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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French town pays tribute to those who chased off knife attacker

Hundreds of residents of the French town of Annecy gathered Sunday to honour the people who rushed to stop a man accused of stabbing six people, including four toddlers, at a playground last week.

High inflation rattles UK home loan market

Britain's retail lenders are withdrawing fixed home-loan products, as elevated inflation sparks fears of more Bank of England interest rate hikes and worsens the cost-of-living crisis.

Israel reinvents kibbutz by embracing of new industries

Entrepreneurs are repurposing the Israeli kibbutz into hubs for creative and hi-tech industries, after decades of decline in the rural communities once considered models of socialism.

US capital sputters as federal workers stay home

Washington's role as the US capital makes it reliant on government workers for its economic success -- and many are choosing to stay home, perhaps for good, leaving vast federal offices empty and the city struggling.

Commute no more: US employees embrace telework

Commuting to and from the office five times a week?

'Children of the bush' lost for 40 days in Colombian Amazon found alive

Exhausted but happy, four Indigenous children who had been missing for more than a month in the Colombian Amazon rainforest were reunited with their relatives Saturday, in a happy ending to a nerve-racking saga that gripped the nation.

Mexican and Russian oil shipments ease Cuban fuel crisis

With oil tankers docking from Mexico and Russia in recent days, Cuba could see its severe fuel shortage ease for the near future.

Ukraine coal propped up by miners who fled Russian occupation

Ukraine's energy sector is under attack.

Somalia security forces end hotel siege claimed by Al-Shabaab

Somali security forces brought to an end the siege of a hotel in the capital Mogadishu, state media said Saturday, after the Islamist Al-Shabaab group claimed responsibility for the attack.

Women rule on the Greek island of Karpathos

"Here it is women who command!" declared Rigopoula Pavlidis, as she sang the virtues of her remote village on the island of Karpathos, one of Greece's rare matriarchal societies.

Children lost for 40 days in Colombian Amazon found alive

The four Indigenous children who had been missing for more than a month in the Colombian Amazon rainforest after a small plane crash have been found alive, President Gustavo Petro announced Friday.

Pakistan unveils $51 billion budget, with half to service debt

Pakistan's cash-strapped government unveiled a 14.5 trillion rupee (around $50.5 billion) budget Friday, with over half set aside to service 7.3 trillion rupees of debt.

Turkey's 'genius' central banker faces high expectations

"Brilliant Turk" or "the genius": Turkish media are gushing over new central bank governor Hafize Gaye Erkan, who soared through the ranks of US financial firms but now faces the monumental task of curbing inflation and stabilising the falling lira.

Macron says 'positive' news on children hurt in France knife attack

French President Emmanuel Macron on Friday said the health of the preschool children badly wounded in a mass knife attack by a Syrian refugee was "heading in the right direction", as police questioned the attacker.

Indonesia Indigenous group requests internet blackout

An Indigenous community in Indonesia has requested an internet blackout in their area to minimise the "negative impact" of the online world, officials said Friday.

Stock markets mixed awaiting key US rate decision

European stock markets dropped after gains in Asia Friday as investors awaited next week's crucial interest-rate decision from the US Federal Reserve.

Former Wall Street exec named head of Turkey central bank

Turkish President Recep Tayyip Erdogan appointed former Wall Street executive Hafize Gaye Erkan as central bank governor on Friday, signalling a possible shift from his unconventional policies to fight soaring inflation.

Most markets rise on revived hopes for a Fed rate pause

Stocks rallied again on Friday, fired by renewed optimism that the Federal Reserve will hold off lifting interest rates next week as fresh data indicated further tightening in the US labour market.

Queens of the desert: drag show is oasis of glamour in rural S. Africa

Deep in South Africa's semi-desert Karoo region, a glittery drag show in an old hilltop hotel brings a burst of weekly excitement to a sleepy conservative town.

Asian markets rise on revived hopes for a Fed rate pause

Stocks rallied again in Asia on Friday, fired by renewed optimism that the Federal Reserve will hold off lifting interest rates next week as fresh data indicated further tightening in the US labour market.

US stocks push higher as eurozone slips into recession

Wall Street stocks shook off recent hesitancy and rallied Thursday, reflecting better sentiment on the US economy and a consensus view that the Federal Reserve will not hike interest rates next week.

GM reaches deal for access to Tesla's North American chargers

Tesla will open its North American electric vehicle charging network to cars from rival General Motors beginning in 2024, Tesla CEO Elon Musk and GM Chief Mary Barra announced Thursday.

Instagram 'most important platform' for child sex abuse networks: report

Instagram is the main platform used by pedophile networks to promote and sell content showing child sexual abuse, according to a report by Stanford University and the Wall Street Journal.

Ruby gemstone sells for record $34.8 million

A ruby sold at Sotheby's in New York on Thursday for $34.8 million, setting a new record price at auction for the precious stone.

Stocks mostly higher despite renewed rate hike worries

European and US equity markets mostly rose Thursday as investors bet on whether the Federal Reserve would keep raising US interest rates to combat stubbornly-high inflation.

Pakistan failing in every economic index: key survey

Pakistan failed to meet any economic growth targets for the fiscal year 2022-23, according to a key government report released Thursday -- a day before the new budget is to be presented to the national assembly.

Shares of renationalised French power firm EDF delisted

Shares in French power firm EDF were delisted on Thursday, nearly a year after the government decided to nationalise the firm to revitalise the country's nuclear power sector and help decarbonise the economy.

Family firm of UK's Princess Kate owes £2.6 mn

The family firm that turned the parents of Princess Catherine -- the wife of the heir to the British throne -- into millionaires left debts of nearly £2.6 million ($3.2 million) when it collapsed last month, a report by insolvency specialists has revealed.

UK clamps down on cryptocurrency sector

Britain's financial regulator on Thursday tightened rules over the promotion and selling of cryptocurrency as it seeks to protect consumers.

Turkmenistan vows to end smoking within two years

Turkmenistan's authoritarian leader launched an "unprecedented" anti-smoking crusade Thursday, ordering the Central Asia country to rid itself completely of tobacco within two years.

Stocks mixed as rate hike worries return

Major stock markets diverged Thursday as investors bet on whether the Federal Reserve would keep raising US interest rates to combat stubbornly-high inflation.

'Savings running out': high inflation hits Hungarians

Antal Palya looks for the cheapest cuts of chicken at a Budapest market. Others in Hungary, home to the European Union's highest inflation rate, now need food aid. For some in the middle-class, even poverty looms.

Sawt Falasteen - Economy (English)