Coin Press - Economy

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Featured

Trump says Hormuz to 'completely open' Friday after US-Iran peace deal

US President Donald Trump said on Monday the Strait of Hormuz would be fully open later in the week, after Washington and Tehran announced a deal to end the Middle East war.

Timeline of Trump-linked resort project in Albania

Protests have swept Albania for more than two weeks over plans for a luxury hotel project linked to US President Donald Trump's son-in-law Jared Kushner.

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Oil, stocks mixed as traders weigh Trump's latest Iran strike pause

Oil prices and stocks were mixed Friday as early optimism fuelled by Donald Trump's decision to again push back a deadline for Iran to reopen the Strait of Hormuz petered.

New Zealand, Australia say Olympic gender rules bring 'clarity'

New Zealand's Olympic Committee said Friday that an IOC ruling that only "biological females" will be allowed to compete in women's events would bring greater "clarity" and "fairness" to future Games.

Cryptocurrencies aiding Iran during war

Since the start of the Middle East conflict, Iran has witnessed massive cryptocurrency flows.

Myanmar travellers ride the rails as fuel prices rise

Myanmar's ageing railway stations are bustling with life, crowded with passengers as surging fuel prices due to the Mideast war drive commuters to choose trains over costly planes and cars.

Trump moves deadline for striking Iran energy sites

US President Donald Trump has pushed back his deadline for strikes on Iran's energy assets, saying talks on ending the war were "going very well" as Israel announced fresh strikes on Tehran early Friday.

Cyclone triggers outages at major Australian LNG plants

A cyclone off Australia triggered outages at two of the world's largest LNG plants, energy giant Chevron said Friday as Middle East turmoil stoked soaring demand for the fuel.

OpenAI shelves plans for erotic chatbot

OpenAI has put plans for a sexually explicit chatbot on hold indefinitely, the company said Thursday, amid mounting concerns about the societal and reputational risks of releasing such a product.

Oil climbs, stocks slide as Iran war uncertainty reigns

Oil prices jumped and equities slid Thursday as hopes for a peace deal between the United States and Iran wavered, with US President Donald Trump threatening to "obliterate" the country even as he claimed negotiations to end the conflict were ongoing.

Joy, scepticism across west Africa after UN vote on slave trade

Ghanaians in the streets of the capital Accra were full of pride -- and already looking toward future "justice" -- Thursday after the United Nations recognised the transatlantic slave trade as "the gravest crime against humanity."

Parmesan exports doing grate... but sales melt in Italy

For the first time more than half of Parmesan cheese was exported, as Italy's population declines and consumers watch their spending, producers said Thursday.

Cuban children's heart hospital makes tough choices amid US blockade

Doctors at Cuba's main pediatric heart hospital face wrenching decisions as a US fuel blockade further strains an already fragile health system: which children receive life-saving treatment first -- and which must wait longer.

Police detain French ex-cop suspected of killing mothers of his children

Portuguese police have arrested a former French police officer suspected of killing his partner and his ex-girlfriend after kidnapping them and their children.

Africa sets out stall for cotton at the WTO

African countries are taking a stand at the World Trade Organization to bolster their cotton sector, launching a platform tasked with mobilising investment to transform the cotton, textile and clothing value chain.

WTO mulls future of global trading under cloud of Mideast war

The World Trade Organization's ministerial conference opened Thursday against a backdrop of heightened trade tensions and global economic turmoil linked to the Middle East war.

Germany unveils rescue plan for struggling chemical sector

The German government and the country's chemical industry on Thursday presented a sweeping plan to help the ailing sector as it faces new headwinds from the Middle East war energy shock.

South Africa disinvited from G7 in France after US pressure: Pretoria

The United States put pressure on France to disinvite the South African president to the G7 summit in the French town of Evian in June, the South Africsan presidency told AFP Thursday.

French court orders ex-bishop to pay over 1970s child sex abuse

A Paris court has ordered a former Catholic bishop to pay more than $200,000 in damages to a man who accused him of rape and sexual assault in the 1970s, a ruling seen by AFP on Thursday showed.

Italy seizes millions 'embezzled' from Ursula Andress

Italian authorities said Thursday they had seized 20 million euros of assets in Tuscany, including property, vineyards and olive groves, allegedly bought with money embezzled from Bond Girl actress Ursula Andress.

Oil jumps, stocks drop on uncertainty over US-Iran talks

Oil prices jumped and equities slid Thursday as hopes for a peace deal between the US and Iran wavered after Tehran rejected Washington's bid to wind down the nearly four-week war.

EU accuses four porn platforms of letting children access adult content

The European Union accused four pornographic platforms on Thursday of allowing children to access adult content in breach of digital rules, putting the companies at risk of large fines.

EU probes Snapchat over suspected child protection failings

The European Union launched an investigation on Thursday into Snapchat over suspicions the platform is not doing enough to protect children using the app.

G7 meets in France to mend transatlantic rupture on Iran

Foreign ministers from the G7 meet outside Paris from Thursday, with European nations and allies seeking to narrow differences with the US on the Middle East war while keeping other crises such as Ukraine and Gaza high on the agenda.

ByteDance quietly rolls out SeeDance 2.0 globally

Chinese artificial intelligence powerhouse and TikTok creator ByteDance has quietly rolled out its latest video generator SeeDance 2.0 worldwide, while its US rival OpenAI called time on a similar product.

Oil climbs and equities sink amid mixed messages on 'talks'

Oil prices jumped and equities fell Thursday as investors tracked developments in the Middle East amid hopes that US and Iranian officials will bring an end to a conflict that has ramped up fears of an unprecedented global energy crisis.

Oil rises and equities mixed amid mixed messages on 'talks'

Oil prices rose and equities fell Thursday as investors tracked developments in the Middle East amid hopes that US and Iranian officials will bring an end to a conflict that has ramped up fears of an unprecedented global energy crisis.

Venezuela oil reserves both entice and repel energy giants

President Donald Trump's administration is pushing to open Venezuela's untapped natural resources to US investment but the oil-rich Latin American country's outdated infrastructure ismaking energy giants think twice about going all-in.

WTO mulls future of global trade under cloud of Mideast war

The World Trade Organization's 166 members appeared deeply divided as ministers gathered in the Cameroonian capital for a key conference starting Thursday, amid global economic turmoil linked to the Middle East war.

Iran says 'no negotiations' as US warns to accept 15-point deal

US President Donald Trump is ready to "unleash hell" if Iran does not accept a deal to end the nearly four-week Middle East war, the White House warned Wednesday, but a defiant Tehran said it did not intend to negotiate.

Oil prices slip, stocks rally as Washington, Tehran bicker over talks

Oil prices fell and stock markets rallied Wednesday on reports of a US plan to end the war with Iran -- which promptly rejected Washington's overtures, according to state media.

US EPA issues waiver for E15 fuel to address oil supply issues

The US Environmental Protection Agency on Wednesday issued a temporary emergency waiver to allow countrywide sales of higher-ethanol fuel in the summer, Administrator Lee Zeldin said, easing smog controls amid government concerns about adequate supply.

Grieving families hail court victory against Instagram, YouTube

Hearing the news that Instagram and YouTube had been found liable Wednesday for contributing to a young American woman's depression, Lori Schott jumped for joy and wept, as if it were her own daughter who had just won her case.

Oil prices slip, stocks rally on Mideast peace hopes

Oil prices tumbled and stock markets rallied Wednesday on reports of a US plan to end the war with Iran -- which promptly rejected Washington's overtures, according to state media.

Coin Press - Economy (English)