Sawt Falasteen - Economy

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Featured

'Survive, nothing more': Cuba's elderly live hand to mouth

With a monthly pension barely sufficient to buy 15 eggs or a small bag of rice, Cuba's elderly struggle to make ends meet in one of Latin America's poorest and fastest-aging countries.

Olympic balloon to rise again in Paris

A giant balloon that became a popular landmark over the skies of Paris during the 2024 Olympics is set to rise again, with organisers hoping it will once again attract crowds of tourists.

Last news

Trump tariffs could push up inflation: senior Fed official

US President Donald Trump's tariff plans could increase inflation by as much as 1.2 percentage points if they are fully implemented, a senior Federal Reserve official said Wednesday.

White House says Trump to announce auto tariffs Wednesday

US President Donald Trump will announce tariffs on auto imports to the country Wednesday, the White House said in a move set to fuel tensions with trading partners ahead of further promised levies next week.

Global stocks drop as US tariff uncertainty lingers

Global stock markets mostly slipped Wednesday as investors digested conflicting signals from President Donald Trump about his coming wave of tariffs.

Canada PM Carney details fund to protect auto industry against Trump

Prime Minister Mark Carney on Wednesday announced support for "all-in-Canada" auto manufacturing, escalating trade protection in response to US President Donald Trump's threat to "shut down" the northern country's auto industry.

Laughs, scandals, politics? France's most shocking TV host moves on

Barely a week goes by in France without headlines about Cyril Hanouna, a scandal-plagued talkshow host with possible political ambitions who is set to end his hit broadcast on Wednesday.

Prince Harry resigns from Africa charity after 'devastating' row

Prince Harry said he had quit as patron of a charity he founded in southern Africa almost 20 years ago with a "heavy heart" amid a bitter boardroom battle, in a new blow to the royal living in self-exile.

Apple says Indonesia iPhone sales ban ends in April

Teach giant Apple announced on Wednesday the iPhone 16 will be available in Indonesia from next month, indicating the sales ban in Southeast Asia's biggest economy had been lifted.

UK slashes growth forecast, cuts public spending

The UK government halved its 2025 growth forecast on Wednesday as it made billions of pounds of spendings cuts to shore up the public purse in the face of economic headwinds.

US may miss out on green tech boom: Germany

Europe must seize on the "huge economic opportunities" offered by the green technology boom, Germany said Wednesday -- adding it was up to the United States if it decided to miss out.

China drinks chain Mixue profits spike 40% in 2024

Chinese drinks company Mixue Group, which has surpassed McDonald's and Starbucks in store count to become the world's largest food and beverage chain, reported a spike in profits on Wednesday as it laid out further expansion plans.

Prince Harry resigns from southern Africa charity

Prince Harry has quit as patron of a charity he founded in southern Africa almost 20 years ago in honour of his mother Princess Diana after a bitter boardroom battle.

Global stocks mixed as US tariff uncertainty lingers

Global stock markets diverged Wednesday as investors remained cautious ahead of the coming wave of US President Donald Trump's tariffs.

China chip insiders eye stronger global ties despite trade tensions

Industry insiders at a semiconductor trade fair in Shanghai urged more cooperation between the Chinese chip sector and the rest of the world, despite growing trade tensions with Washington.

S. Korea govt responsible for international adoption fraud: inquiry

A South Korean official enquiry said Wednesday the government was responsible for abuse in international adoptions of local children, including record fabrication and inadequate consent, and recommended an official state apology.

Over a billion pounds of Coke plastic waste to enter waterways: study

By 2030, Coca-Cola products will account for an estimated 1.33 billion pounds (602,000 metric tons) of plastic waste entering the world's oceans and waterways each year, according to a stark new analysis published Wednesday by the nonprofit Oceana.

UK set to cut public spending by billions of pounds

Britain's finance minister Rachel Reeves is set to detail billions of pounds of spending cuts in her Spring Statement on Wednesday to address the country's ailing public finances.

Lula urges Mercosur-Japan deal to counter Trump protectionism

Brazil's President Luiz Inacio Lula da Silva called Wednesday for a trade deal between South America's Mercosur bloc and Japan to counter growing US protectionism.

Stocks mostly rise on trade optimism, but Trump uncertainty lingers

Lingering hopes that Donald Trump's planned tariff blitz next week will not be as painful as feared lifted most Asian markets Wednesday, though uncertainty about the president's policies and the US economy tempered optimism.

Poisoned legacy of Albania's steel city

Once the pride of Albania's communist regime, the giant Elbasan metals complex is now one of the most polluted sites in the Balkans, burdened with hundreds of thousands of tonnes of waste, much of it hazardous.

ECB pushes back against calls for looser bank rules

The European Central Bank has pushed back against calls to loosen rules for eurozone banks despite fears they could fall behind US rivals if President Donald Trump implements major deregulation.

Filipinos see pathway from poverty with virtual assistant jobs

Nathalie Mago's work day begins after she's tucked her three daughters into bed and flicked off the lights in their house north of the Philippine capital Manila.

Stocks edge out gains as fears ease over next Trump tariffs

Global equities eked out some gains Tuesday with Wall Street largely advancing while European stocks made modest progress as concerns eased over upcoming tariffs from US President Donald Trump.

Back in the pink: Senegal salt lake gets its colour back

The waters of Senegal's Lake Retba are back to their famous pink hues three years after floods washed away their rosy tinge -- and businessfolk and tourists are thrilled.

Lesotho's king warns nation will reel from Trump cuts

Lesotho will suffer from Donald Trump's aid cuts and stands to lose up to 40,000 jobs if the US president also cancels a trade pact granting duty-free access to the American market, the monarch of the tiny southern African kingdom warned ahead of a trip to Europe on Wednesday.

Olympic champion Ingebrigtsen testifies against father in abuse trial

Double Olympic champion runner Jakob Ingebrigtsen took the stand Tuesday at the trial of his father -- who is charged with abusing the sports star and his sister -- portraying a controlling and manipulative parent.

World Athletics approves swab test to determine female gender

World Athletics said on Tuesday it had approved the introduction of a cheek swab test to determine if an athlete is biologically female.

Shell plans to cut more costs, boost gas sales

British energy giant Shell on Tuesday announced plans to slash costs by billions of dollars and increase shareholder returns, as it focuses on its liquified natural gas (LNG) business.

European stocks jump after Wall Street rally

Europe's main stock markets rose solidly Tuesday after a rally on Wall Street thanks to easing concerns over US President Donald Trump's tariffs.

Tesla sales sink by nearly half in Europe

Tesla sales plunged in the European Union in the first two months of the year, auto industry figures showed Tuesday, as Elon Musk's politics and ageing models may be turning consumers away.

Trump to impose sharp tariffs on countries buying Venezuelan oil

US President Donald Trump announced Monday steep tariffs on imports from countries buying Venezuelan oil and gas, a punitive measure that could hit China and India, among others, and sow fresh global trade uncertainty.

Markets mixed as traders struggle to match Wall St rally

Equities diverged Tuesday, as investors struggled to extend Wall Street's rally despite easing fears over Donald Trump's planned tariffs, while traders were also looking ahead to the release of key US inflation data.

Anti-abortion group's 'baby box' stirs Croatia row

A "baby box" for abandoned newborns has sparked a row in staunchly Catholic Croatia with women's rights groups calling for its removal, saying it is an illegal "Trojan horse" for anti-abortion campaigners.

Sawt Falasteen - Economy (English)