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

Stock markets, dollar steady before US jobs data

Stock markets and the dollar largely steadied Thursday before key US jobs data and as investors kept a close eye on President Donald Trump's bid to push through a tax-cutting budget.

Ethiopia's mega dam on the Nile 'now complete': PM

Ethiopia's Prime Minister Abiy Ahmed on Thursday said a multi-billion-dollar mega-dam on the Blue Nile that has long worried neighbouring countries is complete and will be officially inaugurated in September.

US-Vietnam trade deal sows new China standoff

Vietnam's trade deal with the United States averts the most punishing of Donald Trump's "reciprocal" levies but has provoked new friction between Washington and Beijing.

Strike by French air traffic controllers disrupts summer travel

French air traffic controllers launched a two-day strike on Thursday to demand better working conditions, disrupting travel for tens of thousands of people at the start of a summer holiday season.

Stocks rise, dollar dips ahead of US jobs data

Stocks mostly rose Thursday and the dollar fell as investors eye US jobs data that could play a key role in the Federal Reserve's interest rate policy, while investors gave a lukewarm reception to the US-Vietnam trade deal.

US-Vietnam trade deal sows new China uncertainty

Vietnam's trade deal with the United States averts the most punishing of Donald Trump's "reciprocal" levies but analysts warned it could provoke a fresh standoff between Washington and Beijing.

Asian stocks mixed as traders shrug at US-Vietnam trade deal

Stocks struggled in Asia on Thursday as investors gave a lukewarm reception to the US-Vietnam trade deal, while the dollar eased ahead of key US jobs data that could impact Federal Reserve interest rates plans.

In California, fear of racial profiling grips Latino communities

Since immigration police raided his car wash near Los Angeles last month, Jose has been constantly watching the video feeds from his 11 surveillance cameras.

UK's Starmer backs finance minister after tears in parliament

UK Prime Minister Keir Starmer on Wednesday said that finance minister Rachel Reeves would remain in her role for "a very long time to come" after she appeared visibly upset in parliament as rumours swirled around her future.

Trump tax bill stalled by Republican rebellion in Congress

Republican leaders in the US Congress delayed a key vote for hours on Donald Trump's signature tax and spending bill Wednesday as they scrambled to win over a group of rebels threatening to torpedo the centerpiece of the president's domestic agenda.

US stocks back at records as oil prices rally

Major US stock indices closed at fresh records Wednesday following a US-Vietnam trade deal, while oil prices jumped after Iran suspended cooperation with the UN nuclear watchdog.

Tesla reports lower car sales, extending slump

Tesla reported another hefty drop in auto sales Wednesday, extending a difficult period amid intensifying electric vehicle competition and backlash over CEO Elon Musk's political activities.

Trump says Vietnam to face 20% tariff under 'great' deal

President Donald Trump announced Wednesday that he had struck a trade deal with Vietnam under which the country would face a minimum 20 percent tariff and open its market to US products.

Hong Kong govt proposes limited recognition of same-sex couples' rights

The Hong Kong government said Wednesday it will propose legislation to recognise a limited set of rights for same-sex couples whose marriages are registered abroad, as it seeks to comply with a landmark court ruling.

Wall Street shrugs off drop US private sector jobs

Wall Street on Wednesday largely shrugged off data showing an unexpected drop in US private sector jobs and US President Donald Trump ruling out a fresh tariffs delay.

Tesla reports lower car sales but figures better than feared

Tesla reported another hefty drop in auto sales Wednesday, extending a difficult period amid intensifying electric vehicle competition and backlash over CEO Elon Musk's political activities.

Teen plotting attacks on women charged in France's first 'incel' case

An 18-year-old French man suspected of planning attacks on women has been charged in the country's first case of a terror plot linked to the misogynist "incel" movement, officials said on Wednesday.

Stocks stuck as US private sector jobs disappoint, UK's Reeves future uncertain

Stock markets were stuck Wednesday as US President Donald Trump ruled out a fresh tariffs delay and the US private sector unexpectedly lost jobs in June while rumours abounded in Britain over the future of the country's finance minister.

UK govt backs finance minister after tears in parliament

The British government said Wednesday that finance minister Rachel Reeves was "going nowhere" after she appeared visibly upset in parliament as rumours swirled around her future.

US private sector shed jobs for first time in recent years: ADP

The US private sector unexpectedly lost jobs in June, according to data from payroll firm ADP on Wednesday, a potential sign of labor market weakness amid uncertainty from President Donald Trump's tariffs.

Stocks diverge as tariffs deadline looms

Stock markets diverged and the dollar rose Wednesday as US President Donald Trump ruled out a fresh delay to reciprocal tariffs.

Hong Kong to regain IPO crown this year, say PwC and Deloitte

Hong Kong is expected to lead the world in IPO financing this year despite uncertainty from geopolitical tensions and trade tariffs, accountancy giant PwC said on Wednesday.

Australia cancels Kanye West visa over 'Heil Hitler' song

Australia has cancelled US rapper Kanye West's visa over his song glorifying Nazi leader Adolf Hitler, the government said Wednesday.

Fire that closed Heathrow traced to unrepaired transformer

A fire at an electrical substation that forced a shutdown at London's Heathrow Airport in March was likely caused by moisture entering electrical components, a problem first flagged in 2018, a report said Wednesday.

Asian markets mixed as trade deal cut-off looms

Asian markets swung Wednesday amid trade war worries after Donald Trump said he would not push back next week's tariff deadline, with Tokyo taking a hit from threats to ramp up Japanese levies.

Eggs en Provence: France's unique dinosaur egg trove

At the foot of Sainte Victoire, the mountain in Provence immortalised by Impressionist painter Paul Cezanne, a palaeontologist brushes meticulously through a mound of red clay looking for fossils.

'I lost my battle': warming sea killing Albania fishing

As dawn broke, fisherman Viktor Kocaj hauled his net on board his battered skiff, but after a whole night in the Adriatic, the catch was too small to even feed his family.

Giant Trump tax bill faces make-or-break vote in Congress

Donald Trump is seeking final approval Wednesday in the US Congress for his marquee tax and spending bill, with Republicans pinning their hopes on a narrow victory that will help seal the president's legacy.

'Writing is thinking': do students who use ChatGPT learn less?

When Jocelyn Leitzinger had her university students write about times in their lives they had witnessed discrimination, she noticed that a woman named Sally was the victim in many of the stories.

Global stocks mixed as markets track US trade deal prospects

Global stocks were mixed Tuesday as markets monitored congressional progress on Donald Trump's massive tax and spending legislation and weighed the prospects for US trade deals ahead of Trump's July 9 tariff deadline.

Big automakers report US sales jump on pre-tariff consumer surge

Several leading automakers including Detroit giants General Motors and Ford reported increased US car sales in the second quarter on Tuesday as consumers fast-forwarded purchases ahead of US tariffs.

UK govt guts key welfare reforms to win vote after internal rebellion

UK Prime Minister Keir Starmer avoided a humiliating parliamentary defeat on key welfare reforms Tuesday, after making last-minute concessions in the face of the most serious internal rebellion of his year-long premiership.

Sawt Falasteen - Economy (English)