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.

Last news

Freddie Mercury's draft lyrics for Queen hits unveiled

A trove of Freddie Mercury's previously unseen handwritten draft lyrics for some of Queen's biggest hits goes on show Thursday in New York, ahead of their sale in London later this year.

Pakistan inflation rockets to record 37.97 percent

Pakistan's year-on-year inflation hit a record 37.97 percent in May, official data revealed Thursday, with the nation on the brink of economic collapse and crucial bailout talks stalled.

Japan PM unveils $25 bn plan to tackle birthrate crisis

Japan's prime minister unveiled a $25 billion plan on Thursday to expand support for young people and families in a bid to help raise the country's plummeting birthrate.

Pressure mounts on Pristina as Serbs rally again in north Kosovo

Ethnic Serbs gathered again in a flashpoint town in Kosovo on Thursday at the site of clashes earlier this week with NATO-led soldiers in Kosovo, as international pressure mounts on Pristina to diffuse tensions.

Boeing's 1st priority is current certifications before new jet

Boeing will focus on successfully completing plane certifications, shoring up its supply chain and improving technologies in development before launching a new plane model, said Chief Executive Dave Calhoun.

Musk leaves China after Tesla factory visit, govt meetings

Tesla CEO Elon Musk's private jet departed Shanghai on Thursday, Chinese flight-tracking data showed, as the tycoon wrapped up a visit to China, the world's largest market for electric vehicles.

Renewable energy capacity additions to hit record: IEA

Renewable power capacity will grow by a record number this year as high fossil fuel prices and energy security concerns fuelled the deployment of solar and wind systems, the International Energy Agency said Thursday.

Stocks mixed as US debt bill news offset by Fed, China worries

Markets were mixed Thursday after the US House passed a bill to avoid a painful default, but as traders turn their attention to the Federal Reserve's next policy meeting and China's struggling economy.

Passage of US debt bill boosts equity markets, Fed now in view

Markets mostly rose Thursday after the US House passed a bill to avoid a painful default, as traders turn their attention to the Federal Reserve's next policy meeting and China's economy.

Hong Kong launches retail-friendly rules for crypto exchanges

Hong Kong opened its arms to the virtual asset world on Thursday, launching new retail-friendly rules for the city's crypto exchanges.

It is written: why France holds to analysing handwriting

Caroline de la Tournelle says her ability to decipher handwriting has influenced whether hundreds of people got jobs, helped police track death threats and even saved a child that was being abused.

Elon Musk's jet leaves Shanghai as tycoon wraps up China visit: flight tracker

A jet belonging to Tesla CEO Elon Musk departed Shanghai on Thursday, Chinese flight-tracking data showed, as the tycoon wraps up a visit to China that has seen him express hopes to expand business in the world's largest market for electric vehicles.

Global stocks fall after weak China data ahead of key US debt vote

Global stocks fell Wednesday as Chinese and European economic data raised worries about slowing growth, while markets awaited a key congressional vote to lift the US debt limit.

Countries tussle at 'rocky' global plastic talks

Negotiators charged with hammering out a global treaty to end plastic pollution were warned there was "no time to lose" on Wednesday, after progress was slowed by two days of procedural debates that campaigners blamed on large producer countries.

EU, US ready common code of conduct on artificial intelligence

The European Union and the United States said Wednesday that they would soon release a voluntary code of conduct on artificial intelligence, hoping to develop common standards among democracies as China makes rapid gains.

EU, US to ready voluntary AI code of conduct

The European Union and United States said Wednesday they expect to draft a voluntary code of conduct on artificial intelligence "within weeks" with the hope that fellow democracies will sign on.

Tesla's Musk hails China's 'vitality' on Beijing visit

Elon Musk praised China's "vitality and promise" on Wednesday, Beijing said, during a trip to China in which he has met multiple government officials and reportedly declared he will expand his business there.

'No victory yet', ECB says as inflation slows in key countries

Falling inflation in top eurozone economies is "positive" news, a senior European Central Bank official said Wednesday, while warning that the battle against high prices was not over yet.

India records strong 7.2% annual growth

India's GDP grew by 7.2 percent in the year to March, official figures showed Wednesday, boosted by services and consumption, putting it among the world's fastest-expanding major economies.

Equities sink as hardline Republicans threaten US debt deal

Asian and European stocks slid Wednesday on fears that hardline Republicans could vote down a crucial bill to hike the US borrowing limit, risking a catastrophic default that could hammer an already fragile global economy.

Tesla's Musk hails China's 'vitality' during Beijing visit

Elon Musk praised China's "vitality and promise" on Wednesday, Beijing said, during a trip to the Chinese capital in which he has met multiple government officials and reportedly declared he will expand his business there.

Anti-LGBTQ disinformation surges online in East Africa

Anti-LGBTQ bills in Kenya and Uganda have unleashed an unprecedented wave of online disinformation targeting the community, with experts accusing political leaders of spreading falsehoods that put lives at risk.

Musk talks 'new energy vehicles' with industry minister during China visit

Elon Musk and China's industry minister discussed ways to develop new energy vehicles Wednesday, a day after the Tesla CEO flew into Beijing and declared he wanted to expand his business in the world's second largest economy.

Musk, China industry minister hold talks on 'new energy vehicles': ministry

Tesla CEO Elon Musk and Chinese industry minister Jin Zhuanglong held talks on "new energy vehicles" Wednesday, Beijing said.

Deal averting US default clears first hurdle

A deal to raise the US debt ceiling passed its first major test in Congress Tuesday, surviving a crucial procedural vote amid a conservative backlash that resurrected the threat of the country's first-ever default.

Coventry condemn racist abuse of Dabo after play-off final penalty miss

Coventry have hit out at the online racist abuse directed towards Fankaty Dabo after his decisive penalty miss in the Championship play-off final against Luton at Wembley on Saturday.

Stock markets mixed as traders await US debt ceiling vote

Stock markets were mixed on Tuesday, with heavy falls in Europe and stable trading in the US following a deal to hike the US debt ceiling and avoid a painful default.

Crypto here to stay, must be regulated: Hong Kong treasury chief

Hong Kong has decided to let retail investors trade cryptocurrency under its new regulatory regime because "virtual assets are going to stay", the city's minister overseeing financial services said Tuesday.

France opens its first electric car battery factory

France launched its first factory for electric vehicle batteries on Tuesday, taking a big step in its race to build up a sector dominated by China.

Paris Olympics torch relay will involve 10,000 runners

There will be 10,000 torchbearers to carry the Olympic flame as it passes through some 60 French departments ahead of the 2024 Games, Paris Olympic organisers announced on Tuesday.

Norway fund to reject all-male boards in Japanese firms

Norway's sovereign wealth fund, the world's biggest, will from now on vote against the nomination of all-male boards in Japanese companies, a senior fund official said Tuesday.

Field of dreams: Ugandan baseballer pitching for the big league

The baseball pitch is shared with grazing cows, but the rustic conditions are no distraction for Ugandan major league hopeful Dennis Kasumba.

Sawt Falasteen - Economy (English)