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

Wall Street rally reverses as dollar rises

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

Stocks mostly rise, dollar up with focus on China, US

Stock markets mostly rose Monday after last week's global surge, helped by China's loosening of Covid rules and plans to help its property sector.

Stock markets mixed as global rally peters out

Markets were mixed Monday as traders struggled to maintain momentum after a global surge, though the loosening of China's Covid rules and plans to help its property sector helped Hong Kong extend its rally.

Asian markets mixed as global rally peters out

Asian markets were mixed Monday as traders struggled to maintain momentum after a global surge, though the loosening of China's Covid rules and plans to help its property sector helped Hong Kong extend its rally.

Germany deploys bin trucks to map mobile blackspots

On a street in Wusterhausen, around an hour's drive north of Berlin, a man paces intently, holding his mobile phone in front of him.

Musk sees aliens, tunnels in a candlelit G20 vision of the future

Sitting in the dark, wearing a traditional Indonesian batik shirt and surrounded by candles, Elon Musk offered a vision for the future that includes aliens, deep tunnels and rocket tourism.

China unveils sweeping measures to rescue property sector

Chinese authorities have unveiled sweeping measures to rescue struggling property sector, as regulators seek to offset years of harsh pandemic curbs and a real estate crackdown that have stalled the world's number-two economy.

Most Asian markets extend global rally on China hopes

Asian markets mostly rose Monday, extending a global surge, as a loosening of China's Covid rules and plans to help its property sector followed a drop in US inflation that eased rate hike fears.

Subarctic boreal forest, vital for the planet, is at risk

It burns, it drifts, it falls victim to insects. And it's shrinking.

'Black Panther' sequel scores huge opening, at home and abroad

Disney and Marvel's highly anticipated "Black Panther: Wakanda Forever" had a huge opening this weekend, taking in an estimated $180 million in North American theaters, industry watcher Exhibitor Relations reported Sunday.

Taliban ban Afghan women from gyms and public baths

Gyms and public baths are now also off limits to Afghan women, the Taliban confirmed Sunday, days after banning them from parks and funfairs.

Sun-soaked North Africa pushes for cheap energy

Solar panels glint in the sun on a Tunisian lagoon, part of a long-delayed drive to harness the North African country's vast renewable energy potential.

FTX working to secure assets after 'unauthorized' transactions

The new CEO of troubled cryptocurrency platform FTX said Saturday the company was making "every effort to secure all assets" following unauthorized transactions potentially worth hundreds of thousands of dollars.

US seeks 15-year term for Theranos founder in fraud case

US federal prosecutors are seeking a 15-year jail term for Theranos founder Elizabeth Holmes and want her to pay more than $800 million to investors defrauded by her blood-testing startup, according to a court filing.

Climate activists take to the trees to save German village

After the last farmer packed up and left in October, climate activists are the only people left in the village of Luetzerath, Germany, which sits above a rich vein of coal.

Nomadic Latino migrant labor aids Florida hurricane recovery

Hour by hour, day by day, hurricane-devastated southwest Florida is starting to get back on its feet -- and the workers doing the hard labor are largely undocumented migrants.

Will robots replace humans at Amazon?

At Amazon's robotics laboratory on the outskirts of Boston, Massachusetts, the company's newest automaton "Sparrow" picks out items to be shipped to customers, displaying human hand-like dexterity.

European stocks up despite recession warnings, US shares extend rally

Global stocks mostly ended higher on Friday as slower US inflation and an easing of Covid restrictions in China boosted investor sentiment, despite prospects of a downturn.

'Voracious' giant snails spark alarm in Venezuela

A "plague" of giant African snails that pose potential health risks to humans is causing alarm in Venezuela where sustained rains have facilitated their proliferation.

Cryptocurrency platform FTX files for bankruptcy, boss resigns amid tumult

Crisis-struck cryptocurrency platform FTX has gone bankrupt in the United States and its chief executive Sam Bankman-Fried has resigned, it said Friday, the latest blow in a saga that has reverberated across the digital currency landscape.

Twitter scrambles to curb spread of fake accounts

Twitter moved on Friday to curb fake accounts that have proliferated since Elon Musk's takeover, suspending sign-ups for a new paid checkmark system and reinstating a gray "official" badge on some accounts.

European stocks up despite recession warnings

European stocks mostly ended on a high on Friday as slower US inflation and a relaxing of Covid restrictions in China boosted investor sentiment despite recession prospects.

Angry Iranians protest 'Bloody Friday' massacre

Hundreds of angry men protested after Friday prayers in Iran's Sistan-Baluchistan province, online videos showed, six weeks after rights groups say dozens were killed during a crackdown in the region.

Cryptocurrency platform FTX goes bankrupt in US, boss resigns

Irish PM says 'opportunity' to end Brexit dispute after UK talks

Irish prime minister Micheal Martin on Friday said there was "a window of opportunity" for Britain and the European Union to resolve a dogged dispute over post-Brexit trade in Northern Ireland.

European stocks held back by recession warnings

European stock markets on Friday failed to match soaring gains overnight in Asia and on Wall Street, as recession prospects offset a boost from slower US inflation.

EU warns of 'difficult months' as eurozone faces recession

The EU warned Friday the eurozone was set to fall into recession this winter as Brussels hiked inflation forecasts for 2022 and 2023 on the back of high energy prices.

More UK misery as economy contracts in third quarter

Britain's economy shrank in the third quarter as inflation soars, official data showed Friday, likely confirming it is already in a recession, dealing a fresh blow to new Prime Minister Rishi Sunak.

SoftBank Q2 net profit boosted by sales of Alibaba shares

Japan's SoftBank Group on Friday posted a net profit in the second quarter, partly thanks to gains from the recent reduction of its stake in Chinese e-commerce giant Alibaba.

UK economy contracts in third quarter

Britain's economy shrank in the third quarter, official data showed Friday, likely confirming it is already in a recession forecast to last some time.

SoftBank posts Q2 net profit after Alibaba share sales

Japan's SoftBank Group on Friday posted a net profit in the second quarter, partly thanks to gains from its recent reduction of its stake in Chinese e-commerce giant Alibaba.

China's Singles Day shopping spree enters final stretch

China's Singles Day shopping bonanza entered its final stretch Friday, with all eyes on whether sales can top a record one trillion yuan ($140 billion) despite the country's struggling economy.

Sawt Falasteen - Economy (English)