Sawt Falasteen - Economy

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Featured

Tech firms gain on Anthropic IPO optimism; HSBC slumps in London

Tech firms rose Tuesday for a second day as AI titan Anthropic's IPO filing revived optimism over the sector.

Dangote, Nigeria's oil tycoon rewriting Africa's story

After going from hawking sweets to his primary schoolmates to becoming Africa's richest man, Nigerian billionaire Aliko Dangote now stands on the cusp of what could be the continent's biggest-ever IPO.

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Trump social media platform faces money woes, modest following

Signs are growing that Donald Trump's social media platform Truth Social is in financial trouble, with just a modest following six months after launching.

Boeing eyes February for space capsule's first crewed flight

The first crewed flight of Boeing's space capsule Starliner is scheduled for February 2023, the company and NASA announced Thursday, as the United States seeks to secure a second way for its astronauts to reach the International Space Station.

'Dangerous' heatwaves likely to grip the tropics daily by 2100: study

Many millions of people in the tropics could be exposed to dangerous heat for half the year by 2100 even if humanity manages to meet climate goals, researchers warned Thursday.

German economy grew in second quarter, better than feared

Germany's economy grew slightly in the second quarter, an upgrade from a previous estimate of stagnation, revised official data showed Thursday, pushing back the spectre of recession.

Japan seeks 'sustainable world' in Africa aid forum

With its stated purpose to "create a sustainable world together", Japan on Saturday kicks off its aid conference for Africa, where rival China has invested heavily in recent years.

Asian markets rise with eyes on China, Fed speech

Asian markets rose Thursday after China unveiled fresh measures to boost its economy, while investors awaited a speech by the Fed chair that may hold clues about future rate hikes.

France's Macron looks to 'future' on Algeria trip to mend ties

President Emmanuel Macron starts a three-day visit Thursday to Algeria to help mend ties with the former French colony, which this year marks its 60th anniversary of independence.

Equities move higher ahead of US Fed chair speech

European and US equities mostly advanced on Wednesday as investors awaited signals on coming Federal Reserve interest rate hikes.

British-Belgian teen becomes youngest round-the-world solo flier

Mack Rutherford, a British-Belgian 17-year-old, landed in Bulgaria on Wednesday to become the youngest person to fly solo around the world.

New York, cartoonist Sempe's spiritual home

Over the course of his storied career, Jean-Jacques Sempe became a fixture on the newsstands of New York, illustrating more than 100 covers of the prestigious New Yorker magazine.

London bus drivers latest UK workers to strike over pay

Bus drivers in London are set to strike over pay for two days this weekend, their union announced on Wednesday, as decades-high inflation prompts walkouts across Britain's ailing economy.

UK port strike threatens to deepen supply chain and price woes

A strike over pay at Britain's largest container port threatens to spark fresh delays and rising costs for companies and consumers alike, but logistics experts say there should be no product shortages.

Markets mark time ahead to US Fed chair speech

European and US equities moved sideways on Wednesday as investors awaited signals on the next US interest rate hikes.

Steep drop in military aircraft keep US goods orders flat in June

Orders for big-ticket US-manufactured goods were flat in July after four straight monthly increases due to a plunge in the volatile military aircraft category, according to government data released Wednesday.

Global stocks fall as investors eye US Fed outlook

Asian and European equities fell Wednesday as investors awaited news on the next US interest rate hikes.

European hospitals test drones to speed delivery of human tissue

Belgian hospitals have begun testing a drone to save time delivering human tissue samples across city centres, between patients on the operating table and medical labs, a first in Europe.

Japan eyes nuclear power push to combat energy crunch

Japan's prime minister on Wednesday called for a push to revive the country's nuclear power industry in a bid to tackle soaring imported energy costs linked to the war in Ukraine.

Sri Lanka widens import ban as economic crisis persists

Sri Lanka tightened import restrictions Wednesday with a ban on more than 300 additional items, as an economic crisis that has created months of shortages and toppled a president refuses to abate.

Whistle blows in Germany for world's first hydrogen train fleet

Germany on Wednesday will inaugurate a railway line powered entirely by hydrogen, a "world first" and a major step forward for green train transport despite nagging supply challenges.

Cost of living crisis dominates UK leadership campaign

With double-digit inflation and an economy teetering on the brink of recession, the cost-of-living crisis has dominated the race for Downing Street.

Asian markets drop as investors eye US Fed outlook

Asian markets were down on Wednesday after falls in global stocks as the euro plunged against the dollar and traders await news on the next US interest rate hikes.

TikTok stars boycott Amazon in activism push

TikTok influencers boasting collectively more than 51 million followers say they won't work with Amazon until the e-commerce colossus delivers key concessions to workers and halts anti-union efforts.

Murdoch sues small Australian news outlet for defamation

Fox News boss Lachlan Murdoch has launched legal proceedings against Australian media outlet Crikey, accusing the site of defaming him in an opinion piece about the January 6 US Capitol riots.

US says Ukraine grain exports near pre-war levels

Ukraine is on course to ship nearly as much grain this month as it did before the Russian invasion, in a triumph for international efforts to ease food shortages, a US official said Tuesday.

Putin betting Europe blinks, top EU diplomat warns

Russia's President Vladimir Putin is betting the united EU response to his invasion of Ukraine will fracture as soaring prices hit European voters' wallets, Brussels' foreign policy chief warned Tuesday.

US new home sales fall to six-year low

US new home sales fell sharply in July to their lowest rate since early 2016, the government reported Tuesday, as rising lending rates cool demand.

US warns of Russian strikes on Ukraine government targets

Washington warned on Tuesday that Russia could attack Ukrainian government facilities in the coming days as Moscow said it would show "no mercy" over an assassination it has blamed on Ukraine.

Lamborghini has already sold all its cars until 2024

Italian sports car maker Lamborghini has already pre-sold the entire production run to early 2024, its boss told AFP on Tuesday, with luxury goods seemingly unaffected by global economic uncertainty.

Euro strikes fresh 20-year low as eurozone economy shrinks again

The euro dived Tuesday to a new two-decade dollar low and equities wavered, as data highlighted the shrinking eurozone economy and the worsening energy crunch.

'Game of Thrones' prequel becomes HBO's best launch

Nearly 10 million viewers in the United States watched the eagerly-awaited first episode of "House of the Dragon" -- the first spin-off to "Game of Thrones", making it HBO's most successful series launch, WarnerMedia said.

Ivory Coast's 'Pearl of Lagoons' loses its lustre

It was once a jewel of West Africa -- the "Pearl of Lagoons," people liked to call it.

Asian markets track Wall St plunge on growing rate fears

Asian markets fell again Tuesday and the dollar held gains as traders grow increasingly worried that the Federal Reserve will continue to ramp up interest rates to fight inflation.

Sawt Falasteen - Economy (English)