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

Trump's trade whiplash sends dollar into tailspin

The mighty dollar is sliding sharply as President Donald Trump's turbulent trade agenda has battered US credibility in global markets and fanned fears of a self-inflicted economic downturn.

Dollar slides, stocks diverge as China hits back at US tariffs

The dollar tumbled and gold hit a fresh record high on Friday, while stocks diverged as hiked Chinese tariffs on the United States deepened a trade between the world's two largest economies.

Dollar, stocks hit and gold hits record as trade war panic returns

The dollar tumbled with most stocks while gold hit a fresh record high as panic gripped markets again on Friday, while China retaliated against Donald Trump's latest tariff blitz against the world's number two economy.

Xi calls for EU, China to resist Trump trade war 'bullying'

China's President Xi Jinping urged the European Union on Friday to join hands with Beijing in resisting "unilateral bullying", after US President Donald Trump's tariff onslaught sparked mayhem on world markets.

Apple’s iPhone 16 hits Indonesia stores after monthslong ban

Smartphone buyers were cheered by shopkeepers in Jakarta on Friday after Apple's latest smartphone went on sale following a monthslong ban in Indonesia.

Sweden drowns in discarded fast fashion items

Sweden's recycling centres are overflowing with clothes after an EU-wide ban this year on throwing away textiles, leaving overwhelmed municipalities eager to have fast fashion giants take responsibility.

Despite US tariffs pause, southern African economies under threat

Washington's 90-day pause on higher tariffs is of little comfort to southern African economies facing the collapse of a preferential trade deal and a 25-percent hike on car imports, analysts say.

Stocks, dollar hit as Trump admits costs of 'beautiful' trade blitz

Jitters about US tariffs hammered stocks and the dollar again Friday as President Donald Trump acknowledged the costs from his rollercoaster trade offensive but predicted a "beautiful" ending.

Despite Trump pause, overall US tariff rate at highest in a century

US President Donald Trump's delay of steeper tariffs may have won brief respite on Wall Street, but analysts say his actions -- which hit China especially hard -- already bring the average US effective tariff rate to its highest in over a century.

'A pain that doesn't subside' at funerals for Dominican nightclub disaster victims

A basketball court in the Dominican town of Haina became a makeshift chapel Thursday, hosting funeral ceremonies for two dozen residents whose lives were abruptly cut short when a nightclub's roof collapsed with hundreds of people inside.

US auto union praises some Trump tariffs

The head of the US auto workers union endorsed car tariffs Thursday as a way to address the "free trade disaster" while rejecting use of the levies for "political games."

IPRoyal Joins Industry Leaders at Think Global 2025 in Dublin

Company's Co-Founder Highlights Lessons Learned After Scaling to 170 Countries in Under Four Years

Tesla opens first showroom in oil-rich Saudi

The Tesla electric vehicle company owned by billionaire Elon Musk on Thursday opened its first showrooms in oil-rich Saudi Arabia -- where hybrid cars remain a rare sight.

Argentina braves 24-hour strike as it awaits word on IMF loan

Trains and planes were grounded in Argentina Thursday as a 24-hour general strike against President Javier Milei's austerity measures paralyzed some services, even as the country awaits news on a fresh IMF loan.

US-China trade war surges, overshadowing Trump climbdown

The US-China trade war intensified Thursday, sending the global economy into unknown territory and dampening relief after President Donald Trump's earlier climbdown from a wider tariff onslaught against the rest of the world.

Global plastic recycling rates 'stagnant' at under 10%: study

The amount of plastic being recycled around the world is stagnant at less than 10 percent with most new plastic still made from fossil fuels, a new study said Thursday.

Miuccia Prada's path from activist to top designer

As a student in the volatile May of 1968, Miuccia Prada took to the streets of Milan to demonstrate for women's rights wearing an Yves Saint Laurent suit.

Wall Street rally fizzles as tariff worries resurface

Wall Street shares fell Thursday as a rally faded over lingering concerns about the economic fallout from President Donald Trump's trade war despite his U-turn on steep new tariffs.

US consumer inflation cools in March on falling gas prices

US consumer inflation cooled last month on plunging gas prices, according to government data published Thursday, as consumers and businesses waited nervously for President Donald Trump's sweeping tariffs to come into effect.

Shanghai finance workers worry after front-row seat to tariff turmoil

As stock prices flashed across a huge screen at a bustling intersection in China's business hub Shanghai, finance workers shared their concerns after getting front-row seats to the global market turmoil wreaked by Donald Trump this week.

EU halts counter-tariffs but no pause in US-China trade war

The EU paused plans for retaliatory tariffs on US goods Thursday after President Donald Trump abruptly suspended higher US duties on the bloc and other countries, leaving China in the crosshairs of his trade war.

Trump tariffs weigh on Germany as institutes cut forecasts

Leading economic institutes Thursday slashed their 2025 growth forecast for Germany to near stagnation, warning Europe's struggling top economy will face extra pain from US President Donald Trump's tariff blitz.

Stocks zoom higher as Trump delays painful tariffs

Stocks rocketed Thursday as a relief rally spread through markets after Donald Trump paused crippling tariffs on US partners, with Chinese investors even brushing off his decision to ramp up duties on Beijing to 125 percent.

Taiwan's TSMC says first quarter revenue up 42 percent

Taiwanese chipmaking giant TSMC reported Thursday a better-than-expected revenue for the first quarter on strong demand for AI technology, after tariffs slapped onto major economies by US President Donald Trump caused global uncertainty.

Vietnam says it will start trade talks with United States

Vietnam and the United States agreed to start negotiations on a reciprocal trade agreement, Hanoi said on Thursday, hours after Washington delayed imposing an enormous tariff on the Southeast Asian manufacturing powerhouse.

Expo 2025 in Japan: five things to know

A multi-eyed mascot, a vast wooden Grand Ring, 160 countries and regions strutting their stuff, and robots and sushi galore: Expo 2025 begins Sunday in Osaka, Japan.

Trump's tariff pause gives market relief, but China trade war intensifies

US President Donald Trump abruptly paused tariffs on most countries, sparking euphoria on global markets Thursday, but upped the ante on a brutal trade war with superpower rival China.

Asian stocks crack higher as Trump delays painful tariffs

Asian stocks rocketed Thursday as investors breathed a huge sigh of relief after Donald Trump announced a pause on crippling tariffs on US partners, with Chinese markets even brushing off his decision to ramp up duties on Beijing to 125 percent.

Cannes to unveil film selection under pressure over industry abuse

The Cannes Film Festival was on Thursday set to unveil the movies that will vie for its coveted Palme d'Or prize next month amid pressure on its bosses to take a stand on tackling abuse in the entertainment industry.

Companies keen to start deep-sea mining off Norway

Companies are raring to explore the Arctic seabed off Norway, which could become the first country in Europe to allow deep-sea mining -- much to the dismay of environmentalists.

China consumer prices slump for second straight month: data

Consumer prices in China fell in March for the second straight month, official data showed Thursday, as the world's second-largest economy struggles to boost spending and a trade war with the United States deepens.

Bahrain Launches Informational Website and Hotline for the Golden Residency to Attract Global Professionals and Investors

MANAMA, BAHRAIN / ACCESS Newswire / April 10, 2025 / With the aim of attracting exceptionally talented individuals and investment into the Kingdom of Bahrain, in line with strategic efforts to enhance national competitiveness and support development across various economic, investment, and service sectors, Bahrain today launched a website (www.goldenresidendy.gov.bh) and a hotline (+973 17484000) dedicated to providing information on its Golden Residency Program. The new services work towards providing a point of reference for interested applicants and beneficiaries.

Sawt Falasteen - Economy (English)