Coin Press - Economy

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ECB warns of risks from Mideast war as it holds rates

The European Central Bank held interest rates steady on Thursday and warned of growing risks to the growth and inflation outlook thanks to the war in the Middle East.

Iran's supreme leader defies US blockade as oil prices soar

Iran's supreme leader declared Thursday that the United States had suffered a shameful defeat, defiantly rejecting a warning from President Donald Trump that an economically-punishing US naval blockade could be enforced for months to come.

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Tokyo's dazzling cherry blossom season officially begins

Tokyo's meteorologists declared the start of the much-loved cherry blossom season in the Japanese capital on Thursday, as residents prepare to host outdoor picnics under dazzling floral displays.

Energy prices surge, stocks sink amid rising energy shock fears

Energy prices soared Thursday and stocks sank as Iran attacked several Gulf energy facilities and warned of more in retaliation for a strike on one of its key gas fields.

Labubu creators hope for monster film hit in Sony co-production

China's snaggle-toothed Labubu dolls will soon come alive on the big screen after flying off the toy shelves, with maker Pop Mart announcing a collaboration with Sony Pictures.

Crude prices surge, stocks sink amid rising energy shock fears

Oil surged more than five percent Thursday and stocks sank as Iran attacked several Gulf energy facilities and warned of more in retaliation for a strike on one of its key gas fields.

Patching the wounds of Kinshasa's street children

In the back of a 4X4, a nurse cleaned a gash in a boy's arm, picked up from living rough on the streets of Kinshasa, the capital of one of the world's poorest countries.

Strait of Hormuz blockage drives up Gulf food bills

In a supermarket in Bahrain, Mahmoud Ali fills his cart as usual. The shelves remain stocked despite the war in the Middle East, but the blockade of the main shipping routes into the Gulf is now being felt at checkout.

Key Middle East energy sites under fire

Qatar's main gas facility has suffered extensive damage after several rounds of Iranian strikes, causing new energy supply fears as the Middle East war grinds on.

Mideast energy shock rattles eurozone rate-setters

The energy shock unleashed by the Middle East war will top the agenda at Thursday's European Central Bank meeting, as fears grow of a major hit to the eurozone economy.

Iran targets Gulf energy sites after gas field strike

Iran targeted energy facilities across the Gulf and threatened further destructive attacks after a key gas field was hit, raising fears Thursday of a wider assault on fuel supplies that could jolt already rattled global markets.

Music popstar will.i.am meshes AI and 'micromobility'

Black Eyed Peas star will.i.am is putting artificial intelligence agents to work in three-wheel vehicles tailored for modern urban life.

US Fed Chair says 'no intention' of leaving board while probe ongoing

US Federal Reserve Chair Jerome Powell said Wednesday that he did not plan to leave the central bank's board until a Justice Department probe linked to renovation costs was completed.

US stocks fall on latest oil price surge as Fed lifts inflation forecast

Oil prices surged Wednesday following a strike on a major Iranian gas facility as the Federal Reserve raised its inflation forecast while holding interest rates steady.

Iran targets Gulf energy sites after intel chief killed

Iran launched attacks targeting oil and gas facilities around the Gulf on Wednesday, lashing out after suffering yet another blow to its leadership with Israel's killing of its intelligence chief.

US Fed raises inflation outlook over 'uncertain' Iran war impact

The US Federal Reserve raised its outlook for inflation as it held interest rates steady on Wednesday, citing an "uncertain" economic outlook due to the war in Iran.

Iran suffers new blow as Israel kills intel chief

Iran suffered a fresh blow Wednesday with the killing of its intelligence minister as the new supreme leader, yet to be seen since replacing his slain father, vowed to avenge the death of the country's security chief.

Slovakia curbs diesel sales, ups prices for foreigners

The Slovak government said Wednesday it would restrict diesel sales for 30 days because of a shortage due to the suspension of supplies by the Druzhba pipeline.

US Fed holds rates unchanged over 'uncertain' Iran war implications

The US Federal Reserve kept interest rates unchanged as expected Wednesday, in defiance of President Donald Trump as the world's largest economy battles stubborn inflation, weak labor demand and an "uncertain" economic outlook due to the war in Iran.

Billionaire Dyson buys 50 percent stake in Bath rugby

British billionaire businessman James Dyson has acquired a 50 percent stake in Bath, the English Prem rugby champions announced Wednesday.

How many cargo ships are passing Hormuz strait?

Just a trickle of cargo ships and tankers has made it through the Strait of Hormuz since Iranian forces blocked the crucial trade route in the Middle East war.

Oil surges as Iran gas facilities hit, stocks slide

Oil prices surged Wednesday following a strike on one of Iran's gas facilities that raised the spectre of a further escalation of attacks on energy infrastructure in the Gulf region.

Chilean GDP beats 2025 forecast despite mining dip

Chile's GDP beat expectations for 2025 thanks to a trade and investment boost which helped offset a weaker mining sector, the country's central bank said Wednesday.

Global music market grows, calls for AI compensation: industry body

The global music industry generated $31.7 billion last year, driven by online streaming, industry body IFPI said Wednesday, as it called on the sector to ensure AI-generated content compensates musicians.

Troubled waters: Thai fishermen marooned by rising fuel costs

With his belongings stuffed into a plastic bag, Thai fisherman Narongsak Kongsuk heads home, far from the sea.

Why convoys cannot fully protect oil tankers from Iran attacks

The Israeli-US war on Iran has provoked a reaction from Tehran that has effectively choked a large chunk of the world's oil supply, and untangling the blockage will take a regional effort beyond what is currently being proposed, experts have told AFP.

Brussels touts 'EU Inc.' company status to lure start-ups

The EU unveiled Wednesday a scheme to make it much easier for innovative start-ups to launch and grow across the 27-nation bloc, as part of a push to help Europe keep up with US and Chinese economic rivals.

Oil wavers, stocks rise as attention turns to US Fed

Stocks markets climbed and oil prices wavered on Wednesday, as traders were reassured by a partial resumption of Iraq's crude exports and turned their focus to upcoming central bank decisions.

China tech giant Tencent bets on AI agents

Tencent wants to bring artificial intelligence agents into its WeChat social media app, the Chinese tech firm's president said on Wednesday, a move that could change how hundreds of millions of users interact with the platform in the Asian nation and beyond.

Deadly strikes across Mideast as Iran vows revenge on slain security chief

Iran vowed revenge as it prepared the funeral for its security chief Ali Larijani on Wednesday, firing off a wave of missiles against Israel while also reporting fresh Israeli-US strikes across the Islamic Republic.

Brussels to unveil 'EU Inc' pan-European company status

Entrepreneurs will be able to create pan-European companies under new plans to be unveiled Wednesday, which the EU executive says will make it less of a headache to do business across the bloc.

Brazil starts to restrict minors' access to social media

Brazil began implementing new measures on Tuesday to restrict minors' access to social media and prevent them from viewing violent or illegal content.

Cuba vows 'unbreakable resistance' as US pressure mounts

Cuba's leader on Tuesday said the US would face "unbreakable resistance" if it tries to take over the impoverished island nation, as communist authorities scrambled to fix a nationwide electricity blackout.

US pounds near key strait as Iran vows to avenge death

The United States said it pounded Iranian missile sites near the key Strait of Hormuz as the Islamic republic fired missiles Wednesday around the region, vowing to avenge the killing of its powerful security chief.

Coin Press - Economy (English)