Sawt Falasteen - Economy

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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.

Last news

Wall Street stocks retreat from records on US inflation data

Shares slipped in New York and Europe Thursday as the latest US inflation report dented the odds of rapid interest rate cuts, while crude prices jumped on worries over the Middle East.

Israel strikes central Beirut, killing 22

An Israeli air strike killed at least 22 people in central Beirut on Thursday as Israeli ground troops in Lebanon were accused of firing on the UN's peacekeeping headquarters, injuring two Blue Helmets.

Delta eyes Election Day travel pullback as profits climb

Delta Air Lines reported higher profits Thursday despite a drag from a big information technology outage and said an anticipated November pullback in travel should lift after US elections.

Over 200 women in legal talks with Harrods over Fayed abuse claims

More than 200 women are now in settlement talks with Harrods over alleged abuse by its former owner Mohamed Al Fayed, the upmarket London department store said Thursday.

Musk finally unveiling his long-promised robotaxi

Elon Musk has been promising a car that can drive itself for years, pledging a series of reveals that never materialized. On Thursday he's finally going to show the world Tesla's robotaxi.

London's Frieze art fair goes potty for ceramics

London's Frieze art fair, which opened Thursday, for the first time devotes a special section to ceramics, largely featuring Latin American artists.

US, Europe stocks fall on US inflation data

Shares slipped in New York and Europe Thursday as the latest US inflation report strengthened the case for a slower pace of interest rate cuts.

US consumer inflation eases to 2.4% in September

US consumer inflation cooled slightly less than expected last month, according to government data published Thursday, providing further evidence that price pressures are easing ahead of November's presidential election.

Ikea posts fall in annual sales after lowering prices

Ikea reported Thursday that its annual sales fell in value after the world's biggest furniture retailer lowered prices to revive traffic at its online and brick-and-mortar stores.

Stock markets diverge, oil gains after China rebounds

Chinese stock markets returned to winning ways Thursday, closing with solid gains after China's central bank took action to boost purchases of company shares.

South Korean same-sex couples make push for marriage equality

Eleven gay and lesbian couples will attempt to register their marriages in South Korea on Friday, expecting to launch a legal process they hope will get the country to recognise marriage equality.

7-Eleven owner restructures to fight takeover

The owner of 7-Eleven announced a major restructuring on Thursday as it seeks to boost its share price and fend off what would be the biggest foreign takeover of a Japanese firm.

Sri Lanka recovering faster than expected: World Bank

Cash-strapped Sri Lanka's economy was recovering faster than expected, the World Bank said Thursday, doubling the island's growth forecast to 4.4 percent for 2024.

Hong Kong, Shanghai rally as most markets track Wall St record

Chinese markets got back into winning ways Thursday after China's central bank unveiled a facility to boost liquidity for firms to buy stocks, while most other markets tracked another record day on Wall Street.

Uniqlo owner reports record annual earnings

Uniqlo's parent company Fast Retailing on Thursday announced "a record high performance in fiscal 2024" with domestic profits in Japan boosted by hot summer weather and a tourism boom.

Hong Kong, Shanghai rally as markets track Wall St record

Chinese markets get back into winning ways Thursday after China's central bank unveiled a facility to boost liquidity for firms to buy stocks, while most other markets tracked another record day on Wall Street.

Indonesia biomass drive threatens key forests: report

Indonesia's push to add wood-burning to its energy mix and exports is driving deforestation, including in key habitats for endangered species such as orangutans, a report said Thursday.

Mumbai mourns Indian industrialist Ratan Tata

Crowds of mourners gathered in India's financial capital Mumbai on Thursday for the funeral of industrialist Ratan Tata, hailed as a "titan" who led one of the country's biggest conglomerates.

China opens $71 bn 'swap facility' to boost markets

China's central bank boosted support for markets Thursday by opening up tens of billions of dollars in liquidity for firms to buy stocks as part of a raft of measures by Beijing to kickstart the country's flagging economy.

Asian markets track Wall St record as Hong Kong, Shanghai stabilise

Asian markets tracked a record day on Wall Street Thursday, with Shanghai and Hong Kong supported by a Chinese central bank move to boost liquidity for major stock-buyers.

'Denying my potential': women at Japan's top university call out gender imbalance

Chika Ezure faced gender bias from her own family when deciding to do a master's degree at Japan's top-ranked university. After arriving on campus, she realised the resistance she faced as a woman was commonplace.

China's central bank says opens up $70.6 bn in liquidity to boost market

China's central bank boosted support for markets on Thursday as it launched a "swap facility" offering firms access to $70.6 billion in liquidity as Beijing seeks to raise confidence in the country's flagging economy.

Youth facing unprecedented wave of violence, UN envoy warns

Young people are facing an unprecedented wave of violence and sexual abuse driven by war, climate change, hunger, and displacement, the UN's special representative on violence against children has warned.

'A casino in every kitchen': Brazil's online gambling craze

Fernanda, a cleaner from Rio de Janeiro, lists off the items she sold to feed her online gambling addiction, one of millions of Brazilians caught in a betting craze that has swept the nation.

Discord seen as online home for renegades

Known for its appeal to online renegades, chat platform Discord finds itself in the crosshairs of Turkey and Russia.

Ratan Tata: Indian mogul who built a global powerhouse

Industrialist Ratan Tata, who has died aged 86, was credited with transforming India's Tata Group into a globally renowned conglomerate with a portfolio ranging from software to sports cars.

Indian business titan Ratan Tata dead at 86

Indian industrialist Ratan Tata, who is credited with transforming the Tata Group into a globally renowned conglomerate, has died at age 86, the company said late Wednesday.

Fed minutes highlight divisions over rate cut decision

The US Federal Reserve's rate-setting committee was divided during interest rate deliberations last month, although most members ultimately voted for a half percentage-point cut, according to minutes of the meeting published Wednesday.

Global stocks diverge as Chinese shares tumble

Wall Street shares steadied Wednesday as investors awaited new signals on interest rates but Chinese stocks tumbled on continued disappointment over a lack of fresh stimulus in the world's second biggest economy.

Creator's death no bar to new 'Dragon Ball' products

Fans of the "Dragon Ball" franchise are set to see a host of product launches in the coming weeks, including a new video game and animated series, despite the series creator having died this year.

Chinese stocks tumble on lack of fresh stimulus

Chinese stocks tumbled Wednesday on continued disappointment over a lack of fresh Chinese stimulus measures and scant detail on measures already unveiled.

Braving war: Lebanon's 'badass' airline defies odds

After narrowly escaping Israeli air strikes, Lebanese mother Tanaz Agha shared a picture taken from her plane window as she flew out of Beirut.

Sawt Falasteen - Economy (English)