Sawt Falasteen - Economy

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Featured

Amboss Opens Affiliate Program: Earn Recurring Bitcoin Commissions by Growing Bitcoin Payments

Amboss Technologies today launched the Amboss Affiliate Program, an open invitation to anyone who can introduce businesses to lower-cost, chargeback-free payments while expanding the Bitcoin payments network.

Pentagon inks Tomahawk deal amid reports of missile shortfall

The Pentagon announced a $22.9 billion contract with Raytheon on Monday for Tomahawk missiles amid reports of a shortfall due to the war with Iran.

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Ukraine enlists public in push for high-tech 'Army of Drones'

In an undulating expanse of grassland at the city limits, a pick-up truck kicks up dust as it hurtles downhill, its passengers belting out the theme to 1980s hit comedy "Police Academy".

Biden takes off on historic flight to Saudi Arabia

President Joe Biden departed Tel Aviv on Friday aboard a historic direct flight from Israel to Saudi Arabia, the latest stop on his first Middle East tour as US leader.

In West Bank, Biden says Palestinians need to see 'political horizon'

US President Joe Biden said during a trip to the occupied West Bank on Friday that Palestinians need to see a path towards statehood, even if hopes for a peace process with Israel remain bleak.

Western nations condemn Russia over Ukraine at G20 Indonesia talks

Western finance chiefs condemned Moscow's invasion of Ukraine at G20 talks in Indonesia Friday, accusing Russia of sending a "shockwave" through the world economy and its technocrats of complicity in the war's alleged atrocities.

Europe stocks rise before US earnings

European equities rose Friday as traders awaited the latest US bank results at the end of yet another volatile week for markets.

Search operations continue after deadly Russian strikes on Ukraine's Vinnytsia

Ukrainian rescuers on Friday continued search operations in the central city of Vinnytsia, where Russian strikes killed at least 23 people, including children.

Biden meets Palestinian leader ahead of Saudi visit

US President Joe Biden met Palestinian leader Mahmud Abbas in the occupied West Bank on Friday for talks expected to focus on economic measures without striking any major diplomatic breakthrough.

US, Canada condemn Russia's war on Ukraine at Indonesia G20 talks

Western finance ministers condemned Moscow's invasion of Ukraine at G20 talks in Indonesia Friday, accusing Russian officials of complicity in atrocities committed during the war.

UK owes apology for 'grave wrong' of forced adoptions: inquiry

Britain should formally apologise to unmarried mothers who were forced to give up their babies for adoption, according to an official report Friday that gave harrowing detail of the anguish suffered by the women.

China growth falls to two-year low on Covid, property woes

China logged its slowest economic growth since the initial Covid outbreak Friday, expanding just 0.4 percent in the second quarter with lockdowns and property market weakness pushing the government's target further out of reach.

China growth at two-year low over Covid, property woes

China logged its slowest economic growth since the initial Covid outbreak, official data showed Friday, expanding just 0.4 percent in the second quarter with lockdowns and property market weakness nudging a government target further out of reach.

Sri Lankans await formal resignation after president flees

Sri Lankans waited Friday for a formal announcement confirming their president had resigned after he fled to Singapore to escape anti-government protests triggered by his country's dire economic crisis.

China growth slumps to 0.4% in second quarter: official

China's economy grew just 0.4 percent in the second quarter, a two-year low, official data showed Friday, with Covid lockdowns and an embattled property market nudging a government target further out of reach.

Airlines' fragile recovery from Covid

Airlines are recovering from huge Covid fallout but face fresh turbulence from rocketing inflation while airports battle to cope with booming demand.

Aviation buzzing for return of Farnborough airshow

Aviation's biggest players descend on the renowned Farnborough airshow next week, buoyed by the travel sector's nascent recovery from the Covid pandemic and as Russia's invasion of Ukraine boosts defence spending.

Omanyala heads to world athletics as organisers cope with US visa issues

Africa's fastest man Ferdinand Omanyala on Thursday secured a last-minute visa to travel to the United States for the World Athletics Championships although he will have to start his 100m campaign just hours after arriving.

Mexican sex workers fight injustice with the pen

Paloma Paz puts on a wig and pink heels before heading onto Mexico City's streets for sex work -- a precarious profession that she combines with journalism to decry injustices.

No bed of roses for Ecuador's flower industry

The pandemic, the war on Ukraine, and more than two weeks of ruinous protests over soaring living costs -- Ecuador's flower industry has recently had to surmount one obstacle after another.

G20 finance chiefs meet as Indonesia warns of energy, food catastrophe

Group of 20 finance ministers and central bank chiefs from top economies met in Indonesia Friday for talks on the fallout from Russia's invasion of Ukraine, with the host warning them failure to tackle energy and food crises would be catastrophic.

Saudi opens airspace to 'all carriers' in gesture to Israel

Saudi Arabia announced Friday it was lifting restrictions on "all carriers" using its airspace, an apparent gesture of openness towards Israel ahead of US President Joe Biden's arrival.

US says no restrictions on farm equipment to Russia

The United States said Thursday that it would not bar the sale of farm equipment to Russia, again denying Moscow's allegations that Western sanctions -- not its invasion of Ukraine -- are causing the global food crisis.

Global stocks mostly fall on latest troubling inflation figures

Stock markets mostly retreated Thursday as fresh evidence of runaway global inflation ramped up expectations of more aggressive interest rate hikes by central banks, while disappointing earnings revived recession fears.

Ukraine war to dominate G20 finance chief meeting in Indonesia

Group of 20 finance ministers and central bank chiefs from top economies will meet in Indonesia Friday for talks on the fallout from Russia's invasion of Ukraine, which has roiled markets, spiked food prices and stoked breakneck inflation.

Donald Trump's first wife Ivana dies aged 73

Ivana Trump -- Donald Trump's first wife and mother of his three eldest children -- has died at the age of 73, the former president announced Thursday.

Fed official signals willingness to hike interest rates full percentage point

US Federal Reserve Governor Christopher Waller signaled Thursday he may support a full percentage point interest rate hike this month -- the biggest increase in more than 30 years and a further indication of the central bank's determination to crush sky-high inflation.

Street party draws curtain on Sri Lanka's Rajapaksa era

Exhausted and drained after nearly 100 days of protests, a small crowd gathered its remaining strength Thursday to celebrate the resignation of Sri Lanka's leader at the seaside headquarters of their campaign to oust him.

New chief at Libya's key oil firm, US warns against confrontation

Libya's government replaced the head of the key National Oil Corporation on Thursday in a dramatic move that prompted the United States to warn against any "armed confrontation" over the sector.

Sri Lanka president submits resignation from Singapore: official

Sri Lanka's president submitted his resignation Thursday shortly after reaching Singapore, the parliamentary speaker's office said, days after the head of state fled protests triggered by his country's worst-ever economic crisis.

Stocks, oil drop on fresh inflation spikes

Stock markets mostly retreated Thursday as fresh evidence of runaway global inflation ramped up expectations of more aggressive interest rate hikes by central banks.

UN urges Africa to swap commodities for tech

The UN's trade body on Thursday said African economies were vulnerable to a triple shock as it urged governments to pave the way for tech startups that would ease dependence on commodities.

Outage hits Twitter service in US, Europe

Twitter experienced a widespread but seemingly brief outage in the United States and parts of Europe on Thursday -- fresh turbulence for the firm locked in a buyout battle with Elon Musk.

JPMorgan Chase reports lower profits, gives cautious economic outlook

JPMorgan Chase reported a drop in second-quarter profits on Thursday, reflecting the impact of a weakening macroeconomic outlook that led it to set aside funds in case of bad loans.

Sawt Falasteen - Economy (English)