Coin Press - Economy

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Featured

'Malfunction' cuts power in Ukraine. Here's what we know

Ukraine and Moldova experienced mass power outages on Saturday after a "technical malfunction" caused electrical lines between the two countries and Romania to fail, according to officials.

Women in ties return as feminism faces pushback

Nicole Kidman, Demi Moore, Bella Hadid, Oprah Winfrey: women entertainers and models are reviving the necktie, a symbol of male power, at a time when feminism is under attack.

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Global race for rare earths comes to Kenya's Mrima Hill

Division and suspicion have gripped five villages near Kenya's coast as global powers from the United States to China eye a forest that is rich in rare earths -- minerals vital to high-tech and low-carbon industries.

French government under pressure as lawmakers set to vote on wealth tax

French lawmakers were due on Saturday to vote on a wealth tax, after a swing group threatened to topple the government if the levy was not added in next year's austerity budget.

US wants to deport Salvadoran man in immigration row to Liberia

The US government wants to deport Kilmar Abrego Garcia, the Salvadoran man at the center of a row over President Donald Trump's immigration crackdown, to Liberia and possibly by month's end, a court filing showed Friday.

UN has 'stopped working': Brazil's Lula

Brazilian President Luiz Inacio Lula da Silva took a swipe Saturday at the United Nations and other multilateral institutions, saying they "stopped working" and failed to protect Gaza's war victims.

Trump slams 'dirty' Canada despite withdrawal of Reagan ad

US President Donald Trump slammed Canada for playing "dirty" Friday as a row over an advertisement featuring former leader Ronald Reagan that prompted Trump to scrap trade talks showed no sign of abating.

'Most beautiful': Thailand's former Queen Sirikit

Thailand's former Queen Sirikit, who died Friday aged 93, won global headlines for her glamour during decades alongside her husband and was seen by many as a unifying symbol as her country underwent repeated crises.

Porsche loses almost one billion euros on shift back to petrol

German sports car maker Porsche sunk to a third-quarter loss of almost one billion euros ($1.16 billion), the firm said Friday, as it grappled with the costs returning to petrol and delaying its electric vehicle (EV) rollout.

Oasis guitar sold at auction for $385k

An electric guitar used by Noel Gallagher, from British rock band Oasis, was sold in London for £289,800 ($385,541), auction house Propstore said on Friday.

P&G profits rise as company sees lower tariff hit

Procter & Gamble on Friday reported higher earnings fueled in part by an improved performance in China as it projected a lower hit from tariffs.

French court gives Algerian woman life sentence for murdering schoolgirl

A French court on Friday sentenced an Algerian woman accused of raping, torturing and murdering a schoolgirl in Paris to life imprisonment without possibility of early release -- making her the first woman to receive this maximum punishment.

Stocks rise on US inflation data, US-China trade hopes

Stock markets broadly advanced Friday after US inflation data bolstered expectations the Federal Reserve would again cut interest rates next week, with fresh optimism over US-China trade relations further boosting confidence.

Spain probes steelmaker for alleged trading with Israeli arms firm

Spain's top criminal court said Friday it had opened an investigation into executives at steelmaker Sidenor for alleged complicity in crimes against humanity or genocide for trading with an Israeli arms company.

US September consumer inflation rose less than expected, delayed data shows

US consumer inflation continued to heat up last month, but by less than expected, according to official data published nine days late on Friday due to the ongoing government shutdown.

Trump says all Canada trade talks 'terminated' over 'fake' ad

US President Donald Trump on Friday doubled down on his decision to end trade talks with Canada over an anti-tariff advertising campaign, a sudden about-face soon after a cordial White House meeting with Prime Minister Mark Carney.

China vows massive high-tech sector development in next decade

China will develop its high-tech sector on a massive scale in the next decade, top officials vowed Friday, a day after meetings on the country's future policy priorities concluded in Beijing.

French government faces threat of censure over wealth tax

A swing group in French parliament on Friday said that if a 2026 budget bill was not changed to include a tax on the supremely wealthy, it would vote down the government.

Stocks diverge tracking US-China trade progress

European stock markets dipped Friday following solid gains in Asia as investors reacted to fresh optimism over US-China trade relations and as they awaited US inflation data delayed by a government shutdown.

EU accuses Meta, TikTok of breaking digital content rules

The EU accused Meta and TikTok on Friday of breaking the bloc's digital content rules, putting the companies at risk of hefty fines.

Stocks rally as traders cheer Trump-Xi meeting plan

Most stock markets rallied Friday after the White House confirmed President Donald Trump would meet China's Xi Jinping next week, stoking optimism for a cooling of trade tensions between the economic superpowers.

China, US 'can find ways to resolve concerns' as negotiators set to meet

Beijing and Washington "can totally find ways to resolve each other's concerns", China's commerce minister said Friday, as officials from both sides were set to meet in Malaysia for trade talks.

New Japan PM vows to take US ties to 'new heights' with Trump

Japan's new Prime Minister Sanae Takaichi said Friday she will bring US ties to "new heights" in talks with President Donald Trump, while taking a swipe at China and vowing a stricter stance on foreigners.

Ivorian brothers dream of transforming cocoa industry

In a factory in southern Ivory Coast, where machines hum to produce chocolate bars and spreads, twin brothers dream of becoming "giants of cocoa processing".

False claim spreads of Japan 'mass deportations' ministry

False claims that Japan's new prime minister has created a ministry for "mass deportations" have been widely spread online, as immigration misinformation swirls after a "Japanese first" party did well in elections earlier this year.

Alaska Airlines grounds entire fleet over IT outage

Alaska Airlines said Thursday it had temporarily suspended all flights due to a tech outage, three months after a similar incident.

Rebuilding wrecked Syria vital for regional stability: UN

After 14 years of destruction, Syria must be swiftly rebuilt to bring stability to the country and the wider region, a top UN official in the war-ravaged nation told AFP.

Asian stocks rally as traders cheer Trump-Xi meeting plan

Asian markets rallied Friday after the White House confirmed President Donald Trump would meet China's Xi Jinping next week, stoking optimism for a cooling of trade tensions between the economic superpowers.

Japan inflation rises as new PM eyes economic package

Japanese inflation accelerated last month, official data showed Friday, ahead of a maiden policy speech by new Prime Minister Sakae Takaichi who has promised to ease pressure on households.

EU leaders lay out conditions for emissions target deal

EU leaders launched a final sprint Thursday to agree on a 10-year target to cut carbon emissions ahead of a key UN climate conference, laying out conditions including leaving the door open to future revisions.

Anthropic announces massive AI chip deal with Google

Artificial intelligence giant Anthropic said Thursday it was expanding its use of Google cloud computing and specialized chips in a deal worth tens of billions of dollars.

White House warns of chaos at US airports as shutdown drags

US President Donald Trump's administration sounded the alarm Thursday over potential turmoil at airports as the government shutdown threatens to drag into November, warning of ruined holiday plans for millions of Americans.

UK court rules Apple abused App Store dominance

Apple lost a UK lawsuit Thursday which accuses the US tech giant of abusing the dominant position of its App Store, with claimants seeking more than £1.5 billion ($2 billion) in damages.

Trump pardons Binance co-founder Changpeng Zhao

US President Donald Trump has pardoned the convicted Binance co-founder Changpeng "CZ" Zhao, the White House said Thursday, accusing Trump's predecessor Joe Biden of launching an unnecessary "war" against the industry.

Coin Press - Economy (English)