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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Stocks slide as Trump's new tariff sweep offsets earnings

Stock markets slid but the dollar held up Friday as US President Donald Trump announced tariffs on dozens of trading partners, offsetting strong earnings from tech giants.

HIV-positive Turkmen man fears deportation, torture

An HIV-positive gay man who fled Turkmenistan, one of the most repressive countries in the world, risks being deported, imprisoned and tortured, he and several non-governmental groups told AFP.

Bayer sets aside more cash to deal with weedkiller woes

German pharmaceutical and agricultural chemicals giant Bayer said it had put aside an extra 1.2 billion euros ($1.4 billion) to deal with long-running US legal woes linked to a weedkiller.

Stocks drop as Trump's new tariff sweep offsets earnings

Stock markets fell Friday as Donald Trump announced tariffs on dozens of trading partners ahead of a self-imposed deadline, offsetting strong earnings from tech giants.

Swiss to try to negotiate way out of stiff US tariffs

The Swiss government said Friday it would negotiate with the United States to try to avoid the 39 percent punitive US tariff rate that would ravage its key pharmaceutical industry.

British Airways owner sees profit jump on 'strong' demand

IAG, the owner of British Airways and Spanish carrier Iberia, said Friday that its net profit jumped 44 percent in the first six months of the year on "strong demand".

Stocks struggle as Trump unveils new tariff sweep offsets earnings

Asian markets mostly fell Friday as Donald Trump announced tariffs on dozens of trading partners ahead of a self-imposed deadline, offsetting strong earnings from tech giants.

Nvidia says no 'backdoors' in chips as China questions security

Nvidia chips do not contain "backdoors" allowing remote access, the US tech giant has said, after Beijing summoned company representatives to discuss "serious security issues".

Heathrow unveils £49 bn expansion plan for third runway

London's Heathrow Airport on Friday unveiled a £49-billion ($65 billion) expansion plan, including the costs of building a long-awaited third runway, approved by the UK government after years of legal wrangling.

Google must open Android to rival app stores: US court

A US federal court ruled Thursday that Google must open its Android operating system to rival app stores, after the internet giant lost an appeal in an antitrust case filed by Fortnite maker Epic Games.

Amazon profits surge 35% as AI investments drive growth

Amazon reported a 35 percent jump in quarterly profits Thursday as the e-commerce giant said major investments in artificial intelligence began paying off.

US theater and opera legend Robert Wilson dead at 83

Celebrated US director Robert Wilson, who revolutionized stage and opera, died Thursday at the age of 83, his management said.

EA shooter 'Battlefield 6' to appear in October

Promising vast combat zones and pounding action, team-based first-person shooter "Battlefield 6" is set for release in October, pitting it against longtime rival “Call of Duty” for autumn sales dominance.

Heavyweight shooter 'Battlefield 6' to appear in October

Electronic Arts team-based shooter "Battlefield 6", expected to be one of the hit games of the year, will be released on October 10, the American publisher said Thursday.

Microsoft valuation surges above $4 trillion as AI lifts stocks

Shares of Microsoft spiked Thursday following blowout quarterly results, lifting the tech giant into the previously unprecedented $4 trillion club along with Nvidia, another artificial intelligence standout.

Thousands of Afghans scramble for chance to work in Qatar

When Mohammad Hanif heard Qatar was opening jobs to Afghans, he joined thousands of others to put his name down for a shot to make a living in the gas-rich emirate, his own country wracked by unemployment.

Hong Kong sees 3.1% growth in second quarter

Hong Kong's economy grew by 3.1 percent in the second quarter, according to government estimates released Thursday, beating expectations, with strong exports buoyed by businesses racing to take advantage of US tariff easing.

Stocks, dollar mixed tracking Fed, tariffs, results

Major stock markets and the dollar traded mixed Thursday as traders weighed a cautious Federal Reserve, strong tech earnings and new US tariffs.

World Athletics brings in gene tests for female category eligibility

Track and field athletes aiming to take part in the female category in elite competitions will have to take a gene test from September, World Athletics has announced.

BMW says can weather tariff storm despite profit plunge

German carmaker BMW stuck to its 2025 targets Thursday despite quarterly profits tumbling a third due partly to US tariffs, insisting its large American operations meant it could weather the storm.

Shell net profit retreats on lower energy prices

British energy giant Shell on Thursday said its net profit slid 23 percent in the first six months of the year, hit by lower oil and gas prices.

Unilever profit slides ahead of ice cream demerger

British consumer goods giant Unilever on Thursday said net profit fell five percent in the first six months of the year, as it prepares to demerge its ice cream business.

Trump announces new tariffs as deadline nears

US President Donald Trump imposed new tariffs to punish or favor major trading partners Wednesday, as governments raced to strike deals with Washington less than 24 hours before an August 1 deadline.

BMW profits slump on China woes, US tariffs

BMW said Thursday its profits slumped by a third in the second quarter as the German premium carmaker was hit hard by falling sales in key market China and US tariffs.

Firms in Vietnam walk tightrope as Trump's transshipping rule looms

As Donald Trump's eye-watering tariffs on Chinese products passing through Vietnam are set to kick in Friday, companies in the Southeast Asian country are cautiously waiting to see what falls into that category.

Laos braced for blow of Trump tariff threat

Hawking clothes outside the garment factory where her daughter toils inside, a Laos vendor weighs US President Donald Trump's threat of trade tariffs that may soon snarl both their livelihoods.

China manufacturing sinks again in July as US trade talks stall

China's factory output shrank more than expected in July, official data showed on Thursday, logging its fourth straight month of contraction as Beijing battles to hammer out a trade deal with the United States.

Brazil Central Bank holds interest rate as tariffs loom

Brazil's Central Bank on Wednesday held its benchmark interest rate steady at 15 percent, citing "uncertainty" as the United States announced punishing tariffs on the South American economic powerhouse.

Brazil Central Bank holds interest rate after seven straight hikes

Brazil's Central Bank on Wednesday held its benchmark interest rate steady at 15 percent after seven straight hikes that had angered leftist President Luiz Inacio Lula da Silva.

Airbus first-half profit climbs 85% to $1.7 bn

European aerospace group Airbus posted an 85-percent rise in first-half profit Wednesday to $1.7 billion, even though it delivered fewer commercial planes compared with the same period last year.

TikTok launches crowd-sourced debunking tool in US

TikTok on Wednesday rolled out a crowd-sourced debunking system in the United States, becoming the latest tech platform to adopt a community-driven approach to combating online misinformation.

Tata Motors to buy Italy's Iveco for $4.4 bn

Tata Motors of India will buy Italy's Iveco Group for 3.8 billion euros ($4.4 billion) in a bid to create a "global champion" in the commercial vehicles sector, the two companies said Wednesday.

Sawt Falasteen - Economy (English)