Sawt Falasteen - Economy

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Bank of Japan holds rates, says to slow bond purchase taper

The Bank of Japan kept interest rates unchanged Tuesday and said it would taper its purchase of government bonds at a slower pace amid concerns about the effect of trade uncertainty on the world's number four economy.

Oil prices jump after Trump's warning, stocks extend gains

Oil prices rallied Tuesday after Donald Trump urged Tehran residents to evacuate, stoking fresh fears of all-out war as Israel and Iran continued to pound each other with missiles.

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Eric Trump says father's energy policies will help crypto

US President Donald Trump's son Eric on Thursday assured the world's leading crypto conference that Washington would hoard "a tremendous amount of bitcoin," aided by his father's policies of slashing environmental protections to ramp up energy production.

US rests case in landmark Meta antitrust trial

The US government rested its case against Facebook-owner Meta on Thursday, as it tries to persuade a US judge that the tech giant bought Instagram and WhatsApp to neutralize them as rivals.

Coinbase expects data breach to cost it up to $400 mn

Coinbase on Thursday said criminals bribed and duped their way to stealing cryptocurrency from its users, then tried to blackmail the exchange to keep the crime quiet.

Protests mark buildup to Eurovision semi-final

The 16 competitors in the Eurovision Song Contest's second semi-final went through a last dress rehearsal marked by protests Thursday ahead of a show when six of them will crash out.

US set to lose $12.5 bn in foreign tourism in 2025: industry

The United States is on track to lose some $12.5 billion in revenue from foreign tourists this year, a tourism industry group said Thursday, as the Trump administration has led a crackdown in immigrants.

US retail sales little changed, signs of pullback after pre-tariff rush

Retail sales in the United States were near-flat in April, government data showed Thursday, with indications that spending is slowing after consumers rushed to beat higher prices from President Donald Trump's sweeping tariffs.

US Fed chair warns of potential for 'more persistent' supply shocks

Federal Reserve Chair Jerome Powell on Thursday warned of the possibility of "more persistent" supply shocks, as US central bankers met for talks against a backdrop of uncertainty kicked up by Donald Trump's tariff rollout.

New Cannes Festival policy bans actor accused of rape

The Cannes film festival barred an actor in a prominent French film from the red carpet on Thursday because of sexual assault allegations, unveiling a new policy under pressure from lawmakers and activists.

'Paradigm shift': Germany says to meet Trump's NATO spending target

Germany under new Chancellor Friedrich Merz surprised NATO allies on Thursday by signalling plans to massively boost defence spending to five percent of GDP as demanded by US President Donald Trump.

Struggling steel giant Thyssenkrupp's shares slump after profit hit

Thyssenkrupp's shares slumped Thursday after it reported worse-than-expected earnings and its steel business took a fresh hit, in more bad news for the struggling German industrial titan.

French chauffeur to face trial over alleged theft from UK minister

A chauffeur faces trial later this year charged with stealing money and baggage from Britain's top diplomat after driving David Lammy and his wife hundreds of kilometres from Italy to an Alpine ski resort in France, a prosecutor said.

China's Alibaba posts annual revenue increase despite spending slump

Internet giant Alibaba posted on Thursday a six percent increase in annual revenue, the latest positive sign for China's tech sector despite persisting economic uncertainties that include sluggish spending and threatened trade.

Tracking the disinfo on Macron's 'cocaine use' in Ukraine

Unsubstantiated claims of supposed cocaine use by French President Emmanuel Macron and German Chancellor Friedrich Merz on a train to Ukraine last weekend may have started from a French account.

Germany's Commerzbank staff protest UniCredit takeover threat

Dressed as a Gallic warrior fighting Roman invaders or wearing the yellow of the Commerzbank logo, employees from the German lender protested Thursday against any takeover attempt by Italy's UniCredit.

China warns Panama ports deal firms to 'proceed with caution'

China urged parties involved in Hong Kong conglomerate CK Hutchison's sale of Panama Canal ports to exercise "caution" Thursday, warning of legal consequences should they proceed without clearance from Beijing.

China's Alibaba says annual revenue up six percent year-on-year

Internet giant Alibaba posted on Thursday a six percent increase in annual revenue, the latest positive sign for China's tech sector despite persisting economic uncertainties.

India says Pakistan nuclear arsenal should be under UN surveillance

Pakistan's nuclear arsenal should be under the surveillance of the UN's nuclear watchdog, Indian Defence Minister Rajnath Singh said Thursday, following a four-day conflict between Islamabad and New Delhi last week.

UK economy grows above forecasts, but tariffs threaten progress

Britain's economy grew more than expected in the first quarter, official data showed Thursday, covering the period before business tax hikes and US President Donald Trump's tariffs blitz took effect.

Eurovision: the 16 acts in second semifinal

Sixteen countries are competing in the Eurovision Song Contest's second semifinal on Thursday, with viewers deciding which 10 go through to the grand final.

Israel in Eurovision spotlight at second semifinal

Israel's participation in the 2025 Eurovision Song Contest has drawn protests but its competitor Yuval Raphael -- who escaped the Hamas attack on her country -- is hotly tipped to qualify from Thursday's semifinal.

Can cash handouts replace aid? Kenya offers some answers

Three years ago, Thomas Kazungu Karisa was struggling to make ends meet as a petrol station attendant in the Kenyan county of Kilifi, when a sudden cash donation changed his life.

Cuban cigarillo factory overwhelmed by burning demand overseas

Cuba's sole producer of cigarillos cannot keep up with exploding demand abroad for the smaller, cheaper, machine-rolled version of the island nation's much more famous hand-crafted cigars.

Croatian town pays grandparents for childcare

A Croatian town has come up with a novel solution to solve the dilemma of working parents when there are no public childcare spaces available: pay grandparents to do it.

Dengue, chikungunya may soon be endemic in Europe: research

The feverish diseases dengue and chikungunya could soon become endemic in Europe as the tiger mosquitoes that transmit these viruses spread farther north due to global warming, according to new research published Thursday.

Reddit founder Ohanian buys stake in Chelsea women's team

Reddit co-founder Alexis Ohanian says that he has bought a stake in serial English women's football champions Chelsea.

'I thought she'd survive': Story of slain Gaza photojournalist touches Cannes

Filmmaker Sepideh Farsi is still in shock after an Israeli air strike killed her documentary's main subject, 25-year-old photojournalist Fatima Hassouna, in Gaza last month.

Stocks drop as fresh trade news awaited, oil down on Iran hopes

Equities stuttered Thursday as investors await fresh developments in trade talks, with US partners looking to reach deals to avoid Donald Trump's tariff blitz, while oil extended losses on hopes for an Iran nuclear deal.

System glitch delays Australian-made rocket launch

An Australian aerospace firm said Thursday it has delayed a historic first attempt to launch a locally developed rocket into orbit, citing a ground system glitch.

Spain probes ticket fees for Bad Bunny concerts

Spain's consumer affairs ministry said Wednesday it has opened a probe into the service fees charged during the sale of tickets for reggaeton superstar Bad Bunny's 2026 concerts in the country.

Trump announces big Boeing order for Qatar Airways

US President Donald Trump said Wednesday Qatar Airways had placed a "record" order for 160 planes from Boeing, as he signed a raft of deals in Doha alongside Qatar's emir.

French PM strikes defiant note on child abuse scandal

French Prime Minister Francois Bayrou struck a defiant tone in parliament on Wednesday as he insisted during a tense hearing that he only knew of claims of sexual abuse at a Catholic school from media reports.

Sean Combs's ex Cassie alleges pattern of abuse ahead of defense grilling

Sean "Diddy" Combs's former partner Casandra Ventura returned to the stand Wednesday, testifying about a pattern of violence at the music mogul's hands ahead of what is expected to be aggressive cross-examination by his lawyers.

Sawt Falasteen - Economy (English)