Sawt Falasteen - Economy

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Macron hosts Saudi's MBS for visit ranging from esports to Mideast

French President Emmanuel Macron welcomes Saudi crown prince and de facto ruler Mohammed bin Salman on Sunday for a two-day visit set to range from esports to the war in the Middle East.

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.

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Swiss cut rates again over global economic 'uncertainty'

Switzerland's central bank cut its key interest rate on Thursday, citing the "high uncertainty" in the global economy triggered by US President Donald Trump's tariff wars.

US existing home sales beat expectations in February

Sales of previously owned homes in the United States topped analysts' expectations in February, as increasing inventory allowed more buyers to enter the property market, according to industry data released Thursday.

BoE warns on 'economic uncertainty' as rate held

The Bank of England kept its key interest rate at 4.5 percent Thursday, as it warned of "a lot of economic uncertainty" caused largely by US President Donald Trump's tariffs.

Hong Kong's embattled CK Hutchison says profits down in 2024

Embattled Hong Kong conglomerate CK Hutchison Holdings, caught in a US-China spat over control of the Panama Canal, said on Thursday that profits fell 27 percent in 2024.

Most markets track Wall St gains as Fed soothes tariff fears

Stocks mostly rose Thursday after US Federal Reserve boss Jerome Powell suggested any increase in consumer prices caused by tariffs would likely be short-lived, even as the central bank slashed its growth outlook and hiked inflation expectations.

Europe shifts gears for the Trump era

Barely a month ago, a phone call between Donald Trump and Vladimir Putin sent an unmistakable message across the Atlantic: the United States may not be there forever to keep Europe safe from an aggressive Russia.

Return of the alpha male: Why toxic masculinity is gaining prominence

Toxic masculinity peddled by online influencers is becoming increasingly prominent, experts say, buoyed by the resurgence of far-right ideology and a virulent backlash against feminism.

Swedish govt holds talks on countering rising food prices

Swedish government officials are to meet food industry giants on Thursday to discuss soaring food costs and rising consumer anger in the Nordic country.

Young Chinese women find virtual love in 'Deepspace'

Rafayel's girlfriends went all out to celebrate their lover's birthday, renting malls across China for parties, decorating high-speed trains with his photos, and even staging a dazzling drone show.

Most Asian markets track Wall St rally after Fed rate signals

Most Asian equities rose Thursday after US Federal Reserve boss Jerome Powell suggested any increase in consumer prices caused by tariffs would likely be short-lived, even as the central bank slashed its growth outlook and hiked inflation expectations.

Chinese tariffs on Canadian agricultural products kick in

Chinese tariffs on Canadian products including rapeseed oil and pork come into effect Thursday, with an industry lobby warning the new levies will have a "devastating impact" on farmers.

Too much water: Gold rush, climate change submerge Bolivian village

Navigating a makeshift raft between drifting furniture and submerged cars, Rafael Quispe steers through his village in western Bolivia, where the streets were turned into rivers two months ago.

Nvidia chief confident chip maker can weather US tariffs

Nvidia boss Jensen Huang expressed confidence Wednesday that the artificial intelligence (AI) chip giant can handle US President Donald Trump's trade war.

Zelensky says discussed with Trump US idea of owning occupied nuclear plant

Ukrainian President Volodymyr Zelensky on Wednesday said that he and US counterpart Donald Trump had discussed possible US ownership of the Russian-held Zaporizhzhia nuclear power plant in southern Ukraine.

US stocks climb after Fed decision, gold hits fresh high

US stocks jumped while European indexes were mixed Wednesday as the Federal Reserve held interest rates steady after a policy meeting -- and gold hit a new record as geopolitical concerns returned to the fore.

US Fed holds rates again, flags increased economic uncertainty

The US Federal Reserve paused interest rate cuts again on Wednesday and noted an increase in economic uncertainty, as it navigates an economy unnerved by President Donald Trump's stop-start tariff rollout.

Stock climb before Fed decision, gold hits fresh high

European and US stocks mostly rose on Wednesday a Fed rate decision, while gold set a new record high as geopolitical concerns returned to the fore.

UniCredit CEO says prepared to wait on Commerzbank decision

UniCredit's chief executive said Wednesday he could wait until 2027 to determine whether a takeover of Germany's Commerzbank made sense for Italy's second-largest bank.

Santander to close one fifth of UK branches amid online switch

Spanish bank Santander announced Wednesday plans to close one fifth of its UK branches, impacting 750 jobs, as the switch to online banking gathers pace.

Stock markets diverge, gold hits high tracking global unrest

European and Asian stock markets traded mixed and gold hit another record high Wednesday as trade war worries cast a shadow and geopolitical concerns returned to the fore.

China's Tencent sees profits surge as AI drive accelerates

Chinese internet and gaming giant Tencent said on Wednesday that profits in the fourth quarter of 2024 surged 90 percent as the firm accelerates a push into artificial intelligence (AI).

Myanmar relief camps receive last WFP aid as cuts begin

Distraught Myanmar relief camp dwellers received final handouts from the World Food Programme on Wednesday as the UN agency begins halting aid to a million people in the country because funding has dried up.

Markets mixed as geopolitics, trade wars deplete sentiment

Equity markets were mixed and gold hit another record high on Wednesday as trade war worries cast a shadow and geopolitical concerns returned to the fore.

Bank of Japan holds rates and warns of trade uncertainty

The Bank of Japan left its key interest rate unchanged Wednesday and warned about the economic outlook amid global uncertainty fuelled by Donald Trump's trade war.

Uganda: the quiet power in the eastern DRC conflict

Uganda's role in eastern DR Congo has largely gone under the radar during recent violence but its complex approach aims to secure long-standing security and economic interests in the mineral-rich area, experts say.

In US, a pastry chef attempts to crack an egg-free menu

Since avian flu turned eggs into a luxury item, pastry chef Annie Clemmons has spent countless hours in her Maryland workshop, racking her brains about how to replace them in her recipes.

Ecuador declares 'force majeure' emergency, cuts exports over oil spill

Ecuador's state-owned oil company declared an emergency over a damaged pipeline and cut crude exports on Tuesday following a spill that polluted several rivers, leaving hundreds of thousands of people without drinking water, authorities said.

Malaysia's Silicon Valley ambitions face tough challenges

Malaysia is making great strides in its effort to become a major player in the global semiconductor industry as it looks to capitalise on a surge in demand driven by the AI explosion but analysts warn it faces headwinds.

Asian markets mixed as geopolitics, trade wars deplete sentiment

Asian markets were mixed and gold hit another record high Wednesday as trade war worries cast a shadow and geopolitical concerns returned to the fore.

Bank of Japan holds rates, warning of trade uncertainty

The Bank of Japan left its key interest rate unchanged Wednesday in a widely expected move given the global economic uncertainty fuelled by US trade tariffs.

Bank of Japan expected to hold rates

The Bank of Japan is widely expected to keep interest rates unchanged in a Wednesday policy decision, with analysts pointing to economic uncertainty fuelled by US trade tariffs.

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Sawt Falasteen - Economy (English)