Sawt Falasteen - Economy

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Featured

US media mogul John Malone to step down as head of business empire

Billionaire media and telecoms tycoon John Malone will step down as chairman of his multinational companies Liberty Global and Liberty Media after decades influencing the global communications landscape, the businesses announced Wednesday.

France adopts consent-based rape law

French lawmkers on Wednesday adopted a bill defining rape as any non-consensual sexual act, making the country the latest European nation to pass a consent-based law.

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One year on, Italian migrant camps in Albania near-empty

One year after Italy opened migrant camps in Albania intended to hold people intercepted at sea, the legally contested centres lie almost empty.

AI boom delivers record net profit for Taiwan's TSMC

Taiwanese tech titan TSMC reported Thursday a forecast-busting record net profit for the third quarter on skyrocketing demand for microchips used to power iPhones and artificial intelligence.

Nestle says to cut 16,000 jobs worldwide over next two years

Nestle, the Swiss food giant whose brands include Nespresso coffee and Perrier water, will eliminate 16,000 jobs worldwide over the next two years, its new chief executive said on Thursday.

Asia stocks rise as traders weigh China-US row, rate cut hopes

Asian equities edged up Thursday as investors weighed the latest volleys in the China-US trade war and expectations that the Federal Reserve will continue cutting interest rates this year.

United sees demand 'strengthening' as profits edge lower

United Airlines reported a slight dip in profits Wednesday as operating expenses ticked higher, adding that a strengthening demand outlook would boost fourth-quarter results.

Syria won't wait for global community to reform economy: Finance Minister

Syria is in a hurry to rebuild its war-torn economy and will not wait for the international community to begin making those changes, the country's finance minister said Wednesday.

US says working on new $20 bn 'facility' for Argentina

US Treasury Secretary Scott Bessent on Wednesday said he was working to help corral the private sector around a new $20 billion "facility" to support Argentina's embattled economy.

Dutch tech giant ASML posts stable profits, warns on China

Dutch tech giant ASML warned Wednesday of a steep fall in its China business next year, as it booked flat net profits in the third quarter of 2025 compared to the same period last year.

Canada fears for auto jobs after Stellantis announces US investment

Canadian leaders said Wednesday that Jeep-maker Stellantis's decision to invest $13 billion in the United States threatens Canadian jobs, urging action to counter what they called another casualty of President Donald Trump's trade war.

Greece weighs disputed 13-hour workday reform

Greece's parliament on Wednesday debated a controversial reform proposed by the conservative government, which would allow 13-hour workdays under exceptional circumstances, drawing fire from unions and opposition parties.

'Absolutely critical' to boost growth in Europe: IMF official

It is absolutely critical for European countries to boost growth and productivity to catch up with the United States, a senior IMF official told AFP, calling on policymakers to make "smarter" spending choices.

Huge telecom takeover bid raising alarms in France is rejected

French telecom firm SFR on Wednesday rejected a buyout bid by three rivals, as the government and labour unions warned the deal could harm consumers and employees.

Stocks rise on US rate cut hopes, strong company earnings

Stocks mostly rose and the dollar retreated Wednesday on hopes for further US interest rate cuts and a solid set of company earnings.

Markets rally, dollar weakens as Fed cut hopes trump trade war fears

Stocks jumped and the dollar retreated Wednesday as trade war fears were overshadowed by comments from Federal Reserve boss Jerome Powell that suggested the bank would cut interest rates again this month.

Kenyan opposition leader Raila Odinga dies in India

Kenyan opposition leader Raila Odinga has died at the age of 80 during a health visit to India, local police said Wednesday -- a political earthquake that could transform politics in the East African nation.

US Supreme Court to hear pivotal minority voting rights case

The US Supreme Court hears a case involving Black voters on Wednesday that could have lasting repercussions on whether Democrats or Republicans control the House of Representatives.

Dutch tech giant ASML posts stable profits, warns on China sales

Dutch tech giant ASML warned Wednesday of a steep fall in its China business next year, as it booked flat net profits in the third quarter of 2025 compared with the same quarter last year.

Dutch tech giant ASML: China sales to dip 'signficantly' in 2026

Dutch tech giant ASML said on Wednesday it expected its sales in China to fall significantly next year, as it booked flat net profits in the third quarter of 2025 compared with the same quarter last year.

China consumer spending falls as pressure on economy builds

China's consumer prices continued to fall last month, with official data highlighting the battle leaders face in trying to kickstart domestic spending in the world's number two economy while fighting a trade war with the United States.

Asian markets rally as Fed cut hopes trump trade war fears

Stocks jumped Wednesday as trade war fears were overshadowed by comments from Federal Reserve boss Jerome Powell that suggested the bank would cut interest rates again this month.

Mixed day for global stocks amid trade angst, Powell comments

European and US stock markets fell before recovering somewhat as markets weighed trade tensions between Beijing and Washington and digested fresh Federal Reserve commentary.

Brazil, other nations agree to quadruple sustainable fuels

Brazil, India, Italy and Japan vowed Tuesday to quadruple their production and consumption of renewable fuels, hoping other countries will join the pledge during UN climate talks in November.

Trump threatens to end cooking oil purchases from China

US President Donald Trump slammed China's halt of American soybean purchases as an "economically hostile act," warning Tuesday that his country could in turn stop buying cooking oil from the world's second-biggest economy.

Strong dealmaking boosts profits at US banking giants

Robust dealmaking activity and strong trading results helped boost US bank earnings Tuesday despite lingering worries about a softening job market and a potentially overvalued stock market.

French telecoms join forces to break up embattled SFR

Three of France's main telecom groups said Tuesday they lodged a joint bid for SFR, a debt-laden rival struggling to keep up in an increasingly competitive market.

Myanmar scam centres booming despite crackdown, using Musk's Starlink: AFP investigation

Scam centres in Myanmar blamed for swindling billions from victims across the world are expanding fast just months after a crackdown that was supposed to eradicate them, an AFP investigation has found.

China, EU stand firm on shipping emission deal despite US threats

China, the European Union and several other members of the International Maritime Organization reaffirmed their support on Tuesday for ambitious plans to cut shipping emissions, despite US threats.

Celebrated soul musician D'Angelo dead at 51: US media

Celebrated soul musician D'Angelo has died at the age of 51 after battling pancreatic cancer, several US media outlets reported Tuesday.

US Fed chair flags concern about sharp slowdown in job creation

US Federal Reserve Chair Jerome Powell warned Tuesday that risks to employment had risen in recent months, noting there had been a sharp slowdown of job creation in the world's leading economy.

Chipmaker Nexperia says banned from exporting from China

Chipmaker Nexperia said Tuesday the Chinese government had banned it from exporting goods from China, after Dutch authorities seized control of the Netherlands-based firm citing management concerns.

Europe's economic integration 'insufficient': IMF chief economist

The EU's attempts to integrate the economies of its 27 member states have been insufficient to boost lackluster growth, the IMF's chief economist said in an interview.

At secluded German airport, researchers tackle tricky drone defence

Once holidaymakers took off from here, but today an ex-Soviet airfield is a testing ground for ways to take down the drones increasingly buzzing through German skies.

Sawt Falasteen - Economy (English)