Sawt Falasteen - Economy

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Featured

World stocks mostly slide, consolidating Fed-fuelled gains

Stock markets on both sides of the Atlantic pulled back Friday as profit-taking trimmed some of the gains seen after the Federal Reserve's interest rate cut this week.

Crypto firm Tether bids for Juventus, is quickly rebuffed

Cryptocurrency firm Tether said Friday it had submitted a bid to Juventus's main shareholder, Exor, to acquire its entire stake in the Turin football club -- but was quickly rebuffed.

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Can Venezuela survive US targeting its oil tankers?

Venezuela has been sidestepping a US oil export embargo for years, selling crude at a discounted price mainly to China. But even this limited income stream is now under threat after the United States seized a Cuba-bound tanker.

World stocks retrench, consolidating Fed-fuelled gains

Stock markets on both sides of the Atlantic pulled back Friday as pre-weekend profit-taking pared some, but not all, of the gains seen after the Federal Reserve bank delivered a much-anticipated rate easing this week.

Iran frees child bride sentenced to death over husband's killing: activists

Iranian authorities have freed a woman who was condemned to hanging over the killing of her husband who she married while a child, in a case that sparked international concern over the plight of women sentenced to death in the Islamic republic, rights activists said on Friday.

World stocks consolidate Fed-fuelled gains

Global stocks on Friday held on to gains seen after the Federal Reserve bank delivered a much-anticipated rate easing this week, but investors shied away from big bets on the future direction of US interest rates.

France updates net-zero plan, with fossil fuel phaseout

France released on Friday a revamped roadmap to become carbon neutral by 2050, with an ambitious plan to phase out oil and gas.

Stocks rally in wake of Fed rate cut

European and Asian stock markets rose Friday as investors tracked a record session on Wall Street in the wake of the Federal Reserve's latest interest rate cut.

EU agrees recycled plastic targets for cars

Car manufacturers in Europe will have to include more recycled plastics in new vehicles under new EU rules agreed on by the bloc's countries and lawmakers on Friday.

British porn star to be deported from Bali after small fine

Controversial British adult film star Bonnie Blue will be deported from Indonesia's Bali island, an immigration official said Friday, after earlier receiving a small fine for traffic violations.

British porn star fined, faces imminent Bali deportation

Controversial British adult film star Bonnie Blue is expected to be deported from Indonesia's Bali island on Friday after receiving a small fine for traffic violations, her lawyer said.

South Korea exam chief resigns after tests dubbed too hard

The chief organiser of South Korea's notoriously gruelling university entrance exams has quit -- after complaints that an English test he designed was just too difficult.

Asian markets track Wall St record after Fed cut

Asian equities rose Friday as investors tracked a record day on Wall Street in the wake of the Federal Reserve's latest interest rate cut.

Vaccines do not cause autism: WHO

A new analysis by the World Health Organization reaffirmed there is no link between vaccines and autism -- contrary to theories being propagated in the United States.

Crypto mogul Do Kwon sentenced to 15 years for fraud: US media

South Korean cryptocurrency tycoon Do Kwon was sentenced to 15 years in prison Thursday over fraud linked to his company's failure, which wiped out $40 billion of investors' money and shook global crypto markets, US media reported.

OpenAI beefs up GPT models in AI race with Google

OpenAI released its latest artificial intelligence models on Thursday, shrugging off worries about how it will cash in on massive spending in its technology race with Google.

2024 Eurovision winner Nemo returns trophy over Israel's participation

Nemo, last year's Eurovision winner, said Thursday he was returning the 2024 trophy in protest over Israel's continued participation, which has already prompted five countries to pull out.

US bringing seized tanker to port, as Venezuela war threats build

An oil tanker seized by American forces off the Venezuelan coast will be brought to a port in the United States, the White House said Thursday, as fears mount of open conflict between the two countries.

Dow hits record high despite AI fears

The Dow hit a record high on Thursday despite disappointing earnings from software giant Oracle reviving concerns over sky-high AI valuations.

Time magazine names 'Architects of AI' as Person of the Year

Time magazine named the "Architects of AI" as its Person of the Year on Thursday, highlighting the US tech titans whose work on cutting-edge artificial intelligence is transforming humanity.

OpenAI, Disney to let fans create AI videos in landmark deal

Walt Disney and OpenAI announced a three-year licensing deal Thursday that will allow users to create short videos featuring beloved Disney characters through artificial intelligence.

German growth forecasts slashed, Merz under pressure

Leading German institutes on Thursday downgraded their 2026 growth forecasts, in another bad sign for Chancellor Friedrich Merz whose efforts to reboot Europe's biggest economy face mounting criticism.

Thyssenkrupp pauses steel production at two sites citing Asian pressure

Europe's largest steelmaker Thyssenkrupp is to pause steel production at two sites for about two weeks because of Asian competition, the German firm said Thursday, as the European Union considers tightening its steel tariffs.

ECB proposes simplifying rules for banks

The European Central Bank proposed Thursday simplifying rules for the region's lenders to help them compete internationally, but insisted the move would not weaken guardrails aimed at preventing crises.

Stocks mixed as US rate cut offset by Fed outlook, Oracle earnings

Asian markets were mixed Thursday as earlier gains fuelled by the Federal Reserve's latest interest rate cut were offset by indications the central bank will hold off from further reductions at the start of next year.

Desert dunes beckon for Afghanistan's 4x4 fans

On any Friday, when the Afghan weekend begins, dozens of drivers gather in the Kandahar desert to charge their SUVs up steep ochre dunes, kicking up rooster tails of sand to the delight of spectators.

Breakout star: teenage B-girl on mission to show China is cool

Flipping and spinning on a studio floor, 17-year-old Royal is a star in China's breakdancing scene and aiming for gold at the World Championships in Japan this week.

Chocolate prices high before Christmas despite cocoa fall

After soaring for nearly two years, cocoa prices dropped sharply in 2025. However, chocolate, in demand ahead of the festive holiday season, has seen prices rise.

Asian traders cheer US rate cut but gains tempered by outlook

Most Asian markets rose Thursday as traders welcomed the Federal Reserve's third straight interest rate cut, though the euphoria was tempered by an indication officials could hold off another reduction any time soon.

AI's $400 bn problem: Are chips getting old too fast?

In pursuit of the AI dream, the tech industry this year has plunked down about $400 billion on specialized chips and data centers, but questions are mounting about the wisdom of such unprecedented levels of investment.

Oracle shares dive as revenue misses forecasts

Shares in business computing giant Oracle fell more than 10 percent on Wednesday on word its revenue missed heady expectations, dampening artificial intelligence euphoria in the market.

US stocks rise, dollar retreats as Fed tone less hawkish than feared

Wall Street stocks rose and the dollar retreated Wednesday after the Federal Reserve cut interest rates again as it seeks to shore up a vulnerable US labor market.

Divided US Fed makes third straight rate cut, signals higher bar ahead

A divided US Federal Reserve lowered interest rates Wednesday for a third consecutive time this year, flagging labor market concerns even as inflation remained elevated as President Donald Trump's tariffs bite.

French far right sparks debate with proposal to reopen brothels

Marine Le Pen's far-right party wants to bring back France's once legendary brothels, sparking a fresh debate about prostitution in a country with a long history of liberal attitudes to sex.

Sawt Falasteen - Economy (English)