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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'Godfather of AI' urges governments to stop machine takeover

Geoffrey Hinton, one of the so-called godfathers of artificial intelligence, urged governments on Wednesday to step in and make sure that machines do not take control of society.

Nigerians mark Eid festivities navigating economic woes

Nigerians marked the Muslim festival of Eid al-Adha on Wednesday with prayers, celebrations and family dinners as many navigated high inflation, a steep currency devaluation and growing transport costs.

Diageo ditches Diddy over brand neglect and racism claim

Drinks giant Diageo on Wednesday said it had ended its relationship with Sean "Diddy" Combs after the US rapper accused it of neglecting their business agreement and racism.

Govt mulls rescue of UK's biggest water supplier

The UK government on Wednesday expressed serious concern about the financial plight of the country's biggest privatised water company, but insisted the taps would keep flowing for millions of consumers.

Stocks diverge as US rally loses steam

Stock markets diverged Wednesday as a rally fuelled by upbeat US economic data ran out of steam.

EU moves closer to launching digital euro

The EU on Wednesday took its first significant step towards launching a digital version of the euro, a controversial project that has been questioned by politicians and banks.

Stocks rally on upbeat US data

Equity markets rallied and the dollar firmed Wednesday after data showed the US economy was resilient in the face of rising interest rates aimed at cooling elevated inflation.

Markets rise as upbeat US data plays against rates outlook

Equity markets rose Wednesday as investors weighed data showing the US economy remained resilient in the face of rising interest rates against the prospect of more tightening to bring inflation under control.

Markets mostly rise as upbeat US data plays against rates outlook

Equity markets mostly rose Wednesday as investors weighed data showing the US economy remained resilient in the face of rising interest rates against the prospect of more tightening to bring inflation under control.

Lucky to come home: Growing up trans in Brazil can be deadly

Wearing a pink dress that matches the bow in her hair, eight-year-old Agatha flashes a smile that belies all she has been through as a trans child growing up in Brazil.

Markets mixed as upbeat US data plays against rates outlook

Asian markets were mixed Wednesday as investors weighed data showing the US economy remained resilient in the face of rising interest rates against the prospect of more tightening to bring inflation under control.

At Toronto tech show, second thoughts emerge over AI

Months after the spectacular launch of ChatGPT, the AI revolution is well underway but hints of caution are emerging, especially over letting one or two companies reign supreme.

UBS to cut 35,000 jobs after Credit Suisse rescue: report

Swiss banking group UBS plans to cut 35,000 jobs at Credit Suisse -- more than half its workforce -- as part of the emergency rescue takeover of its rival in March, according to a report by Bloomberg News on Tuesday.

Biden unveils election battle plan: 'Bidenomics'

President Joe Biden is making a big bet on the US economy powering him to re-election next year with the unveiling of a "Bidenomics" pitch to voters this week.

ECB recommends £500,000 fine for Yorkshire after cricket racism scandal

England cricket chiefs have recommended that Yorkshire be fined £500,000 ($638,000) and given hefty points deductions over their handling of the Azeem Rafiq racism scandal.

Stocks push higher as investors track China, US data

Global stocks advanced on Tuesday as China's growth reassurances and solid economic data in the United States helped reduce recession worries.

US new home sales jump unexpectedly to highest rate in over a year

New home sales in the United States surged unexpectedly in May, the Commerce Department said Tuesday, reaching the highest rate in over a year despite efforts to cool the economy.

French newspaper 'stunned' as far-right editor named

One of France's biggest newspapers is in turmoil after the shock appointment of a far-right editor whose rise to prominence underlines the rightwards shift of the country's media and politics.

US new home sales post surprise jump in May

New home sales in the United States surged unexpectedly in May, the Commerce Department said Tuesday, reaching the highest rate in over a year despite efforts to cool the economy.

Ugandans sue TotalEnergies for reparations in France

Twenty-six Ugandans on Tuesday sued French oil giant TotalEnergies in Paris for reparations over alleged human rights violations at its massive megaprojects in the country, as climate protesters targeted its UK headquarters.

Stocks tread water as investors track China, Russia news

European and US stocks held relatively steady on Tuesday as China's growth reassurances helped to offset political turmoil in Russia.

England's Stokes 'sorry' after cricket report exposes racism and sexism

England captain Ben Stokes said Tuesday he is "deeply sorry" to learn of the scale of discrimination in the sport after a damning report revealed "widespread" racism, sexism and classism in the game.

Stocks mostly higher as investors track China, Russia news

Major stock markets mostly rose Tuesday after recent losses, as China's growth reassurances helped to offset political turmoil in Russia.

Most markets rise but wary eyes on Fed, Russia

Markets mostly rose Tuesday after more than a week of losses but traders remained anxious about central banks' plans to continue hiking interest rates to fight stubborn inflation.

Will AI really destroy humanity?

The warnings are coming from all angles: artificial intelligence poses an existential risk to humanity and must be shackled before it is too late.

China calls West's economic de-risking a 'false proposition'

Chinese Premier Li Qiang slammed efforts in the West to "de-risk" their economies as a "false proposition" on Tuesday, hitting back against US and EU policy aimed at reducing their reliance on China.

Most Asian markets rise but wary eyes on Fed, Russia

Asian markets mostly rose Tuesday after more than a week of losses but traders remained anxious about central banks' plans to continue hiking interest rates to fight stubborn inflation.

Ex-Audi boss faces verdict in German 'dieselgate' case

Ex-Audi CEO Rupert Stadler is Tuesday expected to be convicted and sentenced over the "dieselgate" scandal, the highest-ranking former executive to be punished over the emissions cheating controversy that rocked the car industry.

Hong Kong high-rise aims to become 'village' of the dead

With its white marble foyer and lavish chandeliers, the 12-storey tower could be mistaken for one of Hong Kong’s newest hotels, but it offers a longer stay: a final resting place for thousands in one of the world's most crowded cities.

Which is longer, Amazon or Nile? New quest aims to settle old debate

What's the longest river in the world, the Nile or the Amazon? The question has fueled a heated debate for years. Now, an expedition into the South American jungle aims to settle it for good.

Indigenous defenders of oil in the Amazon

A group of Indigenous Waorani women give a war cry warning that environmentalists are not welcome in their part of the Ecuadoran Amazon, where an oil field operates partly on a protected reserve.

Ruble drops, stocks mostly retreat after aborted uprising in Russia

The ruble reached a 14-month low against the dollar on Monday while US and European markets mostly retreated after a short-lived mutiny in Russia stoked concerns about the nuclear-armed country's stability.

Sawt Falasteen - Economy (English)