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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7-Eleven says Couche-Tard takeover still under consideration

The Japanese parent company of 7-Eleven said Tuesday that a buyout bid from a Canadian convenience store rival was still on the table despite a report that it planned to reject the multibillion-dollar offer.

Asian stocks tumble after Trump tariffs

Asian markets tumbled on Tuesday after US President Donald Trump hiked tariffs on Chinese imports and warned that levies on Mexico and Canada could not be averted.

Asia stocks tumble after Trump tariffs

Asian markets tumbled on Tuesday after US President Donald Trump heaped tariffs on Chinese imports and warned levies on Mexico and Canada could not be averted.

Trade war casts pall as China's leaders meet

China's leadership is gathering at the largest political event of the year on Tuesday, seeking a response to US President Donald Trump's latest salvo of tariffs targeting an already sluggish Chinese economy.

7-Eleven shares plunge on reported plan to reject takeover

Shares of the owner of 7-Eleven plunged on Tuesday after a report said the Japanese retailer plans to reject a multibillion-dollar takeover offer by Canada's Alimentation Couche-Tard (ACT).

Trump's China tariffs eclipse first term, more hikes likely: analysts

Donald Trump's latest tariff hike targeting China is likely only the start of his intensifying trade war against Beijing, which may struggle to shield its already ailing economy, analysts warned.

'Terrifying': Canadian auto workers dismayed at looming US tariffs

Residents of the Canadian border city of Windsor had held out hope US President Donald Trump's threats of tariffs on imports from Canada would prove hollow, but that faith was dashed Monday, sparking fear for their futures.

US stocks fall on Trump tariff concerns, European defense firms soar

US stocks closed sharply lower Monday, after President Donald Trump slapped fresh sanctions against China and levies on Mexico and Canada neared imposition, while European defense shares soared as the European Union sought increased military spending over Ukraine.

TSMC announces $100 bn investment in new US chip plants

President Donald Trump said Monday that the chip-making giant TSMC will invest "at least" $100 billion in the United States to build "cutting edge" chip manufacturing facilities, in the latest blockbuster financial pledge by a private company since his return to office in January.

Reddit co-founder joins 'People's Bid' to buy TikTok

Reddit co-founder Alexis Ohanian announced Monday that he is joining a US bid to buy TikTok, becoming a strategic advisor to the effort.

European defence stocks soar as govts ramp up military spend

Share prices of European defence companies soared Monday as London and the European Union look to ramp up military spending in the face of uncertainty over the United States' commitment to Ukraine and NATO.

Clock ticking down to Trump tariffs on Canada, Mexico, China

Time is running short for Canada, Mexico and China to avert sweeping tariffs announced by US President Donald Trump, with the planned levies to take effect past midnight over what he deems an "unacceptable" flow of drugs.

Nuclear monitor defends Ukraine plant visit via Russia-controlled territory

UN nuclear watchdog chief Rafael Grossi on Monday defended the first ever visit by his staff to Ukraine's Zaporizhzhia nuclear power plant through Russian-occupied territory, saying the "exception" was aimed at protecting lives.

Wearable tech has far to go before challenging smartphones

Wearable gadgets like smart watches and glasses are growing more capable every year, but experts say smartphones will remain ubiquitous for the foreseeable future -- not least thanks to artificial intelligence features.

Eurozone inflation eases slightly in February

Eurozone inflation edged down slightly in February to 2.4 percent, reversing a four-month upward trend thanks to a slowdown in energy price increases, official data showed on Monday.

European defence stocks soar as govts up military spend

Asian markets creep up on hopes of China fiscal response to Trump tariffs

Asian markets rose cautiously on Monday, with investors eyeing a potential Chinese stimulus package and President Donald Trump's looming tariffs.

7-Eleven to replace CEO in Couche-Tard takeover battle: reports

7-Eleven's owner is set to replace its CEO as the Japanese convenience store giant battles a $47-billion takeover bid by Canada's Alimentation Couche-Tard (ACT), reports said Monday.

AI, trade tensions to mark Barcelona mobile industry meet

Frantic optimism about artificial intelligence's potential to empower gadgets is set to clash with fears about trade tensions stoked by the White House at this week's Mobile World Congress (MWC) in Barcelona.

ECB to cut rates again as debate heats up on pause

The European Central Bank is expected to cut interest rates again this week in a bid to boost the floundering eurozone economy, even as debate heats up about when to hit pause.

Asian markets climb on hopes of China fiscal response to Trump tariffs

Asian markets climbed on Monday on hopes that China will announce a huge stimulus package that will help offset US President Donald Trump's looming tariffs against Chinese goods.

Sean Baker: chronicler of sex work, Oscar winner

Sean Baker, whose career chronicling the lives of sex workers and marginalized communities has made him a leading light of the US indie movie scene, won the Oscar for best director on Sunday.

Asian markets climb on China fiscal hopes against Trump tariffs

Asian markets climbed on Monday on hopes that China will announce a huge stimulus package that will help offset US President Donald Trump's looming tariffs against Chinese goods.

Trump's fentanyl tariffs hold wider political aims: analysts

In doubling down on tariffs targeting Canada, Mexico and China, US President Donald Trump cites a lack of progress on tackling fentanyl, but analysts say the drug crisis is just one of his political goals.

Trump's deportation threats send shivers through farmworkers

With planting season well under way in California, the leading US food-producing state, fear is taking root among thousands of migrants who labor to feed a country that now seems ready to deport them.

High-stakes father-son feud rocks Singapore property giant

A high-stakes father-and-son feud has plunged Singapore property giant City Developments Ltd (CDL) into turmoil, with the private boardroom dispute of one of the city-state's wealthiest families erupting into public view this week.

China signals renewed tech sector support, but concerns linger

A simple handshake between President Xi Jinping and once-shunned entrepreneur Jack Ma sent Chinese tech stocks booming in recent weeks as it was interpreted as the latest sign the sector is being brought in from the cold -- though experts advise caution.

US stocks finish gloomy week on positive note

Wall Street stocks finished a downcast week on a positive note Friday on a mixed day for global equities, while bitcoin slid below $80,000 for the first time since November.

Why Mexican manufacturers seem unfazed by threat of Trump tariffs

If US President Donald Trump is to be taken at his word, Mexican imports to the United States will be hit with 25-percent tariffs on Tuesday.

Nigeria president says end in sight for economic crisis

Nigeria is heading towards the "light at the end of the tunnel" as the country grinds through the second year of a cost-of-living crisis, President Bola Tinubu said Friday.

Italy breaks 'taboo' with push to revive nuclear

Italy's cabinet opened the door Friday to a return to nuclear power, aiming to overturn nearly 40 years of opposition -- though experts say any revival is at least a decade away.

Microsoft retires Skype, internet call pioneer

Microsoft on Friday announced it was retiring Skype, the online voice and video call pioneer that the tech titan acquired in 2011.

Sawt Falasteen - Economy (English)