Coin Press - Economy

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Featured

Lights out in Laos as electricity exports surge

Isolated, under-developed Laos brands itself the "Battery of Southeast Asia", powering its neighbours with dozens of hydroelectric plants, but frequent power outages leave its own people in the dark.

Venezuelans outside Caracas say capital not sharing blackout burden

Josner Herrera is sick and tired of dealing with daily power cuts, especially when her part of western Venezuela produces a fair bit of electricity.

Last news

Evolution Metals & Technologies Provides Initial Revenue Guidance of $400-460mm for Fiscal Year 2027

Fiscal 2027 outlook of $400 million to $460 million reflects the expected first full-year contribution from the expansion of annual rare earth magnet production capacity in Pohang, Republic of Korea, to approximately 10,000 metric tons, including approximately 6,000 metric tons of high-performance sintered NdFeB magnets, as the January 1, 2027 DFARS mine-to-magnet restriction takes effect

Oil prices extend gains as markets await ECB rate outlook

Oil prices rose further Thursday on resurgent Middle East hostilities, fanning concerns about high inflation that is widely expected to push the European Central Bank to raise interest rates this afternoon.

'Metal Gear' creator moves to Xbox after Playstation cancellation

Legendary Japanese video game creator Hideo Kojima said Thursday he had partnered with Microsoft's Xbox for his next project after its development for the PlayStation console was cancelled by Sony.

Zamanat Targets GCC’s $250 Billion SME Financing Gap With Up to $100 Million Tokenized Private Credit Fund

Zamanat Fund CEIC Limited is the company’s first live proof point for regulated fund tokenization on ZIGChain focused on GCC private credit.

Alessio Vinassa Unveils an Emerging Technology Investment Approach Shaped by Financial Challenges

Tech entrepreneur and angel investor Alessio Vinassa today announced the expansion of his investment framework focusing on the convergence of artificial intelligence and cybersecurity, applying strategic risk-mitigation model lessons derived from managing high-pressure financial turnarounds to emerging enterprise technologies. Before he began investing across artificial intelligence, cybersecurity, Web3 and innovative finance, he faced a financial collapse that changed how he understood risk.

Stocks drop as oil spike fans inflation and interest rate fears

Asian stocks fell Thursday and Brent oil held gains a day after breaking the psychological $100 barrier on the back of resurgent Middle East hostilities that have fanned inflation fears.

Stocks sink as oil rally fans inflation and rate hike fears

Asian stocks fell Thursday as oil prices extended gains a day after breaking the psychological $100 barrier on the back of resurgent Middle East hostilities that have fanned inflation fears.

Argentine industry reels from Milei's free-market revolution

In the gloom of a vast warehouse in Argentina, the machines lying idle next to boxes of unsold merchandise represent the collapse of manufacturing under President Javier Milei.

Myanmar tin mega-mine restarts operations: think tank

One of the world's biggest tin mines, located in an autonomous region of war-torn Myanmar, is resuming operations suspended since 2023 and ramping up exports to China, a think tank said Thursday.

Eurozone rate-setters to hike borrowing costs as energy prices jump

With renewed Middle East clashes stoking energy prices and putting upward pressure on inflation, the European Central Bank is expected on Thursday to raise interest rates for the second time this year.

Ralph Lauren opens fur-free New York Fashion Week

Legendary US designer Ralph Lauren on Wednesday kicked off New York Fashion Week with his namesake brand's Spring/Summer 2027 collection, as the industry showcase implements its first full ban on fur on the runway.

Bond yields jump despite $6 bn US government intervention

Yields on long-term US Treasury bonds surged Wednesday after a $6 billion government bond buyback that disappointed markets that had expected a bigger number.

US-blockaded Cubans appeal to 'Cachita' for divine intervention

Father-to-be Carlos Trejo paid his respects to Cuba's patron saint as he and thousands more marked the annual celebration in her name, wondering what fate awaits the US-blockaded island.

How hot can the US-Canada trade war get?

The US-Canada trade war has escalated rapidly, rupturing what was once one of the world's closest economic partnerships.

Belgium raids illicit cigarette factory in push to stub out growing trade

The smell of tobacco hung thick in the air as dozens of customs officers on Wednesday raided an illicit cigarette factory in a warehouse in Belgium -- a growing hub for counterfeit producers.

Amboss and Aureo Connect the Lightning Network to Mexico's Banking System

Businesses and individuals anywhere in the world can now send payments that arrive as pesos in a Mexican bank account in seconds

Brent oil passes $100 on Mideast flare-up, stoking inflation fears

International oil benchmark Brent spiked above $100 a barrel Wednesday for the first time since late July following renewed US-Iran hostilities in the Middle East, stoking fears of widespread price rises and interest rate hikes.

Meta tests fact-check replacement in Latin America

Meta said Wednesday it had begun testing Community Notes in 16 Spanish-speaking countries in Latin America, a step toward replacing the professional fact-checking program it runs with partner organizations across the region.

France far right expels policeman member over racist remarks

France's main far-right party has expelled a member who is a policeman after body cam footage of him making racist comments sparked outrage ahead of presidential elections it hopes to win next year.

Global Multi-Asset Broker FP Markets Secures UAE CMA Category 5 Licence

Global multi-asset Forex and CFD broker FP Markets has been granted a Category 5 Licence by the UAE’s Capital Market Authority (CMA), formerly the Securities and Commodities Authority (SCA), adding to the Australian-founded broker’s global regulatory footprint and marking a strategic step into the UAE market.

IC Markets Australia Wins People's Choice Forex Broker Innovation Award at the 2026 Finder Innovation Awards

IC Markets Australia is proud to announce it has been named the winner of the People's Choice Forex Broker Innovation Award in the 2026 Finder Innovation Awards program.

Brent oil tops $100 on Mideast flare-up, fanning inflation fears

Brent oil, the international benchmark, jumped above $100 a barrel Wednesday for the first time since the end of July on a fresh flare-up in the Middle East war, adding to concerns over high inflation.

Bangladesh measles crisis kills more than 1,000 children

The death toll from a measles outbreak in Bangladesh has topped 1,000 children since March, health officials said Wednesday, admitting failures in a vaccination drive that could have saved lives.

Google unveils 13 bn euro AI expansion in Finland

Google will invest at least 13 billion euros in data centres and other digital infrastructure to power its AI ambitions in Finland, in what the US tech giant called Wednesday its biggest single investment in Europe.

Ekiden Launches Canton Network’s First Order Book-Based Derivatives Exchange

Ekiden, the first order book-based derivatives exchange, brings institutional-grade execution, private trading workflows, and on-chain settlement to the Canton ecosystem.

Affleck family affair at Venice for Casey's latest film 'Company'

Hollywood actor-director Casey Affleck cast his two sons in his latest movie "Company" and invited brother Ben to the red-carpet premiere at the Venice Film Festival.

Germany's Merz accuses AfD of promoting 'ethnic cleansing'

German Chancellor Friedrich Merz labelled the far-right AfD's demand for mass "remigration" a form of "ethnic cleansing by skin colour and origin" in a heated parliamentary exchange Wednesday.

Zara owner Inditex boosts profits as sales grow across board

Zara owner Inditex, one of the world's largest fashion retailers, reported Wednesday higher profits for the first half of its fiscal year as its brands withstood fierce competition and boosted sales.

Brent breaks $100 on Mideast flare-up, fanning inflation fears

Brent broke above $100 a barrel Wednesday as oil prices surged and stocks struggled on the back of a fresh flare-up in the Middle East crisis, putting upward pressure on inflation ahead of key US data at the end of the week.

Tradition Announces Partnership With Affin Moneybrokers to Support Malaysian Market Data

Tradition today announced a strategic partnership with Affin Moneybrokers Sdn. Bhd., one of Malaysia's leading interbank money brokers, under which Tradition will provide market data infrastructure, pricing technology and distribution capabilities to support Affin's continued growth in the Malaysian financial markets.

South Korea video game tycoon to pay record $1.5 bn in divorce

A Seoul court on Wednesday ordered South Korean video game tycoon Kwon Hyuk-bin to pay more than 2 trillion won ($1.5 billion) in a divorce settlement, the largest asset division ever awarded in the country.

Africa's informal economy: a burden and lifeline

Across the pavements, residential areas and public spaces of African cities, the informal economy is booming under the noses of authorities, who are often powerless to stop it.

Coin Press - Economy (English)