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

Asian stocks swing as traders bide time ahead of US rate decision

Asian stock markets were mixed Wednesday as investors bided their time ahead of an expected US interest rate cut later in the day.

US Fed set for first rate cut of 2025 as Trump pressure looms

The US Federal Reserve is poised to make its first interest rate cut of 2025 on Wednesday, but it battles competing forces in the path forward -- with heightened political pressure and likely divisions among its ranks.

Broadway jeering Caesars Times Square casino bet

The casino industry's quest to bring gambling to Manhattan faces a key test this week when an advisory panel weighs a Times Square proposal that has enraged much of Broadway.

Nestle says chairman Paul Bulcke to step down

Nestle on Tuesday announced that its longtime chairman Paul Bulcke had decided to step down, just weeks after the Swiss food giant suddenly fired its chief executive over an office relationship.

Malawi votes in economic gloom as two presidents battle for power

Malawians voted Tuesday in elections overshadowed by soaring prices and crippling fuel shortages, with the economic gloom a challenge to President Lazarus Chakwera's bid for a second term.

Stocks slip, dollar down as Fed meets on rates

Wall Street stocks turned lower on Tuesday while the dollar slid as the US Federal Reserve began a two-day meeting at which it is expected to cut interest rates.

Trump sues NYT for $15 bn in latest attack on media

Donald Trump filed a $15 billion defamation lawsuit against The New York Times on Monday, adding to the US president's growing list of legal attacks on news organizations he accuses of bias against him.

Thyssenkrupp says India's Jindal Steel makes bid for steel business

India's Jindal Steel International has made an offer for Thyssenkrupp's steel division, the German company said Tuesday, in what would be a mega-deal for the struggling industrial titan.

US retail sales beat expectations in August despite tariffs

Retail sales in the United States were hotter than expected in August, government data showed Tuesday, although analysts warned consumers may run out of steam as President Donald Trump's tariffs bite.

Europe slow to match economic rivals US, China: Draghi

The European Union is "failing to match the speed of change" in the United States and China and must act urgently on economic reforms to avoid falling further behind, a key report's author said Tuesday.

Malawi votes for a new president as economic crisis bites

Thousands of Malawians turned out to vote in general elections Tuesday with the incumbent president and his predecessor vying for a second chance to govern the southern African nation battered by soaring costs and fuel shortages.

Stocks diverge, dollar down as Fed meets on rates

European stock markets fell Tuesday following a steady showing by Asia's main indices, as the US Federal Reserve prepares to meet over interest rates.

Malawi votes in battle of two presidents as economic crisis bites

Malawi voted in general elections Tuesday with the incumbent president and his predecessor vying for a second chance to govern the largely poor southern African nation battered by soaring costs and fuel shortages.

Smoke-dried bodies could be world's 'oldest mummies': study

Some ancient societies in China and southeast Asia appear to have smoke-dried their dead, effectively mummifying them thousands of years earlier than their Egyptian counterparts, new research has found.

East Timor police fire tear gas on second day of car purchase protests

East Timor police fired tear gas on Tuesday at protesters railing for the second day against a plan to buy new official cars for lawmakers, which became the latest flashpoint in one of the poorest nations in Southeast Asia.

Lower US tariffs on Japan autos kick in

Lower US tariffs on Japanese autos kicked in on Tuesday, as a relieved Tokyo welcomed the implementation of a trade pact negotiated with Washington.

Asian markets rise as traders prepare for expected US rate cut

Asian stocks rose again Tuesday to extend another record day on Wall Street as traders locked in bets on a US interest rate cut this week, while they are also keenly eyeing flagged talks between Donald Trump and Xi Jinping.

Australia says social media ban will not age test all users

Australia will not require social media giants to verify the ages of all users under its ban on under-16s using the platforms, Canberra said Tuesday.

US Senate poised to advance Trump aide's appointment at Fed

The US Senate is due to vote late Monday on the confirmation of President Donald Trump's choice to join the Federal Reserve's board -- as the clock ticks down to a key policy meeting.

Stocks push higher ahead of expected US rate cut

Stock markets mostly rose Monday as traders geared up for an expected interest rate cut by the US Federal Reserve this week.

Stocks diverge ahead of expected US rate cut

Stock markets were mixed on Monday as traders geared up for an expected interest rate cut by the US Federal Reserve this week.

Fruit fly tests in Greece target invasive species threat

In a small persimmon orchard in northern Greece, scientists carefully open paper bags to release thousands of flies, in an experiment aimed at blunting the destructive impact of invasive new species.

Markets mixed ahead of expected US rate cut

Stock markets were mixed on Monday as traders geared up for an expected interest rate cut by the Federal Reserve this week, while more weak data showed China's economy continues to struggle.

Most Asian markets drop ahead of expected US rate cut

Asian markets struggled on Monday as traders geared up for an expected interest rate cut by the Federal Reserve this week, while more weak data showed China's economy continues to struggle.

Chinese factory, consumer activity slow amid economy struggles

China's economy showed further signs of weakness last month, with key data Monday revealing factory output and consumption rising at their weakest pace for around a year.

US cuts leave Zimbabwe sex workers scrambling for alternatives

In a cramped room with blistered walls on the edge of Harare, three sex workers sat pressed together on a frayed mattress spread across bare concrete.

'No regrets': wounded Nepali protesters proud at change

University student Aditya Rawal was outside Nepal's parliament with hundreds of other anti-corruption protesters when gunfire crackled and 14 people slumped down in front of him.

Malaysia's largest island state aims to be region's 'green battery'

Malaysia's verdant, river-crossed state of Sarawak is charging ahead with plans to become a regional "green battery," but its renewable energy dreams could come at serious environmental cost, experts warn.

Asian markets fluctuate ahead of expected US rate cut

Asian markets were mixed Monday as traders geared up for an expected interest rate cut by the Federal Reserve this week.

Australia's ANZ bank hit with record fine over 'widespread misconduct'

Australia's ANZ, one of the country's "big four" banks, has agreed to pay a record fine of Aus$240 million ($159.5 million) over "widespread misconduct", the financial regulator said Monday.

New round of US-China trade talks kicks off in Madrid

China and the United States kicked off the latest round of trade talks on Sunday in Madrid, where they are set to thrash out their TikTok dispute and President Donald Trump's promised hefty tariffs.

Bulgarian mussel farmers face risk, and chance, in hotter sea

Faced with rising Black Sea temperatures that suffocate his mussels, Bulgarian farmer Nayden Stanev has been forced to change his ways -- shifting his seeding schedule and harvesting at cooler depths.

Sawt Falasteen - Economy (English)