Sawt Falasteen - Economy

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Featured

Lula win rattles Brazil markets over spending spree fears

The reelection of Brazilian leftist Luiz Inacio Lula da Silva rattled markets on Monday as investors, who had expected a win for his conservative rival, worried about fiscal discipline.

Anthropic unveils IPO filing showing soaring sales and AI risks

Anthropic, one of the world’s leading artificial intelligence companies, on Monday made public its plans to sell shares on the stock market, a significant test of whether the AI boom can deliver profits.

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Stock markets climb on bright US earnings

Major global equities rose Tuesday, with sentiment soothed after Britain shredded its controversial budget and following a series of upbeat US earnings.

Ethiopia says govt forces seize three towns in Tigray

Ethiopia said on Tuesday its forces had seized three towns in war-stricken Tigray in an advance that coincides with UN warnings of a spiralling conflict and an "utterly staggering" toll on civilians.

Goldman Sachs reports lower profits, unveils reorganization

Goldman Sachs reported lower profits Tuesday on a big drop in revenues tied to corporate merger advising, but the firm still topped analyst expectations on strong trading revenues.

Who could replace UK's under-fire premier Liz Truss?

UK Prime Minister Liz Truss has vowed to lead Britain's Conservatives into the next election -- due within two years -- but after a disastrous six weeks in Downing Street many doubt she will remain leader long.

Alyssa Milano: women 'refusing to be silenced' since MeToo

Five years after lighting the fuse of MeToo, US actor Alyssa Milano says she is delighted with the way women are "refusing to be silenced".

'Hey Buddha': Japan researchers create AI enlightenment tool

What is the meaning of happiness? Why not ask AI Buddha, a tool made by Japanese researchers that brings spiritual guidance from ancient scriptures to your smartphone.

Australian sports stars revolt over mining, fossil fuel sponsorships

Stars from two of Australia's favourite sporting codes are pushing back against lucrative energy and mining sponsorship deals, with cricket captain Pat Cummins leading the charge on Tuesday.

UK PM Truss battles to stay in power after tax reforms trashed

British Prime Minister Liz Truss on Tuesday battled to stabilise her position after an economic crash forced her into humiliating U-turns on tax reforms, putting her future as leader in doubt.

Stocks, sterling extend gains after UK budget U-turn

Equities rose with sterling Tuesday after the UK government scrapped a controversial debt-funded mini-budget that had roiled markets, while traders were also cheered by a broadly positive start to earnings season.

Taiwan's Foxconn unveils more electric vehicle prototypes

Taiwanese tech giant Foxconn unveiled two more electric vehicle prototypes on Tuesday, including a pickup truck, as it said commercial production on two other designs would start later this year.

Mountainous Lesotho finds gold in trout fish farming

It's harvest time in Lejone, a small village nestling in mountains in southern Africa more than two thousand metres above sea level.

Australia backs plan for intercontinental power grid

Australia touted a world-first project Tuesday that could help make the country a "renewable energy superpower" by shifting huge volumes of solar electricity under the sea to Singapore.

France prepares for major disruptions as unions call transport strike

France was preparing for a day of major disruptions on Tuesday after unions called a nationwide transport strike as they remain in deadlock with the government over walkouts at oil depots that have sparked fuel shortages.

Asian markets up, sterling holds gains after UK budget U-turn

Equities mostly rose and sterling held on to its gains Tuesday after the UK government scrapped a controversial debt-funded mini-budget that had roiled markets, while traders were also cheered by a broadly positive start to earnings season.

Global broadcasting icon BBC turns 100

Global media giant the British Broadcasting Corporation (BBC) celebrates turning 100 on Tuesday with one eye on its illustrious past and another on its uncertain future.

UK PM Truss 'sorry' for economic 'mistakes' but vows to stay on

Embattled UK Prime Minister Liz Truss on Monday apologised for going "too far too fast" with reforms that triggered economic turmoil, but vowed to remain leader despite a series of humiliating climbdowns.

Chemical hair straighteners may cause uterine cancer: study

Women who frequently use chemical hair straightening products could face more than twice the risk of uterine cancer compared to those who never use them, according to a new study published Monday.

Scholz extends life of Germany's remaining nuclear plants

Chancellor Olaf Scholz on Monday ordered all three of Germany's remaining nuclear power plants to stay operational until mid-April, breaking an impasse that had caused a rift among his coalition partners as an energy crisis looms.

Woman charged in Paris over 12-year-old's brutal murder

Paris investigators on Monday charged a woman suspected of raping and murdering a 12-year-old girl whose body was found in a trunk on Friday, a source close to the case told AFP.

Stellantis CEO says group may end China production

Car giant Stellantis may stop building vehicles in China, chief executive Carlos Tavares said Monday, citing building tensions with the West as a deterrent to investment there.

Ethiopia vows to seize airports in Tigray despite peace pledge

Ethiopia's government on Monday vowed to seize control of airports and other sites in Tigray, while at the same time reiterating a commitment to peace talks, as international alarm mounted over fighting in the war-torn region.

UK axes 'almost all' budget tax cuts in humiliation for Truss

The British government on Monday axed almost all of its debt-fuelled tax cuts unveiled last month to avert fresh markets chaos, in a humiliating climbdown for embattled Prime Minister Liz Truss.

Paris police question two over 12-year-old's brutal murder

Paris investigators were on Monday questioning a woman and a man suspected of raping and murdering a 12-year-old girl whose body was found in a trunk on Friday.

BP to buy US renewable gas firm for $4.1 bn

BP has agreed to buy US renewable gas producer Archaea for $4.1 billion to help the British oil giant reach net zero carbon emissions by 2050, the pair said Monday.

Britain junks budget tax measures as Truss hangs by thread

Britain's new finance chief Jeremy Hunt on Monday axed debt-fuelled tax cuts to further calm market turmoil, in another major government U-turn that appears to leave Liz Truss's position as prime minister in a precarious state.

China delays release of economic data during key political meeting

China said Monday it will delay the release of economic growth figures, as the country's leadership gathers for a meeting set to hand President Xi Jinping a historic third term in office.

France braces for nationwide strike amid fuel shortage tensions

France on Monday braced for nationwide transport strike actions as the government and unions remained in deadlock over stoppages at oil depots that have sparked fuel shortages.

Hungry elephants, Cameroon farmers struggle to coexist

Banana growers on the edge of a giant national park on Cameroon's Atlantic coast say they can take no more crop destruction from hungry elephants as the conflict between man and animal escalates.

Markets mixed after Wall St losses as sterling bounces

Equities were mixed Monday following a selloff on Wall Street as last week's rally ran out of steam on worries about rising interest rates and surging inflation.

Portugal bets all on renewables after abandoning coal

As the UN steps up calls to make the switch to renewable energy to fight the global climate emergency, Portugal is among the first European Union countries to abandon coal.

Asian markets track Wall St losses but sterling bounces

Asian equities dropped Monday, tracking a selloff on Wall Street as last week's rally ran out of steam on fresh worries about rising interest rates and surging inflation.

Green future is cause for worry in S.Africa's coal belt

Miner Thokozani Mtshweni, 37, looks spent as he readies for a 12-hour shift huddled under a carport shelter to avoid the scorching sun. He fixes his belt weighed down by an oxygen tank and gas detecting tools.

Sawt Falasteen - Economy (English)