Coin Press - Economy

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Featured

Four Al-Fayed survivors told they were trafficking victims

Four women who allege abuse by late Harrods owner Mohamed Al-Fayed were confirmed as victims of human trafficking by the UK's interior ministry, a group representing the survivors told AFP on Monday.

Trump says US support for Japanese yen a 'signal of friendship'

President Donald Trump on Sunday confirmed that the United States had intervened to support the Japanese yen, calling the move a "signal of friendship" that would financially benefit the US and world economy.

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French court gives Algerian woman life sentence for murdering schoolgirl

A French court on Friday sentenced an Algerian woman accused of raping, torturing and murdering a schoolgirl in Paris to life imprisonment without possibility of early release -- making her the first woman to receive this maximum punishment.

Stocks rise on US inflation data, US-China trade hopes

Stock markets broadly advanced Friday after US inflation data bolstered expectations the Federal Reserve would again cut interest rates next week, with fresh optimism over US-China trade relations further boosting confidence.

Spain probes steelmaker for alleged trading with Israeli arms firm

Spain's top criminal court said Friday it had opened an investigation into executives at steelmaker Sidenor for alleged complicity in crimes against humanity or genocide for trading with an Israeli arms company.

US September consumer inflation rose less than expected, delayed data shows

US consumer inflation continued to heat up last month, but by less than expected, according to official data published nine days late on Friday due to the ongoing government shutdown.

Trump says all Canada trade talks 'terminated' over 'fake' ad

US President Donald Trump on Friday doubled down on his decision to end trade talks with Canada over an anti-tariff advertising campaign, a sudden about-face soon after a cordial White House meeting with Prime Minister Mark Carney.

China vows massive high-tech sector development in next decade

China will develop its high-tech sector on a massive scale in the next decade, top officials vowed Friday, a day after meetings on the country's future policy priorities concluded in Beijing.

French government faces threat of censure over wealth tax

A swing group in French parliament on Friday said that if a 2026 budget bill was not changed to include a tax on the supremely wealthy, it would vote down the government.

Stocks diverge tracking US-China trade progress

European stock markets dipped Friday following solid gains in Asia as investors reacted to fresh optimism over US-China trade relations and as they awaited US inflation data delayed by a government shutdown.

EU accuses Meta, TikTok of breaking digital content rules

The EU accused Meta and TikTok on Friday of breaking the bloc's digital content rules, putting the companies at risk of hefty fines.

Stocks rally as traders cheer Trump-Xi meeting plan

Most stock markets rallied Friday after the White House confirmed President Donald Trump would meet China's Xi Jinping next week, stoking optimism for a cooling of trade tensions between the economic superpowers.

China, US 'can find ways to resolve concerns' as negotiators set to meet

Beijing and Washington "can totally find ways to resolve each other's concerns", China's commerce minister said Friday, as officials from both sides were set to meet in Malaysia for trade talks.

New Japan PM vows to take US ties to 'new heights' with Trump

Japan's new Prime Minister Sanae Takaichi said Friday she will bring US ties to "new heights" in talks with President Donald Trump, while taking a swipe at China and vowing a stricter stance on foreigners.

Ivorian brothers dream of transforming cocoa industry

In a factory in southern Ivory Coast, where machines hum to produce chocolate bars and spreads, twin brothers dream of becoming "giants of cocoa processing".

False claim spreads of Japan 'mass deportations' ministry

False claims that Japan's new prime minister has created a ministry for "mass deportations" have been widely spread online, as immigration misinformation swirls after a "Japanese first" party did well in elections earlier this year.

Alaska Airlines grounds entire fleet over IT outage

Alaska Airlines said Thursday it had temporarily suspended all flights due to a tech outage, three months after a similar incident.

Rebuilding wrecked Syria vital for regional stability: UN

After 14 years of destruction, Syria must be swiftly rebuilt to bring stability to the country and the wider region, a top UN official in the war-ravaged nation told AFP.

Asian stocks rally as traders cheer Trump-Xi meeting plan

Asian markets rallied Friday after the White House confirmed President Donald Trump would meet China's Xi Jinping next week, stoking optimism for a cooling of trade tensions between the economic superpowers.

Japan inflation rises as new PM eyes economic package

Japanese inflation accelerated last month, official data showed Friday, ahead of a maiden policy speech by new Prime Minister Sakae Takaichi who has promised to ease pressure on households.

EU leaders lay out conditions for emissions target deal

EU leaders launched a final sprint Thursday to agree on a 10-year target to cut carbon emissions ahead of a key UN climate conference, laying out conditions including leaving the door open to future revisions.

Anthropic announces massive AI chip deal with Google

Artificial intelligence giant Anthropic said Thursday it was expanding its use of Google cloud computing and specialized chips in a deal worth tens of billions of dollars.

White House warns of chaos at US airports as shutdown drags

US President Donald Trump's administration sounded the alarm Thursday over potential turmoil at airports as the government shutdown threatens to drag into November, warning of ruined holiday plans for millions of Americans.

UK court rules Apple abused App Store dominance

Apple lost a UK lawsuit Thursday which accuses the US tech giant of abusing the dominant position of its App Store, with claimants seeking more than £1.5 billion ($2 billion) in damages.

Trump pardons Binance co-founder Changpeng Zhao

US President Donald Trump has pardoned the convicted Binance co-founder Changpeng "CZ" Zhao, the White House said Thursday, accusing Trump's predecessor Joe Biden of launching an unnecessary "war" against the industry.

Klein blue monochrome sells for $21 million in French record for artist

A blue monochrome by French artist Yves Klein sold for 18.4 million euros (more than $21 million) on Thursday, auction house Christie's said, the most a Klein painting has ever sold for in France.

American Airlines reports smaller loss, sees travel demand improving

American Airlines reported a smaller than expected loss Thursday, pointing to robust travel demand from wealthier customers that has offset weakness among lower-income consumers.

France's government suspends pensions reform in new budget bill

France's government on Thursday moved to delay the application of a controversial 2023 pensions reform, but sparked criticism for seeking to pay for it with increased health insurance taxes and frozen pensions.

Republicans warn of chaos at US airports as shutdown drags

Republicans sounded the alarm Thursday over potential turmoil at US airports as the government shutdown threatens to drag into November, warning of ruined holiday plans for millions of Americans.

Gender-row boxer Lin wins gold in first event since Paris Olympics

Taiwanese Olympic boxing champion Lin Yu-ting won gold on her return to the ring following the gender row that exploded at the 2024 Paris Games, her coach told AFP Thursday.

Oil prices surge as Trump hits Russian crude with sanctions

Oil prices surged more than five percent Thursday after US President Donald Trump targeted Russia's key oil industry with new sanctions in a bid to end the war in Ukraine.

Oil spikes as Trump targets Russia giants, US-China hopes lift stocks

Crude prices spiked more than two percent Thursday after US President Donald Trump said he would impose heavy sanctions on two Russian oil companies.

Indonesia, Brazil strike cooperation deals as leaders meet

Indonesia and Brazil agreed to boost ties and struck a series of agreements on Thursday as their leaders met in Jakarta, with Southeast Asia's biggest economy looking to make further inroads into South American markets.

Oil and gas majors stick to their guns on climate advertising

Oil and gas companies have increasingly come under legal attack over their role in contributing to global warming, yet unlike other industries that face tougher regulations they have not abandoned their climate marketing claims.

Coin Press - Economy (English)