Sawt Falasteen - Economy

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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.

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Nvidia chief says H20 chip shipments to China not a security concern

Shipping Nvidia's H20 chips to China was "great" for Beijing and Washington and not a security threat, the tech giant's chief said Friday.

Rice prices up 91 pct year-on-year in Japan

Rice prices in Japan soared 90.7 percent in July year-on-year, official data showed Friday, but the rate of increase slowed from previous months offering some relief for Prime Minister Shigeru Ishiba.

Asian markets tick up as investors eye Jackson Hole meeting

Asian markets were mostly up Friday morning ahead of a pivotal speech by the US central bank chief, expected to shed light on possible interest rate cuts in the world's top economy.

Pakistan woos old rival Bangladesh, as India watches on

Decades after Pakistani troops killed his friends in Bangladesh's independence war, veteran freedom fighter Syed Abu Naser Bukhtear Ahmed eyes warming ties between Dhaka and Islamabad with cautious pragmatism.

Meta makes huge cloud computing deal with Google: source

Meta has made a cloud computing deal with Google worth more than $10 billion over the course of six years, a source close to the transaction told AFP Thursday.

Less tax, more luxury: millionaires flock to Dubai

Rich people are flocking to Dubai in record numbers, drawn to the desert city by its zero income tax policy and easy luxury lifestyle that has become harder to maintain elsewhere.

US Supreme Court allows cuts in NIH diversity research grants

A divided US Supreme Court gave the Trump administration the green light on Thursday to cut hundreds of millions of dollars in research grants linked to diversity initiatives.

Stocks waver ahead of Fed speech but EU tariff deal lifts Europe

Stock mostly fell Thursday ahead of a widely awaited speech on US interest rate policy, though a deal on American tariffs for a swathe of EU goods gave a late-session boost to European markets.

Walmart expects better sales, earnings as shoppers squeezed by tariffs

Big-box retailer Walmart reported solid revenue growth Thursday and said that it expects better sales and earnings for the full year, as customers feel the squeeze from higher tariffs imposed by President Donald Trump.

Malnourished Gaza children facing death without aid, says UN

Severely malnourished children in the Gaza Strip will be "certainly condemned to death" unless aid gets to them quickly, UNRWA chief Philippe Lazzarini warned Thursday.

EU gets 15% US tariff for cars, but fails to get wine reprieve

The US and EU released details of a trade deal Thursday that foresees lower car tariffs but no relief for Europe's wine sector, but Brussels said it would push for further concessions.

Stocks slide as investors await key Fed speech

Stock markets mostly fell during cautious trading sessions Thursday, a day before a key speech expected to offer signals about future interest rate cuts in the United States.

EU gets 15% US tariff for cars, fails to secure wine reprieve

Details of a US-EU trade deal published Thursday showed Brussels secured a tariff reduction for cars exported to the United States but failed to win a reprieve for its cherished wine sector.

Russian fuel prices surge after Ukraine hits refineries

Russian fuel prices are at near-record highs, stock exchange data showed Thursday, after a slew of Ukrainian attacks on refineries caused breakdowns during the travel season.

Walmart lifts outlook for sales, earnings despite tariffs

Big-box retailer Walmart hiked its outlook for sales and some earnings in results released Thursday, even as costs of goods imported to the United States rose after President Donald Trump's wide-ranging tariffs this year.

Stocks slip as investors await key Fed speech

Stock markets mostly fell during cautious trading sessions on Thursday, one day before a key speech expected to offer signals about future interest rate cuts in the United States.

Markets mixed as investors await key Fed speech

Markets were varied during cautious trading sessions on Thursday, one day before a key speech expected to offer signals about future interest rate cuts in the United States.

Asian markets mixed as investors await key speech

Asian markets were varied during cautious trading sessions on Thursday, one day before a key speech expected to offer signals about future interest rate cuts in the United States.

Africa could become 'renewable superpower', says Guterres

Africa has everything it takes to become a "renewable superpower", UN head Antonio Guterres said Thursday, as he called for greater investment in green energy across the resource-rich continent.

Asian markets creep up as investors await key speech

Asian markets edged mostly upward in muted morning trading on Thursday, one day before a key speech expected to offer signals about future interest rate cuts in the United States.

'Curly is beautiful': Tunisian women embrace natural hair

Tunisian mother Mouna Jebali had long used a flat iron to straighten her thick hair, but with women everywhere challenging the stigma around natural looks, she has finally learned to love her curls.

Trump raises pressure on Fed with call for governor to resign

President Donald Trump ramped up pressure on the US central bank Wednesday with a call for Federal Reserve Governor Lisa Cook to step down, as he repeatedly criticizes Fed Chair Jerome Powell for not lowering interest rates.

Google unveils latest Pixel phones packed with AI

Google on Wednesday unveiled new Pixel 10 smartphones that promise more artificial intelligence capabilities, as it seeks to elbow out competition in the emerging AI-assistant market.

India test-fires ballistic missile ahead of US tariff hike

India on Wednesday test-fired an intermediate-range ballistic missile capable of carrying multiple nuclear warheads, a government statement said, in an apparent show of strength ahead of a threatened US tariff increase.

Stock markets diverge awaiting Fed signals as tech sell-off deepens

Stock markets fluctuated on Wednesday, with many investors sticking to the sidelines while hoping for clues on US interest rate moves.

French champagne harvest begins with 'promising' outlook

France's Champagne region kicked off its official grape harvest Wednesday, with producers predicting a "promising" yield after an early start brought on by hot weather.

Stock markets diverge as traders eye US rate signals

Stock markets fluctuated on Wednesday, with many investors sticking to the sidelines while awaiting clues on US interest rate moves.

Stock markets diverge after Wall Street tech sell-off

Stock markets were mixed Wednesday after a US tech sell-off while investors awaited signals from US policymakers on the outlook for interest rates.

Markets waver as Japan exports show tariff strain

Markets were mixed Wednesday in the face of worrying signs for Japanese exports, as investors await signals from US policymakers of an interest rate cut in the world's largest economy.

Afghanistan bus crash death toll rises to 78

The death toll from a collision between a bus carrying Afghan migrants returning from Iran and two other vehicles in western Afghanistan has risen to 78, provincial officials said on Wednesday.

Asian markets waver as Japan exports show tariff strain

Asian markets were mixed Wednesday in the face of worrying signs for Japanese exports, as investors await signals from US policymakers of an interest rate cut in the world's largest economy.

Dutch divers still haul up debris six years after container spill

Volunteer Dutch divers are still fishing debris from the North Sea six years after a disastrous shipping accident.

Sawt Falasteen - Economy (English)