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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Serbs gather again in northern Kosovo after clashes

The situation in northern Kosovo remained tense Tuesday as ethnic Serbs continued to gather in front of a town hall in Zvecan after violent clashes with NATO-led peacekeepers left 30 soldiers injured.

Night-time shopping booms as Zimbabwe inflation soars

After the sun sets in Harare, the streets of Zimbabwe's capital suddenly burst to life.

In race against time for US debt crisis, ball is in lawmakers' court

The bill hammered out by US leaders to prevent the country from a catastrophic default on its debts will face one final and potentially perilous hurdle this week: Passing a divided Congress.

Asian markets mixed as traders await US debt ceiling vote

Asian investors traded nervously Tuesday as they kept an eye on Washington, where lawmakers are expected to vote this week on a deal to hike the US debt ceiling and avoid a painful default.

'Save your lives:' Free Thai boxing lessons for LGBTQ people in Chile

Shield, duck, punch: At a municipal sports hall in Chile's capital Santiago, dozens of members of the LGBTQ community gathered to learn Thai boxing self defense moves in a climate of rising homophobic violence.

Asian, European markets mixed after US debt deal

Asian and European stock markets wobbled Monday as a weekend deal to raise the US debt ceiling faces a crucial vote in Congress this week, with hardliners opposing it.

Race against time for US debt crisis bill in Congress

Republican and Democratic leaders scrambled Monday to secure congressional support for a bill aimed at avoiding a catastrophic US debt default -– with just one week left before the government starts running out of money.

Asian, European markets diverge after US debt deal

Asian and European stock markets wobbled Monday after President Joe Biden and House Speaker Kevin McCarthy reached a deal on lifting the US debt ceiling to avoid a disastrous default.

Nvidia chief says tech at 'tipping point' as unveils AI products

Nvidia chief Jensen Huang said the world was at "the tipping point of a new computer era" as he unveiled a raft of AI-related products Monday in his first public speech in four years at a Taiwan tech trade show.

North Korea informs Japan of upcoming 'satellite launch'

North Korea has informed Japan that is preparing to launch a satellite as early as this week, Tokyo announced Monday but warned it may actually be a sanctions-defying ballistic missile test.

Asian markets rally as traders welcome US debt deal

Asian markets rose Monday on news that President Joe Biden and House Speaker Kevin McCarthy have reached a deal to lift the US debt ceiling and avoid a calamitous default.

AI political fakery sparks fears for US 2024 race

A fake image of Donald Trump's arrest. A dystopian video of a dark future in the event of Joe Biden's reelection. An audio deepfake of both men slinging insults. Fast-evolving AI technology could turbocharge misinformation in US political campaigns, observers say.

Biden and McCarthy finalize US debt deal, say confident it will pass

President Joe Biden and Republican leader McCarthy said Sunday that a final bipartisan deal to raise the US debt ceiling -- and avoid a cataclysmic default -- now heads to Congress, which will need to pass the agreement before the government starts running out of money.

Undefeated Erdogan extends two-decade rule in Turkey runoff

Turkish President Recep Tayyip Erdogan on Sunday narrowly won a historic runoff election that extended two decades of his transformative but divisive rule until 2028.

Erdogan closes in on victory in historic Turkey runoff

Turkish President Recep Tayyip Erdogan closed in on victory Sunday in a historic runoff that posed the biggest challenge to his 20 years of transformative but divisive rule.

US debt ceiling deal: the key takeaways

President Joe Biden and House Republicans have reached a deal in principle to raise the government's debt ceiling and avert a devastating default.

US debt deal faces tough sell in Congress to avoid default

Marathon crisis talks that produced a tentative deal to prevent a cataclysmic US debt default may yet prove the easy part of a process that turned Sunday to the fraught challenge of securing congressional approval.

Indian police detain protesting wrestlers, clear site

Indian police dragged away and detained on Sunday two Olympic wrestlers and dozens of others as they tried to march to parliament demanding the arrest of the sport's federation chief over allegations of sexual harassment and intimidation.

Erdogan seeks to extend two decades of rule in Turkish runoff

Turks headed to the polls Sunday for a historic runoff vote that President Recep Tayyip Erdogan entered as the firm favourite to extend two decades of his Islamic-rooted rule to 2028.

China's first homegrown passenger jet makes maiden commercial flight

China's first domestically produced passenger jet made its maiden commercial flight on Sunday, a milestone event in the nation's decades-long effort to compete with Western rivals in the air.

Iraq warned to end oil addiction to avoid 'intensive care'

Oil-dependent Iraq has been warned its economy risks going into "intensive care" unless it diversifies in line with worldwide efforts to tackle the impact of fossil fuels on the climate.

Republicans, Biden reach debt ceiling deal, Congress to vote Wednesday

The top Republican leader said Saturday, after marathon talks, that he and the White House had agreed to a draft deal on raising the US debt ceiling and said Congress will vote on Wednesday -- just days before the country plunges into default.

Hong Kong treads fine line on regulating retail crypto trade

Retail investors in Hong Kong may soon be able to buy popular cryptocurrencies like bitcoin at government-licensed exchanges, thanks to new rules meant to bolster the city's standing as a digital asset hub.

Iraq unveils $17 bn transport project linking Europe and Mideast

Iraq on Saturday presented an ambitious plan to turn itself into a regional transportation hub by developing its road and rail infrastructure, linking Europe with the Middle East.

Mayor who battled to save city defends Ukraine's NATO and EU bids

Oleksandr Sienkevych, the smartly dressed former New Jersey tech entrepreneur turned mayor of the frontline city of Mykolaiv, has no time for Western doubts about Ukraine's EU and NATO ambitions.

Biden says 'hopeful' on US debt deal within hours

President Joe Biden said Friday he is "hopeful" for a resolution within hours to the US debt ceiling standoff between Democrats and Republicans, raising hopes of an imminent end to the threat of default by the world's biggest economy.

What happens if US fails to lift debt limit by June 5?

Treasury Secretary Janet Yellen on Friday updated the date for a possible US debt default to June 5 if Congress fails to raise the ceiling on borrowing, pushing back a previous estimate of June 1.

US debt default negotiators get extra breathing room

Democrats and Republicans inched towards a deal Friday to avoid a crippling US debt default -- and won a bit of extra breathing room as the Treasury Department pushed back the date the government's money will run out.

US, China wrangle on trade in rare talks

The United States and China sparred over trade issues Friday but promised to keep lines of communication open as Beijing's commerce minister paid a rare visit after a period of soaring tensions.

IMF slightly lifts US 2023 growth forecast

The International Monetary Fund slightly raised its forecast for 2023 US economic growth Friday while noting that a slowing economy will likely lead to a small increase in unemployment in 2024.

WHO backs farmers to grow food instead of tobacco

The World Health Organization said Friday it was helping a growing number of farmers turn away from tobacco to help strengthen food security, particularly in Africa.

Ken Loach at Cannes: 'working class is undefeated'

At 86, British director Ken Loach showed he still had fighting spirit at Cannes, presenting his latest moving homage to working class solidarity and saying: "we're still in the game".

Sawt Falasteen - Economy (English)