Sawt Falasteen - Economy

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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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Stocks mixed as China data falls short, traders await more stimulus

Equities were mixed Tuesday, as traders await more measures by China to stimulate its economy and support the creaking property market, while fresh services data reinforced the need for action.

Hong Kong's top court rules in favour of same-sex civil unions

Hong Kong's top court ruled Tuesday in favour of same-sex partnerships including civil unions but stopped short of granting full marriage rights in a partial win for the city's LGBTQ community.

Black Sea ships carrying grain hit insurance obstacle

The risk of bombing has made it virtually impossible to insure ships leaving Ukraine via the Black Sea, leaving the sector to find an alternative route, especially for grain.

China's Country Garden narrowly avoids default: Bloomberg

Struggling Chinese developer Country Garden has made multi-million-dollar interest payments on two outstanding loans, reports said Tuesday, narrowly avoiding what would have been its first default.

Stocks down as traders await more China economic support measures

Equities fell Tuesday, with traders unable to build on the previous day's rally as they await fresh measures out of China to stimulate the economy and support the creaking property market.

Hong Kong's top court to rule on same-sex marriage

Hong Kong's top court will decide Tuesday whether to recognise same-sex marriages, rendering a verdict in one of the most consequential cases on the subject in the city's history.

Qantas boss retiring two months early

Embattled Qantas chief executive Alan Joyce is retiring two months earlier than planned, the Australian airline said Tuesday, with Vanessa Hudson taking over as the carrier's first female boss.

European stocks dip, oil prices rise

European stocks slid Monday as a positive lead from Asia on Chinese stimulus measures petered out, while oil prices continued their march higher.

Massive Greece wildfire coming under control: govt

Firefighters are gaining the upper hand on the massive blaze that has been raging for two weeks in the Dadia National Park in northeastern Greece, authorities said Monday.

World losing high-stakes fight against invasive species

Invasive species that wreck crops, ravage forests, spread disease, and upend ecosystems are spreading ever faster across the globe, and humanity has not been able to stem the tide, a major scientific assessment said Monday.

World losing high-stakes fight against alien species

Stock markets rise as Fed seen pausing over US rate hikes

Stock markets rose and the dollar weakened against the euro and pound Monday as US jobs data firmed expectations that the Federal Reserve would stop raising interest rates.

Africa seeking to tap investment on climate action

Kenya's president opened a landmark African climate summit on Monday saying the continent had an "unparalleled opportunity" to benefit from action to tackle global warming.

Turkey's inflation nears 60%, piling pressure on new team

Turkey's annual inflation approached 60 percent last month, official data showed Monday, putting pressure on the central bank to further hike interest rates at the risk of angering President Recep Tayyip Erdogan.

France evacuates five Afghan women 'threatened by Taliban'

France on Monday was due to receive five Afghan women "threatened by the Taliban" after repeated requests it create a humanitarian corridor for women shut out of public life, an official said.

French beauty brand L'Occitane halts trading in Hong Kong

Trading in French beauty brand L'Occitane was halted in Hong Kong on Monday after reports emerged that its controlling shareholder may take the company private.

L'Occitane halts trading in Hong Kong

Trading in French beauty brand L'Occitane was in Hong Kong on Monday after reports emerged that its controlling shareholder may take the company private.

Pope Francis visits homeless shelter on last day in Mongolia

Pope Francis, on the final day of his diplomatically tinged visit to Mongolia, headed to the capital's outskirts to inaugurate a homeless shelter and clinic.

French World Cup build-up overshadowed by Chalureau race case

France's Rugby World Cup build-up was overshadowed Sunday by demands for lock forward Bastien Chalureau to be dropped from the squad after he was convicted of a racially motivated attack.

Tech's carbon footprint: can AI revolutionize responsibly?

Across the globe, data servers are humming, consuming both megawatts and precious natural resources to bring life to our digital world.

US retailers voice alarm at rising theft, 'flash rob' attacks

Toothpaste, chocolate, washing powder and deodorant -- everyday products are increasingly under lock and key at US retailers, as petty theft and organized shoplifting rise while consumers grapple with costs of living.

Malaysia's Forest City teeters over China property giant woes

On the approach to Malaysia's $100-billion island megaproject backed by Chinese investment, a collapsed bridge forces drivers to detour before they reach an artificial city emerging from palm oil trees where condos, roads and shops lay empty.

From art squat to Berlin gentrification lightning rod

Berlin's Tacheles art squat, a symbol of the anything-goes vibe of the city after the fall of the Wall, is completing a disputed transformation into offices, shops and luxury flats.

Pakistan shopkeepers strike nationwide over inflation

Thousands of Pakistan traders shuttered their shops on Saturday, striking over soaring energy and fuel bills stirring widespread discontent ahead of national elections.

Pressure mounts on Country Garden despite temporary reprieve

Country Garden creditors have approved postponing the repayment of a key loan, narrowly avoiding a potential default, Bloomberg reported Saturday.

China's Country Garden wins vote on debt to avoid default: Bloomberg

Chinese developer Country Garden has won approval from creditors to extend a deadline for a key bond repayment, narrowly avoiding a potential default, Bloomberg reported Saturday.

In Rio wasteland, health teams take medical care to homeless

The patients don't have addresses, phone numbers or in many cases even last names. But the addicts and homeless people of this Rio de Janeiro wasteland can count one blessing amid the misery: health care.

'Legacy admissions' under fire at US universities

Should you get a leg up on your university application just because Mom or Dad had studied at that school?

Global stocks mixed as US jobs data fuels hope of rate hike pause

Global stocks diverged Friday, with the latest jobs report in the United States helping to solidify expectations of a pause in US interest rate hikes.

Spain sports court opens Rubiales probe, chief out to 'prove truth'

Spain's sports court agreed to investigate Luis Rubiales for forcibly kissing a Women's World Cup player as the scandal-hit football chief insisted he would defend himself to "prove the truth".

Kenya unveils plans for nationwide e-bike scheme

Kenya unveiled Friday plans to roll out electric motorbikes across the country under a green transport scheme to reduce carbon emissions and pollution.

Spain sports court opens probe into Rubiales' World Cup kiss

Spain's sports court has agreed to investigate Luis Rubiales for forcibly kissing a Women's World Cup player, paving the way for fresh sanctions against the scandal-hit football boss, the government said Friday.

Sawt Falasteen - Economy (English)