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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US consumer inflation eases for 11th straight month

Consumer inflation in the United States cooled for an 11th straight month on an annual basis in May, the Labor Department said Tuesday, in an encouraging sign for policymakers.

Spain, Brazil to play anti-racism friendly in Madrid after Vinicius abuse

The Spanish and Brazilian football federations presented their plan on Tuesday for a friendly match at the Santiago Bernabeu in March 2024 to combat racism, after global outrage at the abuse of Real Madrid's Vinicius Junior.

European stocks rise before key US inflation data

European stock markets steadied and the dollar largely fell against main rivals Tuesday as investors awaited monthly US inflation data that could determine the Federal Reserve's next move on interest rates.

Markets track Wall St higher as inflation data looms

Markets rose on Tuesday, with investors awaiting the release of key US inflation data later in the day that could play a big role in the Federal Reserve's keenly anticipated interest rate decision.

Positive results for potential first chikungunya vaccine

French-Austrian drugmaker Valneva's vaccine candidate against chikungunya, a mosquito-borne virus that causes occasional outbreaks across the world, showed promising results in a large new trial, a study said on Tuesday.

Hit by Russian war, UNESCO-listed Czech spas seek restart

UNESCO-listed Czech spa towns are hunting for new clients following a dramatic decrease in their foreign clientele due to the Covid outbreak and Russia's war on Ukraine.

Ukraine children with disabilities struggle for therapy abroad

More than a year after fleeing from Ukraine to Hungary with her autistic son Roman, Iryna Bryk has still not found suitable therapy for her nine-year-old.

Ubisoft teases VR version of hit game 'Assassin's Creed'

French videogame powerhouse Ubisoft on Monday announced that a virtual reality version of its blockbuster "Assassin's Creed" franchise will be available by year's end.

Asian markets struggle to match Wall St as inflation data looms

Markets were mixed in Asia on Tuesday, with investors awaiting the release of key US inflation data later in the day that could play a big role in the Federal Reserve's keenly anticipated interest rate decision.

Courage, 'intelligence' got children through 40-day jungle odyssey

Ample courage and honed jungle smarts have been hailed as the main reasons four Indigenous children managed to stay alive in Colombia's Amazon jungle for 40 days after surviving a plane crash.

Target of the right, George Soros hands reins to son

As George Soros passes control of his philanthropic empire to his son, the legendary investor and democracy advocate remains subject to unrelenting and often anti-Semitic attacks from the right.

Suspect in France shooting of UK girl charged with murder: prosecutor

The suspect accused of shooting dead an 11-year-old British girl in France and gravely wounding her parents has been charged with murder and remanded in custody, a prosecutor said on Monday.

JPMorgan Chase to pay $290 mn to settle with Epstein's victims

JPMorgan Chase has agreed to pay $290 million to settle a class action lawsuit brought by victims of Jeffrey Epstein's sex trafficking scheme, the accusers' lawyer said Monday.

Initial Heathrow strikes suspended after new pay offer

Planned strike action by security staff at London's Heathrow airport later this month has been called off after unions recommended they accept a pay deal, both sides said on Monday.

Stocks advance as markets focus on rate calls

Major stock markets mostly advanced Monday, with all eyes on central banks this week and their latest decisions over interest rates as inflation remains high.

HSBC relaunches SVB UK as 'innovation' division

Asia-focused bank giant HSBC on Monday relaunched the recently-acquired UK arm of collapsed US lender Silicon Valley Bank as part of a major push into technology and life sciences.

UBS completes takeover of Credit Suisse

UBS announced Monday it had finalised the takeover of its former rival Credit Suisse, clearing the way for the Herculean task of integrating two of the world's most important banks.

Sergio Ermotti: George Clooney of Swiss banking tasked with mega-merger

Sergio Ermotti returned as chief executive of UBS to mastermind the merger with Credit Suisse -- an onerous task which begins in earnest on Monday after the takeover was finalised.

Stocks advance, dollar down as markets focus on rate calls

Major stock markets mostly advanced Monday, with all eyes on central banks this week and their latest decisions over interest rates as inflation remains high.

From property to TV, Berlusconi the entrepreneur

Silvio Berlusconi's career may have been dogged by scandal but he showed genuine innovation in building his real estate and media empires -- even if the late billionaire missed out on the digital revolution.

South Korea celebrates 10 years of K-pop megastars BTS

Fans of K-pop megastars BTS flocked to hotspots around Seoul on Monday to mark the supergroup's 10-year anniversary, with South Korea unveiling a special commemorative stamp series to celebrate.

Markets mostly up, traders move cautiously ahead of Fed decision

Most markets rose Monday but investors traded cautiously as they awaited key US inflation data and the Federal Reserve's interest rate decision later this week.

Drought hits Bishkek, where taps are running dry

For the past month, Bishkek resident Kanychai Bakirova has lived with her family of 11, including young children, in a home with only a trickle of water running from the tap.

Markets mixed as traders move cautiously ahead of Fed decision

Investors traded cautiously Monday as they awaited key US inflation data and the Federal Reserve's interest rate decision later this week.

UBS set for 'bumpy' integration of Credit Suisse

UBS is poised to complete on Monday its takeover of Credit Suisse, but integrating the former rival is a Herculean task that clients, employees and Swiss political leaders will closely watch.

Asian traders tread cautiously ahead of Fed rate decision

Asian investors traded cautiously Monday as they awaited key US inflation data and the Federal Reserve's interest rate decision later this week.

Rescuers recount children's first words after 40-day jungle nightmare

"I'm hungry" and "my mom is dead" were the first words uttered by the four children missing for 40 days in the Colombian jungle when they were found, members of the rescue group said in a televised interview Sunday.

More details emerge on Colombia children's 40-day jungle nightmare

Details continued to emerge Sunday of the 40-day ordeal that four siblings in Colombia experienced after a plane carrying them crashed in the dense Amazon jungle, as their father and rescuers spoke to media about what the children recounted.

Major US highway collapses after tanker truck fire

An overpass on one of America's busiest highways collapsed early Sunday, caused by a tanker truck bursting into flames underneath it, authorities said.

Mother of rescued Colombia children survived four days after jungle crash

The mother of the four Indigenous children rescued after 40 days lost in the Colombian jungle remained alive for four days before succumbing to her injuries suffered in the May 1 plane crash, her widower said Sunday.

Mother of rescued Colombia children survived 4 days after jungle crash

EU considers aid to Tunisia to boost economy, reduce migrant flows

The European Union on Sunday said it is considering more than one billion euros in aid to boost crisis-hit Tunisia's economy and reduce the flow of irregular migrants across the Mediterranean Sea.

Sawt Falasteen - Economy (English)