Coin Press - Economy

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Featured

With Trump administration watching, Canada oil hub faces separatist bid

On a frigid night in Canada's oil capital, Jordan Fritz joined a rally of thousands for a separatist movement once considered a sideshow, but which is now drawing interest from US President Donald Trump's administration.

What are the key challenges awaiting the new US Fed chair?

Federal Reserve chief Jerome Powell's successor could be named as soon as next week, President Donald Trump said Thursday, setting the stage for a major shift in the US central bank's leadership.

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Trump admin halts US offshore wind projects citing 'national security'

The US Interior Department on Monday said it had paused all leases for offshore wind projects over unspecified national security risks, casting new doubt over the future of an industry detested by President Donald Trump.

Fuming Denmark summons US ambassador over Greenland envoy

Denmark said Monday it would summon the US ambassador after President Donald Trump appointed a special envoy to Greenland who immediately vowed to make the Danish autonomous territory "a part of the US".

Outcry follows CBS pulling program on prison key to Trump deportations

The leadership of CBS News was facing accusations of political meddling on Monday over a last-minute decision to not air a report on the notorious Salvadoran prison where US President Donald Trump has sent deported migrants.

Billionaire Ellison offers personal guarantee for son's bid for Warner Bros

Oracle tech tycoon Larry Ellison is offering a $40.4 billion personal guarantee to back Paramount's hostile bid for Warner Bros. Discovery, deepening a bidding war with Netflix, a statement said on Monday.

Tech stocks lead Wall Street higher, gold hits fresh record

Wall Street and Asian stock markets advanced on Monday, with tech stocks leading the way.

Telefonica to shed around 5,500 jobs in Spain

Telefonica will cut up to 5,500 jobs in Spain under a voluntary departure plan agreed with trade unions last week, the debt-laden telecoms firm said in a statement on Monday.

EU slams China dairy duties as 'unjustified'

Brussels hit back Monday at China slapping duties of up to 42.7 percent on some dairy products from the European Union, calling the move "unjustified".

Stocks diverge as rate hopes rise, AI fears ease

Stock markets diverged Monday and gold hit a record high as the latest round of US data boosted hopes for more interest rate cuts and concerns over AI spending subsided.

Swiss court to hear landmark climate case against cement giant

A Swiss court has decided to hear a landmark climate case pitting residents of a tiny Indonesian island being swallowed by rising sea levels against cement giant Holcim, NGOs helping the islanders said Monday.

Asian markets rally with Wall St as rate hopes rise, AI fears ease

Asian markets rallied Monday and gold hit a record high as the latest round of US data boosted hopes for more interest rate cuts, while worries over AI spending also subsided.

As US battles China on AI, some companies choose Chinese

Even as the United States is embarked on a bitter rivalry with China over the deployment of artificial intelligence, Chinese technology is quietly making inroads into the US market.

AI resurrections of dead celebrities amuse and rankle

In a parallel reality, Queen Elizabeth II gushes over cheese puffs, a gun-toting Saddam Hussein struts into a wrestling ring, and Pope John Paul II attempts skateboarding.

Third 'Avatar' film soars to top in N. American box office debut

"Avatar: Fire and Ash," the third installment in James Cameron's blockbuster sci-fi fantasy series, debuted atop the North American box office with $88 million in ticket sales in the weekend before Christmas, industry estimates showed Sunday.

China's rare earths El Dorado gives strategic edge

Buried in the reddish soil of southern China lies latent power: one of the largest clusters of crucial rare earths is mined around the clock by a secretive and heavily guarded industry.

Wheelchair user flies into space, a first

A German woman engineer on Saturday became the first wheelchair user to blast into space, taking a brief ride on a Blue Origin flight.

French culture boss accused of mass drinks spiking to humiliate women

Hiyam Zarouri was delighted when a senior civil servant at France's prestigious culture ministry reached out to her on Linkedin offering the then jobless 25-year-old career advice.

US Afghans in limbo after Washington soldier attack

Afghans who worked alongside US troops during almost two decades of war were once promised a home in the United States to shelter them from the extremist intolerance of the Taliban.

Nasdaq rallies again while yen falls despite BOJ rate hike

Resurgent artificial intelligence shares lifted the Nasdaq Friday for a second straight session while the yen retreated despite a Bank of Japan interest rate hike.

IMF approves $206 mn aid to Sri Lanka after Cyclone Ditwah

The International Monetary Fund said Friday that its board has approved $206 million in emergency financing for Sri Lanka, to help in the country's recovery from the devastating Cyclone Ditwah.

Stocks advance with focus on central banks, tech

Global stock markets mostly advanced on Friday as traders reacted to central bank activity and easing concerns over the technology sector.

France's budget hits snag in setback for embattled PM

A joint committee of French lawmakers on Friday failed to reach a compromise on the state budget for next year, parliamentary sources said, meaning France would not have a 2026 budget by year end.

Volatile Oracle shares a proxy for Wall Street's AI jitters

For a reading of Wall Street's shifting mood on the artificial intelligence investment boom, take a look at the daily fluctuations of Oracle stock, analysts say.

Japan hikes interest rates to 30-year-high

The Bank of Japan hiked interest rates to a 30-year high of 0.75 percent on Friday, the first increase since January, as it said the economy had shown signs of improvement.

'We are ghosts': Britain's migrant night workers

"We are ghosts on the night shift," says Leandro Cristovao from Angola, who has worked the graveyard shift at a south London market for seven years.

Asian markets rise as US inflation eases, Micron soothes tech fears

Asian markets rose Friday as a below-forecast read on US inflation boosted hopes for another interest rate cut next month, while blockbuster earnings from chip firm Micron helped soothe nerves over a tech bubble.

EU agrees 90-bn-euro loan for Ukraine, but without Russian assets

EU leaders struck a deal Friday to provide Ukraine a 90-billion-euro loan to plug its looming budget shortfalls -- but failed to agree on using frozen Russian assets to come up with the funds.

EU fails to agree Russian asset plan for Ukraine

EU leaders failed Friday to agree a deal on using frozen Russian assets to fund Ukraine -- with overnight talks pivoting instead towards providing Kyiv a loan backed by the bloc's common budget.

Trump signs $900 bn defense policy bill into law

President Donald Trump signed a sweeping defense policy bill into law Thursday that signaled strong bipartisan support for Europe and defied the US leader's increasingly hostile posture toward NATO and America's closest allies.

EU-Mercosur deal delayed as farmers stage Brussels show of force

The signing of a trade deal between the EU and South American bloc Mercosur will be postponed to January, officials said Thursday, after farmers staged a show of force against the pact outside a Brussels leaders' summit.

Trump health chief seeks to bar trans youth from gender-affirming care

The US health department on Thursday announced proposed measures that would effectively ban gender-affirming care for transgender youth, a major escalation of the Trump administration's efforts to roll back protections for trans people.

Argentine unions in the street over Milei labor reforms

Thousands of Argentines demonstrated on Thursday against President Javier Milei's plans to drastically overhaul the country's labor laws to make work more flexible, restrict the right to strike and make it cheaper to fire workers.

Brazil open to EU-Mercosur deal delay as farmers protest in Brussels

Police fired teargas at farmers protesting the EU's planned trade deal with South American bloc Mercosur in Brussels Thursday, as Brazil opened the door to postponing its signature to win over reluctant Europeans.

Coin Press - Economy (English)