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

Brain implants could restore paralyzed patients' arm movements

A paralyzed Swiss man has become the first person to test a new technology that reads his thoughts using AI and then transmits signals through his own nervous system to his arms, hands and fingers in order to restore movement.

What happens if US government enters a shutdown?

The United States is heading toward a government shutdown this weekend with no foreseeable way out of a deadlock in Congress over hardline Republican calls for deep spending cuts.

US sues eBay for selling products that harm environment

The US Justice Department sued eBay on Wednesday for allegedly selling restricted pesticide products and devices that defeat motor vehicle emission controls.

Stocks struggle to make headway against inflation, rate fears

European stocks closed lower Wednesday and Wall Street slipped back from early gains on expectations that inflation will keep US interest rates high, which also drove investors to seek safety in the dollar.

Inuit versions of Metallica, Pink Floyd tackle Indigenous trauma

They are classics by Pink Floyd, Queen and Metallica like you've never heard them. Translated into her Inuit language, singer Elisapie uses them to convey the hopes and trauma of Canada's Indigenous people.

TotalEnergies to raise fossil fuel production

French oil and gas major TotalEnergies said Wednesday that it would boost fossil fuel production over the next five years, a reversal after years of reducing output.

Nearly half of Karabakh population flees Azerbaijan's control

Armenia said Wednesday that nearly half of Nagorno-Karabakh's population has fled the enclave since Azerbaijan crushed the rebels' decades-long fight for an independent state last week.

France hopes for 'ambitious' growth in budget plan

The French government on Wednesday presented a budget plan based on a buoyant growth prediction that raised eyebrows at France's public finance watchdog.

Indonesia bans goods transactions on social media platforms

Indonesia has banned goods transactions on social media platforms in a new regulation, its trade minister said Wednesday, as Jakarta aims to rein in direct sales on major platforms it says are harming millions of small businesses.

Stock markets diverge as uncertain outlook buoys dollar

World stocks markets were mixed Wednesday as the dollar hit multi-month peaks on expectations of more hikes to US interest rates to combat persistently high inflation.

Poland says open to Ukraine grain proposals ahead of talks

Poland's agriculture minister said on Wednesday that his country remained open to a Ukrainian proposal for a grain import licensing system, adding that the thorny issue would be discussed in the coming weeks.

Markets mostly up but US rate outlook feeds uncertainty

Markets mostly rose Wednesday following hefty recent losses but traders remain consumed by worries over the economy as the Federal Reserve considers hiking interest rates further.

Asian markets mixed but US rate outlook feeds uncertainty

Markets were mixed Wednesday as the hefty selling witnessed in the first few days of the week eased but traders remain consumed by worries over the economy as the Federal Reserve considers hiking interest rates further.

Students see glimmer of hope in post-Bongo Gabon

At Omar Bongo University in Gabon's capital, student Nathan Ovono Obiang is as absorbed by what's going on in his post-coup country as he is in his maths lessons.

'Save our village': Indonesians resist eviction for China-backed project

Sitting on a creaky bridge linking stilt houses, Indonesian fisherman Sadam Husen fears for his people and their traditions, knowing they may be uprooted from their ancestral land to make way for a China-funded megaproject worth billions.

Police hold boss of troubled developer China Evergrande: report

The billionaire boss of beleaguered Chinese property developer China Evergrande is being held by police, a report said Wednesday, as the debt-ridden company grapples with severe financial difficulties.

Boss of Chinese property giant Evergrande being held by police: report

The billionaire boss of beleaguered Chinese property developer Evergrande is being held by police, Bloomberg reported Wednesday, as the debt-ridden company continues to grapple with severe financial troubles.

Asian markets swing but US rate outlook feeds uncertainty

Markets flittered between gains and losses Wednesday as the hefty selling witnessed in the first few days of the week eased but traders remain consumed by worries over the economy as the Federal Reserve considers hiking interest rates further.

Rising crime in US capital divides politicians, puzzles researchers

Violent crime is on the rise in the US capital, where a 28-percent uptick in homicides this year has left researchers perplexed and politicians pointing fingers.

Hit soccer video game adds mixed-gender teams, sheds FIFA name

The blockbuster soccer video game franchise from Electronic Arts, no longer linked to FIFA, will allow mixed-gender lineups in fantasy matches that have triggered sexist pushback even before the Friday release.

Sacred cow: Ball makers break taboos for India's favourite sport

Stitching together cricket balls is a wearisome task for leatherworker Bunty Sagar, whose labours are frowned upon by many fellow Indians even if he makes their favourite pastime possible.

World Bank chief vows to tackle 'dysfunctionality' at development lender

World Bank President Ajay Banga said Tuesday that he is working to reform "dysfunctionality" in the boardroom of the development lender, and pledged to refocus its mission to better address the challenges posed by climate change.

With shutdown looming, US Senate offers short-term budget fix

The US Senate drafted a last-ditch short-term budget proposal Tuesday as time was running out on Congress to avoid a partial government shutdown.

Biden makes history by joining US picket line

Joe Biden became the first sitting US president to stand on a picket line Tuesday, joining striking auto workers in Michigan in a bold pitch for blue collar votes against likely election rival Donald Trump.

Biden makes history by joining US auto workers picket line

Writers' guild leaders to meet on Hollywood studio offer

Leaders of the Writers Guild of America will meet Tuesday to decide whether to accept a pay deal hammered out with studios, and could agree to halt a months-long strike that has paralyzed Hollywood.

Spain prosecutors say Shakira owes $7mn in tax

Colombian pop idol Shakira, who stands trial in Barcelona in November for tax fraud, is facing a fresh probe by prosecutors who claim she cheated Spain's tax office out of 6.6 million euros.

Biden makes history by joining striking US car workers

Joe Biden joined striking auto workers on the picket line in Michigan Tuesday in a historic first for a sitting US president, a day before rival Donald Trump makes his own bid for the blue collar vote in the battleground electoral state.

Days from shutdown, US budget talks threaten Ukraine aid

The US Congress was running out of time Tuesday to avoid a partial government shutdown forced by hard-right Republicans, throwing into doubt White House plans to provide another $24 billion in war aid for Ukraine.

Dior mocks sexist stereotypes at Paris Fashion Week

After scoring a PR coup by dressing Queen Camilla for the state dinner at Versailles earlier this month, Dior took aim at sexist stereotypes for its latest show in Paris on Tuesday.

Biden to join striking car workers in 'historic' move

US President Joe Biden began an unprecedented trip to join striking auto workers on the picket line in Michigan Tuesday, a day before rival Donald Trump makes his own bid for the blue collar vote in the battleground electoral state.

JPMorgan Chase to pay $75 mn to settle Epstein-linked sex trafficking suit jmb/st

JPMorgan Chase announced Tuesday that it will pay $75 million to settle a US Virgin Islands' (USVI) lawsuit that accused the bank of facilitating Jeffrey Epstein's sex trafficking ring.

Sawt Falasteen - Economy (English)