Sawt Falasteen - Economy

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Featured

easyJet strike sees 100 French flights cancelled

British budget carrier easyJet has called off about 100 flights out of French airports on Saturday and Sunday because of a strike by cabin crew furious over repeated changes to their schedules.

UK-based Afghan writer pleads for country's 'abandoned' women

Afghanistan's women are "fighting alone" against discrimination by the Taliban authorities and feel abandoned by the world, Afghan journalist Zahra Joya told AFP.

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Food security worsens in Afghanistan as wages fall: World Bank

Food security in Afghanistan has deteriorated sharply since the Taliban took power in August, while wages have fallen "dramatically" for more than two-thirds of workers, a World Bank survey said Tuesday.

Oil prices plunge on China lockdowns, stocks waver

Oil prices plunged Tuesday as major crude consumer and global economic engine China placed nearly 30 million people under Covid lockdown.

Fed begins policy meeting as it prepares to raise interest rates

The Federal Reserve opened its two-day policy meeting on Tuesday as it prepares to raise borrowing rates for the first time since the pandemic began in an effort to tamp down rising inflation.

Oil prices plunge on China lockdowns, stock markets slide

Oil prices plunged more than eight percent Tuesday on lower demand expectations with nearly 30 million people under Covid lockdown in key consumer China.

UK slaps heavy tariffs on Russian imports, including vodka

Britain on Tuesday imposed an additional 35 percent tariff on a swathe of Russian imports, from vodka to steel, and banned exports of luxury goods over Moscow's invasion of Ukraine.

Deadly blasts rattle Kyiv, talks with Russia to resume

A series of powerful explosions rocked residential districts of Kyiv early Tuesday killing two people, just hours before talks between Ukraine and Russia were set to resume.

UK unemployment falls below pre-pandemic level

Britain's unemployment rate has fallen below its pre-pandemic level, data showed Tuesday, but wages are eroding at the fastest pace in eight years as inflation soars.

Hong Kong hammered again as Asia stocks fall, oil retreats

Asian markets fell Tuesday, with Hong Kong tech firms leading another collapse in the city's Hang Seng Index following the Covid-19 shutdown of tech hub Shenzhen and worries over Russia's military outreach to China.

Thai firm takes over Myanmar gas field after Total withdrawal

Thai energy company PTTEP has said it will take over the running of Myanmar's vital Yadana gas field following the withdrawal of global giants Chevron and TotalEnergies in January.

Once-starving lions roar back to life in Sudan sanctuary

Kandaka the lioness was once sick and emaciated in a rundown zoo in Sudan's capital, but thanks to wildlife enthusiasts she now thrives in a reserve watching her cubs grow.

Little oxygen and low pay: Venezuela's risky world of small-scale mining

Henry Alviarez says he began small-scale coal mining in Venezuela's western Tachira state out of "necessity" due to the country's ongoing economic crisis which has deepened during the coronavirus pandemic.

Britain's Privy Council upholds Bermuda gay marriage ban

A British tribunal upheld a ban on gay marriage in Bermuda Monday, in a departure from Western trends towards equality and a blow to campaigners in one of the colonial power's few remaining overseas territories.

Viral photo changes Brazil trash-pickers' lives

A holiday story that emerged from an unlikely place took a heartwarming turn when Gabriel Silva, a Brazilian boy photographed pulling a Christmas tree from a garbage dump, managed to help buy his family a house.

Protesters briefly seize London mansion linked to Russian oligarch

Protesters on Monday briefly seized a mansion linked to the sanctioned Russian oligarch Oleg Deripaska in one of central London's most exclusive addresses.

Caribbean airline Arajet orders 20 Boeing 737 MAXs

Arajet, a new Caribbean airline, has ordered 20 of the Boeing 737 MAX aircraft and placed options for 15 additional planes, the aviation giant announced Monday.

War in Ukraine: Latest developments

Here are the latest developments in Russia's war in Ukraine:

Ukraine economy could collapse if war drags on: IMF

Ukraine's government continues to function, the banking system is stable and debt payments are viable in the short term, but the Russian invasion could plunge Ukraine into a devastating recession, the International Monetary Fund said Monday.

Art sales hit all-time high in 2021

Art auctions saw a record year in 2021 with $17.1 billion (15.6 billion euros) in sales as the market continued its rapid growth in Asia and recovered from its coronavirus slump, experts Artprice said Monday.

European, US stocks rise on Ukraine hope as oil slumps

European and US equities largely rebounded Monday as investors seized on hopes of progress in peace talks between Russia and Ukraine, sending oil tanking alongside news of key crude consumer China's Covid lockdown of tech hub Shenzhen.

Electronics giant ASUS says shipments to Russia at 'standstill'

Taiwanese computer maker ASUS said Monday its shipments to Russia are at a "standstill" due to the war in Ukraine, days after a top Kyiv official called for the firm's withdrawal.

Ukrainian models who swapped Milan catwalks for war aid

Ukrainian model Bogdana Didenko Nevodnik was in Milan for fashion week when Russia invaded. Unable to return home afterwards, she now sorts aid parcels in the Italian city for her war-torn country.

UN launches biodiversity talks on deal to protect nature

UN biodiversity negotiations began in Geneva on Monday to hammer out a global deal to better protect nature that is due for approval later this year.

Most Asian markets hit by Ukraine fears, tech selloff

Asian markets mostly fell Monday as traders track developments in the Ukraine war and diplomatic efforts to bring the crisis to an end while Hong Kong took a pounding after China placed Shenzhen into lockdown, fuelling a rout in the tech sector.

Deadly air strike hits Kyiv ahead of new Russia-Ukraine talks

An air strike on a residential building in Ukraine's capital killed at least one person Monday, the country's emergency service said, as Moscow maintained its devastating assault ahead of a fresh round of talks.

Air strike kills two in Kyiv ahead of new round of talks

An air strike on a residential building in Ukraine's capital killed at least two people Monday, the country's emergency service said, as Moscow maintained its devastating assault ahead of a fresh round of talks.

Moscow threatens Western companies with arrests, seizures: report

Russian authorities, facing potential economic calamity as Western sanctions take hold, have threatened foreign companies hoping to withdraw from the country with arrests and asset seizures, the Wall Street Journal reported Sunday.

Most Asian markets down as traders track Ukraine invasion

Asian markets mostly fell Monday as traders track developments in the Ukraine war and diplomatic efforts to bring the crisis to an end, while this week's Federal Reserve meeting is in focus as it prepares to start lifting interest rates.

Digital art in spotlight as Dubai makes crypto hub bid

Art Dubai, the Middle East's largest annual contemporary art fair, has featured for the first time digital works, as the wealthy Gulf emirate seeks to position itself as a crypto-assets hub.

Shanghai tailors keep qipao dress tradition alive

Zhou Zhuguang surveys his Shanghai workshop and rows of workers meticulously stitching high-collared Chinese dresses known as qipao, some of which sell for nearly $5,000.

Agriculture giant Brazil nervously eyes Ukraine war

Agricultural powerhouse Brazil is nervously watching the impact of Russia's war on Ukraine, uncertain whether the upside -- an expected boost to Brazil's corn exports -- will outweigh the hit to its crucial fertilizer imports.

Europe new 'hotspot' for arms imports: report

Europe saw the world's biggest rise in arms imports in the past five years, a trend set to accelerate following recent rearmament commitments amid the threat posed by Russia, researchers said Monday.

UN agencies condemn attacks on health care in Ukraine

UN agencies on Sunday called for an immediate ceasefire and an end to attacks on healthcare professionals and facilities in Ukraine, which have killed a dozen people, describing them as acts of "unconscionable cruelty".

Sawt Falasteen - Economy (English)