Coin Press - Economy

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FIFA vows to go ahead with private investor proposal

World football's governing body FIFA vowed on Friday to press ahead with an "open and democratic" consultation on a proposed private investment plan despite widespread opposition to the proposal.

China factory activity slides as leaders seek spending boost

China's factory activity unexpectedly slid in July, official data showed Friday, as leaders in the world's second-largest economy struggle to reignite domestic demand.

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Iran keeps US waiting for response on peace plan

Iran questioned the seriousness of American diplomacy on Saturday in the wake of renewed naval clashes in the Gulf, while keeping Washington waiting for a response to its latest negotiating position.

Canary Islands brace for arrival of hantavirus-hit cruise ship

A cruise ship hit with a deadly hantavirus outbreak is headed for Spain's Canary Islands, where most of the nearly 150 people on board will be evacuated and flown home after weeks at sea.

'No home left' for Gazans stranded in West Bank since Oct 7

Under the bleachers of a West Bank stadium, a dozen men from Gaza live in a former changing room, blocked from returning home by the war that erupted more than two and a half years ago.

Global stocks diverge, oil rises as fresh US-Iran clashes hit peace hopes

Global stock markets diverged and oil prices rose Friday as fresh US-Iran clashes in the Strait of Hormuz jolted hopes for a deal to end the Middle East war and reopen the crucial waterway.

Stocks diverge, oil rises as fresh US-Iran clashes hit peace hopes

Stock markets diverged and oil prices rose Friday as fresh US-Iran clashes in the Strait of Hormuz jolted hopes for a deal to end the Middle East war and reopen the crucial waterway.

Selling factories to Chinese partners: risky road for European carmakers

Carmaker Stellantis announced Friday it is considering selling an underutilised factory in Spain to its Chinese joint venture Leapmotor, which could save jobs in the short term but risks further strengthening Chinese automakers.

US job growth beats expectations but consumer confidence at all-time low

US employment rose more than expected in April, alleviating some concerns about the health of the world's largest economy even as one measure of consumer confidence came in at its lowest-ever level.

German sports car maker Porsche to cut 500 jobs

Porsche said Friday it will close three subsidiaries, including an EV battery developer, with the loss of more than 500 jobs, in the latest sign of strains for the German luxury auto manufacturer.

US job growth consolidates gains, beating expectations in April

US employment rose more than expected in April while the unemployment rate remained steady, according to government data released Friday, with the world's largest economy firming recent labor market gains though analysts warned of underlying weakness.

Rising fuel prices strand hundreds of Indonesian fishermen

Hundreds of fishermen in an Indonesian coastal town on the island of Java have been forced to stop going out to sea and told AFP their livelihoods are at risk due to soaring fuel prices.

Stocks diverge, oil steady as fresh US-Iran clashes hit peace hopes

Stock markets diverged and oil prices steadied Friday as US-Iran clashes in the Strait of Hormuz jolted hopes for a deal to end the Middle East war and reopen the crucial waterway.

US adds 115,000 jobs in April, beating expectations

US employment rose more than expected in April, while the unemployment rate remained steady, government data showed, with the world's largest economy firming recent labor market gains but analysts warning of underlying weakness.

Poland signs 44-bn-euro EU defence loan deal to modernise military

Poland on Friday became the first country to sign a loan agreement with the European Commission to fund the modernisation of its military and arms industry, under which it will receive nearly 44 billion euros ($52 billion).

Stocks fall, oil steady as fresh US-Iran clashes hit peace hopes

Stock markets slid and oil prices steadied Friday as US-Iran clashes in the Strait of Hormuz jolted hopes for a deal to end the Middle East war and reopen the crucial waterway.

Myanmar says massive 11,000-carat ruby discovered

A huge 11,000-carat ruby has been discovered in Myanmar, state media reported Friday, one of the largest ever found in the country renowned for its precious gemstones.

Myanmar says massive 11,000-carat ruby discovered in Mandalay

Myanmar said Friday it had discovered a massive 11,000-carat ruby, one of the largest ever found in the country renowned for its precious gemstones.

Toyota sees profit drop as US tariffs, Mideast bite

Japanese auto giant Toyota forecast Friday a 22-percent fall in net profit in the year to next March, as it struggles with the effects of US tariffs and the Middle East war.

Former China Eastern boss charged with bribery

The former chairman of one of China's biggest state-owned airlines has been charged with bribery, state media said Friday, nearly a year after he was investigated for graft.

Malaysia plans cloud seeding for drought-hit 'rice bowl'

Malaysia is resorting to cloud seeding to bring much-needed rain to the country's "rice bowl" north, where a drought has delayed planting of the staple crop and raised supply fears.

Where are the flash points in next week's Trump-Xi talks?

Donald Trump is poised to be the first US president visiting China in almost a decade, but an uneasy trade truce and tensions over Iran and Taiwan loom over his trip next week.

What does China want out of Trump's visit?

US President Donald Trump is due to visit China on May 14-15, where he is expected to meet leader Xi Jinping, after delaying an earlier summit because of the Iran war.

US and Iran trade fire, threatening fragile truce

The US military said it carried out strikes on Iranian military targets Thursday after an attack on three American destroyers in the Strait of Hormuz, while Tehran accused Washington of striking first.

Global stocks mostly fall as US rally shows signs of fatigue

Global stocks mostly fell Thursday as US indices pulled back from records while Washington awaited Tehran's response to a US plan to end the Middle East war and reopen the Strait of Hormuz.

Google faces new UK lawsuit over online display ads

Google faces a fresh UK lawsuit accusing it of abusing its dominance in online display advertising, the claimants announced Thursday, in the latest antitrust action against the US tech giant.

France to ban CBD edibles: sources

France will ban the sale of cannabidiol (CBD) edibles from May 15, while still allowing it to be sold to be smoked, AFP learnt from several sources on Thursday.

Hundreds paid or seeking damages over Harrods Al-Fayed abuse complaints

More than 75 survivors have been awarded "full compensation" for suffering sexual abuse at the hands of late Harrods owner Mohamed Al-Fayed, and nearly another 200 claims are being processed, a company scheme told AFP Thursday.

US oil blockade on Cuba 'energy starvation': UN experts

The fuel blockade imposed on Cuba by the United States amounts to "energy starvation", and has "grave consequences" for human rights and development, three UN special rapporteurs said Thursday.

Covid flashbacks haunt Canary Islands as hantavirus ship nears

Six years after registering Spain's first Covid case, the Canary Islands are awaiting the arrival of a cruise ship struck by a deadly hantavirus outbreak that is reviving painful memories.

IMF warns of 'inevitable' AI-powered threats to global financial system

The International Monetary Fund (IMF) warned on Thursday of the risks to global financial stability posed by cyberattacks powered by advanced artificial intelligence tools, calling for greater international cooperation on the issue.

Germany warns tax revenues to be hit by Iran war

Germany will generate less tax revenue in the coming years, in large part due to the "irresponsible" Middle East war launched by US President Donald Trump, the finance minister warned Thursday.

UK police officers probed over handling of Al-Fayed complaints

A serving officer with London's Metropolitan Police and four ex-officers are being investigated for their handling of sexual abuse allegations against former Harrods owner Mohamed Al-Fayed, a watchdog said Thursday.

Defence giant Rheinmetall makes offer for further shipyard

German arms maker Rheinmetall said Thursday it had made an offer for a further shipyard as the influential defence giant deepens its push into naval systems.

Coin Press - Economy (English)