Coin Press - Economy

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China factory activity loses steam in January

China's factory activity slowed in January, official data showed Saturday, missing forecasts after a brief rise into positive territory at the end of last year.

Melania Trump's atypical, divisive doc opens in theatres

"Melania," the Amazon MGM-produced documentary following the typically guarded US first lady as she prepares for her husband Donald's second inauguration, opened in theatres Friday.

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Under pressure? EU states on edge over migrant burden-sharing

Which EU countries face the most pressure from migration? The question is proving deeply divisive as capitals scramble to agree by year-end how to redistribute at least 30,000 asylum seekers across the bloc.

US influencers falsely associate Mamdani with extremist group

US right-wing influencers falsely linked New York's mayor-elect Zohran Mamdani to the Islamic State group, amplifying a fabricated statement that garnered millions of views on social media, researchers said Thursday.

US facing travel chaos as flights cut due to govt shutdown

Travelers across the United States were left scrambling to rebook flights as the government shutdown heaps pressure on the country's air traffic control system, prompting hundreds of Friday flight cancellations at major American airports.

Zuckerbergs put AI at heart of pledge to cure diseases

The Chan Zuckerberg Initiative, a nonprofit launched by Mark Zuckerberg and his wife aimed at curing all disease, on Thursday announced it was restructuring to focus its efforts on using artificial intelligence to achieve that goal.

US set for travel chaos as flights cut due to govt shutdown

Travelers across the United States prepared on Thursday for potential chaos ahead of widespread flight cancellations ordered by authorities due to the federal government shutdown.

'Our brother-in-law': Arab world embraces New York's new mayor

The newly elected mayor of New York City, Zohran Mamdani, is married to Rama Duwaji, a woman of Syrian descent. For many in Syria, that practically makes him family.

Stocks slide as investors weigh data, interest rate cuts

US and European stocks slumped Thursday as investors weighed another wave of corporate results, economic data and the likelihood of another interest rate cut.

US judge drops criminal charges against Boeing over 737 MAX 8 crashes

A US judge dropped criminal charges against Boeing on Thursday over deadly crashes of its 737 MAX 8 aircraft as part of an agreement between the company and prosecutors.

Stocks slip as investors weigh earnings, tariffs

US and European stocks sputtered Thursday as investors weighed another wave of corporate results, interest rates, the US government shutdown and a Supreme Court hearing on President Donald Trump's tariffs.

Teetering Belgian government given more time to agree budget

Belgian Prime Minister Bart De Wever gave his deadlocked ruling coalition more time to agree a cost-cutting budget on Thursday, staving off fears of an imminent government collapse.

Merz backs EU plan to protect steel sector from Chinese imports

Germany supports proposals by the EU to increase tariffs on foreign steel as the bloc struggles with cheap imports, especially from China, Chancellor Friedrich Merz said Thursday.

Bank of England leaves rate unchanged before UK budget

The Bank of England kept its key interest rate at 4.0 percent Thursday, opting against a cut before the UK government's annual budget this month set to feature tax rises.

Drugmaker AstraZeneca profit jumps as US business grows

British pharmaceutical giant AstraZeneca announced surging quarterly profit Thursday on strong sales of cancer drugs and as the group zones in on the United States, pressured by President Donald Trump.

European stocks fall after gains in Asia, US

European stock markets dropped Thursday following gains in Asia and on Wall Street as traders reacted to positive US jobs data and mixed earnings.

Scandic Trust Group strengthens sales network with First Idea Consultant

As the Hong Kong daily "HongKong Telegraph" recently learned, the SCANDIC TRUST GROUP, an internationally operating conglomerate that is not active in the hotel industry, is expanding its international sales network: After successfully passing a thorough KYC and AML check (process control to verify identity, prevent money laundering, terrorism financing and all corporate activities) by bankers, the Dubai‑based and internationally active corporate association "FIRST IDEA CONSULTANT" will be integrated into the SCANDIC TRUST GROUP as a new sales partner under the name "SCANDIC SETUP".FIRST IDEA CONSULTANT, founded by internationally experienced bankers under the leadership of Amir Aslam, has for years successfully supported international founders and investors in the legally compliant establishment of companies and business accounts in the Gulf states of the GCC (Gulf Cooperation Council). Thanks to a multilingual team of experts in German, English, Russian, Ukrainian, Hindi, Arabic and Chinese, clients worldwide are accompanied professionally.

US to cancel flights as longest govt shutdown drags on

US officials said the scheduled capacity for flights was being cut by 10 percent in 40 busy air traffic areas nationwide on Friday, as the longest government shutdown drags on.

For Turkey's LGBTQ community, draft law sparks existential alarm

Florence, a drag queen and DJ, has a warning before taking to the stage in an Istanbul nightclub: if Turkey passes a new law policing biological sex and morality, it will "threaten our very existence".

Musk's $1 trillion pay package to face Tesla shareholder vote

Tesla shareholders will determine on Thursday the fate of a massive pay package meant to retain Elon Musk long enough to achieve technological breakthroughs he vows will change the world.

IPL champions Bengaluru could be sold for 'as much as $2 billion'

The owner of India Premier League cricket champions Royal Challengers Bengaluru is considering selling the team, which could be worth "as much as $2 billion".

BoE set for finely balanced pre-budget rate call

The Bank of England is expected to hold its key interest rate unchanged on Thursday but some analysts are not ruling out a surprise cut ahead of the UK government's annual budget.

Asian markets bounce from selloff as US jobs beat forecasts

Asian markets rose Thursday to claw back some of the previous day's hefty losses as investors tracked a bounce on Wall Street sparked by jobs data that soothed worries about the US economy.

Boeing settles with one plaintiff in 737 MAX crash trial

Boeing reached a last-minute settlement in one of two lawsuits in this week's trial in Chicago over a 2019 737 MAX crash that killed 157 people, attorneys announced Wednesday.

Wall Street stocks rebound after positive jobs data

Wall Street stocks advanced Wednesday after better-than-expected jobs data soothed concerns about the US economy with equity buyers stepping in following the prior session's retreat.

Eyes turn to space to feed power-hungry data centers

Tech firms are floating the idea of building data centers in space and tapping into the sun's energy to meet out-of-this-world power demands in a fierce artificial intelligence race.

US Supreme Court appears skeptical of Trump tariff legality

A majority of US Supreme Court justices appeared deeply skeptical of the legality behind a swath of Donald Trump's tariffs, as they heard a landmark case on Wednesday that could uphold -- or upend -- the president's economic agenda.

BMW reports rising profitability, shares jump

BMW on Wednesday reported rising profitability in the last quarter despite slowing Chinese sales and the impact of tariffs, offering some rare good news for Germany's beleaguered auto sector.

US Supreme Court debates legality of Trump's tariffs

US Supreme Court justices questioned the legality behind a wide swath of Donald Trump's tariffs on Wednesday, as they began hearing a landmark case that could uphold -- or upend -- the president's economic agenda.

Wall Street stocks rise after positive jobs data

Wall Street stocks pushed higher on Wednesday after better-than-expected jobs data soothed concerns about the US economy.

Brussels wants high-speed rail linking EU capitals by 2040

The European Commission Wednesday unveiled twin initiatives aimed at slashing transport carbon emissions across the continent -- by expanding high-speed rail links and boosting sustainable fuels for aviation and shipping.

Swiss business chiefs met Trump on tariffs: Bern

Swiss business leaders have met US President Donald Trump to draw his attention to the toll that steep tariffs are taking on their companies, Switzerland's government said Wednesday.

France moves to suspend Shein website as first store opens in Paris

Shein opened its first physical store worldwide in Paris under the eye of riot police, as the French government said it was suspending the Asian e-commerce giant's online platform following outrage over its sale of childlike sex dolls.

Wall Street stocks steady after positive jobs data

Wall Street stocks steadied on Wednesday after better-than-expected jobs data soothed concerns about the US economy.

Coin Press - Economy (English)