Coin Press - Economy

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Featured

Hongkongers snap up silver as gold becomes 'too expensive'

Hong Kong residents hoping to cash in on a precious metals rally are buying up bars of silver as an alternative to gold that they say has become "too expensive" after reaching record highs.

Gold soars past $5,500 as Trump sabre rattles over Iran

Gold prices soared to another fresh record above $5,500 Thursday, while oil advanced and stocks fell after Donald Trump ramped up geopolitical tensions with his threatened military strike on Iran.

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Dutch tech giant ASML posts bumper profits, eyes bright AI future

Dutch tech giant ASML, which sells cutting-edge machines to make semiconductor chips, reported a significant gain in annual net profit Wednesday and predicted a bright future driven by demand for artificial intelligence.

Minnesota congresswoman unbowed after attacked with liquid

Seconds after an attacker sprayed US Congresswoman Ilhan Omar with unidentified liquid at a Minnesota meeting, she confronted the man and then defiantly went on to finish her comments, AFP journalists saw.

Omar attacked in Minneapolis after Trump vows to 'de-escalate'

As the White House worked to "de-escalate" tensions in Minneapolis Tuesday, a man sprayed Minnesota Congresswoman Ilhan Omar with a syringe of unknown liquid at a town hall meeting, where she called for curbing the Trump administration's anti-immigration crackdown.

Dollar struggles to recover from losses after Trump comments

The dollar ticked up Wednesday following another selloff fuelled by Donald Trump's suggestion he was happy with the currency's recent decline, while tech firms extended their rally ahead of much-anticipated earnings from the sector this week.

Greenland blues to Delhi red carpet: EU finds solace in India

Presiding over the signing of a major trade deal alongside Indian Prime Minister Narendra Modi on Tuesday, EU chief Ursula von der Leyen broke into a large smile.

French ex-senator found guilty of drugging lawmaker

A French court Tuesday found a former senator guilty of drugging a woman lawmaker with ecstasy with intent to sexually assault her, and sentenced him to four years in prison, of which 18 months must be behind bars.

US Fed set to pause rate cuts as it defies Trump pressure

The US Federal Reserve is broadly expected to pause its series of interest rate cuts Wednesday, resisting mounting attacks from President Donald Trump, while policymakers await more data on the world's biggest economy.

Trump says will 'de-escalate' in Minneapolis after shooting backlash

US President Donald Trump said Tuesday he would "de-escalate a little bit" in Minneapolis after the fatal shootings of two civilians fueled a storm of criticism over his signature immigration crackdown.

CERN chief upbeat on funding for new particle collider

Mark Thomson, the new head of Europe's physics laboratory CERN, voiced confidence Tuesday about raising the billions of dollars needed to build by far the world's biggest particle accelerator.

Trump's Iowa trip on economy overshadowed by immigration row

US President Donald Trump headed to Iowa Tuesday eager to show voters he cares about affordability -- but his trip was overshadowed by anger over the deadly immigration crackdown in the neighboring state of Minnesota.

GM reports quarterly loss but boosts shareholder returns

General Motors announced Tuesday fresh actions to return funds to investors, lifting shares despite reporting a quarterly loss on costs connected to its electric vehicle retreat.

US banks fight crypto's push into Main Street

The banking industry is pushing back against White House-aligned crypto companies seeking to expand their business to Main Street customers in the United States.

LVMH 2025 net profit drops 13% to 10.9 bn euros

The world's leading luxury group, LVMH, saw net profit slide 13 percent in 2025 to 10.9 billion euros ($13.1 billion) as an exceptional tax on large French companies weighed on its bottom line.

US consumer confidence drops to lowest level since 2014

Consumer confidence in the United States plunged in January to its lowest level since 2014, survey data showed Tuesday, as American households continue to fret about inflation and elevated costs of living.

Teens underwhelmed by France's social media ban

Teens and tweens were split Tuesday over a looming ban on social media for under-15s in France, with some admitting the risks of overuse -- while others laughed off the measure and vowed to dodge it.

Mexico exports jump in 2025 despite US trade tensions

Mexico's exports climbed 7.6 percent in 2025, despite its auto, steel and aluminum sectors being swept up in US President Donald Trump's tariffs blitz, according to figures released Tuesday.

Blazy takes flight of fancy with bird-themed Chanel show

After reaching for the stars in his first show for Chanel, new chief designer Matthieu Blazy took a feathery flight of fancy for his debut Haute Couture collection inspired by birds and nature on Tuesday.

Spain to regularise 500,000 undocumented migrants

Spain's left-wing government approved Tuesday a plan to regularise around 500,000 undocumented migrants by decree, the country's latest break with harsher policies elsewhere in Europe.

Stocks gain tracking tech, Fed and trade

Stock markets gained Tuesday as investors geared up for the US Federal Reserve's policy meeting and earnings from tech titans, which will be pored over for signs of AI momentum.

Spain unemployment drops below 10% in first since 2008

Spain's historically stubborn unemployment fell below 10 percent in the fourth quarter of last year, official data showed on Tuesday, a first since the 2008 financial crisis.

Trump says Iran wants talks as US aircraft carrier deploys

A US naval strike force led by an aircraft carrier was in Middle Eastern waters on Tuesday as Iran vowed to hit back against any strike and President Donald Trump said he believed the Islamic republic still wanted talks.

Germany offers 1 mn euro reward for Berlin blackout culprits

Germany is offering a one million euro ($1.2 million) reward for information leading to the arrest of suspected far-left militants whose arson attack caused a massive blackout in Berlin, the interior minister said Tuesday.

China's Anta Sports to become top Puma shareholder

Chinese athletic goods giant Anta Sports will buy a controlling stake in historic German sportswear brand Puma for $1.79 billion, a stock exchange filing showed Tuesday, as it expands its international presence.

Minneapolis mayor says 'some' US immigration agents to leave city

Some federal immigration agents will leave Minneapolis Tuesday, the city's mayor said, as US President Donald Trump struck a conciliatory note after nationwide outrage over the killings of two American citizens.

UK tour agency to host golf tournament in North Korea

A British tour agency plans to host an international golf event in North Korea this year, the amateur event's website showed Tuesday.

US immigration agents face backlash after Minneapolis killings

The fatal shooting of two civilians in Minneapolis has reignited accusations that federal agents enforcing US President Donald Trump's militarized immigration crackdown are inexperienced, under-trained and operating outside law enforcement norms.

French lawmakers pass bill banning social media for under-15s

French lawmakers have passed a bill that would ban social media use by under-15s, a move championed by President Emmanuel Macron as a way to protect children from excessive screen time.

Trump says hiking tariffs on South Korean goods to 25%

US President Donald Trump said Monday that he would raise tariffs on South Korean goods including autos, lumber and pharmaceuticals, taking aim at the country for "not living up to" an earlier trade pact struck with Washington.

Kanye West blames bipolar disorder amid outrage over antisemitic rants

Rapper Kanye West on Monday denied being a Nazi and expressed regret over his antisemitic rants, blaming such behavior -- which included recording a song that celebrates Hitler -- on his bipolar disorder.

Trump attempts to pivot in face of Minneapolis killing backlash

President Donald Trump sent his top border enforcer to Minneapolis on Monday and struck a conciliatory note in a bid to tamp down nationwide outrage over the second killing of a US citizen protesting militarized immigration raids this month.

Stricken games giant Ubisoft seeks rare French job cuts

French video games giant Ubisoft said Monday it aims to shed up to 200 staff at its Paris headquarters, days after investors gave a frosty reception to a drastic restructuring plan.

Minneapolis killing pushes Trump to brink of government shutdown

Donald Trump is likely facing the second government shutdown of his presidency after a fatal shooting by US immigration agents detonated a fragile budget truce in Congress and unified Democrats against funding his hardline immigration crackdown.

Coin Press - Economy (English)