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

US top court back Big Tech in terror cases

The US Supreme Court handed a victory to Twitter, Facebook and Google on Thursday, saying the social media giants could not be held liable by victims of terrorist attacks for postings that endorsed the Islamic State group.

US Supreme Court rules Warhol image violated photo copyright

An Andy Warhol print of the late pop star Prince violated the copyright of the photographer who took the original image, the US Supreme Court said Thursday, in a ruling with important implications for the art market.

US home sales fell again in April

Sales of existing homes in the United States slowed again in April, the National Association of Realtors (NAR) said Thursday, marking the second straight month of declines amid higher interest rates.

Debt deal optimism fuels stocks gains

Optimism over talks to avert a catastrophic US debt default reaching a successful conclusion fuelled equities gains across much of the globe on Thursday.

Brazil clean electricity hits decade high

Brazil burned fossil fuels for electricity at the lowest level in more than a decade in February, thanks to booming use of wind and solar power, said a study published Thursday.

Stocks rally loses steam

A stocks rally on optimism over talks to avert a catastrophic US debt default ran out of steam Thursday.

Energy firm warns S.Africa to brace for 'difficult winter'

South Africa's struggling state-owned power firm Eskom on Thursday forecast a difficult winter with demand set to rise in the continent's most industrialised but energy-starved country.

UK airline easyJet cuts losses on strong demand

British airline easyJet said Thursday it had slashed first-half net losses on strengthening demand from holidaymakers as the aviation sector recovers from Covid.

Walmart lifts forecast as it wins US grocery consumers due to inflation

Walmart raised its full-year profit forecast on Thursday following strong sales growth in the United States fueled by gains in grocery and other household staples.

S.Africa's blackouts force solar-powered town to life in the dark

A South African town has been left fuming after a legal battle with a state-owned power utility forced its solar plant to dump desperately needed electricity in a country suffering a record energy crisis.

UK telecoms firm BT to axe up to 55,000 jobs by 2030

British telecoms group BT said Thursday it will axe up to 55,000 jobs by the end of the decade in the latest tech jobs cull in response to rampant inflation.

LGBTQ activists condemn Japan's 'meaningless' equality bill

A new bill submitted to Japan's parliament on Thursday aimed at "promoting understanding" of equality issues has been criticised as a "meaningless gesture" by LGBTQ campaigners because lawmakers watered down its language.

UK touts $22 bn in Japanese investment as Sunak visits Tokyo

Prime Minister Rishi Sunak Thursday announced Japanese investment of more than $22 billion into the UK, but accepted carmakers' concern about Brexit trade rules as he confirmed talks with the European Union.

Sierra Leone leader urges end of Ukraine war for 'sake of humanity'

Sierra Leone's president expressed hope in an AFP interview that a new African mediation mission would help end Russia's war in Ukraine which has hit the "poorest of the poor" around the world.

UK's richest family patriarch Srichand Hinduja dead at 87

Srichand Hinduja, the tycoon who headed Britain's richest family, has died at the age of 87, a spokesman said.

Markets rally on US debt deal optimism

Asian and European investors on Thursday tracked a strong Wall Street rally, fanned by optimism over talks to avert a catastrophic US debt default.

China ends import ban on Australian timber

China has lifted an import ban on Australian timber, Beijing's ambassador said Thursday, hailing warming ties between the two countries.

Deutsche Bank to pay $75 mn in Epstein victim settlement: report

Deutsche Bank will pay $75 million to settle litigation alleging the German lender financially benefited from supporting Jeffrey Epstein's sex trafficking scheme, according to a report Wednesday.

Migrant girl, 8, dies in US custody at Texas border

An eight-year-old migrant girl died in US custody in Texas on Wednesday, a tragedy that tempered news of a sharp drop in attempted illegal crossings of the southern US border.

Micron reveals $3.6 bn Japan chip plan after PM meets execs

Micron said Thursday it will invest $3.6 billion to produce next-generation semiconductors in Japan, after Prime Minister Fumio Kishida held talks with some of the world's biggest chipmakers.

Asian markets rally with Wall St on US debt optimism

Asian investors on Thursday tracked a strong Wall Street rally, fanned by optimism over talks to avert a catastrophic US debt default.

'Could be your city': a Hiroshima atomic bomb survivor's warning

On August 6, 1945, four-year-old Masao Ito was riding a tricycle near his home in Hiroshima when a bomb fell from the sky and changed his life forever.

Private satellites give boost to public sector in climate fight

From satellites that can pinpoint the sources of industrial pollution, to others that track hurricane movements by the hour, space has emerged as a key front in the fight against climate change.

Netflix says ad-supported plan has nearly 5 mn users

Netflix on Wednesday wooed marketers with word that its nascent ad-supported plan has grown to nearly five million users globally.

Montana becomes first US state to ban TikTok

Montana on Wednesday became the first US state to ban TikTok, with the law set to take effect next year as debate escalates over the impact and security of the popular video app.

US stocks rally as Biden, McCarthy offer reassurances on talks

Wall Street stocks finished solidly higher Wednesday, shrugging off a mixed session in overseas markets on hopes for an agreement to avert a US debt default.

Syria's Assad to emerge from the cold at Arab League summit

Syrian President Bashar al-Assad will attend this week his first Arab League summit in 13 years, his foreign minister said Wednesday, signalling regional reintegration after more than a decade of war.

Dollar jumps, stocks advance as US debt talks plod on

Most stock markets and the dollar rose on Wednesday as investors track talks aimed at breaking an impasse over raising the US debt ceiling.

Fashion groups face new Uyghur forced labour complaint in France

Rights groups announced on Wednesday they had filed a new complaint in France against clothing giants including Uniqlo and Zara owner Inditex for allegedly profiting from forced labour of the Uyghur minority in China.

Dollar jumps, stocks waver on fears over US debt talks

The haven dollar climbed and global stock markets wavered Wednesday as investors fretted over the slow progress of talks seeking to raise the US debt ceiling.

Markets mixed as sluggish debt talks worry investors

Unease over the slow progress of US debt talks further dampened sentiment in equity markets on Wednesday, though Japanese stocks got a boost from forecast-beating economic growth data.

Water woes shake up Spain's election campaign

Concern over the future of Spain's Donana natural park, which is threatened by overfarming, has made water management a key issue ahead of local elections at the end of May.

Sawt Falasteen - Economy (English)