Sawt Falasteen - Economy

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Featured

Asian countries most vulnerable to Strait of Hormuz blockade

Around 84 percent of oil passing through the Strait of Hormuz is destined for Asia, leaving the economies of China, India, South Korea and others vulnerable should Iran blockade the crucial trading route over US strikes on its nuclear sites.

Star-packed, Covid-shaped 'Death Stranding 2' drops this week

Japanese video game legend Hideo Kojima releases "Death Stranding 2: On the Beach" this week, a star-studded PlayStation sequel inspired by the Covid pandemic.

Last news

Europe's Ariane 6 rocket launch rescheduled to March 6

The first commercial mission of Europe's new heavy-lift rocket Ariane 6 has been rescheduled for Thursday, French company Arianespace announced, after an "anomaly" forced a last-minute postponement.

China sets annual growth target of around 5 percent

China on Wednesday set an annual growth target of around five percent, vowing to make domestic demand its main economic driver as an escalating trade war with the United States hit Beijing's exports.

Tech giants object as YouTube set to dodge Australian social media ban

Australia's plan to exempt YouTube from a world-leading teen social media ban is "illogical" and a "mockery", rival tech giants Meta and TikTok said Wednesday.

China aiming for growth of 'around 5 percent' in 2025: official document

China is pushing for economic growth of "around five percent" in 2025, an official document seen by AFP on Wednesday showed, an ambitious goal as Beijing faces down an intensifying trade war with the United States and deepening economic doldrums at home.

IXOPAY Launches Payment Account Reference Solution, Deepening Customer Insights in Digital Commerce

PAR provides a single, non-sensitive identifier that connects all transactions tied to a payment account

Canada, Mexico could see relief from tariffs, Trump official hints

The US commerce secretary on Tuesday said President Donald Trump could dial down huge tariffs on Canada and Mexico this week while maintaining pressure on China, hours after Canada's premier attacked the United States' "dumb" trade war.

Ports sale offers Panama way out of Trump row: experts

The decision by Hong Kong firm CK Hutchison to sell its Panama ports to a US-led consortium provides the Central American country with a convenient way out of its standoff with President Donald Trump, experts said Tuesday.

Global stocks tumble as Trump proceeds with more US tariffs

Stock markets were in gloomy mode Tuesday as China, Mexico and Canada hit back at US tariffs and fears grew that Europe could be President Donald Trump's next target in the growing global trade war.

Competition drives down Nigeria petrol prices

The retail price of petrol in Nigeria has dropped to 860 naira ($0.57) per litre, as a major local refinery drives down prices in a country long forced to import its gasoline.

Tesla shares fall on weak China auto sales

Shares of Tesla tumbled Tuesday following data showing a big drop in auto sales in China, adding to recent losses amid backlash to CEO Elon Musk's alliance with US President Donald Trump.

China, Canada retaliate against Trump's 'dumb' tariff war

Canadian Prime Minister Justin Trudeau launched a stunning attack on Donald Trump's "dumb" trade war as huge US tariffs kicked in against Canada, Mexico and China on Tuesday, sparking angry and immediate retaliation from all three.

EU chief unveils 800-billion-euro plan to 'rearm' Europe

EU chief Ursula von der Leyen Tuesday presented a plan to mobilise some 800 billion euros ($843 billion) for Europe's defence -- and help provide "immediate" military support for Ukraine after Washington suspended aid.

Seize or freeze? Friction in Europe over Russian assets for Ukraine

As Europe scrambles to boost military aid to Ukraine, calls are intensifying to fund it by seizing tens of billions of euros in frozen Russian assets, in an issue causing tension between European allies.

Stock markets, oil slide on trade war fears as US tariffs bite

Stock markets were in gloomy mode Tuesday as China, Mexico and Canada hit back at US tariffs and fears grew that Europe could be President Donald Trump's next target in the growing global trade war.

Eurovision chiefs promise 2025 show 'all about surprises'

Eurovision organisers promised Tuesday that the 2025 edition of the song contest will be all about surprises, with two months to go before showtime.

Chameleon phones and smart contact lenses: the gadgets of MWC 2025

As the world's biggest wireless technology fair, the Mobile World Congress in Barcelona is packed with manufacturers showing off their latest gadgets and inventions.

Writing on the wall as Chinese businesses fret over US trade war

At a bustling Shanghai trade fair, exporters of goods ranging from plush toys to chainmail bikinis expressed growing unease at the escalating US-China trade war as new US tariffs took hold on Tuesday.

'Stab in the back': Ukrainians in shock after US aid halt

Ukrainians in Kyiv and soldiers on the front lines were in shock on Tuesday and grappling with a sense of betrayal after US President Donald Trump's decision to suspend military aid.

Stock markets slide on trade war fears as US tariffs begin

Stock markets slid Tuesday on trade war fears as world powers hit out at the start of US tariffs on China, Mexico and Canada that risk being extended to Europe.

China's elite don traditional garb for annual 'Two Sessions' talking shop

Sporting military uniforms and multi-coloured traditional garb, delegates from all four corners of China descended on the capital on Tuesday for the country's largest annual political event -- a red-carpet cameo for the ruling elite.

France opposes seizing frozen Russian assets: minister

France voiced opposition Tuesday to seizing frozen Russian assets to fund a European military spending boost for Ukraine, arguing such a move would be against international agreements.

Markets fall on trade war fears after US, China tariffs

Markets fell in volatile trade Tuesday on fears of a trade war after China announced fresh tariffs on US imports in retaliation for President Donald Trump's latest levies.

Saudi Aramco profits drop 12 percent on lower prices, volumes

Oil giant Saudi Aramco posted a drop in annual profits on Tuesday as lower prices and volumes hit the lynchpin of the kingdom's ambitious economic reform plans.

Asian stocks pare their losses after China's retaliatory tariffs

Asian markets recouped some of their early losses in volatile trade on Tuesday after China announced fresh tariffs on US imports in retaliation to President Donald Trump's latest levies.

Japan startup targets June 6 Moon landing

Japanese startup ispace on Tuesday set a June 6 target touchdown date for its Moon lander, following the success of its rocket "rideshare" buddy, a spacecraft from a US firm.

Trade wars intensify as US tariffs on Canada, Mexico and China take force

Mounting trade wars between the United States and its largest economic partners deepened on Tuesday as US tariffs on Canada, Mexico and China kicked in, sparking swift retaliation from Beijing and Ottawa.

7-Eleven says Couche-Tard takeover still under consideration

The Japanese parent company of 7-Eleven said Tuesday that a buyout bid from a Canadian convenience store rival was still on the table despite a report that it planned to reject the multibillion-dollar offer.

Asian stocks tumble after Trump tariffs

Asian markets tumbled on Tuesday after US President Donald Trump hiked tariffs on Chinese imports and warned that levies on Mexico and Canada could not be averted.

Asia stocks tumble after Trump tariffs

Asian markets tumbled on Tuesday after US President Donald Trump heaped tariffs on Chinese imports and warned levies on Mexico and Canada could not be averted.

Trade war casts pall as China's leaders meet

China's leadership is gathering at the largest political event of the year on Tuesday, seeking a response to US President Donald Trump's latest salvo of tariffs targeting an already sluggish Chinese economy.

7-Eleven shares plunge on reported plan to reject takeover

Shares of the owner of 7-Eleven plunged on Tuesday after a report said the Japanese retailer plans to reject a multibillion-dollar takeover offer by Canada's Alimentation Couche-Tard (ACT).

Trump's China tariffs eclipse first term, more hikes likely: analysts

Donald Trump's latest tariff hike targeting China is likely only the start of his intensifying trade war against Beijing, which may struggle to shield its already ailing economy, analysts warned.

Sawt Falasteen - Economy (English)