Coin Press - Economy

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Featured

BP net profit quadruples as Mideast war lifts oil prices

British energy giant BP said Friday that its net profit quadrupled in the third quarter as the Middle East war disrupted oil and gas supplies and sent prices surging.

German economy logs 0.2% growth, faster than expected

Germany's economy grew faster than expected in the third quarter, official data showed Friday, defying headwinds ranging from the Iran war energy shock to low water levels on major rivers.

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Stocks rise on China-US hopes, Japan's new PM lifts Tokyo

Most stock markets extended gains Tuesday on further signs that China-US trade tensions were easing and as investors looked to corporate earnings.

Jane Birkin's Hermes handbag up for auction in Abu Dhabi

A Hermes handbag once belonging to Jane Birkin will be auctioned in Abu Dhabi on December 5, following the record-breaking sale of the original for over $10 million, Sotheby's said Tuesday.

Ozempic-maker Novo Nordisk to shake up board

Denmark's Novo Nordisk said Tuesday it would replace more than half of its board, including the chair, as the Ozempic and Wegovy maker restructures in the face of rising competition for its anti-obesity treatments.

Hermes taps British designer to lead its menswear line

French luxury company Hermes on Tuesday announced that a British designer, Grace Wales Bonner, is taking over its men's pret-a-porter collection from a predecessor who held the position for nearly four decades.

Stocks up on China-US hopes, Japan's new PM lifts Tokyo

Most stock markets extended gains Tuesday on further signs that China-US trade tensions were easing and as investors looked to corporate earnings.

US tariffs take big bite out of Swiss exports

Stiff US tariffs on Switzerland badly hurt the Alpine country's exports in the third quarter, official figures showed Tuesday, with Swiss watchmakers suffering badly.

UK borrowing hits five-year high ahead of budget

UK government borrowing reached a five-year high in September, official data showed Tuesday, adding pressure to the government ahead of its annual budget.

Nigerian monarch takes on oil giant in search of environmental justice

Growing up in southern Nigeria during the 1970s, Bubaraye Dakolo would easily catch 20 kilograms of fish within minutes. These days, a fisherman casts nets all night, only to bring back just about three kilograms.

PM Sanae Takaichi, Japan's Iron Lady 2.0

Sanae Takaichi, a staunch conservative who admires Margaret Thatcher, became Japan's first woman prime minister on Tuesday, but analysts say her rise does not necessarily signal a feminist victory.

Paris verdict due in TotalEnergies 'greenwashing' case

A Paris court is due to hand down a ruling Thursday whether French oil and gas giant TotalEnergies misled consumers with claims overstating its climate pledges, a case that could help shape greenwashing jurisprudence in Europe and beyond.

France and Europe: fertile AI training ground?

In woody surroundings south of the French capital, Paris-Saclay University's campus provides a fertile training ground for future artificial intelligence experts, whose skills are coveted at home and abroad.

'Enhancing the game': Football Manager includes women's clubs

Women's leagues will feature in the new Football Manager video game released next month, a first in the decades-long history of the popular series that simulates team tactics and transfer drama.

EU takes aim at plastic pellets to prevent their nightmare cleanup

At first glance, the tiny plastic pellets appear relatively harmless. No bigger than a lentil, these "nurdles" are destined to be melted down to make everything from car bumpers to salad bowls.

Equities rally on China-US hopes, new Japanese PM lifts Tokyo

Stocks extended gains Tuesday on further signs that China-US trade tensions were easing, with Tokyo hitting another record as Japan prepares to swear in a new prime minister and bring an end to a period of political uncertainty.

$Canada crime bill and rap group fracas spark free-speech debate$

Canada crime bill and rap group fracas spark free-speech debate

Prime Minister Mark Carney's hate crime bill and a controversy surrounding a Northern Irish rap group have focused Canadian attention on a complex legal question: should displaying certain symbols be a crime?

Servers, software and data: how the cloud powers the web

The outage that hit the world's leading cloud provider Amazon Web Services on Monday has highlighted global reliance on the technology, which offers businesses on-demand IT resources without heavy investment in expensive server farms.

Trump says Australia will get submarines as PM visits

US President Donald Trump said Australia would get coveted nuclear-powered attack submarines and signed a deal on rare earth minerals with Prime Minister Anthony Albanese at the White House on Monday.

Brazil greenlights oil drilling in sensitive Amazon region

Brazil's Petrobras said Monday it has permission to drill for oil near the mouth of the Amazon River, casting a shadow over the country's green ambitions as it prepares to host UN climate talks.

Stock markets climb as China-US trade fears ease

Stock markets rose Monday after conciliatory comments from US President Donald Trump at the weekend eased worries about China-US trade tensions.

US begins sending nuke workers home as shutdown drags

The agency responsible for safeguarding the US nuclear stockpile began placing most staff on enforced leave Monday, US media reported, as the government shutdown dragged into a fourth week.

Trial opens in Klarna's $8.3-bn lawsuit against Google

A Swedish court began hearing arguments Monday in a lawsuit brought by Swedish price comparison site Pricerunner, owned by Klarna, against tech giant Google for over $8 billion for promoting its own shopping comparisons in search results.

Stock markets rise as China-US trade fears ease

Stock markets mostly rose Monday after conciliatory comments from US President Donald Trump at the weekend eased worries about China-US trade tensions.

Amazon's cloud services hit by global outage

A global outage hit Amazon's cloud services on Monday, the subsidiary of the US tech giant said, disrupting many websites and services including Amazon Prime, Perplexity, Fortnite, Alexa, Snapchat and Duolingo.

'People can breathe': hope for peace on Afghan-Pakistan border

After a week of violence, residents on the frontier between Afghanistan and Pakistan are hoping a new ceasefire deal will end the clashes and revive crucial cross-border trade.

Thyssenkrupp spins off warship unit to tap defence boom

Shares in Thyssenkrupp's naval unit surged Monday as it was spun off from the German industrial giant, highlighting the buzz around European defence firms as the continent rearms amid a growing Russian threat.

Kering shares jump on sale of beauty division to L'Oreal

The share price of Kering, the French luxury group that owns Gucci and other brands, jumped sharply Monday after it announced the $4.6-billion sale of its beauty products division to L'Oreal.

Stock markets bounce back as China-US trade fears ease

Equity markets rose Monday after conciliatory comments from Donald Trump at the weekend eased worries about China-US trade tensions, while Tokyo stocks surged to a record on news of a deal to end political turmoil in Japan.

Bolivia's new president faces worst economic crisis in decades

Bolivians elected Rodrigo Paz as president on Sunday, selecting the center-right senator and economist to address the country's worst economic crisis in 40 years.

China's economic growth slows amid sputtering domestic demand

China's economic growth slipped below five percent in the third quarter of 2025, the slowest pace in a year as trade headwinds and a domestic consumer slump continued to weigh.

Asian markets bounce back as China-US trade fears ease

Asian markets rose Monday after conciliatory comments from Donald Trump at the weekend ease worries about China-US trade tensions, while Tokyo stocks surged to a record on news of a deal to end political turmoil in Japan.

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.

Coin Press - Economy (English)