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

European stocks fall back after rallying on US rate hopes

Stocks slipped in European trading Monday as investors locked in gains fuelled by the clear shift toward lower rates by the US Federal Reserve, which helped Asian markets kick off the week with a rally.

Asian markets rally on US rate cut hopes

Asian markets kicked off the week with a rally on Monday, tracking gains made by Wall Street on Friday after the US central bank chief suggested coming interest rate cuts.

Zanele Muholi, S.African photographer reclaiming identity

Photography saved her from suicide and now internationally recognised South African visual artist Zanele Muholi, most known for her stark portraits of black LGBTQ communities, is using her success to empower others.

SpaceX delays Starship megarocket launch in latest setback

SpaceX delayed a planned test flight for its Starship megarocket by 24 hours until Monday, saying it needed time to troubleshoot problems, in the latest setback for Elon Musk's behemoth after a series of explosive failures.

'Restoring dignity': Kenya slum exchange offers water for plastic

Using a crutch to bear her weight, 85-year-old Molly Aluoch trudges from her mud-walled room on the outskirts of a sprawling Nairobi slum, shouldering a sack of used plastic to exchange for a shower or a safe toilet.

China Evergrande Group delisted from Hong Kong stock exchange

Shares in heavily indebted China Evergrande Group were taken off the Hong Kong Stock Exchange on Monday, capping a grim reversal of fortune for the once-booming property developer.

Asian markets rise on US rate cut hopes

Asian markets kicked off the week with a rally Monday morning, tracking gains made by Wall Street on Friday after the US central bank chief suggested coming interest rate cuts.

SpaceX calls off Starship megarocket launch in latest setback

SpaceX called off a planned test flight for its Starship megarocket on Sunday, saying it needed time to troubleshoot problems, in the latest setback for Elon Musk's behemoth after a series of explosive failures.

Egyptian farmers behind world's perfumes face climate fight alone

For years, Egyptian jasmine picker Wael al-Sayed has collected blossoms by night in the Nile Delta, supplying top global perfume houses. But in recent summers, his basket has felt lighter and the once-rich fragrance is fading.

Israeli bulldozers uproot hundreds of trees in West Bank village

Israeli bulldozers uprooted hundreds of trees in the West Bank village of al-Mughayyir on Sunday in the presence of the Israeli military, according to AFP journalists who witnessed the scene.

Bangladesh and Pakistan bolster ties but war apology 'unresolved'

Bangladesh and Pakistan, once bitter enemies after they split in 1971, agreed Sunday to bolster long-strained relations, including increasing trade.

France's regulator says unable to block dead streamer's channel

The head of France's broadcast and online regulator said on Sunday it did not have the authority to block an online channel used by a streamer who died while live-casting.

India's Modi dangles tax cuts as US tariffs loom

Indian Prime Minister Narendra Modi's push to slash consumption taxes on everyday goods could deliver billions of dollars in annual relief and boost demand in an economy bracing for painful US tariffs, experts say.

Indonesia turns down ear-splitting 'haram' street parties

People in an Indonesian village watched as a tower of loudspeakers mounted on a truck rumbled through their usually serene home, blasting a thumping bass loud enough to crack windows.

Musk's megarocket faces crucial new test after failures

Elon Musk's SpaceX is gearing up for the next test of its Starship megarocket on Sunday, after a string of recent failures that has prompted some observers to question its viability.

US govt wants migrant targeted in crackdown deported to Uganda: lawyers

The US government intends to deport a Salvadoran man at ground zero of President Donald Trump's war on illegal immigration to Uganda next week, his lawyers said Saturday.

Berlin's 'Moors' Street' renamed after years of controversy

A central Berlin street is being officially renamed on Saturday for an 18th-century African philosopher after years of debate over its current name, Mohrenstrasse ("Moors' Street"), viewed as outdated and offensive.

Trump, Intel announce deal giving US a 10% stake in chipmaker

Chipmaker Intel has agreed to give the US government a 10-percent stake in its business, the company and President Donald Trump announced Friday.

Salvadoran man at center of Trump deportations row freed

A wrongly deported Salvadoran man returned to the United States during a fierce row over President Donald Trump's hardline immigration policies was released Friday from prison, where he had been detained on human smuggling charges.

Canada removing tariffs on US goods compliant with free trade deal

Canada will remove all tariffs on US goods that are compliant with the existing North American free trade agreement, Prime Minister Mark Carney said Friday, matching exemptions affirmed earlier this month by Washington.

Ukrainian refuses German extradition in Nord Stream sabotage case

A Ukrainian man arrested in Italy this week over the 2022 sabotage of the Nord Stream underwater gas pipelines from Russia to Europe on Friday refused to be extradited to Germany, reports said.

Wall Street rallies, dollar drops as Fed chief fuels rate cut hopes

Wall Street shares rallied Friday as US Federal Reserve chief Jerome Powell left the door open to cutting interest rates, which also sent the dollar dropping against the euro and other major currencies.

German, French post offices restrict packages to US over tariffs

The postal services of Germany and France on Friday announced a raft of restrictions on package deliveries to the United States due to tariffs imposed by President Donald Trump.

US Fed chair leaves door open to rate cut as Trump steps up pressure

US Federal Reserve Chair Jerome Powell left the door open to cutting interest rates in a keenly watched speech Friday, as he faced down President Donald Trump's intensifying pressure on the central bank.

Wall Street rallies as Fed chief fuels rate cut hopes

Wall Street shares rallied Friday as US Federal Reserve chief Jerome Powell left the door open to cutting interest rates.

US Fed chair leaves door open to rate cut, facing down Trump pressure

US Federal Reserve Chair Jerome Powell left the door open to cutting interest rates in a keenly watched speech Friday, although he warned that risks of higher inflation and a weakening jobs market add up to a "challenging situation."

Australian Rules player body urges 'united approach' after homophobic slur

The union that represents Australian Rules players on Friday called for a "more effective and united approach" to tackling homophobia with the sport embroiled in yet another ugly scandal.

Pressure on Merz as Trump tariffs hit German economy

Germany's economy shrank more than expected in the second quarter as US tariffs battered exports, official data showed Friday, ramping up pressure on Chancellor Friedrich Merz to turn Europe's top economy around.

Australia orders audit of crypto trading giant Binance

Australia has ordered the local arm of the world's largest cryptocurrency exchange, Binance, to appoint an external auditor after identifying "serious concerns" with its money laundering and terrorism financing controls.

Japan city proposes two-hour daily smartphone limit

A Japanese city will urge all smartphone users to limit screen time to two hours a day outside work or school under a proposed ordinance that includes no penalties.

US wine sellers left in limbo despite EU tariff deal

At a wine shop in Washington's Capitol Hill neighborhood, bottles sourced from Europe are becoming costlier to import -- and soon, pricier for customers to buy, the owner says -- thanks to a resident just down the road in the White House.

Under Trump pressure, US Fed chief to walk tightrope in speech

US Federal Reserve chief Jerome Powell is expected to walk a fine line while delivering a closely watched speech at a central banking conference on Friday, as he faces down attacks from President Donald Trump alongside mixed economic data.

Sawt Falasteen - Economy (English)