Sawt Falasteen - Economy

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Featured

J&K Bank raises accident cover for government employees to ₹1 crore

A five-year agreement expands insurance, disability and family benefits for permanent Jammu and Kashmir government staff while adding loan and banking concessions.

Technical outlook diverges for Bharti Airtel, PFC, REC and Alkyl Amines

Technical analysis sees recovery potential in Bharti Airtel but continuing downside risks for PFC, REC and Alkyl Amines Chemicals.

Last news

Clothes retailer Next shrugs off UK cost-of-living crisis

Shares in UK clothing retailer Next soared to the top of the London market Thursday after it said colder weather boosted purchases despite a cost-of-living crisis caused by sky-high inflation.

McDonald's leaves Kazakhstan over 'supply restrictions'

Fast food giant McDonald's will close its doors in Kazakhstan due to supply restrictions, the local franchise that operates the US chain in the Central Asian nation said Thursday.

Stocks extend solid start to year, oil prices rebound

Stock markets mostly extended the solid start to the year Thursday as China reopens its economy from lockdowns, while oil prices recovered after heavy losses.

Global investors pressure Glencore over coal production

Key investors in Swiss miner Glencore have demanded the company explain how its coal production plans align with global efforts to curb the warming of the planet, shareholders said Thursday.

Chinese take risks on black market drugs as Covid surges

Desperate families searching for critical Covid-19 medication in China, faced with bare pharmacy shelves and an explosion of cases, are being driven into murky online marketplaces rife with price gouging and fraud.

Lazio fans hurl racist abuse at tearful Umtiti in Italy

France international Samuel Umtiti reportedly left the pitch in tears after he and Lecce teammate Lameck Banda suffered racist abuse from visiting Lazio fans in Italy's Serie A on Wednesday.

Amazon to cut more than 18,000 jobs, CEO says

Amazon announced Wednesday it will cut more than 18,000 jobs from its workforce, citing "the uncertain economy" and the fact that the online retail giant had "hired rapidly" during the pandemic.

Japan tuna price soars past $270,000 at New Year auction

The top-selling tuna at Tokyo's traditional New Year auction sold for more than $270,000 on Thursday, nearly double last year's price, breaking a pandemic trend of slumping demand.

Peru hits Spanish energy giant Repsol with new oil spill fines

Peru's environment authorities on Wednesday announced fines worth close to $6 million against Spanish energy giant Repsol over an oil spill that polluted beaches and cost thousands their livelihoods.

Fed officials do not expect US interest rate cuts this year

US central bankers do not expect it will be "appropriate" to start cutting interest rates this year with inflation remaining high, according to minutes of the latest Federal Reserve policy meeting released Wednesday.

Why monitor wastewater of flights arriving from China for Covid?

Several countries have said they will monitor the wastewater from flights arriving in China in response to an explosion of Covid-19 cases across the nation.

GM beats Toyota in US auto sales on strong demand

General Motors overtook Japanese carmaker Toyota in US automobile sales last year, according to company figures released Wednesday, reclaiming the top spot on strong demand after earlier supply difficulties.

US manufacturing sector weakens on easing demand: survey

US manufacturing activity contracted for a second month in December, remaining at the lowest levels since May 2020 as new orders and production slipped, survey data showed Wednesday.

Rate of scientific breakthroughs slowing over time: study

The rate of ground-breaking scientific discoveries and technological innovation is slowing down despite an ever-growing amount of knowledge, according to an analysis released Wednesday of millions of research papers and patents.

Deadly Ukraine strike reveals Russian tech weakness

Russia has blamed the deaths of scores of its soldiers in a New Year missile strike on its troops using unsecured, traceable mobile phones on the battlefield.

Stocks mostly rally but oil slides

Stock markets mostly extended a New Year rally Wednesday but oil prices slid further as investors weighed China's reopening moves against its surging Covid cases.

Shares in troubled Kenya Airways suspended for another year

Trading in Kenya Airways shares has been suspended for another year, the local stock exchange said Wednesday, as the troubled national carrier battles to return to profitability.

Bankrupt Sri Lanka to hold first polls since crisis

Crisis-hit Sri Lanka Wednesday announced its first nationwide elections since its president fled and resigned in the face of widespread protests, in what will be a test of popularity for his successor.

At CES tech mega-show, driverless cars show promise, limitations

Crowds of techies will descend on Las Vegas this week for the annual CES technology mega-show, but one innovation may again fall short of long-held hopes: driverless cars.

Asian markets mixed as traders consider China reopening

Asian markets were mixed Wednesday as investors weighed China's reopening moves against its surging Covid cases, while recession concerns and a drop on Wall Street kept sentiment grounded.

In Iraq, graft helps push property prices out of reach

Iraqi telecommunications worker Youssef Ahmed is married with a five-year-old son, but lives with his parents because he is unable to afford his own home amid soaring property prices.

Egyptians hit by soaring food prices as crisis bites

Public anger has been growing for months in Egypt over a severe dollar crunch and soaring food prices. But for many a money-saving tip from a state body has been the last straw.

US carries out first execution of a transgender person

A transgender woman convicted of murder was put to death late Tuesday in the first such execution in the United States, officials said.

Venezuela receives first European cruise ship in 15 years

Venezuela on Tuesday received its first European cruise ship in 15 years after long being avoided by tourists due to high levels of insecurity and economic turmoil.

Stock markets rally on New Year boost but US equities falter

Global stocks mostly rallied Tuesday thanks to a New Year boost, clouded however by rising interest rates, recession worries and Russia's war on Ukraine.

German inflation drops on gas bill subsidy

German inflation eased in December for a second straight month, preliminary data showed Tuesday, as government interventions helped bring down energy prices.

Stock markets rally on New Year boost

Global stocks rallied Tuesday thanks to a New Year boost, which is clouded however by rising interest rates, recession worries and Russia's war on Ukraine.

Strike-hit UK faces first rail stoppage of 2023

UK rail staff disrupted the New Year return to work on Tuesday in the latest strike action by workers in a range of sectors over the worst cost-of-living crisis in a generation.

France signals flexibility in face of pension reform resistance

The French government said Tuesday it could be flexible on its plan to raise the retirement age to 65, part of a hugely controversial pension reform project pushed by President Emmanuel Macron.

Markets mostly rise at start of new year, but worries persist

Most markets bounced from early losses and the yen hit a seven-month high Tuesday to start the year on a positive note, but ongoing worries about interest rates, China's growth and the Ukraine war continue to dampen the mood.

Turkey's inflation rate slows sharply to 64.3%

Turkey's annual inflation pulled back further in December from a two-decade high, official data showed Tuesday, helping President Recep Tayyip Erdogan's chances in elections due by June.

Troubled China Evergrande pledges to repay debts in 2023

China Evergrande has pledged to repay its debt this year, as the property giant faces a restructuring following Beijing's crackdown on excessive borrowing and rampant speculation in the real estate sector.

Sawt Falasteen - Economy (English)