Sawt Falasteen - Economy

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Featured

Beleaguered FIFA chief Infantino rids himself of critic Lamour

Embattled FIFA president Gianni Infantino will hope the departure of Kevin Lamour does not spark damaging revelations from the former chief operating officer of world football's governing body.

Crude extends gains, most stocks drop as Mideast hopes dim

Oil prices extended gains and Asian stocks mostly fell on Tuesday as a US-Iran deal to reopen the Strait of Hormuz remained distant, a day after the deadline for a truce expired.

Last news

Lessons learned: Sweden's pioneering for-profit 'free schools' under fire

In a Stockholm suburb, the Drottning Blanka secondary school premises look more like an office space than your traditional red-brick institution with a schoolyard and gymnasium.

Eyeing tourism boom, Saudi scrambles to train hotel staff

Under the watchful eye of an instructor, Munira al-Rubaian spreads fresh bed linen in a mock hotel room in the Saudi capital, aiming to land a job in the desert kingdom's growing tourism sector.

Human development set back 5 years by Covid, other crises: UN report

A United Nations report published Thursday argues that an unprecedented array of crises, chiefly among them Covid-19, has set human progress back five years and fueled a global wave of uncertainty.

ECB to match historic inflation with bumper rate hike

European Central Bank policymakers could reach for a historically large interest rate hike at their meeting on Thursday as they seek to tame soaring inflation.

Spielberg off to Toronto as film festival hails LGBTQ 'breakthrough year'

Steven Spielberg will lead a host of Hollywood A-listers across the border to Toronto this week for North America's biggest film festival, which organizers say will celebrate a breakthrough year for LGBTQ cinema.

'Help wanted': businesses struggle to fill jobs

Germany has a shortage of plumbers. The United States needs more postal workers. Australia is lacking engineers. In Canada, hospitals are looking for more nurses.

Jakarta's 'zombie' train confronts traffic apocalypse

In a city known for monstrous traffic, "zombies" are rising up in a scary bid to get more people to use public transport.

Countries growing 70% of world's food face 'extreme' heat risk by 2045

Blistering crop-withering temperatures that also risk the health of agricultural workers could threaten swathes of global food production by 2045 as the world warms, an industry analysis warned Thursday.

Energy majors exaggerating green performance: analysis

Energy majors are exaggerating their green credentials in public messaging while continuing to allocate the majority of new investment to oil and gas projects, according to an industry analysis released Thursday.

New malaria vaccine results raise hopes of mass rollout

A booster dose of a new malaria vaccine maintains a high level of protection against the disease, researchers said Thursday, expressing hopes the cheap jab could be produced on a massive scale in a matter of years.

Apple unveils new gadgets despite supply chain woes

Apple launched new smartphones Wednesday at prices similar to recent models despite inflation and supply chain woes, while unveiling a premium digital watch with a price tag to match.

British cinema chain Cineworld files for US bankruptcy

Britain's Cineworld, the world's second biggest cinema chain, announced Wednesday that it has filed for bankruptcy protection in the United States as it seeks to restructure after facing low audience numbers.

Truss to move teenage daughters and husband into Number 10

The UK's new prime minister Liz Truss will move her family to 10 Downing Street, including two teenage daughters who will have to get used to living in one of the country's most famous homes -- or at least using it for sleepovers.

UK's new PM vows imminent action on energy crisis

At her first parliamentary grilling as British prime minister, Liz Truss on Wednesday confirmed plans to stem huge rises in the cost of energy that threaten to plunge her new government into a winter of discontent.

Putin says Ukraine grain deal mostly helping rich EU

Russian President Vladimir Putin said Wednesday that "almost all" the Ukrainian grain shipped under a UN-backed deal to ease a global food crisis was reaching rich European nations and accused the West of deceiving developing countries.

US trade gap drops sharply in July on lower imports

A steep drop in imports, especially of consumer goods, narrowed the US trade deficit in July to its lowest level since October, the government reported Wednesday.

Finnair to slim down as Russian airspace closure hits profits

Finnish airline Finnair unveiled Wednesday a new strategy to cut costs, including trimming its fleet, as the closure of Russian air space erodes profitability.

Putin says Ukraine grain going to EU, not developing world

Russian President Vladimir Putin said Wednesday the grain leaving Ukrainian ports after a blockade that fuelled a global food crisis was mostly reaching Europe instead of developing nations and questioned the merits of the deal.

UK PM rules out windfall tax to fund energy price freeze

Liz Truss on Wednesday faced her first parliamentary grilling as British Prime Minister, ruling out a windfall tax to fund any freeze on energy bills to offset huge rises in the cost of gas and electricity.

UK PM hopes for 'negotiated solution' with EU to N.Ireland row

New UK Prime Minister Liz Truss on Wednesday said she hoped talks with the EU could help resolve a dispute over post-Brexit trade in Northern Ireland.

Yen extends slide, oil rises tracking central banks and Putin

The yen slumped to a 24-year low against the dollar and shed more than one percent versus the euro Wednesday as Japan refuses to hike interest rates to combat sky-high inflation.

Dollar rallies, stocks sink as traders prepare for big rate hikes

The dollar surged Wednesday against other major currencies and equities sank after a forecast-beating US economic report gave new life to talk of a third straight blockbuster interest rate hike next month.

El Salvador marks 1st year of Bitcoin use as confidence wanes

A year ago, El Salvador began accepting Bitcoin as legal tender following a controversial and much criticized decision by President Nayib Bukele.

China export growth slows sharply in August: official data

China's export growth slowed significantly in August, customs authorities said Wednesday, as economic uncertainty is exacerbated by strict Covid-19 lockdowns across the country.

Real life, right now -- photo app claims to capture authenticity

It's not all sunsets and selfie smiles -- people are flocking to a new social network app that calls on users to share true glimpses of their lives rather than cherry-picked moments.

Search on for people missing from Venezuelan religious retreat

Family members have joined the search for nearly two dozen people reported missing after going on a religious retreat in Venezuela two weeks ago, civil protection authorities said Tuesday.

Brazil fines Apple $2.4 mn, prohibits sale of iPhone without charger

Apple has been barred from selling iPhones without a charger in Brazil and fined more than $2 million over the issue, the government said Tuesday, after accusing the US tech giant of "discriminatory practices."

Juul agrees to pay $438 mn in US over marketing vapes to youth

Juul Labs will pay $438.5 million to settle a probe by 34 US states that found the vaping company marketed to underage smokers, state officials announced Tuesday.

Kwasi Kwarteng: ultraliberal heading UK Treasury

Britain's new finance minister Kwasi Kwarteng takes on the heavy task of trying to steer the country through a cost-of-living crisis and probable recession.

Dollar weighs on yen and euro

The euro and yen sunk new multi-year lows against the dollar on Tuesday as investors focused on central bank efforts to contain surging inflation and fears of an economic slowdown.

100% compostable coffee balls bid to take on Nespresso

Switzerland's biggest retailer launched a new coffee machine invention on Tuesday -- fully compostable coffee balls which it hopes will shake up the global market and take on Nespresso's global dominance.

Uganda bans 'immoral' festival linked to sex, drugs, LGBTQ

Uganda's parliament on Tuesday slapped a ban on a popular music festival, the second time that authorities have taken steps against the annual event over accusations that it promotes sex, drugs and homosexuality.

Sawt Falasteen - Economy (English)