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.

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'We must help them': Morocco students get peers back in school

Moroccan student Said Rifai, 15, is on a mission to help his peers pursue education in a country where an estimated 270,000 children drop out of school each year.

US stocks back at records on US-China trade progress

Wall Street stocks finished at fresh records Friday as US-China trade progress restored the market to its heights prior to a spring swoon brought by President Donald Trump's tariffs.

Orban says police will not disperse Budapest Pride march

Hungarian Prime Minister Viktor Orban said police will not "break up" Saturday's Budapest Pride march despite issuing a ban, but warned attendees and organisers about the legal consequences.

Teachers pay dispute shuts schools for months in Nigerian capital

A strike by elementary school teachers in Nigeria's capital is dragging into its fourth month, as workers demand to be paid the minimum wage enacted almost a year ago but yet to be implemented.

US Supreme Court upholds Texas age-check for porn sites

The US Supreme Court on Friday upheld a Texas law requiring pornographic websites to verify visitors' ages, rejecting arguments that this violates free speech and boosting efforts to protect children from online sexual content.

US stocks hit record on US-China trade progress

Wall Street climbed into record territory Friday as the United States and China moved closer to a trade deal and Washington signalled it could reach tariff agreements with over a dozen other partners.

Stocks rise as US-China reach trade deal framework

European stocks rose Friday as the United States and China moved closer to a trade deal and as hopes of a further delay to reciprocal tariffs were boosted.

Anderson teases Dior debut with Mbappe, Basquiat and Marie Antoinette

It's the most eagerly awaited show of Paris Men's Fashion Week. And for the last few days Dior's new creative director Jonathan Anderson has been dropping clues on social media about the contents of his first collection for the fabled French house.

China confirms trade deal framework reached with United States

China confirmed on Friday details on the framework of a trade deal with the United States, saying Washington would lift "restrictive measures" while Beijing would "review and approve" items under export controls.

Dollar holds losses on rate cut bets, trade hope boosts stocks

The dollar held around three-year lows Friday as traders ramp up bets on US interest rate cuts, while most stock markets rose on hopes Donald Trump will further delay imposing tough tariffs.

India accused of illegal deportations targeting Muslims

India has deported without trial to Bangladesh hundreds of people, officials from both sides said, drawing condemnation from activists and lawyers who call the recent expulsions illegal and based on ethnic profiling.

Ketamine 'epidemic' among UK youth raises alarm

The first time Barney Casserly used ketamine at a UK music festival he thought he had found "nirvana". Five years later he died in agony, leaving behind devastated parents and friends.

Stocks climb, dollar holds on trade hopes and rate bets

Asian markets rose Friday on fresh trade hopes and the dollar held around three-year lows amid bets of cuts to US interest rate cuts.

UN conference seeks foreign aid rally as Trump cuts bite

Spain will host a UN conference next week seeking fresh backing for development aid as swingeing cuts led by US President Donald Trump and global turmoil hinder progress on fighting poverty, hunger and climate change.

Syria's wheat war: drought fuels food crisis for 16 million

Rival Syrian and Kurdish producers are scrambling for shrinking wheat harvests as the worst drought in decades follows a devastating war, pushing more than 16 million people toward food insecurity.

Nike profits sink but company says it is turning a corner

Nike reported sharply lower quarterly profits Thursday, but signaled it was past the worst stage of a corporate retooling as it implements "surgical" US price increases to defray tariff costs.

'Mission: Impossible' composer Lalo Schifrin dies aged 93

Famed composer Lalo Schifrin, who created themes for a host of hit Hollywood films and television shows -- including the instantly recognizable "Mission: Impossible" score -- died Thursday aged 93, US media reported.

Anna Wintour steps down as US Vogue editor after nearly 40 years

Magazine legend Anna Wintour stepped down as editor of US Vogue on Thursday after 37 years in which she was often hailed as the single most influential figure in the fashion world.

Anna Wintour steps down as editor of US Vogue after nearly 40 years

Magazine legend Anna Wintour is stepping down as editor of fashion bible US Vogue after 37 years in the post, US media reported Thursday.

Frenchman who robbed Kim Kardashian dies of cancer aged 69

A French robber convicted with seven others of stealing jewellery worth $10 million from reality television star Kim Kardashian in Paris in 2016 died on Thursday, a source close to the case said.

Mbappe files harassment complaint against PSG

Kylian Mbappe has accused his former club Paris Saint-Germain of moral harassment in a legal filing, the Paris prosecutor's office told AFP on Thursday as it confirmed an investigation had been opened.

US stocks rise, dollar slides as Trump eyes new Fed boss

US stock markets rose and the dollar slid Thursday as President Donald Trump lined up candidates to succeed Federal Reserve boss Jerome Powell, fuelling bets of cuts to US interest rates.

Napoleon collection sells at auction for $10 mn

A massive trove of artwork and curios linked to Napoleon Bonaparte, including one of his iconic bicorne hats, has sold for more than $10 million in Paris, an auction house said.

Dollar slides as Trump eyes new Fed boss

The dollar slid Thursday as President Donald Trump lined up candidates to succeed Federal Reserve boss Jerome Powell, fuelling bets of cuts to US interest rates.

India recovers data from black boxes after deadly crash

Indian investigators have successfully retrieved data from the black boxes of a Boeing plane, after it crashed in one of the deadliest air disasters in decades, the government said Thursday.

Stocks mixed with eyes on Mideast, dollar hit by Trump Fed comment

Stocks were mixed Thursday and oil rose as traders kept a nervous eye on the Iran-Israel ceasefire, while the dollar dropped after Donald Trump said he had a handful of candidates to succeed Federal Reserve boss Jerome Powell, fuelling rate cut bets.

Pools and slides as North Korea set to open 'world class' tourist resort

North Korea has completed construction on a massive tourist resort boasting colourful water slides and swimming pools, state media said on Thursday, a pet project of leader Kim Jong Un.

H&M sales fall in second quarter on stronger currency

Swedish fashion giant H&M on Thursday reported a drop in sales and profit in the second quarter, as currency effects weighed on the company's earnings.

Migrant money from Russia a lifeline for Central Asia

In a remote town in southern Kyrgyzstan, teacher Nur Akhmatov watched workers building a library, conference hall and women's sports centre -- construction mostly funded by Kyrgyz emigrants sending money home from Russia.

Nigerian farms battle traffic, developers in downtown Abuja

Under the din of traffic from the highway bridge that cuts over his fields, Bala Haruna inspects corn, cassava and okra on his family farm.

Stocks down with eyes on Mideast, dollar hit by Trump Fed comment

Most stocks fell Thursday and oil rose as traders kept a nervous eye on the Iran-Israel ceasefire, while the dollar dropped after Donald Trump said he had a handful of candidates to succeed Federal Reserve boss Jerome Powell, fuelling rate cut bets.

Tunisia U-turn on phosphate plant sparks anger in blighted city

The bedroom of 74-year-old Cherifa Attia smells like burnt rubber. The vast phosphate processing plant beside her home has been belching out toxic fumes into the atmosphere, blighting this Tunisian city.

Sawt Falasteen - Economy (English)