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.

Last news

Novo Nordisk cuts earning forecasts again, names new CEO

Danish drugmaker Novo Nordisk, known for its blockbuster diabetes and weight-loss treatments Ozempic and Wegovy, on Tuesday lowered its full-year earnings forecasts again as it unveiled a new chief executive to tackle "recent market challenges".

Spotify sees 12% rise in paid subscribers

Spotify saw paying subscribers rise 12 percent to 276 million customers in the second quarter of 2025, the world's top music streaming service said on Tuesday, though profits fell below expectations.

Barclays bank profit jumps on US tariffs volatility

British bank Barclays posted on Tuesday second quarter profits that beat expectations as traders benefitted from volatility in global markets caused by US President Donald Trump's tariff blitz.

Philips chops back US tariff bill

Dutch medical equipment manufacturer Philips said Tuesday that the impact of US tariffs would be much less than it initially estimated, sending its share price surging.

Violent videos draw more French teens into 'terror' plots, say prosecutors

One 14-year-old was allegedly planning to blow up an Israeli embassy, while a 16-year-old was convicted of having plotted to attack far-right bars incensed by "injustice".

Dubai airport logs record travellers in first half

Dubai International Airport welcomed a record 46 million passengers in the first half of this year, authorities said on Tuesday, despite disruptions due to the Iran-Israel war

Jeep owner Stellantis says has turned corner

Jeep owner Stellantis said Tuesday it sees sales revenue and profitability rebounding in the second half of the year despite taking a 1.5-billion-euro ($1.7-billion) hit from US tariffs.

Stock fluctuate as trade relief fades, eyes on data and earnings

Stocks were mixed Tuesday as the positivity sparked by recent US trade deals dissipated, with investors now focused on the release of key data and earnings, and the Federal Reserve's next policy meeting.

Afghans show solidarity as migrant returns from Iran surge

At the border with Iran, Fatima Rezaei distributes food and hygiene products to Afghans forced to return, unable to passively stand by as the deportation crisis grows.

Villagers win race to save UK pub, as thousands close

A nearly 200-year-old pub, the Radnor Arms in rural Wales stood abandoned a few years ago. Water ran down the walls, ivy crept around broken windows and rats' skeletons littered the floor.

EU car industry sees relief - and pain - in US trade deal

The car industry in the EU on Monday viewed the trade deal struck with the United States as a de-escalation -- but one that still puts sand in its gearbox.

AI Ray-Ban Meta glasses help EssilorLuxottica boost sales

EssilorLuxottica, the world's top maker of eyeglasses, said Monday a tripling of sales of Ray-Ban Meta AI connected glasses helped drive increase in profits.

Europe's carmakers still nervous despite EU-US trade deal

Europe's auto industry is relieved that the EU-US trade deal reduces short-term uncertainty but many, particularly in the struggling German sector, remain deeply worried about the long-term impact.

EU defends Trump trade deal in face of backlash

The European Union on Monday defended its trade deal with President Donald Trump, with EU capitals and businesses sharply divided on an outcome some branded a "capitulation".

Trump slashes Russia ultimatum to '10 or 12 days'

Donald Trump issued on Monday a dramatic new ultimatum to Russia to end the war in Ukraine or face tough new sanctions, as he met UK Prime Minister Keir Starmer in Scotland.

EU accuses online giant Temu over sale of 'illegal' products

The European Union accused Chinese-founded online shopping giant Temu on Monday of breaking the bloc's digital rules by not "properly" assessing the risks of illegal products.

Dollar rises on EU-US trade deal but European stocks turn sour

The dollar jumped Monday on the back of the US-EU trade deal struck on the weekend, but European stock markets dipped, reflecting unease at terms viewed as lopsided.

Trump says Gaza ceasefire 'possible' amid Starmer talks

Donald Trump said a ceasefire in Gaza was "possible", and stepped up warnings to Russia, as he met UK Prime Minister Keir Starmer at one of the US president's Scottish golf resorts on Monday.

Ireland's 'economic miracle' at risk from tariffs

The deal between the United States and the European Union may have averted a transatlantic trade war, but worries persist in Ireland where crucial sectors are dependent on US multinationals.

Stock markets, dollar rise on EU-US trade deal

Stock markets and the dollar advanced Monday after the European Union and United States struck a deal to avert a damaging trade war.

China to offer childcare subsidies in bid to boost birth rate

China's government will offer subsidies to parents to the tune of $500 per child under the age of three per year, Beijing's state media said Monday, as the world's second most populous nation faces a looming demographic crisis.

Stock markets boosted after EU, US strike trade deal

Stock markets rose in Europe and Asia on Monday after the European Union and United States hammered out a deal to avert a potentially damaging trade war.

Heineken sees beer sales dip but keeps profit outlook

Dutch brewer Heineken sold less beer in the first half of the year, it announced Monday, as a slump in sales in Europe and the US failed to offset better performance in Asia.

US tariff tussles stuff of nightmares for Bordeaux winemakers

French wine producers, already reeling from a downturn in their market, still do not know how bitter a taste the US tariffs on wine will leave on their palates.

European Union resigned to 15 pecent US tariff

The United States and European Union clinched a trade agreement on Sunday that will see EU exports taxed at 15 percent, in a bid to resolve a transatlantic tariff stand-off that threatened to explode into a full-blown trade war.

US-China set to meet with extension of tariff pause on the cards

Top economic officials from the United States and China are set to renew negotiations Monday -- with an extension of lower tariff levels on the cards -- as President Donald Trump's trade policy enters a critical week.

What we know so far about the EU-US trade deal

EU chief Ursula von der Leyen clinched an agreement Sunday with US President Donald Trump to avoid crippling tariffs from hitting the bloc, with both leaders hailing a "good deal".

EU, US strike 'biggest-ever' trade deal

The United States and European Union on Sunday clinched what President Donald Trump described as the "biggest-ever" deal to resolve a transatlantic tariff stand-off that threatened to explode into a full-blown trade war.

Questions swell in Eswatini over five men deported from US

In the small African kingdom of Eswatini, the arrival of five men deported from the United States under Washington's aggressive anti-immigrant measures has sparked a rare wave of public dissent.

Humanoid robots embodiment of China's AI ambitions

Serving craft beer, playing mahjong, stacking shelves and boxing, the dozens of humanoid robots at Shanghai's World AI Conference (WAIC) this weekend were embodiments of China's growing AI prowess and ambition.

Iraqi women table tennis players chase Paralympic dreams

Iraqi table tennis player Nur al-Huda Sarmad adjusts her wheelchair before striking the ball into play, braving sweltering heat, social stigma and inadequate facilities as she dreams of taking her team to the Paralympics.

US Fed poised to hold off on rate cuts, defying Trump pressure

The US central bank is widely expected to hold off slashing interest rates again at its upcoming meeting, as officials gather under the cloud of an intensifying pressure campaign by President Donald Trump.

Sawt Falasteen - Economy (English)