Sawt Falasteen - Economy

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Microsoft's Brad Smith calls for 'real and effective' AI safety standards

Microsoft president Brad Smith warned Tuesday that industry and governments must "act with urgency" to create "real and effective safety standards" to contain the risks linked to artificial intelligence.

EU watchdog says smart glasses must give 'clear warnings' when recording

The European Union's central data regulator on Tuesday said smart glasses should give "clear warnings" when they are recording, after a public outcry in recent months over secretly filmed footage of girls and women.

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Global stocks mostly fall as US Treasury yields climb

Global stocks mostly fell Thursday as markets digested fresh central bank decisions and a rebound effort on Wall Street faded while US Treasury bond yields climbed further.

Nigeria school fair stampede kills 35 children

A stampede at a school funfair in the southwestern Nigerian city of Ibadan has killed 35 children and seriously injured six others, police said on Thursday.

Thousands of US Amazon staff strike days before Christmas

Thousands of Amazon workers on Thursday launched what they called the "largest strike against Amazon in US history" seeking to maximize pressure on the retail behemoth at the height of the holiday shopping season.

Tariffs could cause 'massive' price increases: Top Biden advisor

Sweeping tariffs under consideration by Donald Trump could cause "massive" increases to the cost of producing everyday goods including coffee and chocolate, President Biden's top economic advisor said Thursday.

Turkey's Pegasus Airlines says to buy 200 Boeing 737 aircraft

Turkey's Pegasus Airlines said Thursday it would buy 200 Boeing 737 MAX 10 aircraft in its largest-ever order worth some $36 billion as it seeks to expand its service.

Who are the men convicted in French mass rape trial?

France's trial of a man who drugged his now ex-wife so he and dozens of strangers could rape her while unconscious ended on Thursday with all 51 defendants being convicted.

US govt shutdown looms as Trump, Musk kill funding deal

The United States was staring down the barrel of a holiday-period government shutdown Thursday as a late-hour intervention by Donald Trump and Elon Musk threatened efforts in Congress to keep the lights on through the New Year.

Co-owner Ratcliffe increases Manchester United stake

Jim Ratcliffe has increased his stake in Manchester United to nearly 29 percent after completing the cash injection he promised when purchasing a minority share of the Premier League club.

Amazon workers in US strike days before Christmas

Thousands of workers at Amazon facilities across the United States went on strike Thursday, the Teamsters Union said, halting work at the height of the busy holiday gift-giving season.

Denmark expects Chinese ship probed over cut cables to depart

Denmark's foreign minister said Thursday that he expected a Chinese ship, anchored off the Danish coast and linked to two severed undersea cables, would be able to leave once an inspection which included four countries was completed.

BoE holds interest rate after inflation rise

The Bank of England on Thursday kept its key interest rate at 4.75 percent, deciding against a cut in line with the US Federal Reserve, as UK inflation rises again.

Portugal, Spain, France bust contaminated seafood ring

A European operation has spared revellers a potential food poisoning nightmare before Christmas, seizing 30 tonnes of molluscs illegally fished in polluted waters and arresting 62 suspects, authorities said on Thursday.

Stock markets decline as Fed eyes fewer rate cuts

European and Asian stock markets slid Thursday following sharp losses on Wall Street as the Federal Reserve signalled fewer cuts to US interest rates next year.

Gisele Pelicot's ex-husband jailed 20 years in France mass rape trial

A court on Thursday sentenced a French man to the maximum term of 20 years jail for committing and orchestrating the mass rapes of his now former wife Gisele Pelicot with dozens of strangers he recruited online.

Markets track Wall St down after Fed forecast, BoJ hits yen

Equity markets sank Thursday following a severe sell-off on Wall Street that came after the Federal Reserve halved its rates outlook, while the yen weakened as the Bank of Japan decided against a hike.

Ivory Coast wants bigger share of its mining boom

Ivory Coast's mining industry is booming, driven by foreign investment and the discovery of new deposits, but the country now wants a bigger slice of the pie for its own businesses.

Greek women fight for 'right to the truth' over abuse and violence

When Elli was sexually assaulted by her older brother when she was 11, the young Greek girl had a stark decision to make in a country where a patriarchal culture still dominates.

Asian stocks track Wall St down after Fed forecast, BoJ hits yen

Asian markets sank Thursday following a severe sell-off on Wall Street that came after the Federal Reserve halved its rates outlook, while the yen weakened as the Bank of Japan decided against a hike.

Yen drops as Bank of Japan maintains key interest rate

The yen weakened against the dollar Thursday after the Bank of Japan kept borrowing costs unchanged, extending a retreat for the currency that came after the Federal Reserve forecast fewer rate cuts.

Asian markets track Wall St rout as Fed pares rate-cut forecast

Asian markets sank Thursday and the dollar held gains following a severe sell-off on Wall Street that came after the Federal Reserve halved its rates outlook and boss Jerome Powell warned officials' focus was back on fighting inflation.

US Fed signals fewer cuts, sending stocks tumbling

The US Federal Reserve on Wednesday cut interest rates by a quarter point and signaled a slower pace of cuts ahead, triggering a sharp sell-off in the financial markets.

Trump opposes deal to avert government shutdown

US president-elect Donald Trump urged Republican lawmakers Wednesday to scupper a cross-party deal to avert a fast-looming US government shutdown.

US stocks tumble, dollar rallies as Fed signals fewer 2025 rate cuts

Wall Street stocks tumbled and the dollar rallied Wednesday after the Federal Reserve lowered borrowing rates again but projected fewer 2025 interest rate cuts in light of lingering inflation concerns.

US Supreme Court agrees to hear TikTok ban case

The US Supreme Court agreed on Wednesday to hear TikTok's appeal of a law that would force its Chinese owner to sell the online video-sharing platform or shut it down.

Stocks and dollar edge higher before Fed rate decision

Stock markets mostly edged higher while the dollar rose against main rivals Wednesday ahead of an expected decision by the US Federal Reserve to cut interest rates.

Stock steady, dollar climbs before Fed rate decision

Stock markets moved sideways while the dollar edged higher against main rivals Wednesday with the US Federal Reserve expected to cut interest rates.

UK electricity grid set for 'unprecedented' £35 bn investment

National Grid unveiled Wednesday a massive plan to nearly double the transmission capacity of the UK's electricity grid, boosting the British government's net zero ambitions.

Germany criticises UniCredit's 'unfriendly' moves on Commerzbank

Italian bank UniCredit's move to increase its stake in German lender Commerzbank, which further fuelled speculation of a takeover bid, was "uncoordinated and unfriendly", the German government said Wednesday.

Syrians face horror, fearing loved ones may be in mass graves

After losing hope of finding his two brothers among those freed from Syrian jails, Ziad Alaywi was filled with dread, knowing there was only one place they were likely to be: a mass grave.

Dutch authorities fine Netflix 4.75 mn euros over personal data use

Dutch authorities fined video streaming giant Netflix 4.75 million euros ($4.98 million) Wednesday over its handling of subscribers' personal data, which it said was unclear or incomplete in several respects.

Further hike in UK inflation hits rate cut chance

UK annual inflation climbed further above the Bank of England's target rate in November, official data showed Wednesday, firming expectations that it will avoid cutting interest rates this week.

Stock markets, dollar climb before Fed rate decision

Stock markets mostly climbed and the dollar steadied against main rivals Wednesday with the US Federal Reserve set to cut interest rates.

Sawt Falasteen - Economy (English)