Coin Press - Economy

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'Gritty' Philadelphia pitches itself as low-cost US World Cup choice

Philadelphia is presenting itself as the US World Cup host city offering fans the best value for money, with affordable transport, accommodation and food while other venues are pilloried for gouging supporters.

'I literally was a fool': Musk grilled in OpenAI trial

Elon Musk faced fiery questioning Wednesday in his court showdown with OpenAI, as he insisted that the maker of ChatGPT had fooled him by turning what was an altruistic pursuit into a profit-making juggernaut.

Last news

Crude extends gains, stocks drop as Trump considers latest Iran proposal

Oil prices jumped and stocks sank Tuesday as Donald Trump weighed an Iranian proposal that would reportedly re-open the Strait of Hormuz and end the eight-week-old war.

Crude extends gains as Trump considers latest Iran proposal

Oil prices edged up and stocks wavered Tuesday as Donald Trump weighed an Iranian proposal that would reportedly re-open the Strait of Hormuz and end the eight-week-old war.

Oil rises, stocks mixed as US-Iran peace talk hopes dim

Oil prices rose and stock markets moved unevenly on Monday as the prospect of Iran peace talks remained stalled, ahead of a week full of central bank decisions and corporate earnings.

Iran FM blames US for failure of talks as he meets Putin

Iran's top diplomat blamed Washington on Monday for the failure of Middle East peace talks during a visit to Russia, where President Vladimir Putin promised him Moscow's support in ending the war.

Taylor Swift files to trademark her voice amid AI clone boom

Taylor Swift has filed applications with the US intellectual property office to trademark her voice, a move similar to one made by actor Matthew McConaughey, as AI-generated content surges.

UN maritime agency rejects Hormuz tolls

The head of the UN's maritime agency said Monday there was "no legal basis" for imposing any fees for ships to pass through the Strait of Hormuz.

Human Rights Watch warns of 'exclusion and fear' at World Cup

This summer's World Cup risks being defined by "exclusion and fear" due to crackdowns on immigration, demonstrations and press freedom in the United States, Human Rights Watch warned on Monday.

Carney launches $18 billion Canada sovereign wealth fund

Prime Minister Mark Carney on Monday announced the creation of Canada's first-ever sovereign wealth fund, beginning with a CAN$25 billion ($18.3) endowment he said will strengthen the economy amid a "crumbling" world order.

Oil rises, stocks steady as US-Iran peace talk hopes wobble

Oil prices rose and stock markets were steady on Monday as peace talks between the US and Iran stalled, ahead of a week full of central bank decisions and corporate earnings.

ECB set to hold rates steady with eye on Iran crisis

The European Central Bank is expected to hold interest rates steady again this week as it waits to see if the inflation spike triggered by the Middle East war will prove temporary or begin to weigh on growth.

Iran foreign minister arrives in Russia as US talks remain stalled

Iran's foreign minister arrived in Russia on Monday as peace efforts between Tehran and Washington hung in the balance, following a flurry of regional diplomacy and the collapse of planned talks in Pakistan.

Oil rises, stocks swing as peace talk hopes wobble

Oil prices rose Monday while stocks were mixed with the United States and Iran no closer to ending their eight-week-old war after Donald Trump cancelled his envoys' trip for peace talks at the weekend.

Iran minister leaves Pakistan, heads to Russia for more talks

Iran's foreign minister departed Islamabad for Moscow on Sunday, his ministry said, ping-ponging from capital to capital as mediators hoped to keep peace talks between Tehran and the United States alive.

Vollering wins women's Lige-Bastogne-Liege for 3rd time

European champion Demi Vollering won her third Liege-Bastogne-Liege one-day classic after a solo breakaway 35km from the finish on Sunday.

India plugs oil gap as Middle East supplies sink

India has ramped up purchases of Russian oil and revived alternate supplies from Africa, Iran and Venezuela to blunt a sharp crude shortfall from the crisis-ridden Middle East, analysts say.

Japan inflation cools demand for vending machine drinks

From post offices and parks to stations and even the summit of Mount Fuji, Japan's vending machines are ubiquitous. But with the rapid pace of inflation cooling demand for their drinks, operators are being forced to rethink the business.

Aussie Rules fires appeals chair over ruling on anti-gay slur

Australian Rules football said Saturday it has fired the chair of its appeals board after it reduced a player's penalty for using a homophobic slur because offensive language was "commonplace" on the field.

Billionaire Elon Musk enters courtroom showdown with OpenAI

Jury selection is to begin Monday in a high-profile legal battle between billionaire Elon Musk and artificial intelligence startup OpenAI, which he accuses of betraying its non-profit mission.

OpenAI CEO apologizes to Canada town for not reporting mass shooter

OpenAI's CEO Sam Altman has apologized to a Canadian town devastated by a February mass shooting, saying he was "deeply sorry" the company did not notify police about the killer's troubling ChatGPT account.

'Natural' birth control risks unwanted pregnancy, experts warn

After taking the pill for a decade, Elodie Monnier Legrand decided to try "natural" birth control, an increasingly popular trend that requires tracking fertility to avoid becoming pregnant.

EU trade chief seeks 'positive traction' on US steel tariffs

The EU is seeking more progress in easing the effects of US steel tariffs, its trade chief Maros Sefcovic said Friday, adding that talks are "going in a positive direction."

Battle lines drawn over EU's next big budget

EU leaders had their swords already drawn when they plunged into intense discussions Friday over the 27-country bloc's next seven-year budget, with the usual frugal nations pushing to contain spending.

Renewed hopes of Iran peace talks keep oil under $100 per barrel

Oil prices fell on Friday after it appeared a second round of Middle East talks was back on, bolstering prospects for an end to a war that has crippled energy shipments from the Gulf.

Ryanair says to cut Berlin flights, blaming taxes

Budget airline Ryanair said Friday that it would reduce flights to and from Berlin starting in October and relocate aircraft based in the German capital, citing comparatively high costs and taxes.

From sun to subsoil, how countries are moving away from fossil fuels

Heating with geothermal energy, lighting with solar panels, cooking with biodegradable waste: how can we live with less oil and gas?

Porsche exits sports car maker Bugatti Rimac

German carmaker Porsche announced on Friday the sale of its stakes in sports car manufacturer Bugatti Rimac to a consortium led by a US fund founded by the Egyptian billionaire Sawiris family.

Bill legalising assisted dying in England and Wales set to fail

A contentious bill to legalise assisted dying in England and Wales was set to fail Friday after running out of parliamentary time, having been stuck in the UK's unelected upper house.

Chinese EVs, flying cars take centre stage at world's biggest auto show

Thousands squeezed into the world's biggest car show Friday, snapping selfies beside Chinese electric vehicles as automakers showcased AI, humanoid robots and flying-car ambitions in a cut-throat market.

Tesla starts 'robotaxi' production: Musk

Tesla's much-touted autonomous "robotaxi", called the Cybercab, has started production, CEO Elon Musk said on Friday, the same week that the carmaker reported first-quarter profits that beat expectations.

Musk says Tesla has started 'robotaxi' production

Tesla's much-touted autonomous "robotaxi", called the Cybercab, has started production, CEO Elon Musk said on Friday, a day after the carmaker reported first-quarter profits that beat expectations.

Appeal board says homophobia 'commonplace' in Aussie Rules

Australian Rules Football said Friday that homophobia had no place in the game after an appeals board reduced a penalty for a player who used an anti-gay slur on the grounds such comments were "commonplace" in the sport.

Hot pants: Tokyo government workers swap suits for shorts

Tokyo's metropolitan government is encouraging staff to wear shorts to work to cut reliance on air conditioning, an official said Friday, as concerns grow over high energy costs linked to the Middle East War.

Coin Press - Economy (English)