Sawt Falasteen - Economy

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Featured

VW chief warns carmaker's situation 'more than critical'

Volkswagen's CEO warned Sunday the company was in a "more than critical" state ahead of meetings with the car giant's staff where he will defend the company's savings plans.

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.

Last news

Asian stocks track Wall St rally as US jobs data ease recession fears

Asian stocks rallied Friday as investors breathed a sigh of relief after US jobs data soothed concerns that the world's top economy could tip into recession, bringing a painful week to a positive end.

US stocks bounce higher as jobs data reassures investors

US stocks snapped higher on Thursday as unemployment data eased recession concerns, while European and Asian equities struggled.

US orders FTX, Alameda to pay $12.7 bn to victims

Failed cryptocurrency platform FTX Trading and affiliate Alameda Research must pay $12.7 billion to compensate customers and fraud victims under a consent order, US regulators announced Thursday.

Flying's never been safer, says MIT study

Flying can be a nerve-wracking experience for many people -- but a new study out Thursday finds commercial air travel keeps getting safer, with the risk of death halving every decade.

US stocks bounce higher as jobs data reassures

US stocks snapped higher on Thursday as unemployment data eased recession concerns, while European and Asian equities struggled.

Deliveroo shares surge on 'profit milestone'

Deliveroo shares surged more than ten percent Thursday after the international food delivery app struck its first six-month net profit, an achievement described as a "major milestone" by its boss.

Equity markets resume drops as volatility persists

European and Asian stock markets mostly fell Thursday, with analysts warning that this week's volatility has some time to run.

China's top chipmaker reports Q2 plunge in profits

Leading Chinese chipmaker SMIC announced Thursday a sharp year-on-year drop in profits during the second quarter, as a domestic price war and technological rivalry between Beijing and Washington show no signs of abating.

Siemens profits soar on software demand, AI 'boom'

German industrial giant Siemens said Thursday its quarterly profits jumped sharply, driven by demand for production software as well as the "boom" in artificial intelligence and customers upgrading power grids.

Paris 'flying taxi' flights scrapped during Olympics

Plans to lift an electric-powered "flying taxi" over Paris during the Olympics have been scrapped because certification for its engine has not come through, its promoters said on Thursday.

Equity markets mixed as nervous traders navigate volatility

Asian stocks were mixed Thursday after a sell-off on Wall Street, with analysts warning the volatility that has roiled markets this week still has some time to run as traders fret over the global economy.

How Bangladesh student protests brought in a new leader

A student-led uprising in Bangladesh against government hiring rules culminated this week in the prime minister fleeing, with Nobel peace prize winner Muhammad Yunus set to lead a caretaker government.

Stocks turn lower again as nervous traders navigate volatility

Asian stocks resumed their losses Thursday after a sell-off on Wall Street in a sign that the volatility that has roiled markets this week still has some time to run as traders fret over the global economy.

Buoyed by past success, new CEO Kelly Ortberg will try to turn Boeing around

Aviation experts and analysts have been full of praise for Kelly Ortberg, who returns from early retirement Thursday to take up the challenge of turning Boeing around after a series of quality and financial issues.

Warner Bros. Discovery stock plunges on $10 bn quarterly loss

Warner Bros. Discovery's share price plunged more than 10 percent after-hours on Wednesday after it reported a quarterly loss of almost $10 billion.

Anti-racism, pro-Palestinian protesters unite at London rally

As the advertised evening meet-up time for a rumoured far-right rally approached in northeast London, a crowd of several thousand anti-racism and pro-Palestinian protesters let out a cheer and clapped.

Anti-racism protesters out in force as UK police gird for far-right unrest

Thousands of anti-racism protesters took to the streets in several English cities on Wednesday to oppose days of far-right violence that have UK police on high alert.

Lauryn Hill and the Fugees cancel US tour dates

Rapper Ms. Lauryn Hill canceled the first leg of her US tour, a reunion with the Fugees, ticketing giant Ticketmaster said on Wednesday without saying why.

Chile's largest steelmaker suspends production, blames China

Chile's largest steel plant announced on Wednesday that it had suspended operations because it could not sustain itself financially, despite new tariffs on Chinese steel meant to protect local production.

Stocks extend recovery, yen slides as BOJ reassures on rates

Global stocks recovered further and the Japanese yen slid against the dollar on Wednesday as the Bank of Japan issued a dovish signal it will not hike interest rates further amidst market volatility.

Chinese woman loses appeal for right to freeze her eggs

An unmarried Chinese woman said Wednesday she had lost a final court appeal for the right to freeze her eggs, a procedure only available in China to married women.

Dutch PM risks early ejection from fire hazard office

Dick Schoof only became the Netherlands' prime minister last month, but he may soon already be shown the door -- of his fire-hazard office in The Hague.

Stocks extend recovery, yen slides as doves fly

Global stocks recovered further and the Japanese yen slid against the dollar on Wednesday as the Bank of Japan issued a dovish signal it will not hike interest rates amidst market volatility.

Disney beats quarterly revenue estimates, turns streaming profit

Disney reported Wednesday better revenues than anticipated in the most recent quarter, atop a first profit in its streaming business, while its theme parks came under pressure.

Expect more product placement at Olympics, says IOC

The Olympics is set to feature more and more high-profile product placement in a major departure from the past when brands were kept away from the sport, the International Olympic Committee (IOC) said Wednesday.

Stocks extend recovery, yen slides as volatility grips markets

European and Asian stocks recovered further and the Japanese yen slid against the dollar on Wednesday with markets volatility taking centre stage.

Hong Kong's Cathay unveils deal to buy up to 60 aircraft

Hong Kong carrier Cathay Pacific said Wednesday it would buy up to 60 Airbus A330-900 aircraft as it looks to build on a post-Covid recovery and reach pre-pandemic passenger numbers in the new year.

Music and gaming help Sony hike net profit forecast

Sony raised its annual net profit forecast on Wednesday after a solid performance in the first quarter, predicting strong sales in video games and music, as well as image sensors used in iPhones.

Equities extend recovery, yen weakens as some calm returns

Stocks rose again Wednesday as some stability returned after a volatile start to the week, while the yen weakened further after the Bank of Japan looked to ease worries about more interest rate hikes.

Sony hikes annual net profit forecast after solid Q1

Sony raised its full-year net profit forecast on Wednesday after a solid performance in the first quarter, predicting strong sales in its video game, music and image sensor sectors.

Asian stocks extend recovery, yen weakens as some calm returns

Asian stocks rose again Wednesday as some stability returned after a volatile start to the week, though Tokyo saw more big swings and the yen weakened further as analysts warned more upheaval could be in store.

After AI, quantum computing eyes its 'Sputnik' moment

Quantum computing promises society-changing breakthroughs in drug development and tackling climate change, and on an unassuming English high street, the race to unleash the latest tech revolution is gathering pace.

Sawt Falasteen - Economy (English)