Sawt Falasteen - Economy

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US stocks rally, oil prices fall as Trump calls off fresh Iran strikes

Wall Street stocks rallied and oil prices tumbled Thursday after President Donald Trump pulled back from renewed US strikes on Iran while European equities edged higher after the ECB raised interest rates.

Stocks rebound, oil wobbles as traders weigh Iran, rates outlook

European and US stocks rose Thursday while oil prices wavered following the latest flare-up in the Middle East war, with investors also assessing the outlook for US and European interest rates as inflation rises.

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Iran defies Trump Hormuz ultimatum with naval mine threat

Iran threatened Monday to deploy naval mines in the Gulf and target power plants across the region as it defied US President Donald Trump's ultimatum for the Islamic republic to reopen the Strait of Hormuz.

Runway collision kills two pilots, shutters New York airport

A plane carrying dozens of people collided with a fire truck on a runway at New York's LaGuardia airport, killing the pilot and co-pilot and causing "serious injuries" to others, authorities said Monday.

Stocks tumble, oil jumps on Trump's Iran ultimatum

Stocks tumbled Monday and oil prices jumped after Donald Trump and Iranian leaders traded threats over the key Strait of Hormuz, while Israel said the Middle East war could last several more weeks.

Mideast war threatens energy crisis worse than 1970s oil shocks

The world faces an energy crisis worse than both 1970s oil shocks combined if the Middle East war drags on, the head of the International Energy Agency warned Monday, as Israel launched fresh strikes on Tehran and threatened weeks more fighting.

Plane, fire truck collide on runway at New York's LaGuardia Airport

A plane carrying dozens of people collided with a fire truck late Sunday on a runway at New York's LaGuardia airport, forcing a halt to flights at the transport hub, authorities said.

Global economy under 'major threat' from Strait of Hormuz crisis: IEA chief

The global economy is under "major threat" from the energy crisis caused by the Middle East war and "no country will be immune" to its effects, International Energy Agency chief Fatih Birol said Monday.

Israel launches new strikes on Tehran as Iran takes aim at Gulf sites

Israel launched a fresh wave of strikes on Monday at Iran, which threatened retaliation against vital infrastructure across the Middle East in a war that has plunged the world into its worst energy crisis in decades.

Cuba restores power grid after latest blackout

Cuba's power grid was restored Sunday, officials said, a day after the second nationwide blackout in a week as the crisis-hit island struggles under a US oil blockade.

Trump orders immigration agents to airports amid crippling budget standoff

Immigration agents will be deployed in US airports beginning Monday, aiming to alleviate soaring congestion at security screenings amid a weeks-long budget standoff over President Donald Trump's mass deportation drive, officials said.

Cuba starts to restore power after new blackout

Cuban authorities started to gradually restore power to the island Sunday after the second nationwide blackout in a week, as the grid struggles due to an aging infrastructure and a US oil blockade.

'Project Hail Mary' rockets to top of N. America box office

Amazon MGM's sci-fi adventure flick "Project Hail Mary" debuted at the top of the North American box office this week with an astronomical $80.5 million, industry estimates showed Sunday.

Russia resumes use of space launch site damaged in accident

Russia has launched a rocket from Site 31 of the Baikonur Cosmodrome for the first time since it was damaged during a lift-off last November, video from Russia's Roscosmos space agency showed Sunday.

Cuba scrambles to restore power after new blackout

Cuban authorities scrambled Sunday to restore power to the island after the second nationwide blackout in less than a week, as the grid struggles due to an aging infrastructure and a US oil blockade.

Iran threatens Middle East infrastructure after Trump ultimatum

Iran threatened on Sunday to attack key infrastructure across the Middle East if US President Donald Trump follows through on his vow to "obliterate" the Islamic republic's power plants unless the Strait of Hormuz swiftly reopens.

China's premier vows to expand global 'trade pie': state media

China's number two leader Li Qiang said Sunday that his country was willing to help expand the global "trade pie" by further opening up, state media reported, while he slammed unilateralism from certain countries.

Cuba hit by second nationwide blackout in a week

Cuba plunged into darkness for the second time in less than a week on Saturday after its national power network failed again, strained by aging infrastructure and a US oil blockade.

US-China 'Board of Trade' may help ties but experts flag market worries

As Washington and Beijing mull a new mechanism to adjust trade between the world's two largest economies, some analysts warn that it could interfere with market forces, while others consider it a path to smoother coexistence.

Iran missiles hit southern Israel, injuring more than 100

Two Iranian missiles struck southern Israel on Saturday, injuring more than 100 people in the most destructive attack of the three-week war, with Prime Minister Benjamin Netanyahu vowing to retaliate "on all fronts".

Iran missile hits Israeli town home to nuclear site after Natanz strike

An Iranian missile on Saturday hit the Israeli town of Dimona, home to a nuclear facility, in what the Islamic republic said was retaliation for strikes on its own nuclear site at Natanz.

Iranians mark Eid as Tehran reports strike on nuclear plant

Thousands of Iranians held Eid al-Fitr prayers on Saturday to mark the end of the Ramadan fast, as Tehran reported a strike on its nuclear enrichment plant and Israel threatened intensified bombardment.

Kenya, Uganda open rail extension burdened by Chinese debt

The presidents of Kenya and Uganda met near their shared border Saturday to mark the multi-billion-dollar, long-delayed extension of a Chinese-built railway that has left Kenya heavily in debt.

Tickets to toothbrushes: BTS's money-making machine

The return of the world's biggest boy band BTS after their almost four-year hiatus looks set to be a major money-spinner -- potentially beating Taylor Swift.

After Cuba beckons, Miami entrepreneurs are mostly reluctant to invest in the island

Havana announced this week that it would allow Cuban emigrants to invest to address the communist island's severe economic and energy crises. But in Miami, the epicenter of the diaspora, entrepreneurs are generally reluctant.

Taiwan's Lin to compete in first international event since Paris gender row

Taiwanese Olympic boxing champion Lin Yu-ting has been cleared to compete in the female category at World Boxing events, Taiwan's boxing association said Saturday, hailing the news as a "tremendous relief".

Trump says considering 'winding down' Iran war but rules out ceasefire

President Donald Trump said Friday that the United States was considering "winding down" military operations against Iran but was not seeking a ceasefire with the Islamic republic.

French jihadist jailed for life for Islamic State crimes against Yazidis

A French jihadist was sentenced to life in jail on Friday for involvement in Islamic State group atrocities against Iraq's Yazidi minority, the first case in France to tackle the issue.

Liverpool condemn 'cowardly' racist abuse of Konate

Liverpool on Friday condemned racist abuse directed towards defender Ibrahima Konate as "dehumanising, cowardly and rooted in hate".

Far from war, global fuel frustrations mount

Far from the Middle East war, fallout from oil disruptions is reverberating across the world, unsettling lives from Lagos to Manila as people adjust to fuel price hikes and gas shortages.

German auto exports to China plunged a third in 2025: study

German auto industry exports to China plunged by a third last year as the country's manufacturers face fierce local competition, a study showed Friday, underscoring the sector's deepening crisis.

Ship crews ration food in Iran blockade: seafarers

Seafarers stuck in the Gulf say they are rationing food and water and anxiously hoping supplies will get through Iran's blockade in the war that has stranded them for three weeks.

Kuwait refinery hit as Iran marks New Year under shadow of war

Firefighters battled another blaze at a Kuwait oil refinery on Friday after a fresh drone attack from Iran where millions were marking the country's New Year with muted celebrations under the shadow of war.

'War has aged us': Lebanon's kids aren't alright

Forced by yet another war in Lebanon to flee his home for the second time in just two years, and mourning lost relatives and friends, Hassan Kiki said he feels much older than 16.

Sawt Falasteen - Economy (English)