Sawt Falasteen - Economy

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Featured

Lula stages mass rally ahead of Brazil's presidential run-off

Brazilian President Luiz Inacio Lula da Silva led a massive rally Sunday to call for more days off for workers ahead of an election runoff against his right-wing opponent Flavio Bolsonaro.

Russia hits Ukraine power plants despite Trump energy ceasefire claim

Russian strikes hit multiple Ukrainian power plants on Sunday after US President Donald Trump's claim that both sides had agreed to stop hitting each other's energy infrastructure, Ukraine's President Volodymyr Zelensky said.

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Market panic deepens as China retaliates against Trump tariffs

Panic selling gripped global markets on Monday, as US President Donald Trump refused to budge on his swingeing tariffs despite China retaliating and global recession warnings growing louder.

Equities savaged as China retaliation to Trump tariffs fans trade war

Asian markets collapsed Monday after China hammered the United States with its own hefty tariffs, ramping up a trade war that many fear could spark a recession.

Netanyahu and Trump to talk tariffs, Iran and Gaza

Talks on Monday between Israeli Prime Minister Benjamin Netanyahu and US President Donald Trump are expected to be dominated by Washington's shock tariffs on Israel and escalating tensions with Iran.

Market panic deepens as world scrambles to temper Trump tariffs

Asian markets took a huge plunge Monday as US futures pointed to significant losses on Wall Street over Donald Trump's punishing tariffs, even as countries sought compromise with the defiant president.

World scrambles to temper Trump tariffs: White House

More than 50 countries have sought talks with President Donald Trump in a scramble to ease punishing tariffs on exports to the United States, the White House said Sunday, as trade partners braced for fallout.

Vietnam seeks US tariff delay as economic growth slows in first quarter

Vietnam has asked for a last-minute delay to colossal tariffs imposed by Washington as government figures showed on Sunday that its economy grew at a slightly slower pace in the first quarter.

UK readies to protect industry as US tariffs upend global order: Starmer

The "world as we knew it" is over, UK Prime Minister Keir Starmer said Sunday, as the world braced for further fallout from the introduction of US tariffs.

Vietnam economic growth slows in first quarter as US tariffs loom

Vietnam's economy grew at a slightly slower pace in the first quarter, government figures showed Sunday, as the Southeast Asian country braces for the impact of colossal tariffs imposed by Washington.

'Anxious': US farmers see tariffs threaten earnings

As President Donald Trump's sweeping global tariffs took effect this weekend, US farmers hoping for a profit this year instead found themselves facing lower crop prices -- and the prospect of ceding more ground in foreign markets.

Nostalgia fuels UK boom in vintage video game repairs

The shelves lining Luke Malpass's home workshop are a gamer's treasure trove stretching back decades, with components of vintage Game Boys, Sega Mega Drives and Nintendos jostling for space and awaiting repair.

India's Modi in Sri Lanka for defence and energy deals

Sri Lanka's leader rolled out the red carpet on Saturday for Prime Minister Narendra Modi, as Colombo balances ties with neighbouring giant India and its biggest lender, China.

Fractious Republicans seek unity over Trump tax cuts

US senators were set to vote Saturday on unlocking trillions of dollars for sweeping tax cuts promised by President Donald Trump, despite bitter infighting among the majority Republicans over the savings that will be needed to fund them.

Trump's global tariff takes effect in dramatic US trade shift

US President Donald Trump's widest-ranging tariffs to date took effect Saturday, in a move which could trigger retaliation and escalating trade tensions that could upset the global economy.

Lula admits 'still a lot to do' for Indigenous Brazilians

Brazilian President Luiz Inacio Lula da Silva admitted Friday that his government "still has a lot to do" for Indigenous communities battling for survival in the Amazon rainforest.

California to defy Trump's tariffs to allay global trade fears

California Governor Gavin Newsom said Friday that he will seek agreements with the rest of the world to avoid the expected retaliations against US President Donald Trump's tariffs.

Intercommunal violence kills dozens in central Nigeria

Suspected intercommunal violence in Nigeria's north-central Plateau state earlier this week has killed more than 40 people, officials told AFP on Friday.

Trump goads China as global trade war escalates

President Donald Trump goaded China on Friday after the US's chief economic rival retaliated against his tariffs, and he dismissed falling stock markets over the growing global trade war, touting it as a chance to "get rich."

How can the EU respond to Trump tariffs?

The EU has said "everything is on the table" as it readies its response -- including possibly targeting US Big Tech and taxing more American goods -- to President Donald Trump's sweeping new tariffs should talks with Washington fail.

Canada loses jobs for first time in 3 years as US tariffs bite

Employment in Canada fell for the first time in three years in March, the national statistical agency said Friday, as uncertainty over US tariffs led businesses to cut staff and stall hiring.

US job growth strong in March but Trump tariff impact still to come

US hiring soared past expectations in March, government data showed Friday, but analysts warn this is "old news" as the full effects of President Donald Trump's tariffs and federal cuts have yet to ripple through the country.

Stocks, oil slump as China retaliates and Trump digs in heels

Equities and oil prices extended a global rout for markets Friday after China hit back over President Donald Trump's tariff blitz with its own mammoth levy on US goods, inflaming global trade war fears.

US hiring beats expectations in March as tariff uncertainty brews

Hiring in the United States was stronger than expected in March, government data showed Friday, even as uncertainty brewed over the wider effects of President Donald Trump's tariffs and other policies.

Where things stand in the US-China trade war

China has hit back against US President Donald Trump's "liberation day" tariffs, slapping 34 percent levies on all imports of American goods.

Taiwan earmarks $2.7 bn to help industries hit by US tariffs

Taiwan has earmarked $2.7 billion to help industries affected by US President Donald Trump's new tariffs, the government said Friday.

Trump unveils first $5 million 'gold card' visa

US President Donald Trump unveiled the first "gold card", a residency permit sold for $5 million each, aboard Air Force One on Thursday.

BP chairman to step down after energy strategy reset

BP on Friday said chairman Helge Lund will step down after a major reset at the British energy giant that saw it recently shelve carbon-reduction targets to focus on fossil fuel output.

Pacific nations perplexed, worried by Trump tariffs

Pacific island nations hit hardest by US President Donald Trump's trade tariffs are querying the "unfair" impost, and they are fearful of the impact.

Japan PM says Trump tariffs a 'national crisis'

US President Donald Trump's tariffs on Japanese goods are a "national crisis", Prime Minister Shigeru Ishiba said Friday ahead of cross-party talks on mitigating the impact.

EU leaders push for influence at Central Asia summit

Top EU leaders were in Uzbekistan on Friday for a major summit with the heads of five Central Asian states, seeking to press their influence and boost ties in the face of Russian and Chinese competition.

Asian stocks extend global rout after Trump's shock tariff blitz

Equities extended losses in Asia on Friday, extending a global rout inflicted by Donald Trump's tariff blitz that has inflamed a trade war and ramped up recession and inflation fears.

Where Trump's tariffs could hurt Americans' wallets

As global financial markets plunge in the wake of US President Donald Trump's "Liberation Day" tariffs, Americans must also grapple with the potentially long-lasting impact of the move on household budgets.

Trump tariffs on Mexico: the good, the bad, the unknown

At first glance, Mexico got off lightly from Donald Trump's "Liberation Day" tariffs blitz.

Sawt Falasteen - Economy (English)