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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UK MPs eye decriminalising abortion for women in all cases

UK MPs are expected to vote Tuesday on an overhaul of abortion laws in England and Wales which would end contentious prosecutions of women for terminating a pregnancy.

Yen slides ahead of Bank of Japan policy decision

The yen fell against the dollar ahead of a Bank of Japan decision Tuesday, with officials expected to hold interest rates steady but tweak their bond purchase policy.

Ecuador pipeline burst stops flow of crude

Ecuador's state energy company said it stopped pumping oil through the country's main pipeline Monday due to a rupture in a section running through the Amazon.

China's Xi in Kazakhstan to cement Central Asia ties

Chinese President Xi Jinping will meet Central Asian leaders at a summit in Kazakhstan on Tuesday, his second trip to the region in under a year as Beijing competes with Russia for influence there.

Venezuela's El Dorado, where gold is currency of the poor

In the Venezuelan mining community of El Dorado, the majority of residents carry around gold instead of cards or cash to pay for groceries.

AFP photographer shot in face with rubber bullet at LA protest

An Agence France-Presse photographer was recovering Monday after he was shot in the face with a rubber bullet by law enforcement during their standoff with protesters in downtown Los Angeles.

Rise in 'harmful content' since Meta policy rollbacks: survey

Harmful content including hate speech has surged across Meta's platforms since the company ended third-party fact-checking in the United States and eased moderation policies, a survey showed Monday.

Netanyahu says 'changing face of Middle East' as Israel, Iran trade blows

Prime Minister Benjamin Netanyahu insisted on Monday that Israel's campaign against Iran was "changing the face of the Middle East", as the two countries traded heavy strikes for a fourth day.

UK apologises to thousands of grooming victims as it toughens law

The UK government announced Monday it would bring in tough new laws to "root out the scourge" of grooming gangs and apologised to thousands of victims believed to have been sexually exploited.

Iran state TV briefly knocked off air by strike after missiles kill 11 in Israel

Iran's state broadcaster was briefly knocked off air by an Israeli strike and explosions rang out across Tehran Monday, after a barrage of Iranian missiles killed 11 people in Israel on the fourth day of an escalating air war.

Struggling Gucci owner names new CEO

French luxury group Kering announced Monday that it had appointed Luca de Meo, who helped drive automaker Renault out of crisis, its new chief executive as it tries to turn around the fortunes at its struggling flagship brand Gucci.

Oil prices fall, stocks rise as Iran-Israel war fears ease

Stocks rose and oil prices retreated Monday as fears of a wider Middle East conflict eased even as Israel and Iran pounded each other with missiles for a fourth day.

Struggling Gucci owner's shares soar over new CEO reports

Shares in Gucci owner Kering jumped Monday over reports that the outgoing boss of French automaker Renault would take over as chief executive of the struggling luxury group.

Ireland prepares to excavate 'mass grave' at mother and baby home

Over a decade since a historian discovered an unmarked mass burial site for children at a former mother and baby home in western Ireland, workers finally began on Monday to prepare for extensive excavations.

Iran and Israel exchange deadly strikes in spiralling air war

Iran launched missiles at Israeli cities Monday after Israeli strikes deep inside the Islamic republic, raising Israel's death toll by 11 on day four of an escalating air war.

UN slashes global aid plan over 'deepest funding cuts ever'

The United Nations said Monday it was drastically scaling back its global humanitarian aid plans because of the "deepest funding cuts ever" -- leaving tens of millions of people facing dire straits.

Oil prices fall even as Israel-Iran strikes extend into fourth day

Oil prices retreated on Monday as fears of a wider Middle East conflict eased even as Israel and Iran pounded each other with missiles for a fourth day and threatened further attacks.

Los Angeles curfew to continue for 'couple more days': mayor

A nightly curfew in Los Angeles will continue for "a couple more days," Mayor Karen Bass said Sunday, the ninth day of protests that have seen US President Donald Trump launch a military-backed crackdown.

China factory output slows but consumption offers bright spot

Growth in China's factory output hit a six-month low last month as trade war pressures bit, official data showed Monday, while a bump in a key gauge of domestic consumption offered a rare bright spot for the economy.

Relatives wait for remains after Air India crash

Indian health officials have begun handing relatives the bodies of their loved ones after one of the world's worst plane crashes in decades, but most families were still waiting Monday for results of DNA testing.

China factory output slumps but consumption offers bright spot

China's factory output grew slower than expected last month as trade war pressures bit, official data showed Monday, while a bump in a key gauge of domestic consumption offered a rare bright spot for the economy.

Oil prices rise further as Israel-Iran extends into fourth day

Oil prices extended gains Monday as Israel and Iran pounded each other with missiles for a fourth day and threatened further attacks, stoking fears of a lengthy conflict that could reignite inflation.

Israel pounds Iran, Tehran hits back with missiles

Israel unleashed a new wave of attacks against Iran on Monday, targeting missile sites after Tehran carried out deadly overnight strikes and both sides threatened more devastation.

Renault boss Luca de Meo to step down, company says

The head of French carmarker Renault, Luca de Meo, is to quit "to take on new challenges outside the automobile sector", the company said on Sunday.

US Fed set to hold rates steady in the face of Trump pressure

The US central bank is expected to keep interest rates unchanged for a fourth straight policy meeting this week, despite President Donald Trump's push for rate cuts, as officials contend with uncertainty sparked by the Republican's tariffs.

'Hidden treasure': Rare Gandhi portrait up for UK sale

A rare oil painting of Indian independence leader Mahatma Gandhi, which is believed to have been damaged by a Hindu nationalist activist, is to be auctioned in London in July.

Israel, Iran trade threats as conflict escalates

Israel on Saturday threatened to strike "every target of the ayatollah regime" in Iran, whose president warned of a severe response if the Israeli attacks continue, fuelling fears of an escalating conflict.

Thousands celebrate South Korean Pride parade in Seoul

Tens of thousands of LGBTQ South Koreans and supporters gathered in central Seoul for annual Pride celebrations on Saturday, with a central government agency represented for the first time.

Israel warns 'Tehran will burn' after wave of missile fire

Israel's defence minister warned Saturday that "Tehran will burn" and its residents pay dearly if Iran continues its missile strikes against Israeli civilians.

Death toll in India plane crash rises to at least 279

The death toll from the fiery crash of a London-bound passenger jet in an Indian city climbed to 279 on Saturday as officials sought to match the DNA of victims with their grieving relatives.

Israel targets Iran's military capabilities

Israel targeted Iran's air defences and missile launchers on Saturday as it pressed its bid to dismantle its arch-foe's military capabilities, after a night of mutual attacks.

Iran fires back at Israel after onslaught hits nuclear sites

Iran struck Israel with barrages of missiles on Saturday, a day after a massive onslaught against its nuclear and military facilities killed top generals and nuclear scientists.

Sawt Falasteen - Economy (English)