Bombay Durpun - Economy

Amazon expects no disruptions as US strike goes into 2nd day

A US strike targeting Amazon in the peak festive period extended into a second day Friday as the retail behemoth said the labor action would not affect its business.

US confirms billions in chips funds to Samsung, Texas Instruments

President Joe Biden's administration said Friday that it has cemented deals for billions in funding to South Korean semiconductor giant Samsung Electronics and Texas Instruments to boost their chipmaking facilities in the United States.

Wall Street rebounds despite US inflation ticking higher

Wall Street stocks bounced higher Friday despite data showing an uptick in inflation and a looming US government shutdown.

Argentina's dollar craze cools under greenback-loving Milei

"Dollars, selling dollars!" a money changer shouts to people streaming past in Buenos Aires' financial district.

'Dark lull' in German energy transition sparks political debate

As Germany heads for February 23 elections the grey winter weather has become a hot campaign topic because of its impact on the country's shaky green energy transition.

No longer Assad's mouthpiece, Syrian media face uncertainty

Syrian media outlets which trumpeted the glories of Bashar al-Assad's oppressive rule quickly adopted revolutionary fervour after his ouster, but uncertainty shadows the sector.

EU, Swiss hail 'historic' new deal resetting relations

The European Union and Switzerland announced Friday they had sealed a new set of agreements aimed at recalibrating relations between the two neighbours.

Two dead after Lapland tourist bus crash in Finland

Two people were killed and several injured when a bus and a minivan carrying tourists mainly from China and Singapore collided in Finnish Lapland, police said Friday.

Fed's favored inflation gauge edges higher in November

The Federal Reserve's preferred inflation measure rose for a second straight month in November, according to government data published Friday, although the increase came in a touch below expectations.

Spain orders 25 more Eurofighter jets from Airbus

Spain has ordered another 25 advanced Eurofighter jets from European aerospace giant Airbus in the NATO member's drive to modernise its air force, the defence ministry said on Friday.

Fed's favored inflation gauge rises again in November

The Federal Reserve's preferred inflation measure rose for a second straight month in November, according to government data published Friday, although the increase came in a touch below expectations.

French PM rushes to name new government by Christmas

France's new Prime Minister Francois Bayrou was Friday racing to name by Christmas at the latest a government to lead the country out of its political crisis but with no sign of an end to months of tensions that have rattled President Emmanuel Macron.

European stocks retreat further before US inflation data

European stock markets slid for a second session running Friday and the dollar dropped as investors grow concerned about the economic outlook for next year.

Markets struggle as traders digest Fed's hawkish pivot

Equities fell Friday while the dollar maintained gains against its peers as investors assessed the fallout from the Federal Reserve's revised outlook for interest rate cuts and prepared for a second Donald Trump presidency.

China lifts rock lobster ban, bringing end to Australian trade barriers

China has lifted a ban on imports of Australian live rock lobsters, Canberra said Friday, demolishing the final barrier in a broader, multibillion-dollar trade war between the countries.

Asian markets struggle as traders digest Fed's hawkish pivot

Equities mostly fell Friday while the dollar maintained gains against its peers as investors assessed the fallout from the Federal Reserve's revised outlook for interest rate cuts and prepared for a second Donald Trump presidency.

Medical help arrives by sea to Greece's isolated islands

Outside the school of one of Greece's smallest inhabited islands, Sikinos, two massive trucks have braved an eight-hour sea voyage to bring residents much-needed medical expertise in the depths of winter.

Sweden sees red over Germany's energy policy

As one of Europe's biggest suppliers of electricity, Sweden is seeing red over Germany's energy policy, which it says ends up punishing Swedish consumers.

Starbucks workers to start US strike on Friday: union

Workers at Starbucks will walk off the job Friday in three US cities in a strike their union threatened could spread around the country in the busy run-up to Christmas.

Asian markets mixed as traders digest Fed's hawkish pivot

Equities fluctuated Friday and the dollar maintained its gains against its peers as investors assessed the fallout from the Federal Reserve's outlook for interest rate cuts and possible impact of Donald Trump's presidency on the economy.

US Fed's caution on rate cuts could cause friction with Trump

Donald Trump's imminent return to the White House and uncertainty about his policy proposals has begun weighing on the US Federal Reserve, raising concerns of a reckoning between the central bank and the president-elect.

Japanese inflation jumps to 2.7% in November

Japanese inflation accelerated in November, with prices rising 2.7 percent on-year partly due to higher energy costs, government data showed Friday.

US removed 270,000 migrants in a year: official figures

US immigration authorities removed over 270,000 people last financial year, figures showed Thursday, weeks before Donald Trump takes office threatening to deport millions of migrants.

Republicans push new deal to avert US government shutdown

Republicans in the US Congress agreed on a new funding package Thursday aimed at averting a holiday-season government shutdown, after an earlier cross-party deal was derailed by President-elect Donald Trump and Elon Musk.

Global stocks mostly fall as US Treasury yields climb

Global stocks mostly fell Thursday as markets digested fresh central bank decisions and a rebound effort on Wall Street faded while US Treasury bond yields climbed further.

Nigeria school fair stampede kills 35 children

A stampede at a school funfair in the southwestern Nigerian city of Ibadan has killed 35 children and seriously injured six others, police said on Thursday.

Thousands of US Amazon staff strike days before Christmas

Thousands of Amazon workers on Thursday launched what they called the "largest strike against Amazon in US history" seeking to maximize pressure on the retail behemoth at the height of the holiday shopping season.

Tariffs could cause 'massive' price increases: Top Biden advisor

Sweeping tariffs under consideration by Donald Trump could cause "massive" increases to the cost of producing everyday goods including coffee and chocolate, President Biden's top economic advisor said Thursday.

Turkey's Pegasus Airlines says to buy 200 Boeing 737 aircraft

Turkey's Pegasus Airlines said Thursday it would buy 200 Boeing 737 MAX 10 aircraft in its largest-ever order worth some $36 billion as it seeks to expand its service.

Who are the men convicted in French mass rape trial?

France's trial of a man who drugged his now ex-wife so he and dozens of strangers could rape her while unconscious ended on Thursday with all 51 defendants being convicted.

US govt shutdown looms as Trump, Musk kill funding deal

The United States was staring down the barrel of a holiday-period government shutdown Thursday as a late-hour intervention by Donald Trump and Elon Musk threatened efforts in Congress to keep the lights on through the New Year.

Co-owner Ratcliffe increases Manchester United stake

Jim Ratcliffe has increased his stake in Manchester United to nearly 29 percent after completing the cash injection he promised when purchasing a minority share of the Premier League club.

Bombay Durpun - Economy (English)

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Global stocks mostly higher in thin pre-Christmas trade

Global stocks mostly rise in thin pre-Christmas trade

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