Sawt Falasteen - Economy

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Turkey jails 2 journalists pending trial for fund crisis 'misinformation'

A Turkish court on Friday jailed two journalists pending trial for allegedly spreading misinformation over a sprawling investment fund scandal, while another two were granted conditional release, media reports said.

Trump forms panel to probe US Fed governor Lisa Cook

US President Donald Trump has set up a committee to probe Federal Reserve Governor Lisa Cook over alleged "false statements" linked to mortgages, renewing his efforts to oust her.

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OpenAI releases free, downloadable models in competition catch-up

OpenAI on Tuesday released two new artificial intelligence (AI) models that can be downloaded for free and altered by users, to challenge similar offerings by US and Chinese competition.

Czech driverless train hits open track

A rail line linking two northern Czech towns is testing Europe's first driverless train operating in an open environment, its developer told AFP on Tuesday.

US trade gap shrinks on imports retreat as tariffs fuel worries

The US trade gap narrowed in June, government data showed Tuesday, as imports pulled back more than exports while businesses grappled with President Donald Trump's tariffs on allies and competitors alike.

US data deflates stocks rebound

A stock market rebound lost traction on Tuesday after data showed inflation gathering steam in the US, complicating the picture for interest rate cuts.

'Human presence': French volunteers protect sheep from wolves

Carrying staffs like shepherds, Sophie Morice-Couteau and Geoffroy Galliot inspect the nets of a sheepfold on a steep slope in the Baronnies massif, part of their daily mission to keep wolves away.

Swiss president rushes to US to avert steep tariffs

Switzerland's president and economy minister were due to fly to Washington on Tuesday in a last-minute push to stop steep new tariffs that have blindsided the Alpine country.

German car sales jump in July but market still weak

New car sales in Germany posted a big rise in July, official data showed Tuesday, but analysts warned against sounding the all-clear for Europe's top auto market.

Stocks climb tracking tariffs, US Fed

European and Asian stock markets rose Tuesday as tariff threats eased and as investors grow increasingly confident that the US Federal Reserve will cut interest rates next month.

UN starts new bid to forge plastics treaty amid 'global crisis'

Nations must resolve the global plastics crisis, the head of UN talks told negotiators from 180 countries gathered in Geneva on Tuesday to forge a landmark treaty on eliminating the life-threatening waste.

Oil giant BP surprises with better than expected earnings

Oil giant BP, which recently pivoted away from green energy, posted Tuesday better-than-expected quarterly earnings and announced a fresh review of costs.

UK-France migrant returns deal takes effect

A "one-in, one-out" deal in which Britain can return some migrants who cross the Channel in small boats back to France came into force on Tuesday, the UK government announced.

Oil giant BP returns to profit in second quarter

British energy group BP on Tuesday posted a net profit for the second quarter, in contrast to weaker results from energy rivals, as lower exceptional charges offset falling oil prices.

Saudi Aramco profit drops for 10th straight quarter

Oil giant Saudi Aramco announced its 10th straight drop in quarterly profits on Tuesday as a slump in prices hit revenues, putting more pressure on the key driver of the Saudi economy.

Saudi Aramco profit drops 22 percent on lower prices

Saudi Aramco's profit slid 22 percent in the second quarter to 85 billion riyals ($22.67 billion) as a slump in prices hit revenues, the oil giant said on Tuesday.

Gabon forest cave reveals clues about prehistoric central Africa

In Gabon's sprawling forest, archaeologists dig for ancient clues that could unlock the secrets of how prehistoric humans lived and interacted in the changing landscape of central Africa.

With six months to go, Winter Games organisers say they'll be ready

Six months before the start of the Winter Olympics, Italian organisers say that, after years of ups and downs, they are on schedule.

Stella Rimington, first woman to lead UK's MI5 dies at 90

Stella Rimington, the first woman to head the UK's domestic secret service MI5, has died at the age of 90, the spy agency announced on Monday.

Tesla approves $29 bn in shares to Musk as court case rumbles on

Tesla announced an "interim" compensation award worth about $29 billion for Elon Musk on Monday, asserting the need to retain the controversial CEO at a moment of fierce competition for top talent.

Stocks rebound on US rate cut bets

Most stock markets bounced on Monday on hopes of US interest rate cuts after weak jobs figures raised concerns about the world's top economy.

Swiss eye 'more attractive' offer for Trump after tariff shock

Switzerland said on Monday it was ready to make a better offer to the United States to avoid steep tariffs that are expected to take effect this week.

Trump says will name new economics data official this week

US President Donald Trump said Monday that he would pick an "exceptional replacement" to his labor statistics chief -- after ordering her dismissal as a new report showed weakness in the US jobs market.

Stocks mostly rise as traders boost US rate cut bets

Most stock markets bounced on Monday as hopes for US interest rate cuts rose following a sharp slowdown in jobs growth that raised concerns about the world's top economy.

BP makes largest oil, gas discovery in 25 years off Brazil

Britain's BP announced Monday it made its biggest oil and gas discovery in 25 years off the coast of Brazil, as it shifts back to its fossil fuel business.

Shares in UK banks jump after car loan court ruling

Shares in British banks rose on Monday after the country's top court spared the sector from the worst of feared compensation claims over controversial car loans.

Most markets rise as traders US data boosts rate cut bets

Most stock markets bounced on Monday as the chances of US interest rate cuts following a big miss on US jobs creation offset concerns about the world's top economy.

Asian markets fluctuate as traders weigh tariffs, US jobs

Asian markets flitted between gains and losses Monday as investors continued to digest last week's tariff blitz by Donald Trump and a US jobs report that fanned fears about the world's top economy.

Italy's fast fashion hub becomes Chinese mafia battlefield

When Zhang Dayong lay in a pool of blood on a sidewalk in Rome after being shot six times, few suspected a link to Italy's storied textile hub of Prato.

UK lenders face $12 bn plus compensation bill despite court ruling: watchdog

British finance firms behind high interest car loans could have to pay out more than nine billion pounds ($12 billion) in compensation despite the country's highest court ruling that most of the controversial deals were lawful, a financial watchdog said Sunday.

US trade advisor says Trump tariff rates unlikely to change

New US tariff rates are "pretty much set" with little immediate room for negotiation, Donald Trump's trade advisor said in remarks aired Sunday, also defending the president's politically driven levies against Brazil.

Eight OPEC+ countries raise production by 547,000 bpd

Saudi Arabia, Russia and six key members of the OPEC+ alliance said Sunday they will increase production by 547,000 barrels a day in a move which analysts say aims to regain market share amid resilient crude prices.

Pope's 'Jubilee of Youth' ends with mass for 1 million pilgrims

Pope Leo XIV presided over a final mass in Rome for over one million young people on Sunday, the culmination of a pilgrimage that has drawn Catholics from across the world.

Pope's 'Jubilee of Youth' ends with Rome mass for 1 million pilgrims

Pope Leo XIV presided over a final mass in Rome for over one million young people on Sunday, the culmination of a youth pilgrimage that has drawn Catholics from across the world.

Sawt Falasteen - Economy (English)