Coin Press - Economy

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'Gritty' Philadelphia pitches itself as low-cost US World Cup choice

Philadelphia is presenting itself as the US World Cup host city offering fans the best value for money, with affordable transport, accommodation and food while other venues are pilloried for gouging supporters.

'I literally was a fool': Musk grilled in OpenAI trial

Elon Musk faced fiery questioning Wednesday in his court showdown with OpenAI, as he insisted that the maker of ChatGPT had fooled him by turning what was an altruistic pursuit into a profit-making juggernaut.

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Mideast war lights fire under energy transition plans

Painful surges in oil prices are spurring countries to quickly rethink how to reduce dependence on fossil fuels, as shortage risks from war in the Middle East grow greater by the day.

Bangladesh fuel crunch forces hours-long wait at the pump

Day and night, drivers queue for hours for the chance to refill fuel tanks, as import-dependent Bangladesh grapples with shortages due to the Middle East war.

Oil and stocks steady as US-Iran truce expiry looms

Oil prices dipped and stocks edged higher Tuesday as investors held out hope that despite conflictual rhetoric there was scope for a deal to end the Middle East war and reopen the Strait of Hormuz to oil and gas shipments.

No Iran delegation sent to US talks yet as truce expiry nears

Iran said Tuesday it has not yet sent a delegation for new peace talks with the United States, as the temporary ceasefire which paused the Middle East war was set to expire.

Apple's Tim Cook to step down as CEO after 15-year run

Apple's Tim Cook will step down as the California tech giant's chief executive this year, handing the top job to a company veteran as it navigates a technology landscape being upended by AI.

Oil prices dip, stocks rise on lingering Iran peace hopes

Oil prices fell on Tuesday while stocks rose on lingering hopes for a deal to end the US-Iran war and reopen the Strait of Hormuz, even as Tehran said it had not decided whether to attend peace talks.

Associated British Foods to spin off Primark clothes brand

Associated British Foods announced Tuesday that it would spin off its budget fashion chain Primark, splitting up one of the country's largest consumer businesses.

Turkmenistan, the gas giant increasingly dependent on China

In the desert expanse of Turkmenistan, Chinese engineers are hard at work at the vast Galkynysh gas field -- a mega project that is deepening the closed Central Asian state's already extensive ties with Beijing.

Chinese AI circuit board maker soars on Hong Kong debut

Shares in a Chinese tech firm that supplies US chip titan Nvidia soared almost 60 percent on its Hong Kong debut Tuesday, having raised more than US$2 billion in the city's largest listing this year.

Tim Cook's time as Apple chief marked by profit absent awe

An Alabama-born engineer seen as a supply-chain savant, Tim Cook took on the daunting challenge of succeeding Apple's iconic boss Steve Jobs 15 years ago.

Amazon invests another $5 bn in Anthropic

Amazon on Monday said it pumped another $5 billion into Anthropic as it ramps up its collaboration with the startup behind Claude artificial intelligence.

US, Iran warn ready for war as talks in limbo

The United States and Iran on Monday each warned they were ready for war as the clock ticked on a ceasefire, with uncertainty on talks that President Donald Trump had announced would resume in Pakistan.

Apple's Tim Cook to step down as CEO in September

Apple on Monday announced that Tim Cook will step down as the tech giant's chief executive officer in September, handing the top job to company veteran John Ternus.

Colombian environmental activist honored amid threats and exile

Afro-Colombian woman Yuvelis Morales, a 25-year-old who has spent most of her adult life working to block the world's biggest oil companies from exploiting fragile ecosystems, won the environmental equivalent of a Nobel prize on Monday.

US-Iran talks in limbo as Trump vows no let-up in blockade

Iran said Monday it had not decided whether to attend a new round of peace negotiations with the United States, while President Donald Trump vowed no let-up in a blockade and threatened to start bombing again.

EU to host Taliban officials for talks on deporting Afghans

Taliban officials are expected in Brussels in the coming weeks for talks on deporting Afghans from the EU to their home country, sources told AFP.

Iran says 'no decision' on joining new talks, with US delegation set to depart

Iran said it had yet to decide whether to attend a new round of peace negotiations with the United States, as Washington's delegation prepared to depart for Pakistan on Monday.

Iran pulling Hormuz 'lever' to maximum in US standoff

Iran is banking on the Strait of Hormuz as its main card in any peace negotiations with the United States, but using the waterway as leverage is not without risk for the Islamic republic.

Elon Musk snubs Paris prosecutors' summons over X and Grok

Elon Musk did not appear Monday for a voluntary interview with Paris prosecutors, who had summoned the American tech billionaire over a probe into his social media platform X and AI chatbok Grok.

Oil jumps on Hormuz tensions, stocks retreat

US and European stocks reversed Monday as oil prices surged over fears hostilities could resume in the weeks-long Middle East war after Iran closed the Strait of Hormuz following its brief reopening.

Oil prices jump on Iran war escalation but stocks up on peace hope

Oil prices surged Monday on a re-escalation of hostilities in the Middle East war after Iran closed the Strait of Hormuz at the weekend, just a day after reopening it, citing the United States' blockade of its ports.

Residents return to ravaged homes months after Hong Kong fire

Hong Kong residents who lost their homes in a massive fire at an apartment complex last year began returning on Monday for the first time to collect what is left of their belongings.

Trump orders negotiators to Pakistan, but Iran on the fence over talks

US President Donald Trump said he was sending negotiators to Pakistan on Monday for talks with Iran just days before a ceasefire in the Middle East expires, though Tehran has reportedly yet to decide whether it will participate.

'Super Mario Galaxy' rules N. America box office for third week

"The Super Mario Galaxy Movie" -- based on Nintendo's popular video game franchise -- topped North America's box office for the third week in a row, industry estimates showed Sunday.

Blue Origin launches rocket with used booster for first time

Blue Origin, the US space company of Amazon founder Jeff Bezos, successfully reused and recovered a booster for its New Glenn rocket on Sunday, confirming its mastery of a technical feat that could boost its launch cadence and expand its rivalry with SpaceX.

Rat poison found in baby food jar in Austria as products recalled

Austrian police have found rat poison in a baby food jar in a probe that has seen the company HiPP recall the line over suspected tampering, with the firm stating on Sunday its production process was not to blame.

Iran says final deal still far off as Hormuz Strait shuttered

The strategic Strait of Hormuz was again closed on Sunday in the stand-off between Iran and the United States, with Iran's powerful parliament speaker signalling a final peace deal remained "far" off despite some movement in negotiations.

AI 'agent' fever comes with lurking security threats

Artificial intelligence "agents" promise to save users time and energy by automating tasks, but the growing power of systems like OpenClaw is setting cybersecurity experts on edge.

Blue Origin set to launch rocket with reusable booster for first time

Blue Origin, the US space company of Amazon founder Jeff Bezos, on Sunday will reuse a booster for the first time to launch its massive New Glenn rocket.

Strait of Hormuz to stay closed until port blockade lifts, Iran says

The crucial Strait of Hormuz will not reopen until the United States lifts its naval blockade on Iranian ports, Tehran said Saturday, as a top official warned that a final peace deal remained "far" off.

Iran closes Hormuz Strait again, as Trump warns against 'blackmail'

Iran's military declared the Strait of Hormuz closed again on Saturday, prompting ships to abandon attempts to transit the waterway and President Donald Trump to warn Tehran against trying to "blackmail" the United States.

US extends sanctions waiver on purchases of Russian oil

US President Donald Trump's administration on Friday issued a month-long sanctions waiver allowing the sale of Russian oil and petroleum products that are at sea, extending an earlier move to soften surging energy prices.

Coin Press - Economy (English)