Sawt Falasteen - Economy

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Featured

French producer Nicolas Altmayer, Dior PR chief Favier die in car crash

Award-winning French film producer Nicolas Altmayer and Dior PR head Mathilde Favier were killed in a car accident in western France, local authorities said Tuesday.

Germany opens new drone research centre as security threats mount

Germany on Tuesday opened a new drone defence research centre to help combat the growing threat posed by unmanned aerial vehicles after a surge in suspicious sightings over critical infrastructure.

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Germany in 'final discussions' over Uniper nationalisation

German gas company Uniper said Tuesday it was on the brink of being nationalised as Berlin stepped in to prop up the energy sector amid a crisis triggered by the Russian invasion of Ukraine.

Stock markets drop on jumbo Swedish rate hike

Stocks retreated Tuesday as Sweden's jumbo interest rate hike, aimed at tackling inflation, stoked expectations of more increases this week from the US Federal Reserve and the Bank of England.

EU hopes for trade pact with Indonesia within two years

The European Union hopes to strike a free-trade agreement with Indonesia within two years despite disputes with Southeast Asia's largest economy over palm oil and nickel, the bloc's trade commissioner said Tuesday.

Spain's domestic staff fight to end discrimination

For years, Aracely Sanchez went to work without counting her hours, always fearful she could lose her job from one day to the next.

Asian markets see rare rally but caution rules as Fed hike nears

Asian markets enjoyed a much-needed bounce Tuesday, tracking Wall Street's late rally as investors gird themselves for another big Federal Reserve interest rate hike this week, though fears of a recession remain elevated.

Covid curbs leave Hong Kong musicians on their 'last dollar'

A thundering thrash metal riff reverberated through a Hong Kong bar, but the music was being live-streamed from a studio across town to obey pandemic rules that have outlawed small gigs for more than 650 days.

Drought decimates Texas' key cotton crop

On Sutton Page's ravaged cotton fields, there is almost nothing left to pick. The Texas farmer managed to salvage maybe a fifth of his crop, but the rest was lost to the severe drought that has taken a steep toll across the region.

Wall Street ends up thanks to technical rebound and bargain hunt

US stocks closed higher Monday thanks to a technical rebound and bargain-hunting after last week's nightmarish run.

'Grand Theft Auto' maker says game code stolen

Rockstar Games said Monday that data from the next installment in its blockbuster "Grand Theft Auto" franchise was stolen, as glimpses of play spread on social media.

Swiss farmers cook up world's biggest rosti

The world's largest rosti -- the traditional Swiss potato fritter -- was fried up in Bern Monday, shattering the previous record, the Swiss farmer's union (USP) said.

Rate hikes: a double-edged sword for central banks

Central banks worldwide are using aggressive interest rate hikes to lasso galloping inflation, at the risk of pulling down the global economy with it.

Lebanon currency hits new low, sparking protests

The Lebanese pound fell to a new low against the US dollar on the black market Monday as a severe economic downturn has sparked bank hold-ups by angry depositors and anti-government protests.

Switzerland signs contract for 36 US fighter jets

Switzerland signed a controversial contract on Monday to buy 36 US F-35 stealth fighter jets at a cost of more than six billion francs ($6.2 billion).

Scholz to visit Saudi as Germany seeks energy supplies

Chancellor Olaf Scholz will visit Saudi Arabia and meet Saudi Crown Prince Mohammed bin Salman as part of a Gulf trip, his spokesman said Monday, as Germany rushes to secure energy supplies.

With Elizabeth II, 20th century is also laid to rest

The laying to rest of Queen Elizabeth II, whose 70-year reign witnessed the aftermath of World War II, the Cold War and dizzying technological change, marks a further step in a leave-taking with the 20th century.

Markets struggle ahead of another Fed rate hike

Stock markets dropped again Monday, extending last week's rout as investors brace for another big rate hike by the US Federal Reserve that they fear could drag down the global economy.

German central bank sees signs of recession 'multiplying'

The German central bank said Monday it was increasingly likely that Europe's largest economy would shrink for a "prolonged" period as Russia throttled energy supplies to the continent.

Republican movements catch wind in Caribbean after queen's death

Black cloth covers the portrait of Queen Elizabeth II hanging in Antigua's parliament -- a sign of the island's mourning and an unintentional symbol of a possible Caribbean future without the British monarchy.

Asian markets extend losses as traders brace for Fed hike

Asian markets fell Monday as traders extended last week's rout across risk assets, with expectations high that the Federal Reserve will this week announce another outsized interest rate hike.

Fossil fuel reserves contain 3.5 tn tonnes of CO2: database

Burning the world's remaining fossil fuel reserves would unleash 3.5 trillion tonnes of greenhouse gas emissions -- seven times the remaining carbon budget to cap global heating at 1.5C -- according to the first public inventory of hydrocarbons released Monday.

Who's invited to Queen Elizabeth II's funeral -- and who's not

Hundreds of foreign royals and heads of state are expected to attend the funeral of Queen Elizabeth II in London on Monday -- one of the biggest diplomatic gatherings in decades.

Thousands in shelters as 'dangerous' typhoon hits Japan

Thousands of people took refuge in shelters in southwestern Japan on Sunday as powerful Typhoon Nanmadol churned towards the region, prompting authorities to urge over four million residents to evacuate.

Oscars Academy makes amends over 1973 Native American protest

Almost five decades after she refused an Oscar on behalf of Marlon Brando over the treatment of Native Americans by the US film industry, Sacheen Littlefeather was honored Saturday by the Academy of Motion Picture Arts and Sciences.

Steep Fed rate hike seen as certainty after ugly inflation data

The Federal Reserve is poised to unleash another massive interest rate increase this week after the latest data showed a worrying US inflation picture, which confirmed the need for the central bank to continue to act aggressively.

China doubles down on coal as energy crunch bites

China has stepped up spending on coal in the face of extreme weather, a domestic energy crunch and rising global fuel prices -- raising concerns Beijing's policies may hinder the fight against climate change.

Camilla hails Queen Elizabeth, a 'solitary woman' in a man's world

Britain's new Queen Consort Camilla paid tribute Sunday to Queen Elizabeth II for carving her own role as a "solitary woman" in a world dominated by men.

French cycling team flies into storm as men, but not women, go business

The French Cycling Federation on Saturday defended its decision to pay for business seats for male cyclists while its women's team flew economy on the long trip to the World Championships in Australia.

Germany's famed Oktoberfest opens after two-year pandemic hiatus

Oktoberfest, Germany's famed beer festival which draws millions of visitors from around the world, opened Saturday in Munich after a two-year pause due to the coronavirus pandemic.

France sends latest nuclear shipment to Japan

Two ships carrying reprocessed nuclear fuel destined for Japan set sail Saturday morning from northern France, an AFP photographer said, despite criticism from environmental campaigners.

'Are we ready?' Antiguans mull cutting ties with British monarchy

Republican movements may be gaining steam in British realms across the globe, but in the tiny Caribbean paradise of Antigua and Barbuda, residents have decidedly mixed feelings about their leaders' push to break that final link.

Chrissy Teigen reveals 2020 'miscarriage' in fact was life-saving abortion

Model and television personality Chrissy Teigen, who is married to singer John Legend, has revealed that she had an abortion in 2020 to save her life when it became clear her son would not live, not a miscarriage as the couple said.

UK cost-of-living crisis unmoved by queen's death

Many things are on pause while Britain mourns Queen Elizabeth II, but the concerns of shoppers at a popular London market highlighted that the cost-of-living crisis was not among them.

Sawt Falasteen - Economy (English)