Sawt Falasteen - Economy

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EU, China to hold Beijing talks to avert trade war

EU trade chief Maros Sefcovic will head to Beijing on Thursday for two days of make-or-break meetings with Chinese officials to try to stave off a trade war.

Rubio visits Iceland as US boosts Arctic presence

US Secretary of State Marco Rubio will travel Monday to Iceland to continue pressing US interests in the Arctic, two weeks after Washington sealed a security pact on Greenland.

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Israel could wean itself off US defence aid, but not yet

Prime Minister Benjamin Netanyahu's call to gradually end Israel's reliance on US military aid could boost strategic flexibility, analysts said, though a full break from Washington's support remains unlikely anytime soon.

Star Julianne Moore hates 'guns and explosions', warns women are losing out

"The Hours" star Julianne Moore said she did not like "explosions and guns" as she bemoaned the drop in leading roles for women in Hollywood Saturday, saying women were being squeezed out everywhere.

Putin to visit China May 19-20, days after Trump trip

Russian President Vladimir Putin will travel to China on May 19 for a two-day visit, hot on the heels of US President Donald Trump's trip to Beijing, the Kremlin said on Saturday.

Drake drops three albums at once

Canadian rapper Drake has dropped a new album, with two more surprise companion albums to boot -- a whopping 43 tracks that stretch over nearly two and a half hours.

Boeing confirms China commitment to buy 200 aircraft

Aerospace giant Boeing on Friday confirmed that China had committed to purchasing 200 aircraft during a visit to Beijing by US President Donald Trump -- a deal that could ultimately balloon with orders for 750 additional planes.

Bolivia unrest continues despite government deal with miners

The Bolivian government struck a deal with protesting miners on Friday, but was still grappling with blockades and demonstrations by other workers across La Paz.

Judge declares mistrial in Weinstein sex assault case

A US judge declared a mistrial in the trial of disgraced cinema mogul Harvey Weinstein after jurors again failed to reach a verdict on allegations he sexually assaulted actor Jessica Mann, prosecutors said.

Canada takes key step towards new oil pipeline

Prime Minister Mark Carney and the leader of Canada's oil‑rich Alberta province took a major step Friday toward building an oil pipeline that could substantially increase crude exports to Asia.

Eurovision finalists tune up as boycotting Spain digs in

Eurovision performers from 25 countries on Friday went through a full dress rehearsal for the grand final, while Spain's prime minister defended the country's boycott of this year's event over Israel's participation.

Bolivia government says deal reached with protesting miners

The Bolivian government said Friday it had struck a deal with thousands of protesting miners who had clashed with police the previous day in La Paz.

French-German tank maker KNDS to push ahead with IPO

KNDS said Friday that it planned to push ahead with plans for a public offering of its shares, despite reports Berlin is seeking a delay as it weighs taking a stake in the tank and weapons maker.

Stocks tumble as US-Iran impasse fuels inflation fears

Global stocks slumped and oil prices rose Friday as talks between the United States and China failed to deliver progress on reopening the Strait of Hormuz, reigniting worries of persistent inflation pressures that could derail economic growth.

Energy-hungry German industries in decline since Ukraine war: data

Germany's energy-hungry industries have suffered sharp falls in output since the start of the Ukraine war, data showed Friday, with little hope of an imminent rebound.

Zimbabwe tobacco hits new highs under smallholder contracts

Rows of green tobacco plants stretched towards the bush in a vast field of a crop that has rebounded to record levels in Zimbabwe, driven largely by smallholders contracted to Chinese firms.

India hikes fuel prices as Middle East war strains supplies

India's state-run oil companies raised petrol and diesel prices by more than three percent on Friday as disruption to energy supplies due to the Iran war mounts pressure on the economy.

Indian PM seeks trade, energy stability on UAE-Europe tour

Indian Prime Minister Narendra Modi began a five-nation tour on Friday, heading to the United Arab Emirates before Europe, overshadowed by energy and supply-chain worries due to the Iran war.

Markets wait on Trump-Xi summit, Seoul hits record

Oil inched higher and Asian markets traded in a narrow range Friday as investors awaited tangible results from US President Donald Trump's talks in Beijing, while an AI stock boom boosted Seoul to a new record.

Egypt farmers hit by Iran war price surge

Egyptian smallholders have seen their lives upended by the war in Iran, with soaring fertiliser and energy prices forcing many to lay off workers and reduce the amount of land they farm.

LVMH sells Marc Jacobs to WHP Global, which will form partnership with G-III

French luxury giant LVMH will sell its Marc Jacobs brand to US brand firm WHP Global, the two companies said Thursday.

CIA director visits Cuba as island runs out of oil

CIA Director John Ratcliffe met with Cuban officials in Havana on Thursday, the communist government said, as the island endures record energy shortages.

US tariffs, cyberattack drive Jaguar Land Rover into loss

US import tariffs and a debilitating cyberattack pushed Jaguar Land Rover into an annual loss, figures published Thursday showed, although the luxury British automaker's performance improved in the last quarter.

IMF sees risks to global growth forecast over sustained Iran war

The International Monetary Fund warned on Thursday that continuing disruptions due to the Iran war meant its global economic outlook was moving towards an "adverse" scenario, with growth pared down and greater risks to inflation.

China's Weichai wins battle for Ferretti yacht maker

Chinese group Weichai on Thursday took control of the world's top yacht maker, Ferretti, after a takeover battle with a Czech shareholder that had appealed to the Italian government.

Honda suspends plans for new electric vehicle plant in Canada

Japanese auto giant Honda said Thursday its plans to build a multi-billion-dollar electric vehicle plant in Canada have been "indefinitely suspended," marking another blow to the country's tariff-hit auto sector.

Sniffer dogs police Cannes' cocaine-fuelled party scene

The mayor of Cannes has ordered a drugs crackdown as Hollywood stars and film industry executives flock to party and do deals in the French Riviera resort.

Tech stocks rally rolls on as US-China talks underway

European and US stock markets climbed Thursday as a tech-fuelled rally rolled on even as the United States and China were locked in talks in Beijing, accompanied by key US business leaders hoping for deals.

Stocks diverge tracking tech, US-China talks

European and Asian stock markets diverged on Thursday as investors weighed high-stakes talks between the United States and China and optimism over artificial intelligence.

Stars flying into Cannes in private jets 'obscene', say ex-pilots

Climate activists are urging movie stars to fly economy or take the train to Cannes after saying private jets burned two millions of litres of kerosene getting them to the film festival last year.

UK economy resilient as Mideast war, political risks loom

Britain's economy expanded in the first quarter, official data showed Thursday, offering a boost to embattled Prime Minister Keir Starmer as the Mideast crisis and political turmoil cloud the outlook.

Asia stocks uneven as investors assess high-stakes Trump-Xi talks, AI rally

Asian markets were mixed Thursday as investors weighed high-stakes US-China talks and persistent inflation concerns, which tempered optimism fuelled by record highs on Wall Street.

Burberry returns to full-year profit on turnaround plan

British fashion label Burberry said Thursday that it returned to profit in its latest fiscal year thanks to a sizeable cost-cutting plan launched at the end of 2024.

Denmark, Australia in the spotlight in Eurovision second semi

The last 10 places in the Eurovision final are up for grabs in Thursday's second semi, with Denmark and Australia hotly tipped to make it through once the votes are counted.

Sawt Falasteen - Economy (English)