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.

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US strikes Iran after Hormuz tanker attacks: military

US forces launched strikes on Iran on Tuesday after three commercial vessels were attacked in the Strait of Hormuz, the US military said, sharply escalating a confrontation that has already shaken efforts to end the Middle East war.

Netflix strikes deals in short-form video push

Netflix is pushing deeper into the short-form video territory dominated by TikTok and YouTube, striking licensing deals with a slate of major US media publishers to carry bite-sized content on its platform.

Global AI industry falls short on safety, think tank warns

US artificial intelligence lab Anthropic scored the highest in a semiannual safety ranking, but globally the industry fails to combat "existential" threats, according to a report released on Tuesday.

Canada province preparing lawsuit against OpenAI over school shooting

British Columbia said Tuesday it was preparing a lawsuit against OpenAI over the company's failure to report violent ChatGPT activity by the person who committed a mass school shooting in the western Canadian province.

Tanker attacks send oil higher, stocks hit by AI jitters

Oil prices jumped after three tankers were attacked near the Strait of Hormuz, while jitters about the outlook for the AI sector hit equities.

Cuba slowly gets power back after third nationwide blackout in six months

Cubans were gradually getting power back on Tuesday after the third nationwide power outage since the start of the year, causing mounting despair in the face of an energy collapse precipitated by a US fuel blockade.

Seoul dives on tough day for Asia as Samsung fails to ease tech woes

Seoul once again led losses in Asian stocks on Tuesday as chip giant Samsung tumbled despite an eye-watering rise in profit, stoking fears that the record-breaking, AI-fuelled rally might have reached the end of the road.

Samsung expects 1,800% operating profit leap on AI boom

South Korean technology giant Samsung Electronics forecast Tuesday a massive 19-fold jump in second-quarter operating profit from a year earlier, buoyed by sustained AI-driven demand for memory chips.

Seoul dives on mixed day in Asia as Samsung fails to ease tech woes

Seoul once again led losses on a mixed day in Asian stocks Tuesday as chip giant Samsung tumbled despite an eye-watering rise in profit, stoking fears that the record-breaking, AI-fuelled rally may have reached the end of the road.

Samsung expects 1,800% leap in quarterly operating profit on AI boom

South Korean technology giant Samsung Electronics forecast on Tuesday a roughly 19-fold jump in second-quarter operating profit from a year earlier, buoyed by sustained AI-driven demand for memory chips.

Mbappe condemns racist abuse by Paraguayan senator after World Cup clash

Kylian Mbappe on Monday labelled a Paraguayan senator "despicable" and "not worthy of her position" after she racially abused the France captain on social media after the World Cup last-16 clash between the countries at the weekend.

Stock markets meander as US tech stocks climb

Major stock markets meandered Monday while US tech names climbed, as quarterly earnings season kicks into gear.

Trump touts latest White House renovation: a new helipad

US President Donald Trump on Monday confirmed that work was underway to build a "beautiful" new helipad at the White House, in his latest personally directed redesign to the iconic building.

'Agony' in Cuba amid third nationwide blackout in six months

Cuba on Monday suffered its third nationwide power outage since the start of the year, causing mounting despair in the face of an energy collapse precipitated by a US fuel blockade.

Don't let AI shape humanity's future: UN chief

The United Nations chief called Monday for a global governance system to shape artificial intelligence for the good of humanity, warning against allowing the technology to "vibe-code" our future itself.

Microsoft cuts 4,800 job as it revamps Xbox

Microsoft said Monday it was eliminating about 4,800 jobs -- roughly two percent of its global workforce -- in a cost-cutting move that will deliver a sweeping restructuring of its struggling Xbox gaming division.

Netflix, Disney+, Amazon appeal French investment rules

Streaming platforms Netflix, Disney+ and Amazon's Prime Video said Monday they have filed appeals with French authorities to challenge new rules requiring them to allocate 20 percent of audiovisual content investment to animation, documentaries and live performances.

Stock markets diverge as tech recovery stutters

Major stock markets traded mixed Monday as a recovery for technology share prices petered out and quarterly earnings season kicks into gear.

German factory orders unexpectedly rebound in May

German industrial orders unexpectedly rebounded in May, official data showed Monday, but the government warned of continued headwinds due to "geopolitical uncertainty" from the Middle East war.

Sky strengthens UK streaming offer with ITV deal

Sky television on Monday said it had agreed to buy ITV's media and entertainment business for up to £1.6 billion ($2.1 billion), creating a heavyweight in UK streaming.

Experts urge caution as demand grows for AC in heatwave-hit UK

Londoner Zainab Hussain once saw air conditioning as a luxury in Britain. Now, the 35-year-old "can't see how we'll survive without it".

Turkey eyes F110 fighter jet engines as Trump comes to town

US President Donald Trump's visit to Ankara for the NATO summit could help secure Turkey's acquisition of dozens of fighter jet engines, but won't resolve the F-35 dispute that has soured ties, analysts say.

Afghan car trade screeches to a halt due to regional wars

In Afghanistan's southern Kandahar province, a once-thriving business of trading car parts from far-flung places has screeched to a halt due to conflicts at the country's borders.

Mass protests in Germany fail to stop far-right AfD congress

Tens of thousands of demonstrators flooded a German city on Saturday, blocking major roads and disrupting public transport, but failed to halt a congress of the far-right AfD party.

Struggling German auto supplier Continental to sell unit

German auto supplier Continental announced Saturday a four-billion-euro ($4.6-billion) deal to sell a division to a US investment group, the latest move in a major restructuring.

Mass protests in Germany as far-right AfD meets

Thousands of demonstrators flooded a German city on Saturday, blocking major roads and disrupting public transport, in a bid to shut down the annual congress of the far-right AfD party.

Pope defends migrants at Mediterranean island frontier

Pope Leo XIV on Saturday visited Italy's Lampedusa island, a major port of call for migrants risking the perilous crossing from Africa, in a stark message to US and EU leaders.

Pope to defend migrants at Mediterranean island frontier

Pope Leo XIV on Saturday visits Italy's Lampedusa island, a major port of call for migrants risking the perilous crossing from Africa, in a stark message to US and EU leaders.

Mass protests expected as German far-right AfD meets

German police are bracing to guard an annual congress of the far-right AfD party this weekend against tens of thousands of antifascist demonstrators who are determined to shut it down.

Dangerous heatwave hits peak temps along US east coast

A brutal heatwave hit peak temperatures across the eastern United States on Friday, straining power grids, threatening World Cup matches and playing havoc with celebrations for America's 250th independence anniversary.

Thousands more head for South Africa's borders

Several thousands more foreign nationals clamoured to leave South Africa Friday, many of them gathered near the Zimbabwe border after a push that has already seen around 35,000 go home.

Dutch FA to sue over racist slurs after World Cup exit

The Dutch Football Association (KNVB) said Friday it had filed a complaint to the public prosecutor over racist messages posted in the wake of the country's exit from the World Cup.

Sawt Falasteen - Economy (English)