Sawt Falasteen - Economy

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Swiss central bank holds interest rates, with eye on currency risks

Switzerland's central bank left interest rates unchanged at zero percent on Thursday, a move widely expected by analysts, but said it was watching out for signs of upward pressure on the Swiss franc currency.

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.

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Swiss mining giant Glencore reveals merger talks with Rio Tinto

Swiss mining and commodity trading group Glencore said Friday it was in merger talks with British-Australian rival Rio Tinto to create a global resources giant.

Swiss mining giant Glencore in merger talks with Rio Tinto

Swiss mining and commodity trading giant Glencore said Friday it is in merger talks with British-Australian rival Rio Tinto.

Stocks mixed as traders await US jobs data, oil rebounds

Global stocks were mixed Thursday while oil prices bounced higher as markets looked ahead to key US employment data expected to influence monetary policy.

Aleppo clashes between Syria govt and Kurdish forces rage into third night

Clashes between Syrian government personnel and Kurdish forces raged into the night Thursday on the third day of fighting, as Syrian Kurdish leader Mazloum Abdi warned the violence undermined talks with Damascus.

Three ships head to US with Venezuela oil as capacity concerns grow

Three of 11 vessels chartered by Chevron were Thursday transporting oil from Venezuela to the US, according to an AFP analysis of ship-tracking data, as export sanctions raised concerns over the South American country's storage capacity.

French farmers rage against EU-Mercosur trade deal

Hundreds of French farmers protested in Paris Thursday after rolling into the capital on tractors, angry at a planned EU trade deal with South American bloc Mercosur they fear will create unfair competition.

Syria bombs Kurdish areas in city of Aleppo

Syria's military began heavy bombardment of Kurdish neighbourhoods in the city of Aleppo on Thursday after warning civilians to leave on a third day of fighting.

Stocks retrench as traders eye geopolitics, US jobs data

Stock markets pulled back Thursday as an early-year rally ran out of steam, with investors locking in profits ahead of the release of key US jobs data this week.

US trade gap shrinks to smallest since 2009 as imports fall

The US trade deficit made a sharp and unexpected pullback in October, reaching its lowest level since 2009 as goods imports dropped while President Donald Trump's tariffs took hold, government data showed Thursday.

Spain signs agreement with Church to compensate abuse victims

The Spanish government and the Catholic Church signed a landmark agreement Thursday to compensate victims of sexual abuse by clergy, aiming to settle what officials described as a "moral debt".

'Sign of life': defence boom lifts German factory orders

Factory orders in long-struggling Germany unexpectedly posted a sharp jump in November, boosted by higher demand for defence equipment as Europe rushes to rearm, official data showed Thursday.

Japan's Fast Retailing raises profit forecast after China growth

Japanese retail giant Fast Retailing lifted its 2025-26 annual net profit forecast on Thursday, buoyed by a strong performance in mainland China.

Equity markets mostly down as traders eye US jobs data

Equity markets mostly fell Thursday as the rally that has characterised the start of the year paused with investors looking ahead to the release of key US jobs data this week.

Dancing isn't enough: industry pushes for practical robots

Humanoid robots danced, somersaulted, dealt blackjack and played ping-pong at the Consumer Electronics Show this week, but some in the industry are impatient for them to become more useful, not just a promise of things to come.

Cambodia to liquidate bank founded by accused scam boss

A Cambodian bank founded by accused scam boss Chen Zhi, who has been indicted by the United States over multibillion-dollar fraud and extradited to China, was ordered liquidated Thursday, Cambodia's central bank said.

Farmers enter Paris on tractors in protest at trade deal

French farmers rolled into Paris on tractors Thursday morning in a show of dissent against a free trade deal they fear will create unfair competition.

Startups go public in litmus test for Chinese AI

Leading Chinese artificial intelligence startup Zhipu AI soared as it went public in Hong Kong on Thursday, a day before rival MiniMax also makes its market debut in a litmus test for the country's rapidly developing sector.

Asian markets mixed as traders eye US jobs data

Asian markets were mixed Thursday as the rally that has characterised the start of the year paused with investors looking ahead to the release of key US jobs data this week.

'One Battle After Another' leads SAG's Actor Awards noms with seven

Paul Thomas Anderson's politically charged "One Battle After Another" on Wednesday set a record for nominations for the Screen Actors Guild's influential Actor Awards with seven, staking its claim to Oscars frontrunner status.

US oil giant Chevron interested in Russian Lukoil's foreign assets: report

US oil giant Chevron and private equity firm Quantum Capital Group have partnered on a bid for sanctioned Russian oil company Lukoil's international assets, valued at $22 billion, the Financial Times reported Wednesday.

AI helps pave the way for self-driving cars

Even if Elon Musk's dream of robotaxis for everyone is a long way off, sleek electric cars powered by artificial intelligence packed the Consumer Electronics Show, promising to liberate people from the tedium of driving.

Oil wavers as Trump flags Venezuela shipments, US seizes tankers

Oil prices wavered Wednesday after President Donald Trump said Venezuela would turn over millions of barrels to the United States and seized a Russian-flagged oil tanker.

US private sector hiring rebounds in December but misses expectations

Hiring in the US private sector bounced back in December, data from payroll firm ADP showed on Wednesday, but the figure still missed analyst expectations as the employment market cools.

US attempts to seize Russia-flagged oil tanker in Atlantic

The United States has started an operation to seize a Russian-flagged oil tanker in the North Atlantic after it evaded a partial blockade around Venezuela, multiple US media said Wednesday.

Warner Bros rejects updated Paramount takeover bid, backs Netflix deal

The board of entertainment and news giant Warner Bros. Discovery (WBD) urged shareholders Wednesday to reject an updated takeover bid by rival Paramount, saying it is inferior to Netflix's offer.

'I don't': AI wedding vows fall foul of Dutch law

A Dutch court broke the hearts of a couple after ruling that their marriage, whose wedding vows were drafted with the help of artificial intelligence, was not valid.

Oil falls as Trump flags Venezuela shipments, stocks waver

Oil prices extended losses Wednesday after President Donald Trump said Venezuela would turn over millions of barrels to the United States, while equities wavered after a record-breaking start to the year.

Oil extends losses as Trump flags Venezuela shipments, stocks mixed

Oil extended losses Wednesday after Donald Trump said Venezuela would turn over millions of barrels to the United States, while equities were mixed after a record-breaking start to the year.

Nollywood meets Bollywood: filmmaker fuses Indian, Nigerian culture

The greeting "namaste" associated with yoga and the Pidgin word for trouble, "wahala", widely used across the world thanks to Afrobeats, speak to Indian and Nigerian influences on the English language.

US car market expected to moderate in 2026

Auto industry experts expect US car sales to moderate in 2026 after last year's churn of trade announcements and environmental policy changes spurred increased sales.

Strasbourg face pitfalls of multi-club system as Chelsea take Rosenior

The departure of Strasbourg coach Liam Rosenior to take over as Chelsea manager has exposed the harsh realities of multi-club ownership, which is gaining ground across the world but causing discord between supporters and teams.

Nvidia CEO praises robots as 'AI immigrants'

Nvidia chief executive Jensen Huang described robots as "AI immigrants" on Tuesday, arguing they could solve a global labor shortage that is hampering manufacturing.

Sawt Falasteen - Economy (English)