Sawt Falasteen - Economy

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Oil prices slide, AI stock buzz fades

Oil prices fell further Tuesday on speculation the United States and Iran could make progress on talks to end the Middle East war this week, but a tech rally on enthusiasm about Meta's new AI agent faded.

Quoin Pharmaceuticals Announces FDA Fast Track Designation for QRX003 for the Treatment of Peeling Skin Syndrome

– First-Ever Fast Track Designation Granted for a Peeling Skin Syndrome Therapy

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World must work together to tackle plastic ocean threat: WWF

Plastic has infiltrated all parts of the ocean and is now found "in the smallest plankton up to the largest whale" wildlife group WWF said on Tuesday, calling for urgent efforts to create an international treaty on plastics.

US eases Trump-era tariffs on Japanese steel

The United States will ease tariffs on steel imported from Japan, officials announced Monday, in the latest move by President Joe Biden's administration to resolve trade disputes started under his predecessor Donald Trump.

'Freedom Convoy' raises funds on Christian site after GoFundMe cutoff

The organizers of a trucker-led protest in Canada against Covid mandates have turned to a Christian fundraising site after being cut off by the popular GoFundMe platform.

No plans to quit Europe amid data spat: Facebook's Meta

Facebook's parent firm Meta said Monday it has no plans to pull its services from Europe, after raising the possibility amid an ongoing row over transferring European data to the United States.

Mountain glaciers hold less ice than thought, and that's bad news

Mountain glaciers shrinking due to climate change are less voluminous than previously understood, putting millions who depend on them for water supply at risk, researchers reported Monday.

Stocks waver as traders eye rate hikes, Ukraine

European stock markets rose on Monday but Wall Street fell as investors track corporate earnings, expected interest rate hikes and the standoff over Ukraine.

Stocks rise as traders eye rate hikes, Ukraine

Stock markets in the United States and Europe mostly rose Monday as investors track corporate earnings, expected interest rate hikes and the standoff over Ukraine.

France's nuclear ambitions take shape with turbine deal

French electricity giant EDF prepared Monday to close a deal for the nuclear turbines business of General Electric, the latest step in President Emmanuel Macron's plans to revive his country's atomic power drive.

Stocks steady as traders mull interest rate outlooks

Stock markets largely steadied Monday with sentiment dominated by the outlook for interest rate rises as inflation soars.

Spotify CEO says won't silence Rogan over racial slur

The head of music streaming giant Spotify Daniel Ek has condemned podcaster Joe Rogan's use of a racial slur but insisted that silencing him was not the answer.

Overmars quits Ajax over 'inappropriate' messages to female colleagues

Former Dutch international Marc Overmars resigned as sporting director of Ajax after admitting sending a "series of inappropriate messages" to female colleagues, the club announced.

Commodities drive Indonesia economic recovery in 2021

Indonesia's economy returned to growth last year as surging commodity prices helped drive a recovery from a coronavirus-triggered recession, data showed Monday, though officials warned the outlook depended on how well the fast-spreading Omicron variant is managed.

Toshiba unveils new plan to split into two companies

Japan's Toshiba on Monday announced plans to split into two companies, revising proposals to divide into three following a tumultuous period for the storied industrial conglomerate.

Asian markets mixed as US jobs data ramps up rate-hike bets

Asian markets fluctuated in early trade on Monday as a forecast-busting US jobs report reinforced optimism that the world's top economy was well on the recovery track but also ramped up interest rate hike expectations.

Cuba marks six decades under US sanctions

Cuba on Monday marks 60 years under a US economic blockade that has deeply affected the communist nation's fortunes and shows no signs of being lifted.

In-person Berlin film fest stands up to pandemic, streaming

The 72nd Berlin film festival opens Thursday, bucking a trend of pandemic on-the-couch streaming with a packed programme of live premieres featuring a stable of European screen legends.

Lata Mangeshkar 'Nightingale of India' dies aged 92

Bollywood superstar Lata Mangeshkar, known to millions as the "Nightingale of India" and a regular fixture of the country's airwaves for decades, died Sunday morning at the age of 92.

Wind powers change in England's industrial heartland

On the banks of the River Humber in northern England, the winds of change are blowing through Hull, where factory workers busily craft turbine blades in a green revolution.

Morocco boy found dead in tragic end to well ordeal

Moroccan emergency crews found a five-year-old boy dead at the bottom of a well late Saturday in a tragic end to a painstaking five-day rescue operation that gripped the nation and beyond.

Morocco bid to free boy from well reaches agonising final stretch

Morocco held its breath Saturday as rescue teams drew near a five-year-old boy trapped down a well for days, moving at a snail's pace for fear of triggering a landslip, AFP correspondents reported.

Ford curbs N.American production as chip shortage hits: media

Major automaker Ford will cut its North American vehicle production next week due to a semiconductor shortage, US media reported Saturday.

Metres to go in effort to free Moroccan boy from well

Moroccan rescuers were only metres away Saturday in their nerve-wracking but increasingly urgent effort to rescue Rayan, a five-year-old boy trapped underground whom they hope to find alive.

Austria Covid-19 'gargle' tests in expansion drive

Throughout the day, vans loaded with bags full of Covid PCR test kits arrive at a Vienna laboratory, currently analysing an average of 370,000 tests per day.

Oil prices extend gains as markets weigh strong US jobs data

Stocks were mixed Friday as markets weighed a surprisingly good US jobs report against concerns over tightening monetary policy, while oil prices pushed closer to $100 a barrel.

Meta adds 'personal boundary' tool after virtual world harassment

Facebook parent Meta began rolling out Friday a minimum distance between users' avatars in its virtual reality Horizon network after reports of harassment, one of the thorny issues for its metaverse vision.

Morocco bid to free boy from well reaches nerve-wracking final stages

Moroccan rescuers were in the nerve-wracking final stages Friday of a marathon effort to rescue Rayan, a five-year-old boy trapped down a well for a fourth night.

US lawmakers advance China competition bill

US lawmakers voted Friday to greenlight a multibillion-dollar bill aimed at jumpstarting high-tech research and manufacturing, countering China's growing influence and easing a global shortage of computer chips.

Oil prices, US jobs data weigh on stocks

A surge in oil prices to close to $93 per barrel as well as robust US jobs data weighed on stock prices Friday as they fuelled expectations central banks will move forcefully to raise interest rates.

US saw surprisingly robust hiring in January despite Covid surge

The US economy brushed off a spike in Covid-19 infections to add 467,000 jobs in January, far better than expected and a potential sign that the pandemic's days of disrupting businesses are numbered.

EU, US thaw trade tensions further with mollusc sales

The European Union and the United States signalled Friday a further thawing of trade tension as they agreed to resume trade in mussels, clams, oysters and scallops after a decade-long halt.

Blinken to Australia next week for Quad group meeting

US Secretary of State Antony Blinken travels to Australia next week for a Quad group ministerial meeting also involving his counterparts from India and Japan to discuss maritime security and cooperation against Covid, the State Department said Friday.

Mosque-goers pray for rain in drought-scorched Morocco

Mosques held prayers for rain on Friday across the parched North African kingdom of Morocco where farmers are battling an acute drought.

Sawt Falasteen - Economy (English)