the past, James Collins often works with tin late into the evening, the passing of time punctuated by the steady tap of his hammer.

Google says does not change search results after Hong Kong anthem row

Google said Thursday it does not manipulate search results, after Hong Kong's government said the tech giant had refused its demand to remove a popular protest song.

'No space': German hospitals overwhelmed by sick kids

When Debora Zilz rushed her baby son Andreas to a Berlin hospital because of a serious respiratory illness, she got a shock.

UK nurses begin unprecedented walkout

UK nurses on Thursday begin an unprecedented strike as a "last resort" in their fight for better wages and working conditions, despite warnings it could put patients at risk.

ECB tipped to follow Fed with smaller rate hike

The European Central Bank is expected to follow the US Federal Reserve's lead on Thursday and opt for a smaller interest rate hike, analysts said, on signs that red-hot inflation is finally easing.

Asian markets sink with Wall St on hawkish Fed outlook

Asian equities fell Thursday after the Federal Reserve signalled US interest rates would go higher than expected and warned the world's biggest economy would grow less than expected next year, fanning fears a recession is on the way.

World Cup run temporarily masks Argentina's inflation misery

Argentina's economy may be sinking but the entire country is buoyant, basking in the elation of its football team led by iconic captain Lionel Messi reaching the World Cup final.

US political world seeks distance from disgraced donor Bankman-Fried

After years of benefitting from the enormous contributions of FTX founder Sam Bankman-Fried -- accused of massive financial fraud -- America's political elite are now skittering away, eager to put distance between themselves and the disgraced cryptocurrency darling.

US regulator says reform will boost individual investors

Emphasizing the need to protect small investors, US securities regulators Wednesday proposed new rules to ensure competition in the execution of stock market trades.

US stocks retreat as Fed says more work to do to counter inflation

US stocks declined along with the dollar on Wednesday after the Federal Reserve lifted interest rates again and signaled that it expects more hikes ahead.

US Fed downshifts campaign to tame inflation but still 'some ways to go'

The Federal Reserve moderated its all-out campaign to cool US inflation Wednesday, lifting the benchmark lending rate by a half percentage point though warning there is still "some ways to go."

S.Africa's power utility CEO resigns amid energy crisis

The head of South Africa's beleaguered state-owned power utility Eskom, Andre de Ruyter, has resigned, the company said on Wednesday, as the country suffers from a worsening energy crisis.

Sawt Falasteen - Economy (English)