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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Sierra Leone delays full switchover to new currency

Sierra Leone is to delay the phaseout of its old currency until next spring, the central bank said.

Stocks extend losses on recession fears

Stock markets fell further on Friday as weak UK retail sales data and a dire warning from global shipping giant FedEx fuelled fears of recession.

Tourists disappointed as Hanoi's 'train street' closes over safety fears

Tourists and cafe owners along Hanoi's "train street" spoke of their disappointment Friday as the hotspot was closed due to safety concerns, just weeks after reopening following a long Covid-19 closure.

French traffic controllers' strike disrupts European air travel

Around 1,000 flights to and from France were cancelled Friday as the country's air traffic controllers went on strike, with their action also causing delays across European airspace.

Prices soaring everywhere: from beans in Brazil to pork in China

Consumers and businesses around the world are facing steeper prices for everything from Mexico's beloved tortillas to the aluminium cans used by beer companies.

Asian stocks lose ground as investors eye Fed decision next week

Asian markets dropped on Friday, tracking Wall Street losses as investors continue to show concern over persistently high global inflation and the likelihood of further interest rate hikes.

Germany seizes Russian energy firm's subsidiaries

Berlin on Friday took control of the German operations of Russian oil firm Rosneft to secure energy supplies which have been disrupted after Moscow invaded Ukraine.

Indonesian gig drivers fear hardship after fuel price hike

Sitting on the side of a Jakarta road anxiously waiting for his phone to ping, driver Muhammad Ridwan says it is now barely worth hurtling through thick smog every day to ferry passengers.

Hong Kongers rush to learn new skills ahead of life abroad

Inside the bowels of a Hong Kong industrial building, Eric Pun was among two dozen people crammed into a classroom learning to drill holes -- acquiring a new set of skills before heading abroad.

Away game: Qatar World Cup looms as money-spinner for Dubai

The United Arab Emirates did not qualify for the Qatar World Cup but it will be a winner anyway if an overspill of fans floods its hotels, restaurants and planes.

Mexico arrests general over disappearance of 43 students

A Mexican army general has been detained in connection with the disappearance of 43 students in 2014, the government said Thursday -- the latest arrest in a case that generated international condemnation.

Large part of Ukraine grain storage lost in war: report

Ukraine has lost nearly 15 percent of its grain storage capacity in the war with Russia, threatening its role as a key food supplier to the world, a new report said Thursday.

Patagonia founder Yvon Chouinard, the reluctant businessman

Yvon Chouinard built an empire with his outdoor gear brand Patagonia, but the nature enthusiast has never done business like anyone else. And now, aged 83, he's just taken his most drastic step: he has decided to give away the company to fight climate change.

Kanye West ends Gap partnership, aims to open own boutiques

Kanye West told Gap on Thursday he was unilaterally severing his partnership with the retail brand and had plans to open his own stores.

Florida governor flies migrants to wealthy Martha's Vineyard

Florida Governor Ron DeSantis took credit Thursday for sending two planeloads of undocumented Venezuelans from Texas to wealthy Martha's Vineyard, Massachusetts, as Republicans play up immigration issues before November midterm elections.

World Bank warns recession risk rising amid higher interest rates

The threat of a global recession is growing as central banks focus on bringing down soaring inflation rates, the World Bank warned Thursday, calling on governments to help boost supply to ease the constraints behind rising prices.

TikTok adds authenticity feature that mirrors BeReal

TikTok on Thursday added an authenticity feature that has been a winner for French app BeReal, taking a page from Meta's playbook by copying a rival.

Florida flies migrants to wealthy Martha's Vineyard

Florida Governor Ron DeSantis took credit Thursday for sending two planeloads of undocumented Venezuelans to wealthy Martha's Vineyard, Massachusetts, as Republicans play up immigration issues before November mid-term elections.

UK probes Microsoft's $69 bn bid for gaming giant

Britain on Thursday announced an "in-depth investigation" into Microsoft's planned $69-billion takeover of US gaming giant Activision Blizzard, citing UK competition concerns.

Indonesia investigating Google over app store payment system

Indonesia has launched an anti-trust investigation into Google over the tech firm's insistence that its payment system be used for purchases from its app store, authorities said Thursday, accusing it of unfair business practices.

Schiphol CEO quits over Amsterdam airport chaos

Amsterdam's Schiphol airport chief executive Dick Benschop announced his resignation on Thursday following months of chaos at one of Europe's largest transport hubs, plagued by long queues and baggage handling issues.

US industrial output dips in August on drop in electricity output

A drop in electric power generation and a modest uptick in manufacturing led to a small decline in overall US industrial production in August, the Federal Reserve said Thursday.

US retail sales see surprise bounce in August

US consumers buying cars and going to restaurants and bars in August drove a surprise bounce in retail sales, even as spending on gasoline fell as prices at the pump dropped, according to government data Thursday.

Europe stocks waver after inflation-driven rout

European stock markets wavered Thursday after recent heavy losses triggered by higher-than-expected US inflation.

Poorest nations to push on compensation at climate talks

The world's poorest countries say they will insist that the UN's upcoming climate talks push ahead with proposals for a fund to compensate vulnerable nations for climate-inflicted damage.

Shell CEO to step down, hand reins to renewables chief

Shell on Thursday announced the exit of chief executive Ben van Beurden as the British oil and gas giant looks to reinvent itself under group renewables boss Wael Sawan.

Ethereum blockchain completes 'monumental' overhaul

Senior figures in the crypto world said on Thursday that one of the biggest software upgrades the sector has ever seen was completed, an overhaul of the Ethereum blockchain aimed at reducing its massive energy consumption.

Shell says CEO stepping down at end of 2022

British energy giant Shell announced Thursday that chief executive Ben van Beurden will step down at the end of the year to be replaced by renewables director Wael Sawan.

Malaysian firm makes surprise bid for Macau gaming licence

A company controlled by Malaysian tycoon and Genting chairman Lim Kok Thay has put in a bid for a casino licence in Macau, a surprise challenge to the decades-long oligopoly of the six incumbent operators.

Fuel prices jump in Kenya after subsidies cut

Fuel prices in Kenya surged to record highs on Thursday after the new government slashed subsidies, piling on misery for a population already facing deep economic hardship.

Ford unveils newest Mustang, extending gasoline-powered life

Ford unveiled Wednesday its seventh-generation Mustang in a brash and boisterous launch event in downtown Detroit that pointed to the staying power of gasoline-powered vehicles.

TikTok search results rife with misinformation: report

TikTok is serving up misinformation to users searching for news about politics, climate change, Covid-19, the war in Ukraine and more, according to a report released Wednesday.

Sawt Falasteen - Economy (English)