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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US Justice Dept sues to block JetBlue-Spirit airline merger

The US Justice Department on Tuesday sued to block a $3.8 billion JetBlue-Spirit airline merger, saying that the combination would harm consumers and violate antitrust law.

US prepared to return to bigger rate hikes if strong data persists: Powell

The United States is prepared to increase the pace of interest rate hikes if strong economic data persists, and could raise them higher than previously anticipated, Federal Reserve Chair Jerome Powell said Tuesday.

Gender pay progress stalls on 'motherhood penalty': study

There has been minimal global movement toward gender pay equality because many women still face a "motherhood penalty" after having children, a study said Tuesday.

Mass rallies and strikes in France over Macron's pension reform

Hundreds of thousands of people marched and strikes disrupted transport and schools in France on Tuesday during protests against President Emmanuel Macron's plans to push back the retirement age to 64.

Stocks fall, dollar climbs on Fed rate warning

Stock markets fell and the dollar firmed on Tuesday as Federal Reserve Chair Jerome Powell warned that the central bank could step up its rate hike campaign to fight inflation.

US interest rate likely to peak higher than anticipated: Powell

US interest rates will likely peak at a higher level than previously anticipated due to economic data that came in stronger than recent trends suggested, Federal Reserve Chair Jerome Powell said Tuesday.

Amsterdam mega-brothel plans rile EU vaccines watchdog

It's survived the Covid pandemic but now the European Union's vaccines watchdog has a new worry: plans for a giant "erotic centre" near its Amsterdam headquarters.

Erdogan rival vows to 'end madness' at May election

President Recep Tayyip Erdogan's newly anointed rival in May elections pledged Tuesday to "end this madness" and turn Turkey into a peaceful nation in which its various communities get along.

Stocks waver before Fed testimony on US economy

Stock markets wobbled on Tuesday as traders awaited fresh clues on future US interest rate hikes from the head of the Federal Reserve.

Lego expects further growth after record year: CEO

Lego, the world's number one toymaker, expects to continue to gain market share after reporting rising revenue and profits last year despite inflationary headwinds, the company's CEO told AFP Tuesday.

Racism, discrimination pose 'virulent threat': UN rights chief

In a passionate appeal, the United Nations rights chief decried on Tuesday the impact of racism, discrimination, and violence against women, LGBTQ people and other minorities around the world.

Stocks mostly rise before Fed testimony on US economy

Stock markets mostly rose and the dollar firmed Tuesday as traders awaited more clues on the outlook for US interest rate hikes from the head of the Federal Reserve.

S.African economy sinks below pre-pandemic levels

South Africa's economy tumbled below pre-pandemic levels in the last three months of 2022 as record power shortages hit activity, official data showed Tuesday.

Women deal with added burdens of Turkey's quake disaster

The shelves of the makeshift clinic -- little more than an orange storage container -- offer everything women are too shy to ask for on the streets of Turkey's quake zone.

Pension strike snarls France as unions vow to press protest

Fuel deliveries and public transport were severely disrupted in France on Tuesday as unions kicked off a fresh day of protest against a pensions reform that would push back the retirement age for millions.

Sri Lanka president says China agrees to restructure loans

Sri Lanka's president said Tuesday that China had agreed to restructure its loans to the bankrupt island nation, clearing the final obstacle to a long-awaited International Monetary Fund bailout.

Chinese foreign trade starts new year in a slump

China's exports and imports fell during the first two months of 2023, according to official data Tuesday, hit by sluggish overseas demand, a massive Covid wave and market concerns over rising US tensions.

Most markets rise ahead of Powell testimony, US jobs data

Stock markets mostly rose Tuesday as traders geared up for this week's release of key US jobs data and Federal Reserve chief Jerome Powell's testimony to lawmakers.

Most Asian markets rise ahead of Powell testimony, US jobs data

Asian markets mostly rose Tuesday as traders geared up for this week's release of key US jobs data and Federal Reserve chief Jerome Powell's testimony to lawmakers.

France faces 'standstill' in protests against pensions overhaul

France's trade unions were headed for a crucial face-off with President Emmanuel Macron on Tuesday, with fresh strikes and protests planned against a controversial pensions reform he has championed.

Asian markets rise ahead of Powell testimony, US jobs data

Asian markets mostly rose Tuesday as traders geared up for this week's release of key US jobs data and Federal Reserve chief Jerome Powell's testimony to lawmakers.

UK to unveil latest bid to stop migrants crossing Channel

The UK government will on Tuesday unveil hotly anticipated legislation aimed at stopping migrants crossing the Channel illegally on small boats, banning such arrivals from claiming asylum and promptly deporting them.

Global stocks mixed as China eyes 'around 5%' growth in 2023

Global stocks were mixed Monday ahead of key Federal Reserve congressional testimony as China set a lower-than-expected target for 2023 economic growth.

World Bank halts Tunisia program over president's migrant remarks

The World Bank is pausing talks over its future engagement with Tunisia following anti-immigrant comments made by the country's president, Kais Saied, according to an internal message to staff seen by AFP.

Twitter suffers major outage disabling external links

Twitter on Monday suffered a major outage with users worldwide reporting they could no longer read links to articles from outside websites.

Greek PM asks high court to expedite cases over rail disaster

Greek Prime Minister Kyriakos Mitsotakis on Monday asked the country's Supreme Court to prioritise any criminal cases over last week's deadly train crash and to shed light on what led to the country's worst rail disaster.

Stocks largely gain as rate hike hopes offset muted China outlook

Major stock markets mostly rose Monday, with Paris briefly reaching a fresh record, as traders reacted to indications the Federal Reserve could soon end a policy of hiking interest rates.

Accor co-founder, who brought France US-style hotels, dies at 91

Gerard Pelisson, who co-founded Accor and turned the hotel group into a world leader, has died at 91 after a long illness, his family told AFP on Monday.

Asian markets broadly positive but China shares muted

Asian markets enjoyed healthy gains on Monday over murmurs that the US Federal Reserve may loosen its monetary tightening but stocks in Hong Kong and China were muted after Beijing announced its lowest economic growth target in decades.

'Forget the war': Ukraine ski slope offers respite from conflict

Far from the Ukraine war's frontlines, only the whirring of generator-powered ski lifts disturbs the calm at Bukovel in the country's west, a winter resort nestled in the pine-forested Carpathian Mountains.

Barred from the streets, Cubans mark Women's Day online

Taking to the streets to make your voice heard on International Women's Day is a right taken for granted in most countries. Not in Cuba.

Greek stationmaster charged over rail crash as PM seeks forgiveness

The stationmaster implicated in Greece's deadliest rail crash, which killed at least 57 people, was charged and taken into custody Sunday, hours after the prime minister asked for forgiveness for the disaster.

Sawt Falasteen - Economy (English)