Sawt Falasteen - Economy

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Featured

Nvidia boss criticises 'cheap' AI doomsday warnings

AI chip giant Nvidia's boss Jensen Huang said on Thursday that warnings artificial intelligence could wipe out humanity were "cheap" attempts to grab headlines.

Stocks retreat as tech mood sours, oil prices jump

Equities sank Thursday as tech firms resumed their downward spiral following a mixed bag of earnings from Wall Street titans, while sentiment was also soured by rising oil prices.

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Indian tycoon Adani slams 'malicious' Hindenburg report

Indian tycoon Gautam Adani on Tuesday denounced fraud accusations against his group by a US investment firm as a "deliberate attempt" to damage its image, at the first annual general meeting since the scandal.

Odesa port facilities damaged by Russian strike: Ukraine

A Russian overnight strike damaged port infrastructure facilities in southern Ukraine's Odesa, Kyiv's military said on Tuesday, hours after Moscow refused to extend a deal allowing the safe export of grain from the region.

Rich-poor split could tighten 'grip of poverty': World Bank chief

The new head of the World Bank said Tuesday that growing divides between rich and poor nations risked deepening poverty in the developing world, at a meeting of G20 finance ministers in India.

Asian markets drop as China growth worries offset Fed rate hopes

Most Asian markets sank Tuesday as further weakness in China's economy fuelled worries about the effects on global growth, overshadowing optimism that the United States is winning its battle against inflation and could avoid a recession.

Pretty in pink: 'Barbie' marketing blitz hits fever pitch

Hollywood A-listers have been walking red carpets in hot pink, glitter is back, and companies from The Gap to Burger King are doing rose-colored collaborations: "Barbie" mania is everywhere as the hotly anticipated film hits theaters worldwide.

Global stocks mixed after weak China data

Lackluster Chinese economic data weighed on equity markets in Europe and Asia Monday, while Wall Street stocks extended an upward swing ahead of major earnings.

Stock markets split on China, earnings

Stock markets diverged Monday as traders weighed official data showing China's economy grew less than expected in the second quarter with hopes of an end to US interest-rate hikes.

Stock markets mostly fall as China data disappoints

Stock markets mostly retreated Monday as official data showed China's economy grew less than expected in the second quarter, offsetting hopes of an end to US interest-rate hikes.

Stock markets drop as China data disappoints

Stock markets retreated Monday as official data showed China's economy grew less than expected in the second quarter, offsetting hopes of an end to US interest-rate hikes.

Leaks, repairs, stress: how skeleton crew stopped Red Sea oil disaster

When an alarm sounded on the decaying oil tanker off Yemen's coast, signalling a leak in its engine room, Hussein Nasser quickly sprang into action.

Ukraine claims deadly blast on Crimea bridge

Waterborne drones struck the sole bridge connecting Russia to the annexed Crimea peninsula on Monday, in a deadly attack on a vital supply route claimed by Ukraine's security services.

Markets struggle as China growth misses forecasts

Markets struggled Monday to build on last week's rally, with new data showing China's economy grew less than expected in the second quarter as its post-Covid recovery runs out of steam.

China's economy shows further weakness in second quarter

China's economy showed further signs of weakness in the second quarter as data Monday showed growth missed expectations and consumers remained cautious, adding pressure on leaders to unveil further stimulus.

Markets struggle as rally fades, China growth misses forecasts

Asian markets struggled Monday to build on last week's rally, with new data showing China's economy grew less than expected in the second quarter as its post-Covid recovery runs out of steam.

China's economy grew 6.3% on-year in second quarter

China's economy grew 6.3 percent year on year in the second quarter, a figure that belies the country's slowing post-pandemic recovery and one that analysts warn is inflated given the low base of comparison with lockdown-wracked 2022.

China's economy grew 6.3% on-year in second quarter: official data

China's economy grew 6.3 percent year-on-year in the second quarter of 2023, official data showed Monday, despite a patchy post-Covid rebound in recent months.

Ukraine grain deal in peril, fierce fighting in the east

The clock was ticking down Monday on the deal that allows Ukraine to export its grain via the Black Sea, with the agreement set to expire at midnight Istanbul time (2100 GMT).

'Haunted Mansion,' a premiere without stars as strike bites

The first major world premiere since Hollywood actors went on strike featured no stars -- and a mournful director who said he backed the walkout but missed his cast "terribly."

UK formally signs up to trans-Pacific trading bloc

The UK government on Sunday hailed what it said was its biggest trade deal since Brexit, as it formally signed a treaty to join a major Indo-Pacific bloc.

San Francisco's race for robo-taxis cleaves sharp divide over safety

A driverless taxi slows down on a dark San Francisco street and is quickly surrounded by a group of masked figures.

Musk says Twitter has lost half its advertising revenue

Twitter owner Elon Musk said Saturday that the social media platform he bought for $44 billion last October has lost roughly half of its advertising revenue.

French war photographer Marie-Laure de Decker dead at 75

Marie-Laure de Decker, the French model who stepped behind the camera to become an internationally recognised war photographer, has died at the age of 75, her family said Saturday.

Azerbaijan, Armenia hold talks, Russia proposes Moscow summit

Azerbaijan and Armenia held a fresh round of EU-mediated peace talks Saturday, while Russia offered a summit in Moscow in a bid to reassert a lead role in the normalisation process.

Azerbaijan, Armenia hold Brussels talks, Russia proposes Moscow summit

Azerbaijan and Armenia held a fresh round of EU-mediated peace talks Saturday, while Russia offered a summit in Moscow in an effort to reassert a lead role in the normalisation process.

'Like Ons Jabeur': Young Tunisian girls dream of tennis glory

At a sporting club in Tunis, young girls enthusiastically hit yellow tennis balls across the court in the hope of one day making it to Wimbledon, like their idol Ons Jabeur.

Strikes strand thousands of tourists in Italy, Belgium

Strikes by airport and airline staff grounded hundreds of flights and left thousands of travellers stranded in Europe on Saturday at the height of the busy summer tourism season.

Paraguay's Pena says Taiwan ties make 'more sense' than China

Paraguay's formal ties with Taiwan make "more sense" than recognising China, and will be a greater boost to development in the South American nation, president-elect Santiago Pena said Saturday.

Viral caffeine-heavy drink raises concerns for US kids

With its extremely high levels of caffeine, a hip new soft drink is raising fears in the United States that it might be dangerous for children, who have been snapping up the beverage since it was launched by famous YouTube personalities.

'Artificially high' growth predicted for China in Q2: survey

China's economic growth is expected to have surged in the second quarter, an AFP survey has forecast, but analysts say Monday's figures will be misleadingly inflated given the low base of comparison with pandemic-wracked 2022.

Global stocks mixed as Wall Street rally begins to tire

World stock markets were mixed Friday as a Wall Street rally showed signs of fatigue, despite solid bank earnings and improving inflation data.

Striking actors join picket lines as Hollywood shuts down

Actors took to picket lines outside Netflix and other studio headquarters in Los Angeles on Friday as movie and television production ground to a halt in the most serious Hollywood strike in decades.

Stocks mostly rise as profits please and recession worries ease

World stock markets mainly rose Friday as companies reported better-than-expected earnings and investors hoped easing US inflation would mean an end to rate hikes is near.

Sawt Falasteen - Economy (English)