Sawt Falasteen - Economy

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Featured

7-Eleven exits India amid mounting competition

All 7-Eleven convenience stores in India shut down in September, according to its Japanese parent company on Tuesday, as media reported the retail giant struggled to compete with local rivals.

German factory orders plunge as recovery still fragile

German factory orders fell faster than expected in August, official data showed Tuesday, underscoring the fragility of a recovery in Europe's biggest economy.

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Iran war sends prices in next door Turkmenistan soaring

At a market in Turkmenistan's capital Ashgabat, pensioner Shemshat Kurbanova always used to pick the "juiciest" Iranian fruit -- but 10 days of war across the border have sent prices soaring and she is now worried how to get by.

Volkswagen says to cut 50,000 jobs as profit slides

Germany's automotive giant Volkswagen said Tuesday it would cut 50,000 jobs at home by 2030 as its profit slid to its lowest level in almost a decade.

Oil plunges, stocks rally as Trump says Iran war over 'very soon'

Oil prices sank and equities rallied Tuesday following a wild day of swings that came after President Donald Trump signalled that the US-Israel war on Iran could end sooner than thought.

Iranian Kurds hunted by drones in Iraqi Kurdistan

When a deafening drone tore a hole in her roof in northern Iraq, Iranian Kurd Amine Poursaid, gripped by fear of another attack, packed her family's belongings and prepared to escape.

German exports drop in setback to fragile recovery

German exports dropped faster than expected in January, official data showed Tuesday, the latest sign that the recovery in Europe's struggling top economy remains fragile.

Iran vows to fight on and block all Gulf oil

Iran vowed on Tuesday that not one litre of oil would be exported from the Gulf while its war with the United States and Israel continues, in a stark rebuke to President Donald Trump's boast that the conflict was all but over.

Lego posts record profit despite geopolitical turmoil: CEO to AFP

Denmark's Lego, the world’s number one toy maker, on Tuesday posted record sales and profits for its 2025 financial year, marking a "fantastic" year, despite global tensions, Lego's CEO told AFP.

Crude plunges, stocks rally as Trump says war over 'very soon'

Oil prices sank and equities rallied Tuesday following a wild day of swings that came after Donald Trump said the US-Israel war on Iran would be ending earlier than thought.

Search called off after Indonesia landfill collapse kills seven

Indonesian rescuers have called off the search for victims of a landslide at the country's largest open landfill after pulling seven bodies out from under debris, an official said Tuesday.

AI offers hope for young filmmakers dreaming of an Oscar

Studying at the film school where Oscar-nominated "Sinners" director Ryan Coogler honed his craft, SiJia Zheng dreams of winning an Academy Award.

Viral drone video fuels debate about Rio favela tourism

A line of tourists touch up their makeup before strutting across a rooftop in Rio de Janeiro's largest favela, posing for a drone as it zooms out to show dramatic aerial views of the hillside community.

Venezuelan lawmakers advance mining reforms sought by US

The National Assembly of Venezuela on Monday moved forward with mining reforms pushed by the United States, which is anxious to secure access to the country's critical minerals.

Trump vows Iran war will 'end very soon'

President Donald Trump said Monday that US military operations in Iran would be ending soon, reassuring markets that have been thrust into chaos by a war that is still reverberating across the Middle East.

Trump hints end of Iran war in sight, saying operations 'very complete'

President Donald Trump indicated for the first time Monday that US military operations in Iran could be coming to an end, saying the war was "very complete" and progressing ahead of schedule.

Shipping giant MSC halts Gulf exports amid war risks

Global shipping giant MSC announced Monday it was formally halting certain export shipments from the Gulf because of the Middle East war and that "all affected cargo will be discharged".

Trump's limited options to curb Iran war oil price surge

US President Donald Trump is under pressure to curb oil prices sent skyrocketing by the war with Iran, but has only limited tools to fix a problem that is shaking the world economy and is politically toxic at home.

Anthropic takes Trump administration to court over Pentagon row

Anthropic filed suit Monday against the Trump administration, alleging the US government retaliated against the AI company for refusing to let its Claude AI model be used for autonomous lethal warfare and mass surveillance of Americans.

Iran war sends crude prices soaring as Khamenei son takes charge

The Iran war sent oil prices soaring on Monday after Tehran, under new leader Mojtaba Khamanei, fired a new barrage of missiles at its Gulf neighbours and signalled that the strategic Strait of Hormuz would likely remain shut.

Ships brandish China-links to weave through Strait of Hormuz

Ships anchored in the Gulf or transiting the Strait of Hormuz are changing their tracking data to boast links to China in an attempt to evade Iranian attacks, according to data from shipping tracker Marine Traffic analysed by AFP.

G7 'not there yet' on release of oil reserves: French minister

France's finance minister said Monday the G7 was "not there yet" in terms of any release of strategic oil reserves as the world's leading industrialised nations held crisis talks on the economic fallout of the Middle East war.

Stocks slide as oil soars past $100 on Mideast war

Stock markets slumped as energy prices soared on Monday on supply disruptions from the Middle East war drove volatility and fanned inflation fears.

Bangladesh scraps light displays as Mideast war worsens fuel crunch

Bangladesh has tightened security at filling stations, sent students home and even scrapped light displays for independence and Ramadan celebrations, officials said Monday, as the Middle East war worsens the country's energy crunch.

Stocks tumble, oil soars past $100 on Mideast war

Stock markets plunged and energy prices soared on Monday as supply disruptions from the Middle East war drove volatility and fanned inflation fears.

Iran war sends oil price soaring as Khamenei son takes charge

The Iran war sent oil prices soaring on Monday after Tehran marked the appointment of its new supreme leader with a new barrage of missiles targeting Israel and the Gulf energy industry.

Indonesia landfill collapse kills four

A landslide on Indonesia's biggest landfill buried trucks and food stalls, killing four people, rescuers said Monday as they searched for at least five more reported missing.

Equities plunge as energy prices soar on Mideast crisis

Stock markets plunged Monday as oil and gas prices soared on fears about supplies from the Middle East with the US-Israeli war against Iran continuing into a second week with no sign of letting up.

Asian equities plunge as oil soars 30% on Mideast crisis

Asian stock markets plunged Monday as oil prices soared 30 percent on fears about supplies from the Middle East as the US-Israeli war against Iran continued into a second week with no sign of letting up.

France to host G7 finance meeting on Mideast

France will host a video meeting of G7 finance ministers on the Middle East crisis on Monday, as the war fuels fears for the global economy.

Iran fires new missiles as Khamenei's son takes charge

Iran fired missiles at Israel early Monday in the name of the Islamic republic's new leader, Mojtaba Khamenei, who was selected to succeed his slain father despite threats by the United States and Israel to target him next.

Iran prepares to name new leader as Tehran fuel dumps burn

Iran was preparing to name a successor to its slain supreme leader on Sunday, after US-backed Israeli strikes destroyed fuel depots in Tehran, sparking blazes that covered the city in acrid smoke.

Bangladesh rations fuel as Mideast war deepens energy crunch

Bangladesh launched fuel rationing on Sunday as the war in the Middle East deepened an energy crunch, creating long queues at filling stations and boiling over into anger.

Young Chinese parents tighten belts as childcare costs rise

New mother Zhang Xiaofei wanted to be financially secure before having a baby, wary of high childcare costs that have been softened only a little by Chinese government cash incentives to boost record-low births.

Sawt Falasteen - Economy (English)