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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Stock markets mostly gain on China stimulus hopes

Stock markets mostly rose Tuesday, with the biggest gains in Asia after China's leaders pledged fresh measures to boost the nation's stuttering economy.

Paris Olympics organisers face host of challenges with a year to go

The Paris Olympics begin with a spectacular ceremony on July 26, 2024 but with a year to go, organisers face a series of challenges.

Swedish retailer H&M sues Chinese rival Shein in Hong Kong court

Retail giant Hennes & Mauritz has sued its fast-growing rival Shein in a Hong Kong court for copyright infringement, the Swedish fashion juggernaut said Tuesday.

Biden to designate civil rights monument amid new racism row

US President Joe Biden is set to designate a new national monument on Tuesday memorializing the horrific 1950s lynching of Emmett Till, with the White House framing the symbolic act as part of a fight against resurgent racism.

China stimulus hopes help boost stock markets, Fed in focus

Hong Kong led a surge across markets Tuesday after China's leaders pledged fresh measures to boost the nation's stuttering economy, building on optimism that central banks were nearing the end of their rate-hiking cycle.

Greece faces new heatwave as wildfires rage

Greece braced for a new wave of soaring temperatures Tuesday, as wildfires raged on two popular tourist islands.

Thousands of Afghan salons to close as Taliban deadline bites

Thousands of beauty parlours across Afghanistan were due to close permanently Tuesday following an order by Taliban authorities that cuts off one of the few revenue streams available to women, as well as a cherished space for socialising.

China stimulus hopes help boost Asian markets, Fed in focus

Hong Kong led a surge across most Asian markets Tuesday after Chinese leaders pledged fresh measures to boost the nation's stuttering economy, building on optimism that central banks were nearing the end of their rate-hiking cycle.

'Era of mass closures': the Japan businesses without successors

Kiyoshi Hashimoto's machinery factory outside Tokyo should be buzzing with industry. Instead, it's so quiet you can hear him practising the recorder.

Elon Musk puts his "X" on Twitter

Since buying Twitter, Elon Musk has made significant changes to the company as well as the app itself, from charging for features to killing off the bird logo.

Eurozone economic downturn steepens in July

Eurozone economic activity shrank at its fastest rate in eight months in July, as a contraction gathered pace on the back of cuts in manufacturing, a key survey said Monday.

UN stages food summit as more people around world go hungry

A three-day United Nations summit opened in Rome on Monday aimed at tackling a "broken" global food system where millions are starving, billions are obese and the planet is suffering.

Stock markets mixed before key rate calls

Stock markets diverged Monday as traders reacted to weak global data and political uncertainty in Spain, while awaiting key interest-rate decisions due this week.

Philips sales jump, bounces back from respirator recall

Dutch medical tech firm Philips posted a nine percent jump in second-quarter sales and a return to profit on Monday as it bounces back from a global recall of sleep respirators.

Markets mixed ahead of key rate decisions, China worries weigh

Equities were mixed Monday in Asia with investors gearing up for policy decisions at major central banks this week, while concern over the Chinese economy continued to dampen sentiment.

Asian markets mostly gain ahead of key rate decisions

Equities mostly rose Monday in Asia with investors gearing up for policy decisions at major central banks this week, while concern over the Chinese economy continued to dampen sentiment.

ECB set to hike again with inflation stubbornly high

Another interest rate hike appears a near certainty when ECB policymakers meet Thursday as inflation remains high, but the central bank faces increasing discontent among countries scared high interest rates will hurt growth.

In age of AI, women battle rise of deepfake porn

Photo apps digitally undressing women, sexualized text-to-image prompts creating "AI girls" and manipulated images fueling "sextortion" rackets -- a boom in deepfake porn is outpacing US and European efforts to regulate the technology.

G20 energy ministers fail to agree on fossil fuels roadmap

Energy ministers from the group of 20 nations meeting in India Saturday failed to agree on a roadmap to phase down the use of fossil fuels in the global energy mix.

10 months since Iran's protests, Kurdish exiles in limbo

Like other Iranian Kurds who fled into exile during last year's women-led mass protests, 17-year-old Sarina tries to keep a low profile in her new home in northern Iraq.

Trailers, a growing trend in wealthy California's housing crisis

Tamara Hernandez moved into a recreational vehicle when her rent shot up. Beau Beard did it because he lost everything after going to prison.

Global stocks mixed after tech drubbing

Global stock markets wavered on Friday, a day after shares in major US tech firms took a beating and as investors brace for a week of interest rate decisions.

Amazon invests $120 million in internet satellite facility

Amazon said Friday it will invest $120 million to build a satellite construction facility at NASA's Kennedy Space Center, as part of its plans to launch a space internet service to rival SpaceX's Starlink.

India and Sri Lanka to consider land link

India and Sri Lanka agreed Friday to consider building a land link between them, they said during President Ranil Wickremesinghe's first visit to the regional powerhouse, as Chinese influence grows on his island.

Stocks mixed after tech drubbing

Global stock markets wavered on Friday, a day after shares in major tech firms took a beating and as investors brace for a week of interest rate decisions.

Synthetic drug 'kush' ravages Sierra Leone's young

Their lives are mired in poverty and despair.

McDonald's opens misconduct unit after UK allegations

McDonald's UK has opened a specialist unit to investigate allegations of racial and sexual misconduct exposed by the BBC, its boss announced Friday.

Stocks mixed as markets eye more US rate hikes

Asian and European stock markets traded mixed Friday as a drop in US jobsless claims revived expectations of two more interest-rate hikes from the Federal Reserve, adding to worries about China's economy.

Top rice supplier India bans some exports

The world's biggest rice exporter India has banned some overseas sales of the grain "with immediate effect", the government said, in a move that could drive international prices even higher.

Markets fluctuate as US jobs data knocks rate hopes

Asian equities wobbled again Friday at the end of a draining week as fresh US jobs data put revived bets on two more Federal Reserve interest rate hikes, adding to ongoing worries about China's economy.

Opposites attract: 'Barbenheimer' double debut to rock US, Canada

An iconic doll ready to paint the world pink and the scientist who helped invent the atomic bomb -- an unlikely pair and apparently a match made in box office heaven.

Growing climate risks fuel surge in US home insurance costs

When Jack Hierholzer moved back to Pensacola in the Florida panhandle, it felt like a homecoming.

Sawt Falasteen - Economy (English)