Sawt Falasteen - Economy

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Featured

US Fed governor to resign early at critical time for central bank

US Federal Reserve governor Adriana Kugler is resigning from her position, the central bank said Friday, opening a vacancy that President Donald Trump can fill as he presses his campaign to drop interest rates.

Trump orders firing of US official as cracks emerge in jobs market

President Donald Trump said Friday he has ordered the firing of a key economic official, accusing her of manipulating employment data for political reasons after a new report showed cracks emerging in the US jobs market.

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Trump says Indonesia to face 19% tariff under trade deal

President Donald Trump said Tuesday that he had struck a trade pact with Indonesia resulting in a lower US tariff on the country's goods than earlier threatened, alongside better market access.

French PM proposes cutting national holidays to cut debt

Prime Minister Francois Bayrou said Tuesday he wanted to reduce the number of public holidays in France as part of a bid to tackle what he called the "curse" of his country's debt.

Tackling debt 'curse', France wants to slash holidays

France's Prime Minister Francois Bayrou said Tuesday he wanted to reduce the number of public holidays as part of an urgent plan to tackle what he called the "curse" of his country's debt.

Stock markets dip as US inflation puts focus on Trump's tariffs

Most US and European share indices slid on Tuesday, as US inflation data indicated President Donald Trump's tariffs could be feeding into the American economy.

US banks see lower recession risk despite tariff fog

Large US banks reported results that topped estimates Tuesday as executives pointed to American economic resilience and said businesses were adapting to tariff uncertainty.

Fallen Austrian tycoon Benko charged with fraud

Austrian tycoon Rene Benko has been charged with fraud as part of a wide-ranging probe into the insolvency of his real estate empire, prosecutors said Tuesday.

Las Vegas Sands makes $8 bn Singapore bet with resort expansion

Casino operator Las Vegas Sands broke ground Tuesday on a new $8 billion project to expand its iconic Marina Bay Sands resort in Singapore, in a major bet on the city-state's tourism market.

Stock markets gain, dollar dips before US inflation

Stock markets mostly gained and the dollar eased Tuesday ahead of key US inflation data, and after Chinese economic growth data met expectations.

Tesla marks India entry with first showroom

Tesla unveiled its first showroom in India on Tuesday, marking its entry into the world's most populous country, as Elon Musk's electric vehicle company seeks new customers amid sagging sales in the United States and Europe.

Ukraine covers frontline roads with anti-drone nets

A ravaged car with its engine destroyed and doors riddled with shrapnel lay on the side of the road near Dobropillia, a sleepy town not far from the front line in eastern Ukraine.

Markets mostly rise as China's economy meets forecasts

Most markets rose Tuesday as data showed China's economic growth met expectations, while optimism that governments will hammer out deals to avoid the worst of Donald Trump's tariff threats provided support.

Skidding Nissan to halt production at Japanese plant

Struggling auto giant Nissan said Tuesday it will stop production at its plant at Oppama in Japan at the end of its 2027 fiscal year.

Ivory Coast farmers hope tech tempts jaded youth back to fields

Stopwatch in hand, dozens of Ivory Coast students raced against the clock to design robots for the farms of the future in the world's top cocoa-producing nation.

Hong Kong leader backs same-sex couples' rights bill

Hong Kong leader John Lee threw his weight behind a bill recognising limited rights for same-sex couples on Tuesday, despite fears that opposition from pro-Beijing parties could sink it.

Nvidia says it will resume sales of 'H20' AI chips to China

US tech giant Nvidia said on Tuesday it will resume sales of its H20 artificial intelligence chips to China, after Washington pledged to remove licensing curbs that had put a stop to exports.

Asian markets mixed as China's economy meets forecasts

Markets were mixed Tuesday as positive Chinese economic data was offset by weak consumer spending, while optimism that governments will hammer out deals to avoid the worst of Donald Trump's tariff threats provided support.

Pentagon inks contracts for Musk's xAI, competitors

The Pentagon announced contracts on Monday with multiple leading US artificial intelligence firms including Elon Musk's xAI, which has faced intense scrutiny in recent days over anti-Semitic posts by its Grok chatbot.

Tech giants scramble to meet AI's looming energy crisis

The artificial intelligence industry is scrambling to reduce its massive energy consumption through better cooling systems, more efficient computer chips, and smarter programming -- all while AI usage explodes worldwide.

Formerra to Supply Foster Medical Compounds Across the Americas

Following GEON's acquisition of Foster, LLC, this new agreement expands Formerra's healthcare polymer portfolio with life-saving medical compounds.

US House set to vote on landmark crypto bills this week

US lawmakers are on the verge of passing landmark legislation that will give the much-maligned crypto world much-wanted legitimacy, riding on President Donald Trump's recent embrace of the industry.

You're a TV star, Harry: Potter series to debut in 2027

Filming has begun on a Harry Potter TV series that will debut in 2027, bringing the Hollywood hit to the small screen for the first time.

Syrian forces advance on Sweida as Druze leader says truce talks underway

Syrian government forces were advancing towards the southern city of Sweida on Monday to quell deadly clashes between Druze fighters and Bedouin tribes, with one Druze armed group saying talks with authorities aimed at brokering a truce were underway.

EU still seeks Trump trade deal -- but readies retaliation

The EU on Monday moved to firm up possible retaliation if US President Donald Trump hits the bloc with 30-percent tariffs, while insisting it was still looking to clinch a deal by August 1.

LVMH Italian fashion house Loro Piana put under court administration

Italian fashion house Loro Piana, owned by French giant LVMH, has been placed under court administration for allegedly facilitating the exploitation of workers by subcontractors, police and a company source said Monday.

Researchers redesign vaginal speculum to ease fear and pain

It is cold, hard, metallic and commonly associated with pain. Not a mediaeval torture instrument, but the vaginal speculum used every day around the world for essential gynaecological exams.

European markets drop after Trump's latest tariff warning

European markets mostly fell Monday while Asia was mixed as investors digested Donald Trump's latest trade war salvos that saw him threaten to hit the European Union and Mexico with 30 percent tariffs.

China exports beat forecasts in June after US tariff truce

China's exports rose more than expected in June, official data showed Monday, after Washington and Beijing agreed a tentative deal to lower swingeing tariffs on each other.

China exports soared in June, beating forecasts: official data

China's exports jumped in June, official data showed Monday, beating forecasts in a month when Washington and Beijing agreed a tentative deal to lower swingeing tariffs on each other.

'Las Vegas in Laos': the riverside city awash with crime

Rising from the muddy fields on the Mekong riverbank in Laos, a lotus tops a casino in a sprawling city which analysts decry as a centre for cybercrime.

Tesla to offer shareholders chance to invest in xAI: Musk

Tesla will give its shareholders the option to invest in artificial intelligence startup xAI, billionaire owner of both companies Elon Musk said on his social media platform X.

EU ministers weigh response to latest Trump tariff threat

EU ministers on Monday will debate the bloc's approach to trade talks with the United States, as Brussels scrambles to head off 30-percent tariffs threatened by President Donald Trump.

US conducts military exercises at Panama Canal

The United States military teamed with Panamanian police to conduct a series of new exercises aimed at protecting the Panama Canal, amid tensions over alleged Chinese influence along the prized trade route.

Sawt Falasteen - Economy (English)