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.

Last news

US weighs Google breakup in landmark trial

The US Department of Justice said on Tuesday it would demand that Google make profound changes to how it does business and even consider the possibility of a breakup, after the tech juggernaut was found to be running an illegal monopoly.

Chinese stocks tumble on stimulus upset, Asia tracks Wall St higher

Stocks in mainland China and Hong Kong tumbled Wednesday on another volatile day after Beijing disappointed investors over a lack of fresh stimulus and scant detail on its plans for implementing a raft of measures already unveiled.

7-Eleven owner confirms new takeover offer from Couche-Tard

The Japanese owner of 7-Eleven said on Wednesday it had received a "revised" takeover offer from Canadian rival Alimentation Couche-Tard after rejecting an initial bid worth around $40 billion.

Boeing suspends negotiations with striking workers

Boeing on Tuesday suspended negotiations with its striking workers as it accused the International Association of Machinists and Aerospace Workers (IAM) of making unreasonable demands and withdrew its offer.

7-Eleven owner's shares spike on report of new buyout offer

Shares in the Japanese owner of 7-Eleven surged Wednesday following reports that Canada's Alimentation Couche-Tard (ACT) had hiked its takeover offer by almost 20 percent.

Your 'local everything': what 7-Eleven buyout battle means for Japan

In Japan more is at stake than money in the mammoth takeover battle for 7-Eleven, the world's biggest convenience chain, by Canadian retail giant Alimentation Couche-Tard.

The US economy is solid: Why are voters gloomy?

Cooling inflation, low unemployment, robust economic growth and... downbeat voters.

Trump secretly sent Covid tests to Putin: Bob Woodward book

Then-president Donald Trump secretly sent Covid test kits to Vladimir Putin despite a US shortage during the pandemic, and spoke multiple times with the Russian leader after leaving office, says an explosive new book by Bob Woodward.

Boeing delivers 27 MAX jets in September despite strike

Boeing delivered 33 new aircraft to customers in September in spite of a labor strike of Seattle-area workers that has shuttered two major assembly plants, the company said Tuesday.

Stock markets diverge as Hong Kong sinks, oil prices fall

Oil prices fell and global stock markets diverged on Tuesday, with Hong Kong suffering its worst day in 16 years as China held off announcing fresh measures to boost its economy.

US trade gap narrowest in five months as imports slip

An uptick in exports and a fall in imports brought the August US trade deficit to its narrowest in five months, according to government data released Tuesday.

Geoffrey Hinton, soft-spoken godfather of AI

For a brief moment in spring last year, the bird-like features of bespectacled British-born researcher Geoffrey Hinton were poking out from TV screens across the world.

German 'Maddie' suspect could be free in 2025 after cleared of separate sex crimes

A German man named as the top suspect in the 2007 disappearance of British toddler Madeleine McCann was Tuesday cleared of all charges in an unrelated sex crimes trial, meaning he is set for release from prison next year.

China slaps provisional tariffs on EU brandy imports

China said on Tuesday it would impose provisional tariffs on brandy imported from the European Union, marking the latest salvo in an escalating trade row between Beijing and Brussels.

German 'Maddie' suspect could be free soon after cleared of separate sex crimes

The German convicted rapist and main suspect in the 2007 disappearance of British toddler Madeleine McCann was on Tuesday cleared of all charges in an unrelated sex crimes trial.

China says to take anti-dumping measures against EU brandy imports

China said on Tuesday it would impose anti-dumping measures on brandy imported from the European Union, marking the latest salvo in an escalating trade row between Beijing and Brussels.

China stocks rally fizzles on stimulus worries amid Asia retreat

Mainland Chinese markets rallied Tuesday but were well off their morning highs, while Hong Kong suffered its worst day in 16 years on disappointment at a lack of detail on Beijing's raft of economic stimulus announced last month.

China stocks rally peters out on stimulus worries amid Asia retreat

Mainland Chinese markets rallied Tuesday but were well off their morning highs, while Hong Kong tumbled as traders were left disappointed by a lack of detail on Beijing's raft of economic stimulus announced last month.

Taiwan's Foxconn says building world's largest 'superchip' plant

Taiwanese tech giant Foxconn said on Tuesday it is building the world's largest production plant for US hardware leader Nvidia's GB200 "superchips" that power artificial intelligence servers.

China holds off on fresh stimulus but 'confident' will hit growth target

China said on Tuesday it was "fully confident" of hitting its growth target this year but held off announcing more stimulus measures, leaving markets disappointed.

German suspect in 'Maddie' case faces verdict in sex crimes trial

The German convicted rapist and main suspect in the 2007 disappearance of British toddler Madeleine McCann on Tuesday faces a verdict on five other sex crime charges following a trial.

Top economic official 'confident' China will hit 2024 growth target

China's top economic planner said Tuesday that authorities were "fully confident" the country would hit its economic growth targets for the year, after last month announcing a series of stimulus measures that sent stock markets soaring.

Shanghai stocks soar to extend stimulus rally amid Asia-wide drop

Mainland Chinese stocks roared ahead Tuesday as traders returned from a week-long break to resume a blistering rally fuelled by a raft of measures aimed at reigniting the world's number two economy.

Will Tesla's robotaxi reveal live up to hype?

After years of talking up Tesla's prowess on autonomous driving, Elon Musk is set to host Thursday a much-hyped robotaxi event amid a mix of anticipation and skepticism.

Oil prices extend gains on Mideast tensions, Wall Street falls

Oil rose above $80 a barrel Monday on Middle East tensions while equities slid in New York as political and interest rate concerns dented the recent rally.

Oil prices extend gains on Mideast tensions, Wall Street slips

Oil rose above $80 Monday on Middle East tensions while equities slid in New York as political and interest rate concerns dented the recent rally.

Europe's asteroid mission Hera launches despite hurricane

Europe's Hera probe launched Monday on a mission to inspect the damage done by a NASA spacecraft when it smashed into an asteroid during the first test of Earth's planetary defences.

Oil prices extend gains on Mideast tensions, Wall Street retreats

Oil markets rose further Monday as tensions escalated in the Middle East one year after the deadly Hamas attacks on Israel, while stock markets diverged.

China to flesh out economic stimulus plans after bumper rally

Top Chinese economic policymakers are expected to flesh out a raft of growth-boosting policies on Tuesday, after the announcement of long-awaited stimulus measures last month sparked a blistering stock market rally.

Milton 'erratically' approaches Florida, likely to become major hurricane

Hurricane Milton was moving "erratically" through the Gulf of Mexico toward Florida on Monday, the US National Hurricane Center said, warning it will likely soon become a major hurricane.

Asian markets track Wall St rally on US jobs data

Asian markets rose Monday after a blockbuster US jobs report soothed any concerns about the world's top economy, while the dollar held gains with traders scaling back bets on another bumper interest rate cut.

Sawt Falasteen - Economy (English)