Coin Press - Economy

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Cuba state energy firm reports new nationwide blackout

Cuba's power grid failed Sunday, causing another nationwide blackout, a state utility said in a social media post.

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.

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Brazil, other nations agree to quadruple sustainable fuels

Brazil, India, Italy and Japan vowed Tuesday to quadruple their production and consumption of renewable fuels, hoping other countries will join the pledge during UN climate talks in November.

Trump threatens to end cooking oil purchases from China

US President Donald Trump slammed China's halt of American soybean purchases as an "economically hostile act," warning Tuesday that his country could in turn stop buying cooking oil from the world's second-biggest economy.

Strong dealmaking boosts profits at US banking giants

Robust dealmaking activity and strong trading results helped boost US bank earnings Tuesday despite lingering worries about a softening job market and a potentially overvalued stock market.

French telecoms join forces to break up embattled SFR

Three of France's main telecom groups said Tuesday they lodged a joint bid for SFR, a debt-laden rival struggling to keep up in an increasingly competitive market.

Myanmar scam centres booming despite crackdown, using Musk's Starlink: AFP investigation

Scam centres in Myanmar blamed for swindling billions from victims across the world are expanding fast just months after a crackdown that was supposed to eradicate them, an AFP investigation has found.

China, EU stand firm on shipping emission deal despite US threats

China, the European Union and several other members of the International Maritime Organization reaffirmed their support on Tuesday for ambitious plans to cut shipping emissions, despite US threats.

Celebrated soul musician D'Angelo dead at 51: US media

Celebrated soul musician D'Angelo has died at the age of 51 after battling pancreatic cancer, several US media outlets reported Tuesday.

US Fed chair flags concern about sharp slowdown in job creation

US Federal Reserve Chair Jerome Powell warned Tuesday that risks to employment had risen in recent months, noting there had been a sharp slowdown of job creation in the world's leading economy.

Chipmaker Nexperia says banned from exporting from China

Chipmaker Nexperia said Tuesday the Chinese government had banned it from exporting goods from China, after Dutch authorities seized control of the Netherlands-based firm citing management concerns.

Europe's economic integration 'insufficient': IMF chief economist

The EU's attempts to integrate the economies of its 27 member states have been insufficient to boost lackluster growth, the IMF's chief economist said in an interview.

At secluded German airport, researchers tackle tricky drone defence

Once holidaymakers took off from here, but today an ex-Soviet airfield is a testing ground for ways to take down the drones increasingly buzzing through German skies.

China sanctions five US units of South Korean ship giant Hanwha

China imposed sanctions on five American subsidiaries of South Korean shipbuilder Hanwha Ocean on Tuesday, accusing them of supporting a US government investigation into the shipping industry, as tit-for-tat port fees took effect.

$Sting finds fractured modern music scene 'quite odd'$

Sting finds fractured modern music scene 'quite odd'

British singer-songwriting legend Sting finds the multiple genres and streaming platforms of the modern music scene "quite odd", but still believes in the power of song to unite people.

Purrno Noir? New Zealand company sells non-alcoholic wine for pets

After a long day patrolling the neighbourhood or protecting the house, pets in New Zealand have a new way to unwind -- non-alcoholic wine.

Asian stocks pare tariff-led losses, Tokyo hit by political turmoil

Most Asian stocks rose Tuesday, tracking a rally on Wall Street, after Donald Trump tempered his rhetoric against China, which he has threatened with 100 percent tariffs, while Tokyo struggled amid Japanese political turmoil.

After uprising, Nepal's Gen Z rush to register to vote

In Nepal's capital, young would-be voters line up enthusiastically to register for the first elections since deadly anti-corruption protests toppled the government, the worst unrest in decades.

Black gold, green promises: Brazil's climate paradox

Can oil, the climate villain, be used to pay for its own demise?

Madagascar's cornered president ignores calls to resign

Madagascar's embattled President Andry Rajoelina said Monday he was sheltering in a "safe place" following an attempt on his life, ignoring calls to resign after spiralling unrest that has forced him into hiding.

Wall Street stocks bounce after Trump-fueled slide

Wall Street stocks rebounded Monday from steep pre-weekend falls as US President Donald Trump softened his posture on China following earlier threats of large tariffs.

Nobel economist warns of AI dangers

A winner of this year’s Nobel prize in economics warned Monday that artificial intelligence offers "amazing possibilities" but should be regulated because of its job-destroying potential.

California enacts first US law requiring AI chatbot safety measures

California governor Gavin Newsom on Monday signed into law a first-of-its-kind law regulating artificial intelligence chatbots, defying a push from the White House to leave such technology unchecked.

SpaceX to launch Starship test flight Monday

SpaceX is set to attempt the next test flight of its massive Starship rocket on Monday, as concerns grow that Elon Musk has overpromised his company's ability to deliver NASA's lunar projects and fulfill his own Mars ambitions.

Wall Street stocks bounce after Trump-fuelled slide

Wall Street stocks rebounded Monday after heavy pre-weekend falls as US President Donald Trump reignited his trade war with China.

Wall Street stocks rebound after Trump-fuelled slide

Wall Street stocks rebounded Monday after heavy pre-weekend falls as US President Donald Trump reignited his trade war with China.

IMF meetings to start under fresh cloud of US-China trade tensions

The IMF and World Bank's semi-annual gathering of finance ministers and central bank governors gets underway in Washington on Monday, against the backdrop of new trade threats from the world's two largest economies.

Europe cannot let US, China be 'technological leaders': Nobel laureate Aghion

One of the winners of this year's Nobel economics prize, France's Philippe Aghion, on Monday warned Europe that it must not let the United States and China dominate technological innovation.

European stocks rebound after Trump-fuelled slide

European stock markets rebounded slightly Monday after heavy pre-weekend falls as US President Donald Trump reignited his trade war with China.

River boat users pay heavy price for DR Congo's dearth of roads

The cemetery in Mbandaka, a river port city in northwestern Democratic Republic of Congo (DRC) is the final resting place of many victims of the country's repeated river boat accidents.

IMF meetings to begin under fresh cloud of US-China trade tensions

China trade beats forecasts in September as tariff fears rise

China's trade grew faster than expected last month, official data showed Monday, though fresh fears are rising of a major escalation in the tariff war between Beijing and Washington.

AI tools 'exploited' for racist European city videos

Daubed in Arabic-looking graffiti, London's Big Ben is shown smouldering above piles of rubbish and crowds dressed in traditional Islamic garb in an AI-generated, dystopian vision of the British capital.

Asian equity markets drop after Trump reignites tariff row

Asian markets sank Monday after US President Donald Trump reignited his trade war with China by threatening last week to impose 100 percent tariffs on goods from the country.

Coin Press - Economy (English)