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

'Michael' moonwalks back to top of N. America box office

"Michael," the biopic about late music superstar Michael Jackson, has returned to the top spot at the North American box office, showing impressive staying power with audiences, industry estimates showed Sunday.

'Toxic' males Trump, Putin, Netanyahu to blame for wars, says star Bardem

Spanish superstar Javier Bardem, who is winning rave reviews for his latest film role, slammed the "toxic masculinity" of Donald Trump, Vladimir Putin and Benjamin Netanyahu on Sunday which he said was responsible for their wars.

Gucci takes over New York's Times Square for fashion show

Famed Italian fashion house Gucci took over New York's iconic Times Square on Saturday for its second runway show led by creative director Demna.

German 'chemical town' fears impact of industrial decline

Germany's industrial decline is taking a painful toll on communities that have long relied on local manufacturing titans for jobs, prosperity and a sense of a secure future.

Qantas flight diverted after man bites flight attendant

Australia's Qantas was forced to divert a flight bound for the United States over a disruptive passenger, with local media reporting the man bit a flight attendant.

India scrambles to steady rupee as oil shock bites

India is scrambling to salvage a sinking rupee as surging oil prices linked to the Middle East conflict threaten to disrupt the world's fastest-growing major economy.

Crackdown in Southeast Asia pushes scam networks to Sri Lanka

A surge in arrests of suspected foreign scammers in Sri Lanka has authorities concerned that the island is fast becoming a hub for online crime, following sweeping crackdowns in hotspots Cambodia and Myanmar.

Musk wants SpaceX to go public. Here's how it works

Hundreds of companies raised a combined $70 billion by selling shares to the public in the United States last year.

Big risks and rewards in upcoming IPOs at SpaceX, OpenAI, Anthropic

Wall Street is licking its chops over an unprecedented slate of massive IPOs set to arrive in the coming months, beginning with Elon Musk's SpaceX in June.

Dara: dancing to victory at Eurovision

Already a household name in her native Bulgaria, pop singer Dara secured her place on the international stage by winning Eurovision with her infectious song "Bangaranga", which aims to show "everything is possible".

Bulgaria's 'Bangaranga' beat sweeps Eurovision Song Contest

Bulgaria won the Eurovision Song Contest on Sunday with Dara's catchy floor-filler "Bangaranga" sweeping the 70th edition of the world's biggest live televised music event and pushing Israel into second place, whose very participation had triggered a major boycott.

Last 10 Eurovision winners

Here are the last 10 winners of the Eurovision Song Contest, and the total number of wins per country, following the 70th edition in Vienna on Saturday:

Bolivian police clash with protesters blocking roads

Bolivian police and soldiers clashed Saturday with protesters blocking roads into La Paz to press for wage increases and other demands.

Scuffles from Europe to NYC as Swatch sale descends into chaos

The launch of limited edition Swatch watches descended into chaos Saturday in several European cities and New York, with French police firing tear gas to restore order at one store near Paris.

Israel could wean itself off US defence aid, but not yet

Prime Minister Benjamin Netanyahu's call to gradually end Israel's reliance on US military aid could boost strategic flexibility, analysts said, though a full break from Washington's support remains unlikely anytime soon.

Star Julianne Moore hates 'guns and explosions', warns women are losing out

"The Hours" star Julianne Moore said she did not like "explosions and guns" as she bemoaned the drop in leading roles for women in Hollywood Saturday, saying women were being squeezed out everywhere.

Putin to visit China May 19-20, days after Trump trip

Russian President Vladimir Putin will travel to China on May 19 for a two-day visit, hot on the heels of US President Donald Trump's trip to Beijing, the Kremlin said on Saturday.

Drake drops three albums at once

Canadian rapper Drake has dropped a new album, with two more surprise companion albums to boot -- a whopping 43 tracks that stretch over nearly two and a half hours.

Boeing confirms China commitment to buy 200 aircraft

Aerospace giant Boeing on Friday confirmed that China had committed to purchasing 200 aircraft during a visit to Beijing by US President Donald Trump -- a deal that could ultimately balloon with orders for 750 additional planes.

Bolivia unrest continues despite government deal with miners

The Bolivian government struck a deal with protesting miners on Friday, but was still grappling with blockades and demonstrations by other workers across La Paz.

Judge declares mistrial in Weinstein sex assault case

A US judge declared a mistrial in the trial of disgraced cinema mogul Harvey Weinstein after jurors again failed to reach a verdict on allegations he sexually assaulted actor Jessica Mann, prosecutors said.

Canada takes key step towards new oil pipeline

Prime Minister Mark Carney and the leader of Canada's oil‑rich Alberta province took a major step Friday toward building an oil pipeline that could substantially increase crude exports to Asia.

Eurovision finalists tune up as boycotting Spain digs in

Eurovision performers from 25 countries on Friday went through a full dress rehearsal for the grand final, while Spain's prime minister defended the country's boycott of this year's event over Israel's participation.

Bolivia government says deal reached with protesting miners

The Bolivian government said Friday it had struck a deal with thousands of protesting miners who had clashed with police the previous day in La Paz.

French-German tank maker KNDS to push ahead with IPO

KNDS said Friday that it planned to push ahead with plans for a public offering of its shares, despite reports Berlin is seeking a delay as it weighs taking a stake in the tank and weapons maker.

Stocks tumble as US-Iran impasse fuels inflation fears

Global stocks slumped and oil prices rose Friday as talks between the United States and China failed to deliver progress on reopening the Strait of Hormuz, reigniting worries of persistent inflation pressures that could derail economic growth.

Energy-hungry German industries in decline since Ukraine war: data

Germany's energy-hungry industries have suffered sharp falls in output since the start of the Ukraine war, data showed Friday, with little hope of an imminent rebound.

Zimbabwe tobacco hits new highs under smallholder contracts

Rows of green tobacco plants stretched towards the bush in a vast field of a crop that has rebounded to record levels in Zimbabwe, driven largely by smallholders contracted to Chinese firms.

India hikes fuel prices as Middle East war strains supplies

India's state-run oil companies raised petrol and diesel prices by more than three percent on Friday as disruption to energy supplies due to the Iran war mounts pressure on the economy.

Indian PM seeks trade, energy stability on UAE-Europe tour

Indian Prime Minister Narendra Modi began a five-nation tour on Friday, heading to the United Arab Emirates before Europe, overshadowed by energy and supply-chain worries due to the Iran war.

Markets wait on Trump-Xi summit, Seoul hits record

Oil inched higher and Asian markets traded in a narrow range Friday as investors awaited tangible results from US President Donald Trump's talks in Beijing, while an AI stock boom boosted Seoul to a new record.

Egypt farmers hit by Iran war price surge

Egyptian smallholders have seen their lives upended by the war in Iran, with soaring fertiliser and energy prices forcing many to lay off workers and reduce the amount of land they farm.

Coin Press - Economy (English)