Sawt Falasteen - Economy

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Featured

Demonstrators wounded as Portugal police clear housing protest camps

Portuguese police again cleared tents set up by protesters against skyrocketing housing prices overnight Sunday, with organisers criticising the brutality of the officers involved.

Far-right leader Le Pen kicks off presidency tilt in wake of France protests

Marine Le Pen, France's far-right candidate to succeed President Emmanuel Macron in elections in six months, was to give her first campaign speech on Sunday, a day after protests sweeping the country again flared into violence.

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France, Germany firm up ties as European 'driving force'

Germany's Chancellor Olaf Scholz and France's President Emmanuel Macron on Sunday pledged to drive Europe forward together, as the German leader visited Paris to celebrate 60 years of post-war cooperation despite recent strains.

Next New Zealand PM slams 'abhorrent' treatment of Ardern

New Zealand's incoming prime minister Chris Hipkins criticised the "abhorrent" treatment endured by Jacinda Ardern and vowed on Sunday to shield his own family, three days after her shock resignation.

Sudan's prized gum trees ward off drought but workers wither

A vast belt of trees vital for global production of fizzy drinks helps Sudanese farmers adapt to climate change, but in the harsh drylands many are reluctant to take up the trade.

Luxury sector impatient for return of Chinese tourists

The European luxury sector is welcoming the end of pandemic lockdowns in China, as the return of big-spending Chinese tourists could sustain further growth.

US media rocked by layoffs amid economic gloom

From CNN to the Washington Post, US media are facing tough times, as a series of outlets have announced layoffs this winter amid fears of an economic downturn.

'Aquaman' warns Sundance of deep-sea mining peril

He is best known as hunky, sea-dwelling superhero "Aquaman," but actor Jason Momoa brought a stark and sober warning about the perils of deep-sea mining to the Sundance film festival on Friday.

Arizona dismantles shipping container wall on US-Mexico border

A wall of shipping containers installed just a few months ago by the then- governor of Arizona at a $100 million cost to US taxpayers was being dismantled Friday.

A fifth of new cars in California zero-emission in 2022: data

One-in-five new cars sold in California in 2022 was a zero-emission vehicle, the state said Friday, as the largest car market in the United States charges towards its goal of electrifying its fleet.

US charges two for protecting Russian oligarch's super yacht

The US unveiled criminal charges Friday against two men who it said sought to protect sanctioned Russian oligarch Viktor Vekselberg's $90 million superyacht from seizure.

US Fed official favors smaller rate hike in February

There is ample evidence that a steep climb in interest rates has dampened demand and economic activity, suggesting the US central bank can further slow its rate hikes, Federal Reserve Governor Christopher Waller said Friday.

Pressure mounts on embattled India wrestling chief

India's wrestling federation chief on Friday cancelled a press conference meant to reveal a "conspiracy" against him as top athletes, including Olympic and Commonwealth medallists, mounted a third day of protests demanding his resignation over sexual harassment allegations.

US home sales slump for 11th month, log largest annual drop since 2008

Sales of existing homes in the United States have fallen for the 11th straight month, with the past year logging the biggest annual drop since 2008, according to industry data released Friday.

Anglican head 'joyful' about new LGBTQ rules but warns of splits

The Archbishop of Canterbury said he was "extremely joyful" about plans to allow church blessings for same-sex couples, but warned deep divisions existed within the world's Anglican community over the issue.

US man gets suspended sentence for stalking actress Claire Foy

An American man on Friday received a suspended jail term in the UK for stalking "The Crown" actress Claire Foy, on condition he returns to the United States.

US home sales slump for 11th month, slammed by mortgage rates

Sales of existing homes in the United States have fallen for the 11th straight month, as a rough period of limited inventory and high mortgage rates persists, according to industry data released Friday.

Stocks bounce, yen slides tracking inflation fallout

Stock markets rebounded Friday after a rocky week dominated by uncertainty over whether the global economy will suffer recession this year as inflation remains stubbornly high.

Western climate subsidies risk hitting emerging markets: IMF

The head of the IMF warned Friday that Western subsidies to combat climate change and encourage the transition to clean energy sources risked hitting the economies of the developing world.

Why French novelist Colette still matters

She caused a riot when she kissed her lesbian lover on stage and dared to talk about faking orgasms and domestic violence.

Human error caused outage that snarled US airports: regulator

The computer glitch that forced the temporary suspension last week of US domestic airline departures was caused by a contractor mistakenly deleting files, the country's aviation regulator said Thursday.

Plastic pirouettes: Japan's recycled bottle ballet

The dancers' futuristic headgear glints under the lights at a top ballet show, but just two months ago their plastic costumes were sticky bottles tossed into a Tokyo recycling bin.

Most Asian markets up as traders weigh China hope, recession fear

Asian markets mostly ticked higher Friday after a rocky week that saw recession fears return to the fore, offsetting growing hope that China's emergence from zero-Covid will help boost the struggling global economy.

H: the heroin derivative ravaging Ecuador's poor

Shaking and delirious, Rina ambles half-dressed beside a dump in Ecuador's port city of Guayaquil.

Meta says reviewing call to make adult nudity policies more inclusive

Meta was reviewing a call by its oversight board to make its policies on adult nudity more inclusive, a spokesperson said Thursday, after the tech giant removed two Instagram posts showing transgender and non-binary people with their chests bared.

Japan inflation hits four percent in December

Japan's consumer prices rose four percent in December from a year earlier, a level not seen since December 1981, fuelled in part by higher energy bills, government data showed Friday.

Netflix soars to 230 mn subscribers, co-founder steps down

US streaming giant Netflix on Thursday said it ended last year with more than 230 million global subscribers, beating analysts' expectations as hits such as "Wednesday" and "Harry & Meghan" enticed new viewers.

Fed Vice Chair sees high rates 'for some time' to cool prices

Interest rates will need to remain high for some time even as inflation eases, Federal Reserve Vice Chair Lael Brainard said Thursday, vowing the central bank plans to "stay the course" in fighting price increases.

France gripped by strikes, protests against pension reform

Hundreds of thousands took to the streets in France on Thursday to protest a deeply unpopular pensions overhaul, with some demonstrators clashing with police in Paris, as strikes disrupted public transport, schools and much of the civil service.

Pat Cullen: 'tenacious' leader of UK's striking nursing union

In the space of just a few months, Pat Cullen has become the public face of Britain's nurses, whose historic strike has laid bare a health service on its knees.

US takes 'extraordinary' steps to avoid looming default

The US Treasury began taking measures Thursday to prevent a default on government debt, as Congress heads towards a high-stakes clash between Democrats and Republicans over raising the borrowing limit.

EU parliament head publishes list of gifts

The speaker of the European Parliament, Roberta Metsola, has disclosed the many gifts she has received on behalf of the institution in the past year, as the scandal-hit institution seeks to rebuild credibility.

Mixed results at P&G as consumers adapt to higher prices

Procter & Gamble reported a dip in quarterly profits Thursday, following a decline in sales as the consumer products giant offset lower volumes with price increases.

Stocks slide on returning recession fears

Stock markets mostly slid and other major assets including the dollar and oil weakened Thursday after disappointing US data renewed worries about possible global recession this year.

Sawt Falasteen - Economy (English)