Sawt Falasteen - Economy

US price surge eased in April as shoppers continued to spend

The US inflation wave showed signs of waning last month, posting the smallest increase since late 2020, as rising wages supported continued spending by American shoppers, according to government data released Friday.

Global stocks push higher

Global stocks pushed higher on Friday as investors hoped that rising global interest rates would curtail sky-high inflation.

Stock markets chase Wall Street higher

Asian and European stocks rose Friday, after a strong performance on Wall Street, as investors hoped that rising global interest rates would curtail sky-high inflation.

'Finding food': Russia severs link to Ukraine's besieged east

A Ukrainian coal miner, completely starved of information, thought he might be able to reason with Russian forces blocking the last good road running out of his war-scarred city on the eastern front.

Military redeployment turns Chile's Mapuche areas into powder keg

With military troops once again patrolling their ancestral lands, members of the Mapuche indigenous community in Chile's south are angry.

Asian markets track Wall St higher, tech fuels Hong Kong rally

Asian markets climbed Friday following a strong performance on Wall Street, with Hong Kong leading the way as forecast-beating earnings reports by tech titans Alibaba and Baidu sent their shares soaring.

Asian markets track Wall St higher, tech leads Hong Kong rally

Asian markets climbed Friday following a strong performance on Wall Street, with Hong Kong leading the way as forecast-beating earnings reports by tech titans Alibaba and Baidu sent their shares soaring.

US stocks rally again as China premier warns on Covid-hit economy

Wall Street stocks rose for a second straight session Thursday on a mixed day for global equities, while China's premier offered an unusually stark warning as the country's zero-Covid strategy bites into growth.

Kinder withdraws 3,000 tonnes of products after Salmonella cases

More than 3,000 tonnes of Kinder products have been withdrawn from the market over salmonella fears leaving a dent of tens of millions of euros, a company official told France's Le Parisien daily Thursday.

War pushes Ukrainian teen towards Belgian future

Three months ago, Mykyta never would have thought he'd be hoping to study for an engineering degree at a Belgian university.

McDonald's investors reject Icahn challenge on animal welfare

McDonald's shareholders overwhelmingly rejected billionaire Carl Icahn's efforts to install two board members to remake the company's animal welfare policies, the restaurant chain said Thursday.

'Do something now:' mourners demand action after US school shooting

A distraught Texas grandmother of a girl killed in the massacre in Uvalde pleaded Thursday for urgent action by US authorities to prevent future school shootings, as the country plunges again into the roiling debate over guns.

Deforestation surges in Brazil Atlantic Forest: report

Deforestation surged 66 percent last year in Brazil's Atlantic Forest, according to a new report, compounding fears over the rampant destruction of the Amazon rainforest further north.

Stocks and oil advance, ruble retreats

European and US stock markets rose Thursday on relief about the pace of interest rate hikes, while the Russian ruble slumped following a cut in the interest rate.

BBC to axe 1,000 jobs in digital transformation

The BBC is to axe 1,000 jobs and scrap some broadcast channels in traditional form as it prioritises digital and copes with a funding freeze, the British public service broadcaster said on Thursday.

'Life imitated art', says 'Black Panther' star in Welsh twins drama

Black Panther star Letitia Wright says she got so close to co-lead Tamara Lawrance in "The Silent Twins", competing at Cannes, that both actors began to behave exactly like the siblings in the drama based on the true story of two black sisters in 1970s Wales.

Biden to receive Korean boy band BTS at White House

President Joe Biden will receive the K-pop megastars BTS next week as part of a series of events celebrating Asian-Americans and denouncing racism against them, the White House said Thursday.

Chipmaker Broadcom to buy VMware for $61 bn

Broadcom announced Thursday a $61-billion deal to purchase cloud computing firm VMware in a giant tech transaction that expands the chipmaker's software offerings.

Alibaba profit slumps nearly 60% as tech crackdown, Covid bite

Chinese e-commerce giant Alibaba said Thursday its profit fell 59 percent in the last fiscal year, joining other tech firms that reported lacklustre results while grappling with Covid-19 restrictions and a sector crackdown.

Stocks rise, ruble slides tracking economic unrest

European and US stock markets rose Thursday after a mixed Asian showing, as traders assessed chances of a global recession in the wake of runaway inflation.

Eleven babies die in Senegal hospital blaze

Eleven newborn babies have perished in a hospital fire blamed on an electrical short circuit in the western Senegalese city of Tivaouane, authorities said Thursday.

Louvre ex-director charged in art trafficking case

A former director of the Louvre Museum in Paris has been charged with conspiring to hide the origin of archaeological treasures that investigators suspect were smuggled out of Egypt in the chaos of the Arab Spring, a French judicial source said Thursday.

Alibaba full-year profit slumps nearly 60% on tech crackdown, Covid

Chinese e-commerce giant Alibaba said Thursday its profit fell 59 percent in the last fiscal year, joining other tech firms that reported lacklustre results while grappling with Covid-19 restrictions and a sector crackdown.

Stocks diverge, ruble slides tracking economic unrest

Europe's top stock markets rose Thursday after a mixed Asian showing, as traders assessed chances of a global recession in the wake of runaway inflation.

Hundreds stranded after ransomware attack on Indian airline

Hundreds of Indian air travellers were stranded inside their planes after the low-cost airline SpiceJet cancelled or delayed flights due to an "attempted ransomware attack", the company has said.

Asian markets mostly down as Li remarks overshadow Fed minutes

Asian markets mostly fell Thursday as Chinese Premier Li Keqiang warned the world's number two economy was in some ways worse off now than during the early days of the pandemic.

For Ukraine's Roma, discrimination adds to agonies of war

Forced to flee fighting, Lyudmyla was assured the authorities would rehouse her in a town in western Ukraine. But when she arrived, they took one look at her and turned her away.

Asian markets mixed as traders weigh Li remarks, Fed minutes

Asian markets were mixed Thursday as minutes indicating a less hawkish Fed were offset by China's premier warning that the world's number two economy was in some ways worse off now than during the early days of the pandemic.

China premier issues warning on Covid-hit economy

China's premier has sounded an unusually stark warning about the world's second-largest economy, saying it must return to normal as the country's zero-Covid strategy bites into growth.

Filing says Elon Musk to borrow less in Twitter bid

Elon Musk notified US regulators on Wednesday that he will rely less on loans in his bid to buy Twitter, as he and partners put $33.5 billion into the deal.

Global stocks mostly rise as Fed reiterates plan to battle inflation

Global stocks mostly rose Wednesday as markets adopted an optimistic view of Federal Reserve minutes that reiterated plans to raise interest rates.

Fed officials stressed 'determination' to bring down inflation

US central bankers stressed their "strong commitment and determination" to bring raging inflation under control including with more big interest rate increases, according to the minutes of the latest policy meeting released Wednesday.

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Sawt Falasteen - Economy (English)

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Canada hikes rates to contain oil price surge caused by Iran war

World Bank warns of worsening food insecurity as commodity prices soar

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