Sawt Falasteen - Economy

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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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Asian markets rise after shrugging off US rate hike

Asian markets rose on Thursday, shrugging off the sour mood surrounding the Federal Reserve's announcement that it was raising interest rates yet again and likely keeping them high for the foreseeable future.

Microsoft expands AI access to public

Microsoft on Thursday expanded public access to its generative artificial intelligence programs, despite fears that tech firms are rushing ahead too quickly with potentially dangerous technology.

Taking the high road: India infrastructure drive counters China

Freshly laid roads, bridges, upgraded military camps, and new civilian infrastructure dot the winding high Himalayan route to the Indian frontier village of Zemithang -- which China renamed last month to press its claim to the area.

Asian markets mixed after US fed hikes rates again

Asian markets were mixed in early trade on Thursday, after the Federal Reserve soured the mood on Wall Street by not only raising rates but also indicating that it would not cut them any time soon.

ECB expected to slow pace of rate hikes

The European Central Bank is expected to hike interest rates again Thursday to fight inflation but at a slower pace, as higher borrowing costs take their toll and banking sector fears resurface.

India's growing population a burden for struggling mothers

Married off by her parents at 14, Indian mother-of-seven Jaimala Devi kept having children because her husband insisted she could only stop once she had given birth to two sons.

No alternative: Afghan farmers lament Taliban poppy ban

In a secluded compound in south Afghanistan, Bibi Hazrato cries in dismay as a group of men hack down her poppy crop, enforcing a Taliban government order to wean the nation off the narcotic plant.

Striking Hollywood writers decry the Uber-ization of their trade

Television and film writers, on strike over the "existential crisis" of a Hollywood dream factory that mistreats the source of its stories, are fed up with seeing their profession become more precarious in the age of streaming.

Investigation of top Mexican resort town wins reporting prize

An investigation about the hidden side of the Caribbean resort town of Cancun on Wednesday won a prize honoring two journalists murdered in Mexico, one of the world's deadliest countries for the press.

US stocks fall after latest Fed rate hike as oil prices slide

Wall Street stocks declined along with the dollar after the Federal Reserve's latest interest rate hike Wednesday, while US oil prices slid below $70 a barrel amid recession worries.

US Fed lifts interest rates again, signals potential pause

The US Federal Reserve raised its benchmark lending rate for a tenth consecutive time Wednesday in a move that could be the last in the current cycle if the economy cools sufficiently.

Nine dead, seven wounded in Belgrade school shooting

Eight students and a security guard were killed during a school shooting in Belgrade on Wednesday, officials said, with police accusing the detained 13-year-old suspect of plotting the attack for a month and drawing up a kill list.

US Fed lifts interest rates by quarter-point

The US Federal Reserve raised its benchmark lending rate for a tenth consecutive time Wednesday in a move that could be the last in the current cycle if the economy cools.

Stocks steady, dollar dips before Fed rate decision

European and US stock markets steadied and the dollar dropped Wednesday ahead of the Federal Reserve's latest decision on US interest rates.

US pick Ajay Banga confirmed as new World Bank president

The World Bank confirmed Wednesday that Ajay Banga will be its next president, handing him the reins at a pivotal time as it looks to reshape its role to better address climate change.

New York becomes first US state to ban gas in new buildings

New York has become the first US state to pass a law banning gas stoves and other fossil fuels in most new buildings, in a victory for environmental activists.

Russian captain, 2 Georgians taken by pirates off Gabon

The Russian skipper of a US-owned bulk carrier was kidnapped along with two of his officers, both Georgian, when their vessel was attacked by pirates outside a Gabonese port, officials said Wednesday.

Stocks rise, dollar lower before Fed rate decision

European and US stock markets advanced and the dollar dropped Wednesday with all eyes on the Federal Reserve's latest decision on US interest rates.

Nine dead, seven injured in Belgrade school shooting

Iran seizes second Gulf oil tanker in days as US tensions rise

Sanctions-hit Iran seized on Wednesday a second oil tanker in less than a week as tensions rise in the commercially vital Gulf waters.

US private hiring up unexpectedly in April but pay gains slow: ADP

US private sector employment heated up unexpectedly in April, according to data released by payroll firm ADP on Wednesday, although pay gains slowed rapidly as well.

Hackers promise AI, install malware instead

Meta on Wednesday warned that hackers are using the promise of generative artificial intelligence like ChatGPT to trick people into installing malicious code on devices.

European stocks rise, dollar lower before Fed rate decision

European stock markets advanced and the dollar dropped Wednesday with all eyes on the Federal Reserve's latest decision on US interest rates.

Police swoop on 'Ndrangheta mafia across Europe

Police across Europe launched a vast, coordinated operation against Italy's notorious 'Ndrangheta mafia on Wednesday, arresting more than 130 people and seizing millions of euros in dozens of searches.

Stellantis says easing chip crunch boosts sales

Stellantis, the world's fourth-largest automaker, said Wednesday that an easing shortage of semiconductor supplies helped drive sales in the first quarter, as more vehicles could be delivered to buyers.

Nine dead in Belgrade elementary school shooting

Eight students and a security guard were killed during a school shooting in the Serbian capital of Belgrade on Wednesday, the interior ministry said, as police arrested a teenage student suspected of carrying out the attack.

Iran forces seize second oil tanker in six days: US Navy

Iranian forces seized a Panama-flagged oil tanker in the Strait of Hormuz early on Wednesday, the US Navy said, the second such incident in less than a week.

Ex-Audi CEO to plead guilty over 'dieselgate' scandal

Former Audi boss Rupert Stadler will plead guilty over the "dieselgate" vehicle emissions-cheating scandal, a German court said Wednesday, which would make him the first auto CEO to be convicted in the resulting lawsuits.

European stocks rise, bucking slides in Asia, US

European markets advanced in early trade on Wednesday, bucking slides in Asia and the United States driven by fears of banking sector turmoil and jitters over interest rates.

World's tallest 'hemp hotel' trails South Africa's green credentials

With 12 storeys, a breathtaking view of Cape Town's imposing Table Mountain and a minimal ecological footprint, the world's tallest building made with industrial hemp is soon to open its doors in South Africa.

US Fed likely to hike rates again as banking fears resurface

The US Federal Reserve is widely expected to raise its benchmark lending rate for a 10th -- and possibly final -- time on Wednesday, as it looks to bring down inflation while aiming to prevent fresh banking concerns from spreading.

Tech industry allowing 'deluge' of misinformation: RSF

Journalism is being battered by propaganda and increasingly sophisticated fakes, aided by AI software and a failure of oversight from tech companies, Reporters Without Borders (RSF) said Wednesday.

Sawt Falasteen - Economy (English)