Sawt Falasteen - Economy

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Featured

Airstrikes, drones, tariffs: being US friend not what it used to be

Donald Trump returned to the White House vowing always to put America first. In recent days, even longtime US allies have found out the hard way that friendship has limits.

Fitch downgrades France's credit rating in new debt blow

The Fitch agency downgraded France's credit rating on Friday, as President Emmanuel Macron struggles with political instability and disagreements on how to put the country's strained public finances in order.

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Stocks hang onto gains as rate cuts in focus

Global stocks on Friday mostly held onto gains made earlier this week on expectations of a cut to US interest rates.

UN expert urges protection for indigenous Botswana people

A United Nations human rights expert on Friday urged Botswana's government to grant constitutional recognition and stronger protections to indigenous communities, citing longstanding discrimination against the San people.

Russian central bank cuts interest rate as economy slows

Russia's central bank on Friday cut its key interest rate, but warned inflation was still too high, amid growing concerns over an economic slowdown amid the Ukraine offensive.

Microsoft avoids EU antitrust fine with Teams commitments

The EU said Friday it had accepted Microsoft's commitment to more clearly separate the Teams communications app from its Office products -- sparing the US tech giant a hefty antitrust fine.

Stocks, dollar diverge with focus on rates

European stock markets mostly retreated Friday after gains among Asia's main indices, ahead of a likely cut to US interest rates next week.

S. Koreans greeted with applause at home after US detention

Hundreds of South Korean workers were greeted by applause and tearful relatives Friday when they returned home after being tangled in a US immigration row that cast a shadow over massive Korean investments in the United States.

Nepalis assess damage after terror of deadly protests

Retired Nepali civil servant Dhruba Shrestha has lived through decades of turmoil, from civil war to political upheaval, but the 76-year-old says nothing compared to the violence that engulfed the Himalayan nation this week.

Board of Spain's Sabadell bank rejects BBVA takeover bid

Spanish bank Sabadell on Friday said its board had rejected larger national rival BBVA's hostile takeover bid and urged shareholders to shun it as the clock ticked down on their final decision.

UK economy stalls in July in fresh government setback

Britain's economy stagnated in July, official data showed Friday, dealing another blow to the Labour government after a turbulent week for Prime Minister Keir Starmer.

Stocks rally into weekend with US rate cut 'seemingly locked in'

Most markets extended gains Friday, tracking record highs across Wall Street, after US inflation and jobs data all but set in stone a Federal Reserve interest rate cut next week.

UK economy stalls in July

Britain's economy stagnated in July, official data showed Friday, dealing another blow to the Labour government at the end of a turbulent week for Prime Minister Keir Starmer.

US tariffs deal stokes 'monster' pick-up fears in Europe

Considered powerful, heavy-duty vehicles by their fans and dangerous gas-guzzling "monsters" by detractors -- could large pick-up trucks, long a staple on US roads, be about to roam in greater numbers across Europe?

Ukraine's energy strikes hit Russians at the pump

Watching the price tick higher as he filled up his car, Russian pensioner Oleg railed against the recent surge in petrol prices, pushed higher by Ukrainian strikes on Russia's oil infrastructure.

Asian stocks surge into weekend with US rate cut 'seemingly locked in'

Asian markets surged again Friday, tracking record highs across Wall Street, after US inflation and jobs data all but set in stone a Federal Reserve interest rate cut next week.

S. Korea workers head home after US immigration raid

Hundreds of South Korean workers were headed back to Seoul on Friday after their detention in a US immigration raid that Hyundai warned will delay completion of its battery factory.

Bad Bunny to skip US in world tour, fears immigration raids

The wildly popular Puerto Rican rapper Bad Bunny says he will skip the United States during an upcoming world tour because he fears raids by immigration agents at his concerts.

Global stocks rise as US inflation data hits forecast

Global stock markets rose on Thursday as US inflation data came in as anticipated, reinforcing the prospect of a Federal Reserve interest rate cut next week.

Albania appoints AI-generated minister to avoid corruption

Albanian Prime Minister Edi Rama said Thursday he had appointed the world's first AI-generated government minister to oversee public tenders, promising its artificial intelligence would make it "corruption-free".

Trump, other officials mourn Charlie Kirk amid 9/11 tributes

US President Donald Trump and other officials paid tribute to slain right-wing activist Charlie Kirk on Thursday as the country marked the 24th anniversary of the September 11, 2001 attacks.

ECB seeks to ease jitters over France crisis

European Central Bank chief Christine Lagarde said Thursday she was "confident" officials would seek to reduce uncertainty as France's crisis rattles investor confidence, and suggested the bank was ready to intervene if needed.

Global stocks rise as no surprise on US inflation data

Global stock markets rose on Thursday as US inflation data that came in as expected reinforced expectations of a Federal Reserve interest rate cut next week.

US consumer inflation heats up but unlikely to deter rate cut

US consumer inflation rose last month to its highest level since January, government data showed Thursday, although analysts believe that this is unlikely to deter the central bank from an interest rate cut next week.

ECB holds rates as France crisis looms over meeting

The European Central Bank held interest rates steady again Thursday with inflation under control and trade tensions having eased, even as France's political crisis presents policymakers with a fresh challenge.

Stocks up before US inflation, ECB rate call

European and Asian stock markets rose Thursday as traders awaited more US inflation data and the European Central Bank's latest decision on interest rates.

Mexico, under US pressure, mulls 50% tariff on Chinese cars

Mexico, under pressure not to serve as a back door for Chinese goods entering the United States, has proposed a 50 percent duty on car imports from the Asian giant -- up from 15-20 percent.

Most markets rise as US producer price data stokes rate cut bets

Asian equities mostly rose Thursday as investors built on this week's rally after US data ramped up expectations for a string of interest rate cuts.

French lawmakers urge social media ban for under-15s

Children under 15 in France should be banned entirely from using social media, and those aged between 15 and 18 should face a nighttime "digital curfew", a French parliamentary committee urged on Thursday.

France political crisis looms over ECB meeting

France's political crisis will likely take centre stage at a European Central Bank meeting Thursday, with turmoil in the eurozone's second-biggest economy causing a fresh headache for policymakers.

Hong Kong LGBTQ rights setback takes emotional toll

At a tiny, cluttered flat in Hong Kong, four people sat around a large rainbow flag and quietly started to embroider.

French lawmakers urge 'digital curfew' for teens

Markets mostly up as US producer price data stokes rate cut bets