Sawt Falasteen - Economy

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Featured

Tata Trusts plans network of 40 to 50 not-for-profit hospitals

Tata Trusts is working toward a network of 40 to 50 not-for-profit general hospitals where revenue from paying patients would help finance care for those unable to pay.

Bajaj Finance set to report second-quarter results on October 19

Bajaj Finance will announce its second-quarter results on Monday, October 19, with investors watching profit growth, asset quality, margins and management guidance.

Last news

US home sales tick up in January on lower mortgage rates

Existing home sales in the United States crept up in January, according to industry data released Thursday, on slightly higher listings and demand as buyers made the most of cooler mortgage rates.

Tokyo smashes 34-year high as Nvidia reignites stock rally

Global stock markets rallied Thursday, with Tokyo breaking a record high that had stood since 1989, as investors cheered bumper profits from US chip giant Nvidia, seen as the bellwether for artificial intelligence.

Turkey ends tightening cycle, keeps interest rate at 45%

Turkey's central bank maintained its key interest rate at 45 percent on Thursday, marking the end of its monetary tightening cycle after eight consecutive months of hikes.

France complains of Russian 'threats' to military

France's air force pilots have been threatened with attack by Russian forces during patrol missions in international air space, French Defence Minister Sebastien Lecornu said Thursday.

Tokyo stock market breaks long-standing record high

Global stock markets rose Thursday, with Tokyo breaking its record-high that had stood since 1989, as investors cheered bumper profits from US chip giant Nvidia, seen as the bellwether for artificial intelligence.

Financial security, not fine art, helps drive Japan stocks to record high

Before Japan's asset bubble catastrophically burst in the early 1990s, stockbroker Ryuta Otsuka remembers waving a 10,000-yen note to hail a taxi after evenings sipping champagne at high-end Tokyo nightclubs.

'Haunted' ChatGPT cranks out gibberish for hours

ChatGPT spewed nonsensical answers to users' queries for hours Tuesday into Wednesday before eventually returning to its senses.

Norway salmon farms turn to veggie menu

Norway's fish farms are feeding their salmon an increasingly vegetarian diet in order to make their businesses more sustainable, but for these carnivorous pink-fleshed fish, all is not rosy.

Asian markets climb, Tokyo hits record after US tech gains

Asian markets were mostly up on Thursday, with Tokyo's benchmark index posting a record high, after greater-than-expected earnings from tech giant Nvidia.

Japan's Nikkei breaks bubble-era record

Japan's blue-chip Nikkei 225 on Thursday finally broke through a record high set just before the country's asset bubble catastrophically burst in the early 1990s.

Elton John items fetch $8 million at New York auction

Nearly $100,000 for Elton John's monogrammed silver boots and around $2 million for a triptych by street artist Banksy from his collection: the music icon's personal items brought in almost $8 million at auction Wednesday in New York.

TSMC diversifies out of hotspot Taiwan with new Japan plant

Surrounded by fields of carrots and cabbages, workers are putting the finishing touches to a factory opening on Saturday that is a milestone for both US ally Japan and Taiwanese chip giant TSMC.

Asian markets open higher after US tech gains

Asian markets opened mostly up on Thursday, after higher-than-expected earnings from tech giant Nvidia and as investors weigh Fed minutes signalling most US officials are in no rush to cut rates.

In a doughnut in Japan, unlocking the power of the Sun

With its tangle of pipes and pumps leading to a metal pot the size of a five-storey building, Japan's JT-60SA machine looks to the untrained eye like a contraption from 1970s sci-fi.

Qantas says profits down but reputation rebounding

Qantas reported a slide in half-year net profits Thursday but said its reputation had "bounced back" under a new leader after taking a battering since the Covid-19 pandemic.

Nvidia quarterly profit soars on demand for AI chips

Nvidia on Wednesday said its profit soared to $12.3 billion in the recently ended quarter on record high revenue driven by demand for its chips to power artificial intelligence.

Global stocks mixed on Fed rate cut caution ahead of Nvidia results

Wall Street stocks were mixed Wednesday, reversing some earlier declines, as traders nervously awaited earnings from US tech darling Nvidia and digested Federal Reserve minutes that signaled slower interest rate cuts ahead.

Boeing replaces 737 MAX chief after January mid-air scare

Boeing announced Wednesday that the head of its 737 MAX program is departing the aviation giant less than two months after a major safety incident temporarily grounded 171 planes.

US Fed divided on risk of cutting rates too soon: minutes

The US Federal Reserve was divided in January over the risks of cutting interest rates too soon or too late, although most members voiced concern about moving early, according to minutes of the meeting published Wednesday.

Fan protests torpedo billion-euro Bundesliga investor deal

The German Football League (DFL) said Wednesday it was abandoning a billion-euro investment deal after widespread protests by Bundesliga fans, a U-turn hailed by supporters' groups as a "success".

Porn for 'spiritual growth': nuns detail abuse by renowned priest

Two former nuns said Wednesday that a world-renowned artist priest made them take part in threesomes and watch porn so they would "grow spiritually".

Wall Street cautious before Nvidia results, Fed minutes

Wall Street stocks dipped Wednesday as traders nervously awaited earnings from US tech darling Nvidia, in addition to minutes from the Federal Reserve that could shed fresh light on the outlook for interest rates.

Bundesliga investor deal collapses after fan protests

The German Football League (DFL) on Wednesday dropped a huge cash injection deal with investors for a share of Bundesliga media revenues after widespread fan protests, a U-turn hailed by fanclubs as a "success" for supporters.

Two dead, two hurt in Dutch bridge accident

At least two people died on Wednesday and two more were injured when part of a bridge under construction crashed down on workers in the Netherlands, Dutch officials said.

London's iconic BT Tower sold to become hotel

British telecoms giant BT Group announced Tuesday the sale of its famous BT Tower and that the building located in the heart of London will be transformed into a hotel.

Stock markets diverge before Nvidia results, Fed minutes

Stock markets diverged Wednesday as traders nervously awaited earnings from US tech darling Nvidia, in addition to minutes from the Federal Reserve that could shed fresh light on the outlook for interest rates.

Two dead, two hurt, in Dutch bridge collapse: officials

At least two people died and two more were injured when a bridge under construction collapsed in the Netherlands on Wednesday, Dutch officials said.

Germany cuts 2024 growth forecast as economic woes pile up

The German government slashed its growth forecast for 2024 on Wednesday, warning that Europe's largest economy was in "difficult waters" as it faced a series of headwinds.

Food watchdog lodges complaint over Nestle mineral water 'fraud'

Consumer watchdog Foodwatch said it was filing a legal complaint Wednesday against food giant Nestle and another group over them allegedly fraudulently treating water for their top mineral water brands.

HSBC reports 'record profit' of $30.3 bn in 2023

HSBC said Wednesday it achieved "record profit" in 2023 as pre-tax gains soared by nearly 80 percent, with the banking giant also announcing further share buybacks.

China stocks jump after rate cut as markets await US tech earnings

Hong Kong and Shanghai stocks jumped Wednesday after Beijing's latest measures to boost the stuttering economy but declines on Wall Street weighed on other Asian markets.

German economy buffeted by 'perfect storm'

Weaker exports, costly energy and a stuttering green transition have combined to form a "perfect storm" for the German economy, leaving Chancellor Olaf Scholz's coalition bickering over how to change course.

Sawt Falasteen - Economy (English)