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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Unsettled US debt talks weigh on global stocks

Wall Street stocks tumbled Tuesday on increased fears over a potential US debt default after the latest round of negotiations failed to produce a breakthrough.

IMF forecasts UK economic growth in major U-turn

The IMF on Tuesday delivered a major U-turn on its forecast for the UK economy, saying it expected growth this year just one month after predicting a contraction.

Women outnumber men for the first time at Chelsea Flower Show

More women than men are competing for medals at the Chelsea Flower Show this year -- a first after more than a century of competition at the flagship London event.

Climate protesters disrupt Shell shareholder meet

British oil and gas giant Shell faced a stormy shareholders' gathering Tuesday, as environmental protesters hit out over its pledge to tackle carbon emissions.

Vinicius developing into Madrid and Brazil superstar amid tide of racist abuse

Real Madrid winger Vinicius Junior has developed into La Liga's most devastating player on the pitch while his battle with racism is making a worldwide impact off it.

US new homes sales surged to high in April

New home sales in the United States defied expectations in April to reach a one-year high, the Commerce Department said Tuesday, fueled by increases in the south and the Midwest.

Stocks fall despite 'productive' US debt talks

Stock markets slid on Tuesday after fresh talks between President Joe Biden and House Speaker Kevin McCarty on raising the US debt ceiling ended without an agreement as a crucial deadline approaches.

Watch owned by China's last emperor sells for $5 million

A Patek Philippe wristwatch once owned by China's last emperor sold for more than $5 million on the auction block in Hong Kong on Tuesday.

Climate protestors disrupt Shell shareholder meet

British oil and gas giant Shell faced a stormy shareholders' gathering Tuesday, as environmental protesters hit out over its pledge to tackle carbon emissions.

Police search Portugal reservoir in Madeleine McCann case

Police were carrying out new searches near a reservoir in Portugal Tuesday connected to the disappearance of British toddler Madeleine McCann, who vanished from a resort in the Algarve region 16 years ago.

Russia energy exports to China to grow by 40 percent: deputy PM

Russian energy deliveries to China were set to grow by 40 percent this year, Deputy Prime Minister Alexander Novak said Tuesday, as Moscow seeks to deepen ties with Beijing in the face of Western sanctions.

Australia fetes India's Modi as 'the boss'

Australia offered Narendra Modi a rock-star welcome Tuesday, lavishing praise on the Indian leader during a visit heavy on trade and light on criticism.

IMF says UK economy to grow this year in big U-turn

The IMF on Tuesday delivered a major U-turn on its forecast for the UK economy, saying it expected growth this year, just one month after predicting a contraction.

Eurozone economic growth slows in May

Economic growth in the eurozone edged down in May to a three-month low because of a drop in industrial production, according to a closely watched survey published on Tuesday.

'Worst yet to come' for Europe energy shortages: Qatar minister

Qatar's energy minister warned on Tuesday the "worst is yet to come" for Europe's oil and gas shortages, saying a warm winter had prevented greater difficulties in recent months.

Australia fetes India's Modi with focus on trade, not rights

Australia vowed to take ties with India to the "next level" Tuesday as it hosted Narendra Modi for a lavish visit heavy on trade and light on criticism.

Markets mostly rise after 'productive' Biden-McCarthy debt talks

Optimism that the United States will avert a calamitous default supported equities Tuesday, with President Joe Biden and House Speaker Kevin McCarthy saying they held productive talks on the debt ceiling.

Beauty brand Lush unveils new Green Hub but business comes first

Known for its colourful shampoo bars and fruity bath bombs, UK-based cosmetics brand Lush has opened the doors of its new Green Hub as part of efforts to expand its in-house circular recycling.

Biden and McCarthy call debt talks 'productive,' but no deal

A top US Republican and President Joe Biden on Monday both said their first one-on-one talks in months to avert a calamitous debt default were "productive," but that disagreements were still blocking any potential deal.

McCarthy, Biden meet on US debt crisis as time runs short

US President Joe Biden said he was 'optimistic' as he met Monday with top Republican Kevin McCarthy for their first one-on-one talks in months, with just 10 days left to stop a calamitous debt default.

McCarthy, Biden to meet on US debt crisis as time runs short

US President Joe Biden and top Republican Kevin McCarthy prepared Monday for their first one-on-one talks in months, with just 10 days left to stop the government tumbling into a calamitous default on its $31.8 trillion debt.

Prayers and pamphlets: Hunt goes on for kids lost in Colombia jungle

Colombia's presidency said Monday it is leaving no leaf unturned in its quest to find four lost Indigenous children believed to have survived a plane crash three weeks ago at the edge of the Amazon rainforest.

French bulldozers begin slum-razing on Indian Ocean island Mayotte

Police and bulldozers moved in to clear a slum on the French Indian Ocean island of Mayotte on Monday, marking the start of a long-promised operation against substandard housing and illegal migration.

'So expensive' - Paris Olympics ticket prices mar image of Games for all

Athletes have joined the clamour of criticism at the high cost of tickets for the 2024 Paris Olympics, decried as undermining organisers' promises of a Games accessible to all.

Nigeria's outgoing president opens major oil plant

Nigeria's President Muhammadu Buhari on Monday commissioned an oil plant billed as Africa's largest oil refinery, after years of delays and a week before stepping down from office.

Eight EU countries oppose bloc's car emissions limits

Eight EU member states including France, Italy and Poland urged Brussels to scrap its planned vehicle emissions limits, warning they risked hurting investment in a document seen by AFP Monday.

France unveils new, more ambitious emissions-cutting plan

The French government unveiled a plan on Monday to accelerate cuts to its greenhouse gas emissions, targeting a reduction of 50 percent by 2030 compared with 1990 levels.

Climate: 'dangerous heat' could afflict billions by 2100

Current policies to limit global warming will expose more than a fifth of humanity to extreme and potentially life-threatening heat by century's end, researchers warned Monday.

Stocks diverge ahead of key US debt talks

Stock markets diverged Monday ahead of key US debt talks between President Joe Biden and congressional leaders, with both sides still apart but confident a deal could be reached to avert a catastrophic default.

Markets rise ahead of US debt talks

Most markets rose Monday ahead of US debt talks between President Joe Biden and congressional leaders, with both sides still apart but also confident a deal can be reached to avert a catastrophic default.

Ryanair flies back to profit as sector recovers from Covid

Irish no-frills airline Ryanair rebounded back into bumper annual net profits, boosted by a "strong" post-Covid recovery despite spiking costs, it said Monday.

New Zealand sheep outnumber people less than 5 to 1, a record low

New Zealand's sheep outnumber people by fewer than five to one, official figures showed Monday, clipping their lead over humans to the lowest level since the 1850s.

Sawt Falasteen - Economy (English)