Coin Press - Economy

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Featured

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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Indonesia firms in palm oil fraud probe supplied fuel majors

Indonesian companies targeted in a palm oil fraud probe supplied European firms including Italian energy giant Eni and Finnish sustainable aviation fuel leader Neste, an investigation by AFP and SourceMaterial has found.

It's 'Sinners' vs 'One Battle' as Oscars day arrives

After months of expensive campaigns, the stage is set for the Oscars on Sunday, with all eyes on the race between "One Battle After Another" and "Sinners" for best picture, Hollywood's most coveted prize.

Iran warns countries to keep out of war as drone hits base used by Italy

Iran on Sunday warned other countries against getting involved in its war with the United States and Israel, as Rome reported a base in Kuwait hosting US and Italian troops was hit by a drone attack.

US Fed expected to hold rates steady as Iran war roils outlook

US Federal Reserve policymakers are expected to leave interest rates unchanged at their meeting next week, as the US-Israel war on Iran sends shock waves through markets and recent economic data has begun to show weakness.

It's 'Sinners' v 'One Battle' as Oscars day arrives

After months of expensive campaigns, the Oscars finally arrive Sunday, with all eyes on the race between "One Battle After Another" and "Sinners" for best picture, Hollywood's most coveted prize.

US mayors push back against data center boom as AI backlash grows

Data centers were supposed to be a gift. In cities across the United States, more and more mayors are treating them like a problem.

Who covers AI business blunders? Some insurers cautiously step up

As more businesses trust artificial intelligence "agents" to independently grow their revenues, some insurance firms are stepping in to cover any mistakes -- while others are steering clear.

Election campaign deepens Congo's generational divide

"Hoodlums," muttered 80-year-old village chief Joseph Batangouna as he walked past a group of young people sitting by the side of road in Mayitoukou, Congo-Brazzaville.

Middle East turmoil revives Norway push for Arctic drilling

Already the continent's biggest single supplier of natural gas since Russia invaded Ukraine, Norway is hoping to use the Middle East war to get European Union blessing to drill in the Arctic.

Iran, US threaten attacks on oil facilities

Iran threatened Saturday to reduce US-linked oil facilities to "a pile of ashes" as the two-week-old Middle East war spilled over into a global oil price crisis.

Oscars: the 10 nominees for best picture

It's Oscars time, and 10 films are in the running for best picture -- Hollywood's most prestigious prize.

Kharg Island bombed, Trump says US to escort ships through Hormuz soon

President Donald Trump said Friday that the United States had heavily bombed military targets on Iran's oil hub Kharg Island and the US Navy would soon begin escorting tankers through the Strait of Hormuz.

Jurors mull evidence in social media addiction trial

Jurors will return to court in Los Angeles Monday to resume deliberations in a landmark social media addiction trial accusing Meta and YouTube of trying to hook young internet users.

UK govt warns petrol retailers against 'unfair practices' during Iran war

Britain's energy minister warned petrol retailers Friday that the government would not tolerate "unfair practices" amid a row over rising fuel prices sparked by the Middle East war.

Mideast war cuts Hormuz strait transit to 77 ships: maritime data firm

Only 77 ships have so far crossed the Strait of Hormuz in March as the Mideast war disrupts one of the world's most vital shipping routes, a maritime data firm reported Friday.

How will US oil sanctions waiver help Russia?

The United States has eased some restrictions on Russia's oil sales as it tries to stabilise global energy markets, upended by Iran blocking the Strait of Hormuz amid the war in the Middle East.

Oil stays above $100, stocks slide tracking Mideast war

Oil prices stayed under $100 Friday with no end in sight to the disruption in supplies of crude, while stock markets slid lower.

How Iranians are communicating through internet blackout

Iran's latest internet blackout has lasted more than 14 days, connectivity monitor Netblocks said Friday.

Global shipping industry caught in storm of war

For anyone in the import business, the economic risks from the war in the Middle East arrive by sea -- and that goes for everyone who buys their products, too.

Why is the dollar profiting from Middle East war?

The surge in energy prices triggered by the conflict in the Middle East has significantly strengthened the dollar, paradoxically undermining US President Donald Trump's economic objectives.

Oil dips under $100, stocks back in green tracking Mideast war

Oil dipped under $100 Friday, but remained far above pre-Mideast war levels with no end in sight to the disruption in supplies of crude.

US Fed's preferred inflation gauge edges down

The US Federal Reserve's preferred inflation gauge came in slightly lower than expected in January, registering 2.8 percent growth over a year ago, according to data released Friday ahead of a key central bank rate-setting meeting next week.

Oil dips under $100, stocks fall tracking Mideast war developments

Oil dipped under $100 Friday, but remained far above pre-Mideast war levels with no end in sight to disrupted crude supplies.

Deadly blast rocks Iran as leaders attend rally in show of defiance

Deadly explosions rocked Tehran close to a pro-government rally attended by top officials on Friday, as Israel and Iran unleashed fresh strikes in a war that has ignited the Middle East and threatens to torpedo the world economy.

Moscow pushes US to ease more oil sanctions

Moscow on Friday urged the United States to lift more sanctions on its oil exports to stabilise the global energy markets, upended by the war in the Middle East.

AI agent 'lobster fever' grips China despite risks

Chinese entrepreneur Frank Gao used to spend long hours running his social media accounts but now outsources the chore to AI agent tool OpenClaw, which is taking the country by storm despite official warnings over cybersecurity.

Thousands of Chinese boats mass at sea, raising questions

Thousands of Chinese fishing boats have been massing in geometric formations in the East China Sea, in coordinated actions that experts believe are part of Beijing's preparations for a potential regional crisis or conflict.

Saudi forces down drones, French soldier killed in Iraq

Saudi forces intercepted more than two dozen drones on Friday after renewed Iranian threats against oil facilities, as the regional conflict killed a French soldier in Iraqi Kurdistan.

Saudi forces down drones after Iran vows to target oil resources

Saudi forces intercepted more than two dozen drones Friday after Iran vowed to attack oil resources in the Middle East and said it would maintain a chokehold on the Strait of Hormuz that has sent crude prices soaring.

US jury to begin deliberations in social media addiction trial

Jury deliberations are set to begin Friday in a landmark social media addiction trial accusing Meta and YouTube of intentionally trying to hook young internet users.

Top US, China economy officials to meet for talks in Paris

Top economic officials from the United States and China are set to convene in Paris, the Treasury Department said Thursday, ahead of President Donald Trump's planned meeting with Chinese leader Xi Jinping in April.

Noma's star chef quits after claims that he hit and bullied staff

Danish superchef Rene Redzepi -- whose Noma restaurant was long regarded as the world's best -- said he was stepping down Thursday after allegations that he abused and bullied staff for years.

Coin Press - Economy (English)