Sawt Falasteen - Economy

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Featured

Southern African mothers plead for sons lured to Russia's war

Instead of celebrating her son's birthday this month, Zimbabwean mother Rodwin Chitewere spent the day praying for his body to be brought home from Russia, where he was reportedly killed fighting Moscow's war against Ukraine.

Campaigns kick off in Nigerian presidential race

Campaigning kicks off in Nigeria Wednesday, five months ahead of elections set to be dominated by crushing inflation and President Bola Tinubu's economic reforms.

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Bong! Big Ben's back in Britain

Getting up close to Big Ben requires earplugs, and ear defenders over them to be safe. When the 13.7-tonne bell sounds, the vibration hits you in the chest.

Asian shares surge as investors cheer slower US inflation

Asian markets surged on Friday after a bumper session on Wall Street as lower US inflation dimmed expectations of more aggressive Federal Reserve rate hikes.

Hurricane causes only minor damage to Artemis rocket

After initial visual inspections, NASA said on Thursday that its new mega moon rocket apparently suffered no major damage after Hurricane Nicole hit Florida.

Powerful Murdoch media dumps on Trump

The powerful media empire of conservative billionaire Rupert Murdoch appeared to turn its back on Donald Trump Thursday, labelling the former president a "loser" who shows "increasingly poor judgement" after the midterm elections.

E-cig giant Juul secures funds to avoid bankruptcy

American e-cigarette firm Juul Labs has secured financing to stay afloat but confirmed job cuts, it said in a statement Thursday, while dealing with a dispute on whether its products can remain on market.

Changpeng Zhao, the undisputed king of crypto

At parties, on stages and in meetings, Changpeng Zhao is rarely seen without his black polo shirt, emblazoned with the insignia of his crypto firm Binance.

Stocks rally, dollar slumps after US inflation slows

Stocks rallied while the dollar slumped against rival currencies after a drop in inflation dimmed expectations of more aggressive Federal Reserve rate hikes.

ArcelorMittal net profit plummets

ArcelorMittal, the world's number-two steel maker, saw its net profit tumble by 78 percent in the third quarter of 2022 as metal prices fell from "exceptional" levels during the post-Covid recovery and energy prices soared.

Lashing out at Italy, France allows Ocean Viking to dock

France said Thursday that it would allow a rescue ship carrying more than 200 migrants to dock on its southern coast and disembark its passengers, harshly criticising Italy for failing to take them in.

Stock markets drop before US inflation

Stock markets mostly fell Thursday looking ahead to key inflation data in the United States and as traders digested the country's inconclusive midterm election results as well as a cryptocurrency crisis.

French star Christine and the Queens back with new name, gender

One of France's biggest breakthrough musicians of recent years, best-known as Christine and the Queens, returns this week with not just a new album but a new name: Redcar.

Hospital waiting lists in England hit record highs

The number of people waiting to receive treatment in England's state-run health service has hit at an all-time high of 7.1 million people, official figures showed Thursday.

AstraZeneca returns to profit on higher drugs revenue

British pharmaceuticals giant AstraZeneca on Thursday announced a return to third-quarter profit on increased revenue from sales of its drugs.

Wrong bank: Villagers split by river from Ukraine's advance

Russia ordered its troops to abandon the Dnipro river's west bank only hours after Yevgen Gamiy had another lucky escape from incoming fire on its east.

Latest London Underground strike paralyses network

Millions of Londoners faced travel misery on Thursday as another strike by Underground staff shut down most of the network, including almost all lines and city centre stations.

Asian, European stocks down as US midterms worry markets

Asian stocks fell on Thursday after inconclusive US midterm election results and a cryptocurrency crisis hammered markets.

Nightmare Atlantic oil spill 'could happen again'

It was one of Europe's worst-ever environmental disasters.

Apple limits file-sharing for Chinese iPhone users after anti-govt protest

Apple limited file-sharing for Chinese iPhone users Thursday, a month after reports that anti-government protestors used the function to share digital leaflets with strangers.

Asian stocks down as US midterms worry markets

Asian stocks fell on Thursday after inconclusive US midterm election results and a cryptocurrency market in shambles left Wall Street and European markets in a sea of red.

Matchfixing sleuths driven by cheating on the rise

Sports matches arousing suspicions of being fixed globally are on course to break the thousand mark this year but if the matchfixers believe they are in for an easy ride they should think again.

Paul Allen's art collection tops $1 bn at Christie's

Paintings and sculptures from the collection of late Microsoft co-founder Paul Allen were auctioned off for a historic $1 billion Wednesday, Christie's auction house said, with records set for works by Van Gogh, Cezanne, Gauguin, Seurat and Klimt.

Asian stocks down after US midterms turn global markets red

Asian stocks started down on Thursday after inconclusive US midterm election results and a turbulent cryptocurrency market left Wall Street and European markets in a sea of red.

Indigenous film bringing cross-border Amazon tribes together

In Colombia's Amazon jungle, indigenous people of different nations, ethnicities and languages have come together to find a single voice in cinema to tell their own stories, rather than let outsiders do it.

US stocks tumble as market digests election results, crypto upheaval

Global stock markets fell Wednesday, with key New York indexes ending in a sea of red as traders grappled with inconclusive US election results and upheaval in the cryptocurrency market.

Musk 'kills' new Twitter label, hours after launch

Twitter on Wednesday unveiled -- and then almost immediately scrapped -- a new gray "official" label for some high-profile accounts as Elon Musk struggles to revamp the highly influential platform following his $44 billion buyout.

Twitter unveils 'official' label for top accounts

Twitter on Wednesday unveiled a new gray "official" label for certain accounts as it revamps the highly influential platform following Elon Musk's buyout.

Schumacher Ferrari fetches record $13 mn at auction

The Ferrari in which Formula One legend Michael Schumacher won the 2003 World Championship title sold for more than $13 million at auction in Geneva on Wednesday.

Africa renewable energy investment at 11-year low: research

Investment in renewable energy in Africa fell to its lowest level in more than decade last year despite the continent's huge potential, experts said Wednesday at the COP27 climate conference.

Stocks slide on China, US midterms

Global stock markets fell Wednesday following weak Chinese data and as traders assessed results of US midterm elections.

Strikes flare in Europe as cost of living spirals

European workers squeezed by the soaring cost of living went on strike in Belgium and Greece on Wednesday, with stoppages threatening to paralyse parts of Britain, France and Spain in coming days.

Facebook owner Meta to lay off 11,000 staff

Facebook owner Meta will lay off more than 11,000 of its staff in "the most difficult changes we've made in Meta's history", boss Mark Zuckerberg said on Wednesday.

Tata Motors extends losses on chip woes, weak exports

India's Tata Motors announced a seventh consecutive quarter of losses Wednesday as chip shortages and weak demand in export markets hurt sales.

Sawt Falasteen - Economy (English)