Sawt Falasteen - Economy

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Featured

Trump confirms national intelligence chief as new AI czar

US President Donald Trump on Sunday confirmed national intelligence chief Jay Clayton as head of a new White House task force on artificial intelligence, amid increasingly vocal warnings from researchers about the technology's potential dangers.

Pro-Europe Latvian PM wins poll dominated by Russia, social worries

Prime Minister Andris Kulbergs' centre-right party emerged as the victor on Sunday from Latvia's parliamentary election, and he will now set about forming a coalition to maintain his pro-European and pro-Ukrainian course.

Last news

German leader not opposed to Chinese taking over car plants

Chancellor Friedrich Merz signalled Wednesday he was not opposed to Chinese carmakers taking over struggling German auto plants but cautioned it could not be a long-term solution for the industry's problems.

Trump tells immigration agents to keep traffic stops despite killings

US President Donald Trump lashed out Wednesday at a decision by Immigration and Customs Enforcement (ICE) to suspend the use of traffic stops after two fatal shootings in less than a week.

US reports 'wave of strikes' on Iran as war returns

The United States launched a wave of strikes against Iran on Wednesday, after it reimposed a naval blockade in a return to war between the two foes.

Germany's BASF lifts forecasts but Mideast war casts shadow

German chemical giant BASF raised its earnings forecast for the year Wednesday after hiking prices for some products following the outbreak of the Iran war, but warned of heightened uncertainty.

Iran reports fresh US strikes in return to war

Iran reported fresh US strikes Wednesday on a port city that is home to the country's only civilian nuclear plant, as Washington reimposed a naval blockade in a return to war between the foes.

Generative AI's power sparks fears of dumbing humans down

Generative AI chatbots capable of writing emails and computer code, translating, organising a trip or coming up with gift ideas are now readily available, prompting some to ask whether human brainpower could suffer for lack of use.

Cuba slowly gets power back after latest blackout

Cubans were gradually getting power back on Wednesday, after the third nationwide power outage in less than 10 days, the national electricity company said.

Aussie Rules removes Indigenous figure from Hall of Fame

Australian Rules football chiefs removed Indigenous ex-player Nicky Winmar from the game's hall of fame on Wednesday following his conviction for assault against a woman.

Dutch tech giant ASML posts gain in second-quarter profits

Dutch tech giant ASML, which makes cutting-edge machines to manufacture semiconductor chips, Wednesday posted a gain in second-quarter net profits compared with the same period in 2025.

China's economic growth hits slowest pace in more than three years

China's economy grew at its weakest pace in more than three years during the second quarter, data showed Wednesday, missing expectations even as strong exports driven by the global AI boom helped offset trade disruptions caused by the Middle East war.

Writers union sues to block US Paramount deal

The Writers Guild of America (WGA) filed a lawsuit Tuesday to block Paramount Skydance's proposed takeover of Hollywood studio Warner Bros. Discovery, arguing the $110 billion acquisition would violate federal antitrust law and harm writers.

Duped or spun with juju: how sex trade trafficks Nigerian women

She thought she was leaving Nigeria to work at a mobile phone shop in Mali to save money for university.

Gibraltar and Spain end border checks

A new era began between Spain and the tiny British territory of Gibraltar on Wednesday, as border checks that have long been a source of tension and frustration were finally lifted.

IBM shares plunge 25% as AI spending boom disrupts business

IBM shares plunged 25 percent Tuesday after the US tech giant released disappointing preliminary second-quarter results, blaming a shift in spending by customers due to expected higher prices for memory chips and other AI-related infrastructure.

Nasdaq rebounds as cooling US inflation weighs on dollar

Wall Street stocks rose following strong earnings from large US banks and an unexpectedly benign inflation report that weighed on the dollar.

IBM shares plunge as AI spending boom disrupts business

Shares in IBM plunged 24 percent on Tuesday after the US tech giant released disappointing preliminary second-quarter results, blaming a shift in spending by customers due to expected higher prices for memory chips and other AI-related infrastructure.

Cuba faces third nationwide blackout in less than 10 days

Cuba's power grid failed for the third time in less than 10 days, sparking another nationwide blackout, the national electricity company said Tuesday.

Trump backtracks on plan to toll Hormuz ships

US President Donald Trump on Tuesday abruptly scrapped a planned 20 percent levy on ships transiting the Strait of Hormuz amid clashes with Iran, saying he would instead seek compensation from Gulf allies via trade deals.

'Gus' the T. rex fetches record $50.1 mn at US auction

A Tyrannosaurus rex skeleton nicknamed "Gus" sold Tuesday for $50.1 million at Sotheby's in New York, making it the most valuable dinosaur fossil bought at auction after a 10-minute battle between seven bidders.

Dollar slides as rate hike prospects ease, oil gains moderate

The dollar slid Tuesday after a drop in US inflation dented expectations of an interest rate hike later this month.

US inflation cools in June before renewed Mideast fighting

US consumer inflation cooled more than expected in June, government data showed Tuesday, as energy prices fell on a temporary easing of the US-Iran war.

US consumer inflation cools in June on lower energy costs

US consumer inflation cooled more than expected in June, government data showed Tuesday, as energy prices fell on a temporary cooling of the US-Iran war.

SCANDIC TRADE & SNC SCANDIC COIN:  AI Meets Non-Custodial Trading

Anyone who monitors digital assets knows the problem: prices in one place, charts in another, wallet transactions in a separate application, and portfolio notes in spreadsheets. SCANDIC TRADE aims to end this fragmentation. The new platform brings market monitoring, AI-assisted analysis, non-custodial trading (self-custody: trading directly from the user's own wallet, without third-party access), portfolio management and features centred on the $SNC SCANDIC COIN together in one seamless workspace.The concept is aimed at users who no longer want to piece information together from numerous stand-alone solutions. Rather than offering yet another isolated crypto tool, SCANDIC TRADE is designed as a central interface that presents the journey from initial market observation and analysis to a wallet-signed transaction in a clear, traceable way. One fundamental principle remains intact: control of digital assets should stay with the user.From a Patchwork of Tools to a Personal Market CockpitSCANDIC TRADE's dashboard combines global market data, trend metrics, leading coins, search functions and account-specific information. Registered users can personalize the overview: watchlists, portfolio values, active alerts, current market analyses and relevant signals are brought together in a single interface.This positions SCANDIC TRADE not merely as a price list, but as a working environment for structured decision-making. Users should be able to identify more quickly which digital assets are gaining momentum, where risks are elevated and which positions require particular attention. The objective is not to reduce the market to a single metric, but to organize information so that decisions can be prepared on a more informed basis and reviewed more clearly afterwards.

Swiss probe Google dropping search choice on Android phones

The Swiss competition authority announced Tuesday it had opened a preliminary investigation into Google's removal of the "choice screen" feature on Android devices in Switzerland.

MEXC Reports 7.1 Billion USDT in SpaceX Futures Volume as Q2 Closes the Gap to Wall Street

MEXC, a pioneer in 0-fee digital asset trading, today released its Ecosystem & Growth Report for the second quarter of 2026. In Q1, users mostly bought gold and other hedges against macro risk. In Q2, their attention turned to AI projects and US stocks, and MEXC spent the quarter building products for exactly that demand.

Oil extends gains after fresh US strikes

Oil prices surged on Tuesday after fresh US strikes against Iran, fuelling fears over their already fragile truce and the risk of another spike in inflation.

Turn off addictive features on social media for children, say EU lawmakers

There should be a "youth mode" for children on social media platforms in which addictive features and targeted advertising are turned off, EU lawmakers demanded on Tuesday.

EU population to peak in 2029 before long-term decline

The population of the 27-nation European Union will peak in 2029 before falling in the coming decades, according to a report published Tuesday that puts a spotlight on the major challenges of an ageing citizenry.

US strikes Iran, vows to reimpose naval blockade

The United States launched on Tuesday a fresh wave of strikes on Iran and President Donald Trump vowed to reimpose a naval blockade, prompting Tehran to respond with attacks on countries in the region.

US strikes Iran for third day, will reimpose blockade

The United States launched a third night of strikes on Iran Tuesday as President Donald Trump reimposed a blockade on Iranian ports and floated a 20 percent fee on cargo in the vital Strait of Hormuz.

New era for Gibraltar as border controls with Spain set to end

Thousands of workers crossing daily between Spain and Gibraltar will enter a new era of easier travel on Wednesday, as border checks that have long been a source of tension are lifted.

Twelve US states sue to block Paramount's Warner Bros. takeover

California and 11 other US states on Monday sued to block Paramount Skydance's $110 billion takeover of Warner Bros. Discovery, calling the largest merger in Hollywood history a threat to competition in film and television.

Sawt Falasteen - Economy (English)