Coin Press - Economy

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US stocks fall before midterm Election Day as technology shares weaken

US Stock market benchmark indexes S&P 500 and Nasdaq fell on Monday but Dow Jones rose sharply ahead of Tuesday's Election Day for US Midterm polls. Russell 2000 fell 5.

Nearly Half of Australian Workers Overqualified, Survey Finds

Nearly half of Australian workers hold qualifications exceeding their job requirements, according to the latest annual report from the Household, Income and Labour Dynamics in Australia (HILDA) Survey. The findings indicate that this educational mismatch is linked to reduced life satisfaction and increased likelihood of leaving employment, with trends showing little improvement over the past two decades.

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Cocaine market sees new players, bananas and Amazon submarines: report

The global cocaine market is changing.

Zambia president blames private creditors for debt deal delays

Zambia's President Hakainde Hichilema on Friday blamed private creditors for holding up a long-sought debt restructuring deal for the first African nation to default after the Covid pandemic.

Eurostar trains resume after surprise Channel tunnel strike

High-speed trains running the Channel Tunnel resumed service on Friday after French unions ended a wildcat strike that had stranded vacationers and held up freight just days before Christmas.

War pushing Gaza to famine, UN warns

The Israel-Hamas war is pushing Gaza towards famine, the United Nations warned ahead of an expected Security Council vote Friday on a resolution to boost aid to the Palestinian territory but not call for a ceasefire.

UK economy shrinks before election year

Britain's economy unexpectedly shrank in the third quarter and flatlined in the previous three months, official data showed Friday, raising fears of a recession before an election due next year.

Missing UK teen found in France returned for better 'future'

A UK teen who resurfaced in France six years after going missing, has told a newspaper that he decided to return to Britain because he wanted a better future.

Asian markets mixed as rate hopes offset by China gaming move

Asian markets were mixed Friday as the euphoria over an expected flurry of US interest rate cuts next year was offset by a tech-led plunge in Hong Kong after China unveiled fresh plans to restrict online gaming.

Prices bite into Greek Christmas even as economy improves

Greece's traditional Christmas sweets made of icing sugar, honey and powdered almonds tantalise shoppers ahead of the festive season as they do every year.

'Pooper' figures star in nativity scenes in Spain

Look closely at a nativity scene in Spain's Catalonia region and you will likely spot an unusual figure -- a peasant with his pants down and doing his business in the holy scene.

Channel Tunnel reopens after end of surprise pre-Christmas strike

High-speed trains running the Channel Tunnel will resume service on Friday after French unions ended a wildcat strike that had stranded holidaygoers and held up freight just days before Christmas.

UN Security Council to vote on Gaza aid as famine fears mount

The United Nations Security Council was expected to vote Friday on a resolution to boost aid to Gaza, as the world body warned the Israel-Hamas war was pushing the Palestinian territory towards famine.

Singaporean artisan family keeps religious effigy art alive

Tan Chwee Lian picks up a small paddle, her finger resting on a groove worn into the wood over 70 years of making Buddhist and Taoist deities in her shop, one of the last of its kind in Singapore.

Japan's hand-forged knives a slice of samurai metallurgy

Blacksmith Yoshihiro Yauji pulls a piece of glowing metal from the forge in a Japanese village, continuing a tradition dating back centuries to when the region was renowned for crafting swords carried by samurai.

No jingle in Argentine pockets as economic grinch ruins Christmas

Cecilia Rojas has scoured shops across greater Buenos Aires to find an affordable gift for her children this Christmas, which is set to be a gloomy affair as the country grapples with its worst economic crisis in decades.

Nike shares tumble as it cuts costs amid 'softer' outlook

Nike promised up to $2 billion in cost savings Thursday involving job cuts and greater use of automation as it eyes "softer" sales in the coming period.

Nike shares tumble as it cut costs amid 'softer' outlook

Nike promised up to $2 billion in cost savings Thursday involving job cuts and greater use of automation as it eyes "softer" sales in the coming period.

US Steel, Nippon Steel seek US security review of takeover deal

US Steel Corp and its potential buyer Nippon Steel of Japan are requesting a federal review of their proposed deal following congressional criticism that the transaction threatens US national security, US Steel said Thursday.

French unions announce end of Channel tunnel strike

French unions on Thursday announced the end of a wildcat strike that paralysed train travel through the Channel tunnel between France and Britain, saying the route would reopen shortly.

French city makes public transport free for residents

The French city of Montpellier on Thursday became the latest European metropolis to allow all its residents to ride public transport for free.

Angola departure a blow for OPEC+ as cartel tensions rise

Angola's departure from OPEC exposes the tensions with the oil cartel as it seeks to cut output to maintain prices just as the United States ramps up production.

UEFA suffers court defeat, but Super League finds few fans

Europe's top court dealt football governing body UEFA a scything legal tackle on Thursday, but an attempt by rival Super League promoters to kick off a new competition met a solid defensive wall of clubs and fans.

Wildcat Channel tunnel strike blocks France-UK train travel

A strike by workers operating the Channel tunnel blocked train travel Thursday between Britain and France, leaving thousands of pre-Christmas travellers as well as freight traffic stranded.

UK and Switzerland seal financial services deal

Britain and Switzerland unveiled a post-Brexit financial services agreement on Thursday, aimed at making it easier for corporate and wealthy people in both countries to do business together.

Crude prices drop after Angola quits OPEC

Crude prices slumped on Thursday after Angola quit the OPEC oil cartel, while Wall Street stocks rebounded after a streak of records was snapped.

UK and EU agree delay to post-Brexit electric car tariffs

British Prime Minister Rishi Sunak on Thursday hailed a deal with the European Union to delay post-Brexit tariffs on electric vehicle sales that were due to kick in from January.

Channel tunnel strike blocks train travel

A wildcat strike by workers operating the Channel tunnel has blocked train travel between France and Britain since midday Thursday, train operator Eurostar said.

In UK seaside town, migrants call barge accommodation a 'prison'

In the damp December cold, a blue bus stops near Weymouth town centre in southwest England. A few men get off, relieved to be spending a few hours away from what they call their "prison" -- a barge housing asylum seekers.

Turkey's central bank delivers smaller rate hike

Turkey's central bank announced a smaller interest rate hike than in previous months on Thursday, signalling it is nearing the end of its monetary tightening as it battles double-digit inflation.

Markets mixed after Wall St losses as Fed rate rally pauses

Stock markets were mixed Thursday as investors took their foot off the gas after an extended rally fuelled by expectations the Federal Reserve will slash interest rates next year.

S. Korea #MeToo initiator's case dismissed by top court

South Korea's highest court dismissed claims for compensation from the initiator of the country's #MeToo movement on Thursday, after she had filed suit against a boss over alleged sexual abuse.

Sony PlayStation 5 sales cross 50 million units

Sales of Sony's PlayStation 5 have crossed 50 million units, the Japanese electronics giant said, pointing to "strong momentum" this year for its flagship gaming console.

Spain braces for annual 'Fat One' Christmas lottery

Spain kicks off its festive period on Friday with the world's richest lottery, splashing prize money and festive cheer across the country.

Coin Press - Economy (English)