Sawt Falasteen - Economy

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Featured

Stella Rimington, first woman to lead UK's MI5 dies at 90

Stella Rimington, the first woman to head the UK's domestic secret service MI5, has died at the age of 90, the spy agency announced on Monday.

Tesla approves $29 bn in shares to Musk as court case rumbles on

Tesla announced an "interim" compensation award worth about $29 billion for Elon Musk on Monday, asserting the need to retain the controversial CEO at a moment of fierce competition for top talent.

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Russia cuts interest rates from two-decade high as economy slows

Russia's central bank on Friday cut its key interest rate to 20 percent -- down from a two-decade high of 21 percent -- as the economy slows and officials say months of rapid price rises are coming under control.

Germany faces two more years of recession if US trade war escalates: central bank

Germany could face two more years of recession if a trade war with the United States escalates sharply, the central bank said Friday, a bleak warning for Europe's struggling top economy.

India's Modi opens strategic railway in contested 'crown jewel' Kashmir

Prime Minister Narendra Modi made his first visit to Kashmir on Friday since a conflict with arch-rival Pakistan, opening a strategic railway line to the contested region he called "the crown jewel of India".

Amazon agrees to tackle fake reviews in UK: regulator

Amazon has agreed to clamp down on fake online reviews of products advertised on its UK site, Britain's competition regulator said Friday.

Markets wobble as Trump-Xi talks offset by Musk row

Markets stuttered on Friday as optimism from "very positive" talks between presidents Donald Trump and Xi Jinping was wiped out by the stunning public row between the US leader and Elon Musk.

New Europe push to curb children's social media use

From dangerous diet tips to disinformation, cyberbullying to hate speech, the glut of online content harmful to children grows every day. But several European countries have had enough and now want to limit minors' access to social media.

India's central bank cuts rates more than expected to boost growth

India's central bank cut interest rates more than expected on Friday, citing muted inflation and a need to kickstart economic growth amid concerns about the impact of US tariffs.

India police arrest two after deadly cricket stampede: reports

Indian police arrested two people including a senior executive at IPL-winning cricket team Royal Challengers Bengaluru after 11 fans were crushed to death during victory celebrations, local media reported Friday.

Asian markets wobble as Trump-Xi talks offset by Musk row

Asian markets stuttered Friday as optimism from "very positive" talks between presidents Donald Trump and Xi Jinping was wiped out by the stunning public row between the US leader and Elon Musk.

AI-generated Pope sermons flood YouTube, TikTok

AI-generated videos and audios of Pope Leo XIV are populating rapidly online, racking up views as platforms struggle to police them.

Norway adopts tourist tax to combat overtourism

Norwegian lawmakers approved Thursday the introduction of a tourist tax to help finance infrastructure improvements as a boom in visitors has led to worries about overtourism.

Executive bonuses banned at six UK water companies over pollution

Six UK water companies were banned Friday from paying bonuses to senior executives, which the government said would be inappropriate given their failure to clean up their massive sewage discharges.

Trump travel ban won't hit Los Angeles Olympics: organizers

Los Angeles 2028 Olympics organizers said Thursday the Games will not be impacted by President Donald Trump's ban on citizens from 12 countries from visiting the United States.

Trump-Xi call fuels market optimism but US stocks slip on Musk row

Wall Street closed lower Thursday as a spat between President Donald Trump and his billionaire former aide Elon Musk spilled into the public eye, but global markets were mixed while investors assessed trade talks between Washington and Beijing.

Judge scolds Sean Combs after he nods at jurors

The judge overseeing the US federal trial of fallen hip-hop giant Sean "Diddy" Combs threatened to remove him from the courtroom Thursday after he apparently made facial expressions at jurors.

Jury begins to consider Harvey Weinstein verdict

Jurors began deliberating their verdict in Hollywood mogul Harvey Weinstein's rape and sexual assault retrial Thursday after hearing from three women who allege the cinema power broker preyed on them.

Germany's Merz survives Trump test, despite Ukraine differences

German Chancellor Friedrich Merz came through his Oval Office encounter with Donald Trump relatively unscathed Thursday -- despite differences over Ukraine as the US president said it might be better to let Moscow and Kyiv fight it out like children.

Jury prepares to consider Harvey Weinstein verdict

Jurors prepared to consider a verdict in Hollywood mogul Harvey Weinstein's rape and sexual assault retrial Thursday after hearing from three women who allege the cinema power broker preyed on them.

ECB cuts rates again but pause seen ahead

President Christine Lagarde said the European Central Bank was in a "good place" to deal with global uncertainty as it cut interest rates again Thursday, fuelling expectations it might soon hit pause after a lengthy easing cycle.

Dr Martens seeks more stability after new profit slide

British iconic bootmaker Dr Martens on Thursday announced another sharp drop in annual profits, as it looks to build on recent stability under its new chief executive.

Restaurants strike on popular Greek tourist island over beach clampdown

Restaurant owners on the Greek tourist island of Paros staged a 24-hour shutdown Thursday to protest against zoning regulations blocking them from using part of the island harbour's beachfront.

ECB cuts rate again facing growth, tariff woes

The European Central Bank's easing cycle reached the one-year mark Thursday when policymakers delivered another interest rate cut as concerns mount about the struggling eurozone economy and global trade tensions.

First ever Birkin bag to be auctioned in July

The first Birkin bag that was designed by French luxury brand Hermes for actress Jane Birkin in 1984, will be auctioned in Paris on July 10, auction house Sotheby's said Thursday.

Eurozone stocks climb before ECB rate decision

Eurozone stock markets climbed Thursday as the European Central Bank prepared to announce another cut to interest rates in the face of US tariffs.

Equities on front foot as US data feeds rate-cut hopes

Shares enjoyed a healthy run Thursday after soft US economic data boosted expectations the Federal Reserve will soon cut interest rates and put the focus on key jobs figures coming at the end of the week.

New eurozone rate cut expected as Trump trade war weighs

US President Donald Trump's tariff blitz, persistent growth worries and slowing inflation are expected to prompt eurozone rate-setters to lower borrowing costs again on Thursday.

Gamers get hold of Nintendo's hotly awaited Switch 2

Gamers on Thursday finally got their hands on Nintendo's new Switch 2 console, which could score record early sales for the Japanese "Super Mario" creator.

Most Asian markets rise as US data feeds rate-cut hopes

Asian shares mostly rose Thursday after soft US economic data boosted expectations the Federal Reserve will soon cut interest rates and put the focus on key jobs figures coming at the end of the week.

Canada steelworkers urge Ottawa to counter Trump

Steelworkers in the Canadian city of Hamilton see President Donald Trump's latest trade war escalation as a wake-up call, insisting US efforts to protect struggling metal producers demand an equivalent national response.

Bulgaria on course to become 21st EU member to adopt euro

The European Commission gave the green light on Wednesday for Bulgaria to adopt the euro from next year, putting the Balkan country on course to become the 21st member of the single currency area.

US-China at trade impasse as Trump's steel tariff hike strains ties

US President Donald Trump said Wednesday it is "extremely hard" to reach a deal with China as a trade impasse persisted, while his doubling of metal tariffs fueled tensions with key partners.

Nintendo fans stoked for Switch 2 'mega launch'

With shops planning midnight launch parties after a run on pre-orders, Nintendo releases the Switch 2 on Thursday, hoping to score record early sales for a games console.

Sawt Falasteen - Economy (English)