Coin Press - Economy

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Iran activates air defences as Trump faces congressional deadline

Tehran's air defences were activated to counter small aircraft and drones late Thursday, as the White House signalled that it will not be reined in by a congressional deadline on the Iran war.

Crude edges up after wild swing, stocks track Wall St rally

Oil prices edged up Friday after the previous day's wild swings, with investors awaiting the next move in the Middle East crisis, while stocks rose in holiday-thinned trade following a tech-led record day on Wall Street.

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Greenland prepares next generation for mining future

At the Greenland School of Minerals and Petroleum, a dozen students in hi-viz vests and helmets are out for the day learning to operate bulldozers, dump trucks, excavators and other equipment.

Havana refinery fire under control as Cuba battles fuel shortages

A fire broke out Friday at a refinery at the port in Cuba's capital but was soon brought under control, authorities said, as the island nation stuggles under what amounts to a US oil blockade.

Ghana rallies round traditional tunic after foreign mockery

Ghanaians have rushed to defend their colourful handwoven "fugu" smocks after President John Mahama's wearing of the loose-fitting traditional garment on a recent state visit to Zambia caused an online storm.

England rugby captain Itoje slams Ratcliffe's 'ridiculous' immigration comments

England rugby union captain Maro Itoje has labelled Manchester United co-owner Jim Ratcliffe's controversial comments about immigration as "ridiculous" and "wrong".

US Congress impasse over immigration set to trigger partial shutdown

A prolonged impasse between US lawmakers over immigration enforcement threatens to ensnare the Department of Homeland Security (DHS) in a partial government shutdown beginning Saturday, following two fatal shootings in Minneapolis.

International crew en route to space station

Four astronauts were on their way to the International Space Station Friday after they successfully embarked on their research mission to the orbiting laboratory.

China's fireworks heartland faces fizzling Lunar New Year sales

A fiery crack of red and gold explodes above a village in China's pyrotechnics hub of Liuyang, where residents are accustomed to ear-splitting fireworks tests year-round.

Bangladesh's Yunus 'banker to the poor', pushing democratic reform

After a life dedicated to fighting extreme poverty, Bangladesh's 85-year-old Nobel-winning microfinance pioneer Muhammad Yunus is set to end his biggest mission.

L'Oreal shares sink as sales miss forecasts

L'Oreal shares fell heavily on the Paris stock market on Friday after the cosmetics giant posted sales that fell short of analyst expectations, stoking fears of weakness for its luxury brands and in the key Chinese market.

Three dead, many without power after storm lashes France and Spain

Three people have died in weather-related accidents in France and Spain after a storm tore through the region, officials said Friday, ripping up trees and flooding roads and leaving many thousands without power.

US Congress impasse over migrant crackdown set to trigger partial shutdown

A prolonged impasse between US congressional Republicans and Democrats over immigration enforcement threatens to ensnare the Department of Homeland Security (DHS) in a partial government shutdown beginning Saturday, following two fatal shootings in Minneapolis.

AI's bitter rivalry heads to Washington

Anthropic's major donation to a political group that competes with an OpenAI-backed organization has highlighted a bitter rift over AI regulation -- a key issue heading into the US midterm elections.

Japan seizes Chinese fishing vessel, arrests captain

Japan seized a Chinese fishing boat and arrested its skipper, authorities said Friday, an incident that could deepen a spat between the Asian giants.

NASA crew set for flight to ISS

NASA is set to launch four astronauts to the International Space Station on Friday, replacing a crew that was evacuated early due to a medical issue.

Europe's most powerful rocket carries 32 satellites for Amazon Leo network into space

The most powerful version of Europe's Ariane 6 rocket Thursday carried 32 satellites into space for the Amazon Leo network, which aims to rival Elon Musk's Starlink.

EU vows reforms to confront China, US -- but split on joint debt

EU leaders pledged after talks Thursday to move ahead swiftly with reforms to revive Europe's flagging economy but were split on calls for joint debt to help the bloc confront twin threats from China and the United States.

Stocks diverge as all eyes on corporate earnings

Stock markets diverged Thursday as traders digested a string of company earnings that mostly suggested economic resilience in line with a bumper US jobs report for January, even though the chances of Federal Reserve interest rate cuts receded.

Russia cracks down on WhatsApp as it pushes state-backed rival

Russia has blocked the popular messaging service WhatsApp over its failure to comply with local legislation, the Kremlin said Thursday, urging its 100 million Russian users to switch to a domestic alternative.

HK firm CK Hutchison threatens legal action if Maersk takes over Panama ports

Hong Kong-based conglomerate CK Hutchison warned Thursday of possible legal action against Danish firm Maersk and others over the annulment of its contract to operate two ports on the Panama Canal.

Russia is cracking down on WhatsApp and Telegram. Here's what we know

Russia announced Thursday it had blocked WhatsApp over its alleged failure to comply with Russian legislation, days after restricting access to rival messaging service Telegram for similar reasons.

Stocks rise as all eyes on corporate earnings

Stock markets advanced Thursday as traders digested a string of company earnings that mostly suggested economic resilience in line with a bumper US jobs report for January, even though the chances of Federal Reserve interest rate cuts receded.

Turkey's central bank lifts 2026 inflation forecasts

Turkey's central bank on Thursday increased its estimates for inflation as officials try to rein in soaring price increases that have weighed on the economy for years.

UK economy struggles for growth in fresh blow to government

Britain's economy grew less than expected in the final quarter of 2025, according to official data Thursday, dealing a fresh blow to embattled Prime Minister Keir Starmer and his government.

UK nursery worker faces jail for serial child sex abuse

A UK childcare worker appeared in court Thursday to be sentenced for years of child sexual abuse, as the government considers making CCTV mandatory in nurseries after a string of similar cases.

Anti-racism body slams Man Utd co-owner for 'disgraceful' immigration comments

A leading British football anti-discrimination body on Thursday slammed as "disgraceful" comments by Manchester United co-owner Jim Ratcliffe claiming the "UK has been colonised by immigrants".

Mercedes-Benz net profit nearly halves amid China, US woes

German carmaker Mercedes-Benz reported Thursday its lowest annual profit since the Covid pandemic, as it counted the cost of US tariffs and cutthroat competition in China.

European stocks rise tracking earnings, US jobs

European stock markets rose Thursday as traders digested a string of company earnings and a stronger-than-expected US jobs report, which boosted optimism about the health of the world's largest economy.

Hermes sales rise despite US tariffs, currency headwinds

French luxury house Hermes reported Thursday an increase in 2025 sales even though it faced steep US tariffs and a weak dollar, which made its leather handbags and other goods more pricey for customers worldwide.

Pro-Kremlin accounts using Epstein files to push conspiracy: AFP research

Pro-Kremlin social media accounts are using the latest Jeffrey Epstein document release to bolster their efforts to spread baseless claims that Russia has saved Ukrainian children from sex trafficking, AFP research showed Thursday.

Sanofi says board has removed CEO Paul Hudson

French pharmaceutical giant Sanofi has removed Paul Hudson as chief executive, thanking him Thursday for "valuable contributions" but without giving any reason for his surprise exit.

Struggling Nissan forecasts $4.2 bn full-year net loss

Japanese automaker Nissan said on Thursday it expected to suffer a net loss of 650 billion yen ($4.2 billion) in its fiscal year that ends in March, as it struggles with sluggish sales.

Asia markets mixed as stong US jobs data temper rate expectations

Stocks were mixed on Thursday as investors weighed a bumper US jobs report that eased concerns about the state of the world's top economy but forced them to pare back their bets on Federal Reserve interest rate cuts.

Coin Press - Economy (English)