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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'What I promised': Greek PM touts economy in re-election bid

To build a successful company in Greece, the CEO of the popular ship tracking firm MarineTraffic says he does not ask much from the government.

The second life of Hiroshima's origami cranes

At a hillside temple, a monk in saffron robes blows a refrain on a conch and begins chanting prayers as thousands of origami cranes donated to Hiroshima burn.

French court to rule in Sarkozy wiretapping corruption case

A French court of appeals will on Wednesday give its verdict in one of several corruption and illegal campaign financing cases involving ex-president Nicolas Sarkozy.

Asian markets mixed as sluggish debt talks worry investors

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

Brazil 'finfluencers' bring finance to the favelas

With his tattooed arms, drop-fade haircut and baby-face looks, Murilo Duarte doesn't look like a typical financial adviser as he dishes out investment tips on social media from the Sao Paulo favela where he grew up.

Biden trims Asia-Pacific tour as hopes rise of debt deal

Joe Biden and opposition Republican leaders on Tuesday offered hope of a deal that could avoid a catastrophic US debt default, although the president was forced to shorten an upcoming Asia-Pacific tour for further crisis talks.

Japan economic growth beats expectations in first quarter

Japan's economy grew faster than expected in the first quarter, official data showed Wednesday, helped by a recovery in inbound tourism after pandemic border restrictions were lifted.

Musk says will tweet thoughts regardless of business blowback

Elon Musk on Tuesday said a new Twitter chief executive will let him devote more time to Tesla, but that he will continue to tweet his unfiltered thoughts even if it hurts his businesses.

Frigid US city becomes haven in climate change era

Standing on the frigid coast of Lake Superior, thawing ice glistening in the northern Minnesota sun, Christina Welch recalls what made her trade the temperate vineyards of northern California for the notoriously chilly city of Duluth.

Early blood test may unravel secrets of pregnancy loss

A blood test taken after a miscarriage suffered as early as week five of pregnancy can help explain why it occurred and in some cases lead to preventative treatments, Danish researchers say.

Japan GDP growth beats expectations in first quarter

Japan's economy grew faster than expected in the first quarter, official data showed Wednesday, helped by a recovery in inbound tourism after pandemic border restrictions were lifted.

Biden cuts back Asia tour as hopes rise of debt deal

ChatGPT's Altman pleads US Senate for AI rules

Sam Altman, the chief executive of ChatGPT's OpenAI, told US lawmakers on Tuesday that regulating artificial intelligence was essential, after his poem-writing chatbot stunned the world.

US sues to block $28 bn Amgen biopharma acquisition

US regulators filed a lawsuit Tuesday to block biopharmaceutical firm Amgen's proposed $28 billion takeover of drug maker Horizon Therapeutics, saying the transaction would harm consumers.

Johnny Depp receives warm welcome as comeback film opens Cannes

Johnny Depp was feted by fans on Tuesday as he arrived on the red carpet ahead of the screening of his comeback movie at the opening of the Cannes Film Festival, which has sparked anger over the choice to celebrate the divisive megastar.

Brazil's Petrobras scraps international price peg

Brazilian state-run oil company Petrobras said Tuesday it has ended its policy of pegging fuel prices to the international market, an overhaul promised by President Luiz Inacio Lula da Silva that had initially triggered investor jitters.

Republicans, Democrats trade blame before US debt talks

President Joe Biden and Republican leaders are set to reconvene Tuesday for crunch talks on raising US borrowing limits, with a possible debt default now just weeks away.

Martha Stewart, 81, is oldest Sports Illustrated swimsuit cover model

American lifestyle guru Martha Stewart has become the oldest cover model for Sports Illustrated's annual swimsuit edition, at the age of 81.

US retail sales, industrial production post April gains

Retail sales in the United States returned to growth in April fueled by a rebound in motor vehicle sales, data released Tuesday showed, but not by as much as many expected.

Stocks drift lower as US struggles to reach debt deal

European and US drifted lower Tuesday as traders awaited possible developments on a US debt deal necessary to avert a default.

Gazans amid the rubble of homes flattened by fighting

After her house was levelled by an Israeli strike, Najah Nabhan wonders what will become of her and dozens of relatives left homeless by the latest fighting to hit Gaza.

Mishandling of luggage soars as air travel rebounds: study

The rate of lost, damaged or delayed luggage nearly doubled last year as air travel rebounded and the sector faced staff shortages following the Covid pandemic, a study found on Tuesday.

WHO warns against using artificial sweeteners

Artificial sweeteners, used to replace sugar in a vast range of products, do not help in losing weight and can have serious health effects, according to the World Health Organization.

Stocks lack direction as US struggles to reach debt deal

European stock markets edged higher Tuesday after a mixed showing in Asia, as traders grew increasingly concerned by the lack of a US debt deal necessary to avert a default.

Namibia recognises same-sex marriages concluded abroad with foreign spouse

Namibia's Supreme Court on Tuesday recognised same-sex marriages contracted abroad between citizens and foreign spouses, a landmark ruling in a country where homosexuality is illegal.

Coming years 'critical' to slash plastic pollution: UN

The world must halve single-use plastics and slash throwaway consumption to stem the tide of environmental pollution, according to a UN report on Tuesday that warns the next few years are critical.

Ex-Audi boss pleads guilty in German 'dieselgate' trial

Ex-Audi CEO Rupert Stadler pleaded guilty at his "dieselgate" fraud trial in Germany on Tuesday, becoming the highest-ranking former executive to make a confession in the emissions cheating scandal that rocked the car industry.

Taiwan expands adoption rights for same-sex couples

Taiwan's parliament passed an amendment on Tuesday allowing gay couples to jointly adopt children, a move hailed by activists as "another big step forward" for marriage equality.

China economic data for April miss expectations as demand cools

China's economic data for April missed expectations last month, official figures showed Tuesday, as low demand and high youth unemployment led to a patchy recovery after lifting strict Covid rules.

China courts Central Asia as Russia's influence wanes

China is renewing its push for massive infrastructure projects in Central Asia as Beijing aims to fill the vacuum left in former Soviet states by Russia, which is ensnared in a widening net of Western sanctions over the Ukraine war.

Biden-McCarthy debt talks to resume after new default warning