Sawt Falasteen - Economy

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Australian trial says tech for social media teen ban can work

Australia's world-leading ban on under-16s joining social media sites cleared a big hurdle Friday as a trial found digital age checks can work "robustly and effectively".

Rice prices double in Japan as inflation accelerates

Rice prices doubled last month in Japan as core inflation accelerated, official data showed Friday, posing a threat to Prime Minister Shigeru Ishiba ahead of July elections.

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Trump tariffs could put US Fed in a bind, Powell warns

US President Donald Trump's tariffs will likely push up prices and constrain growth, and could put the Federal Reserve in the unenviable position of having to choose between tackling inflation and unemployment, the central bank's chair said Wednesday.

Putin praises Musk, compares him to Soviet space hero

Russian President Vladimir Putin praised Elon Musk on Wednesday, telling university students he was a pioneer comparable to legendary Soviet rocket engineer Sergei Korolev.

Trump touts trade talks, China calls out tariff 'blackmail'

US President Donald Trump touted tariff negotiations with Japan on Wednesday while China angrily accused Washington of "blackmail" in a trade war that the WTO warns will have "severe" economic consequences for the global economy.

Global uncertainty will 'certainly' hit growth: World Bank president

The uncertainty kicked up by Donald Trump's stop-start tariff rollout will undoubtedly hit growth, the president of the World Bank said Wednesday, ahead of next week's semi-annual meeting of global financial leaders in Washington.

WTO chief says 'very concerned' as tariffs cut into global trade

Global trade is expected to plummet this year in the wake of President Donald Trump's tariff offensive, fuelling uncertainty that threatens "severe negative consequences" for the world, the World Trade Organization warned Wednesday.

Sports bodies have 'no excuses' on trans rules after court ruling: campaigners

Campaigners say there are "no excuses" for allowing transgender women to compete in women's sports events after a landmark legal decision in Britain on Wednesday.

The Trump adviser who wants to rewrite the global financial system

One of the architects of US President Donald Trump's tariff blitz has advocated a shake-up of the global trade and financial systems, centred on a radical strategy to weaken the dollar.

Canada central bank holds interest rate steady amid tariffs chaos

The Bank of Canada on Wednesday held its key lending rate at 2.75 percent, pausing a stream of recent cuts due to shifting US trade policy and tariffs.

Google facing £5 bn UK lawsuit over ad searches: firms

Google on Wednesday said it would "vigorously" defend itself after some 250,000 UK businesses filed a multi-billion-pound legal claim against the US tech giant for allegedly overcharging for online advertising.

'Put it on': Dutch drive for bike helmets

It's a world-famous scene: a steady and slightly chaotic stream of cyclists pedalling out of Amsterdam's Centraal Station, heading for the canals and cafes of the Dutch capital. Almost no one is wearing a helmet.

Stocks retreat as US hits Nvidia chip export to China

European and Asian stock markets mostly retreated Wednesday after the US government imposed restrictions on exports of a key Nvidia chip to China, the latest trade war salvo between the world's biggest economies.

China's forecast-beating growth belies storm clouds ahead: analysts

Forecast-beating growth in China's first quarter may have offered Beijing's economic planners some much needed good news -- but analysts warn they should strap in for tariff-induced woes further down the line.

ASML CEO sees growing economic 'uncertainty' from tariffs

Dutch tech giant ASML warned on Wednesday of growing economic uncertainty due to US tariffs but the company kept its 2025 sales forecast intact.

Dutch flower industry grasps thorny pesticide issue

As Margriet Mantingh gazes at flowers stretching as far as the eye can see at the world's biggest flower market near Amsterdam, all she sees is a huge bouquet of pesticides.

Solar boom counters power shortages in Niger

Solar panels like the ones on the roof of Elhadj Abdou's house are an increasingly common sight in Niger's capital, which is often hit by power cuts.

Mackerel and missiles: EU-UK defence deal snags on fish

Cod and herring are normally more likely to be on the dinner menu than the negotiating table at European security talks.

Istanbul's Hagia Sophia prepares for next big quake

The Hagia Sophia of Istanbul is no stranger to change -- through the centuries the city's architectural jewel has gone from church to mosque to museum, back to mosque again.

ASML CEO sees 'increased macro uncertainty' from tariffs

The head of ASML said on Wednesday there was "increased macro uncertainty" due to tariffs but the Dutch tech giant kept its sales forecasts for this year unchanged.

Cambodia's Chinese casino city bets big on Beijing

Once a collection of sleepy fishing villages, vast Chinese investments have transformed Cambodia's Sihanoukville into a half-finished gambling resort with signs everywhere in Mandarin.

Vespa love affair: Indonesians turn vintage scooters electric

When Indonesian executive Heret Frasthio takes his antique 1957 VL Vespa for a ride, its white paint peeling off, the usual fumes and hum of the free-spirited scooters cannot be seen or heard.

UK's top court to rule on how to define a 'woman'

Britain's highest court will hand down a landmark ruling Wednesday on the definition of a "woman", weighing in on a long-running, divisive debate about biological sex versus gender identity.

Stocks struggle again as Nvidia chip curb warning pops calm

Asian stocks swung Wednesday after Nvidia's announcement of new US licensing rules on shipments of its new chip to China rattled investor confidence already shot by Donald Trump's sweeping trade war.

China's economy beats forecasts ahead of Trump's 'Liberation Day'

China said Wednesday its economy topped forecasts in the first quarter, as exporters rushed to shift goods ahead of swingeing US tariffs, but warned it faced "certain pressures" from Donald Trump's trade blitz.

China's economy beat forecasts in first quarter ahead of Trump's 'Liberation Day'

China on Wednesday said its economy grew a forecast-beating 5.4 percent in the first quarter as exporters rushed to get goods out of factory gates ahead of swingeing new US tariffs.

Trump orders critical minerals probe that may bring new tariffs

US President Donald Trump ordered a probe Tuesday that may result in tariffs on critical minerals, rare-earth metals and associated products such as smartphones, in an escalation of his dispute with global trade partners.

'La bolita,' Cuban lottery offering hope in tough times

Every day, as he has done for 20 years, Carlos makes the rounds collecting bets in central Havana for "la bolita" -- a clandestine national lottery that provides a sliver of hope for Cubans struggling to make ends meet.

Nvidia expects $5.5 bn hit as US targets chips sent to China

Nvidia on Tuesday notified regulators that it expects a $5.5 billion hit this quarter due to a new US licensing requirement on the primary chip it can legally sell in China.

Trump resurrects ghost of US military bases in Panama

US President Donald Trump's bid to take back control of the Panama Canal has put his counterpart Jose Raul Mulino in a difficult position and revived fears in the Central American country that US military bases will return.

Boeing faces fresh crisis with US-China trade war

US aviation giant Boeing, fresh off a crippling labor dispute and quality control crisis, has now found itself drawn into the escalating trade conflict between Washington and Beijing.

Canada offers automakers tariff relief, Honda denies weighing move

Ottawa on Tuesday offered tariff relief to automakers on condition they maintain production in Canada, fearing US President Donald Trump's policies could trigger a flight of the key manufacturing sector to the United States.

Trump says China 'reneged' on Boeing deal as tensions flare

US President Donald Trump said Tuesday that China has gone back on a major Boeing deal, after a news report that Beijing ordered airlines not to take further deliveries of the US aviation giant's jets.

Trump eyes near 50 percent cut in State Dept budget: US media

The US State Department is expected to propose an unprecedented scaling back of Washington's diplomatic reach, multiple news outlets reported Tuesday, shuttering programs and embassies worldwide to slash the budget by almost 50 percent.

Sawt Falasteen - Economy (English)