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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Carney links Trump's new tariff threat to N. America trade deal review

Prime Minister Mark Carney on Monday downplayed US President Donald Trump's latest tariff threat against Canada, saying the comments should be viewed with an eye toward an upcoming trade deal review.

Ryanair's quarterly net profit slides on Italy fine

Irish no-frills airline Ryanair on Monday announced an 80 percent drop in net profit for its third quarter, impacted by a hefty fine from Italy's competition authority.

New Nepali political party fields LGBTIQ candidates

Nepali sexual and gender minorities unveiled their candidates in a new political party on Monday ahead of March elections, challenging an ageing political elite ousted in last year's mass uprising.

Dollar sinks on yen intervention talk, gold breaks $5,100

The dollar fell and gold hit fresh high on Monday amid uncertainty over domestic US policies and speculation of US-Japanese coordination to support the yen.

EU opens probe into Musk's Grok over sexual AI deepfakes

The EU on Monday hit Elon Musk's X with an investigation over AI chatbot Grok's generation of sexualised deepfake images of women and minors, in the latest step of an international backlash against the tool.

German business morale still muted in January

German business sentiment held steady at a low level in January, a survey showed Monday, with firms still pessimistic about any sustained recovery in Europe's biggest economy.

Haute Couture Week begins in Paris

Four days of ultra-exclusive Haute Couture fashion shows get underway in Paris on Monday, but how is the calendar constructed and who gets to take part? AFP has the answers.

Swinging to win: 'The Invite' delivers comedy gold at Sundance

Most marriages have those moments: people are coming for dinner; one of you isn't really in the mood. But not everyone finds out that their guests are into raucous group sex -- and want you to join them.

Second death in Minneapolis crackdown heaps pressure on Trump

The Trump administration faced intensifying pressure Sunday over its mass immigration crackdown in Minneapolis, after federal agents shot dead a second US citizen and graphic cell phone footage again contradicted officials' immediate description of the incident.

What is Russia's 'shadow fleet' and how does it work?

France's interception of an oil tanker suspected of being part of Russia's "shadow fleet" draws attention to how the vessels allegedly operate in order to escape Western sanctions.

India's Bollywood bets big on 'event cinema'

India's Bollywood is moving decisively towards a cinema of scale and confrontation -- where patriotism, spectacle, and ideological clarity increasingly trump nuance and narrative risk, industry insiders say.

US Fed set to keep rates steady as officials defend independence

The US Federal Reserve is widely expected to keep interest rates unchanged when it meets in the coming week, holding firm despite President Donald Trump's pressure to slash levels as it guards against threats to its independence.

Federal agents shoot dead another person in Minneapolis

Federal immigration agents shot dead a man in Minneapolis on Saturday, officials said -- the second fatal shooting of a civilian in the city, sparking fresh protests and outrage from state officials.

Minnesota governor slams 'another horrific shooting' by federal agents

Minnesota Governor Tim Walz said Saturday that federal agents deployed in Minneapolis as part of a sweeping immigration crackdown had carried out "another horrific shooting," less than three weeks after the fatal shooting of Renee Good.

Trump threatens Canada with 100% tariff if it completes China trade deal

US President Donald Trump on Saturday warned Canada that if it concludes a trade deal with China, he will impose a 100 percent tariff on all goods coming over the border.

Wall Street intends to stay open around the clock

The closing and opening bells of the New York Stock Exchange (NYSE) may become a ringing ritual of yesteryear, as the market moves toward nonstop trading.

Europe and India seek closer ties with 'mother of all deals'

India and Europe hope to strike the "mother of all deals" when EU chiefs meet Prime Minister Narendra Modi in New Delhi next week, as the two economic behemoths seek to forge closer ties.

Gold nears $5,000, silver shines as stocks churn to end turbulent week

Global stocks were subdued and precious metals hit new highs Friday as US President Donald Trump followed up conciliatory comments on Greenland with a fresh warning on Iran.

France probes deaths of two babies after powdered milk recall

France's health minister on Friday sought to reassure consumers that all suspicious infant formula had been withdrawn, as an investigation began into the deaths of two babies who drank possibly contaminated powdered milk.

Gold nears $5,000, silver shines as stocks slip on turbulent week

Global stocks were subdued and precious metals hit fresh highs Friday after a turbulent week that saw US President Donald Trump back down from threats to seize Greenland and hit European allies with fresh tariffs.

Gold nears $5,000, global stocks muted ending turbulent week

France trolls US, Russia misinformation on X

When top US diplomat Marco Rubio criticised European culture on X this week, a team at the French foreign ministry was swift to hit back online.

German auto supplier ZF axes electric projects as demand stalls

Major German automotive supplier ZF Friedrichshafen said Friday it had scrapped some of its electric vehicle projects due to lacklustre demand, leading it to expect an annual loss.

ECB chief thanks Davos 'euro-bashers' as welcome wake-up call

After a week of hearing various US officials denigrate Europe, its leaders and its regulations at Davos, ECB chief Christine Lagarde said Friday that the harsh words could be just what the continent needed.

Trump says US 'armada' headed toward Gulf

President Donald Trump said a US "armada" was heading toward the Gulf and that Washington was watching Iran closely, even after downplaying the prospect of imminent military action and saying Tehran appeared interested in talks.

Pakistan battles legions of fake doctors

Rusted nails hold used infusion tubes on the wall of a clinic run by one among hundreds of thousands of unqualified doctors operating across Pakistan.

Masar Destination Achieves LEED for Communities Gold Certification

Affirming its Commitment to Sustainability

NYC sues to block Dr. Phil-fronted police TV show

New York City has sued to block a TV show about the police department fronted by celebrity psychologist Dr. Phil that local officials say is "extremely problematic."

Ecuador, Colombia ramp up trade war with tit-for-tat energy levies

Colombia and Ecuador punished each other with dueling levies Thursday on fuel and other imports, escalating a trade and diplomatic feud over narco activity on their shared border.

Trump sues JPMorgan Chase, CEO Dimon, claims 'debanked' for politics

US President Donald Trump sued JPMorgan Chase and CEO Jamie Dimon on Thursday, alleging he was wrongly "debanked" for political reasons, according to a civil complaint.

Musk's Grok created three million sexualized images, research says

Elon Musk's AI chatbot Grok generated an estimated three million sexualized images of women and children in a matter of days, researchers said Thursday, revealing the scale of the explicit content that sparked a global outcry.

Venezuela looks to petrodollars to bring down prices

The United States' grab for Venezuela's oil, while shocking, may yet provide a short-term boost for the South American nation's haggard economy.

Coin Press - Economy (English)