Sawt Falasteen - Economy

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Featured

Macron hosts Saudi's MBS for visit ranging from esports to Mideast

French President Emmanuel Macron welcomes Saudi crown prince and de facto ruler Mohammed bin Salman on Sunday for a two-day visit set to range from esports to the war in the Middle East.

US, Canada fail to reach trade pact to avert Trump tariffs

Hefty US tariffs on some Canadian products took effect on Saturday after days of negotiations that went down to the wire failed to produce an agreement.

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Putin hails Russia's strong 2024 economic growth

Russia reported strong economic growth for 2024 on Friday as record spending on the military offensive against Ukraine outweighed the impact of Western sanctions.

Papadakis and Hubbell take same-sex ice dancing to new level

Olympic champions Gabriella Papadakis and Madison Hubbell on Thursday took to the ice at a figure skating gala in Zurich trying to "push the limit" of the sport as a first same-sex pair to skate together in an elite event.

Hong Kong to file complaint with WTO over US tariffs

Hong Kong will file a complaint with the World Trade Organization in response to heightened US tariffs on its goods, a government spokesperson said Friday, days after Beijing announced a similar move.

'Lottery ticket': Crypto investors brace for bumpy ride under Trump

Nick was enjoying his Saturday off work in Pennsylvania when he received an unexpected and alarming message: cryptocurrencies, buoyed since Donald Trump's November 5 election win, were in freefall.

Most Asian markets rise ahead of key US jobs data

Most Asian equities advanced Friday as investors head into the weekend awaiting the release of US jobs data, while traders kept a nervous eye on Washington as the Trump administration presses ahead with a hardball trade agenda.

'Social Network' star Eisenberg slams Zuckerberg as 'obsessed with power'

Hollywood star Jesse Eisenberg, who played Mark Zuckerberg in 2010 hit "The Social Network", told AFP the Facebook owner had evolved from having "a sense of righteousness" into "somebody obsessed with power".

Big Tech's AI spending rattles markets

E-commerce giant Amazon reported strong earnings Thursday but, like its big tech peers Microsoft and Google, saw its stock price fall on concerns over high AI investment costs.

Trump trade nominee says universal tariffs worth considering

US President Donald Trump's trade envoy nominee Jamieson Greer told his confirmation hearing Thursday that universal tariffs were worth studying, adding that he would work to restructure global trade ties.

Amazon profits double, but cautious outlook disappoints

E-commerce giant Amazon reported Thursday its fourth-quarter net income nearly doubled to $20 billion, driven by strong holiday sales, but its outlook for the coming quarter came in less than hoped for by analysts.

Trump trade nominee floats universal tariffs

Kendrick Lamar promises 'storytelling' at Super Bowl show

Rapper Kendrick Lamar, one of the big success stories of the Grammys last weeks, said Thursday his fans should expect "storytelling" at the Super Bowl halftime show this weekend.

L'Oreal bullish after net profits rise

French cosmetics giant L'Oreal said Thursday its profits rose last year despite the declining Chinese market and it made bullish statements about its hopes for 2025.

Papadakis, Hubbell breaking new ground as same-sex ice dancers

Olympic champions Gabriella Papadakis and Madison Hubbell on Thursday took to the ice at a figure skating gala in Zurich trying to "push the limit" of the sport as a first same-sex couple to skate together.

Global stocks mostly climb as trade fears ease

Stock markets mostly rose Thursday on easing trade tensions and some strong company earnings, with London and Frankfurt hitting record highs.

Volvo Cars anticipates bumpy 2025 as demand slows

Sweden's Volvo Cars, owned by China's Geely Group, said Thursday that annual profits rose in 2024 despite a final quarter slowdown but that the outlook for this year is tougher.

Bank of England slashes UK growth outlook amid Trump tariff threat

The Bank of England on Thursday halved its forecast for UK economic growth this year, blaming global risks amid US tariff threats and deteriorating business confidence in the UK.

EU quizzes Shein over 'illegal' products

The EU on Thursday told online fashion giant Shein to hand over information on risks linked to illegal products on its site, paving the way for a second probe into the Chinese-founded firm.

French parliament finally adopts 2025 budget

The French parliament on Thursday finally adopted the state's 2025 budget following a tumultuous months-long process that saw the previous government toppled and the current administration survive multiple no confidence votes.

Global stocks rise on easing trade fears, company earnings

Stock markets rose Thursday on easing trade tensions and thanks to some strong company earnings, analysts said.

Gucci ousts chief designer De Sarno after sales slump

Luxury giant Gucci announced Thursday it was parting ways with its chief designer Sabato De Sarno following a sales slump, in the latest shakeup at a major European label.

Honda-Nissan merger talks 'basically over': source

Nissan's board is in favour of abandoning merger talks with Honda but calling them off has yet to be officially decided by executives at the two Japanese carmakers, a source close to the matter told AFP on Thursday.

US claims free passage through Panama Canal

The United States said Wednesday that its government vessels would sail for free through the Panama Canal following heavy pressure from President Donald Trump, but authorities at the waterway swiftly issued a denial.

In the English countryside, a pylon war looms

Standing by his winter wheat field on a plot of land where tall electricity pylons are set to be built, John Stacey feels far from bright about the future.

Bank of England set to cut interest rate

The Bank of England was widely expected to cut its key interest rate on Thursday to help support weak British growth even if UK inflation stays elevated.

Nigeria's lithium mining Eldorado sparks concerns

At an open-cast mine, Abdullahi Ibrahim Danjija carefully chisels away at a hunk of whitish rock before stuffing a sack with the pieces which break off the walls.

South Korea ministries, police block DeepSeek access

South Korean ministries and police said Thursday they were blocking DeepSeek's access to work computers, after the Chinese AI startup did not respond to a data watchdog request about how it manages user information.

Glenmorgan Investments On Track to Reach $7 Billion in Assets Under Management

Glenmorgan Investments, a leading global investment firm, is excited to announce record capital inflows across both institutional and retail sectors in the first six weeks of 2025.

Google shares slump but other AI gains lift US stocks

Wall Street stocks forged higher Wednesday, propelled by resurgent optimism about AI while oil prices tumbled on trade war uncertainty and bearish US petroleum inventory data.

Trump signs order barring trans athletes from women's sports

US President Donald Trump signed an executive order on Wednesday seeking to ban transgender athletes from participating in women's sports, in his latest move targeting transgender people since returning to office.

French PM survives no-confidence votes

French Prime Minister Francois Bayrou on Wednesday survived two no-confidence votes in parliament, winning some breathing space after less than two months in office but still facing an uncertain future.

Trump to sign order barring trans athletes from women's sports

US President Donald Trump will sign an executive order Wednesday barring transgender athletes from women's sports, in his latest move targeting transgender people since returning to office.

Google shares slump as trade tensions rattle markets

Shares in Google parent Alphabet slumped on Wednesday as its earnings disappointed investors and it was ensnared in rising trade tensions.

Sawt Falasteen - Economy (English)