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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Pope Leo XIV says choice of name reflects social commitment

Pope Leo XIV said Saturday he intended to follow his predecessor's path as pontiff, praising Francis's "complete dedication to service" and explaining his name choice reflected a commitment to social causes, according to the Vatican.

With papacy, Leo XIV inherits Vatican money troubles

Along with the spiritual leadership of the world's 1.4 billion Catholics, Pope Leo XIV now inherits oversight of the Vatican's shoddy finances -- and his predecessor's efforts to clean them up.

'Pragmatic' approach could reap 'ambitious' UK-EU deal: Starmer

A "pragmatic" approach to talks on food standards, youth mobility and European courts could yield an "ambitious" post-Brexit deal between the EU and UK, Prime Minister Keir Starmer said in an interview published Saturday by The Guardian newspaper.

Thousands confined indoors by toxic chlorine cloud in Spain

Spanish authorities told more than 160,000 people near Barcelona to stay indoors on Saturday after a fire at an industrial warehouse released a toxic cloud of chlorine over a wide area.

US and China meet in bid to 'de-escalate' trade war

Senior US and Chinese officials met in Geneva on Saturday in a bid to de-escalate a trade war sparked by President Donald Trump's sweeping tariff rollout and fuelled by Beijing's strong retaliation.

US and China set for talks in bid to 'de-escalate' trade war

Senior US and Chinese officials will meet in Geneva on Saturday, seeking to de-escalate a trade war sparked by President Donald Trump's sweeping tariff rollout and fuelled by Beijing's strong retaliatory measures.

China's consumption slide deepens as tariff war bites

China said Saturday that consumer prices slumped in April for the third straight month, reflecting persistent challenges as leaders attempt to revive an economy stymied by sluggish spending and a fierce trade war with Washington.

Gabon longs to cash in on sacred hallucinogenic remedy

Beneath yellow fruit, hidden within the roots of the iboga plant in the forests of Gabon, lies a sacred treasure that the country is keen to make the most of.

Stocks mixed as global markets eye US-China tariff talks

Global stocks were mixed Friday as markets awaited weekend US-China talks amid hopes for a deescalation in the trade war between the world's two largest economies.

Serbia's Vucic seeks low-price gas in Putin meeting

Serbian President Aleksandar Vucic asked Vladimir Putin during a meeting Friday to keep providing his country with cut-price gas, an arrangement the Russian leader said they would "definitely" discuss.

Dozens of minors killed in Mexico cartel infighting

Dozens of minors have been killed during months of fighting between two factions of the Sinaloa drug cartel in northwestern Mexico, a local ombudsman said Friday.

US, Swiss agree to speed up tariff talks

Switzerland and the United States agreed Friday to speed up negotiations towards a deal on averting further tariffs planned by Washington, the Swiss president said after talks with top US officials.

Trump suggests lower 80% China tariff ahead of Geneva trade talks

US President Donald Trump signaled on Friday that he could lower tariffs on Chinese imports, as the rival superpowers prepare for trade talks in Switzerland over the weekend.

British Airways owner unveils big Boeing, Airbus order

IAG, owner of British Airways and Spanish carrier Iberia, announced Friday a multi-billion dollar order for Boeing and Airbus planes, as it maintained its outlook despite economic uncertainty.

Japan's Panasonic targets 10,000 job cuts worldwide

Japanese electronics giant Panasonic, which supplies batteries to Tesla, said Friday it will target 10,000 job cuts worldwide as part of efforts to boost profitability.

German lender Commerzbank's profits jump as it fends off UniCredit

German lender Commerzbank on Friday reported its best quarterly profit since 2011, ahead of a key shareholder meeting where it will seek to rally support to fend off advances from Italy's UniCredit.

China sales to US slump even as exports beat forecasts

China said Friday sales to the United States slumped last month while its total exports topped forecasts, as Beijing fought a gruelling trade war with its superpower rival.

Chinese fabric exporters anxious for US trade patch-up

Surrounded by samples of silk and glittering tweed in one of China's largest fabric markets, textiles exporter Cherry said she was anxiously awaiting the result of trade talks with the United States this weekend.

Former head of crypto platform Celsius sentenced 12 years

The founder and former CEO of bankrupt cryptocurrency trading platform Celsius, Alexander Mashinsky, was sentenced Thursday to 12 years in prison on fraud charges.

Trump unveils UK trade deal, first since tariff blitz

US President Donald Trump and British Prime Minister Keir Starmer unveiled a "historic" trade agreement Thursday, Trump's first deal with any country since he unleashed a blitz of sweeping global tariffs.

US automakers blast Trump's UK trade deal

The Trump administration's latest trade deal with Britain unfairly penalizes US automakers that have partnered with Canada and Mexico, a trade group representing Detroit automakers said Thursday.

US unveils ambitious air traffic control upgrade

The Trump administration unveiled Thursday a plan to overhaul the antiquated US air traffic control system, acting with industry and lawmakers' support on a hot-button issue after a deadly crash this year.

Trump hails 'breakthrough' US-UK trade deal

US President Donald Trump unveiled a "breakthrough" trade agreement with Britain on Thursday, the first deal with any country since he launched his global tariffs blitz.

Stocks rise as US-UK unveil trade deal

Stock markets mostly rose Thursday as US President Donald Trump unveiled a trade deal with Britain, boosting hopes for other countries' tariff negotiations.

UN says Israel school closures in east Jerusalem 'assault on children'

The head of the UN agency for Palestinian refugees on Thursday decried an "assault on children" after Israel closed all six of its schools in annexed east Jerusalem, months after an Israeli ban on its activities took effect.

Bank of England cuts interest rate as US tariffs hit economy

The Bank of England on Thursday cut its key interest rate by a quarter point to 4.25 percent as the threat of US tariffs starts to weigh on economic growth.

Wolf protection downgrade gets green light in EU

EU lawmakers on Thursday gave the green light to downgrading wolf protections in the bloc, which will allow hunting to resume under strict criteria.

Stocks rise as Trump signals US-UK 'trade deal'

Stock markets and the dollar rose Thursday as US President Donald Trump touted plans to unveil a "major trade deal" with Britain, boosting hopes for other countries' tariff negotiations.

Stocks rise on trade hopes, London boosted by reports of deal

Asian markets were mixed Thursday ahead of weekend tariff talks between China and the United States, while London was boosted by reports that a "major trade deal" flagged by Donald Trump was with Britain.

Emirates airline group announces record $6.2 bn gross profit

Dubai's Emirates Group, which includes the Middle East's biggest airline, announced on Thursday gross annual profit of $6.2 billion, its third record in three years.

Toyota cites tariffs as it forecasts 35% net profit drop

Japanese auto giant Toyota forecast on Thursday a 35 percent year-on-year drop in net profit for the current financial year, citing Donald Trump's vehicle tariffs among other factors.

Global cult following keeps Le Creuset simmering

They feature in the Duchess of Sussex's "With Love, Meghan" Netflix cooking show. They've been spotted in rapper Snoop Dogg's kitchen. Top chefs can't live without them, and TikTok posts draw millions.

Sawt Falasteen - Economy (English)