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.

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Apple to invest additional $100 bn in US

Apple will invest an additional $100 billion in the United States, taking its total pledge to $600 billion over the next four years, US President Donald Trump said Wednesday.

Rare 'Hobbit' first edition auctioned for £43,000

A rare first edition of J.R.R. Tolkien's "The Hobbit" sold for 43,000 pounds ($57,000) at auction on Wednesday, after it was found during a house clearance in southwest England.

Grok, is that Gaza? AI image checks mislocate news photographs

This image by AFP photojournalist Omar al-Qattaa shows a skeletal, underfed girl in Gaza, where Israel's blockade has fuelled fears of mass famine in the Palestinian territory.

In Cuba, Castro's 'influencer' grandson causes a stir

Cuban influencer Sandro Castro has chosen a very different path to his revolutionary grandfather Fidel, using his name to pursue online fame while occasionally poking fun at the island's dire shortages of food, medicine, power and fuel.

US government gets a year of ChatGPT Enterprise for $1

OpenAI on Wednesday said it was letting the US government use a version of ChatGPT designed for businesses for a year, charging just $1 for the service.

Brazil seeks WTO relief against Trump tariffs

Brazil on Wednesday approached the World Trade Organization (WTO) for relief against a hefty trade tariff imposed by President Donald Trump on more than a third of US-bound exports from the Latin American powerhouse.

Darth Vader's lightsaber could cost you an arm and a leg

Darth Vader's lightsaber, used to chop off Luke Skywalker's hand in Star Wars classic "The Empire Strikes Back", went on display in London on Wednesday, ahead of its US sale next month.

Swiss president to meet Rubio as surprise tariff hike looms

Switzerland's president met with her country's business representatives Wednesday in Washington -- ahead of scheduled talks with the US secretary of state -- in a last-minute visit as she scrambles to avoid a surprise tariff hike.

Italy approves plans for world's longest suspension bridge

Italy's government on Wednesday approved a controversial 13.5-billion-euro ($15.6-billion) project to build what would be the world's longest suspension bridge connecting the island of Sicily to the mainland.

Stocks tick up with eyes on earnings, US tariff deadline

Stock markets edged higher Wednesday as traders assessed the latest corporate earnings and awaited President Donald Trump's next wave of tariffs.

German broadcast giant backs takeover by Berlusconi group

German broadcasting giant ProSiebenSat.1 recommended Wednesday that its shareholders accept an improved takeover offer from Italy's MediaForEurope group, majority-owned by the family of late former prime minister Silvio Berlusconi.

UK watchdog bans Zara ads over 'unhealthily thin' model photos

Britain's advertising regulator on Wednesday banned two adverts by Spanish clothing group Zara for featuring models that appeared "unhealthily thin", calling the images "irresponsible".

German factory orders fall amid tariff, growth woes

German industrial orders unexpectedly fell in June, official data showed Wednesday, as Europe's biggest economy struggles with prolonged domestic weakness and volatile US trade policy.

Markets tick up but traders wary as Trump tariffs temper rate hopes

Asian equities edged higher Wednesday as traders weighed Donald Trump's trade war and fresh data that indicated further weakness in the US economy but added to interest rate cut speculation.

A year on, Ugandans still suffering from deadly garbage collapse

When the giant landfill collapsed in Uganda's capital Kampala a year ago, Zamhall Nansamba thought she was hearing an aeroplane taking off.

Ozempic maker Novo Nordisk posts strong results but competition weighs

Danish pharmaceutical giant Novo Nordisk posted a sharp rise in second-quarter net profit Wednesday, but rising competition is weighing on sales of its diabetes and obesity treatments Ozempic and Wegovy in the United States.

Prince Harry cleared of 'bullying' in African charity row

The UK charity watchdog Wednesday cleared Prince Harry of accusations of bullying in a row with an African charity he founded, but deplored that the bitter internal dispute was played out in public.

Taiwan's orchid growers dig in as US tariffs shoot up

Since the start of US President Donald Trump's global trade war, Taiwanese orchid grower Lee Tsang-yu has watched tariffs on his seedlings shoot from nothing to 20 percent.

Lavish 'Grand Mariage' weddings celebrate Comoros tradition, society

It is wedding season in the Comoros, when the diaspora return to the tiny Indian Ocean islands for days-long celebrations that mark an essential rite of passage, the "Grand Mariage".

Hong Kong's Cathay Pacific unveils deal to buy 14 Boeing jets

Hong Kong's Cathay Pacific said Wednesday it would place a US$8.1-billion order for 14 Boeing jets, its first order with the American aircraft maker for 12 years.

Investors walk fine line as Trump tariffs temper rate hopes

Asian investors trod warily Wednesday amid lingering uncertainty over Donald Trump's trade war, while another round of data indicated further weakness in the US economy but added interest rate cut speculation.

Trump targets tariff evasion, with eye on China

As the United States ramps up tariffs on major trading partners globally, President Donald Trump is also disrupting strategies that could be used -- by Chinese companies or others -- to circumvent them.

Eduardo Bolsonaro: 'provocateur' inflaming US-Brazil spat

Brazilian congressman Eduardo Bolsonaro is hailed by some as a slayer of tyrants in defense of his coup-accused father.

OpenAI releases free, downloadable models in competition catch-up

OpenAI on Tuesday released two new artificial intelligence (AI) models that can be downloaded for free and altered by users, to challenge similar offerings by US and Chinese competition.

Czech driverless train hits open track

A rail line linking two northern Czech towns is testing Europe's first driverless train operating in an open environment, its developer told AFP on Tuesday.

US trade gap shrinks on imports retreat as tariffs fuel worries

The US trade gap narrowed in June, government data showed Tuesday, as imports pulled back more than exports while businesses grappled with President Donald Trump's tariffs on allies and competitors alike.

US data deflates stocks rebound

A stock market rebound lost traction on Tuesday after data showed inflation gathering steam in the US, complicating the picture for interest rate cuts.

'Human presence': French volunteers protect sheep from wolves

Carrying staffs like shepherds, Sophie Morice-Couteau and Geoffroy Galliot inspect the nets of a sheepfold on a steep slope in the Baronnies massif, part of their daily mission to keep wolves away.

Swiss president rushes to US to avert steep tariffs

Switzerland's president and economy minister were due to fly to Washington on Tuesday in a last-minute push to stop steep new tariffs that have blindsided the Alpine country.

German car sales jump in July but market still weak

New car sales in Germany posted a big rise in July, official data showed Tuesday, but analysts warned against sounding the all-clear for Europe's top auto market.

Stocks climb tracking tariffs, US Fed

European and Asian stock markets rose Tuesday as tariff threats eased and as investors grow increasingly confident that the US Federal Reserve will cut interest rates next month.

UN starts new bid to forge plastics treaty amid 'global crisis'

Nations must resolve the global plastics crisis, the head of UN talks told negotiators from 180 countries gathered in Geneva on Tuesday to forge a landmark treaty on eliminating the life-threatening waste.

Sawt Falasteen - Economy (English)