Sawt Falasteen - Economy

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Featured

Stocks drop as tech rally fades

Stock markets fell Tuesday as investors weighed the recent tech rally on Wall Street against growing fears of an AI bubble and concerns over the US interest-rate outlook.

Nvidia, Deutsche Telekom unveil 1-bn-euro AI industrial hub

US tech giant Nvidia and Deutsche Telekom said Tuesday a one-billion-euro ($1.1 billion) industrial artificial intelligence hub will soon be launched in Germany, Europe's latest bid to catch up in the global AI race.

Last news

France set for disruption as new PM takes office

France's new Prime Minister Sebastien Lecornu takes office on Wednesday facing a day of protests that are expected to see transport, education and other services suffer disruptions in a show of grassroots anger against President Emmanuel Macron.

Asian markets rally as new US jobs data fans rate cut hopes

Asian markets extended gains on Wednesday following a record day across Wall Street as fresh data pointing to a weakening US jobs market ramped up expectations for a series of Federal Reserve rate cuts.

Pacific Avenue Capital Partners Advances European Strategy with Team Expansion and Dedicated Sidecar Vehicle

PARIS, FR / ACCESS Newswire / September 10, 2025 / Pacific Avenue Capital Partners ("Pacific Avenue"), a global private equity firm specializing in corporate carve-outs and complex transactions, today announced key milestones in its European expansion. Less than a year after opening its Paris office and appointing Xavier Lambert as Head of Europe, the firm has built a high-caliber team with full execution capabilities. It has also expanded its presence across the region and raised a dedicated sidecar vehicle to support investments in new platforms throughout Europe.

US stocks close at fresh records, digesting weak jobs data

US stock indices rocketed to fresh records as markets digested disappointing US jobs data, while political upheaval in France lifted the European country's borrowing rate.

Trump ready to match EU tariffs on China, India to pressure Putin: US official

The United States is ready to broaden tariffs targeting buyers of Russian oil -- if the EU takes similar moves -- to hit at revenue Moscow needs for the war in Ukraine, a US official told AFP Tuesday.

Apple's move to eSIM-only strengthens global trend

Apple's Tuesday announcement that the new iPhone 17 Air will only be available around the world without physical SIM cards marks a new advance for the virtual eSIM technology the firm has relied on in the US for years.

Macron names close ally Lecornu new PM

French President Emmanuel Macron on Tuesday named defence minister and his close ally Sebastien Lecornu as the new prime minister to resolve a deepening political crisis as protests loom in the next days.

First of five judges in Bolsonaro coup trial votes to convict

A judge in Brazilian ex-president Jair Bolsonaro's coup trial voted Tuesday to convict him, with four others yet to give their verdicts in a case that has angered the right-winger's US ally Donald Trump.

Stocks climb eyeing US rate cut, political turbulence

Stock markets mostly rose while gold reached new highs on Tuesday, with expectations of US rate cuts to bolster the world's biggest economy offsetting political turbulence in Japan and France.

Stocks climb as US rate cut hopes counter political shakeups

Stock markets mostly rose while gold hit a record high on Tuesday, with expectations of US rate cuts to bolster the world's biggest economy outweighing political shakeups in Japan and France.

Miners Anglo American, Teck to forge copper giant

British mining group Anglo American and Canadian peer Teck Resources announced Tuesday plans for a multi-billion-dollar merger, with copper in strong demand as the world transitions to cleaner energy and artificial intelligence.

Stocks climb eyeing US rate cuts, political changes

Stock markets mostly rose and gold hit a record high Tuesday as traders balanced expectations of cuts to US interest rates with political shakeups in Japan and France.

'Da Vinci Code' author Dan Brown releases latest thriller

Best-selling American author Dan Brown, creator of the publishing phenomenon "The Da Vinci Code", released his latest thriller Tuesday in 16 languages simultaneously.

Miners Anglo American, Teck plan new copper giant

British mining group Anglo American and Canadian peer Teck Resources on Tuesday announced plans for a multi-billion-dollar merger, creating a champion of copper production and other critical minerals.

Markets mainly rise on US rate cut hopes

Asian and European markets mostly rose Tuesday fuelled by optimism the Federal Reserve will slash interest rates this year, with gains led by a record high in Tokyo while gold also hit a fresh peak.

Mistral cements AI lead in Europe with cash infusion

France's Mistral on Tuesday cemented its position as Europe's top AI hope against far larger US and Chinese competitors after a record fundraising round and a tie-up with chipmaking equipment heavweight ASML.

Merz to open Munich motor show as engine row threatens to combust

German Chancellor Friedrich Merz will open the IAA motor show in Munich on Tuesday as debate rages over the EU's target to phase out combustion-engine vehicle sales within a decade.

Most Asian markets rise on US rate hopes, Tokyo hits record

Asian markets mostly rose Tuesday fuelled by optimism the Federal Reserve will slash interest rates this year, with gains led by a record high in Tokyo while gold also hit a fresh peak.

Trump admin launches immigration raids in Chicago

The Trump administration on Monday launched a new immigration enforcement operation in Chicago, saying the latest federal crackdown in a US city would target the "worst of the worst criminals."

Murdoch family settles dispute on control of media assets

Rupert Murdoch's children have reached a settlement in the legal dispute over control of the right-wing media mogul's companies, News Corp and Fox Corp announced Monday.

OpenAI backs AI-animated film for Cannes debut

ChatGPT-maker OpenAI is backing the production of a feature-length animated film created largely with artificial intelligence tools, aiming to prove the technology can revolutionize Hollywood filmmaking with faster timelines and lower costs.

Macron scrambles to find new French PM after Bayrou ousted

President Emmanuel Macron will accept the resignation of Prime Minister Francois Bayrou on Tuesday after his government was ejected in a confidence vote, with the French leader rushing to find a successor and stave off a new political crisis.

Ex-WhatsApp executive sues Meta over alleged security failures

The former top security executive at WhatsApp filed Monday a US federal lawsuit alleging that parent company Meta systematically violated cybersecurity regulations and retaliated against him for reporting the failures.

French PM ousted in parliament confidence vote

France's parliament on Monday ousted the government of Prime Minister Francois Bayrou after just nine months in office, leaving President Emmanuel Macron scrambling to find a successor and plunging the country into a new political crisis.

BRICS leaders denounce protectionism, tariff 'blackmail'

Leaders of the 11-member BRICS bloc railed against economic protectionism and "tariff blackmail" during a virtual meeting Monday held amid a damaging trade war with US President Donald Trump.

Germany's VW, China's BYD face off at Munich auto show

Europe's top car manufacturer Volkswagen presented a series of more affordable electric vehicles Monday as Chinese EV titan BYD said it would start producing a cut-price model on the continent.

French PM set to fall after warning on 'life-threatening' debt

French Prime Minister Francois Bayrou was set to fall in a confidence vote in parliament on Monday, warning in a final speech that the country was facing a "life-threatening" crisis over its debt.

UN nuclear watchdog says hopes for inspections deal with Iran soon

The head of the UN nuclear watchdog said Monday that he was hopeful of reaching a deal with Iran on a full resumption of inspections of its sites in the "next few days", warning that "not much" time was left.

VW unveils affordable EVs to take on Chinese rivals

Europe's top car manufacturer Volkswagen on Monday presented a series of more affordable electric vehicles to take on fast-growing Chinese rivals as Germany's troubled auto sector seeks to turn around its fortunes.

Hometown funeral for Italian fashion legend Giorgio Armani

The private funeral of fashion legend Giorgio Armani was set to take place Monday in a picturesque village near Piacenza, in the northern Italian region where the designer grew up.

Stocks rise tracking political upheaval, data

Global stock markets rose Monday as traders focused on political upheaval in France and Japan, in addition to mixed economic data.

Millions hit as London Underground train workers strike

Rush-hour commuters faced chaos Monday as staff on the London Underground train network staged a five-day strike, shutting stations and forcing people to work from home or use alternative modes of transport.

Sawt Falasteen - Economy (English)