Sawt Falasteen - Economy

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Brazil says free of bird flu, will resume poultry exports

Brazil said Wednesday it was free of bird flu, paving the way for it to resume chicken exports to China and 20 other countries after a month-long suspension.

Musk's X sues to block New York social media transparency law

Elon Musk's X Corp. has filed a lawsuit challenging a New York state law that requires social media companies to report how they moderate hate speech and disinformation.

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Aston Martin limits US car imports due to tariffs

British luxury carmaker Aston Martin Lagonda said Wednesday that it is limiting shipments to the United States after US President Donald Trump slapped 25-percent tariffs on car imports.

Most stock markets rise despite China data, eyes on US reports

Stocks mostly rose Wednesday ahead of key US economic and earnings reports, while traders took in their stride data showing Chinese factory activity contracted at its fastest pace for nearly two years as Donald Trump's trade war kicked in.

TotalEnergies profits drop as prices slide

TotalEnergies said Wednesday that its net profit fell in the first quarter despite expanding production, as a slide in global crude oil prices penalises the financial performance of energy firms.

Volkswagen says tariffs will dampen business as profit plunges

Europe's largest carmaker Volkswagen said Wednesday that first quarter profit plunged due to higher costs as it warned of muted business for the rest of the year in the wake of trade tensions.

Jeep owner Stellantis suspends 2025 earnings forecast over tariffs

Stellantis, the parent company of Jeep, Peugeot and Fiat, said Wednesday it was suspending its 2025 earnings forecast due to uncertainty caused by US tariffs.

French economy returns to thin growth in first quarter

France's economy returned to growth in the first three months of the year but the expansion was modest, held back by sluggish household consumption and stagnant investment, official data showed Wednesday.

Japan tariff envoy departs for round two of US talks

Tokyo's tariffs envoy departed Wednesday for a second round of negotiations in Washington, where Japan could offer concessions such as tweaking vehicle import procedures to secure relief from Donald Trump's trade levies.

Tunics & turbans: Afghan students don Taliban-imposed uniforms

Since the start of the school year in March, Afghan boys have been required to wear new uniforms of turbans and long tunics, following an order to adopt outfits reflecting Taliban rule.

Asian markets struggle as trade war hits China factory activity

Stocks started limply Wednesday as investors struggled to match Wall Street's rally, with data showing Chinese factory activity contracted this month at its fastest pace for nearly two years as Donald Trump's trade war kicked in.

Samsung Electronics posts 22% jump in Q1 net profit

South Korean tech giant Samsung Electronics reported a better-than-expected 21.7 percent rise in first-quarter net profit on Wednesday as consumers rushed to buy smartphones under the looming threat of US tariffs.

China's manufacturing shrinks in April as trade war bites

China's manufacturing activity shrank in April after growing at its highest rate in a year the previous month, official data showed Wednesday, as Beijing fights an intensifying trade war with the United States.

Financial markets may be the last guardrail on Trump

Since returning to the White House, Donald Trump has ushered in sweeping changes to international geopolitics and US government administration with little regard for norms that have constrained predecessors.

US growth figure expected to make for tough reading for Trump

US GDP figures for the first quarter are expected to show a sharp drop-off in growth -- and possibly even a recession -- reflecting a surge in imports before President Donald Trump's sweeping tariffs came into effect.

Sensiba Acquires AssuranceLab to Fuel Innovation in Global Cybersecurity and Risk Assurance

SAN RAMON, CA AND SYDNEY, AUSTRALIA / ACCESS Newswire / April 30, 2025 / Sensiba LLP, a Top-75 U.S. accounting and consulting firm, is pleased to announce the acquisition of AssuranceLab Pty. Ltd., a high-growth cybersecurity audit and risk assurance firm headquartered in Australia, with operations across the Americas, APAC, and EMEA.

BitMobile Pty Ltd and Reality Network Announce Strategic Partnership, Bringing Preloaded DeFi Earning Node Application to Phēnix X Users Globally

CAPRE TOWN, SOUTH AFRICA / ACCESS Newswire / April 30, 2025 / BitMobile, the driving force behind the revolutionary Phēnix X Blockchain phone in South Africa and emerging markets, and Reality Network, a pioneer in decentralized blockchain technology, today announced a strategic partnership that highlights the Reality Network node app preloaded onto the Phēnix X smartphone. This collaboration marks a significant engagement in bringing accessible Decentralized Finance (DeFi) earning opportunities directly to customers in each country and territory, particularly empowering communities in emerging markets.

Weinstein sex attack accuser tells court he 'humiliated' her

Miriam Haleyi told jurors at Harvey Weinstein's sexual assault and rape retrial Tuesday that the mogul "humiliated" her and reduced her to tears, recounting to the court her ordeal, the disclosure of which fired the "MeToo" movement.

Global stocks mostly rise as Trump grants auto tariff relief

Global stocks mostly rose despite fresh signs of a tariff hit to corporate earnings, while Wall Street cheered President Donald Trump's moves to soften the levies hitting automakers.

Meta releases standalone AI app, competing with ChatGPT

Social media behemoth Meta unveiled its first standalone AI assistant app on Tuesday, challenging ChatGPT by giving users a direct path to its generative artificial intelligence models.

BRICS members blast rise of 'trade protectionism'

China, Brazil and other members of the BRICS grouping on Tuesday slammed the "resurgence of trade protectionism" at a meeting in Rio de Janeiro dominated by US President Donald Trump's tariffs blitz.

Trump praises Bezos as Amazon denies plan to display tariff cost

US President Donald Trump on Tuesday said Amazon founder Jeff Bezos "did the right thing" by stopping a plan to show consumers how much US tariffs add to each price tag.

Trump signals relief on auto tariffs as industry awaits details

The White House said Tuesday it will soften tariffs on automakers, sparking optimism in Detroit whose car manufacturing industry has been on tenterhooks awaiting details on President Donald Trump's fast-evolving policy.

Stocks advance as investors weigh earnings, car tariff hopes

Stock markets mostly advanced Tuesday as investors assessed the impact of tariffs on corporate earnings and digested a report that President Donald Trump might spare automakers from some of his levies.

Stocks waver as investors weigh earnings, car tariff hopes

Stock markets diverged Tuesday as investors assessed the impact of tariffs on corporate earnings and digested a report that President Donald Trump might spare automakers from some of his levies.

Spain starts probing causes of massive blackout

Spain on Tuesday began to investigate the causes of the crippling blackout that disrupted millions of lives across the Iberian Peninsula, with a court probing potential "sabotage" of critical infrastructure.

AstraZeneca moves some production to US amid tariff threat

British pharmaceutical giant AstraZeneca announced Tuesday that it has begun moving some of its European production to the United States, ahead of President Donald Trump's possible tariffs on the sector.

Pfizer profits dip on lower Paxlovid sales

Pfizer reported a dip in profits Tuesday, driven partly by lower sales of Covid-19 therapeutic drug Paxlovid, as it maintained a 2025 forecast that does not include potential tariff effects.

GM profits top estimates, but automaker reviewing outlook due to tariffs

General Motors reported a dip in first-quarter profits but topped estimates Tuesday as the automaker said it was reexamining its 2025 outlook in light of uncertainty over US tariffs.

Stock markets edge up as Trump softens tariff pain for auto firms

Stock markets advanced on Tuesday following news that Donald Trump plans to spare automakers from some of his wide-ranging tariffs, boosting hopes of a less combative approach to his trade war.

Pricier trainers? Adidas warns on US tariff impact

German sportswear giant Adidas on Tuesday warned that US President Donald Trump's tariffs will increase prices for its products in the United States, and the hardline trade policies could dent its ongoing recovery.

BP profit drops 70% amid pivot back to oil and gas

Britain's BP said on Tuesday net profit plunged in the first quarter as the struggling energy giant undergoes a major overhaul back to its fossil fuel business.

Markets boosted as Trump softens tariff pain for auto firms

Markets rose Tuesday following news that Donald Trump is set to let auto makers off some of his wide-ranging tariffs, boosting hopes of a less combative approach to his trade war.

Croatia hotel toasts dizzying century of stars, sovereigns and champagne

East met West and often went for cocktails afterwards in Zagreb's Esplanade hotel.

Sawt Falasteen - Economy (English)