Sawt Falasteen - Economy

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Featured

Stocks slide as US inflation surges, US and Iran trade strikes

Stock markets mostly fell on Wednesday as fresh strikes in the Middle East, a jump in US inflation and a tech sell-off weighed on sentiment.

Surging US consumer inflation hits three-year high in key challenge for Trump

US consumer inflation surged to a fresh three-year high in May, with soaring energy prices caused by US President Donald Trump's Iran war posing a key challenge to Republicans ahead of midterm elections.

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Poland signs 44-bn-euro EU defence loan deal to modernise military

Poland on Friday became the first country to sign a loan agreement with the European Commission to fund the modernisation of its military and arms industry, under which it will receive nearly 44 billion euros ($52 billion).

Stocks fall, oil steady as fresh US-Iran clashes hit peace hopes

Stock markets slid and oil prices steadied Friday as US-Iran clashes in the Strait of Hormuz jolted hopes for a deal to end the Middle East war and reopen the crucial waterway.

Myanmar says massive 11,000-carat ruby discovered

A huge 11,000-carat ruby has been discovered in Myanmar, state media reported Friday, one of the largest ever found in the country renowned for its precious gemstones.

Myanmar says massive 11,000-carat ruby discovered in Mandalay

Myanmar said Friday it had discovered a massive 11,000-carat ruby, one of the largest ever found in the country renowned for its precious gemstones.

Toyota sees profit drop as US tariffs, Mideast bite

Japanese auto giant Toyota forecast Friday a 22-percent fall in net profit in the year to next March, as it struggles with the effects of US tariffs and the Middle East war.

Former China Eastern boss charged with bribery

The former chairman of one of China's biggest state-owned airlines has been charged with bribery, state media said Friday, nearly a year after he was investigated for graft.

Malaysia plans cloud seeding for drought-hit 'rice bowl'

Malaysia is resorting to cloud seeding to bring much-needed rain to the country's "rice bowl" north, where a drought has delayed planting of the staple crop and raised supply fears.

Where are the flash points in next week's Trump-Xi talks?

Donald Trump is poised to be the first US president visiting China in almost a decade, but an uneasy trade truce and tensions over Iran and Taiwan loom over his trip next week.

What does China want out of Trump's visit?

US President Donald Trump is due to visit China on May 14-15, where he is expected to meet leader Xi Jinping, after delaying an earlier summit because of the Iran war.

US and Iran trade fire, threatening fragile truce

The US military said it carried out strikes on Iranian military targets Thursday after an attack on three American destroyers in the Strait of Hormuz, while Tehran accused Washington of striking first.

Global stocks mostly fall as US rally shows signs of fatigue

Global stocks mostly fell Thursday as US indices pulled back from records while Washington awaited Tehran's response to a US plan to end the Middle East war and reopen the Strait of Hormuz.

Google faces new UK lawsuit over online display ads

Google faces a fresh UK lawsuit accusing it of abusing its dominance in online display advertising, the claimants announced Thursday, in the latest antitrust action against the US tech giant.

France to ban CBD edibles: sources

France will ban the sale of cannabidiol (CBD) edibles from May 15, while still allowing it to be sold to be smoked, AFP learnt from several sources on Thursday.

Hundreds paid or seeking damages over Harrods Al-Fayed abuse complaints

More than 75 survivors have been awarded "full compensation" for suffering sexual abuse at the hands of late Harrods owner Mohamed Al-Fayed, and nearly another 200 claims are being processed, a company scheme told AFP Thursday.

US oil blockade on Cuba 'energy starvation': UN experts

The fuel blockade imposed on Cuba by the United States amounts to "energy starvation", and has "grave consequences" for human rights and development, three UN special rapporteurs said Thursday.

Covid flashbacks haunt Canary Islands as hantavirus ship nears

Six years after registering Spain's first Covid case, the Canary Islands are awaiting the arrival of a cruise ship struck by a deadly hantavirus outbreak that is reviving painful memories.

IMF warns of 'inevitable' AI-powered threats to global financial system

The International Monetary Fund (IMF) warned on Thursday of the risks to global financial stability posed by cyberattacks powered by advanced artificial intelligence tools, calling for greater international cooperation on the issue.

Germany warns tax revenues to be hit by Iran war

Germany will generate less tax revenue in the coming years, in large part due to the "irresponsible" Middle East war launched by US President Donald Trump, the finance minister warned Thursday.

UK police officers probed over handling of Al-Fayed complaints

A serving officer with London's Metropolitan Police and four ex-officers are being investigated for their handling of sexual abuse allegations against former Harrods owner Mohamed Al-Fayed, a watchdog said Thursday.

Defence giant Rheinmetall makes offer for further shipyard

German arms maker Rheinmetall said Thursday it had made an offer for a further shipyard as the influential defence giant deepens its push into naval systems.

Royal and Ancient Golf Club names Claire Dowling as first woman captain in 272 years

The Royal and Ancient Golf Club of St Andrews has appointed amateur player Claire Dowling as the first woman captain in its 272-year history.

Royal and Ancient Golf Club names first woman captain after 272 years

The Royal and Ancient Golf Club of St Andrews has appointed amateur player Claire Dowling as the first woman captain in its 272-year history.

US awaits Iran response to latest deal offer

The United States was waiting on Thursday for Iran to respond to its latest proposed deal to end the war in the Middle East and to reopen the key shipping lane out of the Gulf.

Latest evacuee from hantavirus-hit cruise lands in Europe

Another sick passenger from the hantavirus-hit cruise ship landed in Europe on Thursday, as the vessel headed to a Spanish island and health officials scrambled to map the outbreak of the potentially deadly human-to-human strain.

Shell profit jumps as Mideast war fuels oil prices

British energy giant Shell announced Thursday rising net profits for the first quarter as the Middle East war sent oil and gas prices soaring in volatile trading.

Senegal's children mourn in silence when migrant parents disappear

Fallou softly whispers that since his mother's death he has chosen to remain quiet, while young Sokhna recounts the many nightmares she has had following her father's disappearance: for the children of Senegalese migrants lost at sea, the torment of grief is long-lasting.

Australia to force gas giants to reserve fuel for domestic use

Australia will look to stave off energy shortages by forcing major gas companies to reserve 20 percent of their exports for domestic use, Energy Minister Chris Bowen said Thursday.

AirAsia signs $19bn deal for 150 Airbus A220 jets

Southeast Asia's AirAsia signed a $19 billion deal to buy 150 Canadian-made Airbus A220-300 jets, the two companies said, with the low-cost carrier adding Thursday that it could double the order to meet future demand.

Tokyo leads Asia stock surge on growing Mideast peace hopes

Tokyo's Nikkei index soared Thursday to lead another strong rally across Asia stocks, fuelled by growing optimism the Iran war is close to ending and the revival of demand for all things AI.

Africa's Lobito Corridor chief tells AFP business, not geopolitics, drives strategy

The chief executive of the Lobito Atlantic Railway (LAR) project to link southern African mines to an Angolan export port says his priority is the business of the operation, not the geopolitical tussle over Africa's minerals.

Musk's SpaceX strikes data center deal with Anthropic

AI startup Anthropic announced Wednesday it has agreed to a major computing partnership with Elon Musk's SpaceX, securing access to a vast data center as the Claude maker scrambles to keep pace with surging demand for its AI services.

Virus-hit cruise ship heads for Spain as evacuees land in Europe

A cruise ship hit by a deadly hantavirus outbreak will reach the Spanish island of Tenerife "within three days", with the evacuation of passengers to start from May 11, Spain said Wednesday.

Sawt Falasteen - Economy (English)