Sawt Falasteen - Economy

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Featured

Bill Gates warns cyberattacks most imminent AI threat

Bill Gates on Sunday warned that unregulated artificial intelligence poses a growing threat and predicted an escalation in AI-powered cyberattacks in the coming year.

South Korea completes trial of Arctic shipping route

A South Korean container ship returned on Sunday from a trial voyage through the Arctic, testing an alternative route opened by melting sea ice as conflict in the Middle East disrupts global shipping.

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Trump trade war casts pall in China's southern export heartland

The blistering tariff war launched by Donald Trump this month cast a shadow Tuesday as businesses met to strike deals at a trade show in southern China, for decades a key hub for exports to the United States.

China tells airlines to suspend Boeing jet deliveries: report

China has told its airlines to stop taking deliveries of jets from American aviation giant Boeing, a report said Tuesday, as a trade war between Beijing and the United States deepens.

Stocks rise as stability returns, autos surge on exemption hope

Equities mostly rose Tuesday as some stability returned to markets after last week's rollercoaster ride, with auto firms boosted by Donald Trump's possible compromise over steep tariffs on the sector.

Malawi's debt crisis deepens as aid cuts hurt

Behind a dimly lit bar in Malawi's capital, Ben Manda rubbed his tired eyes and poured a customer a drink. He had been working for 36 hours straight, packing in back-to-back shifts to feed his family of four.

Danish brewer adds AI 'colleagues' to human team

They have names, faces and email addresses, but the five new colleagues at Denmark's Royal Unibrew only exist in the virtual realm, which the brewer hails as a milestone to unleash the full potential of its staff.

S. Korea plans extra $4.9 bn help for chips amid US tariff anxiety

South Korea on Tuesday announced plans to invest almost $5 billion extra in the country's semiconductor industry, citing "growing uncertainty" over US tariffs.

The miracle babies who survived Ravensbruck

They were born in a hell on Earth and were never supposed to survive. But by some miracle a handful of babies born in Ravensbruck concentration camp in northern Germany made it out alive.

Asian stocks mixed as stability returns, autos lifted by exemption hope

Asian stocks were mixed Tuesday as some stability returned to markets after last week's rollercoaster ride, with auto firms boosted by Donald Trump's possible compromise over steep tariffs on the sector.

Chinese EV battery giant CATL posts 33% surge in Q1 profit

The world's leading maker of electric vehicle batteries, Chinese firm CATL, posted a 32.9 percent jump in first quarter profit, even as demand for electric vehicles slows.

China's economy likely grew 5.1% in Q1 on export surge: AFP poll

China is expected to post first-quarter growth of around five percent on Wednesday, buoyed by exporters rushing to stave off higher US tariffs but still weighed by sluggish domestic consumption, analysts say.

S. Korea govt plans $4.9 bn more help for semiconductors as US tariff risk bites

South Korea on Tuesday announced plans to invest an additional $4.9 billion in the country's semiconductor industry, citing "growing uncertainty" over US tariffs.

Harvard sees $2.2 billion in funding frozen after defying Trump

Elite US university Harvard was hit with a $2.2 billion freeze in federal funding Monday after rejecting a list of sweeping demands that the White House said was intended to crack down on campus anti-Semitism.

Picktan Capital's Defensive Growth Fund Achieves Record-Breaking Returns

Picktan Capital's Multi-Asset Defensive Growth Fund has achieved record-breaking Q1 2025 returns amid global market uncertainty.

LVMH sales dip as Trump tariffs dent luxury tastes

Luxury giant LVMH saw sales fall two percent to 20.3 billion euros ($23 billion) in the first quarter of 2025 as US President Donald Trump's tariffs shook the global economy, the company said on Monday.

Luka Modric becomes co-owner of Championship club Swansea

Real Madrid and Croatia midfielder Luka Modric has joined Swansea as an investor and co-owner, the Championship club announced on Monday.

Trump's tariff exemptions give markets relief, but uncertainty dominates

US tariff exemptions for electronics prompted market rallies Monday from Asia to Wall Street, but uncertainty dominated in a global trade war that Chinese leader Xi Jinping warned can have "no winner."

Meta chief Zuckerberg testifies at landmark US antitrust trial

Meta chief and co-founder Mark Zuckerberg took the stand Monday in a landmark US anti-trust trial in which his social media juggernaut stands accused of abusing its market power to acquire Instagram and WhatsApp before they could become competitors.

Goldman Sachs profits rise on strong equity trading results

Goldman Sachs reported Monday higher first-quarter profits on strength in equity trading, offsetting a hit from losses in investments on public stock markets.

Hungarian lawmakers back constitutional curbs on LGBTQ people, dual nationals

Hungarian lawmakers on Monday overwhelmingly backed constitutional changes targeting the country's LGBTQ community and dual nationals, the latest step to strengthen longtime nationalist Prime Minister Viktor Orban's self-styled "illiberal" brand of democracy.

Argentine peso depreciates after exchange controls lifted

Argentina's currency dropped 8.4 percent against the US dollar as markets opened in Buenos Aires Monday, after the partial lifting of exchange controls in place for six years.

Kim Kardashian will testify at Paris jewellery theft trial: lawyer

US reality television star Kim Kardashian is to testify in person at an upcoming French trial over an armed robbery of her jewellery in Paris in 2016, her US lawyer Michael Rhodes said Monday.

China warns UK against 'politicising' steel furnaces rescue

Beijing on Monday warned against "politicising" the rescue of Chinese-owned British Steel, as the UK government raced to secure raw materials to keep the country's remaining steelmaking blast furnaces running.

Xi calls on China, Vietnam to 'oppose unilateral bullying' on regional tour

Chinese leader Xi Jinping on Monday called on his country and Vietnam to "oppose unilateral bullying", Beijing's state media reported, during a regional tour as leaders confront US tariffs.

Stocks rise on new tariff twist

Stock markets rose, gold hit another record high and the dollar regained some ground Monday as investors grappled with the latest twists and turns in US President Donald Trump's trade war.

China, Vietnam sign agreements after Xi warns protectionism 'leads nowhere'

China and Vietnam signed dozens of cooperation agreements Monday, strengthening ties between the communist-run countries after Chinese leader Xi Jinping warned that protectionism "leads nowhere" and that a trade war would have "no winners".

Stocks rise on tech tariffs respite, gold hits new high

Stock markets rose firmly on Monday after fears over US President Donald Trump's trade war were tempered by tariff exemptions for smartphones, laptops, semiconductors and other electronic products.

Trump says no one 'off the hook' on tariffs but markets rise

Markets on Monday welcomed a US tariffs reprieve for electronics, but President Donald Trump warned no country would get "off the hook" in his trade war -- especially China.

Trump spotlight divides S.Africa's Afrikaners

Country music and the aroma of pancakes enveloped the "Boeremark", or farmer's market, outside South Africa's capital Pretoria where thousands of Afrikaners browsed on a Saturday morning.

Chinese exports soared in March ahead of Trump's 'Liberation Day'

China said Monday that exports soared more than 12 percent last month, beating expectations as businesses rushed to get ahead of swingeing tariffs imposed by US President Donald Trump on his so-called "Liberation Day".

China's exports beat forecast in March despite trade war woes

China said Monday that exports soared 12.4 percent year-on-year last month, beating expectations as Beijing navigated mounting trade headwinds sparked by US President Donald Trump.

Solar park boom threatens Spain's centuries-old olive trees

At his farm in southern Spain, Francisco Campos looked worriedly at a green sea of centuries-old olive trees that he fears will face the axe to make way for a proposed solar park.

Trump tariff rollercoaster complicates ECB rate call

US President Donald Trump's on-and-off tariffs have clouded the picture for European Central Bank policymakers meeting this week to decide whether to lower eurozone interest rates again.

Sawt Falasteen - Economy (English)