Sawt Falasteen - Economy

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Featured

Thousands expected at Sweden climate demo as election looms

Around 10,000 people are expected to turn out for a climate demonstration in Stockholm on Sunday, according to Swedish police and organisers, just weeks ahead of a general election where the issue is among voters' top concerns.

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.

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Samsung Electronics posts 129.85% jump in Q4 operating profit

Samsung Electronics said Friday its operating profits surged 129.85 percent year-on-year in the fourth quarter of 2024, but fell from the previous quarter as it struggled to meet demand for chips used in artificial intelligence servers.

French luxury billionaire sparks tax debate with threat to leave

Bernard Arnault, the billionaire boss of the world's biggest luxury conglomerate LVMH, has picked a fight with the French government by suggesting that companies could flee France for the United States to escape a planned tax hike.

Washington midair crash: What we know so far

A US commercial airliner with 64 people aboard and a military helicopter collided over Washington on Wednesday before crashing into the Potomac River.

Trump blames 'diversity' for deadly Washington airliner collision

US President Donald Trump -- speaking as the bodies of 67 people were being pulled from Washington's Potomac River -- launched an extraordinary political attack Thursday, blaming diversity hires for the midair collision between an airliner and a military helicopter.

Merkel slams successor over far-right support on immigration bill

Germany's ex-chancellor Angela Merkel weighed in Thursday on a controversy flaring ahead of February elections, slamming her party successor for relying on far-right support on the flashpoint issue of immigration.

Stock markets firm on ECB rate cut, corporate results

European stock markets rose Thursday as the European Central Bank cut interest rates again while US shares were steady after a mixed bag of company earnings reports.

Mexican economy shrinks for first time in three years

Mexico's economy suffered its first contraction in three years in the fourth quarter of 2024, official figures showed Thursday, as the country braces for US President Donald Trump's threatened tariffs.

Nostalgia and escapism: highlights from Paris Couture Week

Nostalgia-tinged evening wear, fantasy-fuelled escapism and messages about world peace featured during a packed Paris Couture Week that also saw new changes on fashion's artistic director merry-go-round.

Dubai airport clocks record 92.3m passengers, extending hot streak

A record 92.3 million passengers travelled through Dubai's international airport last year, its operator said on Thursday, extending a post-pandemic tear that exemplifies the city's economic boom.

US economic growth steady in 2024 as Trump takes office

The US economy expanded at a solid clip in 2024, helped by consumer and government spending, official data showed Thursday, signaling its resilience as President Donald Trump takes over the reins.

ECB cuts rate again as eurozone falters, with eye on Trump

The European Central Bank made a fresh interest rate cut Thursday as inflation eases and the eurozone economy flatlines, with a nervous eye on US President Donald Trump's protectionist agenda.

No survivors from plane, helicopter collision in Washington

US officials said Thursday there were likely no survivors after a passenger jet carrying 64 people collided in midair with a military helicopter and crashed into the icy waters of Washington's Potomac river.

France, Germany stall eurozone growth in fourth quarter

Eurozone growth slowed to a halt in the fourth quarter last year, dragged by contractions in major powers Germany and France which were held back by economic headwinds and political instability.

DR Congo leader vows 'vigorous' response as Rwanda-backed fighters advance

DR Congo's president has vowed a "vigorous" military response against Rwandan-backed fighters who have advanced further in the mineral-rich east of the country after seizing most of the region's main city.

European stock markets rise before ECB rate call

European stock markets rose and the euro dipped Thursday, with the European Central Bank expected to cut interest rates as inflation eases and the eurozone economy stalls.

Bodies pulled from Washington river after plane collides with helicopter

A passenger jet carrying 64 people crashed into Washington's Potomac River Wednesday after colliding midair with a military helicopter, with US media reporting multiple bodies pulled from the dark, near-freezing water.

Dubai airport sees record 92.3 million passengers in 2024

A record 92.3 million passengers travelled through Dubai's international airport last year, its operator said on Thursday, underlining the Gulf city's economic boom.

Shell annual profit drops to $16 bn as oil prices fall

British energy giant Shell on Thursday announced a 17-percent drop in annual net profit owing to weaker oil and gas prices as well as asset write-offs.

UK car sector fears for Trump tariffs as output falls

Britain's vehicle production slid below one million units last year as the sector transitions to electric cars, an industry body said Thursday as it warned over US President Donald Trump's tariff threats.

French economy shrinks as political crisis eclipses Olympic boost

The French economy grew 1.1 percent in 2024 but shrank in the fourth quarter as a political crisis gripped the country after a boost from the Paris Olympic Games, official data showed Thursday.

Plane carrying 64 collides with helicopter, crashes in Washington

A US passenger jet carrying 64 people crashed into Washington's Potomac River after colliding midair with a military helicopter on a nighttime training exercise Wednesday, prompting a desperate search for survivors in the dark, near-freezing water.

DR Congo leader says troops mounting 'vigorous' response to M23

DR Congo President Felix Tshisekedi insisted his troops were mounting a "vigorous" response to Rwanda-backed fighters advancing in the country's perennially troubled east and slammed the international community's "silence and inaction".

EU holds auto talks to revive embattled car sector

EU talks to relaunch Europe's embattled car industry are to get underway on Thursday, with automotive CEOs awaited in Brussels to discuss fines and competition from China.

Plane carrying more than 60 collides with helicopter, crashes in Washington

A US passenger plane carrying 64 people crashed into Washington's chilly Potomac River on Wednesday after colliding mid-air with a military helicopter near Reagan National Airport, prompting a major emergency response and the grounding of all flights.

ECB to look past Trump risk and push on with rate cuts

Despite US President Donald Trump's sabre-rattling, the European Central Bank is set to press on with interest rate cuts Thursday as officials increasingly voice confidence that the fight against inflation is on track.

Passenger plane collides with helicopter near Washington airport

A passenger jet from Kansas crashed into Washington's Potomac River after colliding mid-air with a military helicopter near Reagan National Airport, officials said Wednesday, prompting a major emergency response and grounding all flights.

Tesla results miss estimates as company projects 2025 auto volume growth

Tesla reported lower than expected profits Wednesday but confirmed key 2025 benchmarks, saying it will return to sales volume growth and move forward with fully autonomous driving.

Glenmorgan Investments Partners with Major Global Financial Institutions

Glenmorgan Investments expands access to their private funds through global partnerships with major investment banks and trading platforms in the UK, Europe and the Middle East.

Meta posts big profit, aims to take AI lead

Social media giant Meta on Wednesday reported surging profits and revenue for 2024, announcing ambitious plans to expand its artificial intelligence infrastructure in the year ahead.

Brazil central bank hikes interest rate as Lula's woes mount

Brazil's central bank on Wednesday hiked its key interest rate to 13.25 percent in more bad news for leftist President Luiz Inacio Lula da Silva's government, which is struggling to curb high inflation.

Global stocks mixed as market awaits ECB decision

Equity markets were mixed Wednesday as attention turned away from tech stocks to the outlook for monetary policy, with the Federal Reserve holding steady on interest rates ahead of an ECB decision.

Tesla results miss estimates, citing lower vehicle prices

Tesla reported lower than expected profits Wednesday, citing declining vehicle prices as a factor as it projected a return to volume growth in 2025.

Sawt Falasteen - Economy (English)