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

Washington inches closer to debt deal

Democrats and Republicans inched towards a deal Friday, ahead of a long weekend, to extend the US debt ceiling and avoid a crippling default that could hit the world's biggest economy within days.

BA cancels dozens of Heathrow flights before long weekend

London's Heathrow airport was hit by disruptions Friday as UK's flag carrier airline British Airways cancelled dozens of flights over the course of two days following a technical issue.

Stocks climb on debt deal hopes

Stock markets advanced Friday on talk of progress in negotiations to avert a calamitous US debt default although fresh data raised the likelihood of more interest rate hikes.

Turkey rides nationalist wave in historic election

Suffering a massive economic crisis and surrounded by countries at war, Turkey is witnessing a resurgence of nationalism that has impacted the fate of its biggest election of modern times.

Stocks advance on debt deal hopes

Stock markets mostly advanced Friday on talk of progress in talks to avert a calamitous US default draws closer and data showing.

Celine Dion cancels 2023-2024 shows over health

Pop icon Celine Dion on Friday cancelled all her remaining shows scheduled for 2023-2024, saying she was not strong enough to tour as she battles a rare neurological disorder.

Oil majors go slow on green transition despite pressure

Most oil majors are stepping up investments in green energy but they are facing a barrage of recriminations and protests from activists for their refusal to completely forsake fossil fuels.

Philip Morris boss campaigns to sell more heated tobacco

US tobacco giant Philip Morris International is fighting to get Britain, France and other countries to make it easier to promote alternatives to cigarettes such as heated tobacco and vaping.

European stock markets struggle on US debt nerves

Europe's stock markets struggled Friday with investors nervous as a deadline to avert a calamitous US default draws closer.

Beloved Hong Kong bun festival returns after three years

Clanging gongs, dragon dances and costumed children paraded on poles Friday heralded the return of the Bun Festival to Hong Kong's island of Cheung Chau after three years of a pandemic-induced hiatus.

Growing old on the Croisette: Loach leads Cannes silver foxes

While much talk at Cannes this year has been about the unprecedented seven women directors in competition, an impressive cavalcade of ageing maestros has charmed the French Riviera festival, with 86-year-old Ken Loach entering the race on Friday.

Berlin police probe Pink Floyd's Roger Waters over Nazi-style uniform

Berlin police said Friday they were investigating Pink Floyd co-founder Roger Waters for incitement to hatred after he donned a Nazi-style uniform at a concert in the German capital.

Travel industry looks to Chinese tourists to cap post-Covid rebound

The return of Chinese tourists to destinations worldwide will top off a spectacular post-coronavirus global tourism revival this year, according to industry leaders.

Equity markets mostly rise on US debt ceiling optimism

Hopes that lawmakers are edging closer to a deal to hike the US debt ceiling lifted spirits on trading floors Friday, though investors remain nervous as a deadline to avert a calamitous default draws closer.

In Sudan's capital, risking death in search of water

Fighting in Sudan has left hundreds of thousands of Khartoum residents without running water, with some forced to risk their lives and seek it out during brief lulls in violence.

Asian markets mostly rise on US debt ceiling optimism

Hopes that lawmakers are edging closer to a deal to hike the US debt ceiling lifted spirits in Asia on Friday, though traders remain nervous as a deadline to avert a calamitous default draws closer.

Difficult times bring Russia and Cuba closer together

For the first time since the breakup of the Soviet Union, Russia is taking an intense interest in Cuba as Moscow has become increasingly isolated over its invasion of Ukraine.

Global stocks struggle but tech shares lifted by AI

Global stock markets wobbled Thursday as the US debt standoff dragged on and Germany entered recession, but tech shares surged after US chip firm Nvidia reported bumper earnings thanks to the AI boom.

Lufthansa signs deal for stake in Italy's ITA Airways

Lufthansa agreed on Thursday to buy a stake in ITA Airways, created from the ashes of state-owned Alitalia, marking the German airline giant's expansion in a key European market.

France charges five military personnel over 2021 Channel migrant boat tragedy

French prosecutors Thursday charged five military personnel over failing to come to the resue of dozens of people aboard a stricken migrant boat crossing the Channel to Britain in 2021, a judicial source said.

Animal rights activists 'rescue' lambs from farm on royal estate

Animal rights campaigners said on Thursday they had "rescued" three lambs from slaughter on a farm on King Charles III's Sandringham estate in eastern England.

Dark, lustful and complex: It's a woman's world at Cannes

From a sex offender to far-from-perfect mothers and girls unabashedly exploring their sexuality, this year's Cannes Film Festival has thrown out the stereotype of the one-dimensional female character.

Markets struggle but tech shares soar over AI

Global stock markets struggled Thursday as the US debt standoff dragged on and Germany entered recession, but tech shares surged after US chip firm Nvidia reported bumper earnings thanks to the AI boom.

Japan central bank chief admits 'big gap' on women officials

A "big gap" exists between female representation at Japan's central bank and its overseas counterparts, the bank's new governor Kazuo Ueda acknowledged Thursday.

Police Scotland is 'institutionally racist': chief constable

Police Scotland is "institutionally racist" and "discriminatory", the force's chief constable said on Thursday, after a review into its culture.

Graft case MEP Kaili allowed to remove electronic tag

Greek MEP Eva Kaili, the face of the "Qatargate" corruption scandal, has been allowed to remove an electronic ankle tag and freed from house arrest pending trial, prosecutors said Thursday.

Turkey's pro-Kurdish party keeps faith in Erdogan rival

Turkey's pro-Kurdish party decided Thursday to continue backing the main opposition leader despite his overtures to far-right parties in the runup to this weekend's historic presidential runoff.

UK's Sunak vows to cut immigration as figures hit new high

Net migration in the UK hit a record 606,000 in 2022, official figures showed on Thursday, heaping pressure on the government, which has pledged to cut dependency on foreign labour.

Markets struggle on German recession, US debt woes

Global stock markets struggled Thursday following news that Europe's biggest economy Germany has entered recession, and after Fitch warned that the US debt standoff could threaten its gold-plated credit rating.

Armenians hacked with Pegasus spyware during war: NGO

At least a dozen Armenian journalists, NGO workers and officials had their phones hacked with the notorious Pegasus spyware while the country fought with Azerbaijan, a rights group said Thursday.

South Korea launches homegrown rocket after delay

South Korea launched its homegrown Nuri rocket on Thursday, officials said, a day after it was forced to postpone due to a technical glitch just hours before lift-off.

And now the weather: cloudy with scattered showers of plastic

Diplomats from 175 countries gathering in Paris for plastics treaty talks on Monday may want to pack an umbrella, but not just because there's a chance of rain.

Sawt Falasteen - Economy (English)