Sawt Falasteen - Economy

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Featured

Dollar slides as Trump eyes new Fed boss

The dollar slid Thursday as President Donald Trump lined up candidates to succeed Federal Reserve boss Jerome Powell, fuelling bets of cuts to US interest rates.

India recovers data from black boxes after deadly crash

Indian investigators have successfully retrieved data from the black boxes of a Boeing plane, after it crashed in one of the deadliest air disasters in decades, the government said Thursday.

Last news

Glenmorgan Investments On Track to Reach $7 Billion in Assets Under Management

Glenmorgan Investments, a leading global investment firm, is excited to announce record capital inflows across both institutional and retail sectors in the first six weeks of 2025.

Google shares slump but other AI gains lift US stocks

Wall Street stocks forged higher Wednesday, propelled by resurgent optimism about AI while oil prices tumbled on trade war uncertainty and bearish US petroleum inventory data.

Trump signs order barring trans athletes from women's sports

US President Donald Trump signed an executive order on Wednesday seeking to ban transgender athletes from participating in women's sports, in his latest move targeting transgender people since returning to office.

French PM survives no-confidence votes

French Prime Minister Francois Bayrou on Wednesday survived two no-confidence votes in parliament, winning some breathing space after less than two months in office but still facing an uncertain future.

Trump to sign order barring trans athletes from women's sports

US President Donald Trump will sign an executive order Wednesday barring transgender athletes from women's sports, in his latest move targeting transgender people since returning to office.

Google shares slump as trade tensions rattle markets

Shares in Google parent Alphabet slumped on Wednesday as its earnings disappointed investors and it was ensnared in rising trade tensions.

Hermoso pressured to downplay kiss, brother tells Spain court

Jenni Hermoso's brother on Wednesday told the forced kiss trial of Spain's ex-football federation chief Luis Rubiales his sister was threatened with "consequences" if she did not downplay the affair.

US Postal Service halts China suspension after stoking trade fear

The US Postal Service (USPS) said Wednesday it would continue accepting packages from China and Hong Kong, hours after an order to suspend shipments over President Donald Trump's new tariffs sparked fears of major trade disruptions.

Steel decline sparks protests and a movie in Belgium

Thousands of steelworkers took to the streets of Brussels on Wednesday to demand EU help for a sector whose decline is the subject of a documentary on show at Belgian cinemas.

Oscars frontrunner 'Emilia Perez' suffers awards season crash

Rarely has a film fallen from favour so quickly: after gaining a record number of Oscar nominations for a foreign-language movie, narco-musical "Emilia Perez" has become embroiled in scandal linked to past social media posts by star Karla Sofia Gascon.

Oil giants TotalEnergies, Equinor reduce low-carbon investments

French oil and gas giant TotalEnergies said Wednesday it would reduce its low-carbon energy investments while Norwegian peer Equinor scaled back its renewables ambitions as the companies reported sharp drops in annual profits.

Tokyo police bust alleged prostitution ring targeting tourists

Japanese police said they have arrested seven people suspected of running an illegal sex business that reportedly targeted tourists in Tokyo's busy red-light district.

Baltics to cut Soviet-era ties to Russian power grid

Baltic states Lithuania, Latvia and Estonia are to disconnect from the Russian power grid on Saturday, a politically-charged move that severs their Soviet-era energy ties with Moscow.

India's Modi takes ritual dip at Hindu mega-festival

India's Hindu nationalist Prime Minister Narendra Modi made a ritual river dip on Wednesday at the world's largest religious festival, a week after a stampede killed at least 30 pilgrims.

Nissan shares fall as reports say Honda merger talks off

Nissan shares plunged on Wednesday as media reports said the struggling Japanese carmaker was walking away from merger talks with rival Honda.

Toyota announces Lexus EV plant in Shanghai

Japan's Toyota said Wednesday it will build an electric vehicle plant in Shanghai for its luxury Lexus brand as it raised its annual net profit forecast to almost $30 billion.

Santander reports record profit for third straight year

Spanish banking giant Santander announced record annual profits for a third consecutive year on Wednesday as a strong commercial performance offset the impact of falling interest rates.

Nissan shares plunge as report says Honda merger talks off

Nissan shares plunged on Wednesday after Japan's Nikkei business daily said the carmaker had decided to withdraw from merger talks with rival Honda.

China holds out hope last-minute deal can avert US trade war

China's new tariffs on US imports like oil, coal and cars are relatively modest in scale, suggesting that Beijing is hoping for a last-minute deal but also giving them the option to inflict more pain if needed, analysts say.

Race against time to complete contested Milan-Cortina bobsleigh track

With a year to go until the start of the Milan-Cortina Winter Olympics, organisers are racing against time to ensure the sliding events are held in Italy and not moved over 6,000 kilometres away to Lake Placid.

French PM set to survive no confidence vote

French Prime Minister Francois Bayrou is expected on Wednesday to survive a no-confidence vote in parliament, winning some breathing space after less than two months in office but by no means ensuring his long-term future.

Google shares slide on spending plans despite sales jump

Google's parent company Alphabet on Tuesday reported revenue jumped in the recently-ended quarter, but shares sank on concerns it may be pouring too much money into artificial intelligence.

Honda shares jump on reports it wants Nissan as subsidiary

Honda shares surged in Tokyo on Wednesday as Japanese media said the automaker had proposed making its struggling rival Nissan a subsidiary -- with some reports saying the move could spell the end of their merger talks.

US Treasury says Musk team has 'read-only' access to payments data

The US Treasury said Tuesday that Elon Musk's government reform team can read data from its highly sensitive payment system but not alter it, after Democratic lawmakers raised the alarm over the move and called for an investigation.

What Elon Musk's Twitter tactics may bode for US government

As Elon Musk and his aides take control of the US Treasury's payments system, the drastic job cuts and other shake-ups he instituted on buying Twitter may offer a preview of what government workers can expect.

Australia bans DeepSeek AI program on govt devices

Australia has banned DeepSeek from all government devices as it seeks to block "an unacceptable level of security risk" presented by China's breakout artificial intelligence program, according to an official order Tuesday.

Amid Trump trade tensions, WTO remains crippled arbiter

While US President Donald Trump unleashes trade wars and tariffs, the system for settling such disputes within the World Trade Organization has been paralysed for years -- by the United States.

Despite tariff reprieve Canadians worry 'damage already done' to US ties

The trade war may be on hold, but in a Canadian border city where the unhindered flow of auto parts across the bridge to Detroit supports thousands of jobs, the future remains uncertain.

Ferrari races to another record-breaking year, e-model set for Oct. 9

Italian luxury carmaker Ferrari posted another set of record results on Tuesday, with net profit surging to more than 1.5 billion euros last year.

De la Fuente says 'unaware' of forced kiss scandal backlash

Spain coach Luis de la Fuente on Tuesday told the forced kiss trial of ex-football federation chief Luis Rubiales that he initially knew nothing of the scandal's scale or efforts to silence it.

Ordinary Chinese stoic in the face of escalating US trade war

After China announced retaliatory tariffs against the United States, walkers along Shanghai's waterfront were stoic Tuesday in face of both the cold and the prospect of an escalating trade war.

AI regulation around the world

Countries and economic blocs around the world are at different stages of regulating artificial intelligence, from a relative "Wild West" in the United States to highly complex rules in the European Union.

Sawt Falasteen - Economy (English)