Sawt Falasteen - Economy

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Featured

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

Trump announces new tariffs as deadline nears

US President Donald Trump imposed new tariffs to punish or favor major trading partners Wednesday, as governments raced to strike deals with Washington less than 24 hours before an August 1 deadline.

BMW profits slump on China woes, US tariffs

BMW said Thursday its profits slumped by a third in the second quarter as the German premium carmaker was hit hard by falling sales in key market China and US tariffs.

Firms in Vietnam walk tightrope as Trump's transshipping rule looms

As Donald Trump's eye-watering tariffs on Chinese products passing through Vietnam are set to kick in Friday, companies in the Southeast Asian country are cautiously waiting to see what falls into that category.

Laos braced for blow of Trump tariff threat

Hawking clothes outside the garment factory where her daughter toils inside, a Laos vendor weighs US President Donald Trump's threat of trade tariffs that may soon snarl both their livelihoods.

China manufacturing sinks again in July as US trade talks stall

China's factory output shrank more than expected in July, official data showed on Thursday, logging its fourth straight month of contraction as Beijing battles to hammer out a trade deal with the United States.

Brazil Central Bank holds interest rate as tariffs loom

Brazil's Central Bank on Wednesday held its benchmark interest rate steady at 15 percent, citing "uncertainty" as the United States announced punishing tariffs on the South American economic powerhouse.

Brazil Central Bank holds interest rate after seven straight hikes

Brazil's Central Bank on Wednesday held its benchmark interest rate steady at 15 percent after seven straight hikes that had angered leftist President Luiz Inacio Lula da Silva.

Airbus first-half profit climbs 85% to $1.7 bn

European aerospace group Airbus posted an 85-percent rise in first-half profit Wednesday to $1.7 billion, even though it delivered fewer commercial planes compared with the same period last year.

TikTok launches crowd-sourced debunking tool in US

TikTok on Wednesday rolled out a crowd-sourced debunking system in the United States, becoming the latest tech platform to adopt a community-driven approach to combating online misinformation.

Tata Motors to buy Italy's Iveco for $4.4 bn

Tata Motors of India will buy Italy's Iveco Group for 3.8 billion euros ($4.4 billion) in a bid to create a "global champion" in the commercial vehicles sector, the two companies said Wednesday.

From skies over Gaza, Jordanian crew drops lifeline to civilians

Aboard a Jordanian military plane, aid crates are parachuted into Gaza, where war and blockade have pushed more than two million Palestinians to the brink of famine.

Renault names Provost CEO after De Meo exit

French auto giant Renault said Wednesday that Francois Provost, currently in charge of procurement, would take over as chief executive following Luca de Meo's departure in June.

Canada central bank holds rate steady citing US tariff 'threats'

Canada's central bank held its key lending rate at 2.75 percent on Wednesday, as the major US trading partner confronts economic uncertainty two days before President Donald Trump's latest tariff deadline.

Stocks edge higher, dollar gains before tech earnings, Fed decision

Stock markets saw mostly muted gains in Europe and on Wall Street on Wednesday as investors waited for earnings from US tech giants, while the dollar rose from recent lows ahead of an interest-rate call from the Federal Reserve.

London court rules oligarch liable in $1.9 bn Ukraine loan scheme

Ukrainian oligarch Igor Kolomoisky and his former business partner are likely to be forced to repay $1.9 billion they "unlawfully" appropriated from a Ukrainian bank they owned, London's High Court ruled Wednesday.

Stocks diverge, dollar gains before tech earnings, Fed decision

Stock markets were mixed in Europe and on Wall Street on Wednesday while the dollar rose further from recent lows as investors took a cautious approach ahead of earnings from US tech giants and the latest interest-rate call from the Federal Reserve.

US economy returns to growth in second quarter on tariff turbulence

The US economy returned to growth in the second quarter, government data showed Wednesday, as analysts warned of distortions due to shifting trade flows over President Donald Trump's tariffs.

Aston Martin pares outlook as US tariffs weigh

British luxury carmaker Aston Martin Lagonda on Wednesday revised down its full-year outlook as US President Donald Trump's tariffs weigh on operations.

Adidas says may hike US prices after tariff cost warning

German sportswear giant Adidas warned Wednesday that it might raise prices in the United States due to tariffs that could cost it an extra 200 million euros ($230 million) this year.

GSK reports improved outlook despite US drug tariffs

British pharmaceutical group GlaxoSmithKline said Wednesday that its annual performance should be better than expected, despite US tariffs, after sales of its cancer drugs jumped in the second quarter.

HSBC banks lower profits on higher costs

Bank giant HSBC said Wednesday that group profits fell in the first half on higher costs but noted that it was "well positioned" to deal with the effects of US tariffs.

Eurozone economy expands but tariff impact looms

The eurozone economy unexpectedly expanded in the second quarter of 2025, official data showed Wednesday, despite international trade tensions clouding the global outlook.

China says childcare subsidies to 'add new impetus' to economy

China said Wednesday that recently announced subsidies to support families with young children will provide a much-needed economic boost, as Beijing seeks to promote spending and avert a demographic crisis.

Mercedes-Benz welcomes EU-US deal after profits plunge on tariff woes

A new trade deal struck between the United States and European Union is good news despite fears it is unbalanced, Mercedes-Benz said Wednesday after the German carmaker reported a tariff hit of hundreds of millions of euros in the second quarter.

Adidas reports hit from US tariffs

German sportswear giant Adidas said Wednesday it took a hit from US tariffs in the second quarter but did not indicate whether it would pass on rising costs to consumers.

Mercedes-Benz profit plunges on tariff, China woes

Premium German carmaker Mercedes-Benz said Wednesday its second-quarter profit plunged nearly 70 percent due to US tariffs and weak sales in China, prompting it to lower its full-year revenue outlook.

Kyrgyzstan struggles with deadly shortages of medicine

Like many people affected by serious illness in ex-Soviet Central Asia, Almagul Ibrayeva is having trouble finding medicine in her native Kyrgyzstan.

Could copper tariff hurt US more than Chile?

Chile, the world's biggest copper producer, is hoping for a last-minute deal to stop the United States from imposing a 50-percent import tariff on the red metal.

Norwegian cousins battle over oil, climate policy

As teenagers in Norway, Andreas Bjelland Eriksen and his younger cousin Vebjorn Bjelland Berg survived a mass shooting together -- a trauma that united them.

'Marathon at F1 speed': China bids to lap US in AI leadership

Beyond dancing robots and eager-to-help digital avatars, Shanghai's World AI Conference saw China stake its claim to global artificial intelligence leadership and frame itself as a clear alternative to the United States.

Stablecoins inspire hope, and hype, in Hong Kong

Stablecoin excitement has gripped Hong Kong as the city prepares to launch a licensing system for the less volatile type of cryptocurrency, but authorities warn against overplaying its future role in financial systems.

Markets mixed as China-US talks end, eyes on tech earnings

Asian markets were mixed Wednesday as investors kept tabs on China-US developments after they agreed to further talks to extend their trade truce, while eyes were also on tech earnings and a key Federal Reserve meeting.

Sawt Falasteen - Economy (English)