Sawt Falasteen - Economy

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Featured

Billionaire Ambani's Jio jumps 21% in market debut after record India IPO

Shares in India's Jio Platforms surged more than 21 percent on its market debut Wednesday, after raising more than $3 billion in the country's biggest initial public offering.

UK set for cautious budget as borrowing costs climb

Britain's finance minister John Healey will unveil his first budget Wednesday, as he juggles commitments to defence spending and easing household bills with little financial room to manoeuvre.

Last news

Russia claims key Ukraine city, shelling kills 6 in Sloviansk

Russia claimed on Sunday to have captured the strategic Ukrainian city of Lysychansk and the entire frontline Lugansk region as a mayor said six people were killed by Russian shelling to the west.

Sri Lanka grinds to a halt as fuel reserves shrink

Sri Lanka has less than a day's worth of fuel left, the energy minister said Sunday, with public transport grinding to a halt as the country's economic crisis deepened.

Life resumes near Ukraine frontline despite war threat

Viktoria Miroshnichenko has just reopened her toy store in Kramatorsk, a city near the frontline in eastern Ukraine, despite the daily sound of bombing roaring in the distance.

US multinationals grapple with soaring dollar

The rapid rise of the US dollar since the start of the year is a double-edged sword for American multinational companies, pushing some of them to decide whether to hedge or reposition their activities abroad to avoid fallout.

Battle rages for Ukraine city, Belarus says downed missiles

Fighting raged for the strategic Ukrainian city Lysychansk on Saturday, as Belarusian leader Alexander Lukashenko said his army had intercepted missiles fired on his territory by Kyiv's forces.

Tesla deliveries fall with temporary closure of China factory

Tesla's deliveries of electric vehicles fell in the second quarter compared to the previous one due mainly to a weeks-long closure of its factory in China, the company said Saturday.

London marks 50 years of Pride

London on Saturday celebrated the 50th anniversary of its first Pride parade, marking half a century of progress in the fight for equality and tolerance but with warnings that more still needs to be done.

Pro-Russia rebels claim to 'encircle' key city, Ukraine denies

Fighting raged Saturday for Ukraine's strategic Lysychansk, as Kyiv denied a claim by Moscow-backed separatists that they had encircled the eastern city.

Ukraine's Zelensky accuses Russia of 'terror' as missiles rain down

Missiles rained down on Ukraine killing many civilians and wounding dozens in built up areas as the weekend began, prompting President Volodymyr Zelensky to accuse Russia of state "terror".

Outgunned island states vow to fight deep-sea mining

A handful of postage-stamp nations in the South Pacific launched an uphill battle this week against the deep-sea mining of unattached, fist-sized rocks rich in rare Earth metals.

Global stocks mixed as eurozone inflation hits record

Wall Street stocks shrugged off early weakness to begin the second half of 2022 on a solid note Friday, but record eurozone inflation underscored the potential for more turbulence ahead.

Automakers reports lower Q2 US sales as supply chain woes persist

General Motors, Toyota and other automakers suffered a hit to US sales in the latest quarter as supply chain woes continued to crimp inventories, according to results released Friday.

History made as first same-sex couples marry in Switzerland

With smiles, pride and emotion, the first same-sex couples tied the knot in Switzerland on Friday following a referendum that changed the landscape for LGBTQ rights in the country.

Ukraine says Russian missiles kill 21 near Odessa

Missiles slammed into a Ukrainian apartment building and a recreation centre early Friday, killing 21 people and wounding dozens in the Odessa region, in attacks swiftly condemned by Germany.

GM reports lower Q2 sales as supply chain woes persist

General Motors reported a 15 percent drop in US auto sales in the second quarter as supply chain woes continued to crimp inventories.

Google to pay $90 mn in settlement with app developers

Google will fund a $90-million settlement to small app developers who had alleged the technology giant abused its market position, according to statements seen by AFP Friday.

Strikes kill 21 in Ukraine's Odessa

Missile strikes slammed into a residential building and a recreation centre early Friday, killing 21 people and wounding dozens in Ukraine's Odessa region, in attacks swiftly condemned by Germany.

Flights cancelled in Spain due to Ryanair, EasyJet strikes

Nine flights to and from Spain were cancelled on Friday and dozens of others delayed due to the latest strike by cabin crew at low-cost airlines Ryanair and EasyJet.

Strikes kill 19 in Ukraine's Odessa

Missile strikes killed 19 people and wounded dozens in Ukraine's Odessa region Friday, a day after Russian troops abandoned positions on a strategic island in a major setback to the Kremlin's invasion.

Japan warns on 'interests' after Russia gas project decree

Japan's energy "interests must not be undermined", Tokyo said Friday, after Moscow issued a decree transferring operations of a key oil and gas project to a new Russian company.

Strikes kill 18 in Ukraine's Odessa

Missile strikes killed 18 people and wounded dozens in Ukraine's Odessa region Friday, a day after Russian troops abandoned positions on a strategic island in a major setback to the Kremlin's invasion.

Asian markets drop with traders gripped by recession fear

Asian markets struggled again Friday following another selloff on Wall Street fuelled by recession fears, with warnings of a bleak outlook for the global economy as central banks slam on the brakes to battle soaring inflation.

17 dead in southern Ukraine strikes, after Russia quits Snake Island

At least 17 people were killed and dozens wounded Friday in missile strikes on Ukraine's Odessa region, a day after Russian troops abandoned positions on a strategic island in a major setback to the Kremlin's invasion.

Bankrupt Sri Lanka's inflation jumps beyond 50%

Sri Lanka's inflation hit a ninth consecutive record in June, official data showed Friday, rising to 54.6 percent a day after the IMF asked the bankrupt nation to rein in galloping prices and corruption.

Nine anti-coup protesters killed in Sudan mass rallies

At least nine Sudanese demonstrators were killed Thursday as security forces sought to quash mass rallies of protesters demanding an end to military rule, pro-democracy medics said.

Argentina's black market dollar trade: illegal but part of life

It is hard to come by but ever-present on the mind of average Argentines: the US dollar, whose value relative to the feeble peso is a barometer for an economy in crisis.

NYPD unit that inspired 'Law & Order: SVU' faces gender bias probe

The US Justice Department will investigate the New York police agency that inspired the hit TV show "Law & Order: Special Victims Unit," over its treatment of sexual assault victims.

FBI adds Bulgarian 'Crypto Queen' to most-wanted list

A Bulgarian woman dubbed the "Crypto Queen" after she raised billions of dollars in a fraudulent virtual currency scheme was placed on the FBI's 10 most wanted list Thursday.

Seven anti-coup protesters killed in Sudan mass rallies

At least seven Sudanese demonstrators were killed Thursday as security forces sought to quash mass rallies of protesters demanding an end to military rule, pro-democracy medics said.

US inflation high but stable in May as spending slows

A key US inflation measure showed price increases held steady in the 12 months ended in May, while consumer spending growth slowed sharply, a good sign in the battle against soaring prices.

Malta to review application of abortion ban after US tourist case

Malta's health minister said Thursday he had ordered a review of how the country's abortion ban was applied, after the treatment of a pregnant American tourist sparked headlines worldwide.

Russia quits Snake Island, weakening blockade of Ukraine ports

Russian troops have abandoned their positions on a captured Ukrainian island, a major setback to their invasion effort that weakens their blockade of Ukraine's ports, defence officials said on Thursday.

Sawt Falasteen - Economy (English)