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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Austria's JJ makes operatic pop soar at Eurovision

Falsetto voice and angelic smile: Johannes Pietsch, alias JJ, has emerged as Austria's best chance of winning this year's Eurovision song contest since the triumph of bearded drag performer Conchita Wurst 11 years ago.

Toyota cites tariffs as it forecasts 35% drop in 2025-26 net profit

Japanese auto giant Toyota on Thursday forecast a 35 percent year-on-year drop in net profit for 2025-26 citing Donald Trump's vehicle tariffs among other factors.

Stocks rise further on growing trade deal hopes

Asian stocks extended their rally Thursday on hopes for an easing of trade war tensions as China and the United States prepare for weekend talks and after Donald Trump flagged a "major trade deal" later in the day.

NZ Rugby posts $19.7mn loss, admits financial model 'not sustainable' financial model

New Zealand Rugby recorded sizeable losses in yearly accounts released Thursday, with chief executive Mark Robinson saying its commercial model was "not sustainable" despite a contentious private equity cash injection.

Bank of England set to cut rate amid Trump's tariffs

The Bank of England is widely expected to cut its key interest rate by a quarter point Thursday as US President Donald Trump's planned tariffs threaten to weaken economic growth.

Google shares plunge after Apple executive's court testimony

Shares in Google parent Alphabet plunged more than eight percent on Wednesday after Apple executive Eddy Cue testified in federal court that Google's search traffic on Apple devices declined last month for the first time in over two decades.

US safety officials slow operations at Newark airport after outage

Regulators said Wednesday they have been slowing arrivals and departures at one of the United States' busiest airports following a 90-second traffic control system outage last week that has industry experts sounding alarm bells.

US Fed pauses rate cuts again, flags higher inflation risk

The US Federal Reserve on Wednesday announced another rate cut pause and warned of higher risks to its inflation and unemployment goals in a likely reference to President Donald Trump's tariffs

Chinese stocks, dollar rise before trade talks, Fed move

Chinese stocks rose on Wednesday, as did the dollar, as investors eyed weekend US-China trade talks and an imminent Federal Reserve interest-rate decision.

EU trade chief says accelerating free trade talks with Asia

The European Union is accelerating free trade talks with Asia following hefty tariffs by US President Donald Trump, the bloc's trade chief said Wednesday.

Sheinbaum says Mexico will defend free trade deal with US, Canada

Mexico will fight to keep its free trade agreement with the United States and Canada in the face of President Donald Trump's trade war, Mexican President Claudia Sheinbaum said Wednesday.

China's Xi lands in Moscow to beef up 'no limits' Putin partnership

Chinese President Xi Jinping landed in Moscow on Wednesday for a key three-day visit including a grand Victory Day parade and a show of support for Vladimir Putin.

Disney announces new theme park in Abu Dhabi

The Walt Disney Company announced plans Wednesday for a new theme park in the United Arab Emirates, highlighting the country's growing prominence as a global financial and entertainment hub.

US, Chinese stocks up before trade talks, Fed move

US and Chinese stocks rose on Wednesday, along with the dollar, as investors eyed weekend US-China trade talks and an imminent Federal reserve interest-rate decision.

Merz tells France Mercosur trade deal must be ratified 'quickly'

Germany's new Chancellor Friedrich Merz said on Wednesday EU countries should "quickly" ratify a free trade deal with four South American nations that has met with staunch opposition from France.

Weight-loss drugmaker Novo Nordisk slims sales forecast

Danish drugmaker Novo Nordisk, known for its blockbuster diabetes and weight-loss treatments Ozempic and Wegovy, cut its annual sales forecast on Wednesday, citing a decline in its US market share.

Danish firm Orsted halts huge UK offshore wind farm project

Danish renewables firm Orsted said Wednesday it was shelving plans to build a massive wind farm off the UK coast due to rising costs, dealing a setback to Britain's clean energy goals.

BMW upbeat on riding out US tariff chaos

German premium carmaker BMW said Wednesday that it expected to largely ride out the impact of US tariffs over the coming year, and that it hoped to soften their impact.

Asian stocks rise as China-US trade talks boost optimism

Asian equities rose Wednesday after China and the United States said they would hold trade talks at the weekend, fanning optimism that the superpowers can row back eye-watering tariffs that have heightened recession fears.

Sotheby's postpones historical gems auction after India backlash

Sotheby's in Hong Kong postponed an auction of gems with ties to early Buddhism on Wednesday after opposition from India, which said the jewels were the country's religious and cultural heritage.

Tobacco town thrives as China struggles to kick the habit

Visitors mill around a bright red hilltop pagoda in southwestern China, gazing down at a sprawling cigarette factory whose deadly output has put an otherwise unremarkable city on the map.

'No one is illegal': Mormon women stage patchwork protest in Washington

At the base of the Capitol in Washington, dozens of Mormon women gathered Tuesday for a unique type of protest: meticulously sewing together giant quilts to call on legislators to protect the US Constitution as Donald Trump gets closer and closer to ignoring it.

Indonesia's silvermen beg to make ends meet

On a rainy day in Indonesia's capital Jakarta, three men coated in metallic paint known as the "manusia silver", or silvermen, brave the elements at an intersection near a mall to ask drivers for change.

China vows to defend 'justice' in looming trade talks with US

China vowed Wednesday to defend "justice" in upcoming trade talks with the United States in Switzerland -- the two sides' first negotiations following President Donald Trump's sweeping tariff rollout that roiled global markets.

Wallace MacDonald Holdings (WMH) Ignites a New Era of American Manufacturing with Revolutionary "Made in America" Technology Complex in Nevada

The First Fully Integrated U.S. Technology Hub for Semiconductors, Solar Wafers, Energy Storage, Advanced Solar Modules, and Cutting-Edge Aerospace Research, Powered by President Donald J. Trump and Vice President JD Vance's Vision for American Industrial Dominance

Merz elected German chancellor after surprise setback

Germany's conservative leader Friedrich Merz won a nail-biting second parliamentary vote Tuesday to become chancellor after losing the first round in a stunning setback.

Colombia's desert north feels the pain of Trump's cuts

For residents of Colombia's largest migrant camp, an already tough life is getting tougher thanks to Donald Trump's aid cuts.

Canada 'never for sale', Carney tells Trump

Canadian Prime Minister Mark Carney told US President Donald Trump that his country was "not for sale" Tuesday as they met at the White House amid tensions on tariffs and sovereignty.

Sudan cuts ties with UAE after paramilitary drone strikes on Port Sudan

Sudan's army-aligned government on Tuesday severed diplomatic ties with the United Arab Emirates, accusing the Gulf state of supplying weapons used by the rival paramilitaries to strike its de facto capital.

No signs of US recession, Treasury Secretary says

There are currently no signs that the United States has entered a recession despite the world's largest economy recording a contraction in the first quarter, the US Treasury Secretary said Tuesday.

Germany's Merz elected chancellor after surprise setback

Germany's conservative leader Friedrich Merz won on Tuesday a nail-biter second vote in parliament to become chancellor after he lost the first round in a stunning early setback.

EU proposes ending all Russian gas imports by 2027

The EU on Tuesday unveiled a long-promised plan to phase out its remaining gas imports from Russia by the end of 2027, a challenge given Europe's continued dependence on Russian fossil fuels.

Sawt Falasteen - Economy (English)