Sawt Falasteen - Economy

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Featured

STARPRIME Completes Beta Testing of Market-Maker Model for Retail Brokers

The Market-Maker Model developed by STARPRIME has completed an extensive beta-testing phase, working with a select number of clients. The term ‘market maker’ carries a stigma of being a bad actor in our industry. That reputation has identifiable origins, and some of it has been earned. What follows is how a properly governed market-making arrangement differs, and where it can materially improve outcomes for retail brokers.

Southern African mothers plead for sons lured to Russia's war

Instead of celebrating her son's birthday this month, Zimbabwean mother Rodwin Chitewere spent the day praying for his body to be brought home from Russia, where he was reportedly killed fighting Moscow's war against Ukraine.

Last news

UK householders face squeeze as budget looms

Thursday's government budget is unlikely to be uppermost in the minds of people enjoying the annual light show on the seafront promenade of Blackpool.

Falconers hope to draw World Cup fans to Qatar heritage

In the deserts of northern Qatar, children with a falcon perched on gloves on their left arms show off their hunting birds in a bid to preserve an age-old tradition.

Asian stocks mostly down as Ukraine fears offset inflation hopes

Asian stocks mostly fell Wednesday as another positive US inflation report that fanned hopes of a slowdown in the Fed's rate hike campaign was offset by fresh geopolitical concerns over Ukraine and profit-taking.

Liftoff! NASA successfully launches mega Moon rocket

NASA launched the most powerful rocket ever built on a journey to the Moon on Wednesday, in a spectacular blaze of light and sound that marked the start of the space agency's new flagship program, Artemis.

Chagall painting stolen by Nazis sells for $7.4 mn at US auction

A painting by Marc Chagall, which was among 15 works stolen by Nazis and eventually returned by France to the heirs of the affected families, sold for $7.4 million at auction in New York Tuesday.

Asian stocks swing as Ukraine fears offset inflation hopes

Asian stocks fluctuated Wednesday as another positive US inflation report that fanned hopes of a slowdown in the Federal Reserve's interest rate hike campaign was offset by fresh geopolitical concerns over Ukraine.

Floods sweep future from Pakistan schoolchildren

Pakistani three-year-old Afshan's trip to school is a high-wire balancing act as she teeters across a metal girder spanning a trench of putrid floodwater, eyes fixed ahead.

Estee Lauder agrees to buy Tom Ford brand for $2.3 bn

Luxury beauty brand Estee Lauder said in a statement Tuesday it had agreed to buy designer Tom Ford's company for $2.3 billion.

Musk delays Twitter relaunch after fake account frenzy

Twitter's new owner Elon Musk on Tuesday postponed the relaunch of the site's paid subscription service after a first attempt saw an embarrassing spate of fake accounts that scared advertisers.

'Two dead' as Iran protests swell on anniversary of lethal 2019 crackdown

Iranian security forces shot dead at least two protesters Tuesday, a rights group said, as demonstrations sparked by Mahsa Amini's death swelled on the anniversary of a bloody 2019 crackdown.

US wholesale price inflation slows in October

US wholesale prices continued to rise in October but at a slower pace than in the prior month, according to official data Tuesday which will add to rising hopes that inflation has peaked.

Red Cross says first aid convoy arrives in Tigray capital

The International Committee of the Red Cross (ICRC) said a medical aid convoy had arrived in the capital of Ethiopia's war-ravaged Tigray region Tuesday, its first since a peace deal between the federal government and Tigrayan rebels almost two weeks ago.

Stocks push higher on reassuring US inflation data

Stocks mostly pushed higher on Tuesday, boosted by encouraging data and earnings suggesting inflation may be slowing, and resilience in the US economy.

Walmart sees third quarter loss on opioid settlement but lifts outlook

US retail giant Walmart posted a $1.8 billion loss in the third quarter after a settlement resolving allegations on opioid cases, but lifted its full-year outlook on strong quarterly results.

UK set for new austerity budget

Britain will Thursday hike taxes and slash public spending in a government budget that signals a return to austerity despite a cost-of-living crisis and recession headwinds.

Ethiopia PM vows to execute 'promise' of peace deal

Ethiopia's Prime Minister Abiy Ahmed vowed on Tuesday to fulfil commitments made in a landmark peace deal with Tigrayan rebels and make "our promise a reality", nearly two weeks after the agreement was signed.

Stocks mixed on China moves, dollar drops

European and Asian stock markets were mixed Tuesday following losses on Wall Street and as China moves to shore up its economy.

US probe of journalist's death 'important step': Abu Akleh family

The family of Al Jazeera journalist Shireen Abu Akleh, who was likely killed by an Israeli soldier, on Tuesday praised a US decision to open a probe into her death.

After FTX collapse, cryptocurrency sector fights back

The failure of the FTX platform has undermined investor confidence and threatened the young cryptocurrency sector, pushing its main players to mobilise to save it.

Renault touts 'warm' Nissan ties as pair review alliance

There is a "warm atmosphere" within the Renault-Nissan alliance and a deal regarding its future will be announced "in due time", the French carmaker's chairman said Tuesday.

Chip giant TSMC shares surge on Buffett stake

Shares in Taiwan's TSMC soared on Tuesday after Warren Buffett's Berkshire Hathaway confirmed it had taken a close to $5 billion stake in a major boost of confidence for the semiconductor giant.

Asian markets rise further as China moves provide support

Asian markets rose Tuesday as investors brushed off a reverse on Wall Street and focused on signs of slowing inflation and China's moves to shore up its economy.

UK budget predicted to be a nightmare before Christmas

Britain will on Thursday hike taxes and slash public spending in a government budget signalling a return to austerity despite millions suffering a cost-of-living crisis in an economy facing recession.

Most Asian markets up further as China moves provide support

Asian markets mostly rose Tuesday as investors brushed off a reverse on Wall Street and focused on signs of slowing inflation and China's moves to shore up its economy.

Japan's economy shrinks unexpectedly in third quarter

Japan's economy shrank in the three months to September due to slower-than-expected consumption, official data showed Tuesday, dashing hopes of another quarter of growth.

Twitter prank spurs unexpected scrutiny of insulin prices

A Twitter imposter cost a US pharmaceutical giant billions of dollars, but the viral prank triggered another unexpected crisis -- a new wave of scrutiny of the high cost of its insulin.

Three out of four bitcoin investors have lost money: study

Roughly three-quarters of people who have bought bitcoin have lost money according to a study published Monday as the cryptocurrency sector reels from the collapse of a major exchange that has sapped confidence.

Google pays $392 mn in landmark US privacy case

Google on Monday agreed to settle a landmark privacy case with 40 US states over accusations that the search engine giant misled users into believing location tracking had been switched off on their devices.

Fed vice chair says 'appropriate soon' to slow rate hikes

It likely will be "appropriate soon" for the US central bank to slow the pace of interest rate increases, Federal Reserve Vice Chair Lael Brainard said Monday.

Wall Street rally peters out as dollar rises

Wall Street stocks slipped Monday following last week's global surge as the dollar advanced against major rivals.

Amazon founder Bezos says will donate most of fortune to charity

Amazon founder Jeff Bezos has for the first time said he would give away most of his $124 billion fortune to charity, but warned that doing so effectively will be hard.

Brazil's Embraer announces 3rd quarter loss

Brazilian plane-maker Embraer announced on Monday a third quarter loss of 160.4 million reais ($30.2 million) due to falling revenue in its defense and security sectors.

Sawt Falasteen - Economy (English)