Sawt Falasteen - Economy

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Featured

Wall Street grills Bank of America over money laundering fine

Shares of Bank of America tumbled Wednesday as the lender faced pointed questions from Wall Street analysts over a $1.2 billion regulatory settlement that led to a big earnings miss.

Ukraine war reaches shores of Bulgarian fishing village

After a series of drone attacks on ships off the coast, the conflict in Ukraine has taken on a new immediacy for residents of Krapets, a tiny Bulgarian Black Sea fishing village.

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Israeli minister criticises Macron over France defence show ban

Israeli delegations taking part in the major defence show Euronaval in France next month will not be permitted to set up a stand or exhibit hardware following a decision by the French government, organisers said Wednesday, prompting outrage from Israel.

Global stock markets diverge as markets focus on earmings

Wall Street shares steadied Wednesday after a tech selloff the previous day over concerns about the red-hot semiconductor industry as third-quarter earnings reports continue to roll in.

Amazon bets on nuclear power to fuel AI ambitions

Amazon announced significant investments in nuclear energy on Wednesday, joining other tech giants in aiming to meet the high electric power demands of cloud computing and artificial intelligence using atomic energy.

Global stock markets diverge as tech fears linger

Wall Street shares steadied Wednesday after a tech selloff the previous day over concerns about the red-hot semiconductor industry.

Lufthansa fined 'record' $4 mn for barring Jewish passengers

US authorities have hit Lufthansa with a record $4 million penalty after finding the airline discriminated against more than 100 Jewish travelers by blocking them from boarding a flight in 2022, officials said Tuesday.

Global stock markets fall as tech fears weigh

Major Asian and European stock markets mostly fell Wednesday after concerns about the red-hot semiconductor industry fuelled a tech sell-off.

Markets struggle after Wall Street losses as tech fears weigh

Markets mostly fell on Wednesday after a tech-led sell-off on Wall Street fuelled by worries about the sustainability of the AI rally, while oil prices clawed back some of the previous two days' hefty losses.

UK inflation hits three-year low, fuelling rate-cut hopes

Britain's annual inflation rate fell to a three-year low in September, official data showed Wednesday, fuelling speculation that the Bank of England will resume cutting interest rates next month.

Markets mixed after Wall Street losses as tech fears weigh

Markets were mixed on Wednesday after a tech-led sell-off on Wall Street fuelled by worries about the sustainability of the AI rally, while oil prices clawed back some of the previous two days' hefty losses.

China set to post slowest quarterly growth this year: analysts

China's economy likely expanded at its slowest pace this year, according to an AFP survey ahead of data Friday, as authorities struggle to reignite consumption amid a chronic debt crisis in the property sector.

Fake AI history photos cloud the past

A wave of touching photos showing great moments in time is fascinating amateur historians online. The problem? They are not real -- and may be clouding our view of the past.

South Korea's Han sells one million books after Nobel win

More than a million copies of books by Han Kang, the first South Korean to win the Nobel Prize for Literature, have sold locally since the honour was announced, bookstores said Wednesday.

Asian markets track Wall Street losses on worries over tech rally

Asian markets mostly fell on Wednesday after a tech-led sell-off on Wall Street fuelled by worries about the sustainability of the AI rally, while oil prices clawed back some of the previous two days' hefty losses.

Record number of women run for Japan general election

A record number of women are running in Japan's general election this month, although they still account for less than a quarter of candidates, local media said Wednesday.

Portrait by humanoid robot to sell at auction in art world first

The robot artist Ai-Da, a humanoid powered by artificial intelligence, will be the first of its kind to have a painting sold at a major auction house, organisers said Wednesday.

United announces $1.5 bn share buyback as earnings top estimates

United Airlines announced a $1.5 billion share buyback on Tuesday as its earnings for the third quarter topped analyst estimates.

Oil prices fall on reports Israel will not strike Iran supply facilities

Oil prices tumbled Tuesday on reports that Israeli Prime Minister Benjamin Netanyahu told US President Joe Biden he would not strike Iran's crude or nuclear facilities.

US holiday spending to approach $1 tn: Retail Federation

US consumers are expected to spend close to $1 trillion during the winter holiday season, a slight uptick from the year prior, the National Retail Federation (NRF) said Tuesday.

Turkish govt delays tax plan to fund defence industry

The Turkish government on Tuesday postponed until 2025 a parliamentary debate on a proposed tax on credit cards, which it sought to fund the arms industry as conflict rages in its neighbourhood.

Russia, China step up cybercriminal recruitment, warns Microsoft

Russia, China and North Korea are becoming more aggressive and sophisticated in their recruitment of cybercriminals to steal money, gain intelligence and sway elections, Microsoft said in a threat report released Tuesday.

Boeing to raise up to $25 bn as strike weighs on finances

US aircraft manufacturer Boeing unveiled measures meant to replenish its cash flow Tuesday, including an intention to raise up to $25 billion, as it navigates recurrent production problems and a major US strike.

Oil prices fall on easing Middle East fears

Oil prices tumbled Tuesday on reports that Israeli Prime Minister Benjamin Netanyahu told US President Joe Biden he would not strike Iran's crude or nuclear facilities.

Boeing announces intention to raise up to $25 bn

US aircraft manufacturer Boeing on Tuesday unveiled measures meant to replenish its cash flow, including its intention to raise up to $25 billion, as it navigates recurrent production problems and a major US strike.

Ferguson to leave Man Utd ambassador role as club cuts costs

Alex Ferguson is leaving his reported £2 million-a-year ($2.6m) ambassador role with Manchester United at the end of the season as part of a cost-cutting exercise.

Oil prices tumble on easing Middle East fears

Oil prices tumbled more than five percent Tuesday after a report said Israeli Prime Minister Benjamin Netanyahu told US President Joe Biden he would not strike Iran's crude or nuclear facilities.

Oil prices hit by easing Middle East fears, most Asian markets rise

Oil prices tumbled Tuesday after a report said Israeli Prime Minister Benjamin Netanyahu had told US President Joe Biden he would not strike Iran's crude or nuclear facilities in retaliation for a missile attack earlier this month.

Hopes pinned on peace across Taiwan Strait after drills

People on both sides of the fraught Taiwan Strait pinned their hopes this week on peace, after Beijing launched military drills around the self-ruled island.

Belgian pathologist and literary star gives 'voice to the dead'

Forensic pathologist Philippe Boxho likes to ask people "why shouldn't we laugh about death?". But gallows humour is just one of the ingredients that the surprise literary sensation brings to his macabre line of storytelling.

Oil prices drop on easing fears over Middle East, most markets rise

Oil prices extended losses Tuesday after a report said Israeli Prime Minister Benjamin Netanyahu had told US President Joe Biden he would not strike Iran's crude or nuclear facilities in retaliation for a missile attack earlier this month.

Wall Street stocks hit fresh records as oil prices slide

Global markets shrugged off Monday's weak data from China, with some major indices hitting fresh records as traders looked ahead to corporate earnings later this week.

Strike-hit Boeing leaves experts puzzled by strategy

A historic round of cost-cutting measures at Boeing has left experts perplexed and wondering whether the aviation giant, plagued by a month-long strike, is sacrificing its future.

EVs seek to regain sales momentum at Paris Motor Show

European and Chinese automakers faced off at the Paris Motor Show on Monday as they seek to make electric vehicles affordable for the broader public as the sector faces stalling sales in many countries.

Sawt Falasteen - Economy (English)