Sawt Falasteen - Economy

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Featured

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.

Arctic shipping a daunting prospect in hotly contested region

With Gulf turmoil slashing Suez Canal traffic, shipping firms are tempted to try the Arctic for quicker trips between Europe and Asia -- but commercial prospects are unlikely to match countries' strategic ambitions for the North Pole.

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'King of Lake Ohrid': the fight to save a Balkan trout

Along the picturesque shores of Lake Ohrid, things have taken on a frantic pace at the Lin Hatchery in Albania's Pogradec, as a team of specialists races to release the final batch of newly spawned trout this season.

Asian markets mostly drop as rate-hope rally loses steam

Most Asian markets fell Thursday as investors took a breather and cashed in on a recent rally, though analysts said the outlook was bright, even as data pointed to a soft landing for the world's top economy.

Which Park Ji-min? US outlet's BTS error prompts online outrage

A US entertainment news site has sparked anger and drawn ridicule after an apparent K-pop blunder, posting a photo of BTS megastar Jimin instead of a Korean actress with the same name.

Indian rescuers drill to rescue 40 tunnel workers trapped for five days

Indian rescuers said Thursday that a powerful new drilling machine had been deployed as efforts to free 40 workers trapped in a collapsed road tunnel entered their fifth day.

Musk's X launches court fight with Australian watchdog

Australia's online safety watchdog said Thursday it was being taken to court by Elon Musk's X in a fight over the platform's failure to outline how it combats child sexual abuse content.

In Mexico, building a rail rival to the Panama Canal

At Mexico's narrowest point, linking the Pacific and Atlantic oceans, the government is building a railway rival to the Panama Canal with promises of economic bounty but amid fears of environmental and social harm.

Aniston, Schwimmer, Kudrow add tributes to 'Friends' co-star Perry

"Friends" stars Jennifer Aniston, David Schwimmer and Lisa Kudrow paid their own personal tributes to the late Matthew Perry on Wednesday, mourning their beloved but troubled co-star after his shock death last month.

Nobody wants a Musk monopoly on satellite internet: Eutelsat boss

The boss of European satellite operator Eutelsat knows her task will not be easy: to forge a competitor to Elon Musk's Starlink and provide superfast internet from space.

US, European stocks extend gains on interest rate outlook

Stock markets rose for a second day Wednesday after slowing US inflation and retail sales raised hopes of a soft landing for the US economy.

UK rental market suffers record price rise

UK housing rental prices spiked by a record rate with London hit particularly hard, official data showed Wednesday, stoking a cost-of-living crisis as inflation remains elevated despite a sharp slowdown.

EU recycling drive raises stink around camembert packaging

Could the distinctive thin wood packaging around France's famed camembert cheese be under threat from the EU's recycling drive?

Beckham says Messi at Inter Miami is 'our gift to America'

David Beckham told AFP in an interview on Wednesday that his Inter Miami franchise signed Lionel Messi as "our gift to America and the MLS".

India contacts Thai cave experts in bid to free trapped tunnel workers

India has sought advice from the Thai company that rescued children from a flooded cave in 2018 as it races to save 40 men trapped in a road tunnel, officials said Wednesday.

Inflation, higher rates hit eurozone growth outlook

The European Commission on Wednesday lowered its eurozone growth forecast for 2023 and 2024, saying the high cost of living and interest rates were weighing on consumers and businesses.

China's Tencent posts Q3 income slide despite revenue growth

Chinese internet giant Tencent announced on Wednesday a nine percent year-on-year dip in third-quarter net income, even as it posted growth in revenue over the same period.

'I'm home': Ukrainians cross from Russia on foot

To reach Ukrainian soil from Russia, teacher Olena Yevdokiyenko had to lug suitcases and push her mother's wheelchair for two kilometres in the dark.

EU negotiators reach deal on methane emission curbs

Negotiators for the EU's member states and lawmakers on Wednesday reached a deal on new rules to curb methane emissions which would put new reporting requirements on the coal, gas and oil industry.

After rescue deal, Siemens Energy unveils massive loss

Siemens Energy reported a 4.59-billion-euro ($5-billion) annual loss Wednesday, dragged down by a crisis in its wind power unit, a day after a government-backed rescue package was unveiled for the German group.

UK inflation falls sharply, relieving pressure on PM Sunak

UK inflation fell more than expected in October, data showed Wednesday, easing a cost-of-living crisis and relieving pressure on Prime Minister Rishi Sunak.

China retail sales surge in October but economy remains sluggish

Chinese retail sales grew in October at the fastest rate in five months, data showed Wednesday, boosted by an extended holiday at the start of the month, though other indicators pointed to still-sluggish demand in the world's number-two economy.

Chinese troops will not replace Indians, Maldives leader says

The Maldives's incoming president Mohamed Muizzu has vowed to expel Indian troops after taking office later this week, but told AFP he does not want to redraw regional balance by bringing in Chinese forces instead.

Japanese economy contracts in blow to Kishida

Japan's economy has gone into reverse, government data showed Wednesday, in a further blow to struggling Prime Minister Fumio Kishida.

A shirt for rice: bartering to survive in inflation-battered Argentina

An old T-shirt for a handful of rice or some eggs: ever more Argentines are relying on barter to survive in a fast-worsening economy dominating the debate ahead of presidential elections Sunday.

Japanese economy shrinks 0.5 percent in third quarter

Japan's economy contracted by a worse-than-expected 0.5 percent in the third quarter, government data showed Wednesday, in a further blow to struggling Prime Minister Fumio Kishida.

Canadian man was 'hunting for Muslims to kill,' prosecutors say

A Canadian man was "hunting for Muslims to kill" when he slammed his pickup truck into a family out on an evening stroll, the prosecution said in closing arguments Tuesday.

McDonald's UK boss says fast-food chain faces weekly sex abuse claims

McDonald's boss in Britain said Tuesday the US fast-food giant faces "one to two" sexual harassment allegations from workers every week, as he vowed to tackle the issue recently exposed by the BBC.

After Beatles, AI to bring Edith Piaf voice back to life for biopic

A new biopic on the life of Edith Piaf will use artificial intelligence to allow the French star to narrate her own story, Warner Music and her estate said on Tuesday.

Color and light: bringing life back to Havana's stained glass windows

In a formerly posh neighborhood of Cuba's capital, stained glass windows still sparkle in what used to be the opulent family homes of the rich.

Siemens Energy gets state-backed 15-bn-euro rescue package

Siemens Energy will receive a 15-billion-euro ($16.3-billion), state-backed rescue package, Berlin said Tuesday, as the German group struggles to overcome a crisis in its wind power unit.

Guyana tells UN top court of 'existential' threat over Venezuela vote

Guyana said Tuesday it faced an "existential" threat from a planned referendum by Venezuela on whether to annex a disputed oil-rich border region, and urged the United Nations' top court to "urgently" stop the vote.

Judge recommends eight-month suspended term for France's Chalureau over racist attack

A French judge recommended on Tuesday that France lock Bastien Chalureau be handed an eight-month suspended prison sentence for a racially-motivated attack in 2020.

Germany says EU won't reach ammo target for Ukraine

Germany on Tuesday deepened the despondency around Western efforts to back Ukraine by saying the EU would not reach a target to supply Kyiv with a million artillery shells by March.

Sawt Falasteen - Economy (English)