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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Wall Street stocks stall, London hits record high

Wall Street stocks dipped Thursday while London hit a record high as investors remain optimistic overall that governments will reach deals to avoid US tariffs.

Volkswagen halts electric minivan exports to the United States

German auto giant Volkswagen said Thursday it had suspended deliveries of its electric minivan ID. Buzz due to a technical issue amid reports the decision was influenced by costly US tariffs on cars.

EU opens new probe into TikTok data transfer to China

An Irish regulator helping police European Union data privacy said Thursday it had launched an investigation into TikTok over the transfer of European users' personal data to servers in China.

Hopes for migrant deal as Macron wraps up UK state visit

London and Paris will on Thursday attempt to thrash out a deal on undocumented migrants crossing the English Channel in small boats on the last day of the French president's state visit to Britain.

In Indonesia, a start-up captures coolants to stop global warming

In the basement of a Jakarta housing complex, surrounded by the silver piping of the air-conditioning system, Indonesian technician Ari Sobaruddin is doing his part to tackle climate change.

European court to rule in Semenya sports gender case

A top European court will decide Thursday whether double Olympic champion Caster Semenya can be required to lower her testosterone levels to compete as a woman, in a key decision on contested gender testing.

Israel's Bedouin communities use solar energy to stake claim to land

At the end of a dusty road in southern Israel, beyond a Bedouin village of unfinished houses and the shiny dome of a mosque, a field of solar panels gleams in the hot desert sun.

Trump hits Brazil with 50% tariff, sets date for copper levy

President Donald Trump announced a 50 percent tariff Wednesday targeting Brazil as he blasted the trial of the country's ex-leader, and said a US "national security" levy on copper would begin in August.

Global stocks mostly up despite new Trump tariffs, Nasdaq at record

The Nasdaq powered to a fresh record and major European markets closed in the green Wednesday, brushing off US President Donald Trump's growing array of tariff targets.

Starbucks receives bids for stake in China business: US media

Starbucks has received around 30 offers from investment firms seeking a stake in the company's China business, US media reported Wednesday.

Musk's AI chatbot under fire for posts praising Hitler

Billionaire Elon Musk's artificial intelligence chatbot Grok came under fire Wednesday for anti-Semitic comments, praising Adolf Hitler and insulting Islam in separate posts on the X platform.

Trump issues more letters to countries in push for tariff deals

US President Donald Trump released a fresh set of letters to trading partners Wednesday, setting out tariff rates for six countries as Washington pushes to bring about a flurry of trade deals.

Copper giant Chile awaits 'official' news on US tariff raise

Chile, the world's biggest copper producer, said Wednesday it was awaiting an "official" follow-up on US President Donald Trump's announcement of a 50 percent tariff on imports of the metal.

X chief Yaccarino steps down after two years

Linda Yaccarino resigned Wednesday as CEO of X, the social media platform formerly known as Twitter, after two years at the helm of the Elon Musk-owned company.

Six rescued from cargo ship attacked in Red Sea: EU naval force

Six mariners have been rescued after a deadly attack on a cargo ship that sank off rebel-held Yemen, an EU maritime force said Wednesday, as the search continued for the rest of the crew.

Commerzbank commits to strategy as UniCredit ups direct stake

German lender Commerzbank said Wednesday it was committed to its strategy after Italian bank UniCredit formally upped its stake in its rival, laying the ground for a potential takeover bid.

Volkswagen US deliveries fall as Trump tariffs bite

Europe's largest automaker Volkswagen said Wednesday that sales into the United States had taken a hit, underscoring the impact of President Donald Trump's drastic trade measures.

Macron turns to politics on second day of UK state visit

French President Emmanuel Macron's state visit to Britain turned to politics Wednesday as London is expected to press Paris for new measures to curb undocumented immigration.

Iraq's Kurdistan enjoys all-day state electricity

More than 30 percent of Iraq's autonomous Kurdistan region now has 24-hour state electricity, authorities said Thursday, with plans to extend full coverage by the end of 2026.

Lidl owes French rival $50 mn after ads ruled deceptive

German supermarket chain Lidl faces a 43-million-euro ($50 million) payout to a French rival after an appeals court ruled its ads to be deceptive.

Cricket's Indian Premier League value surges to $18.5 bn: report

The Indian Premier League's business value has been estimated at $18.5 billion with reigning champions Royal Challengers Bengaluru its wealthiest franchise, according to a report by an investment bank.

China's snaps 4-month consumer decline but factory price deflation deepens

Consumer prices in China rose slightly in June, official data showed on Wednesday, snapping a four-month decline even as factory gate prices were bruised by a fierce trade war with Washington.

China's 'new farmers' learn to livestream in rural revitalisation

Gao Chaorong knows what it takes to turn out good crops of sweet potatoes, peanuts and wheat, but tasty produce is no longer enough to draw China's app savvy crowd.

Asian markets mixed as Trump flags fresh tariffs, eyes on trade talks

Stocks were mixed Wednesday as investors assessed Donald Trump's latest tariff threats, while keeping an eye on trade talks after the US president warned he would not again extend a deadline to reach deals.

Bitter pill: Cuba runs low on life-saving medicines

Cuban Jessica Rodriguez never knows if she will find the medicines that keep her four-year-old son alive in a country that has all but run out of essential drugs.

US stocks mostly lower as Trump adds copper, pharma to tariff onslaught

Europe eked out small gains but Wall Street mostly fell Tuesday as President Donald Trump added tariff threats on copper and pharmaceuticals to his broadening trade agenda.

Trump says to set 50% copper tariff, no extension to August deadline

President Donald Trump said Tuesday that he would not extend an August 1 deadline for higher US tariffs to take effect on dozens of economies, while announcing plans for a 50 percent duty on copper imports.

United Airlines to resume US service to Tel Aviv

United Airlines said Tuesday it would resume service between Tel Aviv and its Newark/New York hub on July 21, 10 days earlier than previously planned.

Trump says 'no extensions' to Aug 1 tariff deadline

President Donald Trump said Tuesday that he would not extend an August 1 deadline for higher US tariffs to take effect on dozens of economies, a day after he appeared to signal flexibility on the date.

Some Europeans still travel to Iran, ignoring dire warnings

Brushing aside increasingly urgent official warnings to stay clear of Iran, some European tourists still head to the Islamic Republic, which is accused by Western governments of practicing "hostage diplomacy".

Stocks mark time as Trump postpones tariffs deadline

Major stock markets marked time Tuesday after President Donald Trump extended his tariffs deadline and hinted at a further pushback, though uncertainty over US trade policy capped gains.

Bulgaria becomes 21st member to adopt euro after EU green light

EU ministers gave the final green light on Tuesday for Bulgaria to adopt the euro on January 1, 2026, making it the single currency area's 21st member.

Sawt Falasteen - Economy (English)