Sawt Falasteen - Economy

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Featured

NASA satellite rescue mission fails

A complicated mission to save a NASA satellite from burning up in the atmosphere has failed, the US space agency said Wednesday, as the rescue spacecraft could not be controlled.

Many US Fed policymakers back interest rate hikes if inflation stays high

Many US Federal Reserve policymakers believe that interest rate hikes will be necessary if inflation does not decline, minutes of their July meeting showed on Wednesday, firming up expectations of monetary policy tightening on the horizon.

Last news

What's at stake for Indian agriculture in Trump's trade deal?

Indian farmers have expressed concern that New Delhi has made too many concessions to Washington after the two countries brokered a new trade deal that would lower tariffs.

Pakistan's capital picks concrete over trees, angering residents

Pakistan's capital Islamabad was once known for its lush greenery, but the felling of trees across the city for infrastructure and military monuments has prompted local anger and even lawsuits.

Neglected killer: kala-azar disease surges in Kenya

For nearly a year, repeated misdiagnoses of the deadly kala-azar disease left 60-year-old Harada Hussein Abdirahman's health deteriorating, as an outbreak in Kenya's arid regions claimed a record number of lives.

Chile's climate summit chief to lead plastic pollution treaty talks

Countries on Saturday elected Chile's COP climate summit chief negotiator to drive forward stalled talks on striking a landmark global treaty tackling the scourge of plastic pollution.

Opinions of Zuckerberg hang over social media addiction trial jury selection

A jury has been confirmed in a landmark social media addiction trial in the US state of California, a process dominated by references to tech giant Meta's divisive founder Mark Zuckerberg.

Dow surges above 50,000 for first time as US stocks regain mojo

The Dow surged above 50,000 points for the first time Friday, shrugging off worries connected to artificial intelligence companies while traders focused on the prospects for US growth and Federal Reserve interest rate cuts.

Danone expands recall of infant formula batches in Europe

French food giant Danone recalled batches of infant formula in Britain, Spain, Croatia and Slovenia over the possible presence of a toxin, food safety authorities said on Friday, expanding the measure across Europe.

EU nations back chemical recycling for plastic bottles

European nations voted Friday to allow for chemical recycling to play a larger role in the production of plastic bottles, overcoming reservations about the energy-intensive technology.

Why bitcoin is losing its luster after stratospheric rise

Bitcoin, the world's biggest cryptocurrency, sank this week, wiping out gains sparked by Donald Trump's presidential election victory in November 2024.

Stellantis takes massive hit on 'overestimation' of EV demand

Jeep maker Stellantis warned Friday that it would take a 22 billion euro hit after a slower take up of electric vehicles than it expected, heaping pressure on its new chief executive to navigate a chaotic transition from combustion engines.

Stocks rebound though tech stocks still suffer

US and European stock markets recovered Friday following a tech stocks rout triggered by growing unease about the billions being spent on artificial intelligence.

Digital euro delay could leave Europe vulnerable, ECB warns

The European Central Bank urged the European Union on Friday to swiftly press ahead with adopting a digital euro, warning that delays would leave the continent reliant on foreign "big tech" players.

German exports to US plunge as tariffs exact heavy cost

German exports to the United States plunged in 2025 amid President Donald Trump's tariff blitz, driving down the trade surplus of Europe's top economy with the crucial US market to a four-year low, data showed Friday.

Stellantis takes massive hit for 'overestimation' of EV shift

Jeep maker Stellantis warned Friday that it would take a 22 billion euro hit after a slower takeup of electric vehicles than it expected, the latest sign that legacy automakers are struggling to navigate the shift away from combustion engines.

'Mona's Eyes': how an obscure French art historian swept the globe

French art historian Thomas Schlesser is still adapting to life as a best-selling global author having written one of the break-out hits of the last year in "Mona's Eyes".

In Dakar fishing village, surfing entices girls back to school

For generations, Seynabou Tall's ancestors have fished, dived and rowed off the coast of Dakar, where the 14-year-old, who quit school nearly four years ago, is now learning to surf.

Russian pensioners turn to soup kitchen as war economy stutters

Dishes clatter, steam bursts from large cooking pots and music is seeping through the bustling chatter of Russian pensioners, hunched over bowls of free meals in a Saint Petersburg soup kitchen.

Toyota names new CEO, hikes profit forecasts

Toyota has named a new CEO to "accelerate" decision-making, the Japanese auto giant said Friday as it hiked its profit and sales forecasts for the current fiscal year despite the impact of US tariffs.

Bangladesh Islamist leader seeks power in post-uprising vote

The leader of Bangladesh's largest Islamist party and prime ministerial hopeful Shafiqur Rahman has contested three elections and lost.

Japan to restart world's biggest nuclear plant

Japan will switch the world's largest nuclear power plant back on next week, after a glitch with an alarm forced the suspension of its first restart since the 2011 Fukushima disaster.

Undercover probe finds Australian pubs short-pouring beer

Australian undercover inspectors have found pubs fail to pour enough beer and other alcohol into customers' glasses for nearly a third of the drinks they serve.

New Zealand deputy PM defends claims colonisation good for Maori

New Zealand's deputy prime minister brushed off criticism on Friday of his claims that colonisation had been positive for the country's Indigenous population and labelled hecklers "muppets".

Carney scraps Canada EV sales mandate

Prime Minister Mark Carney on Thursday cancelled a mandate for all vehicles sold in Canada to be electric by 2035, while announcing a multi-billion-dollar plan to support EV production.

Record January window for transfers despite drop in spending

Football clubs worldwide set a new winter transfer window record in terms of the number of transactions completed, according to a statement released by FIFA on Thursday, but the overall amount spent was down compared to last year's high.

Mining giant Rio Tinto abandons Glencore merger bid

British-Australian miner Rio Tinto said Thursday that it was dropping talks to merge with smaller Swiss resources giant Glencore, a deal that would have created the world's largest mining firm.

Davos forum opens probe into CEO Brende's Epstein links

The World Economic Forum, which organises the Davos summit, said Thursday that it would conduct an independent review into its chief executive's interactions with convicted sex offender Jeffrey Epstein.

ECB warns of stronger euro impact, holds rates

The European Central Bank warned Thursday a stronger euro could push inflation down too far after recent gains in the single currency, but sought to downplay any immediate threat to the eurozone economy.

ECB holds interest rates as strong euro causes jitters

The European Central Bank held interest rates steady for its fifth straight meeting Thursday, saying the eurozone economy remained "resilient" despite mounting worries about the impact of a stronger euro.

What does Iran want from talks with the US?

Iran and the United States are holding talks on Friday in Oman, with Tehran pushing to focus squarely on its nuclear programme, while Washington's demands go beyond that.

Wind turbine maker Vestas sees record revenue in 2025

Denmark's Vestas, Europe’s leading wind turbine manufacturer, on Thursday posted an all-time high revenue, but noted that regulatory changes in the United states had made wind power investments less attractive.

Bitcoin under $70,000 for first time since Trump's election

Bitcoin, the world's biggest cryptocurrency, extended its price slump Thursday to trade under $70,000 for the first time since Donald Trump's presidential election victory in November 2024.

Germany claws back 59 mn euros from Amazon over price controls

Germany's competition watchdog ordered Amazon on Thursday to stop implementing price controls for retailers on its marketplace and told the US tech giant to return 59 million euros ($70 million) in what it deemed unfair gains.

Sawt Falasteen - Economy (English)