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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French state leads capital increase for satellite operator Eutelsat

The French state will become the biggest investor in European satellite operator and Starlink competitor Eutelsat, leading a capital increase alongside private shareholders, the company said Thursday.

Swiss central bank cuts interest rates to zero percent

The Swiss National Bank cut interest rates to zero percent on Thursday as inflation cools and the franc strengthens, while the economic outlook has deteriorated.

Stocks drop, oil gains as Mideast unrest fuels inflation fears

Major stock markets mostly fell and oil prices rose Thursday as the Israel-Iran conflict added to fears over a renewed spike to inflation.

Kenyan LGBTQ community vogues despite threat of repressive law

Before a cheering audience, a man opened the ball in Nairobi with acrobatic moves to electronic rhythms -- a celebration of queer resistance from a Kenyan LGBT community feeling threatened by new legislation.

Shortages hit Nigeria's drive towards natural gas-fuelled cars

Motorists in Nigerian cities are spending hours, or even days, queuing for natural gas to power their cars after the government promoted its use as an alternative fuel.

Czechs sign record nuclear deal but questions remain

The Czech Republic signed a contract earlier this month with South Korea's KHNP to build two nuclear reactors, but experts question its future over complaints raised by KHNP's French rival EDF.

Justice at stake as generative AI enters the courtroom

Generative artificial intelligence (GenAI) is making its way into courts despite early stumbles, raising questions about how it will influence the legal system and justice itself.

US stocks flat as Fed keeps rates steady, oil prices gyrate

Wall Street stocks treaded water Wednesday after the Federal Reserve met expectations and kept interest rates steady while oil prices nudged higher following a volatile session amid ongoing clashes between Iran and Israel.

Brazil says free of bird flu, will resume poultry exports

Brazil said Wednesday it was free of bird flu, paving the way for it to resume chicken exports to China and 20 other countries after a month-long suspension.

Musk's X sues to block New York social media transparency law

Elon Musk's X Corp. has filed a lawsuit challenging a New York state law that requires social media companies to report how they moderate hate speech and disinformation.

Nippon, US Steel say they have completed partnership deal

Nippon Steel and US Steel announced Wednesday they have completed a partnership deal in which the US government will essentially have veto power over significant decisions affecting US jobs.

Oil prices dip, stocks mixed tracking Mideast unrest

Oil prices eased and stock markets diverged Wednesday as traders kept a close watch over the Israel-Iran conflict ahead of an interest-rate announcement from the US Federal Reserve.

Middle Age rents live on in German social housing legacy

When German pensioner Angelika Stibi got the keys to her new home in the southern region of Bavaria this year, a huge financial weight was lifted from her shoulders.

Meta offered $100 mn bonuses to poach OpenAI employees: CEO Altman

Meta offered $100 million bonuses to OpenAI employees in an unsuccessful bid to poach the ChatGPT maker's talent and strengthen its own generative AI teams, the startup's CEO, Sam Altman, has said.

UK inflation dips less than expected in May

British inflation eased less than expected in May after surging in April, official data showed Wednesday, fuelling expectations that the Bank of England will hold interest rates steady this week.

Energy transition: how coal mines could go solar

Disused coal mines could be refashioned to place vast fields of solar panels, a new report suggests, providing an unlikely solution to a common obstacle to uptake of the green energy source.

Taiwan's entrepreneurs in China feel heat from cross-Strait tensions

Bustling Taipei-style shopping streets, majestic temples to the island's deities and thriving factories dot the eastern Chinese city of Kunshan, for years a hub for Taiwanese businesses.

Trump extends TikTok deadline for third time

US President Donald Trump will this week give TikTok a fresh 90-day extension to find a non-Chinese buyer, the White House said Tuesday, the third time he has put off a threatened ban on the popular app.

EU chief says pressure off for lower Russia oil price cap

EU Commission Chief Ursula von der Leyen on Tuesday said surging energy prices have reduced the urgency to slash the price cap on Russia's global oil exports.

Trump says EU not offering 'fair deal' on trade

US President Donald Trump said Tuesday that the European Union had yet to offer a "fair deal" on trade, as Washington negotiates tariff agreements with friends and foes alike.

Brazil sells exploration rights to oil blocks near Amazon river mouth

Brazil sold exploration rights to 19 oil and gas blocks near the mouth of the Amazon river Tuesday, at the start of an auction slammed by environmentalists months before the country is to host the COP30 climate summit.

Oil prices jump, stocks drop as traders track Israel-Iran crisis

Oil prices jumped and stocks mostly fell Tuesday after President Donald Trump abruptly departed G7 talks and concerns rose over a possible US intervention.

UK startup looks to cut shipping's carbon emissions

In a small London workshop, a prototype mimics the process of capturing carbon emissions from a cargo ship's engine.

UK automakers cheer US trade deal, as steel tariffs left in limbo

Britain's auto sector on Tuesday welcomed news that the United States and UK have agreed to implement key parts of their tariff-cutting trade deal, as levies on steel remain.

Dutch suggest social media ban for under-15s

The Dutch government Tuesday advised parents to forbid children under 15 from using social media apps like TikTok and Snapchat, the latest country to propose curbs over mental health concerns.

Oil prices rally, stocks slide as traders track Israel-Iran crisis

Oil prices jumped and stocks mostly fell Tuesday after US President Donald Trump abruptly departed G7 talks to monitor the conflict between Israel and Iran and called for Tehran residents to evacuate.

Poll finds public turning to AI bots for news updates

People are increasingly turning to generative artificial intelligence chatbots like ChatGPT to follow day-to-day news, a respected media report published Tuesday found.

Oil prices rally, stocks mixed as traders track Israel-Iran crisis

Oil prices jumped and equities fluctuated Tuesday as investors weighed Donald Trump called for Tehran residents to evacuate and hopes that the conflict between Israel and Iran does not descend into all-out war.

Bank of Japan holds rates, will slow bond purchase taper

The Bank of Japan kept interest rates unchanged Tuesday and said it would taper its purchase of government bonds at a slower pace, as trade uncertainty threatens to weigh on the world's number four economy.

Taiwan tests sea drones as China keeps up military pressure

A Taiwanese-made sea drone capable of carrying bombs skimmed across waters off the island Tuesday in a display of uncrewed surface vehicles that could boost its military firepower against China.

Bank of Japan holds rates, says to slow bond purchase taper

The Bank of Japan kept interest rates unchanged Tuesday and said it would taper its purchase of government bonds at a slower pace amid concerns about the effect of trade uncertainty on the world's number four economy.

Oil prices jump after Trump's warning, stocks extend gains

Oil prices rallied Tuesday after Donald Trump urged Tehran residents to evacuate, stoking fresh fears of all-out war as Israel and Iran continued to pound each other with missiles.

Sawt Falasteen - Economy (English)