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

Kenya's only breastmilk bank, life-line for premature babies

Surrounded by incubators, a red tube snaking into her tiny nose, four-day-old Grace-Ella is being fed donated breastmilk at the only facility in Kenya that offers the life-giving service.

Lab-grown diamonds robbing southern Africa of riches

Botswana and southern African peers that built much of their prosperity on diamonds are scrambling for alternatives as cheaper, lab-grown stones threaten their economies.

Australia to spend US$8 bn on nuclear sub shipyard facility

Australia will spend an initial Aus$12 billion (US$8 billion) to upgrade shipyard facilities for a future fleet of nuclear-powered submarines, the government said Sunday.

Immigration raids sapping business at Texas eateries

Oscar Garcia Santaella's Mexican restaurant is hurting badly as US immigration agents stage raids in Texas: his customers are afraid to leave home and some of his staff are wary of coming to work.

France's new PM courts the left a day after ratings downgrade

France's new Prime Minister Sebastien Lecornu held out an olive branch to the left on Saturday, ruling out his predecessor's plan to cut two public holidays to help slash the deficit.

Vienna wins on home turf as it hosts first tram driver world cup

Vienna hosted the first ever Tram Driver World Championship on Saturday, with the city's skilled drivers emerging victorious out of 25 teams from across the world battling it out in a tense competition.

Who is Tyler Robinson, alleged killer of Charlie Kirk?

How did Tyler Robinson -- a straight-A student raised Mormon by Republican parents -- become the alleged assassin of right-wing mega-influencer Charlie Kirk?

Airstrikes, drones, tariffs: being US friend not what it used to be

Donald Trump returned to the White House vowing always to put America first. In recent days, even longtime US allies have found out the hard way that friendship has limits.

Fitch downgrades France's credit rating in new debt blow

The Fitch agency downgraded France's credit rating on Friday, as President Emmanuel Macron struggles with political instability and disagreements on how to put the country's strained public finances in order.

Stocks hang onto gains as rate cuts in focus

Global stocks on Friday mostly held onto gains made earlier this week on expectations of a cut to US interest rates.

UN expert urges protection for indigenous Botswana people

A United Nations human rights expert on Friday urged Botswana's government to grant constitutional recognition and stronger protections to indigenous communities, citing longstanding discrimination against the San people.

Russian central bank cuts interest rate as economy slows

Russia's central bank on Friday cut its key interest rate, but warned inflation was still too high, amid growing concerns over an economic slowdown amid the Ukraine offensive.

Microsoft avoids EU antitrust fine with Teams commitments

The EU said Friday it had accepted Microsoft's commitment to more clearly separate the Teams communications app from its Office products -- sparing the US tech giant a hefty antitrust fine.

Stocks, dollar diverge with focus on rates

European stock markets mostly retreated Friday after gains among Asia's main indices, ahead of a likely cut to US interest rates next week.

S. Koreans greeted with applause at home after US detention

Hundreds of South Korean workers were greeted by applause and tearful relatives Friday when they returned home after being tangled in a US immigration row that cast a shadow over massive Korean investments in the United States.

Nepalis assess damage after terror of deadly protests

Retired Nepali civil servant Dhruba Shrestha has lived through decades of turmoil, from civil war to political upheaval, but the 76-year-old says nothing compared to the violence that engulfed the Himalayan nation this week.

Board of Spain's Sabadell bank rejects BBVA takeover bid

Spanish bank Sabadell on Friday said its board had rejected larger national rival BBVA's hostile takeover bid and urged shareholders to shun it as the clock ticked down on their final decision.

UK economy stalls in July in fresh government setback

Britain's economy stagnated in July, official data showed Friday, dealing another blow to the Labour government after a turbulent week for Prime Minister Keir Starmer.

Stocks rally into weekend with US rate cut 'seemingly locked in'

Most markets extended gains Friday, tracking record highs across Wall Street, after US inflation and jobs data all but set in stone a Federal Reserve interest rate cut next week.

UK economy stalls in July

Britain's economy stagnated in July, official data showed Friday, dealing another blow to the Labour government at the end of a turbulent week for Prime Minister Keir Starmer.

US tariffs deal stokes 'monster' pick-up fears in Europe

Considered powerful, heavy-duty vehicles by their fans and dangerous gas-guzzling "monsters" by detractors -- could large pick-up trucks, long a staple on US roads, be about to roam in greater numbers across Europe?

Ukraine's energy strikes hit Russians at the pump

Watching the price tick higher as he filled up his car, Russian pensioner Oleg railed against the recent surge in petrol prices, pushed higher by Ukrainian strikes on Russia's oil infrastructure.

Asian stocks surge into weekend with US rate cut 'seemingly locked in'

Asian markets surged again Friday, tracking record highs across Wall Street, after US inflation and jobs data all but set in stone a Federal Reserve interest rate cut next week.

S. Korea workers head home after US immigration raid

Hundreds of South Korean workers were headed back to Seoul on Friday after their detention in a US immigration raid that Hyundai warned will delay completion of its battery factory.

Bad Bunny to skip US in world tour, fears immigration raids

The wildly popular Puerto Rican rapper Bad Bunny says he will skip the United States during an upcoming world tour because he fears raids by immigration agents at his concerts.

Global stocks rise as US inflation data hits forecast

Global stock markets rose on Thursday as US inflation data came in as anticipated, reinforcing the prospect of a Federal Reserve interest rate cut next week.

Albania appoints AI-generated minister to avoid corruption

Albanian Prime Minister Edi Rama said Thursday he had appointed the world's first AI-generated government minister to oversee public tenders, promising its artificial intelligence would make it "corruption-free".

Trump, other officials mourn Charlie Kirk amid 9/11 tributes

US President Donald Trump and other officials paid tribute to slain right-wing activist Charlie Kirk on Thursday as the country marked the 24th anniversary of the September 11, 2001 attacks.

ECB seeks to ease jitters over France crisis

European Central Bank chief Christine Lagarde said Thursday she was "confident" officials would seek to reduce uncertainty as France's crisis rattles investor confidence, and suggested the bank was ready to intervene if needed.

Global stocks rise as no surprise on US inflation data

Global stock markets rose on Thursday as US inflation data that came in as expected reinforced expectations of a Federal Reserve interest rate cut next week.

US consumer inflation heats up but unlikely to deter rate cut

US consumer inflation rose last month to its highest level since January, government data showed Thursday, although analysts believe that this is unlikely to deter the central bank from an interest rate cut next week.

ECB holds rates as France crisis looms over meeting

The European Central Bank held interest rates steady again Thursday with inflation under control and trade tensions having eased, even as France's political crisis presents policymakers with a fresh challenge.

Sawt Falasteen - Economy (English)