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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Stocks climb after US court blocks Trump tariffs

Global stocks and the dollar largely firmed Thursday after a US court blocked most of President Donald Trump's sweeping tariffs from taking effect.

S.African woman gets life term for selling 6-year-old daughter

A South African court on Thursday sentenced a woman to life in prison for kidnapping and selling her six-year-old daughter, in a case that horrified the country.

Zimbabwe's farmers push on as land grab compensation flounders

In a field of paprika plants in the heart of Zimbabwe, fourth-generation farmer Daniel Burger and relative newcomer Miriam Mupambawashe discuss the quality of the crop.

Loggers fell old, native forests on Australian island

On the edge of a dense forest on a rugged Australian island, an enormous stump rises from the ground -- all that remains of a eucalyptus tree that towered into the canopy for centuries.

Africa elects its next 'super banker'

The race to become Africa's next "super banker" ends on Thursday, with five candidates, including one woman, vying to succeed Nigeria's Akinwumi Adesina as head of the African Development Bank in a contest that appears too close to call.

US trade court blocks tariffs in major setback for Trump

A US federal court on Wednesday blocked most of Donald Trump's sweeping import tariffs from going into effect, ruling that the president had overstepped his authority with the across-the-board global levies.

Nvidia earnings beat expectations despite US export controls

Nvidia on Wednesday reported earnings that topped market expectations, with a $4.5 billion hit from US export controls being less than the Silicon Valley chip juggernaut had feared.

Global markets sink as rally over eased trade tensions fades

Global stock markets sank Wednesday on evaporating cheer over eased tariff tensions, while oil prices climbed as Washington appeared closer to imposing new sanctions on Moscow over Ukraine.

OPEC+ meets as oil output hike looms

Ministers of the OPEC+ oil alliance, led by Saudi Arabia and Russia, discussed production on Wednesday as another hike looms despite falling prices.

Brazil airline Azul files for bankruptcy protection in US

Brazil's biggest airline by number of flights and destinations, Azul, announced Wednesday it had filed for bankruptcy protection in the United States to try restructure debt arising from the pandemic and from supply chain issues.

Stocks sink as rally over eased trade tensions fades

Stock markets sank Wednesday on evaporating cheer over eased tariff tensions, and oil prices climbed as Washington appeared closer to possibly putting fresh sanctions on Moscow over Ukraine.

Telegram to get $300 mn in partnership with Musk's xAI

Telegram established a partnership with Elon Musk's xAI to provide the Grok generative artificial intelligence program on the messaging service for one year, Telegram's CEO announced Wednesday.

Longer flight delays without compensation? EU plan divides

The EU is considering allowing airlines to incur longer flight delays without having to compensate passengers in a move that has consumer groups up in arms and is dividing member states.

French surgeon handed maximum term for abusing children for decades

A French court on Wednesday gave the maximum 20-year jail term to a surgeon who admitted sexually abusing hundreds of patients, most of them children, during more than two decades.

Political protests paralyse Bangladesh daily life

Protests have become part of daily life in Bangladesh's capital, with residents either taking part as political parties jostle for power after an uprising last year -- or avoiding them.

French court to rule on surgeon who abused children for decades

A French court is to give its verdict Wednesday in the trial of a surgeon who admitted to sexually abusing hundreds of patients over more than two decades, in one of the country's largest child sex abuse cases.

Asian stocks rally fades as Japan debt sale disappoints

Asian equities wobbled Wednesday as investors struggled to track a Wall Street rally fuelled by forecast-beating US consumer confidence data, with a weak Japanese debt sale adding to worries about rising bond yields.

Jeep owner Stellantis names Italian Antonio Filosa as new CEO

Auto giant Stellantis, whose brands include Jeep, Peugeot and Fiat, on Wednesday named company veteran Antonio Filosa as its new chief executive officer as the US-European group navigates US tariffs and slumping North American sales.

'State of emergency' in Panama after strike leads to layoffs

The Panamanian government on Tuesday declared a state of emergency in one province after US banana giant Chiquita Brands laid off about 5,000 workers following a strike that had ground its production to a halt.

Ancient bread rises again as Turkey recreates 5,000-year-old loaf

In the early Bronze Age, a piece of bread was buried beneath the threshold of a newly built house in what is today central Turkey.

China not trying to 'replace' US in Colombia: ambassador

China is not seeking to "replace" the United States as the top trading partner of Colombia, Beijing's ambassador to Bogota, whose president has announced a pivot to China, told AFP on Tuesday.

Second suspect in New York bitcoin kidnapping surrenders to police

A second suspect in the alleged kidnapping and torture of an Italian bitcoin investor in New York surrendered on Tuesday, authorities said.

WHO restructures, cuts budget after US withdrawal

The World Health Organization tried to stabilise its finances at its annual assembly which ended on Tuesday, but still remains well short of reaching its already reduced target.

'No-kids' holiday venue? Think again, says France

The French government is mulling measures to clamp down on adult-only hotels and restaurants, with a top official warning that hospitality venues excluding children in a so-called "no kids" strategy were dividing society.

SE Asian nations express 'deep concern' over US tariffs

Southeast Asian leaders expressed "deep concern" over US tariffs Tuesday, as they held a summit with China and Gulf states hailed as "a response to the call of the times" in a geopolitically uncertain world.

India approves development of prototype advanced fighter jet

India's defence minister approved on Tuesday a programme to develop an advanced fighter jet prototype, the latest push to boost local arms production, nearly three weeks after a conflict with arch-rival Pakistan.

Tesla EU sales slump 53% in April: trade group

Sales of cars made by Elon Musk's Tesla slumped by more than half in April as Chinese electric carmakers saw their share surge, the continent's manufacturing association said Tuesday.

EU approves 150-billion-euro loan scheme to rearm

EU countries on Tuesday formally approved a new 150-billion-euro loan programme to help rearm in the face of Russia and worries over US reliability, according to the Polish presidency of the bloc.

Nuclear option: Indonesia seeks to grow energy, cut emissions

Indonesia is hoping going nuclear can help it meet soaring energy demand while taming emissions, but faces serious challenges to its goal of a first small modular reactor by 2032.

Developing nations face 'tidal wave' of China debt: report

The world's poorest nations face a "tidal wave of debt" as repayments to China hit record highs in 2025, an Australian think tank warned Tuesday in a new report.

Fire halts production at Ecuador's biggest oil refinery

A fuel tank fire on Monday halted production at Ecuador's largest oil refinery, sparking the evacuation of nearby residents as a giant plume of smoke billowed from the facility.

SE Asian leaders meet China's Li and Gulf states to bolster ties

Southeast Asian leaders are looking to insulate their trade-dependent economies from geopolitical uncertainty, in particular US tariffs, as they hold talks with Chinese Premier Li Qiang and Gulf state dignitaries in Kuala Lumpur on Tuesday.

Sawt Falasteen - Economy (English)