Sawt Falasteen - Economy

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AI startup Manus raises $500m after Meta acquisition blocked by China

AI startup Manus, whose acquisition by Meta was blocked by the Chinese government, said Thursday it had completed a funding round that raised more than $500 million.

From refuge to repatriations: Malaysia's Myanmar U-turn

Malaysia's Prime Minister Anwar Ibrahim once urged his Muslim-majority nation to show solidarity with the persecuted Rohingya who fled Myanmar en masse, but this week rolled out the red carpet for the man accused of orchestrating their genocide.

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UK economic gloom deepens before budget

Britain's economy slowed in the third quarter, official data showed Thursday, dealing another blow to the Labour government ahead of its annual budget.

Burberry narrows first half loss on turnaround plan

Burberry said Thursday it narrowed losses in its first half thanks to the British luxury fashion label's turnaround plan begun a year ago.

Stocks rise with focus on Fed, tech as US government reopens

Asian markets rose on Thursday after Donald Trump signed a spending bill to end a record US government shutdown, while focus was also turning to Federal Reserve interest rates and tech bubble worries.

In Kyrgyzstan, world's largest natural walnut forest thins away

Rustling through fallen golden leaves, locals in a forest outside Arslanbob in the Kyrgyz mountains were scurrying for walnuts -- an ancient pastime and economic lifeline for the region.

Striking Boeing defense workers to vote on latest contract

More than 3,000 striking Boeing defense workers will vote Thursday on a revised contract proposal that comes closer to their demands.

Australia's opposition ditches commitment to net zero emissions

Australia's conservative opposition said Thursday it will drop its commitment to achieving net zero emissions by 2050 if it wins power and leads a country dependent on fossil fuels but highly vulnerable to climate change.

Stocks stutter with focus on Fed, tech after US reopen vote

Asian markets trod water Thursday as euphoria over the end of a record US government shutdown petered, with focus back on Federal Reserve interest rates and tech bubble worries.

Record rains turn Argentina's farm-filled Pampas plains to wetlands

Parts of the Argentine Pampas, a vast expanse of flat grasslands, look more like wetlands these days following record rains, with local farmers warning of a "catastrophic" impact to their livelihoods.

Solar storm brings new chance of vivid auroras, signal disruptions

Spectacular displays of auroras at abnormally low latitudes were expected again Wednesday night into Thursday, a result of intense solar activity which also carries risks to communication networks.

G7 calls for urgent Ukraine ceasefire, de-escalation in Sudan

G7 foreign ministers on Wednesday called for an immediate ceasefire in Ukraine and raised the alarm about the escalating crisis in Sudan, as they wrapped up a meeting in Canada.

German experts slam spending plans, cut GDP forecast

Germany is using a massive fund for the wrong purposes and it risks providing just a minor boost to the struggling economy, experts warned Wednesday, as they cut their 2026 growth forecast.

Stocks mostly rise on hopes of US shutdown deal, rate cut

Stock markets mostly rose on Wednesday on optimism that the US government shutdown was nearing an end and on hopes of another Federal Reserve interest rate cut.

Bayer beats forecasts but weedkiller woes still weigh

Germany's Bayer said Wednesday it had set aside more money to deal with long-running legal woes related to weedkillers, even as investors cheered better-than-expected quarterly earnings.

Bayer narrows loss, upbeat on weedkiller legal woes

Germany's Bayer said Wednesday it was confident of "significantly" containing long-running legal woes related to a weedkiller by the end of next year, as it reported a narrower quarterly loss.

Five things to know about the first G20 held in Africa

Leaders of the world's largest economies meet in Johannesburg on November 22 and 23 for the G20 summit, being held for the first time in Africa.

Asian markets rise on hopes over shutdown deal, rate cut

Equities rose in Asia on Wednesday as the US shutdown nears an end and after fresh jobs data boosted the chances of a third successive Federal Reserve interest rate cut.

World wine output set for modest 2025 recovery: industry body

Global wine production is on course for a modest recovery in 2025 after suffering a sharp downturn last year, the industry's international body said Wednesday.

House vote likely Wednesday on ending US government shutdown

The effort to end the longest-ever US government shutdown heads Wednesday toward a final vote, as President Donald Trump declared victory in the political face-off and rival Democrats tore themselves apart over the deal.

Asian markets up on hopes over shutdown deal, rate cut

Equities rose in Asia on Wednesday as the US shutdown nears an end and after fresh jobs data boosted the chances of a third successive Federal Reserve interest rate cut.

US stocks end mostly higher despite drop in Nvidia

Wall Street stocks mostly rose Tuesday as optimism over a likely end to the US government shutdown offset weakness in some leading technology equities.

Stocks mixed as tech titans struggle

Global stocks turned in a mixed performance on Tuesday as tech shares struggled and a rally on optimism over a deal to end the US government shutdown faded.

UK court jails Chinese bitcoin fraudster for over 11 years

A Chinese woman who masterminded a multibillion-dollar bitcoin scam and evaded authorities for years was sentenced to 11 years and eight months in jail by a UK court Tuesday.

Fanfare as Guinea launches enormous Simandou iron ore mine

Authorities in Guinea on Tuesday officially launched production at Simandou, a gigantic mining project that they hope will propel the poor west African country into the ranks of the world's largest iron exporters.

Stocks mixed as end to US shutdown appears closer

Global stocks turned in a mixed performance on Tuesday as a record-long US government shutdown took a step nearer to ending and tech stocks struggled.

German court rules against OpenAI in copyright case

A German court ruled Tuesday that OpenAI has infringed copyright law by using song lyrics to feed its chat models in a case that could have wide implications for European artists.

US-China tensions weigh on Lisbon's Web Summit

Global tech leaders packed Lisbon's annual Web Summit Tuesday to talk artificial intelligence, robots and startups -- all under the shadow of global tensions over cutting-edge hardware and software and the resources needed to build them.

Stocks mostly rise as end to US shutdown appears closer

Europe's main stock markets climbed Tuesday following a largely tepid performance by Asia's top indices as a record-long US government shutdown took a step nearer to ending.

'Splinternets' threat to be avoided, says web address controller

The risk of the internet fragmenting into national "splinternets" will likely be averted in a UN vote next month, the head of the authority that manages web addresses told AFP on Tuesday.

China's 'Singles Day' shopping fest loses its shine for weary consumers

Chinese shoppers worried about the economy and overwhelmed by near-constant retail promotions are growing weary of the annual "Singles Day" sales bonanza, a discouraging sign as the government tries to boost consumption.

Asian stocks wobble as US shutdown rally loses steam

Asian markets struggled to maintain early momentum Tuesday as a rally fuelled by hopes for an end to the US government shutdown ran out of gas.

AI stock boom delivers bumper quarter for Japan's SoftBank

Japan's SoftBank Group reported Tuesday that net profit more than doubled in the second quarter thanks to a boom in AI-related share prices that has fuelled fears of a market bubble.

Asian stocks struggle as US shutdown rally loses steam

Most Asian markets fell Tuesday as a rally fuelled by hopes for an end to the US government shutdown ran out of steam.

Sawt Falasteen - Economy (English)