Coin Press - Economy

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Featured

Oil prices sink on Iran hopes, yen gains after joint intervention

Oil prices tumbled on 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 join forces to boost yen

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.

Last news

Italy working hard to prevent extra US tariffs on pasta

Italy has appealed to Washington and the European Commission in an attempt to dissuade the US from imposing a punitive tariffs on pasta imports, a deeply unpopular measure among producers.

Opec+ plus to raise oil production by 137,000 barrels a day in November

Saudi Arabia, Russia and six other members of Opec+ on Sunday decided to raise their production quotas by 137,000 barrels per day in November, as they continue to push for greater market share.

OPEC+ meets with future oil production hanging in the balance

Saudi Arabia, Russia and six other key members of the OPEC+ alliance are likely to agree to raise crude output when they meet virtually on Sunday, with analysts divided over the size of the expected hike.

French air traffic controllers cancel three-day strike

French air traffic controllers have called off a three-day strike that threatened to disrupt European skies next week, a top union said on Saturday.

Flights resume at Munich airport after second drone scare

Flights resumed "progressively" on Saturday at Munich airport, but delays were expected after a drone scare caused a second shutdown in as many days, affecting over 6,500 passengers, the operator said.

'I found hell': the women ensnared in Albania's global sex trade

From Venezuela, Maria travelled halfway around the world in search of a better life. Instead, the mother of two was trapped in Albanian detention for months after being lured into illegal sex work.

Swedes stock up on food as fears of war deepen

Swedes are stocking up on food items in case of war, as more conflict in Europe no longer feels like a distant possibility and authorities encourage measures to boost readiness.

US government shutdown to drag into next week

The US government shutdown is set to stretch into next week after senators voted Friday for a fourth time to reject a funding fix proposed by President Donald Trump's Republicans.

AI in an 'industrial bubble' but will benefit society: Bezos

Artificial intelligence technology is in an "industrial bubble," Amazon founder Jeff Bezos told a tech conference in Italy on Friday, but the benefits to society will be "immense".

Munich airport closure 'wake-up call' on drone danger: govt

German Interior Minister Alexander Dobrindt said Friday the temporary closure of Munich airport after drone sightings was a "wake-up call" on the threat from drones, which have caused a string of similar disruptions across Europe.

Mass protests, strikes in Italy for Gaza

Hundreds of thousands of people protested across Italy on Friday during a large-scale strike over the treatment of the Gaza aid flotilla and far-right Prime Minister Giorgia Meloni's cautious stance on the conflict.

Stocks rise on AI optimism, US rate-cut hopes

Stock markets struck fresh records on Friday, driven by investor optimism over artificial intelligence and US rate-cut hopes, which overshadowed concerns about a government shutdown dragging on.

'First of its kind' power surge behind Iberia blackout: experts

A power surge that caused a paralysing blackout across all of Spain and Portugal in April was an unprecedented event in Europe and possibly the world, but the root cause remains unknown, an expert panel said Friday.

US delays key jobs report due to government shutdown

The United States suspended the publication of a key employment report Friday as a partial government shutdown entered its third day, casting a fog over the health of the world's biggest economy.

Madagascar's president denounces 'coup' attempt in day of fresh protests

Madagascan President Andry Rajoelina condemned on Friday what he said was an attempt to topple his government as fresh protests flared against the political elite and years of misrule.

Stocks gain on AI optimism, US rate-cut hopes

Stock markets mostly rose Friday driven by investor optimism over AI and US rate-cut hopes, which overshadowed concerns about a government shutdown dragging on.

Carrefour name disappears from Arab stores as Israel boycotters claim victory

The Carrefour name has disappeared from storefronts in some Arab countries, with pro-Palestinian shoppers and activists hailing the shift as a victory for their boycott of brands perceived as being linked to Israel.

Russia-linked tanker stopped by France resumes voyage: vessel trackers

A tanker from Russia's "shadow fleet" detained by the French navy was heading towards the Suez Canal Friday with its captain back on board, according to data from maritime websites and a source close to the case.

Spain's Benidorm embraces its Franco-era mass tourism model

Fifty years after General Francisco Franco's death, Benidorm still clings to the mass tourism model it pioneered under his dictatorship, even as protests against overtourism sweep other Spanish holiday hotspots.

Munich airport resumes flights after drone sightings trigger closure

Germany's Munich airport restarted flights on Friday after several drone sightings forced its closure overnight, the latest in a string of similar aviation disruptions across Europe.

Munich airport halts flights after drone sightings

Germany's Munich airport halted flights after several drone sightings, a police spokesperson told AFP early Friday, the latest in a string of similar aviation disruptions across Europe.

Tech fans Tokyo rally on broadly positive day for Asian markets

A surge in tech firms helped Tokyo's Nikkei lead most Asian equities higher on Friday as investors headed into the weekend on a broadly positive note, with US rate-cut hopes out-muscling concerns about a government shutdown.

Virtual Jesus? People of faith divided as AI enters religion

Artificial intelligence, the technology upending nearly every corner of society, is creeping into religion, serving up virtual Jesus and automated sermons -- a change drawing mixed reviews from the faithful.

US farmers hit by trade war to get 'substantial' aid: Treasury chief

US Treasury Secretary Scott Bessent signaled Thursday that "substantial support" for farmers would be announced next week, particularly for those growing soybeans, as they struggle with fallout from President Donald Trump's trade conflicts.

US stocks end at records as government shutdown drags on

Wall Street stocks finished at fresh records again Thursday as a US government shutdown dragged into a second day.

US Treasury chief says 'fully prepared' to support struggling Argentina

US Treasury Secretary Scott Bessent said Thursday that his agency was "fully prepared to do what is necessary" in support of Argentina, a week after revealing both sides were in talks over an economic aid program.

Tech stocks fuel Asian and European gains, Wall Street wobbles

A surge in tech stocks helped fuel gains in Asia and Europe, but Wall Street wobbled as a partial US government shutdown entered a second day.

Tesla car sales lifted by end of US electric auto tax credit

Tesla reported higher global third-quarter auto deliveries on Thursday, joining a broad slate of automakers seeing a surge in electric vehicles ahead of the phaseout of a US tax credit.

Error 404: 48 hours of confusion in Afghanistan during internet blackout

Paralysed banks, grounded planes and chaotic hospitals: for two days, life ground to a halt in Afghanistan after the Taliban unexpectedly cut off the internet and phone networks.

France to try Chinese captain of Russia 'shadow fleet' vessel

A French court is to try the Chinese captain of a tanker from Russia's "shadow fleet" early next year, prosecutors said Thursday, after it was intercepted off the coast of France.

Germany reviews warship order after delays

Berlin said Friday it was reviewing a major warship order that has faced lengthy delays, as reports suggested a German group might take over the project from a Dutch shipbuilder.

Stock markets surge on tech rally, US rate hopes

Equities jumped Thursday thanks to gains in tech stocks and as weak US jobs data fanned optimism for more interest rate cuts, outweighing concerns over a partial government shutdown.

Coin Press - Economy (English)