Sawt Falasteen - Economy

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Featured

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.

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UK hands health service major spending boost

Britain's Labour government on Wednesday said it was injecting the struggling National Health Service with a "record" £29-billion ($39-billion) annual boost, as it looks to cut spending on its asylum programme.

Police make arrests in downtown LA during nighttime curfew

Downtown Los Angeles was largely calm overnight into Wednesday, with police arresting at least 25 people for violating a curfew after a fifth day of protests against President Donald Trump's immigration crackdown.

Stocks rise after China-US framework on trade

Stock markets rose Wednesday as investors welcomed a China-US agreement to lower trade tensions that stoked hopes the economic superpowers will eventually reach a broader tariff deal.

Russians struggle with 'crazy' prices

Russian pensioner Roman Paltievich stared at the prices for apricots, tomatoes and watermelons stacked high on stalls at a Moscow market -- foods that he now struggles to fit into his budget.

China says ready to 'strengthen' cooperation with US after trade talks

China's vice premier and top trade negotiator said Beijing was ready to "strengthen cooperation" with Washington, Chinese state media said Wednesday, following trade talks in London it said had made substantial progress.

Labubu toy sculpture sold for $150,000 at China auction

A Beijing auction house has sold a four-foot-tall sculpture of a viral plush toy character for more than $150,000, as global demand for the Chinese-designed Labubu dolls reaches fever pitch.

ECB's Lagarde slams 'coercive trade policies' in Beijing visit

European Central Bank chief Christine Lagarde warned Wednesday that "coercive trade policies" risked harming supply chains and the global economy, and called for a de-escalation of a tariff standoff that has wiped billions off markets.

Man-in-demand Woodkid composes for Death Stranding sequel

French singer and director Woodkid has composed the music for the hotly awaited "Death Stranding 2" video game, with the 42-year-old telling AFP that the songs unfold "almost like origami."

Rare earths: China's trump card in trade war with US

China is counting on one crucial advantage as it seeks to grind out a deal to ease its high-stakes trade war with the United States -- dominance in rare earths.

Trump orders names restored to military bases honoring Confederates

President Donald Trump said Tuesday he has ordered the restoration of the names of several US military bases that honored officers who fought for the Confederacy in the American Civil War.

'Applied AI' set to dominate France's Vivatech trade fair

Drawing high-powered tech CEOs and a presidential visit, Paris's Vivatech trade fair opening on Wednesday will spotlight hoped-for economic benefits from AI.

Fifth day of protests in LA as Trump vows to 'liberate' city

Donald Trump vowed Tuesday to "liberate" Los Angeles from what he claimed was an invasion by a "foreign enemy" as California's leaders went to court seeking to prevent the president sending thousands of troops onto the streets.

Treasury chief returns to US as China trade talks ongoing

US Treasury Secretary Scott Bessent on Tuesday described closely watched trade talks with Chinese officials as productive, as scheduling conflicts prompted his departure from London with negotiations ongoing.

Stocks muted as investors track US-China trade talks

Global stock markets diverged on Tuesday as investors waited for the outcome of US-China talks aimed at cementing a fragile trade war truce between the world's two biggest economies.

Hopes rise on second day of US-China trade talks

The United States and China huddled for a second day of talks in London on Tuesday, with Washington sending positive signals that the two superpowers might resolve a bitter trade war dragging on the global economy.

Stocks mixed as investors track US-China trade talks

Global stock markets diverged on Tuesday as investors waited for the outcome of US-China talks aimed at cementing a fragile trade war truce between the world's two biggest economies.

French Senate to vote on regulating fast fashion

The French Senate is due to vote Tuesday on a bill to regulate the fast fashion industry, by sanctioning companies and banning advertisements.

Nations call for 'quieter' ocean to help marine life

Dozens of countries at the UN oceans summit on Tuesday took a first step toward recognising an invisible but growing threat to marine life -- underwater noise pollution.

Uber to launch driverless taxis in London next year

Ride-hailing firm Uber will launch self-driving taxis in London next year when England trials new driverless services, the firm and the UK government said on Tuesday.

Hopes rise as US and China hold second day of trade talks

The United States and China began a second day of trade talks on Tuesday, seeking to shore up a shaky tariff truce in a bitter row deepened by export curbs.

Eurostar to launch routes to Germany and Switzerland

Eurostar said Tuesday it would launch new direct train routes from London to Frankfurt and Geneva, as potential competitors threaten to break its three-decade monopoly on cross-channel rail travel.

Indian coastguard battles blaze on container ship

India's coastguard said Tuesday it was battling to stop a fierce blaze that has engulfed a Singapore-flagged container ship listing off the southern coast that broke out a day earlier.

Huawei founder says chips still lag 'one generation' behind US

Chinese tech giant Huawei's chips still "lag behind the United States by one generation", state media quoted its founder and CEO Ren Zhengfei as saying in a rare interview on Tuesday.

Most markets extend gains as China-US talks head into second day

Stocks mostly rose Tuesday as the latest round of China-US trade talks moved into a second day, with one of Donald Trump's top advisers saying he expected "a big, strong handshake".

Indonesia revokes most mining permits in dive hotspot after outcry

Indonesia revoked permits on Tuesday for four of the five mining companies operating in the eastern archipelago of Raja Ampat after activists shared videos of islands damaged by nickel extraction.

Asian markets extend gains as China-US talks head into second day

Asian stocks squeezed out more gains Tuesday as the latest round of China-US trade talks moved into a second day, with one of Donald Trump's top advisers saying he expected "a big, strong handshake".

Israel says Gaza-bound aid boat activists awaiting deportation

Swedish campaigner Greta Thunberg and other activists detained aboard a Gaza-bound aid boat have been taken to a Tel Aviv airport for deportation, Israel said Tuesday, after their vessel was intercepted by naval forces.

China carefully assembling a deep-sea mining strategy

In a world hungry for crucial resources, China may not be poised to start deep-sea mining but it is planting seeds for such operations in a meticulously planned economic and geopolitical strategy.

Trump deploys Marines as tensions rise over Los Angeles protests

US President Donald Trump on Monday ordered active-duty Marines into Los Angeles, vowing those protesting immigration arrests would be "hit harder" than ever.

Funk-rock pioneer Sly Stone dead at 82

Funk master and innovator Sly Stone, whose music drove a civil rights-inflected soul explosion in the 1960s, sparking influential albums but also a slide into drug addiction, has died, his family said Monday. He was 82.

US, China trade talks to stretch into second day

Key trade talks between US and Chinese officials in London will stretch into a second day, a source told AFP Monday, with both sides seeking to shore up a shaky tariff truce further strained by export curbs.

Gaza-bound aid boat carrying Greta Thunberg reaches Israeli port

A Gaza-bound aid boat reached Israel's Ashdod port on Monday after being intercepted by Israeli forces, preventing the dozen activists on board including Swedish campaigner Greta Thunberg from reaching the blockaded Palestinian territory.

Sawt Falasteen - Economy (English)