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.

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Sour grapes: Rankings divide a French wine wonderland

When the new rankings of Saint-Emilion wines drop on Thursday, Jean-Luc Thunevin could see the value of his vineyard double overnight, the payoff for years of efforts to meet France's most exacting -- and mystifying -- taste test.

Asian markets mostly rise as bargain-buying offsets fears over outlook

Asian investors squeezed out gains Tuesday as they tried to recover from the previous day's losses, but they remain gripped by fears over Europe's worsening energy crisis, China's economic slowdown and central bank efforts to contain surging inflation.

Belarus exiles find home from home in 'travelling' bar

Tucked under a bridge in downtown Warsaw is a bar like no other. Over the years, Karma has relocated from Belarus to Ukraine and Poland, in the face of repression and war.

Shelling forces Ukraine nuclear plant off grid as Zelensky warns of 'disaster'

The last working reactor at Ukraine's Zaporizhzhia nuclear plant was disconnected from the grid after shelling caused a fire, with the UN's atomic watchdog due to brief the Security Council about the crisis on Tuesday.

Germany puts two nuclear plants on standby in energy U-turn

Germany said Monday it would keep two nuclear plants on standby beyond the end of the year in a policy U-turn, as the shut-off of Russian gas supplies sends Europe scrambling for energy sources.

French rugby boss Laporte's graft trial opens

Bernard Laporte, a towering figure in French rugby, goes on trial on Wednesday on charges of corruption and influence-peddling in a high-profile case making big waves only a year before France hosts the World Cup.

Incoming UK prime minister Truss faces a country in crisis

The UK's new prime minister, Liz Truss, takes power following a "summer of discontent" and as Britons tighten their belts in response to double-digit inflation and soaring energy costs.

New UK PM Truss inherits economy headed for recession

New UK Prime Minister Liz Truss inherits an economy set to enter recession before the end of the year, with double-digit inflation forecast to soar further.

Take the train! French rail boss slams PSG after short-haul hop

French football giants Paris Saint-Germain made light work of their opponents Nantes in an away league game this weekend but then received a volley of criticism for making the relatively short journey to western France by plane.

European stocks, euro tumble as Russia fuels energy crisis

European stocks tumbled Monday and the euro hit a new 20-year dollar low on energy crisis fears, after Russia said it would not restart gas flows to Germany and effectively most of the continent.

Ukraine's winegrower 'closest to the frontline'

Pavlo Magalias has made two equal piles. On the left are remnants of ancient storage jars unearthed in recent years at his vineyard in southern Ukraine, to the right, cluster bombs, dropped since the war broke out.

A ruff deal: Hong Kong exodus sparks surge in abandoned pets

Cassius and Roxie have spent three months at a Hong Kong dog shelter waiting for new owners.

ECB poised for big rate hike in face of record inflation

After raising interest rates for the first time in over a decade at their last meeting, European Central Bank policymakers are poised to deliver another bumper hike on Thursday in a show of determination to tame soaring inflation.

Scandals, Covid, deforestation: Brazil under Bolsonaro

Brazil's first elected far-right president Jair Bolsonaro, dubbed the "Trump of the Tropics," has been accused of letting Covid-19 rage out of control and allowing the Amazon to burn during his controversial first four years at the helm.

'Social' investment strategies under fire in Republican-led US states

Republican-led US states such as Texas and West Virginia are piling pressure on firms including giant asset manager BlackRock for supposedly boycotting oil and gas companies as part of "responsible" investment strategies.

OPEC+ to meet amid economic downturn fears

Faced with recession fears, the OPEC+ countries are expected to agree a modest increase in oil production at a meeting on Monday, with some experts even forecasting a cut to support prices.

War crimes trial in post-WWII Ukraine unveiled at Venice festival

Watching the powerful historical testament to the horrors of war and the depths of human cruelty in "The Kiev Trial" at the Venice Film Festival, it can seem that little has changed.

Norway's future CO2 cemetery takes shape

On the shores of an island off Norway's North Sea coast, engineers are building a burial ground for unwanted greenhouse gas.

Money transfer firms replace banks in crisis-hit Lebanon

Like many people in crisis-hit Lebanon, Elias Skaff used to wait for hours to withdraw cash at the bank but now prefers money transfer companies as trust in lenders has evaporated.

K-pop, K-drama... K-art. Frieze fair lands in Seoul

The art world landed in Seoul this week for the inaugural edition of Frieze in Asia, as the vibrant South Korean capital looks to position itself as the region's next art hub.

NASA will not try new Moon rocket launch attempt in coming days

After scrapping a second attempt to get its new 30-story rocket off the ground due to fuel leak, NASA announced on Saturday it will not try again during its current window of opportunity, which ends early next week.

'Greek tragedy' set in France's neglected suburbs electrifies Venice

Civil war sparks with lightning speed in Romain Gavras' film about riots in Paris' neglected suburbs, but don't ask the director to take sides on the violence plaguing France's tough "banlieues".

Fuel leak delays preparations for NASA rocket launch

As NASA on Saturday resumed its second effort to get its new 30-story rocket off the ground and send its uncrewed test capsule toward the Moon, engineers detected a fuel leak that potentially could lead to a new delay.

NASA Moon launch to attract up to 400,000 visitors

Up to 400,000 visitors are expected to flock to the Florida coast on Saturday, hoping to catch a glimpse -- and hear the roar -- of NASA's rocket launch to the Moon.

West, Russia trade pressure on energy as Ukraine goes on attack

Western powers and Moscow hit back at each other Friday with painful pressure measures on energy as Ukraine said it bombed a Russian base near a nuclear plant that has caused growing concern.

Sri Lanka's deposed ex-leader returns from exile

Sri Lanka's deposed former president Gotabaya Rajapaksa returned to the country Friday, an airport official said, seven weeks after he fled amid the island's worst-ever economic crisis.

Russia halts gas supplies to Germany

Russia has halted gas deliveries to Germany via a key pipeline an indefinite period after saying Friday it had found problems in a key piece of equipment, a development that will worsen Europe's energy crisis.

IAEA chief Rafael Grossi, a diplomat on the frontlines

With his dynamic manner and high-risk visit to Ukraine's Zaporizhzhia nuclear power station, International Atomic Energy Agency (IAEA) Director General Rafael Grossi has been at the centre of recent coverage of Russia's invasion.

Ukraine says bombed Russian base near occupied nuclear plant

Ukraine said on Friday it had bombed a Russian base in the town of Energodar, near the Russian-occupied Zaporizhzhia nuclear plant which is being assessed by United Nations inspectors because of safety concerns.

'Man of the hole' dies, last known survivor of Amazon tribe

For more than 20 years he lived alone in the Brazilian Amazon eating nuts, fruit and game -- a symbol of the struggle of indigenous people who exist in isolation in the rainforest.

Oil slick from cargo ship off Gibraltar reaches shore

Small amounts of oil from a bulk carrier that collided with a gas tanker off Gibraltar has reached the shoreline of the British territory and neighbouring Spain, local officials said Friday.

US hiring slows sharply in August, joblessness rises

American employers slowed the pace of hiring in August after the surprising surge in the prior month and the jobless rate edged up, according to government data Friday, which could offer the central bank some relief that its inflation-fighting efforts are working.

Sawt Falasteen - Economy (English)