Sawt Falasteen - Economy

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Featured

Trump pauses planned 50% tariffs on Canadian goods for three days

US President Donald Trump paused the planned rollout of new tariffs on some Canadian goods late Tuesday, after negotiations between both countries that went down to the wire.

Trump, Carney talk as Canada seeks to hold off new US tariffs

Canada's Prime Minister Mark Carney held urgent talks with US President Donald Trump on Tuesday, hours before fresh US tariffs on Canadian goods were set to come into force.

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L.S. Lowry's 'Going to the Match' sells for nearly £8m

L.S. Lowry's "Going To The Match", one of the most iconic paintings of 20th century British art, sold at auction Wednesday for a record-breaking £7.85 million ($8.81 million).

Macron rams budget through divided French parliament

President Emmanuel Macron's government on Wednesday sought to ram its 2023 budget through parliament without a vote as it seeks to lift the country out of an economic squeeze that has sparked strikes and demonstrations.

Spain minister says EU energy crisis measures too 'timid'

The EU's proposals to rein in soaring energy prices are too "timid" and could lead to a "breakdown in confidence" in European institutions, Spain's Energy Minister Teresa Ribera said Wednesday during an interview with AFP on the eve of an EU leaders summit.

BMW to invest $1.7 bn in electric car production in US

German carmaker BMW said Wednesday it will invest $1.7 billion in the production of electric vehicles in the United States.

Truss budget fiasco shows power of the markets

British Prime Minister Liz Truss's humiliating budget U-turn shows how markets can wield influence over government fiscal policy.

Stocks waver as inflation concerns offset positive earnings

Major stock markets fluctuated Wednesday as investors tracked soaring inflation and positive earnings results.

Empty shelves as German supermarkets resist price hikes

German shoppers are increasingly finding empty shelves where their favourite Kellogg's cereal, Mars chocolate bar or rice brand used to be, as supermarkets square off against major food companies over price hikes.

'Shocking' UK report links poor care to death of 45 babies

A damning report Wednesday found that 45 babies who died at two British hospitals might have survived if their care had been up to standard, in the latest UK maternity scandal.

Procter & Gamble earnings boosted by price hikes

Procter & Gamble turned in another solid quarter Wednesday as it pointed to indications that consumers are mostly sticking with leading household brands despite higher prices.

Trump to testify in defamation case against rape accuser

Former US president Donald Trump is expected to testify Wednesday in a defamation case pitting him against a prominent American columnist who says he raped her in the 1990s.

India stops Pulitzer-winning photographer from flying to US

Indian authorities have prevented an award-winning photographer from flying to the United States to collect her Pulitzer Prize, the latest of several Kashmiri journalists barred from leaving the country.

Markets mixed as traders struggle to keep rally's momentum

Investors battled to push markets higher again Wednesday following another healthy run-up on Wall Street boosted by more positive earnings results that raised hopes for the reporting season.

UK inflation returns above 10 percent

British inflation jumped back above 10 percent in September on soaring food prices, official data showed Wednesday, with the country gripped by a cost-of-living crisis bedevilling the government.

Crowd welcomes home Iranian climber who competed without hijab

A cheering crowd welcomed home Iranian sports climber Elnaz Rekabi at a Tehran airport Wednesday, after she competed in South Korea without a hijab, media in the Islamic republic reported.

Divided loyalties in Ukraine city as Russia presses assault

Patriotic messages stating the fact that "Bakhmut is Ukraine" are scrawled on monuments all around this frontline city.

Surfers, miners fight over South Africa's white beaches

To those who live here, it's like a little piece of heaven, boasting pink flamingos, white beaches and blue ocean waters.

Asian markets mixed as traders struggle to keep rally's momentum

Asian investors battled to push markets higher again Wednesday following another healthy run-up on Wall Street boosted by more positive earnings results that raised hopes for the reporting season.

Inuit women's facial tattoos make a comeback in Canada's Arctic

Inuit women in Canada's far north are bringing back a lost ancient tradition of facial tattooing that missionaries once declared "evil."

Netflix subscriber numbers re-ignite after chilly start to year

Netflix on Tuesday reported that it gained more than 2 million subscribers in the recent quarter, calming investor fears that the streaming giant was losing paying customers.

Five things to know about World Cup host Qatar

Qatar, the controversial host of the football World Cup, is a key US ally in the Middle East that is rich in gas and oil.

Most Salvadorans think making Bitcoin legal tender was 'failure'

More than a year after Bitcoin became legal tender in El Salvador, a new poll Tuesday showed most people in the country consider the controversial move by President Nayib Bukele as a "failure."

United Airlines bullish on air travel despite inflation

United Airlines reported strong third-quarter results Tuesday and said it does not expect inflation and other macroeconomic headwinds to derail the travel industry's comeback.

Russia announces civilian evacuation from key Ukraine city

Russia announced the evacuation of civilians from a key southern Ukrainian city on Tuesday as it acknowledged the situation for its troops on the ground in Ukraine was "tense" in the face of a counter-offensive.

Cement giant Lafarge fined $778 mn for working with Islamic State in Syria

French cement giant Lafarge SA was slapped with a $778 million fine Tuesday for making millions in payments to the Islamic State and another jihadist group to build its business in Syria.

Thousands strike in France for higher wages

Striking workers held rallies across France on Tuesday to demand higher wages in response to soaring inflation, amplifying a protest by refinery workers that has emptied petrol stations and caused headaches for millions of motorists.

Amazon workers reject union in latest US warehouse vote

Workers at an Amazon warehouse near Albany voted decisively against establishing a union, US officials announced Tuesday, dealing a setback to the fledgling labor drive at the e-commerce behemoth.

Stock markets climb on bright US earnings and UK policy U-turns

Major global equities rose Tuesday, with sentiment soothed after a series of upbeat US earnings and Britain shredded its controversial budget.

Counting starts in latest union vote at Amazon US warehouse

US labor officials began counting ballots in New York Tuesday in the latest unionization drive at Amazon after workers delivered the retail behemoth a split decision in two earlier votes.

Stock markets climb on bright US earnings

Major global equities rose Tuesday, with sentiment soothed after Britain shredded its controversial budget and following a series of upbeat US earnings.

Ethiopia says govt forces seize three towns in Tigray

Ethiopia said on Tuesday its forces had seized three towns in war-stricken Tigray in an advance that coincides with UN warnings of a spiralling conflict and an "utterly staggering" toll on civilians.

Goldman Sachs reports lower profits, unveils reorganization

Goldman Sachs reported lower profits Tuesday on a big drop in revenues tied to corporate merger advising, but the firm still topped analyst expectations on strong trading revenues.

Who could replace UK's under-fire premier Liz Truss?

UK Prime Minister Liz Truss has vowed to lead Britain's Conservatives into the next election -- due within two years -- but after a disastrous six weeks in Downing Street many doubt she will remain leader long.

Sawt Falasteen - Economy (English)