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

Markets drop as traders fret over another Fed hike

Stock markets mostly fell Tuesday on renewed concerns that the Federal Reserve will hike rates again, while another weak batch of trade data compounded worries about the struggling Chinese economy.

Markets struggle as traders fret over another Fed hike

Stock markets stuttered Tuesday on renewed concerns that the Federal Reserve will hike rates again, while another weak batch of trade data compounded worries about the struggling Chinese economy.

China reports biggest drop in exports since 2020

China last month suffered its biggest drop in exports for more than two years, according to official figures Tuesday, as the world's second-largest economy struggles with sluggish global demand and a domestic slowdown.

Asian markets struggle as traders fret over another Fed hike

Asian markets stuttered Tuesday on renewed concerns that the Federal Reserve will hike rates again, while ongoing worries about the Chinese economy added to the negativity.

Scouts begin S. Korea jamboree evacuation over extreme weather challenges

Tens of thousands of scouts were being evacuated from their problem-plagued South Korean campsite on Tuesday ahead of a typhoon, as the scout chief said the challenges were unprecedented in a century of global jamborees.

Paramount announces sale of Simon & Schuster for $1.62 bn

Paramount Global said Monday it had reached an agreement to sell Simon & Schuster, a top US publisher, to private equity firm KKR for $1.62 billion.

Indigenous groups call for bold steps at Amazon summit

Indigenous leaders from across South America called Monday for bold steps to protect the Amazon and their ancestral lands ahead of a summit on saving the world's biggest rainforest.

Britain begins housing migrants on docked barge

Britain on Monday began housing migrants on board a barge docked off the southwest English coast, in its latest controversial immigration policy that has drawn heavy criticism from locals and rights campaigners.

W. African bloc to meet after Niger defies coup ultimatum

West African leaders will hold a summit on the crisis in Niger this week after the country's military rulers defied an ultimatum to restore the elected government or face possible military intervention.

Stocks waver on uncertain rate outlook

Concerns about the potential for further interest rate hikes weighed on stock markets Monday even as data pointed to weakening economies in the US and Europe, though Wall Street managed to recover some of last week's heavy losses.

Paris says tough Airbnb rules 'working' as violations fall

The city of Paris said on Monday that its tough restrictions on the online accommodation service Airbnb were working, pointing to fewer violations of the code this year in the French capital but stiffer fines.

Niger awaits response after defying coup ultimatum

Niger's military rulers were on Monday in defiance of an ultimatum to restore the elected government as the threat of possible military intervention was still on the table.

European stock markets drop on weak data

European stock markets retreated Monday on further poor economic data for the region and following a mixed showing by major Asian indices.

Thousands of US sailors, Marines reach Red Sea after Iran tensions

More than 3,000 US military personnel have arrived in the Red Sea aboard two warships, as part of increased deployments after tanker seizures by Iran, the US Navy said Monday.

Asian markets fluctuate after mixed US jobs report

Asian equities swung Monday following a mixed US jobs report that left investors weighing the chances of another Federal Reserve interest rate hike.

Coup sanctions plunge Niamey into the dark

The long-suffering people of Niger's capital, Niamey, are used to intermittent power cuts. But since the coup d'etat one week ago, interminable blackouts have tested their patience to the limit.

Niger closes airspace over 'threat of intervention' as junta defies deadline

Niger closed its airspace due to the "threat of intervention" as the junta defied a deadline from the West African bloc ECOWAS to reinstate democratically elected President Mohamed Bazoum or face possible military action.

New York drives towards first US congestion charge

New York wants to introduce car-loving America's first congestion charge, but the move faces fierce opposition -- including from the city's famous yellow taxis.

French paper launches first edition under far-right editor

France's only national Sunday newspaper this weekend published its first edition under the leadership of a controversial far-right editor, whose appointment had prompted an unprecedented and lengthy staff walkout.

'Slaughter' as 30 migrants missing off Italy in rough seas

At least 30 migrants are missing following two shipwrecks off the Italian island of Lampedusa, according to survivor testimony, as rescuers Sunday winched to safety others trapped on the rocks by rough seas.

Pakistan's economic woes leave textile industry in tatters

Factory worker Lubna Babar was made redundant at the beginning of the year, a victim of a crisis in the Pakistan textile industry that has seen it lose ground to more nimble Asian competitors.

Pressure mounts on Niger coup leaders as deadline approaches

Pressure on Niger's coup leaders mounted Sunday with the approach of the deadline set by the West African regional bloc ECOWAS for the military to relinquish control or face possible armed intervention.

French billionaire Drahi to face investors as graft claims swirl

French-Israeli billionaire Patrick Drahi is set to make a rare appearance in front of investors this week with his multinational business empire Altice in the grip of a corruption scandal.

Firefighters contain wildfire near Spanish-French border

Firefighters from Spain and France succeeded on Saturday in containing a wildfire near the countries' shared Mediterranean coastal border, after winds dropped enough to allow water bomber planes to fly.

Pressure mounts on Niger coup leaders as deadline nears

Pressure on the leaders of a coup in Niger mounted Saturday on the eve of a west African bloc's deadline for the military to relinquish control or face possible armed intervention.

Belgium canal city of Bruges hits 'red line' with tourist crowds

Inhabitants of Belgium's cobblestone-and-canal city of Bruges are clear: summertime tourism has hit capacity.

Saudi dives into Ukraine peace push with Jeddah talks

Saudi Arabia was set to host talks on the Ukraine war on Saturday in the latest flexing of its diplomatic muscle, though expectations are mild for what the gathering might achieve.

Global equities mixed following US jobs report

US stocks ended lower on Friday as traders digested a mixed employment report, while bourses in Europe and Asia advanced.

US jobs data works to boost stocks

A tepid jobs report that could help the Federal Reserve hold off on further interest rate hikes on Friday boosted equities and pulled the rug out from under the dollar.

Southgate understands anger over Henderson's Saudi move

England manager Gareth Southgate says he understands the criticism directed at Jordan Henderson, a vocal supporter of the LGBT community, following his move to Saudi Arabian club Al-Ettifaq.

US hiring cooler than expected in July but jobs market still solid

Job growth in the United States was lower than anticipated in July, according to government data released Friday, hovering at the slowest pace since late 2020 in encouraging news for policymakers.

Stock markets diverge on mixed US jobs data

Stock markets diverged on Friday, with US stocks pushing higher after positive earnings and a tepid jobs report that could help the Federal Reserve hold off on further interest rate hikes.

Sawt Falasteen - Economy (English)