Sawt Falasteen - Economy

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With inflation under control, ECB holds rates steady again

The European Central Bank kept interest rates unchanged Thursday but warned of an "uncertain" economic outlook amid trade disputes and geopolitical tensions.

Nissan says expects $1.8 bn operational loss in 2025-26

Struggling Japanese carmaker Nissan said it expected to suffer an operating loss of 275 billion ($1.8 billion) in its fiscal year that ends in March as it faces further economic headwinds.

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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.

China sanctions five US units of South Korean ship giant Hanwha

China imposed sanctions on five American subsidiaries of South Korean shipbuilder Hanwha Ocean on Tuesday, accusing them of supporting a US government investigation into the shipping industry, as tit-for-tat port fees took effect.

$Sting finds fractured modern music scene 'quite odd'$

Sting finds fractured modern music scene 'quite odd'

British singer-songwriting legend Sting finds the multiple genres and streaming platforms of the modern music scene "quite odd", but still believes in the power of song to unite people.

Purrno Noir? New Zealand company sells non-alcoholic wine for pets

After a long day patrolling the neighbourhood or protecting the house, pets in New Zealand have a new way to unwind -- non-alcoholic wine.

Asian stocks pare tariff-led losses, Tokyo hit by political turmoil

Most Asian stocks rose Tuesday, tracking a rally on Wall Street, after Donald Trump tempered his rhetoric against China, which he has threatened with 100 percent tariffs, while Tokyo struggled amid Japanese political turmoil.

After uprising, Nepal's Gen Z rush to register to vote

In Nepal's capital, young would-be voters line up enthusiastically to register for the first elections since deadly anti-corruption protests toppled the government, the worst unrest in decades.

Black gold, green promises: Brazil's climate paradox

Can oil, the climate villain, be used to pay for its own demise?

Madagascar's cornered president ignores calls to resign

Madagascar's embattled President Andry Rajoelina said Monday he was sheltering in a "safe place" following an attempt on his life, ignoring calls to resign after spiralling unrest that has forced him into hiding.

Sawt Falasteen - Economy (English)