Sawt Falasteen - Economy

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Featured

Markets rise on growing rate cut hopes

Markets rose Wednesday on growing hopes of US interest rate cuts after soft inflation data, with Japan's Nikkei hitting a second record high in as many days.

Fortnite developer claims win against Apple and Google

An Australian court has found Apple and Google misused their market power in a dispute with the maker of wildly popular video game Fortnite.

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Stocks diverge as ECB rate cut looms, Trump tussles with Fed

European stock markets dropped Thursday following Asian gains as investors awaited an expected interest rate cut by the European Central Bank while US President Donald Trump blasted the head of the Federal Reserve.

Nvidia CEO in Beijing as US tech curbs, trade war threaten sales

Nvidia CEO Jensen Huang arrived in Beijing on Thursday, state media said, days after the United States curbed sales of its H20 artificial intelligence chips to China.

Italy's Meloni in Washington seeking EU tariff deal from Trump

Italy's Prime Minister Giorgia Meloni meets with Donald Trump Thursday in Washington, hoping a personal charm offensive can help convince the US president to cut a more favourable deal on EU tariffs.

Asian markets boosted as 'Big Progress' made in Japan tariff talks

Tokyo led Asian stocks higher on Thursday as optimism over Japan-US trade talks offset Federal Reserve boss Jerome Powell's warning that Donald Trump's tariffs could force officials to choose between fighting inflation or unemployment.

Taiwan's TSMC net profit soars as US tariff threat looms

Taiwanese chipmaking titan TSMC reported on Thursday a surge in net profit for the first quarter and forecast robust demand for artificial intelligence technology, despite the spectre of US tariffs on the critical sector.

Cartel recruitment at heart of Mexico's missing persons crisis

When Rubi Cruz recognized her husband's belongings among personal items found at a suspected Mexican drug cartel training camp, she feared the worst -- that he had become a victim of forced recruitment.

Mahrang Baloch, a child of the resistance for Pakistan's ethnic minority

Pakistan's Mahrang Baloch has risen to become the young face of a decades-old movement against rights abuses since she discovered her father's tortured body when she was a teenager.

Taiwan's TSMC says net profit rose 60.3% in first quarter

Taiwanese chipmaking titan TSMC reported Thursday a surge in net profit for the first quarter and forecast robust demand for artificial intelligence technology, despite the spectre of US tariffs on the critical sector.

Hermes to hike US prices to offset tariff impact

French luxury group Hermes said Thursday it would hike its prices in the United States to offset the impact of 10-percent import tariffs imposed by President Donald Trump.

Sri Lanka's women-run hotel breaks down barriers

Time for the daily staff meeting at Sri Lanka's Hotel Amba Yaalu where woman manager Jeewanthi Adhikari jokes: "This won't look very serious, there are only girls around the table."

Spanish youth keep vibrant Holy Week processions alive

Clad in a traditional white tunic and purple sash, four-year-old Thiago could barely contain his excitement before taking part as a drummer in a Spanish Easter procession thronged by thousands.

Unease grows over Trump tariffs despite 'progress' in Japan trade talks

Uncertainty over Donald Trump's tariff blitz mounted Thursday after the Fed chief warned of rising prices and "volatility" while "progress" flagged by the US president in talks with Japan lifted markets slightly.

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A First for Utah: Ride Waves, Live Local, and Discover Adventure-Driven Lifestyle

AMD says US rule on chips to China could cost it $800 mn

Chip developer Advanced Micro Devices (AMD) on Wednesday said it expects new US licensing requirements for semiconductors exported to China to cost it as much as $800 million.

El Salvador rejects US senator's plea to free wrongly deported migrant

A Democratic senator said Wednesday that El Salvador had denied his request to release a US resident whose wrongful deportation triggered a political firestorm over President Donald Trump's hard-line immigration policies.

Trump tariffs could put US Fed in a bind, Powell warns

US President Donald Trump's tariffs will likely push up prices and constrain growth, and could put the Federal Reserve in the unenviable position of having to choose between tackling inflation and unemployment, the central bank's chair said Wednesday.

Putin praises Musk, compares him to Soviet space hero

Russian President Vladimir Putin praised Elon Musk on Wednesday, telling university students he was a pioneer comparable to legendary Soviet rocket engineer Sergei Korolev.

Trump touts trade talks, China calls out tariff 'blackmail'

US President Donald Trump touted tariff negotiations with Japan on Wednesday while China angrily accused Washington of "blackmail" in a trade war that the WTO warns will have "severe" economic consequences for the global economy.

Global uncertainty will 'certainly' hit growth: World Bank president

The uncertainty kicked up by Donald Trump's stop-start tariff rollout will undoubtedly hit growth, the president of the World Bank said Wednesday, ahead of next week's semi-annual meeting of global financial leaders in Washington.

WTO chief says 'very concerned' as tariffs cut into global trade

Global trade is expected to plummet this year in the wake of President Donald Trump's tariff offensive, fuelling uncertainty that threatens "severe negative consequences" for the world, the World Trade Organization warned Wednesday.

Sports bodies have 'no excuses' on trans rules after court ruling: campaigners

Campaigners say there are "no excuses" for allowing transgender women to compete in women's sports events after a landmark legal decision in Britain on Wednesday.

The Trump adviser who wants to rewrite the global financial system

One of the architects of US President Donald Trump's tariff blitz has advocated a shake-up of the global trade and financial systems, centred on a radical strategy to weaken the dollar.

Canada central bank holds interest rate steady amid tariffs chaos

The Bank of Canada on Wednesday held its key lending rate at 2.75 percent, pausing a stream of recent cuts due to shifting US trade policy and tariffs.

Google facing £5 bn UK lawsuit over ad searches: firms

Google on Wednesday said it would "vigorously" defend itself after some 250,000 UK businesses filed a multi-billion-pound legal claim against the US tech giant for allegedly overcharging for online advertising.

'Put it on': Dutch drive for bike helmets

It's a world-famous scene: a steady and slightly chaotic stream of cyclists pedalling out of Amsterdam's Centraal Station, heading for the canals and cafes of the Dutch capital. Almost no one is wearing a helmet.

Stocks retreat as US hits Nvidia chip export to China

European and Asian stock markets mostly retreated Wednesday after the US government imposed restrictions on exports of a key Nvidia chip to China, the latest trade war salvo between the world's biggest economies.

China's forecast-beating growth belies storm clouds ahead: analysts

Forecast-beating growth in China's first quarter may have offered Beijing's economic planners some much needed good news -- but analysts warn they should strap in for tariff-induced woes further down the line.

ASML CEO sees growing economic 'uncertainty' from tariffs

Dutch tech giant ASML warned on Wednesday of growing economic uncertainty due to US tariffs but the company kept its 2025 sales forecast intact.

Dutch flower industry grasps thorny pesticide issue

As Margriet Mantingh gazes at flowers stretching as far as the eye can see at the world's biggest flower market near Amsterdam, all she sees is a huge bouquet of pesticides.

Solar boom counters power shortages in Niger

Solar panels like the ones on the roof of Elhadj Abdou's house are an increasingly common sight in Niger's capital, which is often hit by power cuts.

Mackerel and missiles: EU-UK defence deal snags on fish

Cod and herring are normally more likely to be on the dinner menu than the negotiating table at European security talks.

Istanbul's Hagia Sophia prepares for next big quake

The Hagia Sophia of Istanbul is no stranger to change -- through the centuries the city's architectural jewel has gone from church to mosque to museum, back to mosque again.

Sawt Falasteen - Economy (English)