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

Honda forecasts 70% net profit drop citing 'tariff impact'

Japan's Honda Motor on Tuesday forecast a 70 percent drop in net profit for the 2025-26 financial year as US trade tariffs weigh on the global auto industry.

Japan's SoftBank posts $7.8 bn annual net profit

Japanese tech investor SoftBank Group, a major player in the US Stargate artificial intelligence drive, on Tuesday posted a bumper full-year net profit of $7.8 billion.

Vietnam death row tycoon promises to turn properties into 'golden goose'

A Vietnamese property tycoon trying to avoid a death sentence for multi-billion-dollar fraud has promised to turn her property empire into a "golden goose" to help pay back the assets she embezzled, her lawyer said Tuesday.

Trump starts Gulf trip in Saudi eyeing deals

Donald Trump arrived in Saudi Arabia on Tuesday on the first leg of a Gulf tour that will also take him to Qatar and the United Arab Emirates, eyeing business deals even as accords on the Middle East's hotspots will likely be harder to reach.

US tariffs hit Central Europe, Balkans growth: Europe bank

Economic growth in Central Europe and the Balkans is expected to be strained this year by US President Donald Trump's tariff policies, Europe's development bank forecast Tuesday.

Inner workings of AI an enigma - even to its creators

Even the greatest human minds building generative artificial intelligence that is poised to change the world admit they do not comprehend how digital minds think.

Air Force One: iconic jet gets the Trump treatment

It is arguably the world's most iconic plane, an instantly recognizable symbol of the US presidency.

Progressive influencer tells of detention at US airport

A high-profile left-wing influencer and political commentator said Monday he was detained for hours by US border officials and interrogated about his political views.

Trump announces drug price cut with swipe at Europe

US President Donald Trump said Monday he would slash drug prices so they match those abroad, accusing Europe in particular of practices that force up prices for Americans.

US, China agree to slash tariffs as Trump says will speak to Xi

The United States and China announced Monday an agreement to drastically reduce tit-for-tat tariffs for 90 days, an outcome President Donald Trump dubbed a "total reset" as he said that talks with counterpart Xi Jinping could soon follow.

Sean 'Diddy' Combs was 'coercive and criminal,' jury hears

A prosecutor painted Sean "Diddy" Combs at his trial Monday as an "unfaithful, jealous, and at times, angry" offender who used violence and threats to control women he abused over many years.

Opening statements start in Sean 'Diddy' Combs trial

Opening statements started Monday in the federal sex trafficking trial of Sean "Diddy" Combs, the music mogul accused of committing years of chilling abuse.

US, China agree to slash tariffs as Trump says to speak with Xi soon

The United States and China announced Monday an agreement to drastically reduce tit-for-tat tariffs for 90 days, an outcome President Donald Trump dubbed a "total reset" as he said a call with counterpart Xi Jinping could soon follow.

White S.Africans resettled in US did not face 'persecution': govt

The white Afrikaners who have accepted resettlement in the United States did not face "any form of persecution" in South Africa, the foreign ministry said on Monday.

UK govt toughens immigration plans as hard-right gains

UK Prime Minister Keir Starmer vowed Monday to "finally take back control" of Britain's borders as his government unveiled policies designed to reduce legal immigration and fend off rising support for the hard right.

Under pressure, UK govt unveils flagship immigration plans

Prime Minister Keir Starmer vowed Monday to "finally take back control" of Britain's borders as his government unveiled policies designed to reduce immigration and fend off rising support for the hard right.

Markets rally after China and US slash tariffs for 90 days

Stocks rallied Monday after Chinese and US officials held "substantial" trade talks and slashed their tit-for-tat tariffs for 90 days, fuelling hopes the two sides will pull back from a standoff that has rattled global markets.

Salt of the earth: Pilot project helping reclaim Sri Lankan farms

A commando in an elite Sri Lankan police unit, Sameera Dilshan has an unusual mission -- to reclaim farms poisoned by salt, a long-standing problem now accelerating due to climate change.

US, China to publish details of 'substantial' trade talks in Geneva

The US and China will Monday give details of "substantial progress" touted by Washington on trade talks aimed at ending a devastating tariff war launched by US President Donald Trump that has wiped billions off equities and brought chaos to international commerce.

Asian markets rally after positive China-US trade talks

Asian stocks rallied Monday after top Chinese and US officials held "substantial" trade talks at the weekend, fuelling hopes the two sides will dial down a tariff standoff that has rattled global markets and fuelled recession fears.

Chinese EV battery giant CATL aims to raise $4 bn in Hong Kong IPO

Chinese EV battery giant CATL aims to raise $4 billion in its Hong Kong listing scheduled for May 20, said a statement filed to the bourse Monday, making it the largest IPO expected in the city so far this year.

Parade, protests kick off Eurovision Song Contest week

The Eurovision Song Contest burst into Basel on Sunday, but a parade launching a week of build-up to the grand final was marked by protests over Israel's participation.

US-China talks resume as Trump hails 'total reset' in trade relations

Talks between top US and Chinese officials resumed for a second day Sunday, after US President Donald Trump voiced optimism over the negotiations aimed at de-escalating trade tensions sparked by his aggressive tariff rollout.

Scottish refinery closure spells trouble for green transition

Andrew Petersen is a third-generation oil refinery worker from a small, industrial Scottish town.

'Treasure hunt': tourists boost sales at Japan's Don Quijote stores

Business is booming at Japanese discount chain Don Quijote, which sells everything from nostril-hair wax to compact gadgets and colourful party costumes, thanks to its cult status among tourists but also inflation at home.

As Trump family's Gulf empire grows, rulers seek influence, arms, tech

Ahead of US President Donald Trump's Gulf visit next week, his son Eric was promoting his crypto firm in Dubai, while Don Jr prepared to talk about "Monetising MAGA" in Doha.

Film claims to name killer of slain journalist Shireen Abu Akleh

A new documentary purports to name the Israeli soldier who killed Al Jazeera reporter Shireen Abu Akleh, who was gunned down in the West Bank while reporting in 2022.

Trump hails US-China trade 'reset' after first day of talks

US President Donald Trump hailed early Sunday a "total reset" in US-China trade relations following the first day of talks between top American and Chinese officials in Geneva aimed at de-escalating tensions sparked by his aggressive tariff rollout.

Leo XIV, new pope and 'humble servant of God', visits Francis's tomb

Leo XIV prayed at the tomb of Pope Francis on Saturday, just two days after being elected new head of the Catholic Church and hours after vowing to humbly follow in his predecessor's footsteps.

Verdict due Tuesday in Depardieu sexual assault trial

A court in Paris on Tuesday is set to hand down a verdict in the sexual assault trial of French cinema icon Gerard Depardieu, a case that gripped the country for weeks.

US and China meet in 'important step' towards de-escalating trade war

Senior US and Chinese officials were meeting in Geneva Saturday in what Chinese state media described as an "important step" towards resolving the trade war sparked by President Donald Trump's sweeping tariffs.

Champions Chelsea finish WSL season unbeaten

Chelsea ended the Women's Super League season unbeaten after Aggie Beever-Jones's stoppage-time goal secured a 1-0 win over Liverpool at Stamford Bridge on Saturday.

Sawt Falasteen - Economy (English)