Coin Press - Economy

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Featured

Cables and cooling bring AI windfall to Indian suppliers

At a bustling factory in western India, technicians work around the clock to turn glass into hair-thin fibre-optic strands destined for data centres powering the global artificial intelligence boom.

Oil industry sees war windfall but girds for political blowback

US oil giants are set to report blowout profits Friday at a time when lofty gasoline prices are stressing consumers and exacerbating President Donald Trump's worries about upcoming midterm elections.

Last news

Under Trump pressure, EU seeks deal to end trade standoff

The EU headed into late-night talks Tuesday seeking a deal towards implementing its nearly year-old trade pact with the United States -- with an impatient President Donald Trump threatening steep new tariffs unless it is done by July 4.

Airbus seeks to cut peripheral expenses due to Mideast war

European aviation giant Airbus has asked its teams to cut "non-essential expenses" by 10 percent due to turbulence following the Middle East war, according to a document seen by AFP.

Oil dips, stocks mixed after Trump holds off on Iran attack

Oil prices eased Tuesday but remained above $100 a barrel while stocks wavered as investors tracked a potential deal between the US and Iran to end a war that has sent energy prices soaring.

France says G7 finance talks 'frank, sometimes difficult'

France's finance minister acknowledged Tuesday that two days of talks among leading global economies were "sometimes difficult", even as the group agreed a statement committing to multilateral cooperation in combatting growing economic risks.

Stocks rise, oil dips after Trump holds off on Iran attack

Stock markets mostly rose Tuesday as investors tracked easing oil prices and cautious optimism over a potential deal between the US and Iran to end a war that has sent energy prices soaring.

Germany starts sale of bailed-out energy firm Uniper

Germany had started the process to sell most of its stake in energy giant Uniper, the government said Tuesday, more than three years after nationalising the company following its near collapse amid the Ukraine war.

Germany starts sales process for bailed-out energy firm Uniper

Tech stocks retreat, oil dips after Trump holds off on Iran attack

Asian markets wavered Tuesday, with tech stocks leading losses as investors tracked easing oil prices and cautious optimism over a potential US-Iran deal.

Stellantis joins race to build mini-EVs for Europe

Stellantis, owner of the Jeep and Fiat brands, announced Tuesday that it would start building smaller, low-cost electric cars for the European market, where demand for clean-energy vehicles has fallen short of automakers' hopes.

Japan economy grows faster than expected in first quarter

Japanese economic growth surpassed expectations at the start of 2026, official data showed on Tuesday, but Prime Minister Sanae Takaichi is mulling an extra budget as concerns grow over inflation due to the Middle East war.

China market for Nvidia AI chips to open 'over time': Huang

Nvidia boss Jensen Huang expects China to eventually open its market to high-end US chips that can train and run artificial intelligence systems.

Asian markets cautious, oil dips after Trump holds off on Iran attack

Asian markets were mixed Tuesday as oil prices eased on hopes of a US-Iran deal, though elevated crude levels capped investor appetite for risk.

Fans of historic DC park wary of Trump plan to 'beautify' city

Every Sunday, percussionists, dancers and everyday residents of the US capital gather in a Washington park for a drum circle -- a decades-old tradition that historically celebrated Black liberation.

As bee population collapses, US apiarists fear research cuts

In a lot behind a disused West Virginia gas station at the foot of the Appalachian Mountains, Roy Funkhouser is surrounded by about a dozen beekeepers and countless buzzing bees.

US to screen for Ebola at airports, one American in DR Congo infected

The United States said Monday it is bolstering precautions to prevent the spread of Ebola, including screening air travelers from outbreak-hit areas and temporarily suspending visa services.

Oil rises, global stocks mixed as markets track Iran developments

Global stock markets were mixed Monday and oil prices rose while investors digested shifting developments in the Middle East as US President Donald Trump said he postponed a planned attack on Iran at the request of Gulf leaders.

Trump says holding off on new Iran attack

US President Donald Trump said Monday he had held off on imminent plans to resume attacking Iran, piling pressure as Tehran rebuffs his demands for ending the war.

'Girl in the River Main' identified 25 years on, father arrested

A teenager nicknamed "The Girl in the River Main" after her body was found floating in Germany a quarter-century ago bearing signs of abuse has finally been identified, leading to her father's arrest, Interpol said Monday.

SNC Scandic Coin and Biconomy: Regulated real-world assets meet global trading infrastructure

The global corporation Scandic Finance Group (SFG) from Hong Kong is taking an unusual path: with the SNC Scandic Coin (SNC), it is launching a digital asset on the market that is not intended purely as a speculative object but as a genuine means of payment, an access medium and a customer loyalty instrument. The token is the core of a large ecosystem comprising media, mobility, technology, real estate and security services, in which users are meant to pay for their daily needs with a single digital currency. Following the announced listings on BitMart and L-Bank, SFG has now announced that Biconomy has been won as the third of five major exchange partners. This cooperation is intended to massively increase the international reach of the SNC and put the vision of a regulated, practical real-world asset token into practice.A new kind of utility tokenUnlike many hype coins, the SNC Scandic Coin focuses on clear use cases. According to the SFG board, the letters “SNC” stand for security/synergy, network and community and reflect Scandinavian values such as transparency, modern design and technological affinity. The fixed total supply of one billion tokens and the planned issue price of USD 0.02 per SNC limit the supply and create long-term planning certainty. A detailed vesting plan ensures that new tokens are released only gradually; according to the white paper, the proceeds from the sale flow into security measures, audits, the expansion of SFG infrastructure and liquidity, as well as into marketing and operations.The Scandic platforms – including Scandic Fly, Scandic Pay, Scandic Cars, Scandic Estate, Scandic DEV, Scandic SEC, Scandic Domains and Scandic Yachts – plan to accept the coin in future for flight and yacht charters, vehicle and property purchases, apps, artificial intelligence services and domain services. In addition, users will receive cashback, rewards and access to exclusive services such as luxury travel and premium media offerings, which the Legier-Group markets worldwide through its portfolio of over 115+ daily newspapers across all continents, and even operates its own Global-News-App.Security and regulation occupy a central position in this project. The SNC smart contract was audited by CertiK; the publicly accessible Skynet report of 2 March 2026 found no critical vulnerabilities. For the KYC/KYB processes and anti-money laundering controls, SFG cooperates with the data and credit provider CRIF. A multi-layered risk management system is intended to ensure compliance and ESG certificates. This strong regulatory basis is decisive for establishing a utility token in the highly regulated environment of real-world assets.

Judge allows gun as evidence in Mangione healthcare exec murder trial

The US judge overseeing Luigi Mangione's New York state trial for the murder of a healthcare executive decided Monday to admit crucial items of evidence including a gun and a notebook.

Oil rises, bond yields weigh on stocks

Stock markets diverged Monday as investors worried about borrowing costs, while oil prices rose as US President Donald Trump ratcheted up pressure on Iran.

Middle East tourism pain is Europe's gain

Europeans are choosing to vacation closer to home as the war in the Middle East has amplified security concerns and made long-haul flights more expensive.

Oil prices dip on report of US sanctions relief for Iran during talks

Oil prices turned lower in afternoon trading Monday and stock markets advanced after an Iranian media report said US officials had agreed to suspend sanctions against its crude while talks on ending the war continue.

Transport protests hit Kenya over rising fuel prices

Kenya's public transport system was paralysed on Monday, when protesters barricaded roads over fuel price hikes triggered by the Middle East war.

Swatch blames shopping centres for 'problems' with star product launch

Swiss watch giant Swatch said Monday insufficient organisation by shopping centres contributed to scuffles at around 20 stores worldwide over the weekend as clients raced to buy a limited-edition timepiece.

Stocks drop, oil climbs after fresh Trump warning to Iran

Stock markets mostly retreated and oil prices gained Monday after US President Donald Trump issued a new warning to Tehran, saying it must move quickly towards a peace deal or "there won't be anything left of them".

Twins wow Cannes with 'mesmeric' tale of Nigeria's rich

The Lagos of Arie and Chuko Esiri's Cannes Film Festival hit "Clarissa" is not one that has ever been seen on the big screen.

Ryanair flags Iran war uncertainty as annual profit jumps

Irish no-frills carrier Ryanair reported Monday a sharply higher annual profit but warned that the Middle East war has clouded its outlook for the year ahead.

Kenya's new poaching problem: smuggling Giant Harvester Ants

Kenyan ant expert Dino Martins gushes over the red and black insects that have become the centre of an international smuggling trade.

China's April consumption, factory output growth slowest in years

China's consumer spending and factory output grew at their slowest pace in years last month, official data showed Monday, a stark sign of the challenges Beijing faces to reignite domestic activity.

Asian stocks sink, oil rises on US-Iran deadlock

Most Asian shares were lower in morning trade on Monday, extending slides in global markets, as the impasse in the Middle East drove oil prices more than two percent higher.

He said, she said, AI said: Wall Street sex scandal rivets and confounds

A Wall Street banker's explosive sexual harassment lawsuit against a female executive has triggered a torrent of salacious falsehoods muddying the waters -- with AI-created deepfakes and memes fueling the frenzy.

Coin Press - Economy (English)