Coin Press - Economy

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Featured

Gold, silver prices tumble as investors soothed by Trump Fed pick

Gold and silver prices dived Friday and European stock markets ended the week up while Wall Street pulled back with investors reassured by US President Donald Trump's pick to take over as head of the Federal Reserve.

US Senate votes on funding deal - but shutdown still imminent

US senators began voting Friday on a deal backed by President Donald Trump to avert the worst impact of an imminent government shutdown, after a Republican holdout lifted his block following tense talks.

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Cartier owner sales lifted by jewellery, improving Asia

Swiss luxury group Richemont, owner of Cartier and other iconic luxury brands, on Friday reported sales ahead of analysts' forecasts notably thanks to strength in its jewellery division.

Markets sink on concerns over tech rally, Fed rates

Markets sank Friday, tracking a selloff on Wall Street as doubts built over next month's Federal Reserve interest rate decision and persistent speculation about a tech bubble.

Sweden sees silent forests as sanctuaries from a noisy world

In a cottage nestled deep in a Swedish forest, three couples recently spent four days whispering and without phones as part of a campaign about the dangers of noise pollution and promoting quiet Scandinavia.

Young diners 'time travel' back to ancient China

Women wearing long wigs and ornate traditional dresses milled around a pebbled courtyard, stopping to snap photos under a pavilion, as the melodious strumming of the Chinese zither played in the background.

Trump eyes $2,000 checks, 50-year mortgages as economic fears loom

Is it still the economy, stupid? US President Donald Trump has floated a string of sometimes outlandish policy ideas as he seeks to fight back on the cost-of-living issue that is causing jitters in his Republican Party.

US says trade talks with Swiss 'very positive'

A senior US official sounded a positive note Thursday about trade talks with Switzerland, as the Alpine nation's economy minister Guy Parmelin visited Washington hoping to reduce steep tariffs imposed by President Donald Trump.

Strong first-half profits keep Alstom firmly on rails

French rail manufacturer Alstom reported Thursday a strong first half of its 2025-2026 fiscal year, as sales and net profit both rose, propelled by healthy global demand for trains and rail infrastructure.

Pfizer completes Metsera acquisition in deal worth up to $10 bn

US drugmaker Pfizer said Thursday that it has completed its acquisition of biotech firm Metsera, closing a deal worth up to $10 billion after a fierce bidding war.

Boeing union votes to end strike, accept new contract

More than 3,000 striking Boeing defense workers on Thursday voted to end a strike over wage increases and retirement benefits, one of the longest work stoppages in the company's history.

Starbucks baristas launch strike on chain's 'Red Cup Day'

Hundreds of unionized Starbucks baristas kicked off an indefinite strike Thursday in cities across the United States, protesting working conditions and stalled labor negotiations.

Stocks on the slide despite end of US shutdown

Global stocks slid back sharply on Thursday, dashing hopes that President Donald Trump's signing of a spending bill to end a record US government shutdown might enliven trading floors.

Starlink, utilised by Myanmar scam centres, sees usage fall nationwide

Elon Musk's Starlink, whose internet services have been utilised by Myanmar scam centres, has seen its use across the country plummet since the end of September, according to estimates from regional internet registry Apnic.

YouTube superstar MrBeast opens pop-up park in Saudi Arabia

MrBeast, the world's most followed YouTuber with over 450 million subscribers, opened a temporary amusement park in Riyadh on Thursday, the latest celebrity drawn to Saudi Arabia as it aspires to become a major entertainment hub.

US shutdown scorecard: Who cashed in, who crashed out

The longest government shutdown in US history was bruising -- a political knife fight that left everyone claiming victory while nursing hidden wounds.

Mexican car industry fears higher tariffs on China will drive its demise

Mexico's car assembly industry, one of the biggest in the world, fears US President Donald Trump's tariff war will impede access to an increasingly indispensable component: digital dashboard touchscreens for which parts are sourced mainly in China.

Stocks sluggish as US government shutdown ends

Stock markets were sluggish on Thursday after President Donald Trump signed a spending bill to end a record-long US government shutdown.

EU backs small parcel duties to tackle China import flood

EU states on Thursday agreed to scrap a bloc-wide duty exemption on low-value orders from the likes of retail giants Temu and Shein to help tackle a flood of cheap Chinese imports.

Swiss economy minister back in Washington for tariff talks

Switzerland's economy minister Guy Parmelin was back in Washington for talks on Thursday, for the third time since the Alpine country was clobbered with huge tariffs.

Amazon robotics lead casts doubt on eye-catching humanoids

Flashy humanoid robots that have awed attendees at Web Summit in Lisbon this week are still far from revolutionising physical labour in factories and warehouses, Amazon's chief roboticist told AFP.

How embracing 'ickiness' helped writer Szalay win Booker Prize

Writer David Szalay deliberately dared his readers to face up to the "ickiness" of an affair between a 15-year-old boy and his much older married neighbour in the first chapter of his new book, "Flesh".

World oil market 'lopsided' as supply outpaces demand: IEA

The world's oil market is experiencing a period of imbalance as growing supply outstrips demand despite stronger deliveries to China, the International Energy Agency (IEA) said Thursday.

Stocks waver as US government shutdown ends

Stock markets wavered on Thursday after President Donald Trump signed a spending bill to end a record-long US government shutdown.

Google to pay millions to South African news outlets: watchdog

Google will pay more than $40 million to support South African news media, many of them floundering in a digital age, the country's competition authority said Thursday.

EU probes Google over news site rankings despite Trump threats

The EU launched a fresh investigation into Google Thursday over suspicions the US giant is pushing down news outlets in search results, despite retaliation threats from US President Donald Trump.

UK economic gloom deepens before budget

Britain's economy slowed in the third quarter, official data showed Thursday, dealing another blow to the Labour government ahead of its annual budget.

Burberry narrows first half loss on turnaround plan

Burberry said Thursday it narrowed losses in its first half thanks to the British luxury fashion label's turnaround plan begun a year ago.

Stocks rise with focus on Fed, tech as US government reopens

Asian markets rose on Thursday after Donald Trump signed a spending bill to end a record US government shutdown, while focus was also turning to Federal Reserve interest rates and tech bubble worries.

In Kyrgyzstan, world's largest natural walnut forest thins away

Rustling through fallen golden leaves, locals in a forest outside Arslanbob in the Kyrgyz mountains were scurrying for walnuts -- an ancient pastime and economic lifeline for the region.

Striking Boeing defense workers to vote on latest contract

More than 3,000 striking Boeing defense workers will vote Thursday on a revised contract proposal that comes closer to their demands.

Australia's opposition ditches commitment to net zero emissions

Australia's conservative opposition said Thursday it will drop its commitment to achieving net zero emissions by 2050 if it wins power and leads a country dependent on fossil fuels but highly vulnerable to climate change.

Stocks stutter with focus on Fed, tech after US reopen vote

Asian markets trod water Thursday as euphoria over the end of a record US government shutdown petered, with focus back on Federal Reserve interest rates and tech bubble worries.

Record rains turn Argentina's farm-filled Pampas plains to wetlands

Parts of the Argentine Pampas, a vast expanse of flat grasslands, look more like wetlands these days following record rains, with local farmers warning of a "catastrophic" impact to their livelihoods.

Coin Press - Economy (English)