Sawt Falasteen - Economy

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Featured

US, Canada fail to reach trade pact to avert Trump tariffs

Hefty US tariffs on some Canadian products took effect on Saturday after days of negotiations that went down to the wire failed to produce an agreement.

Arctic shipping a daunting prospect in hotly contested region

With Gulf turmoil slashing Suez Canal traffic, shipping firms are tempted to try the Arctic for quicker trips between Europe and Asia -- but commercial prospects are unlikely to match countries' strategic ambitions for the North Pole.

Last news

New boss of Germany's crisis-hit railways vows 'new start'

The new chief of Germany's beleaguered rail network vowed Monday to make a new start, with the state-owned operator widely criticised for deteriorating services.

Markets mixed as traders take stock after Fed-fuelled rally

Stock markets fluctuated Monday as investors took a step back after last week's rally fuelled by the Federal Reserve's interest rate cut.

Climate goals and fossil fuel plans don't add up, experts say

Countries are still planning to increase production of fossil fuels to levels incompatible with global commitments on climate change, according to new research published on Monday.

Amazon faces US trial over alleged Prime subscription tricks

Amazon goes to trial on Monday in a US government lawsuit that accuses the e-commerce giant of using tricks to enroll millions of customers in its Prime subscription service and then making it nearly impossible to cancel.

Burkina's LGBTQ community fears 'witch hunt' after anti-gay law

Quentin, like others in Burkina Faso, fears a new anti-gay law will spark a "witch hunt" against the already at-risk LGBTQ community, which has been forced even further underground.

Asian markets mixed as traders take stock after Fed-fuelled rally

Asian markets fluctuated between gains and losses Monday as investors took a step back after last week's rally fuelled by the Federal Reserve's interest rate cut.

Apprentices breathe new life into historic Savile Row

Beneath the old-world exterior of a tailor's on London's famed Savile Row, the workshop where the magic happens is more youthful than ever as aspiring coatmakers vie for competitive apprenticeships.

Warmer climate boosts north German vineyards, for now

The morning sun shines on lush vines as harvesters pick grapes. The hillside vineyard looks like it could be in Italy but lies near Berlin, where climate change has transformed winemaking.

White House says $100,000 H-1B visa fee to be one-time payment

The White House issued a major clarification Saturday to its new H-1B visa policy that had rattled the tech industry a day earlier, saying a $100,000 fee will be a "one-time" payment imposed only on new applicants.

Americans would dominate board of new TikTok US entity: W.House

A deal for the Chinese parent company of popular video-sharing app TikTok to sell its US operations would see the creation of a board dominated by Americans, the White House said Saturday.

Cyberattack hits European airports

Major European airports including Brussels, Berlin and London's Heathrow were Saturday hit by a cyberattack on checkin systems that caused cancellations and long delays for many passengers.

Novartis chief eyes ways to end higher US drug prices: media

Amid a threat of towering US tariffs, Swiss pharmaceutical giant Novartis is seeking ways to enable Americans to pay less for their medicines, its chief said in an interview published Saturday.

Australia telco outage leaves three dead

The Australian government said Saturday that telco firm Optus "let Australians down" after three people died during a network outage that prevented calls to emergency services.

US stocks end at records again as Trump and Xi talk

Stock markets steadied and the dollar mostly rose Friday at the end of a week marked by central bank decisions, as attention turned to a call between US President Donald Trump and his Chinese counterpart Xi Jinping.

Colombia slams 'excessive' US military buildup, warns against Venezuela intervention

Colombia on Friday blasted the United States' "excessive" military presence in the Caribbean as destabilizing for all Latin America, a sharp rebuke from one of Washington's oldest regional allies.

Porsche slows electric shift, prompting VW profit warning

German sports car maker Porsche said Friday that it would dramatically slow its shift to electric vehicles amid weak demand, prompting parent company Volkswagen to warn of a multibillion-euro hit.

Independence of central banks tested by Trump attacks on US Fed

For months, US President Donald Trump has been piling pressure on the Federal Reserve over delayed cuts to interest rates, casting the institution's independence into doubt.

Trump sees progress on TikTok, says will visit China

US President Donald Trump hailed Friday what he called progress with Chinese President Xi Jinping including on selling blockbuster app TikTok and said he would visit the Asian power, which offered a more cautious assessment of their talks.

Sweden offers $23 bn to finance nuclear power construction

Sweden's government said Friday it was ready to offer up to 220 billion kronor ($23.3 billion) in loans to utilities for the construction of new nuclear reactors as the Nordic country commits to developing more nuclear power.

Stocks steady, dollar up as Trump and Xi talk

Stock markets steadied and the dollar rose Friday at the end of a week marked by central bank decisions, as attention turned to a call between US President Donald Trump and Chinese counterpart Xi Jinping.

No letup in migrant crossings after UK-France 'one in one out' deal

As an agreement for the return to France of undocumented migrants and asylum seekers arriving in Britain in small boats is being haltingly implemented, an undiminished number of people are attempting the cross-Channel journey and taking advantage of stable weather.

Tariff uncertainty delays World Cup orders for China's merch makers

Tariff fears are hurting World Cup merchandise orders at Shang Yabing's Chinese knitwear factory, where racks of scarves bear the logos of national teams from Ireland to Tanzania.

Stocks diverge, dollar up before Trump-Xi talks

Stock markets diverged and the dollar rose Friday at the end of a week marked by central bank decisions, as attention turned to a call between US President Donald Trump and Chinese counterpart Xi Jinping.

Asian markets mixed ahead of Trump-Xi talks

Asian markets were mixed Friday at the end of a strong week for investors following a US interest rate cut, with attention now turning to a call between Donald Trump and Xi Jinping due later in the day.

Asian markets mostly drop ahead of Trump-Xi talks

Asian markets mostly fell Friday at the end of a strong week for investors following a US interest rate cut, with attention now turning to a call between Donald Trump and Xi Jinping due later in the day.

BoJ holds interest rates but to sell funds in shift from easing policy

The Bank of Japan kept interest rates on hold Friday amid lingering political uncertainty and economic concerns but said it would start offloading funds bought as part of its earlier monetary easing campaign.

Asian markets fluctuate as focus turns to Trump-Xi, BoJ

Asian markets swung Friday at the end of a strong week for investors following the US interest rate cut, with attention now turning to a call between Donald Trump and Xi Jinping.

Canada, Mexico leaders agree to seek 'fairer' trade deal with US

The leaders of Canada and Mexico on Thursday defended their three-way free-trade deal with the United States, while agreeing to try and make it "fairer" in the face of tariff pressure from President Donald Trump.

Netflix seeks 'Money Heist' successor in Spanish hub

In a cavernous studio outside Madrid teeming with TV industry stars, Netflix is blending old knowledge with modern technology to try to concoct a successor to its global hit "Money Heist".

Taiwan running out of time for satellite communications, space chief tells AFP

Taiwan's space chief Wu Jong-shinn says the "clock is ticking" for the democratic island to launch its own satellites to secure internet and phone services during a potential conflict with China.

Japan inflation slows in August, rice price surges ease

Inflation in Japan slowed to 2.7 percent in August due partly to government energy subsidies, official data showed Friday, with the cost of rice easing following a huge price spike.

Court seizes assets of Maradona's lawyer, sisters in fraud case

Argentinian officials seized assets Thursday from two of deceased soccer idol Diego Maradona's sisters, as well as his attorney and three other individuals, alleging fraudulent management of the player's brand, according to a ruling obtained by AFP.

Sawt Falasteen - Economy (English)