Sawt Falasteen - Economy

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Bolivia's Paz forced to fire economy minister in mid-crisis

Bolivian President Rodrigo Paz was forced to fire his economy minister on Friday after legislators voted to remove him for ducking questions about his handling of a severe economic crisis.

Brazil's Lula urges tariffs resolution in call with Trump

Brazilian President Luiz Inacio da Silva urged US counterpart Donald Trump in a phone call on Friday to resolve their countries' trade dispute, saying US tariffs were imposed on "baseless" grounds.

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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.

Instagram users given new algorithm controls

Instagram on Wednesday unveiled a new AI-powered feature that lets users view and adjust the algorithm shaping their Reels feed, calling it a pioneering move toward greater user control.

US Fed expected to make third straight rate cut despite divisions

The US Federal Reserve is expected to deliver a further interest rate cut Wednesday despite divisions among its ranks, with chief Jerome Powell's ability to secure support from fellow policymakers put to the test.

EU seeks better Spain-France energy links after blackout

The EU said Wednesday it wants to boost energy links between France and Spain as part of a bloc-wide push to secure power supplies, months after a massive outage hit the Iberian Peninsula.

Madeleine McCann's father says 'lucky' to survive media attention

The father of missing British girl Madeleine McCann has called for greater scrutiny of the UK's media, saying in an interview published Wednesday that his family received a "monstering" from sections of the press.

Greek govt in emergency meeting as farmers block central port

Greece's government held emergency meetings Wednesday to address a growing farm protest movement, as demonstrators temporarily blocked the central port of Volos.

China consumer prices pick up pace but demand still slack

Rising food costs pushed consumer inflation in China last month to its fastest pace in nearly two years, data showed Wednesday, but lower factory-gate prices suggested demand in the world's second-largest economy remains weak.

Not just pizza: Italian cuisine makes UNESCO list

UNESCO recognised Wednesday that Italian food is more than pizza, pasta and gelato, adding the range and ritual of the famed cuisine to its list of intangible cultural heritage.

France's 'Battery Valley' makes use of Asian experts

France is developing domestic production of electric vehicle batteries with an eye on industrial independence but Asian experts are proving key in launching operations.

Stocks in retreat as traders eye Fed decision, tech earnings

Most markets fell Wednesday following a tepid day on Wall Street as investors bided their time ahead of a highly anticipated Federal Reserve policy announcement later in the day.

China surplus pushing EU to take 'offensive' trade measures: business lobby

China's mammoth trade surplus with Europe as well as challenges faced by foreign firms in the country are incentivising Brussels to adopt more "offensive" policies, a business lobby warned Wednesday.

Veggie 'burgers' at stake in EU negotiations

EU countries and lawmakers will wrangle Thursday over whether to give plant-based "sausages" and veggie "burgers" the chop, amid a push to restrict such labels to meat products.

UK public urged to keep eyes peeled for washed-up bananas

A "major" clean-up operation was ongoing in southern England on Tuesday after eight containers of bananas went overboard a cargo ship, with hundreds of rotting fruits washing up along the shoreline.

South Korea chip giant SK hynix mulls US stock market listing

South Korean chip giant SK hynix said on Wednesday it was considering a US stock market listing using treasury shares as part of efforts to boost shareholder value.

Indigenous artifacts returned by Vatican unveiled in Canada

Indigenous artifacts taken from Canada by Catholic missionaries to Rome a century ago were unveiled at a Canadian museum on Tuesday, repatriations that have sparked calls for the Vatican to return other treasured items.

TotalEnergies in deal for Namibia offshore oil field

TotalEnergies said Tuesday it had reached a deal to become a partner in the Mopane oil field off the coast of Namibia, where exploration remains underway.

Stock markets drift on eve of Fed rate call

Global stock markets traded mixed on Tuesday on uncertainty over the US Federal Reserve's plans for interest rates next year.

Microsoft announces $17.5 bn investment in India, its 'largest ever' in Asia

Global technology giant Microsoft announced on Tuesday plans to invest $17.5 billion to help build India's artificial intelligence infrastructure, with CEO Satya Nadella calling it "our largest investment ever in Asia".

Bleak year for German engineering firms amid US, China turmoil

Production in Germany's key engineering sector plunged for a third straight year in 2025 as firms were squeezed by US tariffs and fierce Chinese competition, an industry group said Tuesday.

France's prime minister faces crunch vote in parliament

France's social security bill was to go to a vote in parliament Tuesday, in a key hurdle for Prime Minister Sebastien Lecornu after he pledged to deliver a 2026 budget by year-end.

BMW names new boss to steer car giant in tough times

BMW said Tuesday its head of production Milan Nedeljkovic will take over as chief executive as the German auto giant contends with challenges ranging from the electric shift to Chinese competition.

'Resilient' airlines head for record passenger numbers: IATA

International airlines expect to transport a record 5.2 billion passengers in 2026 despite global headwinds affecting the sector, the industry's trade association said on Tuesday.

Greek govt seeks to tackle farmer protests after Crete clashes

Greece's government was on Tuesday scrambling to keep angry farmers from blocking key infrastructure after airports were occupied on Crete in a growing nationwide protest for agriculture funds.

EU launches antitrust probe into Google's data use for AI

The EU announced Tuesday it had opened a probe to assess whether Google breached antitrust rules by using content put online by media and other publishers to train and provide AI services without appropriate compensation.

German exports tread water as US, China shipments fall

German exports almost stagnated in October, official data showed Tuesday, as heavy declines in shipments to the United States and China eclipsed growing trade with the rest of Europe.

South Korea police raid e-commerce giant Coupang over data leak

South Korean police raided the Seoul headquarters of e-commerce giant Coupang on Tuesday over a recent data leak believed to have affected almost two-thirds of the country's population.

Most markets track Wall St losses as jitters set in ahead of Fed

Most stocks fell in Asia on Tuesday as investors grow nervous about the Federal Reserve's plans for interest rates next year following an expected cut this week.

Techmer PM Joins Formerra's Portfolio in North America

Formerra will distribute Techmer PM color masterbatches, high-performance additives, and pre-colored compounds across the U.S., Canada, and Mexico.

Trump says US will allow sale of Nvidia AI chips to China

President Donald Trump said Monday he had reached an agreement with President Xi Jinping to allow US chip giant Nvidia to export advanced artificial intelligence chips to China.

Sawt Falasteen - Economy (English)