Coin Press - Economy

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US Senate rejects vote to avert government shutdown

A US government funding shutdown looked increasingly certain Thursday after Senate Democrats rejected a key procedural vote to express anger over the killing of two protesters against President Donald Trump's hardline immigration crackdown.

Waymo gears up to launch robotaxis in London this year

US self-driving car company Waymo said Thursday it is working with UK partners to launch driverless robotaxis in London, which are expected to begin operating later this year.

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Japan's Fast Retailing raises profit forecast after China growth

Japanese retail giant Fast Retailing lifted its 2025-26 annual net profit forecast on Thursday, buoyed by a strong performance in mainland China.

Equity markets mostly down as traders eye US jobs data

Equity markets mostly fell Thursday as the rally that has characterised the start of the year paused with investors looking ahead to the release of key US jobs data this week.

Dancing isn't enough: industry pushes for practical robots

Humanoid robots danced, somersaulted, dealt blackjack and played ping-pong at the Consumer Electronics Show this week, but some in the industry are impatient for them to become more useful, not just a promise of things to come.

Cambodia to liquidate bank founded by accused scam boss

A Cambodian bank founded by accused scam boss Chen Zhi, who has been indicted by the United States over multibillion-dollar fraud and extradited to China, was ordered liquidated Thursday, Cambodia's central bank said.

Farmers enter Paris on tractors in protest at trade deal

French farmers rolled into Paris on tractors Thursday morning in a show of dissent against a free trade deal they fear will create unfair competition.

Startups go public in litmus test for Chinese AI

Leading Chinese artificial intelligence startup Zhipu AI soared as it went public in Hong Kong on Thursday, a day before rival MiniMax also makes its market debut in a litmus test for the country's rapidly developing sector.

Asian markets mixed as traders eye US jobs data

Asian markets were mixed Thursday as the rally that has characterised the start of the year paused with investors looking ahead to the release of key US jobs data this week.

'One Battle After Another' leads SAG's Actor Awards noms with seven

Paul Thomas Anderson's politically charged "One Battle After Another" on Wednesday set a record for nominations for the Screen Actors Guild's influential Actor Awards with seven, staking its claim to Oscars frontrunner status.

US oil giant Chevron interested in Russian Lukoil's foreign assets: report

US oil giant Chevron and private equity firm Quantum Capital Group have partnered on a bid for sanctioned Russian oil company Lukoil's international assets, valued at $22 billion, the Financial Times reported Wednesday.

AI helps pave the way for self-driving cars

Even if Elon Musk's dream of robotaxis for everyone is a long way off, sleek electric cars powered by artificial intelligence packed the Consumer Electronics Show, promising to liberate people from the tedium of driving.

Oil wavers as Trump flags Venezuela shipments, US seizes tankers

Oil prices wavered Wednesday after President Donald Trump said Venezuela would turn over millions of barrels to the United States and seized a Russian-flagged oil tanker.

US private sector hiring rebounds in December but misses expectations

Hiring in the US private sector bounced back in December, data from payroll firm ADP showed on Wednesday, but the figure still missed analyst expectations as the employment market cools.

US attempts to seize Russia-flagged oil tanker in Atlantic

The United States has started an operation to seize a Russian-flagged oil tanker in the North Atlantic after it evaded a partial blockade around Venezuela, multiple US media said Wednesday.

Warner Bros rejects updated Paramount takeover bid, backs Netflix deal

The board of entertainment and news giant Warner Bros. Discovery (WBD) urged shareholders Wednesday to reject an updated takeover bid by rival Paramount, saying it is inferior to Netflix's offer.

'I don't': AI wedding vows fall foul of Dutch law

A Dutch court broke the hearts of a couple after ruling that their marriage, whose wedding vows were drafted with the help of artificial intelligence, was not valid.

Oil falls as Trump flags Venezuela shipments, stocks waver

Oil prices extended losses Wednesday after President Donald Trump said Venezuela would turn over millions of barrels to the United States, while equities wavered after a record-breaking start to the year.

Oil extends losses as Trump flags Venezuela shipments, stocks mixed

Oil extended losses Wednesday after Donald Trump said Venezuela would turn over millions of barrels to the United States, while equities were mixed after a record-breaking start to the year.

Nollywood meets Bollywood: filmmaker fuses Indian, Nigerian culture

The greeting "namaste" associated with yoga and the Pidgin word for trouble, "wahala", widely used across the world thanks to Afrobeats, speak to Indian and Nigerian influences on the English language.

US car market expected to moderate in 2026

Auto industry experts expect US car sales to moderate in 2026 after last year's churn of trade announcements and environmental policy changes spurred increased sales.

Strasbourg face pitfalls of multi-club system as Chelsea take Rosenior

The departure of Strasbourg coach Liam Rosenior to take over as Chelsea manager has exposed the harsh realities of multi-club ownership, which is gaining ground across the world but causing discord between supporters and teams.

Nvidia CEO praises robots as 'AI immigrants'

Nvidia chief executive Jensen Huang described robots as "AI immigrants" on Tuesday, arguing they could solve a global labor shortage that is hampering manufacturing.

Equities extend record run, oil eases

Global stock markets advanced on Tuesday to fresh record highs while oil prices eased as investors tracked developments surrounding crude-rich Venezuela as well as the outlook for the global economy.

UK electric car sales hit record high in 2025: industry

All-electric vehicles accounted for nearly one quarter of new cars sold in the UK last year, a record high, industry data showed Tuesday, as Britain phases out combustion engines.

EV sales rebound in Germany as Chinese brands make inroads

Electric vehicle sales rebounded strongly in Germany in 2025, official data showed Tuesday, with Chinese manufacturers making inroads from a low base in the EU's largest economy despite tariffs.

Taylor's endorsement prompts Swift sell-out for Sancerre wine

A French wine maker has hailed the impact of his Sancerre appearing in Taylor Swift's latest documentary which looks set to deepen America's love affair with the famed Loire appellation.

Markets extend global rally amid optimistic outlook, oil dips

Most Asian markets rose Tuesday, tracking the year's first record on Wall Street as investors racked up AI-linked tech bets, while oil prices steadied after whipsawing following the ouster of Venezuelan President Nicolas Maduro.

Nestle recalls infant formula in several European countries

Swiss food giant Nestle announced on Monday a recall of batches of infant formula in several European countries, notably France, Germany, Austria, Denmark, Italy and Sweden, as a precautionary measure.

Uber shows off its robotaxi heading for San Francisco

Uber on Monday unveiled a custom robotaxi it is adding to its global ride-share platform, starting on the San Francisco home turf it shares with rival Waymo, owned by Google.

TV makers tout AI upgrades at CES, as smartphone threat looms

A century after Scottish inventor John Logie Baird demonstrated the first mechanical television system, TVs face mounting competition from a much more recent invention: smartphones.

Toppling of Venezuela's Maduro stirs fear in Cubans

Cubans weary from years of economic crisis, shortages of basic supplies and regular power blackouts, fear the US attack on Venezuela, a leftist ideological ally and its main oil supplier, will see life get even tougher.

Lower demand for electric cars dents GM's sales

General Motors reported a dip in fourth-quarter US auto sales Monday, reflecting a sharp decline in electric vehicle transactions amid a broader slowing car market.

'Remove her clothes': Global backlash over Grok sexualized images

Elon Musk's AI tool Grok faced growing international backlash Monday for generating sexualized deepfakes of women and minors, with the European Union joining the condemnation and Britain warning of an investigation.

Coin Press - Economy (English)