Sawt Falasteen - Economy

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Featured

Anthropic unveils IPO filing showing soaring sales and AI risks

Anthropic, one of the world’s leading artificial intelligence companies, on Monday made public its plans to sell shares on the stock market, a significant test of whether the AI boom can deliver profits.

Stocks climb ahead of tech earnings, central bank calls

The world's main stock markets mostly climbed Monday as investors geared up for the week's crucial run of central bank decisions and tech earnings, while oil prices retreated from a six-month high.

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Wall Street chiefs to share stage with Hong Kong's sanctioned leader

Some of the world's top bankers will attend a Hong Kong finance summit on Wednesday, defying criticism by US lawmakers over their decision to share a stage with the city's leader who is sanctioned by Washington.

Musk announces $8 monthly charge for verified Twitter accounts

New Twitter head Elon Musk said Tuesday the site will charge $8 per month to verify users' accounts, arguing the plan would upend the platform's "current lords & peasants system" and create a new revenue stream for the company.

Global stocks mixed on Fed hopes, China zero-Covid reports

Global stock markets were mixed Tuesday, as traders looked ahead to the US Federal Reserve's interest rate decision hoping it will signal a more dovish approach to fighting inflation.

Israel voters flock to the polls as Netanyahu eyes comeback

Israelis cast ballots Tuesday in their fifth election in less than four years, turning out for their strongest showing in two decades with ex-premier Benjamin Netanyahu seeking a comeback.

Counter-terror police probe UK migrant centre attack

A British counter-terrorism unit has taken over an investigation into the firebombing of a migrant processing centre, police said on Tuesday.

Israel vote turnout up as Netanyahu eyes comeback

Israelis cast ballots Tuesday in their fifth election in less than four years, turning out for their strongest showing in two decades with ex-premier Benjamin Netanyahu seeking a comeback.

Uber shares surge as company says consumers still strong

Shares of Uber rocketed higher Tuesday after it reported a surge in quarterly revenue and described consumer demand as remaining robust.

US Fed starts policy meeting with further rate hike expected

US central bankers started their two-day policy meeting Tuesday with persistently high inflation backing expectations of another rate hike -- a fourth straight steep increase as price pressures fail to ease quickly enough.

Global stocks rise on Fed optimism, China zero-Covid reports

Global stock markets rose sharply Tuesday, as traders looked ahead to the US Federal Reserve's interest rate decision hoping it will signal a more dovish approach to fighting inflation.

Pfizer lifts 2022 forecast for Covid-19 vaccine sales as profits rise

Pfizer reported higher quarterly profits Tuesday as it lifted its full-year forecast for coronavirus vaccine sales and predicted Covid-19 would yield billions more in revenues for the forseeable future.

Lufthansa to raise salaries for German cabin crew

Lufthansa said Tuesday it had agreed a pay rise for 19,000 cabin crew members in Germany to help compensate for soaring inflation.

Markets rally before Fed, China zero-Covid hopes boost Hong Kong

Asian and European stock markets rose further Tuesday, as traders looked ahead to the Federal Reserve's policy decision, hoping it will signal a more dovish approach to fighting inflation.

BP quarterly profit surges on high energy prices

BP said Tuesday that underlying third-quarter profit more than doubled on high commodity prices after key energy producer Russia's invasion of Ukraine but logged a net loss on accounting charges.

'Serious blow': Ukraine commander fears loss of Starlink

Few took Elon Musk's tweeted threat to stop funding Starlink in Ukraine as seriously as the commander in charge of communications along much of the southern front.

US publishing mega-merger blocked by federal judge

A federal judge on Monday blocked publishing giant Penguin Random House from acquiring its competitor Simon & Schuster, siding with the US Justice Department which had argued against the mega-merger.

China iPhone factory under lockdown quadruples bonuses for workers who stay

The world's largest iPhone factory in central China told staff Tuesday it would quadruple their bonuses if they remained at the plant after scores of workers fled a Covid outbreak at the facility.

Sony hikes net profit forecast as weak yen boosts business

Sony raised its annual net profit and sales forecasts on Tuesday, saying the weak yen had boosted its bottom line in sectors including gaming, music and movies.

Toyota keeps net profit forecast despite production woes

Toyota kept its annual net profit forecast unchanged on Tuesday, as the weaker yen offsets supply-chain disruptions that have forced the Japanese car giant to slash production targets.

Musk on the move at Twitter after takeover finalized

Elon Musk has hit the ground sprinting after his Twitter takeover, seeking major changes to the platform only days after finalizing his controversial $44 billion purchase.

Algeria hosts first Arab summit since Israel normalisation deals

Arab leaders meet in the Algerian capital on Tuesday for their first summit since a string of normalisation deals with Israel that have divided the region.

Biden threatens tax hit for 'war profiteering' oil giants

US President Joe Biden said Monday he plans to seek tax penalties for oil companies unless they invest their record profits in lowering consumer costs and boosting production, criticizing their "war profiteering."

Taylor Swift makes US song charts history with 'Midnights'

Taylor Swift made music history Monday, becoming the first artist ever to simultaneously nab all 10 spots on the top US song chart after the release of her album "Midnights."

Biden threatens tax hit for oil majors who fail to lower costs

US President Joe Biden plans to seek tax penalties for oil companies unless they invest their record profits in lowering household costs and ramping up production, a White House official said Monday.

Markets mixed on hopes Fed will take foot off pedal

World stocks were mixed on Monday before a key Federal Reserve policy meeting later in the week, with investors hoping for a less hawkish tilt in plans for interest rate hikes.

Italy surprise GDP jump comes as new PM Meloni prepares budget

Italy posted better-than-expected quarterly growth on Monday, a surprise bump for new Prime Minister Giorgia Meloni that staves off -- for now -- an expected recession in Europe's third-largest economy.

Deal complete, Twitter-Musk litigants ask judge to dismiss suit

Attorneys in the saga over Elon Musk's Twitter takeover have asked a Delaware court to dismiss the litigation following the deal's closure, according to court documents released Monday.

Arrests after India bridge collapse kills more than 130

Nine people were arrested Monday in connection with the collapse of a pedestrian bridge in western India that killed at least 137 people, police said.

Bankrupt Sri Lanka's inflation dips to 66 percent

Inflation in crisis-hit Sri Lanka dipped marginally for the first time in 12 months but prices were still an eye-watering 66 percent higher than a year ago, official data showed Monday.

'Sharp' global labour market slowdown underway: UN

The war raging in Ukraine and other overlapping crises are taking a toll on labour markets worldwide, the UN said Monday, suggesting a "sharp" slowdown was already underway.

Gas crisis fears recede for now as Europe stockpiles

With prices falling and ports clogged with liquefied natural gas tankers, fears of a winter heating crisis in Europe have eased but experts are warning against complacency.

Japan govt spent $43 bn to bolster yen in October

Japan's finance ministry said Monday it spent $43 billion in October to bolster the value of the yen, which has tumbled against the dollar this year to lows not seen since the 1990s.

French govt slams 'eco-terrorism' as water protesters dig in

French protesters on Monday defied a massive police presence to try to stop an agriculture water storage project, as the government vowed to prevent any encampment and denounced "eco-terrorism".

Sawt Falasteen - Economy (English)