Coin Press - Economy

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Featured

UK intercepts Russian shadow fleet vessel in Channel

British forces on Sunday intercepted a sanctioned oil tanker belonging to Russia's shadow fleet in a dramatic night-time operation hailed by Kyiv as a blow to Moscow’s war machine.

Indonesian economy comes up for air but struggles to win back investors

Indonesia's economy faces a perfect storm wrought by high energy prices, and while the currency has rebounded slightly, critics warn government policies are unnerving investors at a critical moment.

Last news

EU risks financial hit if Chinese suppliers forced out: trade group

A group representing Chinese companies warned Wednesday the EU would suffer hundreds of billions of euros in losses if Chinese telecoms suppliers are banned in the bloc over cybersecurity concerns.

G7 decries 'economic coercion' in swipe at China

The trade ministers of the Group of Seven leading industrialised nations Wednesday criticised "economic coercion" by powers placing arbitrary restrictions on exports, particularly critical minerals, in a clear swipe at China.

Trump threatens new Iran strikes, piling on pressure for peace deal

US President Donald Trump threatened Iran on Wednesday with renewed bombing if it did not agree to a peace deal, piling on pressure after he abandoned an effort to reopen the Strait of Hormuz citing hopes for a breakthrough.

Disney shares jump after results top expectations

Disney shares jumped in pre-market trading Wednesday as the entertainment giant reported better than expected revenues and profits, thanks in part to growth in its streaming business.

Hopes rise for Iran deal as US halts guiding ships in Hormuz

The United States and a key mediator in the Middle East war expressed new hope of talks leading to a peace deal with Iran on Wednesday, after President Donald Trump halted a plan to guide ships through the Strait of Hormuz.

Biogas helps cut bills, deforestation in east DR Congo

Julienne Mukelenge no longer worries about toxic fumes or power cuts when cooking at her home in Goma, in the eastern Democratic Republic of Congo, after switching to biogas, a renewable energy source that is cheaper and locally produced.

Indonesia eyes e-commerce ban for under-16s: minister to AFP

Indonesia's government is mulling an e-commerce ban for under-16s, the communications minister told AFP Wednesday, hot on the heels of Jakarta imposing a sweeping social media prohibition for teens.

Venezuela to ICJ: Rights to oil-rich region 'inalienable'

Venezuela's rights to the oil-rich territory of Essequibo are "inalienable", its representative told the top UN court on Wednesday at hearings aimed at resolving a centuries-old border dispute with Guyana.

Philips profits double in first quarter

Philips said Wednesday its first-quarter profits had doubled, maintaining its sales forecasts as the Dutch electronics and medical device manufacturer seeks to turn the page on a scandal involving faulty sleep machines.

Fresh UAE attacks blamed on Iran draw new reality in the Gulf

Hours after the UAE's top oil executive said the country had "emerged stronger" from war and as thousands attended an Abu Dhabi summit to boost the local economy, phones across the country were alerting that missiles were incoming.

US declares Iran offensive over, warns force remains an option

The United States has completed its offensive operations against Iran, Secretary of State Marco Rubio said Tuesday, even as Washington warned it was ready to unleash a "devastating" response to any new attacks on shipping in the Strait of Hormuz.

Mexican BTS fans go wild as concerts grow near

Dancers bounced to the sound of BTS on an avenue in Mexico City, clapping and screaming at a pep rally kicking off a string of concerts by the South Korean superstars.

Europe's first commercial robotaxi service rolls out in Croatia

For nearly a month, a Croatian company has been rolling out what it says is Europe's first robotaxi service on the streets of Zagreb, with AFP among the first journalists to try it on Tuesday.

Suspected hantavirus cases to be evacuated from cruise ship

Two seriously ill crew members on a cruise ship stricken by a deadly hantavirus outbreak will be evacuated via Cape Verde to the Netherlands, allowing the vessel to sail on to Spain's Canary Islands, the operator said Tuesday.

Rolling Stones announce July 10 release of new album 'Foreign Tongues'

The Rolling Stones will release a new album on July 10 named "Foreign Tongues", the legendary British rockers announced on Tuesday.

EU urges US to stick to tariff deal terms

The United States must respect its tariff agreement with the EU, the bloc's trade chief told his American counterpart Tuesday, after President Donald Trump threatened to hike levies on European cars.

Stocks rise, oil falls as traders eye earnings, US-Iran ceasefire

European and US stocks advanced Tuesday as investors focused on first-quarter corporate earnings instead of uncertainty over the fragile US-Iran ceasefire.

Colombian mine explosion kills nine

A coal mine explosion in central Colombia on Monday killed nine people, the national mining authority said, less than a month after it flagged safety issues at the site.

Vodafone to take full ownership of UK mobile operator

British mobile phone giant Vodafone announced Tuesday it has agreed a £4.3 billion ($5.8 billion) deal to take full ownership of the country's biggest mobile phone operator, VodafoneThree.

US trade gap widens in March as AI spending boosts imports

The US trade deficit grew slightly less than expected in March, government data showed Tuesday, as spending linked to the artificial intelligence buildout boosted imports.

Pyongyang calling: North Korea shows off own-brand phones

North Korea has welcomed foreign visitors and firms to a trade fair this week, showcasing homegrown products including the latest model of its sleek Jindallae smartphone.

Iran warns 'not even started' in Hormuz

Iran's powerful chief negotiator warned the United States against any further escalation in the Strait of Hormuz, after a spate of attacks risked reigniting the Middle East war.

Yoko says oh no to 'John Lemon' beer

The old saying about lemons and lemonade has borne fruit for a French craft brewery, which was ordered by Yoko Ono to stop making its "John Lemon" beer -- and has now nearly sold out thanks to the publicity.

Stocks sink amid fears over US-Iran ceasefire

Stocks sank Tuesday with a fresh spike in Middle East tensions fanning fears over the fragile US-Iran ceasefire, with the two sides appearing to be no closer to a deal to reopen the Strait of Hormuz.

Premier League losses soar for clubs locked in 'arms race'

The Premier League is the envy of the world for its revenue-generating power, yet clubs lost nearly $1 billion last season as the pursuit of on-field success trumped financial security.

For Israel's Circassians, food and language sustain an ancient heritage

On a sunny afternoon, Shina Shabso was busy making traditional cheese pastries for a wedding on Israel's border with Lebanon, the celebration in the Circassian village of Rehaniya a much-needed break from weeks of war.

US-Iran ceasefire on brink as UAE reports attacks

A ceasefire between Iran and the United States was teetering Monday as the two countries traded fire over the strategic Strait of Hormuz and the United Arab Emirates reported attacks for the first time since the truce was declared nearly a month ago.

OpenAI co-founder under fire in Musk trial over $30 bn stake

Following high-profile testimony from billionaire Elon Musk last week, one of OpenAI's co-founders testified Monday in the California lawsuit brought by the world's richest man against the creators of ChatGPT.

UAE slams 'dangerous escalation' after fresh attacks blamed on Iran

The United States said it had destroyed several Iranian boats on Monday and the United Arab Emirates reported fresh attacks on its territory, in the sharpest escalation since a fragile ceasefire was agreed in the Middle East war.

Amazon to ship stuff for any business, not just its own merchants

Amazon announced Monday it is opening up its massive shipping and delivery network to any business that wants to use it -- not just the merchants who sell on Amazon's website.

Passengers stranded on cruise off Cape Verde following suspected virus deaths

Passengers and crew desperately hunkered down in isolation on a ship stuck off Cape Verde on Monday, after local authorities barred it from docking following the death of three people in a suspected hantavirus outbreak.

What is hantavirus, and can it spread between humans?

Three people have died after a suspected outbreak of hantavirus on board a cruise ship sailing between Argentina and Cape Verde.

Coin Press - Economy (English)