Sawt Falasteen - Economy

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Canadian negotiator says 'more work to do' on US trade deal

Top Canadian negotiator Dominic LeBlanc said late Friday that a US trade deal was not finalized, with just hours left until a midnight deadline when steep new tariffs are set to come into force.

TikTok to pay $400 mn settlement in US children's privacy case

TikTok and parent company ByteDance have agreed to pay $400 million to settle a lawsuit with the US Department of Justice over claims that the video-sharing platform violated federal children's privacy laws, the department announced on Friday.

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Stocks climb as investors await US inflation data

Asian and European stock markets mostly rose Tuesday after an Easter break, with focus turning to the release of US inflation data later in the week.

Swiss president says Credit Suisse rescue averted catastrophe

Swiss President Alain Berset told lawmakers Tuesday that letting banking giant Credit Suisse collapse would have triggered a catastrophe, as he defended the orchestrated takeover by UBS.

Head of British business lobby sacked over misconduct

Britain's main business lobby group announced Tuesday the sacking of Director General Tony Danker following sexual misconduct allegations that have shaken the Confederation of British Industry.

France's Macron stirs confusion, criticism with Taiwan comments

French President Emmanuel Macron risks creating fresh confusion among his Western allies and encouraging China with his latest headline-grabbing foreign policy comments, this time on Taiwan, analysts say.

UN says forced into 'appalling choice' by Taliban ban on women

The United Nations is being forced to make an "appalling choice" over whether to continue operations in Afghanistan while the Taliban government bans women from working for the organisation, the world body said Tuesday.

China to require 'security assessment' for new AI products

New AI products developed in China will have to undergo a security assessment before being released and must reflect "core socialist values", a sweeping new draft law by the country's internet regulator showed Tuesday.

Macron visits Netherlands amid row over China comments

French President Emmanuel Macron began a state visit to the Netherlands on Tuesday seeking to calm a furore over his controversial remarks on Europe and China.

China draft law to require 'security assessment' for new AI products

All new artificial intelligence (AI) products developed in China will be required to undergo a "security assessment" before being released to the public, a sweeping new draft law by the country's internet regulator showed Tuesday.

Markets track higher as investors await US inflation data

Asian and European markets mostly rose Tuesday after an Easter break that thinned trading volumes in the region, with focus now turning to the release of US inflation data later in the week.

China to require 'security assessment' for new AI products: draft law

All new artificial intelligence (AI) products developed in China will be required to undergo a "security assessment" before being released to the public, a new draft law by the country's internet regulator showed Tuesday.

Dismantling Germany's Lubmin nuclear plant, piece by piece

At a former nuclear power plant near Lubmin on Germany's Baltic coast, workers in the disassembly hall are chopping up a bulky grey section of a pump from inside one of the reactors.

China consumer inflation falls below 1% in March

China's consumer price inflation fell below one percent in March, official figures showed Tuesday, a sign of weak demand as the world's second largest economy tries to recover from its pandemic-driven slump.

Cuba announces surprise reversal of US dollar deposit ban

Cuba's government on Monday announced a surprise lifting of its ban on US dollar deposits in banks, reversing a policy which had been in place across the communist island nation since June 2021.

Asian markets track higher as investors await US inflation data

Asian markets mostly rose Tuesday after an Easter break that thinned trading volumes in the region, with focus now turning to the release of US inflation data later in the week.

Amsterdam at war over 'erotic centre' plan

The atmosphere was tense as residents confronted Amsterdam's mayor on a controversial plan to move legal prostitution from the city's historic red light district to a suburban "erotic centre".

Swiss president to defend Credit Suisse takeover in parliament

Swiss President Alain Berset on Tuesday will defend the orchestrated takeover of Credit Suisse by UBS at an extraordinary session of parliament to debate the bank's collapse.

Biden trans athlete proposals spark outrage on both sides

A US government proposal which would prevent schools from implementing blanket bans on transgender students participating in sports matching their gender identity has triggered a furious backlash from both conservative politicians and trans rights activists.

Wall Street stocks end mostly higher after latest US jobs data

Wall Street stocks mostly rose on Monday following a mixed session on Asian bourses as markets digested solid US jobs data ahead of key inflation updates later in the week.

Mexican TikToker shares Maya language with new generations

Santos Tuz bids his followers farewell with a smile in Maya and Spanish on social media, where the young Mexican teacher shares his Indigenous language with thousands of people.

News presenter generated with AI appears in Kuwait

A Kuwaiti media outlet has unveiled a virtual news presenter generated using artificial intelligence, with plans for it to read online bulletins.

World Bank, IMF spring meetings get underway in complex economic environment

The World Bank and International Monetary Fund's spring meetings kick off this week with an ambitious reform and fundraising agenda likely to be overshadowed by concerns over high inflation, rising geopolitical tension and financial stability.

Asian markets mixed as traders weigh US jobs data

Asian equities were mixed Monday in holiday-thinned trade after US jobs data indicated the Federal Reserve would likely have to hike interest rates again but soothed recent worries about a possible recession.

Asian markets edge up as traders weigh US jobs data

Asian equities rose Monday in holiday-thinned trade after US jobs data indicated the Federal Reserve would likely have to hike interest rates again but soothed recent worries about a possible recession.

Iraqi Kurds protest Turkish bombardment of airport

Several hundred Iraqi Kurds protested on Sunday against repeated Turkish military bombardments of their region, two days after an attack near the Sulaimaniyah airport.

'Super Mario' movie hops to a huge N. American opening

It's only April, but Universal's "The Super Mario Bros. Movie" racked up such huge numbers in its North American opening weekend that analysts say it could top the list for all of 2023.

Bittersweet Easter for Turkish city's dwindling Armenian community

The aroma of corek, a spiced bun the Armenian community makes for Easter, is once again wafting through the streets of Diyarbakir in southeast Turkey.

Macron says Europe must not be 'follower' of US, China on Taiwan

French President Emmanuel Macron said in an interview published Sunday that Europe must not be a "follower" of either the US or China on Taiwan, saying that the bloc risks entanglement in "crises that aren't ours".

Plastic pollution is scourge of English coastal region

On an early spring afternoon, Tregantle Beach is bathed in a dazzling light reminiscent of a painting by British landscape artist JMW Turner as sea, sky and sun merge.

Small US banks use enlarged deposit guarantee to compete with giants

In the wake of the latest US banking meltdown, small lenders might appear vulnerable to an exodus of depositors fleeing for larger banks.

Bank takeover prevented Swiss economy collapse: minister

Swiss Finance Minister Karin Keller-Sutter said Switzerland's economy would probably have collapsed had Credit Suisse gone bankrupt, in an interview published Sunday.

Senegal harvests first experimental homegrown wheat

With the whir of a mower, under a clear blue sky, Senegalese researchers have begun harvesting a crop of experimental homegrown wheat, the latest step in a years-long effort to reduce reliance on imports.

Facing sexist, racist abuse, Canada leader seeks to spark reckoning

Faced with a stream of vicious insults on social media, Canada's first Indigenous governor general Mary Simon has decided to turn her pain into a learning moment for her country and launch a fight against racism and misogyny online.

Sawt Falasteen - Economy (English)