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

New clashes on Russian side of Ukraine border: Russian governor

The governor of Russia's Belgorod region on the border with Ukraine said on Sunday that fighting was ongoing on his side of the frontier and acknowledged pro-Ukrainian forces had taken Russians prisoner during cross-border clashes.

Brian Cox hasn't found time for 'Succession' finale

Veteran Scottish actor Brian Cox on Sunday praised striking Hollywood writers as entertainment's "prime forces" -- and revealed he has yet to watch the gripping finale of "Succession".

OPEC+ weighs fresh output cuts to boost oil price

Major oil producers led by Saudi Arabia and Russia met Sunday to discuss slashing output further in a bid to prop up prices, talks that are seen as tough amid tensions between Riyadh and Moscow.

OPEC+ weighs fresh production cuts to rein in weak prices

There are growing signs that major oil producers led by Saudi Arabia and Russia are considering slashing production further when they meet on Sunday in a bid to prop up prices.

Biden signs debt ceiling bill into law, averting default

US President Joe Biden on Saturday signed into law a debt ceiling bill passed by Congress after weeks of wrangling, moving to avert a catastrophic, self-induced default in the world's biggest economy.

Youth give voice to anger at Senegal 'injustice'

Twenty-year-old Omar Diop didn't take part in the violent demonstrations in Senegal over the jailing of a popular opposition leader, but says he fully understands the young protesters' anger.

Sweltering heat in Vietnam's north sparks power cuts

Hanoi residents flocked to the Vietnamese capital's air-conditioned shopping malls on Saturday to escape power cuts at home, as the grid struggled to cope with the high demand caused by soaring heat.

From slums to stardom: Uganda's Ghetto Kids

The sprawling slums of Kampala are a far cry from the glitzy stage of Britain's Got Talent, where a group of Ugandan street kids will be performing in Sunday's grand finale of the hit UK television show.

Smashed carriages and corpses: India's train disaster

Carriages perched on top of each other and lines of bodies collected by rescue workers: as dawn broke on Saturday, it revealed the horror of one of India's deadliest railway crashes.

Biden hails averting 'catastrophic' default in Oval Office speech

US President Joe Biden told Americans on Friday in a rare Oval Office address that the debt ceiling bill passed by Congress after weeks of wrangling saved the country from "economic collapse."

Stocks rise after bumper US jobs report, debt breakthrough

Stock markets rallied Friday, closing out the week on a high in the United States following a bumper jobs report and a deal in Congress to avert a potentially catastrophic debt default.

France avoid S&P credit downgrade but concerns persist

France managed to avoid a fresh credit downgrade from a leading rating agency on Friday, despite mounting concern over the country's surging national debt.

UN aims to deliver draft plastics treaty by year's end

The world should see the first draft of a highly anticipated and much needed international treaty to combat plastic pollution by the end of November, 175 nations gathered in Paris decided Monday after five days of gruelling talks.

Fitch holds US rating on negative watch despite debt deal

Ratings agency Fitch said Friday that it is keeping the United States' "AAA" credit rating on negative watch, despite a bipartisan agreement on the debt limit to avert a catastrophic default.

Kenya court orders suspension of mass layoff of Facebook moderators

A Kenyan court on Friday ordered the suspension of the mass sacking of scores of content moderators by a subcontractor for Facebook's parent company Meta and directed the social media giant to provide counselling to the employees.

Stocks rise on US debt breakthrough, jobs data

Stocks markets rallied on Friday after senators voted to lift the US debt ceiling and as strong jobs data eased fears for the world's top economy.

US hiring heats up unexpectedly in May but wage gains ease

Hiring in the United States heated up again in May, according to government data released Friday, with the strong labor market defying expectations of a slowdown amid efforts to cool the economy.

Mystery of the desert: The lost cities of the Nigerien Sahara

A long trek across the desert of northeastern Niger brings the visitor to one of the most astonishing and rewarding sights in the Sahel: fortified villages of salt and clay perched on rocks with the Saharan sands laying siege below.

Nigeria grapples with end of fuel subsidy

Nigerians are struggling with surging fuel prices after newly elected President Bola Tinubu declared an end to popular subsidies, a move analysts and experts said was long overdue.

Asian, European markets surge on Fed rate hopes

Asian markets rallied Friday on hopes the US Federal Reserve will decide against lifting interest rates this month as officials assess the impact of more than a year of tightening.

Asian markets surge on Fed rate hopes

Asian markets rallied Friday on hopes the US Federal Reserve will decide against lifting interest rates this month as officials assess the impact of more than a year of tightening.

Taiwan tribe despairs as drought shrinks bamboo crop

Hacking at a bamboo plant with a machete, Avayi Vayayana peels back the shoot's stiff bark as he scans southern Taiwan's mountains, anxious for more of the money-making crop his Indigenous tribe increasingly struggles to find.

For small-time investors, bankrolling a young athlete can pay off

In February 2021, Dominican baseball superstar Fernando Tatis Jr signed a monster deal with the San Diego Padres -- $340 million over 14 years.

In distorted Buenos Aires rental market, it's dollar vs. peso

Dollar-wielding foreigners living it up in Buenos Aires while locals scrape by; Argentina's sky-high inflation and weakening currency has yielded a schizophrenic rental market -- a bargain for some, a curse for others.

At its 787 Dreamliner factory, Boeing prepares for takeoff

As airlines seek to fulfill customers' growing post-pandemic appetites for long-haul travel, Boeing is aiming to speed up production of its 787 Dreamliners after a period plagued by repeated delivery interruptions due to manufacturing defects.

West intensifies diplomatic pressure as Serbs rally in north Kosovo

Ethnic Serbs gathered again in a flashpoint town in north Kosovo on Thursday at the site of clashes earlier this week with NATO-led forces, as Pristina and Belgrade came under mounting international pressure to defuse tensions.

Biden and top Republican McCarthy -- odd couple who saved US economy

Like bomb squad technicians who just snipped the last wire on a ticking device, Joe Biden and top Republican Kevin McCarthy are breathing a sigh of relief after reaching a deal on the US debt ceiling.

US and Taiwan ink trade deal as China issues warning

The United States and Taiwan signed a trade deal Thursday aimed at deepening economic relations between both sides -- in a move that has sparked a warning from Beijing.

Stocks gain on hopes of US interest rate pause

Stock markets gained ground on Wall Street and in Europe on Thursday as US labour market data gave investors more confidence the Federal Reserve would hold back on further interest rate hikes in its battle against inflation.

Thousands of Israelis join Jerusalem Pride parade

Thousands of Israelis joined Jerusalem's Pride parade Thursday, a high-security event in the conservative city where critics of LGBTQ rights held a counter-demonstration nearby.

Brazil economy posts better-than-expected growth in Q1

Brazil's economy grew a stronger-than-expected 1.9 percent in the first quarter, according to official figures released Thursday, welcome news for leftist President Luiz Inacio Lula da Silva as he looks to jump-start growth.

Entertainment industry struggles with 215 bn piracy site visits

Anti-piracy authorities say they have cracked down on illegal streaming of film and TV, but data suggests it is booming, reaching 215 billion illegal site visits last year.

Sawt Falasteen - Economy (English)