Sawt Falasteen - Economy

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Featured

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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Trump tariff threat leaves sour taste for European drinks producers

President Donald Trump's threat to impose a 200 percent tariff on many European Union alcohol imports, amid a spiralling trade war, will hit a market worth $10 billion to EU producers in 2023, according to World Trade Organisation figures.

Georgian designer Demna leaves Balenciaga for Gucci

Georgian designer Demna is leaving Balenciaga after a decade to become artistic director of Gucci, the French parent company of both brands, Kering, said Thursday.

Donatella Versace, fashion icon who saved slain brother's brand

Donatella Versace, whose departure as creative director of the family-founded luxury label was announced Thursday, overcame tragedy and self-doubt to reinvent herself as head of one of Italy's leading fashion houses.

Sweden to hold talks on countering soaring food costs

Sweden's government said Thursday it will hold talks with food producers and distributers as a consumer movement over soaring costs in the Nordic country gains traction.

EU, US eye greater energy ties amid Trump frictions

European and US policy makers are eyeing deeper ties around natural gas even as trade conflict boils and President Donald Trump challenges the long-running transatlantic alliance.

Donatella Versace to give up creative reins of brand after 28 years

Donatella Versace will end nearly 30 years as creative director of fashion label Versace, handing the reins of the flashy luxury brand to Miu Miu's Dario Vitale, the brand's owner said Thursday.

Stock markets find little cheer as Trump targets champagne

Global stock markets mostly slid on Thursday as US President Donald Trump launched a new volley in his trade war and hopes for a quick Ukraine ceasefire faded.

UK seeks tougher term for father jailed over daughter's murder

The father of a British-Pakistani girl jailed for 40 years for her murder should have been given a whole life sentence from which he would never be released, a top government lawyer argued in a court appeal hearing Thursday.

Kyrgyzstan, Tajikistan sign border deal to boost regional stability

Kyrgyzstan and Tajikistan signed on Thursday a border agreement seen as key for the stability of Central Asia, a move that follows three decades of conflict between the two former Soviet republics over water resources and land.

Iraq says seeking alternatives to Iran gas

Iraq is exploring alternatives to Iranian gas imports, including options in the Gulf, a government official said, as it seeks to reduce dependence on its sanctions-hit neighbour.

Food app Deliveroo delivers first annual profit

Food delivery app Deliveroo announced Thursday its first annual profit as orders and revenue rose, while the 12-year old company sees further growth despite exiting Hong Kong.

Couche-Tard bosses make case in Tokyo for 7-Eleven buyout

The directors of Canadian convenience store giant Alimentation Couche-Tard (ACT) said on Thursday they were seeking a "friendly" buyout of 7-Eleven but lamented a lack of progress towards a deal.

Asian stocks wobble as US inflation fails to ease trade worries

Asian investors struggled Thursday to build on much-needed gains on Wall Street as a below-forecast read on US inflation was offset by ongoing concerns about President Donald Trump's trade war.

Trump's Canada fixation: an expansionist dream

A savvy negotiating tactic? A wild fantasy? A greed for natural resources?

Generative AI rivals racing to the future

Since ChatGPT burst onto the scene in late 2022, generative artificial intelligence (GenAI) models have been vying for the lead - with the US and China hotbeds for the technology.

Argentine football fans, protesters clash with police at pensions march

Argentine police fought running battles Wednesday with hundreds of protesters, including numerous football fans, during a protest march by pensioners in Buenos Aires.

Monopoly Go game maker Scopely to buy Pokemon Go team

Mobile games giant Scopely will pay $3.5 billion to acquire Niantic's game unit including the studio behind Pokemon Go, the companies announced on Tuesday.

Greenland to get new govt to lead independence process

The day after winning Greenland's elections, the centre-right Democrats hunkered down Wednesday to strategise about building a coalition government and a path to independence for the Danish territory coveted by US President Donald Trump.

S.Africa revised budget gets booed despite smaller tax hike

South Africa's finance minister unveiled Wednesday a budget with a smaller increase in value-added tax than previously proposed, but it was immediately rejected by a key party in the unity government.

Stocks advance on US inflation slowing, Ukraine ceasefire plan

Stock markets surged Wednesday on both sides of the Atlantic as investors shrugged off the latest US tariff moves to focus on cooling US inflation and a Ukraine ceasefire plan.

Shares in Zara owner Inditex sink despite record profit

Zara owner Inditex posted Wednesday another record annual profit but investor worries that sweeping US tariffs could hurt its growth prospects caused shares in the world's biggest fashion retailer to slide.

US consumer inflation cools slightly as tariff worries flare

US consumer inflation inched lower in February according to government data Wednesday, in the first full month of Donald Trump's White House return -- but concerns remain over stubborn price growth as jitters flare over the president's trade policies.

Greenland to get new government to lead independence process

Talks to form a new Greenland government tasked with mapping a timeline for independence from Denmark were to begin Wednesday, a day after elections that saw support soar for a party seeking to cut ties swiftly.

Stocks diverge over Trump tariffs, Ukraine ceasefire plan

European stock markets rose Wednesday but Asian equities sputtered as investors tracked President Donald Trump's latest tariffs and a potential ceasefire in Ukraine.

Battery maker Northvolt files for bankruptcy in Sweden

Swedish electric car battery maker Northvolt has filed for bankruptcy in Sweden after failing to secure financing to enable it to continue operations, the struggling company said Wednesday.

Markets mixed as Trump trade policy sows uncertainty

Asian and European equities were mixed Wednesday as investors fret over President Donald Trump's ever-changing trade policies amid increasing concern that his tariffs could send the US economy into recession.

Thailand sacks senior cop over illicit gambling, fraud

Thailand has sacked one of its most high-profile police officers over his alleged involvement in illegal gambling and financial fraud.

US tariffs of 25% on steel, aluminum imports take effect

The United States broadened its slate of tariffs Wednesday as sweeping levies on steel and aluminum imports took effect "with no exceptions or exemptions" as promised by the White House -- despite countries' efforts to avert them.

Rubio heads to Canada as Trump wages trade war

US Secretary of State Marco Rubio headed Wednesday to Canada on the highest-level visit by the administration of President Donald Trump, who has unleashed a trade war described by the United States' neighbour as an existential challenge.

Most Asian stocks drop as Trump trade policy sows uncertainty

Asian equities mostly fell Wednesday as investors fret over Donald Trump's ever-changing trade policies amid increasing concern that his tariffs could send the US economy into recession.

Morocco fights measles outbreak amid vaccine misinformation

Authorities in Morocco have been scrambling to contain an outbreak of measles, a contagious and potentially fatal disease that had nearly been eradicated in the kingdom but has rebounded as vaccination rates have fallen.

Trump talks up Tesla in White House show of support for Musk

President Donald Trump sought to boost plummeting Tesla share prices Tuesday by briefly turning the White House into a showroom, announcing he was buying one of the electric cars made by close advisor Elon Musk and threatening anti-Musk protesters with "hell."

Sawt Falasteen - Economy (English)