Sawt Falasteen - Economy

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Virgin moves closer to launching Eurostar rival in 2030

British group Virgin has been granted track access to run new cross-Channel train services from 2030, the country's rail regulator said Monday, bringing it closer to launching a rival service to Eurostar.

Jason Arday: UK academic who died amid plagiarism storm

Jason Arday, the ex-Cambridge professor found dead amid a growing furore over claims of academic plagiarism and personal life embellishments, rose from humble roots in Britain to be hailed as an academic superstar.

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'We are human beings': Transgender rugby player says ban is punishment

Transgender former rugby player Caroline Layt said she was assaulted by her teammates nearly two decades ago, and now she fears a new generation of players is being punished for being themselves.

UK inflation hits fresh 40-year high

British annual inflation has hit a fresh 40-year high, official data showed Wednesday, further eroding workers' wages and pressuring the Bank of England to keep on raising interest rates.

Sri Lanka bets on casino magnate to revive wrecked economy

Sri Lankan casino magnate Dhammika Perera entered parliament on Wednesday with a mandate to revive the bankrupt island nation's wrecked economy -- working alongside a premier who once accused him of corruption.

Egypt calls for 'reality check' in UN climate talks

Egypt hopes to jump-start the action needed to face a warming world when it takes the presidency of major UN climate talks in November, but warns that countries need a "reality check" as progress stalls.

Iran's oldest pistachio trader readies daughter to one day take over

Tucked away in Tehran's famed Grand Bazaar, Iran's oldest pistachio wholesaler quietly prepares a small revolution -- he will hand his business to his youngest daughter, in a trade dominated by men.

Fish trade's murky waters cloud double murder in Amazon

The pirarucu is one impressive fish: a huge, thrashing Amazonian monster with red-and-black scales the size of serving spoons.

Facebook agrees to safeguards in ad discrimination case

Facebook owner Meta has agreed to change its ad targeting technology and pay $115,000 to settle US government allegations the social media giant allowed discrimination in who saw housing advertisements, authorities said Tuesday.

White House says concerned about recession but US economy strong

The American economy remains strong, a White House economist asserted Tuesday, while acknowledging President Joe Biden's team is concerned about a possible recession.

Elon Musk's child seeks name change in break from dad

A transgender child of Elon Musk has asked a California court to recognize her as female and change her name as part of a new gender identity and to sever ties with the billionaire, records show.

US high court denies Bayer bid to block Roundup weedkiller lawsuits

The US Supreme Court on Tuesday declined to hear a bid from Bayer-owned Monsanto that aimed to challenge thousands of lawsuits claiming its weedkiller Roundup causes cancer -- a potentially costly ruling.

US home prices top $400,000 for first time, crimping May sales

The median US home price broke above $400,000 for the first time, sending existing home sales in May falling for the fourth straight month, according to industry data released Tuesday.

Kellogg pops as it plans spin-off of legacy cereal business

Iconic breakfast food brand Kellogg became the latest US corporate giant to announce a breakup, unveiling plans Tuesday to split into three companies in a move that lifted its share price.

Russia warns Lithuania as Kremlin forces push into Ukraine's Donbas

Moscow on Tuesday warned Lithuania of "serious" consequences over its restriction of rail traffic to Russia's Kaliningrad exclave, as Kremlin forces made gains in Ukraine's strategic Donbas region.

More strike calls cloud summer for European low-cost airlines

Europe's low-cost airlines are facing more strikes this summer as staff in Spain and France announced new walkouts on Tuesday.

Musk says Twitter deal remains deadlocked over fake users

Business magnate Elon Musk said Tuesday that his $44 billion move to take over Twitter remained held up by "very significant" questions about the number of fake users on the social network.

UK hit by biggest rail strike in over 30 years

Rush-hour commuters in the UK faced chaos on Tuesday as railway workers launched the network's biggest strike in more than three decades, forcing people to trek to work on foot, by bike, bus -- or simply not bother at all.

Biggest rail strike in over 30 years hits UK

Rush-hour commuters in the UK faced chaos on Tuesday as railway workers began the network's biggest strike action in more than three decades, with a cost-of-living crisis threatening wider industrial action.

Most markets climb as calm returns after sharp sell-off

Equities rose in most cities Tuesday in Asia as some stability returned to markets after last week's upheaval, but analysts warned of further pain for traders after central bank officials hinted at more interest rate hikes to reel in inflation.

Britain faces biggest rail strike in over 30 years

Britain's railway workers on Tuesday began the network's biggest strike action in more than three decades, as a cost-of-living crisis caused by surging inflation risks wider industrial action.

Sexy lingerie makes post-pandemic comeback

Sexy women's underwear didn't fare too well during the jogging-bottoms-and-pyjamas phase of the pandemic, but from the red carpet to lingerie shows, ultra-sultry intimate apparel is making a comeback -- and is now much more visible.

Brazilian police find boat of murdered British journalist, guide

Brazilian police said Monday they had found the boat in which British journalist Dom Phillips and his Brazilian expert guide Bruno Pereira were travelling before they were killed in the Amazon.

European stocks rise despite recession worries

Europe's main stock markets rebounded on Monday after a mixed Asian session following tumultuous sessions last week over recession fears.

Air industry could fly back into black next year, IATA says

Global air transport is on course to return to profit after two pandemic-battered years but the war in Ukraine and the cost-of-living crisis lurk as threats, the industry's world body said on Monday.

Petrobras CEO quits in fuel price standoff with Bolsonaro

The CEO of Brazil's state-owned oil company Petrobras, who has stayed in his post despite being fired by Jair Bolsonaro in May, resigned Monday after a new fuel price hike that enraged the far-right president.

ConocoPhillips joins Qatar's mega gas expansion

ConocoPhillips on Monday became the first US energy giant to sign up to help Qatar's massive natural gas expansion that has drawn global bidders anxious to assure new supplies.

European stocks aim higher despite recession worries

Europe's main stock markets rose on Monday after a mixed Asian session, as traders set aside recession fears and French political uncertainty.

Strike forces cancellation of all Brussels flights

Brussels Airport cancelled all outbound flights on Monday after most security staff joined a nationwide strike for better pay as soaring inflation hit workers' purchasing power.

Sanctioned Russia becomes China's main source of oil

China ramped up crude oil imports from Russia in May, customs data showed Monday, helping to offset losses from Western nations scaling back Russian energy purchases over the invasion of Ukraine.

Judo helps fight xenophobia in South Africa

In a newly renovated white building in a South African township about 20 children in judogi and others in school uniforms tumble around on a tatami under the watchful eye of a coach.

Men's fashion back to old normal in Paris

It is back to the old ways for men's fashion week, which kicks off in Paris on Tuesday, with the last pandemic-era restrictions cleared and the surprise return of Hedi Slimane of Celine, who had previously called official fashion shows "obsolete".

Air industry recovery gathering pace despite uncertainty: IATA

Air passengers are expected to hit 83 percent of pre-pandemic levels this year and the aviation industry's return to profit is "within reach" in 2023 despite ongoing uncertainty, the International Air Transport Association said on Monday.

Stock markets mixed as recession worries persist

Markets were mixed Monday having pared earlier losses but sentiment continues to be clouded by fears that central bank moves to rein in soaring inflation will induce a recession.

Sawt Falasteen - Economy (English)