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

Oil prices tumble as markets shrug off Iranian rebuttal to US

Crude oil prices slid more than seven percent Monday while Wall Street stocks advanced after markets shrugged off Iran's rebuttal to the US weekend attack on Iranian nuclear facilities.

Iran attacks US base in Qatar in retaliation for strikes on nuclear sites

Iran announced it had launched missiles at a major US base in Qatar on Monday in retaliation for American strikes on key nuclear facilities, with explosions ringing out in Doha and projectiles seen streaking overhead.

E.coli can turn plastic into painkillers, chemists discover

Scientists have found a way to use the bacteria E.Coli to convert plastic waste into a popular painkiller, a study said Monday, though outside experts doubted the technique would make a dent in the fight against plastic pollution.

US existing home sales little-changed on sluggish market

Sales of existing homes in the United States were tepid in May, according to industry data released Monday, as high mortgage rates weighed on the market.

Asian countries most vulnerable to Strait of Hormuz blockade

Around 84 percent of oil passing through the Strait of Hormuz is destined for Asia, leaving the economies of China, India, South Korea and others vulnerable should Iran blockade the crucial trading route over US strikes on its nuclear sites.

Star-packed, Covid-shaped 'Death Stranding 2' drops this week

Japanese video game legend Hideo Kojima releases "Death Stranding 2: On the Beach" this week, a star-studded PlayStation sequel inspired by the Covid pandemic.

Oil prices seesaw as investors await Iran response to US strikes

Oil prices wobbled and stock markets wavered Monday as traders awaited Tehran's response to US strikes on Iranian nuclear facilities over the weekend.

Tehran hit by Israeli attacks, vows response to US strikes

Loud explosions rocked Tehran on Monday as Israel said it struck "regime targets" in the city, escalating tensions a day after US air strikes on Iran's nuclear facilities.

New CEO of Jeep owner Stellantis starts with leadership shake-up

Antonio Filosa began his tenure as chief executive of US-European auto giant Stellantis on Monday with a leadership shake-up, as he seeks to jump-start performance at the struggling maker of Jeep, Peugeot and Fiat vehicles.

Oil dips, dollar firms after US strikes in Iran

Oil prices gave up most of their early gains on Monday and the dollar strengthened after the United States struck Iran's nuclear facilities at the weekend.

Eurozone business activity almost flat again in June

Business activity in the eurozone was up marginally in June, marking the sixth consecutive month of expansion -- albeit at a slowing, sluggish pace, a closely watched survey showed Monday.

Oil rises, dollar firms after US strikes in Iran

Oil prices were higher on Monday and the dollar strengthened after the United States struck Iran's nuclear facilities at the weekend.

Oil prices spike after US strikes on Iran

Oil prices surged and Asian markets traded lower on Monday on concerns of disruption to energy markets after US air strikes on Iran's nuclear facilities.

Girls shouldn't shout?: Women break the mould at French metal festival

Women artists are pushing back against gender stereotypes at the French heavy metal festival Hellfest, where men have long dominated the loud and rebellious genre.

Indian activists seek to save child brides

When wedding season comes in India, the phone of child rights activist Tatwashil Kamble never stops ringing with appeals to stop girls from being married off due to poverty.

Jonathan Anderson set for Dior debut at Paris Fashion Week

Men's Fashion Week returns to Paris on Tuesday with heightened anticipation as Jonathan Anderson shows his first creations for Dior and Saint Laurent rejoins the official calendar.

US intervention 'devastated' Iran's nuclear programme says Pentagon

A series of unprecedented US strikes against Iran "devastated" its nuclear programme, Defense Secretary Pete Hegseth said Sunday, as he asserted Washington was not seeking regime change in Tehran.

South Korea counts on shipbuilding to ease US tariff woes

Asia's fourth largest economy South Korea is facing gruelling tariffs by US President Donald Trump, but its shipbuilding industry could prove a useful bargaining chip.

Olympic balloon rises again in Paris

A giant balloon that became a popular landmark over the skies of Paris during the 2024 Olympics rose again Saturday evening, as Parisians celebrated an annual street music festival.

'Survive, nothing more': Cuba's elderly live hand to mouth

With a monthly pension barely sufficient to buy 15 eggs or a small bag of rice, Cuba's elderly struggle to make ends meet in one of Latin America's poorest and fastest-aging countries.

Olympic balloon to rise again in Paris

A giant balloon that became a popular landmark over the skies of Paris during the 2024 Olympics is set to rise again, with organisers hoping it will once again attract crowds of tourists.

As sports embrace gender tests, Coventry and IOC may follow

As the gender furore that engulfed boxing at the 2024 Paris Olympics rumbles on, the International Olympic Committee (IOC) is weighing reintroducing testing, while several sports have already embraced testing for male chromosomes.

Europe powers urge Iran to keep up diplomacy despite Israeli strikes

European powers on Friday urged Iran to revive diplomatic efforts with the United States to find a solution in the standoff over its nuclear programme, but Tehran warned it could only consider diplomacy once Israel halted its bombardment of the Islamic republic.

Big-name porn sites back online in France after age check row

Major adult websites Pornhub, YouPorn and RedTube were back online in France Friday after a court here suspended a decision requiring pornographic platforms based in the EU to verify users' ages.

Oil drops, stocks climb as Trump delays Iran move

Oil prices retreated Friday while US and European stock markets gained ground as concerns over a war escalation in Iran eased.

UK probes Amazon over suspected late payments to food suppliers

Britain's grocery watchdog on Friday launched an investigation into whether online retail giant Amazon made late payments to food suppliers.

French champagne makers face prison in human trafficking trial

French prosecutors have requested two years behind bars for an employer in the champagne sector accused of human trafficking, exploiting seasonal workers and housing them in appalling conditions during the 2023 grape harvest.

Russian government, central bank spar over economic downturn

Russian officials sparred publicly on Friday over how to boost the economy, as growth slows more than three years into its Ukraine offensive.

Monsters and memes: Labubu dolls ride China soft-power wave

Small, fuzzy and baring sharp teeth, Chinese toymaker Pop Mart's Labubu monster dolls have taken over the world, drawing excited crowds at international stores and adorning the handbags of celebrities such as Rihanna and Cher.

Australian trial says tech for social media teen ban can work

Australia's world-leading ban on under-16s joining social media sites cleared a big hurdle Friday as a trial found digital age checks can work "robustly and effectively".

Rice prices double in Japan as inflation accelerates

Rice prices doubled last month in Japan as core inflation accelerated, official data showed Friday, posing a threat to Prime Minister Shigeru Ishiba ahead of July elections.

Restoration rejuvenates iconic Gaudi house in Barcelona

Barcelona's UNESCO-listed Casa Batllo, a modernist architectural masterpiece by Sagrada Familia designer Antoni Gaudi, unveiled a multimillion-euro restoration Thursday that brings its rear facade and courtyard back to life.

Sawt Falasteen - Economy (English)