Sawt Falasteen - Economy

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US intervention 'devastated' Iran's nuclear programme says Pentagon

A series of unprecedented US strikes against Iran "devastated" its nuclear programme, Defense Secretary Pete Hegseth said Sunday, as he asserted Washington was not seeking regime change in Tehran.

South Korea counts on shipbuilding to ease US tariff woes

Asia's fourth largest economy South Korea is facing gruelling tariffs by US President Donald Trump, but its shipbuilding industry could prove a useful bargaining chip.

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Gold tops $3,000 for first time on Trump tariff threats; stocks rebound

Gold surpassed $3,000 for the first time Friday as US President Donald Trump's trade wars boosted demand for the safe-haven asset, while stock markets bounced on signs US lawmakers would avert a government shutdown.

US govt shutdown in balance after top Democrat avoids fight

The US Senate appeared closer Friday to avoiding an economically damaging government funding shutdown after the Democrats' leader shied away from a major confrontation with President Donald Trump.

Crew launch to ISS paves way for stranded astronauts' homecoming

A pair of stranded astronauts will be one step closer to finally coming home when the next crew launches for the International Space Station on Friday.

UniCredit gets ECB nod on Commerzbank stake, but delays merger decision

Italian banking giant UniCredit said Friday it had secured approval from the European Central Bank to up its stake in Commerzbank, but warned there were still hurdles ahead before a possible takeover of its German rival.

Sri Lanka adjusts train timings to tackle elephant deaths

Sri Lanka's wildlife and railway authorities announced on Friday a series of low-tech measures, including adjusting timetables to reduce night-time train collisions, following the worst wildlife accident that killed seven elephants.

BMW expects big hit from tariffs after 2024 profits plunge

German automaker BMW warned Friday that it would take a big hit from trade wars between the United States, China and Europe this year, on top of weak Chinese demand, after profits plunged in 2024.

Gold tops $3,000 for first time on Trump tariff threats

Safe-haven gold surpassed $3,000 for the first time Friday, boosted by uncertainty over US President Donald Trump's tariffs, while stock markets gained on hopes US lawmakers will avert a government shutdown.

Syrian Druze cross armistice line for pilgrimage to Israel

Dozens of Syrian Druze clerics crossed the armistice line on the Golan Heights into Israel on Friday for their community's first pilgrimage to a revered shrine since Israel's creation in 1948.

Taiwan tech giant Foxconn's 2024 profit misses forecasts

Taiwanese tech giant Foxconn reported on Friday a lower-than-expected net profit for 2024 as consumer electronic gadgets underperformed, although demand for its artificial intelligence servers remained robust.

UniCredit gets ECB nod for Commerzbank stake

Italian banking giant UniCredit said Friday it had secured approval from the European Central Bank to buy up to 29.9 percent of Commerzbank, opening the door to a possible takeover of its German rival.

BMW warns on tariffs, China as 2024 profits plunge

German premium carmaker BMW warned Friday of continued challenges in 2025 from trade tensions and weak demand in China after reporting a plunge in profits last year.

Driving ban puts brakes on young women in Turkmenistan

Mekhri feels "a sense of freedom and self-confidence" when she's behind the wheel of a car -- despite being forced to drive illegally because of an unwritten rule preventing women getting a licence.

Most Asian markets rise on hopes for bill to avert US shutdown

Asian investors fought Friday to grind out gains at the end of a painful week for markets as they welcomed signs US lawmakers will avert a government shutdown but remained fearful over Donald Trump's trade war.

Stock markets tumble as Trump targets booze

Global stock markets slid on Thursday, especially on Wall Street, as US President Donald Trump launched a new volley in his trade war, while gold hit a new record high.

Trump tariff threat leaves sour taste for European drinks producers

President Donald Trump's threat to impose a 200 percent tariff on many European Union alcohol imports, amid a spiralling trade war, will hit a market worth $10 billion to EU producers in 2023, according to World Trade Organisation figures.

Georgian designer Demna leaves Balenciaga for Gucci

Georgian designer Demna is leaving Balenciaga after a decade to become artistic director of Gucci, the French parent company of both brands, Kering, said Thursday.

Donatella Versace, fashion icon who saved slain brother's brand

Donatella Versace, whose departure as creative director of the family-founded luxury label was announced Thursday, overcame tragedy and self-doubt to reinvent herself as head of one of Italy's leading fashion houses.

Sweden to hold talks on countering soaring food costs

Sweden's government said Thursday it will hold talks with food producers and distributers as a consumer movement over soaring costs in the Nordic country gains traction.

EU, US eye greater energy ties amid Trump frictions

European and US policy makers are eyeing deeper ties around natural gas even as trade conflict boils and President Donald Trump challenges the long-running transatlantic alliance.

Donatella Versace to give up creative reins of brand after 28 years

Donatella Versace will end nearly 30 years as creative director of fashion label Versace, handing the reins of the flashy luxury brand to Miu Miu's Dario Vitale, the brand's owner said Thursday.

Stock markets find little cheer as Trump targets champagne

Global stock markets mostly slid on Thursday as US President Donald Trump launched a new volley in his trade war and hopes for a quick Ukraine ceasefire faded.

UK seeks tougher term for father jailed over daughter's murder

The father of a British-Pakistani girl jailed for 40 years for her murder should have been given a whole life sentence from which he would never be released, a top government lawyer argued in a court appeal hearing Thursday.

Kyrgyzstan, Tajikistan sign border deal to boost regional stability

Kyrgyzstan and Tajikistan signed on Thursday a border agreement seen as key for the stability of Central Asia, a move that follows three decades of conflict between the two former Soviet republics over water resources and land.

Iraq says seeking alternatives to Iran gas

Iraq is exploring alternatives to Iranian gas imports, including options in the Gulf, a government official said, as it seeks to reduce dependence on its sanctions-hit neighbour.

Food app Deliveroo delivers first annual profit

Food delivery app Deliveroo announced Thursday its first annual profit as orders and revenue rose, while the 12-year old company sees further growth despite exiting Hong Kong.

Couche-Tard bosses make case in Tokyo for 7-Eleven buyout

The directors of Canadian convenience store giant Alimentation Couche-Tard (ACT) said on Thursday they were seeking a "friendly" buyout of 7-Eleven but lamented a lack of progress towards a deal.

Asian stocks wobble as US inflation fails to ease trade worries

Asian investors struggled Thursday to build on much-needed gains on Wall Street as a below-forecast read on US inflation was offset by ongoing concerns about President Donald Trump's trade war.

Trump's Canada fixation: an expansionist dream

A savvy negotiating tactic? A wild fantasy? A greed for natural resources?

Generative AI rivals racing to the future

Since ChatGPT burst onto the scene in late 2022, generative artificial intelligence (GenAI) models have been vying for the lead - with the US and China hotbeds for the technology.

Argentine football fans, protesters clash with police at pensions march

Argentine police fought running battles Wednesday with hundreds of protesters, including numerous football fans, during a protest march by pensioners in Buenos Aires.

Monopoly Go game maker Scopely to buy Pokemon Go team

Mobile games giant Scopely will pay $3.5 billion to acquire Niantic's game unit including the studio behind Pokemon Go, the companies announced on Tuesday.

Greenland to get new govt to lead independence process

The day after winning Greenland's elections, the centre-right Democrats hunkered down Wednesday to strategise about building a coalition government and a path to independence for the Danish territory coveted by US President Donald Trump.

Sawt Falasteen - Economy (English)