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.

Last news

Designer Avido puts Kenyan slum on the fashion map

His creations are made in Kibera, the largest urban slum in Kenya, but have attracted the attention of global stars such as Beyonce and Bruno Mars and featured in Vogue magazine.

Hamas attacks shatter Israel's kibbutz ideal

When the sirens wail at the Sha'ar HaGolan kibbutz, there is total panic -- and not just from those who live there permanently.

Anger, sorrow as Indigenous Australians weigh referendum defeat

Aboriginal Australians on Sunday voiced anger and sorrow over the rejection of a landmark push for Indigenous rights and recognition, which was spurned by the country's white majority in a binding national referendum.

Young slave, once painted out, is back in a work at New York's Met

For years, the three children from a well-to-do New Orleans family seemed to be the only figures in a nearly forgotten painting attributed to French artist Jacques Amans.

Qatar's Sheikh Jassim withdraws bid to buy Man Utd - reports

Qatari banker Sheikh Jassim Bin Hamad Al Thani has withdrawn a bid to buy Manchester United, the BBC reported on Saturday.

IMF agrees funding boost, extra Africa board seat

The IMF announced Saturday member nations agreed to increase their contributions to the global lender and give sub-Saharan Africa a third seat on its executive board at its first meetings on the continent since 1973.

Michael Caine announces retirement from acting

Veteran British actor Michael Caine, a Hollywood icon with a decades-spanning career littered with awards and acclaim, revealed on Saturday that he has retired from acting at the age of 90.

Polls open in Australia's historic Indigenous rights referendum

Polls opened Saturday in Australia's historic referendum on rights and recognition for Indigenous citizens, capping a campaign that has exposed deep fissures between the country's white majority and the descendants of its first inhabitants.

Stocks stumble and oil prices surge as Mideast fighting continues

Global markets largely slipped on Friday, while oil prices surged by almost six percent, amid fears that Israel's imminent ground offensive of Gaza could turn a localized war into a regional conflict and impact oil supplies in the crude-rich Middle East.

Biden unveils 'hydrogen hubs' in push for 2024

President Joe Biden announced new "hydrogen hubs" across the United States on Friday as part of efforts to boost the economy with green energy ahead of the 2024 election.

US health care provider, unions reach strike deal

US health care provider Kaiser Permanente and unions representing tens of thousands of its staff said Friday they had reached a tentative deal to end what was billed as the sector's biggest ever strike.

US auto union warns of more last-minute strikes as Detroit talks drag

The US auto workers union announced Friday no new strike targets, but the group's president said the labor action had entered a new stage involving last-minute walkouts.

Australia holds historic Indigenous rights referendum

Australians are poised to reject greater rights and recognition for Indigenous citizens Saturday, voting in a referendum that has exposed deep fissures between the country's white majority and the descendants of its first inhabitants.

US banks rise on results, but warn on inflation and wars

Shares of US banks jumped Friday following strong results, but executives cautioned that beneficial industry conditions were moderating and said wars in Ukraine and the Middle East adding uncertainty.

Stock markets mixed, oil prices surge

Stock markets were mixed on Friday while oil prices surged on worries the Israel-Hamas conflict could impact supplies in the crude-rich Middle East.

US Fed on track for a 'soft landing': senior offical

The US Federal Reserve is on track to achieve the rare feat of lowering inflation without causing a damaging recession, a senior central bank official said Friday.

JPMorgan Chase profits jump, warns on inflation and wars

JPMorgan Chase reported another highly profitable quarter Friday, but warned inflation could persist and said wars in Ukraine and the Middle East mean this "may be the most dangerous time the world has seen in decades."

EU fails to decide on glyphosate use extension

The EU failed Friday to agree extending the use of glyphosate -- a weedkiller the WHO fears could be carcinogenic -- because of division among the bloc's 27 member countries, a European Commission spokesman said.

Stock markets slide, oil prices surge

Stock markets slid Friday, having made strong gains earlier in the week, while oil prices surged on worries the Israel-Hamas conflict could impact supplies in the crude-rich Middle East.

IMF, World Bank urge funds for poverty, climate fights

The heads of the IMF and World Bank urged member nations on Friday to boost the funding firepower of the global lenders to help poorer countries combat poverty and climate change.

TSMC applies for 'permanent' permit to export US equipment to China factory

Taiwanese semiconductor giant TSMC said Friday it has applied for -- and expects to receive -- permanent authorisation from Washington to allow the export of US chip-making equipment to its China-based factory.

South Korean advocate for school bullying survivors dies

Pyo Ye-rim, a hairstylist who became an advocate for the legal rights of school bullying survivors in South Korea, has died in an apparent suicide, local police said. She was 27.

US extends China chip waiver for Taiwan's TSMC: minister

The United States has extended a waiver to Taiwanese semiconductor giant TSMC to supply US chip-making equipment to its factories in China, the island's economic affairs minister said Friday.

Burp tax causes pre-poll stink with New Zealand farmers

New Zealand has a plan to tax farmers for their livestock's burps and farts -- and it's causing a stink ahead of Saturday's general elections.

Markets snap week-long rally as US inflation dents rate hopes

Equities went into reverse Friday, snapping a week-long rally, as a forecast-topping US inflation report revived fears the Federal Reserve will hike interest rates again before the end of the year.

Mysterious rise in US Treasury yields perturbs markets

The surge in US treasury yields has sparked much anxiety among investors, in part because there is no easy explanation for the rise.

Global markets stall as oil prices pare back gains

Global stock markets stalled and oil prices flatlined Thursday, as a steady September inflation print renewed traders' concerns that interest rates will have to stay higher for longer to slow down price increases.

IMF chief prematurely announces Zambia debt deal

Zambia is close to signing a long-sought debt deal with its foreign creditors, an IMF spokesperson said Thursday after the institution's chief prematurely announced it was signed.

Delta profits jump as international travel stays strong

Delta Air Lines reported surging quarterly earnings amid persistently strong demand, while acknowledging a drag from strikes in the US auto and entertainment sectors.

Stock markets stall, oil prices pare back gains

Stock markets stalled and oil prices limited gains Thursday while tracking the Israel-Hamas conflict, amid latest data showing US consumer inflation data holding steady in September.

Zambia signs debt deal with creditors: IMF chief

Zambia has signed a long-sought debt deal with its foreign lenders, the IMF's chief announced Thursday, providing financial relief to the first African nation to default after the Covid pandemic.

Musk's X rebuffs EU on disinfo alarm over Hamas-Israel conflict

Elon Musk's social media platform "X" has defended itself against claims from the European Union that it is failing to tackle disinformation around the Gaza-Israel conflict.

Sawt Falasteen - Economy (English)