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.

Last news

US business groups voice dismay at Trump's new tariffs

President Donald Trump's sweeping tariff announcement on Wednesday was widely panned by US business lobbying groups, who voiced concern about the impact of the new duties on their operations.

Trump sparks trade war with sweeping global tariffs

US President Donald Trump ignited a potentially ruinous trade war Wednesday as he slapped sweeping 10 percent tariffs on imports from around the world and harsh additional levies on key trading partners.

US stocks end up, but volatility ahead after latest Trump tariffs

Wall Street stocks finished higher Wednesday following a volatile session ahead of US President Donald Trump's latest tariff announcements, while European stocks ended the day lower.

Boeing chief reports progress to Senate panel after 'serious missteps'

The head of Boeing acknowledged to lawmakers Wednesday that it made "serious missteps in recent years" while insisting the aviation giant has chalked up progress in winning back consumer and investor confidence.

Is Musk's political career descending to Earth?

Elon Musk's rise as President Donald Trump's all-powerful wingman was as rapid and unstoppable as one of his SpaceX rockets. But reports Wednesday are fueling speculation that the billionaire's political career may be coming back to Earth.

On Mexico-US border, Trump's 'Liberation Day' brings fears for future

As dawn broke over the Mexican-US border on US President Donald Trump's "Liberation Day," Raul Hernandez steered his semi-trailer carrying Toyota pick-up trucks towards California, worried how tariffs would affect him.

Tesla sales slump as pressure piles on Musk

Tesla's worldwide sales tumbled in the first quarter, figures showed Wednesday, piling further pressure on CEO Elon Musk who faces a growing backlash for his role overseeing US federal spending cuts under President Donald Trump.

Amazon makes last-minute bid for TikTok: report

Amazon has made a last-minute bid to buy TikTok, which faces a US ban if not sold by its Chinese owner, the New York Times reported on Wednesday.

Tesla first quarter sales sink amid anger over Musk politics

Tesla reported a 13 percent drop in first quarter auto sales Wednesday amid lower production during factory upgrades and blowback over CEO Elon Musk's work for President Donald Trump's administration.

Nintendo says Switch 2 console to be launched on June 5

Japanese video game giant Nintendo announced Wednesday that its new Switch console would be available on June 5, starting the countdown for one of the most hotly awaited gaming launches in years.

Certain foreign firms must 'self-certify' with Trump diversity rules: US embassies

The United States is not planning to verify foreign firms over their diversity programmes but needs certain companies to self-certify compliance with new US rules, two of its main European embassies said Wednesday, after a furore over an apparent warning sent to European companies.

Nigerian president sacks board of state oil company

President Bola Tinubu dismissed the entire leadership of Nigeria's state-run oil company Wednesday, naming a former Shell executive to lead the outfit in a sweeping overhaul that one commentator described as "long overdue".

Heathrow 'warned about power supply' days before shutdown

Heathrow airport was warned about its power supply in the days before the entire hub was shut down due to an outage that caused massive disruption, lawmakers were told on Wednesday.

Swedish insurer drops $160 mn Tesla stake over labour rights

Swedish insurance company Folksam said Wednesday it had given up its $160 million stake in Tesla due to the electric carmaker's approach to labour rights.

Stock markets mixed as uncertainty rules ahead of Trump tariffs

Equity markets were mixed Wednesday as nervous investors brace for Donald Trump's wave of tariffs later in the day, with speculation about what he has in store stoking uncertainty on trading floors.

Asian markets edge up but uncertainty rules ahead of Trump tariffs

Asian markets edged up Wednesday as nervous investors brace for Donald Trump's wave of tariffs later in the day, though speculation about what he has in store is stoking uncertainty on trading floors.

UK imposes online entry permit on European visitors

European visitors to the UK will need a new online entry permit from Wednesday as the British government shakes up longstanding travel rules.

How a Brazilian chief is staving off Amazon destruction

You don't need a GPS to find the home turf of the Amazon's most famous resident, Brazilian Chief Raoni Metuktire.

Brazil binman finds newborn baby on garbage route

A garbage collector in Rio de Janeiro got the surprise of his life on Tuesday when he found a newborn baby, that he first took for a discarded doll, abandoned next to a dumpster.

Trump set to unleash 'Liberation Day' tariffs

US President Donald Trump is poised to unveil sweeping new "Liberation Day" tariffs on Wednesday, but kept the world guessing until the last minute about the scope of an onslaught that could spark a global trade war.

GM leads first quarter US auto sales as tariffs loom

General Motors led US vehicle sales in the first quarter, according to company reports Tuesday, as the industry braces for President Donald Trump's incoming tariffs this week.

Trump 'perfecting' new tariffs as nervous world braces

US President Donald Trump kept the world's leading economies on edge Tuesday as he made final preparations for a "Liberation Day" announcement of sweeping new tariffs that could trigger a global trade war.

Trump puts world on edge as 'Liberation Day' tariffs loom

Donald Trump had the world's leading economies on edge Tuesday as the US president prepared to unveil a promised raft of tariffs that could trigger a cascading global trade war.

UK vows £20 million to boost drone and 'flying taxi' services

The UK government said Tuesday it had pledged £20 million ($25.8 million) to help commercial drone services and "flying taxis" take off in Britain.

Ford's US auto sales dip in first quarter as tariffs loom

Auto giant Ford reported a slight drop in first quarter US sales Tuesday, while investors await details of President Donald Trump's upcoming tariffs this week and assess the effects of duties on major carmakers.

UK Supreme Court opens car loans hearing as banks risk huge bill

The UK's highest court on Tuesday began a hearing to determine whether controversial car loans were unlawful, in a case that could cost banks billions of pounds in compensation.

Eurozone inflation eases in March as tariff threat looms

Inflation in the eurozone slowed further in March, official data showed on Tuesday, indicating possible breathing room for policymakers despite the threat of turbulence from US trade tariffs.

Stock markets rise ahead of Trump tariffs deadline

Asian and European stock markets advanced Tuesday, clawing back some of the recent hefty losses, as traders hoped for greater clarity ahead of impending US tariffs.

Facing US tariffs, Canadians hunt for business in Europe

With his small steel mill facing hefty US tariffs, Canadian businessman Chris Wyatt is hunting for new European customers at the world's biggest industrial technology fair in Germany.

Stock markets edge up but Trump tariff fears dampen mood

Asian and European markets squeezed out gains Tuesday, clawing back some of their recent hefty losses, though sluggish sentiment and increased uncertainty saw gold hit another record high as Donald Trump prepares to unveil sweeping tariffs.

Stock markets edge back but Trump tariff fears dampen mood

Carmakers face doubts and jolts over US tariffs

Raise prices or cut into their margins, open or close factories: carmakers must soon make major decisions as the United States imposes stiff tariffs on imported vehicles.

Sawt Falasteen - Economy (English)