Coin Press - Economy

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Featured

Baltics transform from Soviet stagnation to startup hubs

Stepping into the newly renovated Vilnius airport, visitors are greeted with a slew of billboards advertising products "Made in Lithuania", including cybersecurity giant NordVPN.

AI keeps consumer prices high in 'RAMaggedon' chip crunch

Print-outs of articles about the global memory chip shortage are pinned beside a price list at a Hong Kong computer shop, offering an explanation to confused customers feeling the pinch.

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Amazon unveils new AI chip in battle against Nvidia

Amazon Web Services launched its in-house-built Trainium3 AI chip on Tuesday, marking a significant push to compete with Nvidia in the lucrative market for artificial intelligence computing power.

Zelensky calls for peace, Putin defiant ahead of US-Russia talks

Donald Trump's son-in-law and special envoy headed to the Kremlin Tuesday for high-stakes talks on Moscow's offensive in Ukraine, as Ukrainian President Volodymyr Zelensky called for an end to the fighting and a "dignified peace".

Prada completes acquisition of flashy rival Versace

Italian fashion group Prada announced on Tuesday it had completed its acquisition of smaller rival Versace, announced earlier this year for 1.25 billion euros (now $1.45 billion).

Asterix in Germany: France's irrepressible Gaul to conquer neighbour

A theme park based on the beloved French comic strip series Asterix is to open in Germany, the first time the adventures of the pugnacious Gaul are to be the focus of an attraction outside France, its operator said on Tuesday.

Most markets rise as US rate cut bets temper Japan bond unease

Stocks mostly rose Tuesday following the previous day's stutter as more weak data helped solidify US interest rate cut optimism and tempered nervousness over rising Japanese bond yields.

Samsung unveils first 'special edition' triple-folding phone

Samsung launched its first triple-folding phone on Tuesday, a special-edition product with an eyewatering price tag placing it out of the reach of the average consumer.

Apple AI chief leaving as iPhone maker plays catch-up

Apple on Monday said the head of its artificial intelligence team is stepping down, and the effort is to be led by a veteran engineer from Google and Microsoft.

Pacific island office enabling sanctions-busting 'shadow fleets'

Dozens of oil tankers suspected of smuggling contraband crude for Russia and Iran have been using a beachside office in the tropical South Pacific to cover their tracks, an AFP analysis of sanctions data has revealed.

Ukraine's Zelensky eyes Trump talks after 'progress'

Ukrainian President Volodymyr Zelensky said Monday he expected to discuss "key issues" with Donald Trump as the American-led push to end Russia's war on Ukraine accelerated, with the US president's envoy heading to Moscow.

US to zero out tariffs on UK pharma under trade deal

The United States on Monday exempted British pharmaceuticals from import tariffs under a unique deal which sees the UK increase spending on American drugs by 25 percent.

In contrast to Europe, Tesla sets sales records in Norway

Tesla has sold more cars in Norway in 11 months than any other brand in a whole year, according to statistics published on Monday, in contrast to the rest of Europe where the electric car brand run by Elon Musk has faced headwinds.

Airbus confirms 'quality issue' on A320 panels

European plane-maker Airbus said Monday it had detected a "quality issue" affecting metal panels on its popular A320 passenger jet but the problem was "contained".

UK withdraws loan for Mozambique gas project

Britain's government said Monday it would no longer provide TotalEnergies with a loan for a gas project in Mozambique that the French group halted over a jihadist attack.

Stocks mixed as traders eye US data for Fed signals

Stock markets diverged Monday as investors awaited key US data that could play a role in Federal Reserve deliberations ahead of an expected cut to US interest rates next week.

Zelensky meets Macron to shore up support for Ukraine as Trump optimistic

Ukrainian President Volodymyr Zelensky meets French counterpart Emmanuel Macron in Paris on Monday, seeking to shore up European support as US President Donald Trump expressed optimism of a deal to end Russia's war in Ukraine.

How Australia plans to ban under-16s from social media

Australia will soon ban under-16s from the likes of Facebook and TikTok, a world-first move of huge interest to all those worried about the harms of social media.

Asian markets mixed as traders eye US data ahead of Fed decision

Asian equities were mixed Monday with investors awaiting the release of key US data that could play a role in Federal Reserve deliberations ahead of an expected interest rate cut next week.

Trump officials host crucial Ukraine talks in Florida

US Secretary of State Marco Rubio kicked off high stakes talks with a Ukrainian delegation in Florida on Sunday, as the United States pushes to end Russia's war against its neighbor.

OPEC+ reaffirms planned pause on oil output hikes until March

OPEC nations and oil-producing allies reaffirmed Sunday plans to keep current oil output levels unchanged until March, and agreed a mechanism to assess members' maximum production capacity, without giving any details.

Long-lost Rubens 'masterpiece' sells for almost 3 mn euros

A long-lost painting by 17th-century Flemish master Peter Paul Rubens sold at auction in France on Sunday for almost three million euros -- well beyond its asking price.

Kyrgyzstan vote in polls set to hand president more power

Kyrgyzstan began voting Sunday in a snap parliamentary election that featured no formal parties or opposition and that critics say will cement the power of President Sadyr Japarov.

Australia arrests dozens in coal port protest

Australian police said Sunday they had arrested dozens of people during climate protests that claim to have halted two cargo ships at one of the world's biggest coal export ports.

'End of an era': MTV pulling plug on global music channels

MTV kick-started a new era of music and pop culture in 1981, when it went on air for the first time, emblematically playing "Video Killed the Radio Star" as its debut music video.

Electric vehicle prowess helps China's flying car sector take off

A worker in white gloves inspects the propellers of a boxy two-seater aircraft fresh off the assembly line at a Chinese factory trialling the mass production of flying cars.

OPEC+ likely to maintain current output levels

Ministers of the Organization of the Petroleum Exporting Countries and allied nations (OPEC+) are expected to keep current output levels unchanged when they meet for online meetings on Sunday, analysts told AFP.

Paris's arthouse cinemas adapt to battle decline

Paris is one of the world's arthouse cinema hotspots, but falling attendance levels mean beloved independent operators must innovate and invest to survive.

Air travel disrupted over Airbus A320 software switch

More airlines around the world announced delayed or cancelled flights Saturday following an Airbus alert that up to 6,000 A320 aircraft may require upgrades.

How successful has OPEC+'s oil output policy been in 2025?

Ministers of the Organization of the Petroleum Exporting Countries and allied nations (OPEC+) are unlikely to make changes to their oil output strategy when they discuss production at an online ministerial meeting on Sunday.

Inch by inch: the search for Mexico's disappeared in a city cemetery

Elizabeth Alvarez has been searching for her brother since 2013, when the 31-year-old left his home to run an errand in Mexico City.

Stocks rise in thin post-Thanksgiving trading

Global stocks mostly rose Friday, extending a positive winning streak based in part on expectations that the Federal Reserve will cut interest rates again next month.

Crowds, bargains greet US shoppers on 'Black Friday'

The annual "Black Friday" kickoff to the US holiday shopping season drew crowds Friday as millions of Americans seized on the time-tested custom at physical stores and through e-commerce.

Air travel faces disruptions over A320 software switch

Air passengers have been warned of potential travel disruptions following an Airbus alert on Friday that up to 6,000 operational A320 aircraft may require upgrades.

Coin Press - Economy (English)