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

Second suspect arrested over disappearance of young men in Mexico

A second suspect in a kidnapping, torture and murder investigation in Mexico has been arrested, prosecutors said Wednesday, after grisly images of them leaked, prompting public fury.

Bangladesh swamped by record dengue deaths

In the crowded fever ward in Bangladesh's Mugda hospital, every bed is taken, as the country struggles in the grip of its deadliest dengue outbreak.

Macau bets on China's 'Golden Week' holiday to stage comeback

Macau's baccarat and poker tables were teeming once again as millions of Chinese tourists marked "Golden Week" in October, with post-pandemic travel surging despite the country's economic slowdown.

Asian markets follow US lead with gains

Asian markets posted modest gains in early Thursday trade, rebounding from previous losses after a strong lead from Wall Street.

AI of the tiger: Tiny camera 'protects' predator -- and people

Tiger populations are on the rise in the jungles of India and Nepal and the predators are roaming ever closer to villages, sparking a race among conservationists to find ways of avoiding conflict.

'We know who we are': Dance-pop band Muna comes into its own

Since the pandemic shock of being dropped by its label, the dance-pop band Muna has only seen its star rise, with a hit album, a coveted spot opening for Taylor Swift -- and a more defined sense of self.

Homelessness explodes in Canada as rents, housing prices soar

Canada is gripped by a surge in homelessness that has seen tens of thousands of people priced out of rental and real estate markets and left to live in the streets of the wealthy nation.

IMF, World Bank to tackle climate goals among reforms at annual meetings

The World Bank and International Monetary Fund will tackle the thorny issue of institutional reform at their upcoming annual meetings in Morocco next week.

Disgraced crypto king pleads 'good faith' in US fraud trial

Two visions of Sam Bankman-Fried, the disgraced crypto king, clashed in a New York courtroom on Wednesday in the opening arguments of his blockbuster trial for fraud.

Global stocks mixed as markets struggle to rebound

Global stocks were mixed Wednesday as investors sought to rebound following the prior session's big drop as oil prices moved sharply lower.

Strike means strong US car sales may be on borrowed time

Ford reported increased US quarterly sales Wednesday, rounding out a series of upbeat performance updates in a still-robust auto market that has yet to feel significant pain from a labor strike.

Google's new phone to run AI on-device

Google on Wednesday said its latest premium-priced Pixel phone would have powerful generative AI models running independently on the device, as the search engine giant seeks to lure buyers away from the latest iPhone.

Actors and Hollywood studios hold strike talks

Striking Hollywood actors were due to meet with studio bosses in Los Angeles on Wednesday, raising hopes that hundreds of films and television shows could finally resume production soon.

Turkey launches new Iraq strikes, warns Syria

Turkey on Wednesday launched fresh strikes against Kurdish targets in Iraq and warned of more intense cross-border air raids after concluding that militants who staged a weekend attack in Ankara came from Syria.

Relatives arrive in Italy for loved ones after deadly Venice bus crash

Relatives of victims of a deadly bus crash in Italy began arriving in Venice from other European countries Wednesday, looking to comfort injured loved ones or identify their dead.

Ford reports higher US auto sales amid strong demand

Ford reported increased US quarterly sales Wednesday, reflecting strong demand despite higher interest rates in an auto market that has yet to see significant effects from a labor strike.

Stocks mostly higher in cautious rebound after sell-off

Most US and European stock markets clawed back ground on Wednesday as investors staged a tentative rebound following heavy selling on fears that high US interest rates will drag down the world's largest economy.

More than 75,000 US healthcare workers begin 3-day strike

More than 75,000 employees at Kaiser Permanente began one of the largest healthcare worker strikes in recent US history on Wednesday after failing to resolve a dispute over staffing levels.

Forget company car, France embraces the company bike

As the popularity of cycling soars in France, a growing number of companies are giving employees the chance to ditch driving in favour of a greener, healthier alternative: the company bike.

Stocks edge higher in cautious rebound after sell-off

US and European stock markets were mostly higher on Wednesday as investors staged a tentative rebound following heavy selling on fears that high US interest rates will crimp growth in the world's largest economy.

Anger in Italy over road safety after deadly Venice bus crash

Venice authorities declared three days of mourning Wednesday after a bus crash killed 21 people including a toddler, sparking debate over the state of Italy's crumbling infrastructure.

EU formally starts probe into Chinese electric cars subsidies

The European Union said Wednesday that it had "sufficient evidence" of illegal Chinese electric car subsidies as it officially launched an inquiry that has enraged Beijing.

European stock markets rise as US bond yields surge

Stock markets diverged Wednesday with investors on edge as US and German bond yields jumped over fears that interest rates will stay high for longer.

Turkish TV editor goes on trial over Ocalan comments

A Turkish opposition TV channel editor went on trial on Wednesday over on-air comments about jailed Kurdish insurgency leader Abdullah Ocalan that could put him behind bars for more than 10 years.

1,000 migrants dream of US on train ride through Mexico

More than a thousand migrants rode atop a freight train to the edge of the US border on Tuesday after dodging authorities on a 10-day journey through Mexico.

UK supermarket Tesco says profits surge as costs drop

Britain's largest retailer Tesco on Wednesday said half-year net profit soared on slashed costs, and forecast a further slowdown in food price inflation.

Marcos lifts cap on Philippines' rice prices

Philippine President Ferdinand Marcos lifted a price ceiling on rice Wednesday, weeks after capping the cost of the staple to support poor households.

Venice mourns after 21 killed in bus accident

Flags flew at half-mast over Venice Wednesday after 21 people including a toddler were killed when a bus careered off an overpass and caught fire.

Markets fall on rate fears as bond yields rise

Markets fell Wednesday as robust US employment data and rising Treasury yields stoked fears that interest rates will be higher for longer.

'Zero income' after storms ravage famed Greek apple harvest

Engine revving, Greek apple farmer Thymios Economou strains to drive a pickup truck through a rock-strewn dirt road and reach his flood-stricken orchard.

Asian markets fall on rate fears as bond yields rise

Asian markets fell across the board Wednesday following Wall Street's lead after robust US employment data and rising Treasury yields exacerbated fears that interest rates will be higher for longer.

US jobseekers face tougher search despite robust market

For the past year, Taylor Simpson has been searching for a stable job while working part-time, but she is struggling to find a position she likes even though companies are hiring.

Sawt Falasteen - Economy (English)