Sawt Falasteen - Economy

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US, Canada 'very close' to trade deal, Ottawa says, as details emerge

The United States and Canada are "very close" to a final trade deal, the top Canadian negotiator said Thursday after talks with President Donald Trump's team.

US stocks fall as bond yields rebound despite Treasury moves, oil rises

Wall Street stocks fell Thursday as government bond yields rebounded despite a fresh pledge from US Treasury Secretary Scott Bessent to push yields lower.

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Pope set to meet youth in landmark DR Congo visit

Pope Francis was set to address thousands of youngsters in Democratic Republic of Congo on Thursday after holding an open-air mass that drew an estimated million faithful, as he pursues a landmark trip to central Africa.

Despite improving outlook, ECB to hike rates again

The European Central Bank is set to hike interest rates again Thursday as it pursues its inflation fight, despite tentative signs the eurozone has weathered shocks from the Ukraine war better than feared.

Montreal snow-clearing: good for traffic, bad for environment

A choreographed ballet of massive trucks, snowplows and snowblowers takes over the streets of Montreal whenever it snows, an enormous logistical effort with a significant environmental cost.

Asian markets rally with Wall St on softer Fed tone

Most Asian markets rose Thursday and the dollar weakened further on hopes the Federal Reserve's campaign of interest rate hikes could be close to an end after it acknowledged progress in its long-running battle against inflation.

Australia to oust monarch from banknotes

Australia will erase the British-based monarch from its banknotes, replacing the late Queen Elizabeth II's image on its $5 note with a design honouring Indigenous culture, the central bank said Thursday.

US Fed unveils smaller rate hike but signals inflation fight not over

America's Federal Reserve slowed its pace of interest rate hikes Wednesday, tempering an aggressive campaign to rein in costs as inflation cools while signaling the battle is not yet over.

Brazilian army deploys to protect Indigenous Yanomami

The Brazilian military launched an operation Wednesday to crack down on illegal gold miners accused of invading the massive Yanomami Indigenous reservation and spreading disease, violating human rights and destroying the environment.

'Surprising' ancient Egyptian mummy ingredients discovered

The discovery of dozens of beakers and bowls in a mummification workshop has helped reveal how ancient Egyptians embalmed their dead, with some "surprising" ingredients imported from as far as Southeast Asia, a study said Wednesday.

Stocks and dollar struggle before Fed rate decision

Stock markets and the dollar struggled for direction on Wednesday, as investors waited to learn the size of the US Federal Reserve's latest interest-rate hike to cool inflation.

Half a million strike in UK as cost-of-living crisis bites

Half a million people stopped work over pay in Britain on Wednesday leaving transport networks paralysed and thousands of classrooms empty in the largest walkout in over a decade.

What does hitting the debt ceiling mean for the US?

The United States hit its borrowing cap of $31.4 trillion in January, prompting the start of measures to avoid a default as Democrats and Republicans head towards another clash on raising or suspending the country's debt limit.

US manufacturing activity contracts for third month: survey

Activity in the US manufacturing sector shrank for a third straight month in January, hovering at the lowest levels since May 2020 as new orders and production slumped, according to survey data released Wednesday.

Pakistan inflation hits 48-year high as IMF visits

Inflation has risen to a 48-year high in crisis-hit Pakistan, according to government data released Wednesday, as IMF officials visit for urgent talks on a stalled bailout package.

US private hiring slows more than expected in January: survey

Private employers in the United States slowed their hiring pace in January, payroll firm ADP said Wednesday, in the latest sign that economic activity is cooling on efforts to rein in inflation.

EU unveils plan to counter US green subsidies, China competition

The EU on Wednesday unveiled proposals to counter the threat to European industry from US green subsidies and unfair competition from China, with measures including a controversial expansion of state aid.

Pakistan inflation rises to 48-year high as IMF visits

Inflation has risen to a 48-year high in crisis-hit Pakistan, where the International Monetary Fund is visiting for urgent talks, according to data released on Wednesday by the country's statistics bureau.

Eurozone inflation falls but uncertainty remains

The eurozone's annual inflation rate has fallen for a third consecutive month, official data showed on Wednesday, but uncertainty over the figures and continued price growth cooled optimism.

Half a million strike in UK's largest walkout in 12 years

Half a million workers went on strike in Britain on Wednesday, calling for higher wages in the largest such walkout in over a decade, closing schools and severely disrupting transport.

Hong Kong economy shrank 3.5 percent in 2022

Hong Kong's economy shrank by 3.5 percent in 2022, with exports plunging and the city's worst-ever coronavirus outbreak battering businesses, the government announced Wednesday, while saying it hoped China's reopening would spur a recovery.

Adani shares nosedive as Indian tycoon drops down rich list

Shares in the Indian tycoon Gautam Adani's flagship firm nosedived again on Wednesday as its owner dropped out of the Forbes top 10 rich list following allegations of massive accounting fraud.

Premier League January spending spree sends records tumbling

Premier League clubs spent a record £815 million ($1 billion) in a frantic January transfer window -- nearly double the previous highest figure, according to sports finance experts Deloitte.

US Fed set to slow rate hikes but signal inflation fight not over

The Federal Reserve starts the second day of its policy meeting Wednesday, on growing expectations that it will step down to a smaller interest rate hike as red-hot inflation shows signs of cooling.

Electric cars gain record market share in Europe

Electric car sales set a new market share record in the European Union in 2022, industry figures showed Wednesday, as the region seeks to rid itself of fossil fuel cars.

Share sale fails to halt Adani market slide in India

A successful public offer failed to stop investors dumping shares in Indian tycoon Gautam Adani's business empire for a fifth day on Wednesday after allegations of massive accounting fraud from a short-seller investment group.

Asian markets rebound from losses after Wall St rally

Asian markets bounced back from two days of losses on Wednesday as traders tracked a Wall Street surge fuelled by data pointing to slowing US inflation and hopes the Federal Reserve's rate hike drive is coming to an end.

Boom times for francophone Africa's TV and film industry

Standing in a barren schoolyard surrounded by baobab trees at the end of a dusty road in central Senegal, Leila Sy takes a look around and smiles.

All Blacks star Savea praises Johnstone's 'courageous' coming out

New Zealand forward Ardie Savea said Wednesday that he believes Campbell Johnstone's "courageous" coming out as the first gay All Black could pave the way for other rugby stars.

Uganda Grammy nominee Eddy Kenzo triumphs over tragedy

Orphaned and homeless, Eddy Kenzo used to struggle to persuade DJs to play his songs, but Uganda's first Grammy contender said his success offers hope that even the poorest person can triumph.

Arctic cold 'no sweat' for electric cars in Norway

Norwegian electric car owners have a word for the way they feel when they look nervously at their battery indicators while driving in subfreezing weather: "rekkevideangst", or "range anxiety".

Most Asian markets rebound from losses after Wall St rally

Most Asian markets bounced from two days of losses on Wednesday as traders tracked a Wall Street surge fuelled by data pointing to slowing US inflation and hopes the Federal Reserve's rate hike drive is coming to an end.

Iraqi PM says banking reforms reveal fraudulent dollar transactions

Iraq's premier said Tuesday that new banking regulations had revealed fraudulent dollar transactions made from his country, as the fresh controls coincide with a drop in the local currency's value.

Mixed day for global stocks ahead of major central bank moves

Wall Street stocks rallied Tuesday on mostly good corporate earnings after a mixed session in overseas markets ahead of key central bank decisions.

Sawt Falasteen - Economy (English)