Coin Press - Economy

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Featured

Oil prices sink on Middle East hopes, yen extends gains after joint intervention

Oil prices tumbled Monday as Donald Trump said fresh talks with Iran will begin later in the day, while the yen extended gains after US and Japanese officials confirmed a rare joint intervention to prop up the currency.

US, Japan support yen with first joint intervention since 2011

Japan and the United States said Monday they were ready to act again following their first joint action in 28 years to boost the yen, after the beleaguered currency hit a four-decade low.

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Phony AI content stealing fan attention during baseball playoffs

Baseball fans are facing an onslaught of phony AI content on Facebook, pushed by a clickbait network in Southeast Asia capitalizing on interest in the lead-up to the sport's World Series, an AFP investigation has found.

Bangladesh probes cause of massive airport fire

Bangladeshi traders on Sunday assessed heavy losses after a devastating fire tore through the cargo complex of the country's main international airport, as the government opened an investigation into possible arson.

Ivory Coast 'returnees' rebuild lives at home

In the Ivory Coast town of Daloa, tales like Marie Godo's of dreams shattered overseas are common.

Border order: Geneva schools kick out Swiss kids living in France

Swiss families priced out of Geneva and forced to live just across the border in France are reeling from another blow: their children are now being elbowed out of Genevan schools.

Withering vines: California grape farmers abandon fields as local wine struggles

For more than a century, Lodi's grape growers have supplied the old wineries that make this Californian city famous. But rocketing costs, falling demand and competition from imports mean some are now abandoning their vineyards.

Pope Leo visits 'school of peace' sailing the Mediterranean

Arm in arm, young people of different faiths perform the dabke, an Arabic folk dance, in the Italian port of Ostia, elated by a visit from Pope Leo XIV.

Air China flight safely diverted to Shanghai after battery fire in cabin

A commercial passenger flight operated by Air China was safely diverted to Shanghai on Saturday after a battery stowed in a passenger's carry-on luggage caught fire, the airline said.

Anti-Trump protesters fire arrows at Colombian police, injuring four

Four police officers in Colombia's capital were injured Friday after protesters outside the US embassy fired arrows and explosives during a rally against President Donald Trump's policies, officials said.

US court bars NSO Group from installing spyware on WhatsApp

A US judge on Friday granted an injunction barring Israeli spyware maker NSO Group from targeting WhatsApp users but slashed a $168 million damages award at trial to just $4 million.

John Bolton: national security hawk turned Trump foe

John Bolton has spent decades navigating the halls of power in Washington, earning a reputation as a leading foreign policy hawk.

Argentine peso drops against dollar despite US backing

Argentines scrambled Friday to buy dollars and household items as the peso depreciated against the greenback, despite multi-billion dollars of US support for the under-pressure currency.

US stocks bounce back as Trump softens China trade tone

Wall Street stocks bounced back Friday following conciliatory signals from Washington towards Beijing on trade while worries about regional banks receded.

In Argentine farm town, Milei mania fizzles

For clues as to why Argentina's President Javier Milei faces a potential drubbing in next week's mid-terms, look no further than San Andres de Giles, a farming town set amid wheat fields two hours from Buenos Aires.

US Fed official urges caution but says could back October cut

A senior member of the US Federal Reserve on Friday indicated he could back another interest rate cut later this month, while urging a meeting-by-meeting approach going forward.

US Treasury chief to speak with China counterpart as tensions flare

US Treasury Secretary Scott Bessent is set to speak Friday with Chinese Vice Premier He Lifeng, an official from President Donald Trump's administration told AFP -- as Washington works to rally allies to respond to Beijing's rare earth curbs.

Stocks slide even as fears over banks, trade war ease

Global stocks mostly fell Friday even as concerns over bank loans and an escalation in the US-China trade war eased.

US stocks rise as fears over banks, trade war ease

US stock markets rose Friday as concerns over bank loans and an escalation in the US-China trade war eased.

US puts plan to cut ship emissions in troubled waters

An international plan to cut emissions from ships hung in the balance on Friday as the United States urged countries to reject it and oil producers pushed for a delay.

Dozens injured at state funeral for Kenya opposition leader Odinga

Dozens were injured, many seriously, at the state funeral of Kenya's revered opposition leader Raila Odinga on Friday as crowds rushed to see his coffin, AFP journalists saw.

Stocks retreat as US credit fears pile on pressure

European and Asian stock markets Friday tracked losses on Wall Street as fresh credit market fears compounded worries about trade tensions, a possible tech bubble and the US government shutdown.

Ex-McLaren boss could take the wheel at Porsche

The ex-head of British supercar brand McLaren could take over as Porsche CEO, said the German sports car maker Friday, which is struggling with weak demand and a troubled EV shift.

Caracas records 8.7 pct growth but Venezuelans lament economic woes

Venezuela's economy grew by 8.7 percent in the third quarter, the country's central bank announced Thursday, but residents told AFP they are still struggling to make ends meet.

Stock markets fall with Wall St as US credit fears add to worries

Asian and European stocks tracked losses on Wall Street on Friday amid fresh credit market fears that compounded worries about trade tensions, a possible tech bubble and the US government shutdown.

Polish teens study in first drone class overseen by military

At a Polish military school, teenagers in military-style uniforms crowded around a 15-year-old classmate, pushing him to "search for Russians," as he hunted for targets on a drone simulator.

Maritime sector to decide on plan to cut emissions opposed by US

Member states of the International Maritime Organization will decide on Friday whether to formally adopt a plan to cut carbon emissions in the face of opposition from the United States.

Indonesia growth push sparks fight on deforestation, rights

An "eco-city", a mining complex, and a massive project to grow food and fuel are all part of an Indonesian growth drive that activists allege is causing deforestation and dispossession.

Nearly 900 mn poor people exposed to climate shocks, UN warns

Nearly 80 percent of the world's poorest, or about 900 million people, are directly exposed to climate hazards exacerbated by global warming, bearing a "double and deeply unequal burden," the United Nations warned Friday.

Asian stocks fall with Wall St as US credit fears add to worries

Asian stocks tracked losses on Wall Street on Friday amid fresh credit market fears that compounded worries about trade tensions, a possible tech bubble and the US government shutdown.

China's economic growth slowed to 4.8% in third quarter: AFP poll

China's economy likely grew at its slowest pace in a year last quarter, according to an AFP survey, dragged down by lacklustre demand and a crisis in the crucial property sector, compounded by a trade war with the United States.

US stocks fall as regional bank angst adds to list of worries

Wall Street stocks fell Thursday on fears that private credit problems may weigh on US regional banks, adding to concerns about trade tensions and a government shutdown.

Europe 'well positioned' for future shocks: ECB's Lagarde

Europe, under pressure from US tariffs and the war in Ukraine, is in a strong position to weather the next economic storm, ECB President Christine Lagarde said Thursday.

'Battlefield' video game sees big-time sales

The latest installment of military video game "Battlefield" hit the market with sales rivaling that of blockbuster rival "Call of Duty," publisher Electronic Arts (EA) announced on Thursday.

Coin Press - Economy (English)