Sawt Falasteen - Economy

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Featured

US stocks end higher as AI shares stabilize

Wall Street stocks bounced back from a shaky start after disappointing inflation data on Thursday, while pressure on artificial intelligence shares moderated somewhat following a battering of Asian tech shares.

UniCredit says receives ECB green light for Commerzbank takeover

The European Central Bank has authorized the takeover of Germany's Commerzbank AG by UniCredit, the Italian bank said Thursday, calling it an "important milestone" that underscored confidence in its bid.

Last news

Turkey's top Kurdish football club resists hatred

The slurs shouted by the ultras of a football club in northwest Turkey at their Kurdish rivals is just one way that the decades-old feud opposing Turks and Kurds plays out in the sport.

Tickets for Oasis reunion tour to go on general sale

Tickets for next year's Oasis reunion tour are set to sell out within minutes of going on sale early Saturday, as fans vie to see the British legends live for the first time since 2009.

Right-wing activist leads charge against US equality push

Ordinary Americans have "had enough" of inclusivity and diversity policies at US companies, according to Robby Starbuck, who has led a one-man campaign against the controversial initiatives.

In North Carolina, Democrats counting on young voters

For several months, Yampiere Lugo has been going door to door, urging young people in North Carolina to vote in November.

India growth slows to 6.7% on lower consumer spending

India's economic growth slowed to 6.7 percent on-year in the April-June quarter, official data showed Friday, as lower government outlays and lacklustre consumer spending weighed on the world's fifth-largest economy.

Nigeria's Lagos turns to waterways for green transport solution

Nigerian saleswoman Ivy Junaid says her daily half-an-hour commute from mainland Lagos to the city's island business district has changed her life.

Eurozone inflation falls to three-year low in August

Eurozone inflation fell to its lowest level in more than three years this month thanks to falling energy costs, official data showed on Friday, raising expectations of a European Central Bank interest-rate cut.

Markets rally on US data after Dow hits record on Wall St

Asian and European markets rose Friday after a record day on Wall Street, boosted by a strong round of US data that reassured investors over the health of the world's top economy, while focus turns to the release of key inflation figures.

Far-left rebel seeking peace with Putin rocks German politics

A radical far-left politician who wants to make peace with Russia's Vladimir Putin looks set to play a key role in regional elections in the former East Germany on Sunday.

Apple in talks to invest in OpenAI: report

iPhone juggernaut Apple is in talks to invest in OpenAI, the creator of ChatGPT and the biggest name in generative artificial intelligence, a news report said Thursday.

CHiPs: French fries spill shuts California highway

A crash that left boxes of french fries scattered across the road shuttered a major California highway on Thursday.

US, European stocks shrug off Nvidia slump to rise on rate hopes

US and European stock markets rose Thursday as investors shrugged off a drop in shares of chip giant Nvidia and turned their attention back to expectations of lower interest rates.

Paraguay's abundant hydropower draws crypto miners, legal and not

In the Paraguayan city of Hernandarias, a data center with row upon row of supercomputers stands as a testament to a burgeoning crypto mining sector fueled by the South American country's abundance of green electricity.

Why Telegram chief's arrest raises 'red flags' for tech bosses

Now that France has charged Telegram's founder with failing to stop illegal activity on his platform, other tech bosses may have reason to weigh the wisdom of jetting into Europe themselves.

US, European stocks rise, shrug off Nvidia share drop

US and European stock markets advanced on Thursday, with Frankfurt hitting a new record, as investors shrugged off a drop in shares of chip giant Nvidia and turned their attention back to interest rates.

Stop using our songs, ABBA tells Trump

The record label for iconic Swedish pop group ABBA said Thursday it has demanded that US presidential hopeful Donald Trump stop playing its music at his campaign rallies.

European, Asian stocks diverge after Nvidia earnings results

Asian stock markets wavered but Europe advanced on Thursday, with Frankfurt hitting a new record, as investors digested earnings results by US chip titan Nvidia.

Chinese tech giant Huawei posts 34.3% rise in first-half sales

Chinese tech giant Huawei said Thursday that sales surged in the first half of the year, even as it struggles under the weight of sanctions that have deprived it of technology from the United States.

Floods submerge Vietnam's dragon fruit farms

Floods submerged hundreds of hectares of dragon fruit farms in south Vietnam, residents told AFP on Thursday, with many villagers forced to seek shelter on higher ground.

Tech weighs on Asian markets after Nvidia results

A sell-off in tech firms dragged Asian markets down Thursday after investors were left disappointed by earnings from chip titan Nvidia that stoked concerns about the outlook for all things artificial intelligence.

Tech weighs down Asian markets after Nvidia results

Harris election bid galvanizes Black students at her alma mater

At Howard University, the historically Black college that educated Kamala Harris four decades ago, students are dreaming about how her victory in the US presidential election could elevate the institution -- and their own ambitions.

Pessimism dogs eastern Germany despite economic gains

With its shiny new housing estates, scores of building sites and bustling city centre, Jena represents the fresh face of the former East Germany.

Profits decline as Qantas looks to win back angry customers

Australian airline Qantas reported on Thursday a slide in net profit as post-Covid fares dropped, and said it was working to rebuild its reputation after a string of public scandals.

Qantas profits descend as fares fall after Covid

Australian airline Qantas on Thursday reported a slide in net profit as post-Covid fares dropped, but said it was working to rebuild its reputation after a string of public scandals.

Spain signs accords with Mauritania, Gambia to curb illegal migration

Spain has signed agreements with Mauritania and The Gambia to strengthen cooperation to combat people smuggling and promote legal migration, as Spanish Prime Minister Pedro Sanchez visits West Africa in the face of surging migrant arrivals.

Global stocks diverge ahead of Nvidia earnings results

US shares fell and European stock markets mostly closed higher Wednesday as investors cautiously waited to see if the latest earnings results from US chip giant Nvidia could justify the high valuations of tech stocks.

Flights resume after outage paralyses Dutch airport, services

The first flights left Eindhoven airport in the Netherlands late Wednesday after a computer outage grounded planes for hours and hit government services, with authorities saying it was pinning the cause.

Buffett's Berkshire Hathaway hits $1 tn market value

Warren Buffett's Berkshire Hathaway holding company briefly crossed $1 trillion in market value Wednesday, making it the first non-tech firm on Wall Street to cross the milestone.

Stocks diverge as traders eye Nvidia earnings

US shares fell marginally and European stock markets mostly inched higher Wednesday as investors cautiously awaited the latest earnings results from US chip giant Nvidia, a bellwether for the tech sector.

Serbia leader plans to seal French fighter jet deal with Macron

President Aleksandar Vucic told AFP on Wednesday that Serbia expects to sign a "huge" deal for French fighter jets during a visit this week from France's leader, an agreement estimated to be worth billions of dollars.

Chinese EV giant BYD posts 24.4% rise in profit

Leading Chinese automaker BYD posted on Wednesday a 24.4 percent rise in net profit for the first half of 2024, boosted by continuing strong demand for electric cars in its home and overseas markets.

Sawt Falasteen - Economy (English)