Coin Press - Economy

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Featured

Indonesian economy comes up for air but struggles to win back investors

Indonesia's economy faces a perfect storm wrought by high energy prices, and while the currency has rebounded slightly, critics warn government policies are unnerving investors at a critical moment.

Trump says US-Iran deal to be signed Sunday, Hormuz to open after

US President Donald Trump said that a deal with Iran to end the war in the Middle East could be signed Sunday, and that the strategic Strait of Hormuz would be "open to all" immediately after.

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Zuckerberg says he feels 'weight' of Meta layoffs

Meta began laying off roughly 8,000 employees Wednesday -- about 10 percent of its global workforce -- as co-founder and Chief Executive Mark Zuckerberg pushes to redirect resources toward an ambitious artificial intelligence agenda.

Musk's SpaceX discloses filing for blockbuster IPO

SpaceX's filing with US regulators was revealed Wednesday, laying out plans for what could become the largest initial public offering in history as Elon Musk's rocket and satellite company seeks to raise up to $75 billion on the public markets.

Iran examining US proposal, as Trump says in 'final stages' of talks

Iran said on Wednesday it was examining the latest US proposal received from mediator Pakistan in talks to end the Middle East war, despite the two sides trading threats over resuming attacks.

Airbnb expands into hotels, cars, groceries

Airbnb, facing tighter local regulations on short-term home rentals, announced Wednesday it is adding boutique hotels, car rentals and grocery delivery to its app in a bid to transform itself into a one-stop travel shop.

Opposition backlash as Macron's choice gets nod for central bank

French lawmakers on Wednesday narrowly approved President Emmanuel Macron's ex-chief of staff as central bank governor, as the far-right opposition accused the outgoing head of state of seeking to freeze it out from key institutions.

Boss of Germany's Commerzbank cheered as she slams UniCredit advances

German lender Commerzbank's boss was applauded at a shareholder meeting Wednesday as she slammed Italian bank UniCredit's hostile takeover bid, while staff outside the venue protested against any potential merger.

French presidential candidate Philippe targeted in embezzlement probe

French investigators are probing allegations of embezzlement involving high-profile presidential candidate Edouard Philippe over the allocation of a digital hub contract in the northern port city of Le Havre where he is mayor, prosecutors have said.

Samsung union says South Korea strike on hold 'until further notice'

Samsung Electronics workers' union said late Wednesday that a planned strike had been put on hold until further notice after negotiations with management resumed with the participation of Seoul's labour minister.

UK inflation drops ahead of expected war-fuelled jump

Britain's annual inflation rate fell more than expected in April, largely due to a drop in energy prices in the months before the Middle East war, official data showed Wednesday.

Alibaba unveils new AI chip as Nvidia access remains stalled

Tech giant Alibaba released on Wednesday a new artificial intelligence chip it said performed three times as well as its predecessor, showcasing growing domestic chipmaker prowess as US titan Nvidia struggles for access to China.

Oil retreats, stocks rise on cautious Mideast war hopes

Oil prices slid and European stock markets advanced Wednesday after a South Korean tanker passed through the Strait of Hormuz, easing concerns about the apparent impasse between the US and Iran on ending the war in the Middle East.

UK climate advisers urge setting maximum working temperature

Climate change experts urged the UK to set maximum temperature rules for workplaces and adapt hospitals and schools to a warming planet in a report published Wednesday.

Stellantis signs Europe joint venture with China's Dongfeng

Jeep and Fiat owner Stellantis said Wednesday that it had formed a joint venture with China's Dongfeng to share manufacturing, sales and engineering operations in Europe.

Samsung, union resume negotiations with minister mediating

Samsung Electronics and its workers' union resumed talks Wednesday with South Korea's labour minister mediating, after earlier talks aimed at averting a strike collapsed.

DR Congo fishermen resort to trawling plastic waste

The mighty Congo River feeds millions of people along its course through the vast Democratic Republic of Congo but fishermen near the capital now find more plastic than fish in their nets.

Union calls strike at South Korea chip giant Samsung Electronics

A planned strike at South Korean chip giant Samsung Electronics will go ahead from Thursday, its union said, after talks on bonus payouts collapsed, raising concerns over a disruption to the country's key semiconductor industry.

Union calls strike at S. Korea chip giant Samsung Electronics

The labour union at South Korean chip giant Samsung Electronics said Wednesday it would launch a planned strike after talks over bonus payouts collapsed.

Asia stocks slide on inflation fears as yields surge

Asian markets fell Wednesday as surging bond yields and stubborn inflation concerns knocked an investor confidence already shaken by US President Donald Trump's renewed threats of striking Iran.

Under Trump pressure, EU agrees to implement US trade pact

EU lawmakers and member states reached a deal in the early hours of Wednesday to implement the bloc's nearly year-old trade pact with the United States, with President Donald Trump threatening new tariffs unless it is done by July 4.

US enforces law to crack down on sexual deepfakes

The United States on Tuesday began enforcing a law requiring tech platforms to remove sexual deepfakes and other non-consensual intimate imagery, but experts warned of shortcomings and raised online censorship concerns.

New York art auctions roar back with blockbuster sales

With record prices for Jackson Pollock, Constantin Brancusi and Mark Rothko, New York's spring auctions are soaring, confirming a trend that began in late 2025: blockbuster sales are back.

Under Trump pressure, EU seeks deal to end trade standoff

The EU headed into late-night talks Tuesday seeking a deal towards implementing its nearly year-old trade pact with the United States -- with an impatient President Donald Trump threatening steep new tariffs unless it is done by July 4.

Airbus seeks to cut peripheral expenses due to Mideast war

European aviation giant Airbus has asked its teams to cut "non-essential expenses" by 10 percent due to turbulence following the Middle East war, according to a document seen by AFP.

Oil dips, stocks mixed after Trump holds off on Iran attack

Oil prices eased Tuesday but remained above $100 a barrel while stocks wavered as investors tracked a potential deal between the US and Iran to end a war that has sent energy prices soaring.

France says G7 finance talks 'frank, sometimes difficult'

France's finance minister acknowledged Tuesday that two days of talks among leading global economies were "sometimes difficult", even as the group agreed a statement committing to multilateral cooperation in combatting growing economic risks.

Stocks rise, oil dips after Trump holds off on Iran attack

Stock markets mostly rose Tuesday as investors tracked easing oil prices and cautious optimism over a potential deal between the US and Iran to end a war that has sent energy prices soaring.

Germany starts sale of bailed-out energy firm Uniper

Germany had started the process to sell most of its stake in energy giant Uniper, the government said Tuesday, more than three years after nationalising the company following its near collapse amid the Ukraine war.

Germany starts sales process for bailed-out energy firm Uniper

Tech stocks retreat, oil dips after Trump holds off on Iran attack

Asian markets wavered Tuesday, with tech stocks leading losses as investors tracked easing oil prices and cautious optimism over a potential US-Iran deal.

Stellantis joins race to build mini-EVs for Europe

Stellantis, owner of the Jeep and Fiat brands, announced Tuesday that it would start building smaller, low-cost electric cars for the European market, where demand for clean-energy vehicles has fallen short of automakers' hopes.

Japan economy grows faster than expected in first quarter

Japanese economic growth surpassed expectations at the start of 2026, official data showed on Tuesday, but Prime Minister Sanae Takaichi is mulling an extra budget as concerns grow over inflation due to the Middle East war.

China market for Nvidia AI chips to open 'over time': Huang

Nvidia boss Jensen Huang expects China to eventually open its market to high-end US chips that can train and run artificial intelligence systems.

Coin Press - Economy (English)