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

UK, India strike trade deal amid US tariff blitz

The UK on Tuesday agreed a free trade agreement with India, its biggest such deal since leaving the European Union, after negotiations relaunched in February following US tariff threats.

Stocks retreat as traders cautious before Fed rates call

Stock markets mostly dropped on Tuesday as investors awaited a US Federal Reserve interest-rate decision for signs of the outlook for the tariffs-hit economy.

EDF complaint blocks Czech-Korean nuclear deal

A Czech court said Tuesday it blocked a multi-billion-dollar deal between Prague and South Korea's KHNP on the construction of two nuclear units following a complaint by France's EDF.

Germany's Merz faces new vote for chancellor after surprise loss

Germany's conservative leader Friedrich Merz will face a second vote in parliament on Tuesday in his bid to become chancellor after he lost the first round in a stunning early setback.

US trade deficit hit fresh record before new Trump tariffs

The US trade deficit reached a new record in March, according to fresh government data published Tuesday, as imports surged ahead of President Donald Trump's "liberation day" tariff rollout.

US Fed starts rate meeting under cloud of tariff uncertainty

The US Federal Reserve began a two-day discussion over interest rates Tuesday, with policymakers widely expected to pause again and wait for clarity on the economic impact of Donald Trump's tariff rollout.

French lawmakers want Dreyfus promoted 130 years after scandal

A group of French members of parliament said Tuesday they wanted Alfred Dreyfus, a Jewish French army captain wrongly convicted for treason in 1894, to be awarded the rank of brigadier general.

Tesla sales fall again in Germany as drivers steer clear of Musk

Tesla sales nosedived again in Germany last month even as electric vehicle sales rose strongly, data showed Tuesday, as German drivers voted with their wallets against billionaire owner Elon Musk.

Blow for Germany's Merz as he loses first-round vote for chancellor

Germany's conservative leader Friedrich Merz suffered a serious blow on Tuesday when he failed to win a parliamentary majority in the first round of voting on him becoming the next chancellor.

Food delivery app DoorDash agrees to buy peer Deliveroo

US food delivery app DoorDash has agreed to buy UK-based rival Deliveroo for £2.9 billion ($3.9 billion) in a deal that will expand its global reach.

Ukraine fires drones on Moscow days before Red Square parade

A barrage of Ukrainian drones forced Russian airports, including in Moscow, to restrict flights on Tuesday -- three days before the Kremlin will hold its grand military parade on Red Square to mark the defeat of the Nazis.

DoorDash agrees £2.9 billion takeover of Deliveroo

US delivery service DoorDash has agreed to take over UK peer Deliveroo in a deal worth £2.9 billion ($3.9 billion), according to a joint statement on Tuesday.

Dollar recovers some losses, stocks mixed as traders eye tariff deals

The dollar rose in Asia on Tuesday fuelled by hopes for trade deals to avert Donald Trump's sweeping tariffs, while equities were mixed as investors await the Federal Reserve's latest policy decision.

Drone strikes rock Port Sudan in third day of attacks

Drones struck the airport and targeted an army base in Port Sudan on Tuesday, officials said, the third straight day the Sudanese army-aligned government's seat of power has come under attack.

US President Trump and Canada's Carney set for high-stakes meeting

Canadian Prime Minister Mark Carney meets Donald Trump on Tuesday for the first time since he won reelection on a pledge to stand up to the US president's tariffs and threats to annex the United States' northern neighbor.

Philips turns in a profit but China, tariffs weigh

Dutch medical device maker Philips reported a net profit for the first time in three quarters Tuesday despite weak sales in China but warned of "intensified" uncertainties due to tariffs.

India's woman fighter pilot trailblazer eyes space

The excited little girl who first touched a plane two decades ago is now flying high as the face of India's fast-modernising military and its only woman Rafale fighter pilot.

French Resistance members reunited 80 years after end of WWII

Renee Guette, 98, laughed as she looked at her computer screen in Texas. On the other end of the video call was 97-year-old Andree Dupont, living in France.

OpenAI abandons plan to become for-profit company

OpenAI CEO Sam Altman announced Monday that the company behind ChatGPT will continue to be run as a nonprofit, abandoning a contested plan to convert into a for-profit organization.

Global film industry reels from Trump tariff announcement

The cinema industry is reeling after US President Donald Trump announced 100-percent tariffs on foreign films, casting uncertainty over the future of international productions.

Meta content moderator cuts over 2,000 jobs in Spain: union

Canadian tech firm Telus International, tasked by Meta to moderate content on its social media networks Facebook and Instagram, will slash over 2,000 jobs in Barcelona, a Spanish union said Monday.

US film studio shares slip on Trump tariff threat

Shares in US film studios slid on Monday following a threat by US President Donald Trump to impose 100 percent tariffs on foreign-made productions.

France names first Concorde jet a historical monument

The first Concorde supersonic passenger aircraft has been named as a historical monument, France's culture minister said Monday.

Spain foreign tourist numbers break record in early 2025

Spain welcomed a record 17 million foreign tourists in the first three months of 2025 as the buoyant sector drives an economy outshining European peers, official data showed on Monday.

Top French chefs warm to AI in the kitchen

At the annual gathering of France's finest chefs for the Michelin Guide awards this year, the talk was not only about whose restaurants had gained or lost a star.

Oil prices slide after OPEC+ output hike

Oil prices slumped on Monday after OPEC+ countries announced a sharp production increase despite oversupply concerns and growing fears that US President Donald Trump's trade war could weaken demand.

Facing a broken economy, Ghana's tech-savvy teens turn to fraud

In the dusty alleys of Nima, a shanty town in the heart of Ghana's capital, a 17-year-old called Ghost reclines on a faded plastic chair inside a dimly lit internet cafe.

Trump says ordering '100% tariff' on all movies produced abroad

US President Donald Trump said Sunday he was ordering new tariffs on all films made outside the United States, claiming Hollywood was being "devastated" by a trend of US filmmakers and studios working abroad.

'Bombshell' OPEC+ output hike hits oil price

Oil prices slumped on Monday after eight OPEC+ members announced a sharp increase in production, while Asian stocks treaded water in thin trade with major markets closed.

Black Iron Congratulates the U.S. and Ukraine on Their Minerals Deal and Aims to Help Pave the Way With Its Highly Advanced Ukraine New Mining Project

U.S. and Ukraine entered into a landmark agreement to jointly develop Ukraine's vast mineral resources.Black Iron (TSX:BKI) is developing the most advanced project to construction in Ukraine.Black Iron's successful construction and operation will create a development roadmap for investments under the U.S. - Ukraine Minerals Agreement.

US Fed expected to pause rate cuts again, await clarity on tariffs

The US Federal Reserve is widely expected to extend a recent pause in rate cuts this week as it waits to see how President Donald Trump's stop-start tariff rollout affects the health of the world's largest economy.

Trump says 'I don't know' if must uphold US Constitution as president

US President Donald Trump said in remarks airing Sunday that he does not know whether he must uphold the US Constitution, the nation's founding legal document.

Sawt Falasteen - Economy (English)