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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Staff to strike at Chevron gas facilities in Australia

Workers at two of Chevron's major natural gas plants in Australia are set to go on strike next week, the US energy giant said Tuesday, threatening up to five percent of global LNG supplies.

Toyota factories in Japan hit by massive glitch

Toyota said Tuesday it halted operations at 12 of its 14 factories in Japan due to a system glitch, but that it did not appear to be a cyberattack.

London vehicle pollution toll zone expands despite controversy

London's Ultra-Low Emission Zone (ULEZ) is set to be expanded on Tuesday, with proponents promising cleaner air throughout the British capital but opponents decrying the financial burden during a cost-of-living crisis.

Stocks advance on Powell comments, China cut to tax on trading

Global stock markets rose Monday on positive sentiment surrounding interest rates and Chinese stimulus measures.

Climate poses 'high risk' for Europe's ski resorts

At current rates of greenhouse gas emissions, which would see Earth's surface warm nearly three degrees Celsius above pre-industrial levels, 90 percent of Europe's ski resorts will eventually face critical shortages of natural snow, researchers said Monday.

Libya foreign minister sacked after Israel meeting

Libya's internationally recognised prime minister has sacked his top diplomat after she met her Israeli counterpart, with news of the encounter triggering protests in a country that does not recognise Israel.

Ugandan charged under anti-gay law faces possible death penalty

Ugandan prosecutors have charged a man with "aggravated homosexuality", potentially a capital offence under controversial anti-gay legislation introduced by the country this year, an official said Monday.

Chinese electric carmaker BYD triples half-year profit

BYD, China's leading electric carmaker, said on Monday its half-year net profit had tripled based on record demand.

Stocks advance on Powell comments, China boosted by duty cut

Global stock markets rose Monday on positive sentiment on interest rates and Chinese stimulus measures.

Iran inaugurates last phase of mega-gas field

Iranian President Ebrahim Raisi inaugurated on Monday the last phase of the South Pars gas field, one of the world's largest natural gas condensate field and the country's biggest.

US, China to set up commercial issues working group

The United States and China will set up a new working group for discussing trade tensions, Washington said Monday, as the world's largest economy seeks to cool tensions with its strategic competitor.

China developer Evergrande plunges as Hong Kong trading resumes

Shares in troubled Chinese property giant Evergrande plummeted nearly 80 percent in Hong Kong on Monday after the end of a 17-month trading suspension.

China EV giant XPeng to buy rival for more than $740 million

Chinese electric car giant XPeng said Monday it would buy the EV subsidiary of ride-hailing platform Didi for more than $740 million and launch a new brand of vehicles.

Markets rally on Powell comments, China boosted by duty cut

Asian markets rose Monday after Federal Reserve chief Jerome Powell said officials would take a careful approach regarding interest rate hikes, while Chinese shares soared after the government cut the duty on trades.

China developer Evergrande plunges after resuming Hong Kong trading

Shares in troubled Chinese property giant Evergrande plummeted more than 80 percent in Hong Kong on Monday morning after the lifting of a 17-month trading suspension.

US commerce secretary kicks off visit to China

US Commerce Secretary Gina Raimondo is set to hold meetings with Chinese counterparts Monday on a trip to Beijing aimed at cooling trade tensions between the world's two largest economies.

New airport sparks unlikely dreams in isolated north Cyprus

Isolated for almost half a century, the self-declared Turkish Republic of Northern Cyprus has just opened a half-billion-dollar airport terminal in the hope of boosting tourism.

Ancient priest's remains are a first-of-a-kind find for Peru team

A group of Japanese and Peruvian archaeologists have discovered the 3,000-year-old tomb of a priest alongside ceramic offerings in northern Peru.

Two dead, 56 injured in Romania gas station blasts

Prosecutors opened an inquiry Sunday into two explosions at an unlicensed liquefied petroleum gas filling station that left two people dead and 56 people injured north of Romania's capital Bucharest at the weekend.

London businesses weary as vehicle pollution toll zone expands

Days ahead of the controversial expansion of London's road charging scheme for the most polluting vehicles, businesses in the British capital remain wary despite the mayor unveiling further subsidies.

Fewer stars, more scandal at 80th Venice Film Festival

The Venice Film Festival celebrates its 80th edition next week, but a Hollywood strike means many stars may be missing, leaving the spotlight to controversial directors like Roman Polanski and Woody Allen.

The fight over a 'dangerous' ideology shaping AI debate

Silicon Valley's favourite philosophy, longtermism, has helped to frame the debate on artificial intelligence around the idea of human extinction.

US stocks finish rollercoaster session higher after Powell speech

Wall Street stocks finished a volatile week on a sunny note Friday, pushing higher after investors judged Federal Reserve Chair Jerome Powell's latest speech as devoid of negative bombshells.

Hermoso part of mass strike after denying she consented to Rubiales kiss

Spanish midfielder Jenni Hermoso joined a mass strike of women players on Friday after saying she did not consent to being kissed by the country's football federation chief Luis Rubiales after Spain's victory in the Women's World Cup final.

Spain's Hermoso felt 'vulnerable and victim of assault' after Rubiales kiss

Spain midfielder Jenni Hermoso said Friday she felt like she had been assaulted by the country's football federation president Luis Rubiales when he forced a kiss on her at the World Cup final.

Hermoso set to join mass strike after denying she consented to kiss

US Fed 'prepared to raise rates further' on too-high inflation

The US Federal Reserve is prepared to raise interest rates higher -- and hold them there -- to "sustainably" bring down above-target inflation, chairman Jerome Powell said Friday.

Drought-hit Panama Canal to restrict access for one year

The drought-hit Panama Canal will maintain restrictions on the passage of ships for one year, a measure that has already led to a marine traffic jam as boats line up to enter the crucial waterway linking two oceans, an official said late Thursday.

Spanish football chief Rubiales refuses to quit over player kiss

Spanish football chief Luis Rubiales refused to resign on Friday after a week of widespread criticism for his unsolicited kiss on the lips of player Jenni Hermoso following Spain's Women's World Cup triumph.

AI risks repeating social media era's mistakes: Microsoft president

Breakneck development of artificial intelligence risked repeating mistakes made by the tech industry at the start of the social media era, Microsoft president Brad Smith told a business forum on Friday.

UN-backed deforestation carbon credits failing: study

Only a small fraction of the forest-based carbon credits that companies and governments have purchased to offset their greenhouse gas emissions actually help prevent deforestation, according to new research.

Spanish football chief Rubiales refuses to resign over player kiss

Spanish football chief Luis Rubiales refused to resign on Friday after a week of heavy criticism for his unsolicited kiss on the lips of player Jenni Hermoso following Spain's Women's World Cup triumph.

Sawt Falasteen - Economy (English)