Sawt Falasteen - Economy

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Stocks rise as Trump says Russia to release diesel to world markets

Stock markets climbed Friday after US President Donald Trump ruled out a strike on Iran before midterm elections, while announcing that Russian diesel would flow to global markets following talks with Moscow's Vladimir Putin.

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.

Last news

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.

OPEC+ slated to increase oil output in bid to regain market share

Saudi Arabia, Russia and six other key members of the OPEC+ alliance are expected to further hike oil production in a meeting Sunday, a move analysts say is aimed at regaining market share amid resilient crude prices.

Rescuers recover body of trapped worker at Chile copper mine

One of five miners trapped after a partial collapse at the world's largest underground copper mine has been found dead, Chile's state-owned Codelco group announced Saturday.

US Fed governor to resign early at critical time for central bank

US Federal Reserve governor Adriana Kugler is resigning from her position, the central bank said Friday, opening a vacancy that President Donald Trump can fill as he presses his campaign to drop interest rates.

Trump orders firing of US official as cracks emerge in jobs market

President Donald Trump said Friday he has ordered the firing of a key economic official, accusing her of manipulating employment data for political reasons after a new report showed cracks emerging in the US jobs market.

Exxon, Chevron turn page on legal fight as profits slip

Lower crude prices dented profits at ExxonMobil and Chevron as the companies signaled Friday they are moving past a legal fight over an acquisition ultimately won by the latter firm.

Stocks sink on Trump tariffs, US jobs data

Stock markets slid Friday after US President Donald Trump announced tariffs on dozens of trading partners and weak US jobs data fuelled the fall.

Cracks emerge in US jobs market as Fed officials sound warning

The US employment market is showing weakness as companies grappled with President Donald Trump's sweeping tariffs, government data showed Friday, while two central bank officials warned on labor risks in the world's biggest economy.

Swiss will try to negotiate way out of stiff US tariffs

The Swiss government said Friday it would negotiate with the United States to try to avoid the tough 39-percent US tariff rate that would harm key industries.

US job growth weaker than expected in July as unemployment rises

US job growth missed expectations in July, government data showed Friday, while revisions to hiring figures in recent months brought them to the weakest levels since the Covid-19 pandemic.

Stocks slide as Trump's new tariff sweep offsets earnings

Stock markets slid but the dollar held up Friday as US President Donald Trump announced tariffs on dozens of trading partners, offsetting strong earnings from tech giants.

HIV-positive Turkmen man fears deportation, torture

An HIV-positive gay man who fled Turkmenistan, one of the most repressive countries in the world, risks being deported, imprisoned and tortured, he and several non-governmental groups told AFP.

Bayer sets aside more cash to deal with weedkiller woes

German pharmaceutical and agricultural chemicals giant Bayer said it had put aside an extra 1.2 billion euros ($1.4 billion) to deal with long-running US legal woes linked to a weedkiller.

Stocks drop as Trump's new tariff sweep offsets earnings

Stock markets fell Friday as Donald Trump announced tariffs on dozens of trading partners ahead of a self-imposed deadline, offsetting strong earnings from tech giants.

Swiss to try to negotiate way out of stiff US tariffs

The Swiss government said Friday it would negotiate with the United States to try to avoid the 39 percent punitive US tariff rate that would ravage its key pharmaceutical industry.

British Airways owner sees profit jump on 'strong' demand

IAG, the owner of British Airways and Spanish carrier Iberia, said Friday that its net profit jumped 44 percent in the first six months of the year on "strong demand".

Stocks struggle as Trump unveils new tariff sweep offsets earnings

Asian markets mostly fell Friday as Donald Trump announced tariffs on dozens of trading partners ahead of a self-imposed deadline, offsetting strong earnings from tech giants.

Nvidia says no 'backdoors' in chips as China questions security

Nvidia chips do not contain "backdoors" allowing remote access, the US tech giant has said, after Beijing summoned company representatives to discuss "serious security issues".

Heathrow unveils £49 bn expansion plan for third runway

London's Heathrow Airport on Friday unveiled a £49-billion ($65 billion) expansion plan, including the costs of building a long-awaited third runway, approved by the UK government after years of legal wrangling.

Google must open Android to rival app stores: US court

A US federal court ruled Thursday that Google must open its Android operating system to rival app stores, after the internet giant lost an appeal in an antitrust case filed by Fortnite maker Epic Games.

Amazon profits surge 35% as AI investments drive growth

Amazon reported a 35 percent jump in quarterly profits Thursday as the e-commerce giant said major investments in artificial intelligence began paying off.

US theater and opera legend Robert Wilson dead at 83

Celebrated US director Robert Wilson, who revolutionized stage and opera, died Thursday at the age of 83, his management said.

EA shooter 'Battlefield 6' to appear in October

Promising vast combat zones and pounding action, team-based first-person shooter "Battlefield 6" is set for release in October, pitting it against longtime rival “Call of Duty” for autumn sales dominance.

Heavyweight shooter 'Battlefield 6' to appear in October

Electronic Arts team-based shooter "Battlefield 6", expected to be one of the hit games of the year, will be released on October 10, the American publisher said Thursday.

Microsoft valuation surges above $4 trillion as AI lifts stocks

Shares of Microsoft spiked Thursday following blowout quarterly results, lifting the tech giant into the previously unprecedented $4 trillion club along with Nvidia, another artificial intelligence standout.

Thousands of Afghans scramble for chance to work in Qatar

When Mohammad Hanif heard Qatar was opening jobs to Afghans, he joined thousands of others to put his name down for a shot to make a living in the gas-rich emirate, his own country wracked by unemployment.

Hong Kong sees 3.1% growth in second quarter

Hong Kong's economy grew by 3.1 percent in the second quarter, according to government estimates released Thursday, beating expectations, with strong exports buoyed by businesses racing to take advantage of US tariff easing.

Stocks, dollar mixed tracking Fed, tariffs, results

Major stock markets and the dollar traded mixed Thursday as traders weighed a cautious Federal Reserve, strong tech earnings and new US tariffs.

World Athletics brings in gene tests for female category eligibility

Track and field athletes aiming to take part in the female category in elite competitions will have to take a gene test from September, World Athletics has announced.

BMW says can weather tariff storm despite profit plunge

German carmaker BMW stuck to its 2025 targets Thursday despite quarterly profits tumbling a third due partly to US tariffs, insisting its large American operations meant it could weather the storm.

Shell net profit retreats on lower energy prices

British energy giant Shell on Thursday said its net profit slid 23 percent in the first six months of the year, hit by lower oil and gas prices.

Unilever profit slides ahead of ice cream demerger

British consumer goods giant Unilever on Thursday said net profit fell five percent in the first six months of the year, as it prepares to demerge its ice cream business.

Sawt Falasteen - Economy (English)