Coin Press - Economy

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Featured

British oil giant BP aims to sell North Sea business

BP has launched moves to sell its North Sea business, the British oil and gas giant announced Friday, as new Prime Minister Andy Burnham faces pressure to ease drilling restrictions in the area.

Chipmaker Kioxia reports AI-driven 45-fold surge in quarterly net profit

Ferocious AI-driven demand delivered quarterly net profit more than 45 times higher than last year's figure for Japanese chipmaker Kioxia, the company said Friday.

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Stocks rise, oil falls as traders eye earnings, US-Iran ceasefire

European and US stocks advanced Tuesday as investors focused on first-quarter corporate earnings instead of uncertainty over the fragile US-Iran ceasefire.

Colombian mine explosion kills nine

A coal mine explosion in central Colombia on Monday killed nine people, the national mining authority said, less than a month after it flagged safety issues at the site.

Vodafone to take full ownership of UK mobile operator

British mobile phone giant Vodafone announced Tuesday it has agreed a £4.3 billion ($5.8 billion) deal to take full ownership of the country's biggest mobile phone operator, VodafoneThree.

US trade gap widens in March as AI spending boosts imports

The US trade deficit grew slightly less than expected in March, government data showed Tuesday, as spending linked to the artificial intelligence buildout boosted imports.

Pyongyang calling: North Korea shows off own-brand phones

North Korea has welcomed foreign visitors and firms to a trade fair this week, showcasing homegrown products including the latest model of its sleek Jindallae smartphone.

Iran warns 'not even started' in Hormuz

Iran's powerful chief negotiator warned the United States against any further escalation in the Strait of Hormuz, after a spate of attacks risked reigniting the Middle East war.

Yoko says oh no to 'John Lemon' beer

The old saying about lemons and lemonade has borne fruit for a French craft brewery, which was ordered by Yoko Ono to stop making its "John Lemon" beer -- and has now nearly sold out thanks to the publicity.

Stocks sink amid fears over US-Iran ceasefire

Stocks sank Tuesday with a fresh spike in Middle East tensions fanning fears over the fragile US-Iran ceasefire, with the two sides appearing to be no closer to a deal to reopen the Strait of Hormuz.

Premier League losses soar for clubs locked in 'arms race'

The Premier League is the envy of the world for its revenue-generating power, yet clubs lost nearly $1 billion last season as the pursuit of on-field success trumped financial security.

For Israel's Circassians, food and language sustain an ancient heritage

On a sunny afternoon, Shina Shabso was busy making traditional cheese pastries for a wedding on Israel's border with Lebanon, the celebration in the Circassian village of Rehaniya a much-needed break from weeks of war.

US-Iran ceasefire on brink as UAE reports attacks

A ceasefire between Iran and the United States was teetering Monday as the two countries traded fire over the strategic Strait of Hormuz and the United Arab Emirates reported attacks for the first time since the truce was declared nearly a month ago.

OpenAI co-founder under fire in Musk trial over $30 bn stake

Following high-profile testimony from billionaire Elon Musk last week, one of OpenAI's co-founders testified Monday in the California lawsuit brought by the world's richest man against the creators of ChatGPT.

UAE slams 'dangerous escalation' after fresh attacks blamed on Iran

The United States said it had destroyed several Iranian boats on Monday and the United Arab Emirates reported fresh attacks on its territory, in the sharpest escalation since a fragile ceasefire was agreed in the Middle East war.

Amazon to ship stuff for any business, not just its own merchants

Amazon announced Monday it is opening up its massive shipping and delivery network to any business that wants to use it -- not just the merchants who sell on Amazon's website.

Passengers stranded on cruise off Cape Verde following suspected virus deaths

Passengers and crew desperately hunkered down in isolation on a ship stuck off Cape Verde on Monday, after local authorities barred it from docking following the death of three people in a suspected hantavirus outbreak.

What is hantavirus, and can it spread between humans?

Three people have died after a suspected outbreak of hantavirus on board a cruise ship sailing between Argentina and Cape Verde.

Two dead as car ploughs into crowd in Germany's Leipzig

A car ploughed into crowd on a street in Germany's eastern city of Leipzig on Monday, killing at least two people and injuring several others, authorities said.

Two dead after car ploughs into people in Germany's Leipzig: mayor

A car ploughed into people on a street Germany's eastern city of Leipzig on Monday, leaving at least two dead and several injured, authorities said.

Iran fires 'warning shots' as US Navy says its ships entered Gulf via Hormuz

Iran's navy fired 'warning shots' at US warships in the Strait of Hormuz on Monday, state media said, after the American military sent cruisers into the Gulf as part of a plan to help trapped commercial vessels leave.

Energy crisis fuels calls to cut methane emissions

World officials pushed Monday for faster action to reduce methane emissions from the fossil fuel sector, arguing it would both help slow climate change and boost energy security as the Middle East war chokes off supply.

'Low' risk to public of hantavirus after cruise ship deaths, WHO says

A suspected outbreak of hantavirus on a cruise ship, on which three people have died, presents a low risk to the public, the WHO Europe said Monday, as Dutch authorities planned to repatriate two sick people.

Musk vs OpenAI trial enters second week

Following high-profile testimony from billionaire Elon Musk last week, one of OpenAI's co-founders will testify Monday in the California lawsuit brought by the world's richest man against the creators of ChatGPT.

Japan PM says oil crisis has 'enormous impact' in Asia-Pacific

A global oil supply squeeze is inflicting an "enormous impact" on the Asia-Pacific region, Japan Prime Minister Sanae Takaichi said Monday.

Seoul, Taipei hit records as Asian stocks track Wall St tech rally

Tech firms led a rally across most Asian markets Monday following another healthy day on Wall Street fuelled by more strong earnings, while investors were also cheered by news that Iran had submitted fresh proposals to end its war with the United States.

Boeing faces civil trial over 737 MAX crash

Boeing is scheduled to return to court Monday to face its latest lawsuit over a deadly 737 MAX crash in Ethiopia, brought by the family of a young American NGO worker.

Pacific Avenue Capital Partners Enters into Exclusive Negotiations to Acquire ESE World, Amcor's European Waste Container Business

LOS ANGELES, CA AND PARIS, FR / ACCESS Newswire / May 4, 2026 / Pacific Avenue Capital Partners ("Pacific Avenue"), a global private equity firm focused on corporate carve-outs and other complex transactions in the middle market, announced today that an affiliate of Pacific Avenue has entered into exclusive negotiations to acquire ESE World (the "Company" or "ESE") from Amcor, one of the world's leading global packaging companies.

Three die on Atlantic cruise ship from suspected hantavirus: WHO

Three people have died on a cruise ship in the Atlantic, the WHO said Sunday, one a confirmed case of hantavirus -- an illness usually transmitted to humans from rodents.

Two die in 'respiratory illness' outbreak on Atlantic cruise ship

An outbreak of "severe acute respiratory illness" on board a cruise ship in the Atlantic has left at least two people dead, with a third in intensive care in Johannesburg, South Africa's health ministry told AFP on Sunday.

OPEC+ hikes oil production quotas but stays mum on UAE pull-out

Saudi Arabia, Russia and five other OPEC+ countries increased their oil production quota on Sunday in an expected move aimed at demonstrating continuity at the cartel after the shock withdrawal of the United Arab Emirates.

More Nepalis drive electric, evading global fuel shocks

As global fuel markets reel from the Middle East war, motorists in Nepal are increasingly turning to electric vehicles, with high demand putting a strain on dealerships.

Latecomer Japan eyes slice of rising global defence spending

Long-pacifist Japan has shed its self-imposed ban on lethal weaponry exports, gunning for a prominent place in the global defence trade -- a challenging feat that analysts say could take years to achieve.

German fertiliser makers and farmers struggle with Iran war fallout

As Iran's closure of the Strait of Hormuz roils the global economy, one German town has been scrambling to help make up the shortfall in essential supplies of fertilisers.

Coin Press - Economy (English)