Sawt Falasteen - Economy

Musk 'wanted 90%' of OpenAI, Altman tells tech titan trial

Elon Musk was obsessed with trying to control OpenAI, the artificial intelligence company's CEO Sam Altman said Tuesday at a blockbuster trial pitting some of the world's wealthiest tech titans against each other.

Oil prices advance, stocks mostly fall on US-Iran deadlock

Oil prices rallied and stock markets mostly fell Tuesday as markets digested the lack of progress towards Middle East peace and awaited a US-China summit.

US appeals court halts order declaring Trump's global 10% tariff illegal

A US federal appeals court on Tuesday temporarily paused a ruling declaring President Donald Trump's global 10-percent tariffs illegal, granting a government request to suspend the decision pending appeal.

Showtime as boycotted Eurovision kicks off

The Eurovision semi-finals kicked off Tuesday amid blasts of dry ice and jets of flame with Israel waiting in the wings, its participation triggering the song contest's biggest-ever political boycott.

Kevin Warsh returns to Federal Reserve with 'regime change' agenda

Kevin Warsh, the incoming chair of the US Federal Reserve, will return to the central bank with an ambitious reform agenda and the looming threat of intimidation by the man who nominated him: US President Donald Trump.

US Senate confirms Trump-nominee Warsh to Federal Reserve board

The US Senate on Tuesday confirmed Kevin Warsh as a governor on the board of the Federal Reserve, clearing the way for him to take the reins of the central bank later this week as the world's largest economy faces inflation at a three-year-high.

Wine consumption slides in 2025

Wine consumption fell worldwide last year, the industry's trade body said Tuesday, amid changing lifestyles and economic pressure on consumers.

Trump due in China for superpower summit with Xi

Donald Trump was due in Beijing Wednesday for the first visit to China by a US president in nearly a decade, as the war he launched on Iran in February added to the heap of issues straining the powers' ties.

Oil prices advance, stocks retreat on US-Iran deadlock

Oil prices rallied and stock markets fell Tuesday as investors braced for further volatility after talks appeared to stall on ending the Middle East war and re-opening the Strait of Hormuz to tanker and cargo ship traffic.

US consumer inflation hits three-year high fuelled by Iran war

Consumer inflation in the United States hit a three-year high in April, government data showed Tuesday, with the economic fallout of the Iran war rippling through the world's largest economy.

Oil prices jump, stocks retreat on US-Iran deadlock

Oil prices rallied and stock markets fell Tuesday as investors braced for further volatility after talks appeared to stall on ending the war in the Middle East and re-opening the Strait of Hormuz to tanker and cargo ship traffic.

South Korea official floats AI profit social tax as tech giants boom

A top South Korean official has proposed a tax on AI profits to be redistributed among society as a semiconductor boom drives massive earnings for tech giants Samsung Electronics and SK hynix.

Vodafone sees signs of recovery amid turnaround plan

British mobile phone giant Vodafone said Tuesday that it sharply reduced its annual losses as it undergoes major restructuring to refocus on its core markets after years of weak performance.

Bayer profit up but glyphosate sales struggle

German agrichemical and pharmaceutical giant Bayer reported Tuesday a bump in first-quarter profit, driven by its agricultural business even as high-stakes lawsuits over its glyphosate weedkillers drag on in the United States.

Japan crisp packs to go colourless due to Iran war crunch

Japan's leading potato chip maker is feeling the crunch from shortages linked to the Iran war, swapping its signature orange-and-yellow packets for black and white.

US-Iran deadlock pushes oil higher, Seoul falls on calls for AI social tax

Oil prices climbed on Tuesday as US-Iran talks stalled, while South Korean calls for a social tax on AI profits dragged down the tech-rich Kospi index.

'Genuine urgency': China's underlying concerns at the Xi-Trump talks

When US President Donald Trump meets Chinese counterpart Xi Jinping in Beijing this week, the shadow the Iran conflict casts over the summit might appear to give China's leader a clear advantage.

Oil climbs on US-Iran deadlock, Seoul falls on calls for AI social tax

Oil prices climbed on Tuesday as US-Iran talks stalled, while South Korean calls for a social tax on AI profits dragged down the tech-rich Kospi index.

Bayer profit up on seed business but glyphosate sales struggle

German agrichemical and pharmaceutical giant Bayer reported a bump in first-quarter profit on Tuesday, driven by its agricultural business, even as sales of controversial glyphosate-based weedkillers struggled.

Israel takes the stage in semis of boycotted Eurovision

Israel will take to the stage as the Eurovision semi-finals kick off in Vienna on Tuesday, with its very participation triggering the song contest's biggest-ever political boycott.

Thyssenkrupp cuts sales outlook on Mideast war

German industrial giant Thyssenkrupp cut it sales forecast Tuesday, warning that the war in the Middle East would have an impact on customer demand.

South Korea floats AI profit social tax as tech giants boom

A top South Korean official has proposed a tax on AI profits to be redistributed among society as a semiconductor boom drives massive earnings for tech giants Samsung Electronics and SK hynix.

Oil climbs but markets shrug off US-Iran deadlock

Oil prices climbed on Tuesday as US-Iran talks stalled, while markets were mixed as traders appeared to shrug off uncertainty over the 10-week-old war.

MD-11, aircraft in fatal crash, cleared for US flight once more

The McDonnell Douglas MD-11 -- a jetliner involved in a fatal crash in November -- has been cleared to return to flight, the US Federal Aviation Administration (FAA) said Monday.

Microsoft boss 'proud' of profit-making OpenAI investment

Microsoft CEO Satya Nadella said Monday he was "very proud" of his company's profitable early investment in OpenAI, as he took the stand in Elon Musk's blockbuster lawsuit against the leaders of the AI giant behind ChatGPT.

Indie series 'Everyone Is Doing Great' returns... on Netflix

Indie art-imitating-life comedy series "Everyone Is Doing Great" returns for its second season Monday on Netflix after a five-year hiatus -- and at a time when independent TV is booming, its creators say.

Trump warns Mideast truce on 'life support', Iran says ready for any aggression

President Donald Trump warned the ceasefire in the Middle East war was on "life support" Monday after rejecting the latest counteroffer from Iran, which said its military stood ready to respond to any act of aggression.

Cannes Film Festival defends male-dominated competition

The head of the Cannes Film Festival defended Monday making another male-dominated selection in a year when the movie "Thelma and Louise" features on the official poster.

SNC Scandic Coin: Real assets meet digital utility

Neue Zürcher Nachrichten (NZN) interviewed Uwe Sellmer about the fintech project SNC Scandic Coin, run by the globally active SFG (Scandic Finance Group) based in Hong Kong. Unlike many cryptocurrencies, the SNC is intended to function as a regulated payment and loyalty instrument within a global network of real-world services.NZN: Digital currencies are dominating the headlines. What attracts people to the SNC Scandic Coin, and how does it differ from the speculative tokens flooding the market?Uwe Sellmer: The appeal lies in the combination of technology, regulation and real-world utility. SFG brings together companies from the media sector – with over 115 of its own daily newspapers operating across all continents – as well as finance, mobility, technology, real estate and data centres, and uses the token within this network for payments. Holders can use it to pay for services such as flights, yachts, apps and domains. The supply is capped at one billion SNC; only a small portion will be issued at launch. The proceeds go towards security, audits, infrastructure, liquidity, marketing and operations. A clear purpose and low fees set it apart from speculative coins.Neue Zürcher Nachrichten: What does the Scandic ecosystem look like, and how does the media group fit into it?Uwe Sellmer: The Scandic ECO System encompasses aviation, data technology, real estate, mobility, healthcare and other sectors. The token serves as a common means of payment, as well as an access and customer loyalty tool for these services. One partner in the network is the Legier Group, which, amongst other things, publishes daily newspapers on every continent and, together with its own news app https://apps.apple.com/de/app/legier-global-news/id6756674261 and https://play.google.com/store/apps/details?id=com.pagedrop.lagier, explains the project and promotes its launch. This blend of services and media helps to combine real value with communication.Neue Zürcher Nachrichten: How do you ensure security and regulatory compliance?Uwe Sellmer: In early 2026, the smart contract was audited by CertiK https://skynet.certik.com/projects/scandic-coin. The Skynet report shows that an audit took place in March 2026, which yielded a high rating in terms of security and, consequently, trust. We have completed a full KYC verification, collaborate with regulatory authorities worldwide and have published a comprehensive white paper. CRIF, a global group specialising in credit and business information systems, analytics, outsourcing and open banking solutions, handles the KYC and anti-money laundering processes for the SNC Scandic Coin. An ESG certificate and multi-layered risk management confirm compliance.Neue Zürcher Nachrichten: Why did you choose the name “SNC Scandic Coin”?Uwe Sellmer: The letters SNC stand for S: Security / Synergy, N: Network and C: Community. They encapsulate our aim to connect different industries and build a community of users and partners. Scandinavian values such as transparency, modern design and digital literacy are reflected in our principles and underpin the fact that the SNC Scandic Coin is part of the SFG, which stands for trust and networking.Neue Zürcher Nachrichten: When and where will trading begin?Uwe Sellmer: Trading will begin shortly. The coin will initially be listed on BitMart, a regulated global exchange. In 2025, BitMart’s annual futures trading volume rose by 68 per cent, exceeding the sum of 9 trillion US dollars in the past year 2025. Agreements with other major, well-known exchanges have been signed for the SNC Scandic Coin and will launch simultaneously; their names will be announced prior to the exchange launch. Up-to-date information is available on our official channels and on the website https://www.SNCCoin.dev

SNC Scandic Coin: реальные активы и цифровые возможности

Газета Neue Zürcher Nachrichten (NZN) взяла интервью у Уве Селлмера о финтех-проекте SNC Scandic Coin, реализуемом глобальной компанией SFG (Scandic Finance Group) из Гонконга. В отличие от многих криптовалют, SNC должен функционировать как регулируемый платежный и лояльный инструмент в глобальной сети реальных услуг.NZN: Цифровые валюты доминируют в заголовках новостей. Что привлекает людей в SNC Scandic Coin и чем он отличается от спекулятивных токенов, которые наводняют рынок?Уве Селлмер: Привлекательность создается благодаря сочетанию технологий, регулирования и реальной пользы. SFG объединяет компании из сферы СМИ, владеющие более чем 115 собственными ежедневными газетами, которые работают на всех континентах, а также из сферы финансов, мобильности, технологий, недвижимости и центров обработки данных, и использует токен в этой сети для платежей. Владельцы могут оплачивать с его помощью такие услуги, как авиабилеты, яхты, приложения и домены. Предложение ограничено одним миллиардом SNC; на старте будет выпущена лишь небольшая часть. Поступления направляются на обеспечение безопасности, аудит, инфраструктуру, ликвидность, маркетинг и операционную деятельность. Четкая цель и низкие комиссии отличают его от спекулятивных монет.Neue Zürcher Nachrichten: Как выглядит экосистема Scandic и какое место в ней занимает медиагруппа?Уве Селлмер: Экосистема Scandic охватывает авиацию, информационные технологии, недвижимость, мобильность, здравоохранение и другие сферы. Токен служит общим платежным средством, инструментом доступа и удержания клиентов для этих услуг. Одним из партнеров в сети является Legier Group, которая, среди прочего, издает ежедневные газеты на всех континентах и, вместе со своим собственным новостным приложением https://apps.apple.com/de/app/legier-global-news/id6756674261, а также сайтом https://play.google.com/store/apps/details?id=com.pagedrop.lagier, рассказывает о проекте и способствует его внедрению. Это сочетание услуг и медиа помогает объединить реальную ценность с коммуникацией.Neue Zürcher Nachrichten: Как вы обеспечиваете безопасность и соответствие нормативным требованиям?Уве Селлмер: В начале 2026 года смарт-контракт был проверен CertiK https://skynet.certik.com/projects/scandic-coin. Отчет Skynet показывает, что в марте 2026 года был проведен аудит, в ходе которого была получена высокая оценка в отношении безопасности и, следовательно, доверия. Мы завершили полную KYC-верификацию, сотрудничаем с регулирующими органами по всему миру и опубликовали подробный технический документ. CRIF, международная группа компаний, специализирующаяся на системах кредитной и экономической информации, аналитике, аутсорсинге и решениях для открытого банкинга, отвечает за процессы KYC и противодействия отмыванию денег для SNC Scandic Coin. Сертификат ESG и многоуровневое управление рисками подтверждают соблюдение требований.Neue Zürcher Nachrichten: Почему вы выбрали название «SNC Scandic Coin»?Уве Селлмер: Буквы SNC означают: S — Security / Synergy (безопасность/синергия), N — Network (сеть) и C — Community (сообщество). Они отражают нашу цель — объединить различные отрасли и создать сообщество пользователей и партнеров. Скандинавские ценности, такие как прозрачность, современный дизайн и цифровая грамотность, нашли свое отражение в наших принципах и подчеркивают, что монета SNC Scandic Coin является частью SFG, что символизирует доверие и взаимосвязанность.Neue Zürcher Nachrichten: Когда и где начнется торговля?Уве Селлмер: Торговля начнется в ближайшее время. Монета сначала будет котироваться на BitMart, регулируемой глобальной бирже. В 2025 году годовой объем торгов фьючерсами на BitMart вырос на 68 процентов, превысив в прошлом 2025 году сумму в 9 триллионов долларов США. Для SNC Scandic Coin подписаны контракты с другими известными крупными биржами, которые начнут работу одновременно; их названия будут объявлены перед запуском торгов. Актуальную информацию можно найти на наших официальных каналах и на сайте https://www.SNCCoin.dev

Trump says Mideast truce on 'life support' after rejecting Iran stance

President Donald Trump said the ceasefire in the Middle East war was on "life support" Monday after rejecting Iran's latest counteroffer, which it said had included demands for the release of frozen assets and the end of a US blockade.

Oil rises, stocks mostly higher on US-Iran deadlock

Global stock markets mostly rose while oil prices climbed on Monday after US President Donald Trump rejected Iran's terms for ending the war in the Middle East.

BCC	2.91%	70.01	$
CMSD	-0.58%	22.28	$
CMSC	-0.22%	22.31	$
BCE	1.63%	24.58	$
BTI	0.43%	59.95	$
NGG	1.12%	81.08	$
GSK	1.19%	51.25	$
RIO	0.48%	101.42	$
RBGPF	2.42%	61.5	$
JRI	2.04%	12.72	$
RYCEF	-0.92%	16.37	$
AZN	1.02%	183.43	$
VOD	-0.95%	14.67	$
RELX	1.2%	34.94	$
BP	-2.46%	42.67	$

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