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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Musk says Twitter has lost half its advertising revenue

Twitter owner Elon Musk said Saturday that the social media platform he bought for $44 billion last October has lost roughly half of its advertising revenue.

French war photographer Marie-Laure de Decker dead at 75

Marie-Laure de Decker, the French model who stepped behind the camera to become an internationally recognised war photographer, has died at the age of 75, her family said Saturday.

Azerbaijan, Armenia hold talks, Russia proposes Moscow summit

Azerbaijan and Armenia held a fresh round of EU-mediated peace talks Saturday, while Russia offered a summit in Moscow in a bid to reassert a lead role in the normalisation process.

Azerbaijan, Armenia hold Brussels talks, Russia proposes Moscow summit

Azerbaijan and Armenia held a fresh round of EU-mediated peace talks Saturday, while Russia offered a summit in Moscow in an effort to reassert a lead role in the normalisation process.

'Like Ons Jabeur': Young Tunisian girls dream of tennis glory

At a sporting club in Tunis, young girls enthusiastically hit yellow tennis balls across the court in the hope of one day making it to Wimbledon, like their idol Ons Jabeur.

Strikes strand thousands of tourists in Italy, Belgium

Strikes by airport and airline staff grounded hundreds of flights and left thousands of travellers stranded in Europe on Saturday at the height of the busy summer tourism season.

Paraguay's Pena says Taiwan ties make 'more sense' than China

Paraguay's formal ties with Taiwan make "more sense" than recognising China, and will be a greater boost to development in the South American nation, president-elect Santiago Pena said Saturday.

Viral caffeine-heavy drink raises concerns for US kids

With its extremely high levels of caffeine, a hip new soft drink is raising fears in the United States that it might be dangerous for children, who have been snapping up the beverage since it was launched by famous YouTube personalities.

'Artificially high' growth predicted for China in Q2: survey

China's economic growth is expected to have surged in the second quarter, an AFP survey has forecast, but analysts say Monday's figures will be misleadingly inflated given the low base of comparison with pandemic-wracked 2022.

Global stocks mixed as Wall Street rally begins to tire

World stock markets were mixed Friday as a Wall Street rally showed signs of fatigue, despite solid bank earnings and improving inflation data.

Striking actors join picket lines as Hollywood shuts down

Actors took to picket lines outside Netflix and other studio headquarters in Los Angeles on Friday as movie and television production ground to a halt in the most serious Hollywood strike in decades.

Stocks mostly rise as profits please and recession worries ease

World stock markets mainly rose Friday as companies reported better-than-expected earnings and investors hoped easing US inflation would mean an end to rate hikes is near.

UN rights council calls for AI transparency

The UN Human Rights Council on Friday called for transparency on the risks of artificial intelligence and for the data harvested by AI to be used responsibly.

Transgender cyclists barred from women's competition - UCI

Female transgender riders who transitioned after male puberty will be prohibited from women's events in all categories of cycling, the sport's governing body said on Friday.

Iraqis beat summer heat by swimming in shrinking Tigris river

With scorching temperatures and power cuts, Wissam Abed cools off from Baghdad's brutal summer by swimming in the Tigris river, but as Iraqi rivers dry up, so does the age-old pastime.

US banks caution on economy as Fed rate hikes boost earnings

Results of large US banks released Friday underscored the boon from higher interest rates, as executives described the world's biggest economy as "resilient" but facing risks.

Stock rally rolls on as profits please and recession worries ease

World stock markets mainly rose Friday as companies reported better-than-expected earnings and investors are hopeful easing US inflation means an end of rate hikes is near.

Markets mostly rise on hopes Fed near end of rate hike cycle

World stock markets mainly rose Friday as easing US inflation continued to spark hope of a pause to Federal Reserve rate hikes, while investors awaited key bank results on Wall Street.

Ericsson and Nokia feel squeeze of interest rates hikes

Interest rate hikes are forcing mobile operators to scale back investment in 5G networks, with equipment manufacturer Ericsson reporting Friday a rare net quarterly loss and Nokia lowering its outlook.

Burberry sales jump on China boost

British luxury fashion house Burberry on Friday logged a jump in quarterly sales on surging demand in China after the key market lifted Covid restrictions.

Russian transgender people 'in total despair' over new bill

"Nikolai", a 21-year-old transgender man, says he does not know how he can keep living in Russia after lawmakers moved to outlaw gender transitions.

'Like hell': India's burning coalfields

Deadly fires have raged for a century in mines in India's Jharkhand state, where Savitri Mahto is one of 100,000 people risking their lives shovelling coal to supply insatiable demand.

Markets extend rally on hopes Fed near end of rate hike cycle

Asian traders on Friday welcomed more data showing falling US inflation, giving the Federal Reserve room to bring the curtain down on more than a year of interest rate hikes.

In Sao Paulo, boom of apartments the size of hotel rooms

Lara Maia types on her laptop perched on a small desk occupying a gap between the fridge and wardrobe in her micro-apartment in Sao Paulo, Latin America's most populated city.

Hollywood 'double strike': what it means

Hollywood's actors and writers will join forces on the picket line from Friday, after studios failed to reach a deal this week with the Screen Actors Guild (SAG-AFTRA).

Aspartame sweeteners 'possibly carcinogenic', says WHO

The WHO said Friday it was now classifying aspartame, an artificial sweetener commonly used in soft drinks, as "possibly carcinogenic to humans" -- though the acceptable daily intake level remains unchanged.

Strikes end at western Canada ports after deal reached

A strike which had shut down ports along Canada's west coast, including the country's largest in Vancouver, has ended after 13 days of nationwide economic repercussions, negotiators announced Thursday.

'I have to be able to pay my rent': Hollywood actor feels the squeeze

Dominic Burgess has been a member of Hollywood's Screen Actors Guild for well over a decade, guest starring in high-profile TV shows from "Modern Family" and "The Good Place" to "Star Trek: Picard."

US arrests former head of bankrupt crypto platform Celsius

US prosecutors arrested the former head of Celsius Network on fraud charges on Thursday, a year after the cryptocurrency platform filed for bankruptcy protection while owing investors $4.7 billion.

Delta lifts 2023 forecast as travel demand stays lofty

Delta reported record results in the second quarter on Thursday, raising its full-year forecast on continually robust travel demand as more international markets reopen.

Climate summit needs private sector to succeed: COP28 president

Sultan Al Jaber, Emirates oil executive and president of the most important climate summit since the Paris Agreement in 2015, has a quick answer when asked when the world will stop burning fossil fuels: when there's enough clean energy to replace them.

Stocks climb, dollar sinks as Fed seen ending rate hikes

World stock markets rallied Thursday and the euro hit a 16-month dollar peak, after easing US inflation stoked hopes the Federal Reserve's long-running campaign of interest rate hikes could be near an end.

Sawt Falasteen - Economy (English)