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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Danish wind giant Orsted to cut workforce by a quarter

Danish offshore wind energy giant Orsted announced Thursday plans to cut 2,000 jobs, or a quarter of its workforce, by 2027 as its business struggles in the United States.

Pope hails role of news agencies in 'post-truth', AI world

Pope Leo XIV Thursday hailed the work of news agencies as a bulwark in an increasingly "post-truth" world, and warned of the dangers of relying on artificial intelligence for information.

Shein's Paris store kicks up a storm in France

Asian e-commerce giant Shein's decision to set up shop in a historic Parisian department store has ruffled feathers in the fashion capital.

Markets diverge tracking AI concerns, Gaza deal

European and Asian stock markets traded mixed Thursday as investors assessed the outlook for the global AI-fuelled rally, Federal Reserve interest rates and the US government shutdown.

Pope Leo puts poor, marginalised centre stage in first major text

Pope Leo XIV called Thursday for the poor and marginalised, including migrants, to be at the centre of the Catholic Church's mission, in the first major publication of his papacy.

Ferrari goes electric with four-seat coupe 'Elettrica'

Ferrari's first electric sports car, to be released next year, will be a four-seat coupe with over 1,000 horsepower and a range of 530 kilometres (329 miles), the company announced Thursday.

French prosecutors seek 12-year term in Gisele Pelicot rape appeal

French prosecutors on Thursday sought a 12-year jail term for the only man among 50 who claims he is innocent after being convicted of sexually abusing Gisele Pelicot.

Markets mixed as traders eye AI rally, US rates and shutdown

Markets were mixed on Thursday as investors tried to assess the outlook for the global AI-fuelled rally, Federal Reserve interest rates and the US government shutdown.

Merz to host German auto sector crisis meeting

Chancellor Friedrich Merz will Thursday host crisis talks with German auto industry leaders in a bid to navigate myriad challenges, from a looming EU combustion-engine ban to growing Chinese competition.

French court to rule in Gisele Pelicot rape appeal trial

A French appeal court is to rule on Thursday in the case of the only man among 50 who claims he is innocent after being convicted of sexually abusing Gisele Pelicot.

Stocks mixed as traders assess AI rally, US rates and shutdown

Asian markets were mixed Thursday as investors tried to assess the outlook for the global AI-fuelled rally, Federal Reserve interest rates and the ongoing US government shutdown.

US faces travel delays as government shutdown wears on

Concerns over flight delays and missed paychecks due to the US government shutdown escalated Wednesday, as senators rejected yet another bid to end the standoff.

Macron to name new French PM within 48 hours

French President Emmanuel Macron will name a new prime minister within the next 48 hours, his office said on Wednesday, after the resignation of outgoing premier Sebastien Lecornu tipped the country deeper into political crisis.

New 'Knives Out' spotlights Trump-era US political landscape

The latest "Knives Out" movie may be another whodunit but the expanding franchise's creator insists he also wanted to confront the current US political climate with the star-studded film.

BBVA, Sabadell clash heats up ahead of takeover deadline

Tensions mounted ahead of the closing on Friday of Spanish banking giant BBVA's hostile takeover bid for smaller national rival Sabadell whose uncertain outcome will be announced on October 17.

Germany raises growth forecasts, but warns reforms needed

Germany's economy will eke out meagre growth in 2025 before picking up speed next year, the government Wednesday said as it raised forecasts, but called for "decisive reforms" for a sustained recovery.

Gold tops $4,000 for first time on political, economic worries

Gold topped $4,000 an ounce for the first time Wednesday as investors flocked to the safe investment on worries over the US government shutdown, France's political crisis and global economic uncertainty.

From refugee to Nobel: Yaghi hails science's 'equalising force'

Born into a family of Palestinian refugees in Jordan with little schooling, Nobel chemistry laureate Omar Yaghi on Wednesday paid tribute to science's "equalising force".

British PM Starmer hails India opportunities after trade deal

British Prime Minister Keir Starmer touted "unparalleled" opportunities opening up in India as he made his inaugural visit to the country on Wednesday, seeking to promote a trade deal signed this summer.

Gold tops $4,000 for first time as safe haven shines

Gold surpassed $4,000 an ounce for the first time Wednesday as investors piled into the safe haven investment over various economic concerns including the US government shutdown.

Gisele Pelicot says 'never' gave consent to accused rapist

Gisele Pelicot, who became a feminist hero in a mass rape trial last year, testified in court on Wednesday, telling the one man who still denies raping her that she "never" gave him her consent.

Child protection vs privacy: decision time for EU

Does protecting children justify snooping on private messages? That is the sensitive question facing EU countries Wednesday as they wrangle over a push to combat child sexual abuse material online.

'Return to elegance': highlights from Paris Fashion Week

A historic Paris Fashion Week has wrapped up after 10 days of Spring-Summer 2026 womenswear shows, featuring many new faces and hailed by critics as marking a "return to elegance".

Gold tops $4,000 for first time as traders pile into safe haven

Gold prices broke $4,000 for the first time Wednesday as investors piled into the safe haven over expectations for US interest rate cuts and worries over the US government shutdown.

Indian garment exporters reel under US tariffs

When Donald Trump was elected, Indian garment exporter R.K. Sivasubramaniam thought the new US president would boost business and invested heavily in anticipation of a boom.

French sex offender Pelicot says man who abused ex-wife knew she was asleep

Dominique Pelicot, one of France's worst sex offenders, took the stand Tuesday to push back against the only man to appeal a conviction for raping Pelicot's ex-wife while she was drugged, saying he knew exactly what he was doing.

EU targets foreign steel to rescue struggling sector

The EU moved Tuesday to double tariffs on foreign steel -- taking a leaf from US President Donald Trump's book to shield the bloc's struggling industry from a flood of cheap Chinese exports.

Pro-Gaza protests flare in UK on anniversary of Hamas attack

Thousands of students protested in London and other UK cities on Tuesday, defying a plea from British Prime Minister Keir Starmer to skip demonstrations on the second anniversary of Hamas's October 7 attack on Israel.

Macron urged to quit to end France political crisis

President Emmanuel Macron was on Tuesday under pressure even from allies to find a rapid solution to France's political deadlock, after his first prime minister and one-time ally urged him to resign for the sake of the country.

Canadian PM visits Trump in bid to ease tariffs

Canadian Prime Minister Mark Carney met President Donald Trump at the White House Tuesday seeking to ease US tariffs that are hitting Canada's economy -- and his popularity at home.

Stocks falter, gold shines as traders weigh political turmoil

Wall Street stocks turned lower Tuesday and gold closed in on $4,000 per ounce as investors weighed the US government shutdown and political turmoil in France.

WTO hikes 2025 trade growth outlook but tariffs to bite in 2026

AI-related goods and a surge in exports to the United States to beat President Donald Trump's tariff hikes boosted global merchandise trade growth this year, the World Trade Organization said Tuesday.

Coin Press - Economy (English)