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

'I thought I was going to die': sailor recounts Huthi attack in Red Sea

Filipino seafarer Cocoy was off-duty and resting in his cabin when the captain's voice boomed over the intercom of the cargo ship: "We are under attack".

Volvo Cars swings into loss on electric vehicles, tariffs

Volvo Cars announced on Thursday it had swung into loss in the second quarter, after it took an impairment charge for its electric cars, booked restructuring charges and dealt with a slower, tariff-troubled market.

Dairy giant New Zealand endures butter price shock

Butter prices have soared in dairy export giant New Zealand, latest figures showed Thursday, with local supplies cut short as the industry chases fatter profits overseas.

Taiwan's TSMC says second quarter profit up 60%

Taiwanese chipmaking giant TSMC reported Thursday a forecast-beating 60 percent rise in net profit for the second quarter on sustained demand for artificial intelligence technology.

Leaking pipes as climate warms: Bulgaria faces water crisis

Bulgarian villager Rumyana Tsoneva keeps opening the tap in her yard in Gorna Studena near the Danube -- and keeps finding it dry.

China moves to tame 'irrational competition' as EV price war persists

Chinese officials are seeking to tame the country's swelling electric vehicle industry with policies to prevent "irrational competition", state media said, as a brutal price war ensnares top automakers.

Japan's Sega eyes return to 1990s gaming glory

The big-screen success of 1990s video game speedster "Sonic the Hedgehog" has brought new fans to Japan's Sega, which says it is poised for a comeback after two tough decades.

AI-powered 'nudify' apps fuel deadly wave of digital blackmail

After a Kentucky teenager died by suicide this year, his parents discovered he had received threatening texts demanding $3,000 to suppress an AI-generated nude image of him.

Mexico City vows to tackle gentrification after protests

Mexico City authorities on Wednesday announced a plan to tackle gentrification, following protests against rising rents blamed on an influx of foreigners, including remote workers.

Trump says Coca-Cola to switch to cane sugar in US

Beverage giant Coca-Cola has agreed to use real cane sugar in its US production, President Donald Trump announced Wednesday on social media.

US stocks finish higher as markets gyrate on Powell firing fears

Wall Street stocks finished higher Wednesday, overcoming a mid-session swoon after US President Donald Trump denied plans to fire Federal Reserve Chair Jerome Powell.

United Airlines profits dip but says Newark has rebounded

United Airlines reported a drop in second-quarter profits Wednesday on higher costs and predicted a rise in travel as geopolitical worries ease.

EU mega budget hits immediate German opposition

The European Union executive on Wednesday proposed a two-trillion-euro long-term budget focused on tackling overseas competition and Russian aggression, but it was quickly shot down by Germany, the bloc's largest member.

Syria says pulling troops from Druze heartland after US request

Syria announced that its army had begun to withdraw from violence-hit Sweida on Wednesday, following a wave of Israeli strikes on the capital and a US call for government forces to leave the majority-Druze southern city.

Goldman Sachs profits jump as CEO eyes more merger activity

Goldman Sachs reported a jump in second-quarter profits Wednesday behind significant increases in financial advisory revenues that chief executive David Solomon said could presage an uptick in dealmaking.

EU unveils bigger long-term budget but risks fight with farmers

The EU executive proposed on Wednesday a two-trillion-euro long-term budget bazooka focused on tackling overseas competition and Russian aggression at Europe's borders -- at the risk of a new showdown with farmers.

Markets fall on reported Trump plan to fire Fed chief

Major stock markets stumbled on Wednesday after reports that US President Donald Trump was close to firing the head of the Federal Reserve in a dispute over interest rates.

Argentina under Milei: a tale of two economies

In Javier Milei's Argentina, falling inflation has stimulated a boom in car and real estate sales and foreign-bound planes take off laden with tourists.

Stellantis pulls plug on hydrogen fuel cell vans

Jeep-maker Stellantis said Wednesday it was pulling the plug on plans to build light vans using hydrogen fuel cells, saying it saw no prospects for it to be commercially viable.

Nvidia's Huang says 'doing our best' to serve Chinese market

Nvidia CEO Jensen Huang said on Wednesday his firm was "doing our best" to serve China's vast market for semiconductors after meeting Beijing officials.

Indonesian shoemakers fear Trump tariffs despite lower levy

At a leather boot shop in the Indonesian city of Bandung, workers handle an order from Texas but owner Etnawati Melani says she fears such business will dwindle when Donald Trump's tariffs hit exports.

Indonesia hails 'new era' with US after Trump trade pact

Indonesia's leader on Wednesday hailed a "new era" of trade relations with the United States, after Donald Trump said he slashed the tariff rate faced by Southeast Asia's biggest economy from 32 percent to 19 percent.

Dutch tech giant ASML sees profits rise but warns on 2026

Dutch tech giant ASML said Wednesday it booked higher net profits in the second quarter of 2025 compared with the same period last year but warned that geopolitical headwinds had darkened the 2026 outlook.

Cuban minister resigns after downplaying poverty

The labor minister in economically depressed Cuba resigned Tuesday amid an uproar over her claim that people rummaging through garbage cans were only pretending to be poor and not truly desperate.

Trump unveils investments to power AI boom

US President Donald Trump went to Pennsylvania on Tuesday to announce $92 billion in energy and infrastructure deals intended to meet big tech's soaring demand for electricity to fuel the AI boom.

Nasdaq gains while Dow, S&P 500 fall as US inflation ticks higher

Most US and European share indices slid on Tuesday, as US inflation data indicated President Donald Trump's tariffs could be feeding into his country's economy.

Syrian Druze say govt mission of peace devolved into rampage

The mainly Druze residents of the Syrian city of Sweida had hoped the arrival of government forces on Tuesday would spell an end to deadly sectarian clashes with local Bedouin tribes.

Trump says Indonesia to face 19% tariff under trade deal

President Donald Trump said Tuesday that he had struck a trade pact with Indonesia resulting in a lower US tariff on the country's goods than earlier threatened, alongside better market access.

French PM proposes cutting national holidays to cut debt

Prime Minister Francois Bayrou said Tuesday he wanted to reduce the number of public holidays in France as part of a bid to tackle what he called the "curse" of his country's debt.

Tackling debt 'curse', France wants to slash holidays

France's Prime Minister Francois Bayrou said Tuesday he wanted to reduce the number of public holidays as part of an urgent plan to tackle what he called the "curse" of his country's debt.

Stock markets dip as US inflation puts focus on Trump's tariffs

Most US and European share indices slid on Tuesday, as US inflation data indicated President Donald Trump's tariffs could be feeding into the American economy.

US banks see lower recession risk despite tariff fog

Large US banks reported results that topped estimates Tuesday as executives pointed to American economic resilience and said businesses were adapting to tariff uncertainty.

Sawt Falasteen - Economy (English)