Sawt Falasteen - Economy

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Featured

Mexico's Indigenous chief justice hits back at discrimination

Mexico's Supreme Court chief justice told AFP he faces discrimination on a daily basis over his Indigenous roots.

Taliban govt to mark five years ruling Afghanistan

The Taliban government celebrates five years of ruling Afghanistan on Saturday, with the authorities hailing their country's "freedom" and security, while critics decry tightening restrictions in all areas of daily life.

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Profits soar at Airbus as it delivers more planes

Airbus said Wednesday its net profit soared 47 percent in the first half of the year thanks to increased delivery of aircraft as well as higher sales by its defence unit.

OpenAI says rogue AI agent attack hit other companies

ChatGPT maker OpenAI has revealed that an autonomous artificial intelligence agent which hacked a popular platform for computer programmers also attempted to breach four other companies during the incident.

Rheinmetall shares surge after armsmaker reports record profit

German weapons manufacturer Rheinmetall on Wednesday reported record second-quarter core profit, beating analyst expectations, sending shares in the firm up almost nine percent.

UBS second-quarter net profit up 17% to $2.8 billion

Swiss banking giant UBS reported Wednesday that net profit rose 17 percent to $2.8 billion in the second quarter, driven by investment banking.

FIFA hit by furious backlash over plans to sell stake in competitions

There was a furious backlash on Wednesday to FIFA's controversial plans to sell a stake in the business operations of the World Cup and its other competitions through the creation of a private subsidiary.

TRX Spot and Perpetuals Listing Launches on Backpack, Expanding Access to the TRON Ecosystem

TRON DAO, the community-governed DAO dedicated to accelerating the decentralization of the internet through blockchain technology and decentralized applications (dApps), today announced the listing of TRX spot trading and perpetual contracts on Backpack Exchange. The listing expands market support and access to the native utility token of the TRON network, one of the industry's most actively used blockchain ecosystems.

MEXC Integrates World-Check to Fortify Institutional Grade Compliance Architecture

“In a rapidly maturing digital asset market, relying on fragmented risk data is a critical vulnerability. Building a resilient ecosystem demands institutional-grade intelligence.”

Tech stocks plunge further but London market hits record high

Global stock markets largely retreated Wednesday, with South Korea's index suffering one of its steepest plunges as investors further unwound bets on the AI boom.

FIFA's plans to sell $4.2bn stake in its tournaments widely criticised

CONCACAF followed UEFA on Wednesday by criticising FIFA's controversial plans to sell a stake in the business operations of the World Cup and its other competitions through the creation of a semi-private subsidiary.

Russia seeks arrest of Telegram chief Durov

Russia announced on Wednesday that it was seeking the arrest of Telegram founder Pavel Durov over accusations of "complicity in terrorism", alleging he had let the platform be used for recruitment by Ukraine's security services.

BMW aims to cut 8,000 jobs by end 2027: company source

Premium carmaker BMW is to offer almost half its German staff voluntary redundancy in a bid to cut 8,000 jobs by the end of 2027, a company source told AFP Wednesday.

South Korean stocks plunge as tech rout deepens, oil rises

South Korean stocks suffered one of their steepest plunges on Wednesday, with the blood-letting that has battered chip firms over the past month deepening as nervous investors unwound their bets on the AI boom.

On London streets, homeless wary at PM's vow to end rough sleeping

In a small square in central London, Kevin was hawking copies of the Big Issue, a charitable magazine sold by homeless street vendors.

UBS says second-quarter net profit up 17% to $2.8 billion

Swiss banking giant UBS reported Wednesday that net profit rose 17 percent to $2.8 billion in the second quarter, driven by its investment banking arm.

South Korean stocks collapse amid Asian tech rout

South Korean stocks suffered one of their steepest plunges Wednesday, with the blood-letting that has battered chip firms over the past month deepening as nervous investors unwound their bets on the AI boom.

Crude jumps on fresh Mideast flare-up, tech rout deepens

Oil prices spiked Wednesday after a fresh flare-up of fighting in the Middle East that revived fears over supplies through the Strait of Hormuz, while chip firms continued to bleed as nervous investors unwound their bets on the AI boom.

SK hynix posts 1,200% net profit boost on AI chip boom

South Korea's SK hynix said Wednesday second-quarter net profit soared a whopping 1,242 percent year-on-year, driven by the artificial intelligence industry's explosive demand for its advanced memory chips.

Senate advances sweeping Russia sanctions bill

The US Senate advanced sweeping sanctions legislation targeting Russia's energy revenues Tuesday, as Ukrainian President Volodymyr Zelensky visited Washington to press for stronger action against Moscow.

US government bans humanoid robots manufactured abroad

US President Donald Trump's administration on Tuesday added humanoid and quadruped robots to a list of products and companies that are banned from being imported into the United States on national security grounds.

Mixed day for global stocks but oil prices fall along with chip shares

Wall Street stocks mostly rose Tuesday behind solid earnings and a pullback in oil prices, offsetting weakness in chip shares and in Asian equity markets.

Spain lets wildfire evacuees return but France fears flames spreading

Spanish residents forced to flee some of the worst wildfires in living memory began returning to their homes on Tuesday but thousands more were ordered to leave in France over fears that a looming heatwave would prevent containment of fires that have ripped through the country's southwest.

AI glasses help propel EssilorLuxottica sales growth

Sales of AI-enabled eyeglasses, which have nearly doubled since last year, helped EssilorLuxottica accelerate second-quarter growth, the world's largest maker of eyeglasses reported Tuesday.

GSJJ Launches ESG-Certified Custom Challenge Coins and Pin Badges

GSJJ today announced the launch of a new product line of Custom Challenge Coins and Custom Pin Badges designed to support corporate recognition programs and employee retention initiatives in 2026, integrating defined production methods, tiered material options, environmentally certified materials, and coordinated display and packaging solutions.

Airbus completes record 24-hour flight with plane to be used by Qantas

A specially modified Airbus A350 plane touched down in France Tuesday after a record 24-hour test flight from Australia, ahead of it joining Qantas's fleet next year.

Kering sales begin to recover as Gucci improves

Improvement at troubled Italian fashion house Gucci helped sales at Kering edge high in the second quarter, the French luxury group said Tuesday.

FIFA says it hopes to sell $4.2bn stake in its tournaments

FIFA said Tuesday it plans to sell a stake in the business operations of the World Cup and its other competitions through the creation of a semi-private subsidiary.

US Fed begins meeting with markets expecting steady interest rates

The US Federal Reserve's key rate-setting committee opened a two-day meeting on Tuesday, with policymakers expected to hold rates steady amid growing concern over Iran war-fuelled inflation.

Synsira Launches Kind Local Pro with 100% On-Device AI

Operating entirely offline, Kind Local Pro gives individuals local data sovereignty without sacrificing AI performance

British drugs group GSK targets savings after profits slide

British pharmaceutical giant GSK on Tuesday said it was targeting future annual savings of £1.9 billion ($2.5 billion) after bottom-line profits tumbled in the second quarter.

Boeing reports loss on Air Force One but sees progress in turnaround

Boeing reported a bigger-than-expected loss Tuesday fuelled by $280 million in additional costs in outfitting two US presidential planes, but said broad-based revenue growth showed progress after several troubled years.

Tech stocks tank on AI jitters, oil falls further

A rout in tech stocks dragged down Asian markets Tuesday on fresh concerns over the AI boom, while European equities held up as oil prices extended losses.

Mercedes CEO urges German 'productivity offensive' as China woes hit profit

Germany needs to cut costs and boost productivity, Mercedes-Benz boss Ola Kaellenius demanded Tuesday as he presented second-quarter profit hit by fierce competition in China.

Sawt Falasteen - Economy (English)