Sawt Falasteen - Economy

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Featured

Bank of England follows Fed in holding interest rate

The Bank of England held its benchmark interest rate at 3.75 percent Thursday, opting against an increase despite elevated inflation after the US-Iran war pushed up energy prices.

German chemical company to cut 3,200 jobs as crisis worsens

German chemical company Evonik said Thursday that it would cut 3,200 jobs, or around 10 percent of its workforce, by 2029 as a crisis battering the energy-intensive industry accelerates.

Last news

US Fed chief warns of 'intimidation' after criminal subpoenas

US prosecutors have opened an inquiry threatening a "criminal indictment" against the Federal Reserve, its chairman Jerome Powell revealed, denouncing new "threats and ongoing pressure" from the administration of President Donald Trump.

Japan aims to dig deep-sea rare earths to reduce China dependence

A Japanese research vessel on Monday began a historic voyage to attempt to dig deep-sea rare earths at a depth of 6,000 metres to curb dependence on China.

Bangladesh's powerful Islamists prepare for elections

After years of repression, Bangladesh's Islamist groups are mobilising ahead of February 12 elections, determined to gain a foothold in government as they sense their biggest opportunity in decades.

Asian equities edge up, dollar slides as US Fed Reserve subpoenaed

Asian equities posted gains Monday while the dollar dipped as investors digested news that the US Justice Department subpoenaed the Federal Reserve, raising fears over US central bank independence.

Powell says Federal Reserve subpoenaed by US Justice Department

Federal Reserve Chairman Jerome Powell said Sunday that the central bank had been subpoenaed by the US Justice Department, blasting the move as part of President Donald Trump's extraordinary pressure campaign on US monetary policy decisions.

Turning point? Canada's tumultuous relationship with China

Canadian Prime Minister Mark Carney will head to Beijing on Tuesday to meet with Chinese leader Xi Jinping, hoping for closer ties as he looks to reduce his country's dependence on the United States.

Meta urges Australia to change teen social media ban

Tech giant Meta urged Australia on Monday to rethink its world-first social media ban for under-16s, while reporting that it has blocked more than 544,000 accounts under the new law.

Iran rights group warns of 'mass killing', govt calls counter-protests

Iranian authorities have committed a "mass killing" in cracking down on the biggest protests against the Islamic republic in years, a rights group said Sunday, as the government ordered counter-rallies in a bid to regain the initiative.

Kyiv shivers without heat, but battles on

Braving sub-zero temperatures, her heat cut off by Russian strikes on Kyiv, Natalia has to go to special tents set up in the Ukrainian capital to get warm -- but has no plans of leaving.

Malaysia suspends access to Musk's Grok AI: regulator

Malaysia suspended access to Elon Musk's chatbot Grok over AI-generated pornographic content, the country's tech regulator said on Sunday.

Venezuelans await release of more political prisoners, Maduro 'doing well'

Venezuelans were waiting for more political prisoners to be released on Sunday, as ousted president Nicolas Maduro defiantly claimed from his US jail cell that he is "doing fine" after being seized by US forces a week ago.

New York's Chrysler Building, an art deco jewel, seeks new owner

The future of the Chrysler Building, a unique monument to art deco architecture on the Manhattan skyline, remains in limbo as it awaits a possible sale.

Thousands of Irish, French farmers protest EU-Mercosur trade deal

Thousands of farmers in Ireland and France protested Saturday against the European Union's trade deal with the South American bloc Mercosur, a day after EU states approved the treaty despite opposition from some members.

Venezuela loyalists to rally one week after Maduro's capture

Supporters of Venezuela's deposed leader Nicolas Maduro geared up for a mass protest Saturday to mark one week since his dramatic capture by US forces.

South Africa defends naval drills with Iran, Russia as 'essential'

South Africa on Saturday began naval drills with Russia, Iran and China, describing the manoeuvres off its coast as not merely a show of force but a vital response to rising maritime tensions.

Chinese villagers struggle for heat as gas subsidies fade

Almost a decade after China began curbing coal burning to stop thick winter smog, villagers in northern Hebei province are struggling to afford their heating bills with most gas subsidies now phased out.

Trump pitches Venezuela oil to US majors - and hits skepticism

US President Donald Trump pressed top oil executives Friday to invest in Venezuela's vast reserves, but was met with a cautious reception -- with one major CEO dismissing the country as "uninvestable" without sweeping reforms.

Stocks shrug off mixed US jobs data to advance

Stock markets advanced Friday despite mixed US jobs data and as traders awaited a possible Supreme Court ruling on US President Donald Trump's sweeping global tariffs.

Stocks rise despite mixed US jobs data

Stock markets advanced Friday despite mixed US jobs data and as traders awaited a possible Supreme Court ruling on US President Donald Trump's sweeping global tariffs.

US December hiring misses expectations, capping weak 2025

The United States added fewer jobs than expected in December, government data showed Friday, capping the labor market's weakest year since the Covid-19 pandemic amid growing concerns about hiring.

EU countries override France to greenlight Mercosur trade deal

The EU gave Friday a long-delayed go ahead to a huge trade deal with South American bloc Mercosur championed by business groups but loathed by many European farmers -- overriding opposition led by France.

Stocks rise ahead of US jobs data and key tariffs ruling

Stock markets advanced Friday as traders awaited the release of crucial US jobs data and a possible Supreme Court ruling on US President Donald Trump's sweeping global tariffs.

Germany factory output jumps but exports disappoint

German industrial production unexpectedly jumped in November but exports fell heavily, data showed Friday, offering a mixed picture for Europe's struggling top economy.

Defiant Khamenei insists 'won't back down' in face of Iran protests

Iran's supreme leader Ayatollah Ali Khamenei on Friday insisted that the Islamic republic would "not back down" in the face of protests after the biggest rallies yet in an almost two week movement sparked by anger over the rising cost of living.

Trump says US oil pledged $100 bn for Venezuela ahead of White House meeting

US President Donald Trump said Friday the world’s biggest oil companies pledged to invest $100 billion to revive Venezuela's oil sector as he prepared for a meeting with top industry executives.

Iran rocked by night of protests despite internet blackout: videos

Iranians staged their biggest protests yet of an almost two week movement sparked by anger over the rising cost of living, chanting slogans including "death to the dictator" and setting fire to official buildings, videos showed Friday.

Asian stocks mixed ahead of US jobs, Supreme Court ruling

Asian markets were mixed Friday after a two-day stutter as traders look ahead to the release of crucial US jobs data and a possible Supreme Court ruling on Donald Trump's sweeping global tariffs.

Crunch time for EU's long-stalled Mercosur trade deal

The EU is expected Friday to give a long-delayed go ahead to a huge trade deal with South American bloc Mercosur championed by business groups but loathed by many European farmers.

Asian stocks rally ahead of US jobs, Supreme Court ruling

Asian markets rose Friday after a two-day stutter as traders look ahead to the release of crucial US jobs data and a possible Supreme Court ruling on Donald Trump's sweeping global tariffs.

Vietnam shrugs off Trump tariffs as US exports surge

Over the whine of buzzsaws and the steady whir of sanders, hundreds of Vietnamese workers in a factory outside Ho Chi Minh City hustle to fill orders for high-end furniture.

Ex-delivery driver gives voice to China's precarious gig workers

A few years ago, Hu Anyan was speeding through the streets of Beijing on a three-wheel motorbike loaded with packages, one of millions of delivery drivers working for China's online retail giants.

Protesters, US law enforcers clash after immigration agent kills woman

Protesters clashed with law enforcement in Minneapolis Thursday after the fatal shooting of a US woman further deepened the divide over President Donald Trump’s deployment of federal forces to crackdown on illegal immigration.

Sawt Falasteen - Economy (English)