Sawt Falasteen - Economy

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Featured

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.

Arctic shipping a daunting prospect in hotly contested region

With Gulf turmoil slashing Suez Canal traffic, shipping firms are tempted to try the Arctic for quicker trips between Europe and Asia -- but commercial prospects are unlikely to match countries' strategic ambitions for the North Pole.

Last news

GM's Cruise pauses driverless car operations after California ban

US vehicle company Cruise has suspended all operations of driverless cars, the subsidiary of auto giant General Motors said Thursday, days after California authorities halted testing of its driverless cars in the state.

Tesla workers strike in Sweden over union demands

Tesla mechanics in Sweden walked off the job on Friday to protest against the electric carmaker's refusal to sign a collective wage agreement, the metalworkers union said.

Eni profits slump on lower oil and gas prices

Italian energy giant Eni said Friday its net profit fell 67 percent to 1.91 billion euros in the third quarter of 2023, hit by falling oil and gas prices.

Former Chinese premier Li Keqiang dies at 68

Former Chinese premier Li Keqiang, a reform-minded bureaucrat once tipped as the country's future leader only to be eclipsed by President Xi Jinping, died Friday. He was 68.

Markets rise on tech bounce hope, inflation in focus

Asian markets rose Friday after strong earnings from two tech titans provided hope for a bounce on Wall Street, while traders were also steeling themselves for key US inflation data.

Apple Watch models face US import ban in patent clash

Medical technology company Masimo Corp. on Thursday said a US trade commission has recommended banning imports of Apple Watch models that infringe its light technology for detecting blood oxygen levels.

Under your skin: Tattoo artist inks cremated remains in art

When Scout Frank lost her mother, she knew she needed to keep her close -- and hit upon the perfect solution when she found she could have her ashes tattooed into her skin.

Tech titan Amazon sees profit climb as cloud promises boon

Online retail colossus Amazon on Thursday said profit surged in the recently ended quarter on growing sales and more efficient deliveries, with its cloud business promising even better days ahead.

Chip maker Intel beats earnings expectations as it pursues rivals

US chip giant Intel on Thursday said it made more money that expected in the recently ended quarter as it continued to invest in a "geographically balanced" supply chain.

Ford estimates US strike impact at $1.3 bn

Ford on Thursday said the need to retore manufacturing operations outweighed the additional costs to sweeten a labor contract to end a strike that has cost it some $1.3 billion.

Tech titan Amazon says profit surged to $9.9 bn as sales grew

Online retail colossus Amazon on Thursday reported profit of $9.9 billion in the recently ended quarter on growing sales and more efficient deliveries.

EU calls for 'corridors and pauses' for Gaza aid

EU leaders on Thursday called for "humanitarian corridors and pauses" in Israel's war with Hamas to get aid into Gaza, after hours of negotiations at a summit of the bloc in Brussels.

'Time bomb': Tree-killing bugs threaten France's lush forests

Last year, ferocious wildfires destroyed thousands of hectares of one of France's most picturesque forests.

Italian federation bans Newcastle's Tonali for 10 months for betting

The Italian football federation said on Thursday it had banned Newcastle United midfielder Sandro Tonali for 10 months for betting, including on matches involving his former team AC Milan.

EU eyes call for 'corridors and pauses' for Gaza aid

EU leaders on Thursday debated calling for "pauses" in Israel's war with Hamas to get aid into Gaza, as the bloc weighed how to respond to the conflict as fighting rages in Ukraine.

US economy grows at fastest rate in nearly two years

The US economy heated up in the third quarter, government data showed on Thursday, as a resilient job market helped boost consumer spending, holding off the prospect of a recession.

ECB holds interest rates for first time in over a year

The European Central Bank left interest rates unchanged at its meeting on Thursday, bringing an end to a series of hikes that started in July last year.

Man Utd report record Premier League revenues

Manchester United on Thursday reported a Premier League record revenue figure of £648.4 million ($784 million) for the year ending June 30.

Turkey lifts key rate for 5th month in inflation battle

Turkey's central bank sharply lifted its policy rate for the fifth month running on Thursday as part of its politically charged battle against historically high inflation rates.

'New dangers and fears': Sunak outlines AI risks ahead of summit

UK Prime Minister Rishi Sunak said Thursday that governments must be "honest" about the risks posed by artificial intelligence, as he prepares to host a global summit on the issue in Britain next week.

'The war room': Israeli tech workers band together in hostage search

It looks like any other scrappy Tel Aviv tech start-up, with staff in hip clothing huddled around laptops and downing espressos, but they are the volunteers in a "war room" assembled to help Israel bring home the hostages.

'Our lives stopped': Relatives plead for Israel hostages

Moran Betzer Tayar, wracked by anguish about the kidnapping of her nephew and his wife by Hamas fighters on October 7, summed up her feelings during a press conference: "On Saturday morning, our lives stopped."

EU eyes call for 'humanitarian corridors and pauses' in Gaza

EU leaders will on Thursday debate calling for humanitarian "pauses" in Israel's war with Hamas, as the bloc weighs how to respond to another conflict as fighting rages in Ukraine.

South Korean academic acquitted of defaming 'comfort women'

A South Korean professor who challenged the consensus view of Japan's wartime sex slaves was acquitted of defaming the victims on Thursday, overturning an earlier verdict.

Mercedes profits fall due to lower sales

German carmaker Mercedes-Benz said Thursday that its profits fell in the third quarter due to a drop in vehicle deliveries amid shortages of some parts.

Migrants find final resting spot on Spain's Canary islands

At the cemetery in the town of Aguimes, on the Spanish island of Gran Canaria, plaques marked the burial vaults holding the remains of 15 migrants found dead on board a boat.

Stellantis to buy stake in Chinese EV start-up Leapmotor

Global carmaker Stellantis said Thursday it will buy a 20 percent stake in Chinese electric car maker Leapmotor, making it the latest European brand seeking a foothold in the country's highly competitive market via partnerships with local manufacturers.

ECB set to pause rate hikes as eurozone feels pinch

European Central Bank policymakers are widely expected to leave interest rates unchanged when they meet in Athens on Thursday, as their previous policy moves seemed to be biting.

US auto workers union reaches preliminary deal with Ford

The US auto workers union reached a tentative agreement with Ford late Wednesday, a breakthrough in a 41-day stoppage on Detroit's "Big Three" car manufacturers.

A year after Musk's Twitter takeover, X remains mired in turmoil

A year ago Elon Musk purchased X, formerly known as Twitter, taking the platform on a journey that has resulted in lost money, advertisers and trust.

Elon Musk teases audio and video calls at X

X is tinkering with video and audio calling at the platform formerly known as Twitter, according to a post Wednesday by owner Elon Musk.

Meta quarterly profit more than doubles

Meta on Wednesday reported that its quarterly profit more than doubled from last year's figure to $11.6 billion as ad revenue climbed.

Sawt Falasteen - Economy (English)