Coin Press - Economy

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Featured

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.

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Markets rise even as US jobs data fail to boost rate cut bets

Equities mostly rose Wednesday even as US jobs data did little to boost expectations for another interest rate cut next month, while oil rallied after President Donald Trump ordered the blockade of "sanctioned" Venezuelan tankers.

Asian markets mixed as US jobs data fails to boost rate cut hopes

Asian equities were mixed on Wednesday as US jobs data did little to boost expectations for another interest rate cut next month, while oil rallied after Donald Trump ordered the blockade of "sanctioned" Venezuelan tankers.

Bondi shooting shocks, angers Australia Jewish community

Near the iconic, sun-soaked Sydney beach where father-and-son gunmen killed 15 people as they fired into crowds at a Hanukkah festival, Jewish Australians say they feel unsafe and angry.

Netflix boss promises Warner Bros films would still be seen in cinemas

Netflix will continue to distribute Warner Bros. films in cinemas if its takeover bid for the storied studio is successful, the streaming service's chief executive Ted Sarandos said in an interview Tuesday in Paris.

Tepid 2026 outlook dents Pfizer shares

Pfizer signaled Tuesday it expects a challenging 2026 as it invests in new products to offset declines in Covid-19 revenues while limiting shareholder payouts.

VW stops production at German site for first time

The last car rolled off the production line at a Volkswagen site in Dresden on Tuesday, marking the first time in company history that it has stopped production at a German factory as cost cuts bite.

Rome's new Colosseum station reveals ancient treasures

Beyond the entrance of Rome's newest metro station under the Colosseum, there are display cases filled with hundreds of ancient artefacts found during a decade-long construction project.

EU eases 2035 combustion-engine ban to boost car industry

The EU on Tuesday walked back a 2035 ban on new petrol and diesel cars seen as a milestone in the fight against climate change, as the bloc pivots to bolstering its crisis-hit auto sector.

US unemployment rises further, hovering at highest since 2021

The US jobless rate picked up again in November, hovering at its highest level in four years, official data showed Tuesday in a report underscoring a labor market cooldown in the world's biggest economy.

Shift in battle to tackle teens trapped in Marseille drug 'slavery'

They work as drug dealers, but the notes they slip to customers in drug baggies begging for help -- and their pleas to the police -- tell a very different story.

Stocks retreat on US jobs, oil drops on Ukraine hopes

Stock markets fell Tuesday as investors data showed the US jobless rate hit its highest level since 2021, while oil prices slumped on renewed hopes for an end to Russia's war in Ukraine.

Stocks retreat ahead of US jobs, oil drops on Ukraine hopes

Stock markets mostly fell Tuesday as investors prepared for key US jobs and inflation data, while oil prices slumped on renewed hopes for an end to Russia's war in Ukraine.

China to impose anti-dumping duties on EU pork for five years

China will impose anti-dumping duties on European Union pork imports for five years, but at lower rates than temporary levies in place since September, Beijing announced Tuesday.

Economic losses from natural disasters down by a third in 2025: Swiss Re

Global economic losses from natural disasters are projected to have dropped by 33 percent to $220 billion in 2025, despite the damage wrought by the Los Angeles wildfires, reinsurer Swiss Re said Tuesday.

Kenyan girls still afflicted by genital mutilation years after ban

Maasai women erupted with mocking heckles as a community elder, wrapped in a traditional red blanket, claimed that female genital mutilation had all but stopped in their community in southern Kenya.

Bank of Japan expected to hike rates to 30-year high

The Bank of Japan is expected to hike interest rates Friday for the first time since January, pushing them to their highest level in 30 years and potentially exacerbating turmoil in debt markets.

EU to unveil plan to tackle housing crisis

The EU will on Tuesday present a first-ever plan to address the continent's deepening housing crisis, aiming to boost construction and regulate short-term rentals.

Asian markets retreat ahead of US jobs as tech worries weigh

Asian markets extended losses with Wall Street on Tuesday as investors jockeyed for position ahead of key US jobs and inflation data, while sentiment remains subdued by worries over a possible tech bubble.

Famed Jerusalem stone still sells despite West Bank economic woes

Despite the catastrophic state of the Palestinian economy, Faraj al-Atrash, operator of a quarry in the occupied West Bank, proudly points to an armada of machines busy eating away at sheer walls of dusty white rock that stretch into the distance.

French minister urges angry farmers to trust cow culls, vaccines

France's agriculture minister Monday defended planned mass cattle culls and vaccines to control an infectious bovine disease, after farmers vowed no let-up in their protests against what they view as excessive slaughtering.

Stock market optimism returns after tech selloff but Wall Street wobbles

European stock markets recovered upward momentum on the back of interest rate optimism Monday following a brief correction affecting mostly the tech sector, but gains were pared as Wall Street ran out of steam by the late morning.

Stock market optimism returns after tech sell-off

Stock markets on both sides of the Atlantic recovered upward momentum on the back of interest rate optimism Monday, following a brief correction affecting mostly the tech sector.

'Angry' Louvre workers' strike shuts out thousands of tourists

The Louvre closed its doors to thousands of disappointed visitors on Monday due to a strike over working conditions at the Paris landmark, two months after a major robbery.

Showdown looms as EU-Mercosur deal nears finish line

Brussels and Berlin insisted Monday the EU's vast proposed trade deal with South American bloc Mercosur must get over the finish line by year end -- despite a last-ditch French push to derail its signing.

Eurovision 2026 will feature 35 countries: organisers

Some 35 countries will compete in next year's Eurovision Song Contest in Vienna, organisers said Monday, despite five countries boycotting over Israel's participation in the glitzy annual extravaganza.

German shipyard, rescued by the state, gets mega deal

German shipyard Meyer Werft has received a mega order worth up to 10 billion euros ($11.7 billion), officials said Monday, a boost for the shipbuilder after a state rescue last year.

'We are angry': Louvre Museum closed as workers strike

The Louvre closed its doors to thousands of disappointed visitors on Monday as staff launched a rolling strike to protest working conditions at the Paris landmark, two months after a shocking robbery.

Stocks diverge ahead of central bank calls, US data

Stock markets diverged Monday at the start of a week filled with economic data and central bank decisions, following a tech sell-off on Wall Street.

Louvre Museum closed as workers strike

The Louvre Museum closed its doors to thousands of disappointed visitors on Monday as staff launched a strike to protest working conditions at the Paris landmark, two months after a shocking robbery.

Australia defends record on antisemitism after Bondi Beach attack

A mass shooting at a Jewish festival on Australia's iconic Bondi Beach has revived allegations that the government is dragging its feet in the fight against antisemitism.

EU-Mercosur trade deal faces bumpy ride to finish line

Brussels is headed for a showdown this week over the European Union's free-trade deal with South American bloc Mercosur, after Paris launched a last-ditch effort to derail the signing of the landmark accord.

Asian markets drop with Wall St as tech fears revive

Asian markets dropped Monday as concerns about the AI-fuelled tech rally returned to the spotlight after weak earnings from two big-name firms last week revived questions about the wisdom of the vast sums invested in the sector.

Coin Press - Economy (English)