Sawt Falasteen - Economy

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Featured

Delhi grants minimum monthly pay and DA to about 4,000 MCD health workers

In a Diwali bonanza, the Delhi government said around 4,000 public health workers employed by the Municipal Corporation of Delhi (MCD) will receive a minimum monthly salary of ₹18,000, along with dearness allowance (DA), under the principle of equal pay for equal work.

Critical coal inventories affect nearly half of India’s domestic power plants

Nearly half of domestic coal-based (DCB) power plants have critically low coal stocks, highlighting supply-side pressures against a backdrop of sustained electricity demand.

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New president Ruto pledges to work for all Kenyans

William Ruto pledged to work for all Kenyans after he was sworn in as president at a pomp-filled ceremony on Tuesday, five weeks after his narrow victory in a bitterly-fought but largely peaceful election.

Twitter ex-security chief tells US Congress of security concerns

Twitter whistleblower Peiter Zatko told the US Congress on Tuesday that the platform ignored his security concerns, as its shareholders decide whether to approve a $44 billion takeover deal that Elon Musk is trying to exit.

World in 'wrong direction' as climate impacts worsen: UN

Humanity is "going in the wrong direction" on climate change due to its addiction to fossil fuels, the UN said Tuesday in an assessment showing that planet-warming emissions are higher than before the pandemic.

US annual inflation eased in August - but likely not enough

US annual inflation slowed in slightly in August, largely thanks to falling gasoline prices -- but likely not enough to satisfy the Federal Reserve and President Joe Biden, as high prices continue inflicting pain on Americans.

Major UK port set for fresh eight-day strike

Workers at Britain's largest container port, Felixstowe, are to strike for a further eight days, union bosses announced Tuesday, as the country suffers a cost-of-living crisis.

French cinema giant Jean-Luc Godard dies aged 91

Jean-Luc Godard, one of the most influential filmmakers of the 20th century and the father of the French New Wave, died "peacefully at home" on Tuesday aged 91, his family said.

Stocks climb, dollar down before US inflation data

Stock markets rose slightly and the dollar extended recent losses Tuesday with all eyes on the latest US inflation print.

Ruto sworn in as Kenya's president after divisive poll

William Ruto was sworn in as Kenya's fifth post-independence president at a pomp-filled ceremony on Tuesday, after his narrow victory in a bitterly-fought but largely peaceful election.

Serbian LGBTQ community rallies after govt threatens EuroPride

Despite being openly gay, Vedran was never interested in taking part in the annual Pride march in Belgrade. But that changed after the Serbian government threatened to cancel an upcoming pan-European LGBTQ event.

Luxury brands drop Chinese star held for hiring sex workers

Global brands including Prada and Remy Martin have cut ties with Chinese superstar Li Yifeng, after the actor was detained for soliciting sex workers.

'Succession' and 'Squid Game' big winners at television's Emmys

Dysfunctional family saga "Succession" on Monday took top honors for best drama at the Emmys, television's biggest night of the year, as "Squid Game" made history when Lee Jung-jae was named best actor, a first for a non-English-language performer.

William Ruto: Kenya's 'hustler-in-chief' president

Incoming Kenyan president William Ruto has clawed his way to the top as the nation's "hustler-in-chief", playing on his religious faith and humble beginnings selling chickens by the roadside.

Emmys goes glitzy as Hollywood awards are back in person

Television honored its biggest stars in Los Angeles on Monday with a gowns-and-tuxedos Emmys gala, back at full strength for the first time in the age of Covid-19.

Florists prepare for soaring sales ahead of queen's funeral

Flower sales are set to blossom for the state funeral of Queen Elizabeth II next week, as Britons rush to pay respects across the country.

Tokyo stocks open higher tracking US gains

Tokyo stocks opened higher on Tuesday, tracking gains on Wall Street, as investors priced in the expectation of further interest rate hikes to tame inflation.

US inflation likely eased in August -- but not enough

US inflation likely slowed in August, largely thanks to falling gasoline prices, but not enough to satisfy policymakers, especially President Joe Biden, as high prices continue to inflict pain on American families and businesses.

Ukrainians urge US to ramp up support before winter

A group of Ukrainian civil society leaders on Monday called sweeping electricity cuts part of a Russian strategy and urged the United States to ramp up support to maximize recent gains before winter.

Cuba factory that rolled Castro's cigars still strives for 'the perfect puff'

Seated before a machine that checks cigar quality, Orquidea Gonzalez says she is proud to carry on the craft's tradition and contribute to an export industry that has grown during the pandemic.

King Charles III leads queen's coffin procession in Scotland

King Charles III led his three siblings during a sombre procession of Queen Elizabeth II's body through Edinburgh on Monday before the public got their first chance to file past the late monarch's coffin.

Top US diplomat in Mexico for economic talks

Secretary of State Antony Blinken and other top US officials visited Mexico on Monday for high-level economic talks, with President Andres Manuel Lopez Obrador striking a conciliatory tone despite trade tensions.

Booming gun ownership triggers fears for Brazil vote

Wearing a black T-shirt stamped with the word "Bolsonaro" and a skull, Brazilian ex-cop Elitusalem Gomes Freitas takes aim with his .40-caliber rifle and fires, savoring the smell of gunpowder as he nails his target.

'Squid Game' competes for Emmys history

South Korea's "Squid Game" is bidding to make Emmys history Monday by becoming the first foreign-language television show to win top honors for best drama.

Photographer William Klein dies aged 96

American photographer William Klein, who made his mark with imagery of fashion and urban life, died in Paris on Saturday aged 96, his son Pierre Klein said in a statement Monday.

King Charles leads queen's coffin procession in Scotland

On foot and flanked by his three siblings, King Charles III on Monday led a sombre procession carrying Queen Elizabeth II's body through hushed Edinburgh streets packed with mourners.

Hilfiger returns to New York with a new logo and metaverse focus

With a new logo and eyes on the metaverse, Tommy Hilfiger returned to New York's Fashion Week, presenting a collection that seeks to reinvent his brand.

50 million people stuck in 'modern slavery': UN

Fifty million people around the world are trapped in forced labour or forced marriage, the UN said Monday, warning that their ranks had swelled dramatically in recent years.

'Not something you can just make in a day': the queen's coffin

Queen Elizabeth II's coffin, which will lie in state in London for four days later this week before her funeral next Monday, was reportedly crafted more than three decades ago.

Ukraine recaptures more ground as Russia strikes back

Ukraine forces said Monday their lightning counter-offensive took back more ground in the past 24 hours, as Russia replied with strikes on some of the recaptured ground.

Auction to be held on Russia debt default insurance

An auction to pay out insurance on Russia's unpaid debt was due to take place on Monday, an event formally marking the sanctions-hit country's first foreign default in more than a century.

Asian and European markets rally, euro surges

Asian and European markets rallied on Monday, building on the momentum of gains in the United States and elsewhere at the end of last week, as investors price in the expectation of further interest rate hikes aimed at taming inflation.

Queen's funeral set to knock UK economy after rebound

The UK's recession-threatened economy rebounded in July, data showed Monday, but is set to receive a further hit from a public holiday marking next week's funeral of Queen Elizabeth II.

Mongolia completes rail crossing with China to boost coal exports

Mongolia has launched a rail line that could help boost coal exports to China to 50 million tonnes a year, the country's president said, ending a decade-long wait for the crossing.

Sawt Falasteen - Economy (English)