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

Hong Kong economy slows in second quarter after rebound

Hong Kong's economy expanded by 1.5 percent in the second quarter, data released Monday showed, indicating slowing growth after a robust start to the year.

Asia joins Wall St rally on US rates, China hopes

Markets rallied Monday, tracing another bump on Wall Street, where investors cheered a further slowdown in US inflation that stoked optimism the Federal Reserve will not have to hike interest rates again.

China, Pakistan to mark mega infrastructure anniversary

Chinese Vice Premier He Lifeng arrived in the Pakistan capital Sunday to mark the 10th anniversary of an enormous economic plan that is the cornerstone of Beijing's Belt and Road Initiative.

Ruto says he will 'not negotiate' Kenya's security with opposition

Kenyan President William Ruto said Sunday he would "not negotiate about the safety of our country" with his rival after agreeing to dialogue to end violent protests against his government.

Africa leaders give Niger junta week to cede power

African leaders on Sunday gave the junta in Niger one week to cede power or face the possible use of force, and slapped financial sanctions on the putschists, after the latest coup in the jihadist-plagued Sahel region raised alarm on the continent and in the West.

Africa leaders to meet on Niger coup, junta warns of 'intervention'

West African leaders were to meet on Sunday for a crisis summit on the coup in Niger, where protesters tried to storm the French embassy after the junta warned of an "imminent military intervention".

China and Pakistan to mark mega infrastructure anniversary

Chinese Vice Premier He Lifeng was due in the Pakistan capital on Sunday to mark the 10th anniversary of a mega economic plan that is the cornerstone of Beijing's Belt and Road Initiative.

Back on track: Europe's night trains make bumpy comeback

Night trains have made a comeback in Europe thanks to their low-carbon footprint, but after years of neglect, the renaissance has had a bumpy ride.

Hong Kong public broadcaster cancels LGBTQ radio show

A radio show promoting LGBTQ equality will end its 17-year run at Hong Kong's public broadcaster on Sunday, with station management citing "changes in programme" as the reason for cancellation.

UK railways hit by latest staff walkout

Rail workers in Britain held their latest strike over pay and conditions on Saturday, as more than a year of walkouts on the country's train network grinds on.

Ryanair pilots' strike in Belgium cancels almost 100 flights

A strike by Ryanair pilots in Belgium in an ongoing dispute over working conditions has cancelled 96 flights to and from Charleroi this weekend, the airport said, in the midst of the busy summer travel season.

Blazing cargo ship off Netherlands to be towed, 'likely this weekend'

Preparations were under way to salvage a cargo ship packed with electric vehicles that caught fire off the Dutch coast, officials said Friday, in an operation intended to avert an ecological disaster.

US, European stocks push higher as inflation eases

Wall Street rebounded Friday and eurozone stocks edged higher on data showing easing inflation, while the yen yo-yoed after Japan's central bank tweaked its ultra-loose monetary policy.

Ship blaze off Dutch coast losing 'intensity'

Rescuers were on Friday finally able to board a cargo ship packed with electric vehicles that caught fire off the Dutch coast but authorities said the flames, though less intense, still pose a risk to nearby natural sites.

Russia retains allies, despite the Ukraine conflict

Despite the military intervention in Ukraine and efforts by the West to paint Russia as a pariah state, Moscow can still count on support from several African, Latin American and Asian governments, including that of heavyweight China.

P&G shares jump as it forecasts profit growth

Procter & Gamble reported another quarter of solid profit growth behind price hikes on Friday as shares rallied on an earnings forecast that topped analyst expectations.

Stocks push higher as inflation eases

Wall Street rebounded Friday and eurozone stocks edged higher on data showing easing inflation, while the yen yo-yoed after Japan's central bank tweaked its ultra-loose monetary policy.

Kenzo presents first fashion show in China

Against Shanghai's glittering river skyline, Kenzo-clad models strutted down a breezy open-air runway on Friday for the French fashion brand's first-ever show in China.

US oil giants report lower profits but lift shareholder payouts

ExxonMobil and Chevron reported profits Friday that were much lower than last year's due a drop in commodity prices, but still lofty enough to enable increased shareholder distributions.

Key US inflation gauge cools further as rate hikes bite

A key indicator of US inflation cooled in June to the lowest annual rate in over two years, although this remains above the central bank's target, according to government data released Friday.

Air France-KLM doubles profits despite inflation

Air France-KLM announced Friday it doubled its net profit in the second quarter, benefiting from high demand in air travel despite rising inflation which has increased costs.

Yen swings after Bank of Japan policy tweak

The yen fluctuated Friday after Japan's central bank tweaked its ultra-loose monetary policy, while stocks markets traded mixed after forecast-beating US data revived concerns the Federal Reserve could hike interest rates further.

Stagnant German growth clouds eurozone economy

Flatlining German growth figures on Friday contrasted with positive performances in France and Spain, adding to worries that the traditional manufacturing powerhouse could become a drag on the eurozone economy.

Crisis-hit NatWest bank launches review into Farage case

British bank NatWest on Friday said it had launched an independent review into its handling of arch-Brexiteer Nigel Farage, whose account it controversially shut, costing the jobs of top executives.

Battle against Greece wildfires 'improving': fire service

The fight against deadly wildfires raging in Greece for more than a week is improving, the fire service said on Friday, warning it remained on alert as fierce winds were forecast that could rekindle blazes.

Germany's pivotal chemicals industry gripped by crisis

Thomas Kadowsky imagined that he would keep working at the German industrial coatings plant where he had served as team leader for over 30 years until he retired.

Yen swings after Bank of Japan policy tweak, Asian equities mixed

The yen fluctuated Friday after Japan's central bank tweaked its ultra-loose monetary policy, while other Asian stocks were mixed after forecast-beating US data revived concerns the Federal Reserve could hike interest rates further.

British Airways parent IAG flies back to profit

IAG, parent of British Airways, said Friday it returned to first-half profit as the aviation sector recovers from the Covid pandemic despite inflation lifting company costs and ticket prices.

Bank of Japan to allow 'greater flexibility' in controlling bond yields

The Bank of Japan on Friday eased its grip on its ultra-loose monetary policy in a small step towards normalisation as inflation accelerates and the yen comes under pressure against other major currencies.

Yen rallies after Bank of Japan policy tweak, Asian equities mixed

The yen rallied and Japanese stocks fell after the country's central bank tweaked its ultra-loose monetary policy on Friday, while other Asian stocks were mixed after forecast-beating US data revived concerns the Federal Reserve could hike interest rates further.

'Happy Dancing' routine boosts fitness in fast-ageing China

Hundreds of dancers twirl in unison by a riverside in northeastern China, thrusting hips and shimmying shoulders in an unusual but beloved routine that has taken the country by storm.

Asian markets drop after Wall St loss, yen rises ahead of BoJ

Equities fell Friday following a sell-off on Wall Street where forecast-beating data revived concerns the Federal Reserve could hike interest rates further, while speculation swirled that the Bank of Japan could be preparing to shift from its era of easy money.

Sawt Falasteen - Economy (English)