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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Slovakia curbs diesel sales, ups prices for foreigners

The Slovak government said Wednesday it would restrict diesel sales for 30 days because of a shortage due to the suspension of supplies by the Druzhba pipeline.

US Fed holds rates unchanged over 'uncertain' Iran war implications

The US Federal Reserve kept interest rates unchanged as expected Wednesday, in defiance of President Donald Trump as the world's largest economy battles stubborn inflation, weak labor demand and an "uncertain" economic outlook due to the war in Iran.

Billionaire Dyson buys 50 percent stake in Bath rugby

British billionaire businessman James Dyson has acquired a 50 percent stake in Bath, the English Prem rugby champions announced Wednesday.

How many cargo ships are passing Hormuz strait?

Just a trickle of cargo ships and tankers has made it through the Strait of Hormuz since Iranian forces blocked the crucial trade route in the Middle East war.

Oil surges as Iran gas facilities hit, stocks slide

Oil prices surged Wednesday following a strike on one of Iran's gas facilities that raised the spectre of a further escalation of attacks on energy infrastructure in the Gulf region.

Chilean GDP beats 2025 forecast despite mining dip

Chile's GDP beat expectations for 2025 thanks to a trade and investment boost which helped offset a weaker mining sector, the country's central bank said Wednesday.

Global music market grows, calls for AI compensation: industry body

The global music industry generated $31.7 billion last year, driven by online streaming, industry body IFPI said Wednesday, as it called on the sector to ensure AI-generated content compensates musicians.

Troubled waters: Thai fishermen marooned by rising fuel costs

With his belongings stuffed into a plastic bag, Thai fisherman Narongsak Kongsuk heads home, far from the sea.

Why convoys cannot fully protect oil tankers from Iran attacks

The Israeli-US war on Iran has provoked a reaction from Tehran that has effectively choked a large chunk of the world's oil supply, and untangling the blockage will take a regional effort beyond what is currently being proposed, experts have told AFP.

Brussels touts 'EU Inc.' company status to lure start-ups

The EU unveiled Wednesday a scheme to make it much easier for innovative start-ups to launch and grow across the 27-nation bloc, as part of a push to help Europe keep up with US and Chinese economic rivals.

Oil wavers, stocks rise as attention turns to US Fed

Stocks markets climbed and oil prices wavered on Wednesday, as traders were reassured by a partial resumption of Iraq's crude exports and turned their focus to upcoming central bank decisions.

China tech giant Tencent bets on AI agents

Tencent wants to bring artificial intelligence agents into its WeChat social media app, the Chinese tech firm's president said on Wednesday, a move that could change how hundreds of millions of users interact with the platform in the Asian nation and beyond.

Deadly strikes across Mideast as Iran vows revenge on slain security chief

Iran vowed revenge as it prepared the funeral for its security chief Ali Larijani on Wednesday, firing off a wave of missiles against Israel while also reporting fresh Israeli-US strikes across the Islamic Republic.

Brussels to unveil 'EU Inc' pan-European company status

Entrepreneurs will be able to create pan-European companies under new plans to be unveiled Wednesday, which the EU executive says will make it less of a headache to do business across the bloc.

Brazil starts to restrict minors' access to social media

Brazil began implementing new measures on Tuesday to restrict minors' access to social media and prevent them from viewing violent or illegal content.

Cuba vows 'unbreakable resistance' as US pressure mounts

Cuba's leader on Tuesday said the US would face "unbreakable resistance" if it tries to take over the impoverished island nation, as communist authorities scrambled to fix a nationwide electricity blackout.

US pounds near key strait as Iran vows to avenge death

The United States said it pounded Iranian missile sites near the key Strait of Hormuz as the Islamic republic fired missiles Wednesday around the region, vowing to avenge the killing of its powerful security chief.

US Fed expected to hold rates steady as Iran war's shockwaves ripple

US Federal Reserve policymakers are expected to leave interest rates unchanged Wednesday, as the US-Israel war on Iran sends shock waves through oil markets and supply chains, while economic data has begun to show weakness.

Affiliate of Pacific Avenue Capital Partners Completes Acquisition of Care.com from IAC

LOS ANGELES, CA / ACCESS Newswire / March 18, 2026 / Pacific Avenue Capital Partners ("Pacific Avenue"), a Los Angeles-headquartered private equity firm focused on corporate carve-outs and other complex transactions in the middle market, today announced that an affiliate of Pacific Avenue has completed the acquisition of Care.com from IAC Inc. (NASDAQ: IAC).

Nvidia says restarting production of China-bound chips

Nvidia chief Jensen Huang on Tuesday said the AI technology powerhouse is restarting production of its high-performance chips for clients in China.

US airlines still see strong demand as jet fuel worries loom

US carriers will face tough challenges in the months ahead if jet fuel prices stay high, but for now consumers are still booking trips in numbers, airline CEOs said Tuesday.

Leftist New York mayor under pressure on Irish unity question

New York's leftist mayor, Zohran Mamdani, was facing pressure Tuesday over his position on Irish unification as he helped lead the city's St. Patrick's Day parade.

Iran vets friendly ships for Hormuz passage: trackers

Iran is selecting ships from friendly countries to pass through the Strait of Hormuz, a crucial trade waterway cut off by the Middle East war, data trackers indicated Tuesday.

Ships in Gulf risk shortages on board, industry warns

Thousands of seafarers face dwindling supplies of fuel and water as they wait on board, stranded by the Middle East war, a key shipping body warned Tuesday as it urged governments to help get maritime traffic flowing again.

US Fed expected to keep rates steady as Iran war impact looms

The US Federal Reserve opened its two-day meeting on Tuesday with policymakers expected to keep interest rates unchanged as they digest weak economic data and gauge the economic effects of the Iran war.

Kerr 'frustrated' at six-figure sum owed to him by Johnson's failed Grand Slam Track

Britain's Josh Kerr is "frustrated" by the six-figure sum owed to him by US athletics great Michael Johnson's failed Grand Slam Track project but still believes those behind it are "good people" who got themselves in a "horrible situation".

Oil prices climb as fresh strikes target infrastructure

Oil prices rose again Tuesday as Iran launched fresh attacks on crude-producing neighbours, while stock markets were higher ahead of key central bank meetings.

Germany targets oil firms to prevent wartime price gouging

Germany said Tuesday its competition watchdog will soon get more powers to target energy firms over concerns they are unfairly hiking petrol prices to profit from the wartime oil shock.

EU to help reopen blocked oil pipeline in Ukraine

EU chief Ursula von der Leyen said Tuesday the bloc will help reopen a damaged pipeline that pumps Russian oil through Ukraine to Hungary -- after Budapest accused Kyiv of stalling on repairs in an escalating row.

Cash handouts, fare hikes as Philippines battles soaring fuel costs

Hundreds of Philippine tricycle drivers lined up Tuesday in Manila for cash handouts they hope will provide temporary relief from a war-driven surge in fuel prices that has left the country scrambling for short-term answers.

Indonesia weighs response to price pressures from Middle East war

Price pressures fuelled by the Middle East war may push Indonesia's government to reconsider its dogged defence of energy subsidies and a costly meals scheme close to the heart of President Prabowo Subianto, analysts say.

In Hollywood, AI's no match for creativity, say top executives

Artificial intelligence is transforming Hollywood at a pace that has sent shockwaves through creative industries, but human creativity will always prevail, a leading executive at the cutting edge of that change told AFP.

Sawt Falasteen - Economy (English)