Sawt Falasteen - Economy

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Featured

UBS beats expectations as claws backs provisions

Swiss banking giant UBS reported third-quarter earnings that beat analyst expectations, thanks in part to clawing back provisions for possible litigation, but also sustained by strong performances in its trading and wealth divisions.

Australian police design AI tool to decipher predators' Gen Z slang

Australian police are working on an AI prototype that will help them decipher Gen Z slang and emoji-laden messages written by online predators, a top official said Wednesday.

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American Airlines reports smaller loss, sees travel demand improving

American Airlines reported a smaller than expected loss Thursday, pointing to robust travel demand from wealthier customers that has offset weakness among lower-income consumers.

France's government suspends pensions reform in new budget bill

France's government on Thursday moved to delay the application of a controversial 2023 pensions reform, but sparked criticism for seeking to pay for it with increased health insurance taxes and frozen pensions.

Republicans warn of chaos at US airports as shutdown drags

Republicans sounded the alarm Thursday over potential turmoil at US airports as the government shutdown threatens to drag into November, warning of ruined holiday plans for millions of Americans.

Gender-row boxer Lin wins gold in first event since Paris Olympics

Taiwanese Olympic boxing champion Lin Yu-ting won gold on her return to the ring following the gender row that exploded at the 2024 Paris Games, her coach told AFP Thursday.

Oil prices surge as Trump hits Russian crude with sanctions

Oil prices surged more than five percent Thursday after US President Donald Trump targeted Russia's key oil industry with new sanctions in a bid to end the war in Ukraine.

Oil spikes as Trump targets Russia giants, US-China hopes lift stocks

Crude prices spiked more than two percent Thursday after US President Donald Trump said he would impose heavy sanctions on two Russian oil companies.

Indonesia, Brazil strike cooperation deals as leaders meet

Indonesia and Brazil agreed to boost ties and struck a series of agreements on Thursday as their leaders met in Jakarta, with Southeast Asia's biggest economy looking to make further inroads into South American markets.

Oil and gas majors stick to their guns on climate advertising

Oil and gas companies have increasingly come under legal attack over their role in contributing to global warming, yet unlike other industries that face tougher regulations they have not abandoned their climate marketing claims.

Online search a battleground for AI titans

Tech firms battling for supremacy in artificial intelligence are out to transform how people search the web, challenging the dominance of the Chrome browser at the heart of Google's empire.

Taiwan detects first cases of swine fever

Taiwan has culled dozens of pigs after detecting its first cases of African swine fever, with the agriculture ministry saying Thursday no other infections have been detected elsewhere on the island.

Climate crunch time in Brussels as EU leaders meet

The European Union's climate ambitions and its hopes for an industrial revival will come to a head Thursday as the bloc's 27 leaders meet to chart a way forward -- with the clock ticking to set a key emissions goal.

Crude spikes as Trump threatens Russian giants, stocks turn lower

Crude prices spiked more than two percent Thursday after Donald Trump said he would hit two Russian oil companies with hefty sanctions, while talk that the White House was planning curbs on software exports to China added to gloom on markets.

Amazon uses AI to make robots better warehouse workers

Amazon on Wednesday said it is speeding up the automation of its warehouses with the help of artificial intelligence and robotics, raising questions about the future of human workers.

Meta to cut 600 jobs in artificial intelligence: reports

Facebook owner Meta is cutting 600 jobs in its artificial intelligence division in a move intended to streamline operations after an aggressive hiring spree, US media reported Wednesday.

Frustrated federal employees line up for food as US shutdown wears on

Standing in the middle of a parking lot in suburban Washington, surrounded by hundreds of federal employees waiting for food handouts amid the US government shutdown, Diane Miller summed it up simply.

Global stocks mostly fall on lackluster results from Netflix, others

Gold prices sank further Wednesday while major stock markets mostly fell following some disappointing corporate earnings amid lingering worries over trade tensions.

Tesla profits tumble on higher costs, tariff drag

Tesla reported a hefty drop in profits Wednesday, citing a drag from tariffs and other expenses that more than offset a lift from increased auto sales.

To make ends meet, Argentines sell their possessions

A street market in a Buenos Aires working-class neighborhood bustles with desperate Argentines who have taken to hawking their belongings to make ends meet as the economy sputters.

Some deceased see the light before Mexico's Day of the Dead

Under the blazing Mexican sun, Maria Couoh dusts off the skull of her late uncle Tomas.

Car giant VW warns of production hit from Nexperia chips row

Germany's Volkswagen warned Wednesday that its car production could be hit by a shortage of Nexperia semiconductors amid a deepening row between China and the Netherlands over the chipmaker.

Global trade system risks coming off the rails: UN chief

The rules-based international trade system is in danger, UN chief Antonio Guterres warned Wednesday, amid spiralling debt, heavy tariffs and financial insecurity for emerging nations.

Air safety in focus as US government shutdown hits fourth week

The US government shutdown entered its fourth week Wednesday, becoming the second longest in history, as Donald Trump's Republicans and the opposition Democrats faced increasing pressure to end a stalemate that has crippled public services.

Gold, stocks slide on economic jitters

Gold prices sank further Wednesday and major stock markets mostly fell on fresh economic jitters caused by China-US trade uncertainty and a batch of weak company earnings.

SpaceX says 'disabled' 2,500 Starlink devices at Myanmar scam centres

SpaceX has cut service to more than 2,500 Starlink internet devices at Myanmar scam centres, a company executive said Wednesday, after AFP revealed that their use had exploded in the illicit industry.

Gold, stocks drop on economic jitters

Gold prices sank further Wednesday and major stock markets mostly dropped on fresh economic jitters caused by China-US trade uncertainty and some weak company earnings.

Eurostar plans double-decker train amid competition threat

Eurostar said Wednesday it will run double-decker trains through the Channel Tunnel for the first time, as it faces potential competition on its routes between London and mainland Europe.

UniCredit beats expectations with rise in profits

Italy's second largest bank, UniCredit, beat analyst expectations on Wednesday with record third-quarter profits as higher commissions and cost cutting measures outweighed lower interest income.

Gold falls again as rally comes to halt, stock markets mixed

Gold and silver sank for a second day Wednesday, bringing a rally in the precious metals to a juddering halt, while stocks were mixed after US President Donald Trump remarked that a meeting with Chinese counterpart Xi Jinping might not take place.

Hermes defies US tariffs as sales grow

Sales by French luxury group Hermes, known for its silk scarves and leather handbags, defied US tariffs and a weak dollar to rise in the third quarter.

Kermit aims to ease French nerves at Art Basel Paris

A huge inflatable Kermit the frog will be the star of the Art Basel Paris contemporary art fair this week in the French capital, unnerved by a daring heist at the Louvre.

'Mixed performance': Heineken beer sales down

Dutch brewer Heineken Wednesday reported a steep drop in beer sales in the third quarter, driven by a sharp decline in the United States and Europe and a "challenging" economy.

Gold falls again as rally comes to halt, Asian markets drop

Gold and silver tumbled for a second day Wednesday, bringing a rally in the precious metals to a juddering halt, while equities also sank after US President Donald Trump remarked that a meeting with Chinese counterpart Xi Jinping might not take place.

Sawt Falasteen - Economy (English)