Sawt Falasteen - Economy

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Featured

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.

Spidey swings high for third weekend in N. American box office

"Spider-Man: Brand New Day" continued dominating the North American box office, drawing an additional $70 million in ticket sales on its third weekend on the big screen, according to industry estimates.

Last news

Helium shortage deflates American celebrations

Helium balloons are part of nearly every American celebration, but a global shortage of the lighter-than-air gas has disrupted many traditions.

US stocks shrug off dreary World Bank outlook, yen tumbles

Wall Street stocks finished a roller-coaster session higher Tuesday, while the yen touched a fresh 20-year low against the dollar in anticipation of more US monetary tightening.

Stocks lower as World Bank slashes global growth forecast

Major stock markets fell Tuesday as investors fretted over central bank moves to rein in inflation and the World Bank cut its global economic growth forecast following Russia's invasion of Ukraine.

Horsemeat traffickers on trial in France in new industry scandal

Eighteen people went on trial in France on Tuesday accused of running a Europe-wide giant horsemeat trading network involving produce not cleared for human consumption.

Starck unveils new Dior chair, predicts end of design

Philippe Starck made his name making everyday objects extraordinary, but the French designer and architect believes the "dematerialisation" of modern life will soon make such talents redundant.

European stock market plans tech-only index

Europe's biggest stock exchange on Tuesday set out its plan for an index focused on tech firms to boost a sector that has long lagged behind US competitors.

Australian KFC patrons clucking mad over lettuce-cabbage switch

Fried chicken chain KFC said Tuesday that high lettuce prices in Australia have forced it to switch to a cabbage mix in burgers and other products, prompting customers to complain the result is less than "finger lickin' good".

Asian markets mixed as rate hike woes offset China tech hopes

Asian markets struggled Tuesday on long-running worries over surging inflation and rising interest rates, which overshadowed hopes that China would ease off its regulatory drive against the country's beleaguered tech giants.

Death of three sisters spotlights India dowry violence

Before the three sisters and their children were found dead in a well, they left a message blaming the family they had married into.

Contact made in case of two German girls missing in Paraguay

The mother of a 10-year-old girl and the father of an 11-year-old girl have made contact with their daughters who last year were brought from Germany to Paraguay without their consent, the parents' lawyer said Monday.

Women's hockey struggling in Canada

In Canada, hockey is king but there are few queens. In many regions, women's teams do not exist and there is no women's professional league. But many are fighting to change that.

Apple unveils message recall, other 'wish list' features

Apple opened Monday its first in-person developers conference since the onset of the pandemic with chips, maps and a way to delete precipitously sent messages, but was mum on any virtual reality offerings.

Blinken says reports of Russia stealing Ukraine grain 'credible'

US Secretary of State Antony Blinken gave support Monday to reports that Russia has stolen grain from Ukraine for resale, even as Moscow blocks the country from exporting its own corn.

Musk accuses Twitter of withholding data, says may withdraw bid

Elon Musk threatened Monday to withdraw his bid to buy Twitter, accusing it of failing to provide data on fake accounts, in the latest twist in the Tesla billionaire's push to acquire the social network.

Lebanon asks for US mediation after Israel gas ship move

Lebanon on Monday called for US mediation after Israel moved a gas production vessel into an offshore field, a part of which is claimed by Beirut.

Stocks, oil prices rise on China boost

Global stock markets and oil prices advanced Monday, helped by an easing of Covid lockdowns in the world's second biggest economy China.

Markets mixed as US jobs data give Fed room to hike rates

Equity markets were mixed Monday following losses on Wall Street as a forecast-topping US jobs report gave the Federal Reserve room to continue hiking interest rates, while there was some cheer in China as leaders eased Covid curbs.

Asian markets mixed as US jobs data give Fed room to hike rates

Asian markets were mixed Monday following a steep drop on Wall Street in response to a forecast-topping US jobs report that gave the Federal Reserve room to continue hiking interest rates as it struggles to contain surging inflation.

ECB to end stimulus in prelude to rate hikes

The European Central Bank is set to draw a line under its massive bond-buying stimulus programme at a meeting in Amsterdam on Thursday, as inflation in the eurozone soars to all-time highs.

Bangladesh port depot fire kills 49, injures 300

At least 49 people died and hundreds were injured after a fire sparked a huge chemical explosion at a shipping container depot in Bangladesh, officials said on Sunday.

Managing inventories a pandemic headache for US businesses

More than two years into the Covid-19 pandemic, American businesses are still struggling to manage their inventories in a feast-or-famine cycle caused by fickle consumer demand.

Underground abortion group in spotlight, 50 years on

Heather Booth was a student in Chicago in 1965 when she received a call from a friend in need. His sister, he said, was pregnant but not ready to have a child. She was "nearly suicidal."

Shoot 'em up video game a refuge for war-scarred Afghans

The crackle of gunfire. A gasp of a stranger. Explosions rumbling in the distance. In the Afghan capital of Kabul, such sounds would normally prompt panic.

Bezos's Blue Origin makes 5th crewed flight into space

Jeff Bezos's company Blue Origin flew six tourists into space for a 10-minute ride Saturday, successfully carrying out its fifth crewed mission.

Bosphorus sea trade unaffected by Ukraine war, sanctions

At the gates of the Black Sea, trade is in full swing as freighters and oil tankers sail from the heart of Istanbul to Russian and Ukrainian ports.

Spain eyes crackdown on video game 'loot boxes'

Spain's government will within days present a draft bill to regulate video game "loot boxes" for which users must pay, a minister said Friday, warning of the addiction risks for youngsters.

Stock markets fall after US jobs report

Stock markets mostly fell on Friday after US government data showed employers added jobs at a better-than-expected pace last month, raising the prospect that the Federal Reserve will continue its aggressive monetary tightening.

US continues to add jobs as wage gains slow

US job gains continued in May but at a slower pace, and rapid wage gains cooled as well, a welcome sign for US policymakers trying to ease red-hot inflation.

Tesla shares fall following report of possible layoffs

Tesla shares fell early Friday following a report that chief executive Elon Musk wants to trim headcount due to the uncertain economic outlook.

UN in 'complex' talks with Russia to unblock Ukraine ports

The UN said Friday it is leading intense negotiations with Russia to unblock Ukrainian ports and release tens of millions of tonnes of grain to avert a global food crisis.

Train crash kills at least three near German resort

At least three people were killed and several others injured on Friday as a train derailed near a Bavarian Alpine resort in southern Germany, a region gearing up to host the G7 summit in late June.

At least three dead as train derails near German resort

At least three people were killed and several others injured on Friday as a train derailed near a Bavarian Alpine resort in southern Germany, police said.

Sawt Falasteen - Economy (English)