Sawt Falasteen - Economy

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Featured

Gay badminton star Gilmour urges progress on LGBTQ rights in Asia

Scotland's European badminton champion Kirsty Gilmour, who came out as gay in 2021, said she hopes to see greater acceptance of LGBTQ people in Asia.

As Opel turns to Chinese partners, its hometown frets about the future

As Germany's Opel slashes its engineering ranks and partners with China's Leapmotor, anxiety is running high in Ruesselsheim, the city it has long dominated.

Last news

UK PM arrives in India for hard sell on anti-Russia action

UK Prime Minister Boris Johnson arrived in India Thursday touting job-creating investment but facing long odds to get his reluctant counterpart Narendra Modi to back Western action against Russia.

China reinforces tight control over plane crash mystery

The cause of China's deadliest air crash in decades remains a mystery, with authorities giving few details in a preliminary report on Wednesday while enforcing strict censorship one month after the disaster.

Cannabis '420' festival brings scent of freedom - and dollars - to Denver

Tens of thousands of cannabis enthusiasts gathered in Denver on Wednesday to celebrate the ever-widening US legalization of recreational weed with plumes of pungent smoke, music... and a few grumblings about commercialization.

Tesla reports record profits, bullish on 2022 output

Tesla reported another banner quarter of profit growth Wednesday on pricier vehicles and said its 2022 output plan was on track despite ongoing supply chain problems and a hit from recent Covid-19 lockdown measures in China.

United Airlines bullish on Q2 as it reports another loss

United Airlines reported another quarterly loss Wednesday on the lingering drag from Covid-19 but offered a bullish outlook based on surging travel demand.

Tesla reports Q1 profits of $3.3 bn, topping expectations

Tesla reported another banner quarter of profit growth Wednesday as the rapid expansion of electric vehicle (EV) manufacturing capacity boosted sales despite ongoing supply chain problems.

Italy signs gas deal with Angola seeking to end dependence on Russia

Italian ministers on Wednesday signed a deal with Angola to ramp up gas supplies from the southern African country as Italy urgently scrambles to break away from Russian gas over the Ukraine war.

G20 finances chiefs convene amid threats of Ukraine boycott

Finance officials from the world's richest countries are convening on Wednesday to address global challenges like rising debt and a possible food crisis -- if they can overcome boiling tensions over Russia's invasion of Ukraine.

Europe stocks shine but US mixed as Netflix plunges

European stocks rose Wednesday as investors tracked corporate earnings and developments in the Ukraine conflict, while US stocks were mixed as Netflix shares tumbled after the streaming giant reported a drop in subscribers.

Higher prices cooled US housing market in March

Sales of existing US homes dropped for the second straight month in March, an industry survey said Wednesday, a sign that higher mortgage rates and rising prices are taking the wind out of the booming sector's sails.

Stock markets rise but Netflix sinks

European and US stocks rose Wednesday as investors tracked developments in the Ukraine conflict and corporate earnings, with Netflix shares sinking after the streaming giant reported a drop in subscribers.

Procter & Gamble profits rise on higher pricing

Quarterly profits edged higher at Procter & Gamble as the consumer goods giant implemented price increases with only a limited hit to demand, the company said Wednesday.

European stock market gains capped by Ukraine war

European stocks rose Wednesday but gains were capped as Russia continued its new offensive in eastern Ukraine, dealers said.

Blind Rwandans take up massage to fight stigma

On a chilly morning, Beth Gatonye loaded two vibrating chairs into her van and headed to the US embassy in Kigali with three blind colleagues, ready to offer massage therapy.

Italy chases African gas to end dependence on Russia

Italian ministers head to central Africa Wednesday in an urgent quest for new energy deals as Italy scrambles to break away from Russian gas over the Ukraine war.

IMF asks Sri Lanka to restructure debt before bailout

The International Monetary Fund said on Wednesday that it has asked cash-strapped Sri Lanka to "restructure" its huge foreign debt before a bailout programme could be finalised as anti-government protests escalated across the island.

Sri Lanka town under curfew, foreign concern over killing

Police kept up a curfew in central Sri Lanka on Wednesday, a day after the killing of an anti-government demonstrator in escalating protests across the island triggered international condemnation.

New Indian 'sex start-ups' challenge old taboos

The couple behind a new start-up using adult toys and cheeky adverts to challenge long-held taboos say they want to take the "shame, guilt and fear" out of sex in India.

Oil stabilises after big drop on IMF growth cut

Asian markets were flat on Wednesday as oil began clawing its way back up from a big drop after the International Monetary Fund downgraded its global growth forecast for 2022.

Mexican lawmakers pass lithium nationalization plan

Mexican lawmakers on Tuesday approved a plan to nationalize the exploration and mining of lithium, a vital material in the production of batteries for electric cars, cellphones and other technology.

Florida governor calls to end Disney's self-governing status at theme park

Florida governor Ron DeSantis asked the US state's congress Tuesday to vote to eliminate a statute that allows entertainment giant Disney to act as a local government in Orlando, where it has its theme park.

Oil prices dive on weaker IMF growth forecast as US stocks rally

Oil prices plunged by more than five percent Tuesday on worries that slowing growth will dent petroleum demand, while US stocks enjoyed a solid rally following a series of weak sessions.

Shutdown of Libya oil sites spreads to second terminal

Libya's National Oil Corporation announced Tuesday the closure of a second export terminal, paralysing the vital energy sector in a North African country gripped by political crisis.

Oil prices plunge after IMF cuts global growth forecast

Oil prices plunged by more than five percent Tuesday as investors worried about a drop in demand after the International Monetary Fund cut its global growth forecast.

Fragmentation poses 'serious risk' to global prosperity: IMF

The threat of deglobalization that splits countries into divided blocs could undermine decades of gains in living standards and growth, an IMF official warned Tuesday.

IMF slashes global growth forecasts amid Ukraine war

The "seismic" impact of the war in Ukraine is spreading worldwide, causing the IMF on Tuesday to sharply downgrade its 2022 global growth forecast to 3.6 percent.

European stocks fall as impact of Ukraine war spreads

European stock markets mostly fell Tuesday, as the impact of the Ukraine war spreads with the IMF slashing its global growth forecasts.

New 'phase' of Ukraine war as Russia attacks east

Moscow launched dozens of air strikes across eastern Ukraine overnight, its defence ministry said Tuesday, with Russia's top diplomat acknowledging "another phase" of the conflict was beginning as fighting raged in the Donbas region.

First killing by police in Sri Lanka protests

Sri Lanka police shot dead one man and wounded 10 others on Tuesday in the first fatal clash with demonstrators protesting the island nation's crippling economic crisis.

European stocks slide on return from Easter break

European stock markets slid Tuesday, catching up with losses in Asia and on Wall Street caused by slow growth concerns in China and rising US interest rates.

Japan fast-food chain fires official over sexist comments

One of Japan's most popular fast-food firms said on Tuesday that it had fired a top executive who reportedly suggested a marketing strategy of getting "virgins addicted" to the company's products.

Guitar that broke Oasis up for auction in Paris

A guitar, the smashing of which triggered the break-up of Oasis stars Liam and Noel Gallagher, goes under the hammer in Paris next month alongside other rock memorabilia.

Sawt Falasteen - Economy (English)