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

Stock markets rise on China support, pound rallies

Major stock markets mostly rose Tuesday as China moved to boost its flagging economy, while the pound hit a 15-month high against the dollar on expectations of more aggressive UK interest rate hikes.

UK unemployment climbs as inflation weighs on economy

UK unemployment rose back to four percent in the three months to the end of May, official data showed Tuesday, as the economy struggles with stubbornly-high inflation.

World job market on brink of 'AI revolution': OECD

The world's wealthiest nations must urgently prepare for the impact of an imminent "AI revolution" that will change jobs, create new ones and make others disappear, the OECD said Tuesday.

'Meta loses more': Zuckerberg takes Threads fight to EU

US tech titan Mark Zuckerberg has plunged into a high-stakes game of brinkmanship with the European Union by withholding his new Threads app from users in Europe, but analysts say he will struggle to win the fight.

Markets rise as China pledges fresh property support

Stock markets rose Tuesday, with Hong Kong and Shanghai lifted by China moves to support its struggling property sector and authorities' pledged further help for the economy.

UK water crisis pollutes privatisation legacy

Britain's biggest water supplier staving off renationalisation, trains derailed by strikes and consumers suffering huge energy bills -- the nation's vital sectors are mired in chaos decades after their controversial privatisation.

Asian markets rise as China pledges fresh property support

Asian markets rose Tuesday, with Hong Kong and Shanghai lifted by China moves to support its struggling property sector and authorities' pledged further help for the economy.

Global stocks mostly rise as market digests China inflation data

Global stocks mostly advanced Monday ahead of key US inflation data and after a drop in China's producer prices pointed to more weakness in the world's second biggest economy.

What carbon footprint? American man flies 23 million miles

Tom Stuker has flown some 23 million miles in three decades, the same as 48 round trips to the moon, but the American says he is not concerned by his carbon footprint.

Turkey unblocks Sweden NATO bid, setting stage for summit

Turkey agreed Monday to allow Sweden to join the NATO alliance, setting the stage for the allies to showcase their unity at a summit focused on securing support for Ukraine's battle against Russia's invasion.

Yellen sees 'desire on both sides' for productive US-China ties

Washington and Beijing both want to stabilize US-China ties and deal constructively with problems in their relationship, Treasury Secretary Janet Yellen said in an interview airing on Monday.

Turkey's Sweden demand rocks NATO unity ahead of summit

NATO's united front at a summit focused on helping Ukraine defeat Russia and Kyiv's push to join the alliance was undermined Monday by a shock Turkish ultimatum on Sweden's membership bid.

Rescuers save 86 migrants from boat near Canary Isles

Spain's coastguard said Monday it rescued 86 migrants from sub-Saharan Africa from a boat near the Canary Islands that had been spotted earlier in the day by a rescue plane.

Transfer of crude from tanker off Yemen to start next week: UN

The transfer of crude oil from a decaying tanker off Yemen will begin early next week, the United Nations said Monday of an operation aimed at preventing a damaging Red Sea spill.

Top US Marines job unfilled as senator stalls nominations

The head of the US Marine Corps stepped down Monday, leaving the famed service without a confirmed long-term leader as America's bitter political feud over abortion hampers the approval of scores of military nominees.

US Fed official calls for increase to bank capital requirements

A senior Federal Reserve official has proposed raising capital requirements for large US banks as part of a "comprehensive" series of measures to tighten banking regulation and supervision.

Stock markets advance as traders track China news, await US data

Major stock markets largely climbed Monday tracking more weak data from China and hopes that the country had ended a long-running crackdown on the tech sector.

HRW says TotalEnergies oil project 'a disaster' for Ugandans

Human Rights Watch (HRW) on Monday urged a halt to a major East African oil project led by French giant TotalEnergies, warning of dire consequences for the environment and local communities.

Stock markets climb as traders track China news

Major stock markets largely climbed Monday tracking more weak data from China and hopes that the country had ended a long-running crackdown on the tech sector.

UK telecoms firm BT announces exit of chief executive

British telecoms group BT on Monday announced the departure of chief executive Philip Jansen, two months after the group axed up to 55,000 jobs to slash costs.

Birds or rivers on euro notes? Europeans can weigh in

The European Central Bank launched a survey Monday asking citizens to weigh in on the redesign of euro banknotes, with rivers, birds and European culture among the shortlisted themes.

Auditors say French govt must rein in decried consultancies

France's government must further rein in sometimes "inappropriate" hiring of consultancies, the country's Court of Auditors said Monday, responding to public outcry over an issue that hobbled President Emmanuel Macron's reelection campaign last year.

Twitter rival Threads signs up 100 million users in five days

The Threads app launched by Instagram as a rival to Twitter has signed up more than 100 million users in less than five days, data tracking websites said on Monday, smashing the record of AI tool ChatGPT for fastest-growing consumer app.

Egypt annual inflation at record 36.8% in June

Annual inflation in Egypt hit 36.8 percent in June, official figures showed on Monday, an all-time high for the country grappling with a punishing economic crisis.

Tech rally lifts Hong Kong but Asia rally stutters on China data

Hong Kong rose Monday on hopes Beijing has ended its long-running crackdown on the tech sector but an early Asia-wide rally was staunched by inflation data showing further weakness in China's economy.

Japan's macho cheerleaders fight to save a tradition

They are drenched in sweat, their hands bloodied from clapping, and their voices hoarse from shouting -- meet Japan's predominantly male and unashamedly macho "leadership section" cheerleaders.

Tech rally helps Hong Kong lead most Asia markets higher

Hong Kong led gains in most Asian markets Monday on hopes China has ended its long-running crackdown on the tech sector after imposing huge fines on the fintech affiliates of Alibaba and Tencent.

Sweden tries to break Turkish resistance in NATO talks

Sweden's prime minister will meet Turkish President Recep Tayyip Erdogan on Monday in a last-gasp attempt to bridge a diplomatic impasse over his Nordic state's stalled NATO membership drive.

Japan sea sludge tells story of human impact on Earth

Beneath the seawater in Japan's Beppu Bay lie layers of seemingly unremarkable sediment and sludge that tell the story of how humans have fundamentally altered the world around them.

Welcome to the Anthropocene, Earth's new chapter

Since 2009, a cloistered band of hard-rock geologists and other scientists have toiled on a mission of great consequence.

'Insidious' whips past 'Indy 5' to top N.America box office

Sony's horror film "Insidious: The Red Door" scared its way to the top of the North American box office on a slow weekend, taking in an estimated $32.7 million, industry watcher Exhibitor Relations reported Sunday.

Elton John hails fans at emotional final farewell show

"You know how much I like to play live. It's been my lifeblood to play for you guys, and you've been absolutely magnificent," he told the delighted audience at the arena in the Swedish capital.

Sawt Falasteen - Economy (English)