Coin Press - Economy

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Oil strikes 4-year peak, stocks rise

Oil prices struck a four-year high on Thursday on worries over a resumption of hostilities in the Middle East, while US and European stock markets mostly rose as investors turned to central bank decisions and corporate earnings.

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.

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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.

US Fed expected to hold rates steady as Iran war's shockwaves ripple

US Federal Reserve policymakers are expected to leave interest rates unchanged Wednesday, as the US-Israel war on Iran sends shock waves through oil markets and supply chains, while economic data has begun to show weakness.

Affiliate of Pacific Avenue Capital Partners Completes Acquisition of Care.com from IAC

LOS ANGELES, CA / ACCESS Newswire / March 18, 2026 / Pacific Avenue Capital Partners ("Pacific Avenue"), a Los Angeles-headquartered private equity firm focused on corporate carve-outs and other complex transactions in the middle market, today announced that an affiliate of Pacific Avenue has completed the acquisition of Care.com from IAC Inc. (NASDAQ: IAC).

Nvidia says restarting production of China-bound chips

Nvidia chief Jensen Huang on Tuesday said the AI technology powerhouse is restarting production of its high-performance chips for clients in China.

US airlines still see strong demand as jet fuel worries loom

US carriers will face tough challenges in the months ahead if jet fuel prices stay high, but for now consumers are still booking trips in numbers, airline CEOs said Tuesday.

Leftist New York mayor under pressure on Irish unity question

New York's leftist mayor, Zohran Mamdani, was facing pressure Tuesday over his position on Irish unification as he helped lead the city's St. Patrick's Day parade.

Iran vets friendly ships for Hormuz passage: trackers

Iran is selecting ships from friendly countries to pass through the Strait of Hormuz, a crucial trade waterway cut off by the Middle East war, data trackers indicated Tuesday.

Ships in Gulf risk shortages on board, industry warns

Thousands of seafarers face dwindling supplies of fuel and water as they wait on board, stranded by the Middle East war, a key shipping body warned Tuesday as it urged governments to help get maritime traffic flowing again.

US Fed expected to keep rates steady as Iran war impact looms

The US Federal Reserve opened its two-day meeting on Tuesday with policymakers expected to keep interest rates unchanged as they digest weak economic data and gauge the economic effects of the Iran war.

Kerr 'frustrated' at six-figure sum owed to him by Johnson's failed Grand Slam Track

Britain's Josh Kerr is "frustrated" by the six-figure sum owed to him by US athletics great Michael Johnson's failed Grand Slam Track project but still believes those behind it are "good people" who got themselves in a "horrible situation".

Oil prices climb as fresh strikes target infrastructure

Oil prices rose again Tuesday as Iran launched fresh attacks on crude-producing neighbours, while stock markets were higher ahead of key central bank meetings.

Germany targets oil firms to prevent wartime price gouging

Germany said Tuesday its competition watchdog will soon get more powers to target energy firms over concerns they are unfairly hiking petrol prices to profit from the wartime oil shock.

EU to help reopen blocked oil pipeline in Ukraine

EU chief Ursula von der Leyen said Tuesday the bloc will help reopen a damaged pipeline that pumps Russian oil through Ukraine to Hungary -- after Budapest accused Kyiv of stalling on repairs in an escalating row.

Cash handouts, fare hikes as Philippines battles soaring fuel costs

Hundreds of Philippine tricycle drivers lined up Tuesday in Manila for cash handouts they hope will provide temporary relief from a war-driven surge in fuel prices that has left the country scrambling for short-term answers.

Indonesia weighs response to price pressures from Middle East war

Price pressures fuelled by the Middle East war may push Indonesia's government to reconsider its dogged defence of energy subsidies and a costly meals scheme close to the heart of President Prabowo Subianto, analysts say.

In Hollywood, AI's no match for creativity, say top executives

Artificial intelligence is transforming Hollywood at a pace that has sent shockwaves through creative industries, but human creativity will always prevail, a leading executive at the cutting edge of that change told AFP.

Migrant workers bear brunt of Iran attacks in Gulf

Bangladeshi migrant Ahmad Ali, 55, was doing his regular round delivering drinking water to residents in the United Arab Emirates when Iran launched its first retaliatory attacks against Gulf countries.

Trump vows to 'take' Cuba as island reels from oil embargo

US President Donald Trump vowed Monday to "take" Cuba as the communist island plunged into darkness under a total power blackout linked to a crippling oil embargo imposed by Washington.

Equities rise on oil easing, with focus on Iran war and central banks

Oil prices retreated and equities rose Monday as investors remained focused on the Strait of Hormuz, with US allies pushing back against President Donald Trump's demands to help reopen the key waterway to oil and natural gas tankers.

Nvidia rides 'claw' craze with AI agent platform

Nvidia announced Monday that it was joining the OpenClaw craze, unveiling tools to bring AI agents -- which can manage your email, files and calendar while you sleep -- into the corporate world.

Damaged Russian tanker has 700 tonnes of fuel on board: Moscow

A damaged Russian gas tanker that has been drifting in the Mediterranean without a crew for almost two weeks has 700 tonnes of fuel on board, Russia's foreign ministry said Monday.

Talks towards international panel to tackle 'inequality emergency' begin at UN

Talks towards creating a new international panel to address extreme wealth disparities, modelled on the United Nations' Intergovernmental Panel on Climate Change (IPCC), opened in Geneva on Monday.

EU talks energy as oil price soars

Energy ministers from the EU's 27 nations huddled in Brussels Monday to discuss how to help families and businesses as the Iran war sends energy prices soaring.

Swiss government rejects proposal to limit immigration

The Swiss government on Monday rejected a hard-right proposal to limit immigration to stop the population from hitting 10 million before 2050, arguing it would harm relations with the European Union.

Why Iranian drones are hard to stop

Cheap and deadly, Iranian-designed Shahed drones have inflicted major damage in the Middle East war, and have anti-jamming and other capabilities that make them difficult to stop.

"So proud": Irish hometown hails Oscar winner Jessie Buckley

Family, friends, and locals in the small Irish town of Killarney were bursting with pride Monday after homegirl Jessie Buckley became the first Irishwoman to win a best actress Oscar.

European bank battle heats up as UniCredit swoops for Commerzbank

Italian bank UniCredit on Monday made a 35-billion-euro ($40 billion) takeover offer for Commerzbank, sparking fury from Berlin and a defiant vow from the German lender to defend its independence.

Italian bank UniCredit makes bid for Germany's Commerzbank

Italian bank UniCredit on Monday made a 35-billion-euro ($40 billion) takeover offer for Commerzbank, a move likely to provoke fierce resistance from the German lender and the government in Berlin.

AI to drive growth despite geopolitics, Taiwan's Foxconn says

Taiwanese tech giant Foxconn on Monday said it expected the booming market for artificial intelligence servers to drive growth this year, despite volatility caused by global conflict.

Oil rises further above $100, stocks mixed as Iran war rages

Oil prices rose further above $100 a barrel Monday and stocks fluctuated as the Iran war moved into a third week with both sides showing no sign of backing down and diplomats trying to ensure safe passage for tankers through the crucial Strait of Hormuz.

Filipinas seek abortions online in largely Catholic nation

Jane had been bleeding heavily for days before finally seeking help, not from a hospital but from the man who sold her the pills meant to end her six-week pregnancy.

'One Battle After Another' dominates Oscars

"One Battle After Another" triumphed at the Oscars on Sunday, winning six awards, including the coveted best picture statuette, besting "Sinners" in a thrilling finale to one of the most competitive awards seasons in recent years.

Coin Press - Economy (English)