Sawt Falasteen - Economy

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Featured

Airbus aims for record deliveries despite disappointing quarter

European aircraft manufacturer Airbus said Wednesday its third quarter revenues dipped as it finished fewer planes, but insisted it would still deliver a record number this year.

US Fed holds interest rates steady despite surging inflation

The US Federal Reserve on Wednesday held interest rates steady, in line with market expectations, days ahead of crucial midterm elections where surging inflation has been a key issue.

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Ukraine's Zelensky warns only diplomacy can end war

Ukrainian President Volodymyr Zelensky has warned only a diplomatic breakthrough rather than an outright military victory can end Russia's war on his country, while pushing its case for EU membership.

A paw-some day trip: dogs ride Japan bullet train

On Japan's bullet trains, dogs usually have to travel in a carrier, but on Saturday they could stretch their paws and enjoy the scenery on a special pet-friendly express.

Sicily judge weighs trial of migrant rescue NGOs

Charities running migrant rescue ships in the Mediterranean faced a pre-trial hearing in Sicily Saturday over alleged collusion with people traffickers after a controversial probe that involved mass wiretapping.

Sicily judge to weigh trial of migrant rescue NGOs

Charities running migrant rescue ships in the Mediterranean face a pre-trial hearing in Sicily Saturday over alleged collusion with people traffickers after a controversial probe that involved mass wiretapping.

Judge blocks Biden plan to lift border expulsion policy

A health rule imposed at the start of the Covid-19 pandemic that has blocked most asylum seekers at the US border with Mexico must stay in place, a judge ruled Friday.

Tucker Carlson: Voice of white America's outrage and fears

In the world of Tucker Carlson's hit TV show, America is under assault -- by Democrats, by health authorities, by immigrants, by Black Lives Matter protests -- and white conservatives are in a fight for their very survival.

Canada celebrates political icon 'Hurricane Hazel', aged 101

Hazel McCallion, 101, was recently reappointed to the board of Canada's largest airport as she forges ahead with a career that has included being a city mayor for 36 years and playing professional hockey.

New York sneaker expo presents some of Virgil Abloh's last works

Some of Virgil Abloh's final creations will be on public display in New York in an expo that also confers further mystique to the lucrative world of specialty sneakers.

Hyundai to build $5.5 bn electric vehicle plant in US

South Korean automaker Hyundai will build a $5.5 billion electric vehicle and battery plant in the southern US state of Georgia, its governor announced Friday, as President Joe Biden pursued his trip to Seoul.

Biden opens SKorea trip at Samsung plant as NKorea nuclear fears mount

President Joe Biden has arrived in South Korea on his first Asia trip as US leader, aiming to cement economic and security ties with regional allies despite growing fears of a North Korean nuclear test.

Key Iraq irrigation reservoir close to drying out

Iraq's Lake Hamrin, a once-vast reservoir northeast of Baghdad that is the sole source of water for irrigation across Diyala province, has nearly dried out, a senior official said Friday.

China rate cut boosts Asian, European stocks

Asian and European stocks rebounded Friday on China's interest rate cut, but US equities continued to slump on fears that sky-high inflation will spark a global downturn.

Elon Musk in Brazil to launch plan to survey and connect Amazon

Billionaire Elon Musk arrived in Brazil Friday, announcing a project to bring internet access to schools in the Amazon and improve satellite monitoring of the rainforest.

Biden begins South Korea trip at Samsung factory, flagging supply chain woes

President Joe Biden arrived in South Korea Friday on his first Asia trip as US leader, aiming to cement economic and security ties with regional allies despite growing fears of a North Korean nuclear test.

Stocks climb after China rate cut

Global stocks rebounded Friday on China's interest rate cut, after having slumped the previous day on fears that sky-high inflation would spark a global downturn.

Stock markets rebound on China rate cut

Asian and European stocks rebounded Friday on China's interest rate cut, after sinking the previous day on fears that sky-high inflation would spark a global downturn.

UK finance minister makes rich list for first time

Finance minister Rishi Sunak became Friday the first high-profile British politician to make the Sunday Times Rich List, weeks after his family's tax arrangements attracted controversy and amid a cost-of-living crisis.

China condemns Canada's Huawei 5G ban over 'groundless' security risks

Beijing hit out at Canada for banning telecoms giants Huawei and ZTE from Canadian 5G networks on Friday, calling Ottawa's concerns for security risks "groundless" and warning of retribution.

Asian markets up after China cuts key interest rate

Asian markets saw a sustained bump Friday following China's decision to lower a key benchmark rate, injecting optimism among traders that it could boost the world's second-largest economy from its Covid-battered knees.

Dazzling but empty stadiums a symbol of China's fading football dream

Gleaming football stadiums built for the Asian Cup may turn into "white elephants" after China withdrew as hosts, experts say, with President Xi Jinping's World Cup dreams more remote than ever.

'Enough!' Abortion denial row sparks outcry in Croatia

The heart-rending case of a woman denied an abortion by four hospitals despite the foetus having an aggressive tumour has sparked an outcry over women's rights in largely Catholic Croatia.

China cuts key mortgage reference rate as Covid bites

China on Friday announced it would cut a key interest rate in a boost to home buyers and debt-mired developers as the country's economy is slowed by Covid-19 restrictions ripping across major cities.

Vintage Mercedes fetches record €135 mn at auction

A 1955 Mercedes-Benz, one of only two of its kind, was auctioned off earlier this month for a whopping 135 million euros ($143 million), making it the most expensive car ever sold, RM Sotheby's announced Thursday.

Asian markets up after Wall Street battering over recession fears

Asian markets opened higher Friday, as bargain-hunters capitalised on the battering Wall Street took the day before after decades-high inflation sparked recession fears.

Higher wall, Covid policy make US border more deadly

Horrific fractures, punctured lungs and a traumatic miscarriage: Jay Doucet has seen the severity of his patients' injuries worsen as more migrants fall from a growing border wall in their bid to evade a pandemic-imposed legal blockade.

New one year delay at UK Hinkley Point nuclear plant: EDF

An already-delayed giant nuclear plant in southwest England will open a year later than planned and cost up to £3 billion more than previously thought, French electricity giant EDF said Thursday.

Rwanda says UK asylum seekers to arrive 'in next few weeks'

The first batch of asylum seekers sent to Rwanda from the UK under a controversial new deal will likely arrive in the East African nation "in the next few weeks", officials in Kigali said Thursday.

Record-breaking cold in Brazil threatens homeless, crops

Coats and scarves have come out prematurely in Brazil, as the south of the tropical country experiences a record-breaking cold spell, a menace for both homeless people and crops.

Harley-Davidson shares fall as it suspends plants for 2 weeks

Harley-Davidson suspended most assembly operations and shipments for two weeks due to an unspecified supply chain problem, the motorcycle maker announced Thursday.

Biden leaves for Asia under Ukraine, N.Korea nuclear shadows

President Joe Biden left Thursday for South Korea and Japan to cement US leadership in Asia at a time when the White House's attention has been pulled back to Russia and Europe -- and amid fears of a North Korean nuclear test during his trip.

Recession fears, rising inflation spook global markets

European and Asian markets took a beating Thursday after Wall Street suffered one of its worst batterings in two years over recession fears after decades-high inflation.

Even streaming services fall short on diversity: Viola Davis

Streaming services have cracked open a door for communities long shut out of Hollywood, Oscar winner Viola Davis told the Cannes Film Festival on Thursday, but more imagination is still needed around black roles.

Sawt Falasteen - Economy (English)