Sawt Falasteen - Economy

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Charles tackles thorny legacy of slavery on Caribbean trip

King Charles III began a Caribbean tour in the Bahamas Tuesday where he acknowledged "the great suffering of the past" in the face of pressure to apologize for the slave trade.

وفد إماراتي يزور التشيك لبحث الأمن الغذائي والابتكار الزراعي

نظمت وزارة الاقتصاد والسياحة زيارة إلى العاصمة التشيكية براغ، بمشاركة وفد ضم سعادة الدكتورة مارية حنيف القاسم، الوكيل المساعد لقطاع السياسات والدراسات الاقتصادية بالوزارة، و24 ممثلاً من الجامعات وشركات الأغذية والقطاع الصناعي في الدولة. وهدفت الزيارة وفق بيان صحفي صادر اليوم، إلى تعزيز التعاون الاقتصادي والبحثي بين دولة الإمارات وجمهورية التشيك، وتوسيع الشراكات بين الشركات والمؤسسات الأكاديمية والبحثية في البلدين، واستكشاف فرص

Last news

Facebook's Meta reports first ever revenue drop

Facebook-parent Meta on Wednesday reported that its quarterly revenue dropped year-over-year for the first time ever, as its profit plunged by more than a third.

US Senate passes bill to boost domestic semiconductor manufacturing

The US Senate passed a bill on Wednesday to boost domestic production of semiconductors amid shortages of the microchips that power everything from smartphones to cars to weapons.

US regulators move to block Meta virtual reality app deal

US market regulators on Wednesday went to court to stop Meta from buying virtual reality fitness app maker Within, a potential blow to the tech giant's metaverse ambitions.

Fed attacks US inflation with another interest rate hike

The US Federal Reserve on Wednesday again raised the benchmark interest rate by three-quarters of a percentage point in its ongoing battle to tamp down raging price pressures that are squeezing American families.

Boeing sees progress on 787 but warns on supply chain

Boeing said Wednesday it is close to receiving regulatory approval to resume 787 jet deliveries, a move that could help reverse lackluster profits, but warned that its production ramp-up for the 737 MAX would be slowed by supply chain problems.

Fresh nationwide rail strikes hit UK

Around 40,000 British railway workers staged a walkout on Wednesday, a month after the largest strike in 30 years as the UK battles its worst cost-of-living crisis in decades.

McDonald's beefs up UK price for 99p cheeseburger

Stung by an across-the-board surge in inflation, McDonald's said Wednesday it was raising the UK price of its cheeseburger -- set at a lowly 99 pence ($1.19) for 14 years.

Boeing profit falls as CEO eyes resumption of 787 deliveries

Boeing reported a drop in second-quarter profits on Wednesday due to the continued travails of the 787, but the company said it was close to receiving regulatory approval to resume deliveries of the plane.

Military aircraft drive US goods orders higher in June

An eye-popping surge in new orders for US military aircraft in June drove a surprise increase in demand for big-ticket manufactured goods, according to government data released Wednesday.

Joint centre for Ukraine grain exports opens in Istanbul

Turkey on Wednesday formally opened a joint coordination centre for Ukrainian grain exports under a UN-backed deal aimed at resuming shipments for the first time since Russia's February invasion of its neighbour.

Boeing profit falls as 787 deliveries still halted

Boeing reported a drop in second-quarter profits Wednesday on the continued halt to deliveries of the 787, in results that missed analyst expectations.

Russian anger after EU court upholds ban on RT

The Kremlin vowed to further restrict Western media in Russia on Wednesday after the EU's top court upheld European sanctions that took Moscow's RT channel off-air around the continent.

Markets mixed as traders await US rate decision

Stock markets traded mixed and the dollar retreated Wednesday as attention switched to the Federal Reserve and the size of its upcoming interest rate hike.

Miners unearth pink diamond believed to be largest seen in 300 years

Miners in Angola have unearthed a rare pure pink diamond that is believed to be the largest found in 300 years, the Australian site operator announced Wednesday.

Bitter harvest: Malaysian palm oil farmers face labour crunch

Overripe palm oil fruits hang untouched in trees while others lie rotting scattered around a plantation, as Malaysian farmers reap the bitter harvest of a severe labour shortage.

Eye-popping: Saudi prince unveils mirrored skyscraper eco-city

A futuristic Saudi megacity is to feature two skyscrapers extending across a swathe of desert and mountain terrain, according to the latest disclosures on the project by the kingdom's de facto ruler.

Most Asian markets down as Fed prepares latest hike

Stocks fell Wednesday as recession fears returned to the forefront of traders' minds ahead of an expected Federal Reserve interest rate hike later in the day.

Japan eSports players with disabilities shoot down stereotypes

Street Fighter player Shunya Hatakeyama has muscular dystrophy, so he uses his chin to launch devastating combos. He is not the only Japanese gamer proving that disability is no barrier in eSports.

Fed poised to attack inflation with another interest rate hike

The Federal Reserve is set to announce another big interest rate increase on Wednesday, the fourth this year, in its ongoing battle to tamp down price pressures that have been squeezing American families.

Tunisia approves new constitution in vote with low turnout

Tunisia has approved a new constitution granting unchecked powers to the office of President Kais Saied, the electoral board said, after a poorly attended referendum in which voters overwhelmingly backed the document.

Israel's Teva reaches potential $4.25 bn US opioid settlement

Israeli generic drug maker Teva has reached an agreement in principle to pay $4.25 billion over 13 years to settle a series of court cases over its role in the US opioid epidemic.

After the apology, the 'healing': Pope visits sacred lake in Canada

Pope Francis called for "healing" Tuesday as he joined a pilgrimage to a sacred lake in Canada, one day after making a landmark apology for the abuse of Indigenous children at Catholic-run schools.

Microsoft earnings fall short as computer sales sag

Microsoft on Tuesday said that its earnings in the recently ended quarter fell shy of expectations as personal computer sales suffered from production holdups in China and sagging demand.

New York asks WHO to re-name 'stigmatizing' monkeypox

New York City asked the World Health Organization (WHO) on Tuesday to rename the monkeypox virus to avoid stigmatizing patients who might then hold off on seeking care.

Saudi prince to sign deal for 'cheaper energy' in Greece

Saudi Crown Prince Mohammed bin Salman announced upcoming bilateral projects on a visit to Greece Tuesday, including for a power cable between both countries to provide Europe with "cheaper renewable energy".

Twitter shareholders to vote on Musk buy in September

Twitter on Tuesday urged shareholders to endorse the $44 billion deal Elon Musk made to buy the online podium, setting a vote on the merger for September 13.

Buzz Aldrin's Apollo 11 jacket sold for $2.7 mn

The jacket worn by US astronaut Buzz Aldrin during his 1969 flight to the Moon aboard Apollo 11 was sold at auction for $2.7 million in New York Tuesday, Sotheby's announced.

Biden hails $22 bln investment by S. Korea's SK Group

President Joe Biden on Tuesday hailed progress in the US bid to revamp its 21st century economy after huge South Korean group SK announced a $22 billion investment in US semiconductor and other cutting edge industries.

Google-parent Alphabet's profit slips as growth slows

Google-parent Alphabet on Tuesday reported its profit in the recently ended quarter slipped to $16 billion as its long sizzling ad revenue growth cooled.

Biden undecided on China tariffs ahead of Xi call: W.House

President Joe Biden has still not decided whether to end some trade tariffs on China ahead of a phone call expected this week with his Chinese counterpart Xi Jinping, a senior official said Tuesday.

Russia doing better than expected despite sanctions: IMF

Despite damaging Western sanctions imposed on Moscow in the wake of the invasion of Ukraine, Russia's economy appears to be weathering the storm better than expected as it benefits from high energy prices, the IMF said Tuesday.

Don't let inflation 'genie' out of the bottle: IMF economist

The global economy is facing a worrisome slowdown, but the critical priority for policymakers is to bring raging inflation under control, the IMF's chief economist said Tuesday.

Sawt Falasteen - Economy (English)