Coin Press - Economy

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Featured

US Fed holds interest rates steady as 'family fight' sees hawks call for hike

The US Federal Reserve held interest rates steady on Wednesday, with Chair Kevin Warsh lauding a "family fight" that saw three policymakers dissent in calling for a rate hike to combat surging inflation.

Campari - king of the spritz - hopes to conquer American heartland

Whether made with Aperol, Campari or Sarti, the spritz has rapidly established itself on terraces across Europe -- with Italy's Campari Group now hoping to conquer the heart of America.

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Chinese chipmaker CXMT soars 500% on debut as AI fuels shortages

China's leading memory chipmaker CXMT became the most valuable company in the mainland after soaring more than 500 percent on its market debut Monday, underscoring how AI demand is boosting the semiconductor sector.

Chinese chipmaker CXMT soars more than 500% on debut

China's leading memory chipmaker CXMT became the most valuable company in the mainland after soaring 500 percent on its market debut Monday, underscoring the impact of AI-driven demand on the semiconductor sector.

Oil prices sink as US-Iran pause fuels fresh Hormuz hopes

Oil prices tumbled Monday as a pause in tit-for-tat strikes between the US and Iran boosted hopes for a return to their ceasefire and negotiations on reopening the Strait of Hormuz.

Indonesia central bank chief steps down early: govt

Indonesia's central bank governor has resigned early as the country battles a weakening currency and other economic woes sparked by the Middle East war, the government said Monday.

New AI tools let readers talk to books

Imagine a world where you could ask a book a question as you read it.

Berlin mourns deadly Islamist Pride attack as police hunt for suspect

Germans on Sunday mourned a deadly Islamist attack near Berlin Pride, while police were hunting for a 21-year-old suspect in the latest ramming assault to shake Germany.

Urgent search for suspect after deadly 'Islamist terror' attack near Berlin Pride

German police on Sunday were hunting for the prime suspect in what authorities called an Islamist terror attack on the outskirts of Berlin Pride late on Saturday, which left one woman dead and 29 others injured.

South Africa's migrant exodus leaves employers short-handed

Zimbabwean farmworker Aaron Majatamhe was heading home at sunset after a shift in one of South Africa's top fruit-producing regions, where bushes laden with bright unpicked citrus stood in rows.

As Zimbabwe's raw lithium ban pays off, ambitions grow

Zimbabwe's first plant to process clean-energy metal lithium -- of which it is Africa's top producer -- is up and running, a milestone in its expanding drive to stop the wholesale export of its raw mineral wealth.

Will heatwaves push European holidaymakers to 'coolcations'?

European holidaymakers worn down by recurrent heatwaves are currently snubbing Mediterranean destinations for northern climes in hopes of cooler temperatures, but it remains to be seen whether it is just a fad or a durable shift in the tourism market.

German police hunt suspect after deadly car ramming near Berlin Gay Pride

German police searched on Sunday for a suspect believed linked to Islamist circles after a car ploughed into a crowd near Berlin's Gay Pride celebrations, killing one person and wounding 16 others.

US Federal Reserve expected to hold rates steady as inflation swirls

The US Federal Reserve is set to hold its second meeting under new chairman Kevin Warsh starting Tuesday, with markets expecting policymakers to keep interest rates steady amid inflation concerns that could be exacerbated by US President Donald Trump's renewed war on Iran.

Merz vows justice after deadly car ramming near Berlin Gay Pride event

German Chancellor Friedrich Merz vowed Sunday to punish those responsible after a car struck people near of Berlin's Gay Pride celebrations, killing at least one person and wounding 16 others.

Merz vows justice after deadly car attack near Berlin Pride event

German Chancellor Friedrich Merz vowed Sunday to punish those responsible after a car struck people on the outskirts of Berlin's Gay Pride celebrations, killing at least one person and wounding 16 others.

'Betrayal': The young victims of India's exam leak scandal

Growing up with a chronically ill mother in a remote village in India, Rema Begum aspired to become a doctor until her dream was cut short by her own tragic death.

'The Odyssey' sparks IMAX stampede -- and a backlash

Box office phenomenon "The Odyssey" by Christopher Nolan has been a powerful promotional tool for IMAX cinema technology, but it has also provoked a backlash online about its perceived elitism.

Paramount agrees to delay Warner Bros. merger

Paramount Skydance agreed on Friday to delay its $110 billion merger with Warner Bros. Discovery while a US lawsuit seeking to block the deal moves forward.

Mixed day for global equities as oil prices retreat

The main international oil contract Brent North Sea fell back under $100 Friday after surging past the key milestone the previous day on escalating Middle East strikes, helping US and European stock markets stabilize.

Trump tariff wall set to stay after Supreme Court blow: analysts

Circumventing the US Supreme Court, President Donald Trump has found a way to resurrect his tariff wall in a fashion that analysts say could prove more durable to legal challenges.

Canada inaugurates US border bridge after cancelling joint ceremony

Canada quietly inaugurated a border bridge with the United States on its own on Friday, after cancelling a joint ceremony following this week's announcement of new US tariffs on several Canadian products.

Trump says EU to pay 'very big price' for Google fine

US President Donald Trump on Friday threatened to hit the European Union with tariffs and a formal trade investigation over Brussels' latest antitrust penalty against Google.

Anthropic bets on cheaper AI with new model

Anthropic on Friday released Claude Opus 5, a new artificial intelligence model the company says approaches the performance of its most powerful system at half the price.

British sprinter Ujah denies alleged cryptocurrency fraud

British sprinter CJ Ujah has denied being involved in an alleged cryptocurrency fraud.

Stock markets recover as oil retreats

Autonomous fighter jets target Europe market at Farnborough airshow

As Europe ramps up its rearmament drive, US aerospace giant Boeing is seeking a foothold in the emerging market for autonomous fighter aircraft, showcasing its capabilities at the Farnborough airshow this week.

MEXC Expands Ondo Tokenized Stock Offerings with AI Infrastructure and Mining Assets

MEXC, a pioneer in 0-fee digital asset trading, announced the expansion of its Ondo tokenized stock offerings as part of its collaboration with Ondo Finance, with the addition of four new tokenized U.S. stocks spanning AI infrastructure and mining companies. The latest additions broaden users' access to some of today's most closely watched investment themes.

Wildberries: Russia's Amazon that became a target for Kyiv

Ukraine has hit the warehouses of Russia's largest online retailer Wildberries -- Moscow's equivalent of Amazon -- at least three times in a week, killing several employees, causing fires and business losses.

UN urges evacuation of 6,000 sailors stranded in Hormuz strait

The United Nations on Friday called for the safe evacuation and repatriation of some 6,000 sailors stuck in a "dire humanitarian and human rights crisis" in the Strait of Hormuz.

Oil prices retreat after surge, as stock markets diverge

The main international oil contract Brent North Sea fell back under $100 Friday after surging past the key milestone the previous day on escalating Middle East strikes.

Volkswagen profits skid on one-off costs, China competition

Volkswagen said Friday that net profit fell by a third in the second quarter as the crisis-hit carmaker -- weighing up to 100,000 job cuts worldwide -- grappled with increasing competition in and from China.

South Korean tycoon ordered to pay $644m in divorce

A South Korean court ordered an AI chip-manufacturing tycoon on Friday to make a trimmed-down $644 million divorce payment to his former wife.

Volkswagen profit plunges as carmaker weighs mass job cuts

Volkswagen said Friday that its net profit plunged in the second quarter as the crisis-hit carmaker, weighing up to 100,000 job cuts worldwide, grapples with increasing competition in and from China.

Coin Press - Economy (English)