Coin Press - Economy

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Featured

Oil giants report blowout profits on war, warn high gas prices could persist

US petroleum giants ExxonMobil and Chevron released blowout profits Friday due to the Middle East war, as executives cautioned that elevated gasoline prices will probably continue to strain consumers.

Hungary to shut nuclear plant as heatwave hits central Europe

Hungary's sole nuclear power plant will be shut down next week because of low water levels in the river Danube, Prime Minister Peter Magyar said Friday as central Europe slogs through the latest in a series of heatwaves.

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Trump gives Iran 48 hours to make deal or face 'Hell'

President Donald Trump said on Saturday that Tehran had 48 hours left to cut a deal or face "all Hell", as US and Iranian forces scrambled to find a downed American airman.

Strike hits near Iranian nuclear plant, as FM warns of risk to Gulf

US-Israeli strikes hit an area near Iran's Bushehr nuclear power plant on Saturday, prompting its foreign minister to warn that the effects of any fallout would be felt most keenly by the country's Gulf neighbours.

Iran, US race to find crew member of crashed American fighter jet

Iranian and American forces raced each other Saturday to recover a crew member of the first US fighter jet to go down inside Iran since the start of the war.

Iran hunts crew member of crashed US jet after one reported rescued

Iranian and American forces were racing each other early Saturday to recover a crew member of the first US fighter jet to go down inside Iran since the start of the war.

Wary of news media, Silicon Valley builds its own

When OpenAI acquired the tech podcast TBPN this week, it wasn't just buying a show -- it was buying a message.

Iran searches for downed US jet crew, as US media says one member rescued

Iran launched a hunt for the US crew whose jet Iranian media said had been shot down by the Islamic republic's air defence systems Friday, deploying troops and offering a bounty.

US registers strong job growth in boost to Trump

The US economy posted unexpectedly strong job gains in March, data showed Friday, in a development hailed as a win by US President Donald Trump's administration but seen with caution by analysts.

US registers strong job growth in March in boost to Trump

The US economy posted unexpectedly strong job gains in March, government data showed Friday, in a shift that could ease labor market concerns and boost President Donald Trump's economic agenda.

Iranian media says US jet shot down, bounty offered for pilot

Iran deployed troops and offered a bounty as it launched a hunt for a US pilot whose jet Iranian media said had been downed by the Islamic republic's air defence systems Friday.

Greece names new ministers after EU farm scandal resignations

Greece on Friday reshuffled its government after three cabinet members resigned as a burgeoning EU farm subsidy scandal pisled pressure on the country's conservative government.

Container ship declaring French ownership passes through Hormuz strait

A container ship declaring itself to have a French owner has passed through the Strait of Hormuz, according Marine Traffic data analysed by AFP Friday.

Human remains found on Thai ship attacked in Hormuz strait: firm

Human remains have been found aboard a cargo ship struck by Iran while transiting the Strait of Hormuz last month, the vessel's owner said Friday, after three crew members were reported missing following the attack.

Streaming channel for pets launched in China

Cats and dogs can now fill the hours their owners are at work with a dedicated all-day streaming channel for pets launched by Chinese tech giant Tencent.

Israel under fire from Iran missiles as Trump issues new warning

Israel said Friday it was under attack from a new barrage of Iranian missiles, as President Donald Trump warned the United States had yet to begin "destroying what's left" with more of the Islamic republic's infrastructure in his sights.

Microsoft to invest $10 bn for Japan AI data centres

Microsoft said Friday it will invest $10 billion in Japan over the next four years to build artificial intelligence data centres and related infrastructure.

Waste water to clean energy: Japanese engineers harness the power of osmosis

A Japanese water plant is harnessing the natural process of osmosis to generate renewable energy that could one day become a common power source.

Airbus bets on copter capability for tomorrow's war drones

In the heart of southeastern France, aerospace giant Airbus is drawing on its helicopter expertise to develop drones -- a core element of modern warfare -- and enable them to work in tandem with manned aircraft.

'Metals of the future': copper and silver flow beneath Poland's surface

Thousands of metres beneath the ground, amid suffocating heat, lies one of the keys to Poland's rumbling mining sector -- and the world economy.

Iran vows 'crushing' attacks as strikes hit regional infrastructure

Iran and its allies traded fire with Israel and the United States, as Washington-linked assets across the Middle East were targeted alongside energy and civilian infrastructure -- with the month-long war on Friday showing little sign of easing.

Oil surges, stocks mixed as Trump dashes hopes of quick end of war

Oil prices surged Thursday after US President Donald Trump threatened more heavy strikes on Iran, while global equity markets reacted indecisively to the latest developments in the conflict.

Pakistan hikes petrol, diesel prices due to Middle East war

Pakistan's government on Thursday drastically raised fuel prices in response to spiking global energy prices caused by the Iran war, the country's petroleum minister said in a press conference.

Trump orders new pharma tariff, reshapes metal duties

US President Donald Trump on Thursday ordered new tariffs on certain medicines, alongside an overhaul of metal duties, doubling down on his trade agenda a year after unleashing trade wars on virtually all partners.

UK-led Hormuz talks demand 'immediate, reopening of Hormuz

A UK-led meeting of some 40 countries on the strait of Hormuz crisis wrapped up Thursday with a demand for the "immediate and unconditional" reopening of the vital shipping route, but no immediate breakthrough.

Grain, steel, fertiliser blocked by Hormuz closure: data

Besides oil and gas, Iran's blockade of the Strait of Hormuz has choked off shipments of crucial goods and raw materials to world markets.

Four children stabbed to death at Ugandan nursery: police

Four children were stabbed to death on Thursday at a kindergarten in Uganda's capital, Kampala, police said.

Russia will send second ship with oil to Cuba: minister

Russia will send a second ship carrying oil to Cuba as the island grapples with a US fuel blockade, Energy Minister Sergei Tsivilev said Thursday.

Belgian bishop takes on Vatican with push to ordain married men

A Belgian bishop is taking on the Vatican with a push to ordain married men as priests -- telling AFP the reform is key to stemming a plunge in vocations across many traditionally Catholic nations.

Nexperia's China unit nears fully local production of chips: company sources

The domestic unit of the Chinese-owned, Dutch-headquartered chipmaker Nexperia will soon be able to produce semiconductors locally within China, according to two company sources.

India's says defence exports hit 'all-time high' of $4 bn

India's defence exports "skyrocketed" to an all-time high of more than $4 billion in the last fiscal year, as it looks to boost its arms manufacturing sector, the government said Thursday.

Too bright: Seoul to dim digital billboards after complaints

Hopes of making downtown Seoul dazzle more than Times Square have hit a setback with new guidelines to dim the digital billboards that light up the South Korean capital after a barrage of complaints.

'Muted' international response as Senegal enacts same-sex relations law

While recent restrictions by a number of African nations on LGBTQ rights have elicited fierce criticism, international reaction has been more tepid as Senegal doubled its penalty for same-sex relations this week.

Trump says Iran war almost over, warns of weeks more heavy strikes

US President Donald Trump said Wednesday the US-Israeli war campaign against Iran was almost complete but that the country would be hit hard over the next two to three weeks as Washington pressed toward its military objectives.

Coin Press - Economy (English)