Sawt Falasteen - Economy

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Featured

Macron hosts Saudi's MBS for visit ranging from esports to Mideast

French President Emmanuel Macron welcomes Saudi crown prince and de facto ruler Mohammed bin Salman on Sunday for a two-day visit set to range from esports to the war in the Middle East.

US, Canada fail to reach trade pact to avert Trump tariffs

Hefty US tariffs on some Canadian products took effect on Saturday after days of negotiations that went down to the wire failed to produce an agreement.

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French police make arrests as farmers close in on key locations

French police arrested some protesting farmers on Wednesday as convoys of tractors edged closer to Paris, Lyon and other strategic locations in France, with many ignoring warnings of police intervention if they cross red lines laid down by ministers.

Kosovo ban on Serbian dinar risks new crisis

Kosovo may be on the verge of a fresh crisis after the government threatened to ban the use of Serbian money this week, with a chorus of Western countries warning it could ignite a firestorm.

H&M shares tumble as CEO steps down

H&M chief executive Helena Helmersson announced Wednesday she was stepping down, sending shares in the fashion retailer tumbling as the Swedish company reported lower-than-expected profits in the fourth quarter.

Santander posts record profit in 2023 after rate hikes

Spanish banking giant Santander posted a record 11.1-billion-euro ($12 billion) net profit for 2023 on Wednesday as higher interest rates and a rise in global clients helped to cushion the impact of a windfall tax.

China overtakes Japan as world's biggest vehicle exporter

China's global dominance in electric cars helped it overtake Japan as the world's biggest vehicle exporter last year, official data confirmed Wednesday.

Asian markets swing as traders eye Fed, US jobs and earnings

Asian equities fluctuated Wednesday after a mixed performance on Wall Street, with traders keenly awaiting what the Federal Reserve has to say after its much-anticipated policy meeting later in the day.

China quietly expanding influence in Taliban-ruled Afghanistan

While most of the world treats Afghanistan's Taliban government as a pariah, China is growing diplomatic and economic links -- and Kabul is happy for the attention.

China overtook Japan as world's top vehicle exporter in 2023

China overtook Japan as the world's biggest vehicle exporter last year, data from the Japan Automobile Manufacturers Association showed Wednesday.

Asian markets swing as traders eye Fed, jobs and earnings

Asian equities struggled again Wednesday after a mixed performance on Wall Street, with traders keenly awaiting what the Federal Reserve has to say after its much-anticipated policy meeting later in the day.

Samsung reports sharp drop in operating profits

Samsung Electronics on Wednesday reported a 34.57 percent drop in operating profits for the fourth quarter of 2023, as the company struggles with weak demand for consumer devices.

US could jail foreign officials under new bribery law

Anticorruption activists around the world have high hopes for a new US law that for the first time allows Washington to prosecute foreign officials who receive bribes.

US Fed rate decision could hold clues on timing of future cuts

The US Federal Reserve is almost certain to hold its key lending rate steady for a fourth consecutive meeting Wednesday, as inflation continues to inch closer towards its long-term target of two percent.

Samsung says Q4 operating profits drop 34.57 percent

Samsung Electronics on Wednesday reported a 34.57 percent drop in operating profits for the fourth quarter of 2023, as the company struggles with weak demand for consumer devices.

US judge voids Elon Musk's $56 billion Tesla compensation

A judge in the US state of Delaware voided the $56 billion compensation package of Tesla chief executive Elon Musk on Tuesday, siding with a shareholder who claimed the entrepreneur was overpaid.

Microsoft, Google ride AI wave as revenues surge

Microsoft and Google delivered solid corporate earnings on Tuesday as the tech giants said demand for artificial intelligence services stoked revenue.

Global stocks mixed as traders track eurozone data, await Fed

Global stocks were mixed Tuesday as Wall Street wavered ahead of fresh interest-rate signals from the US Federal Reserve, and new data showed that the eurozone dodged recession at the end of last year.

Google says AI helped it beat profit expectations

Google parent Alphabet on Tuesday credited artificial intelligence with helping boost profits in the final quarter of last year.

French MPs vote to enshrine abortion right in constitution

France's lower house of parliament overwhelmingly approved Tuesday a measure to inscribe abortion as a "guaranteed freedom" in the constitution, a pledge made by President Emmanuel Macron last year.

US consumer confidence hits highest level since Dec. 2021

US consumer confidence beat expectations in January to reach its highest level since December 2021, with the public more optimistic than at any point since the Federal Reserve began hiking interest rates.

In Antarctica, scientists study extent of microplastics

In remote Antarctica, Colombian marine biologist Paulo Tigreros dips a net into the icy waters in his hunt for microplastics in what should be one of the best-preserved ecosystems in the world.

Who are the Iraqi pro-Iran groups fighting Washington?

After a drone attack killed three American soldiers in Jordan on Sunday near the Syrian and Iraq borders, Washington immediately accused "radical Iran-backed militant groups operating in Syria and Iraq".

US Republicans gamble on immigration as major 2024 election issue

US immigration reform has become the focus of a high-stakes political battle, with President Joe Biden and Donald Trump locking horns over one of the hottest issues of the 2024 election.

Farm uproar spreads in EU as France seeks to quell protests

Protests by angry farmers spread across Europe on Tuesday, as the French government scrambled to placate agriculture workers who have blocked motorways and moved in convoys of tractors towards Paris.

Chile's whirlwind energy transition leaves workers stranded

Vultures soar above the mining town of Tocopilla, where Chile's dizzying transition away from coal-fueled energy has left dozens of workers idle and unsure of their future.

Stocks diverge as investors track Fed meeting, eurozone data

European stocks rose Tuesday after data showed the eurozone dodged recession at the end of last year but Wall Street wavered as investors await fresh interest-rate signals from the Federal Reserve.

General Motors eyes strong 2024 as earnings top estimates

General Motors reported higher quarterly profits Tuesday thanks to continued robust vehicle pricing amid strong North American demand, offsetting the hit from a labor strike.

N. Ireland deal looks to end 2-year political deadlock

Northern Ireland on Tuesday moved a step closer to ending a near two-year political deadlock after the main pro-UK party finally endorsed a deal with London aimed at reopening the region's assembly.

Flatlining eurozone economy narrowly dodges recession

The eurozone economy narrowly avoided a technical recession in the second half of 2023 but stagnated in the final three months of the year, official data showed Tuesday.

European stocks rise as eurozone dodges recession

European stock markets rose on Tuesday, with Paris reaching a record high as official data showed the eurozone avoided recession last year.

Eurozone narrowly dodges recession