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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France's Bardella slams 'hypocrisy' over return of brothels

French far-right leader Jordan Bardella has thrown his support behind a proposal to bring back brothels, denouncing what he said was "hypocrisy" over sex work.

Tokyo-bound United plane returns to Washington after engine fails

A United Airlines Boeing 777 bound for Tokyo had to turn back to Washington's Dulles International Airport on Saturday after an engine failed during takeoff, igniting a brush fire near the runway, officials said.

Deja vu? Trump accused of economic denial and physical decline

An aging president faces poor poll numbers and suspicions about his health but insists that America is thriving.

Hungary winemakers fear disease may 'wipe out' industry

Hungarian winemaker Viktor Keszler had to rip out young vines after only three harvests -- when they should last at least 25 years -- after they were infected by flavescence doree disease that is threatening Europe's wine regions.

Campaigning starts in Central African Republic quadruple election

Campaigning kicked off Saturday in the Central African Republic, with the unstable former French colony's voters set to cast their ballots in a quadruple whammy of elections on December 28.

'Stop the slaughter': French farmers block roads over cow disease cull

Farmers in southwestern France blocked roads and set fire to bales of hay Saturday to protest the culling of cows due to a skin disease, as the government said one million cattle would be vaccinated.

Juventus owners reject crypto offer for club

Juventus's main shareholder on Saturday officially rejected an offer made the previous evening by a cryptocurrency firm to buy Italy's most successful football club.

First urban cable car unveiled outside Paris

Gondolas floated above a cityscape in the southeastern suburbs of Paris Saturday as the first urban cable car in the French capital's region was unveiled.

US unseals warrant for tanker seized off Venezuelan coast

US authorities on Friday unsealed the warrant for an oil tanker seized off the coast of Venezuela decried as "international piracy" by Caracas.

World stocks mostly slide, consolidating Fed-fuelled gains

Stock markets on both sides of the Atlantic pulled back Friday as profit-taking trimmed some of the gains seen after the Federal Reserve's interest rate cut this week.

Crypto firm Tether bids for Juventus, is quickly rebuffed

Cryptocurrency firm Tether said Friday it had submitted a bid to Juventus's main shareholder, Exor, to acquire its entire stake in the Turin football club -- but was quickly rebuffed.

Can Venezuela survive US targeting its oil tankers?

Venezuela has been sidestepping a US oil export embargo for years, selling crude at a discounted price mainly to China. But even this limited income stream is now under threat after the United States seized a Cuba-bound tanker.

World stocks retrench, consolidating Fed-fuelled gains

Stock markets on both sides of the Atlantic pulled back Friday as pre-weekend profit-taking pared some, but not all, of the gains seen after the Federal Reserve bank delivered a much-anticipated rate easing this week.

Iran frees child bride sentenced to death over husband's killing: activists

Iranian authorities have freed a woman who was condemned to hanging over the killing of her husband who she married while a child, in a case that sparked international concern over the plight of women sentenced to death in the Islamic republic, rights activists said on Friday.

World stocks consolidate Fed-fuelled gains

Global stocks on Friday held on to gains seen after the Federal Reserve bank delivered a much-anticipated rate easing this week, but investors shied away from big bets on the future direction of US interest rates.

France updates net-zero plan, with fossil fuel phaseout

France released on Friday a revamped roadmap to become carbon neutral by 2050, with an ambitious plan to phase out oil and gas.

Stocks rally in wake of Fed rate cut

European and Asian stock markets rose Friday as investors tracked a record session on Wall Street in the wake of the Federal Reserve's latest interest rate cut.

EU agrees recycled plastic targets for cars

Car manufacturers in Europe will have to include more recycled plastics in new vehicles under new EU rules agreed on by the bloc's countries and lawmakers on Friday.

British porn star to be deported from Bali after small fine

Controversial British adult film star Bonnie Blue will be deported from Indonesia's Bali island, an immigration official said Friday, after earlier receiving a small fine for traffic violations.

British porn star fined, faces imminent Bali deportation

Controversial British adult film star Bonnie Blue is expected to be deported from Indonesia's Bali island on Friday after receiving a small fine for traffic violations, her lawyer said.

South Korea exam chief resigns after tests dubbed too hard

The chief organiser of South Korea's notoriously gruelling university entrance exams has quit -- after complaints that an English test he designed was just too difficult.

Asian markets track Wall St record after Fed cut

Asian equities rose Friday as investors tracked a record day on Wall Street in the wake of the Federal Reserve's latest interest rate cut.

Vaccines do not cause autism: WHO

A new analysis by the World Health Organization reaffirmed there is no link between vaccines and autism -- contrary to theories being propagated in the United States.

Crypto mogul Do Kwon sentenced to 15 years for fraud: US media

South Korean cryptocurrency tycoon Do Kwon was sentenced to 15 years in prison Thursday over fraud linked to his company's failure, which wiped out $40 billion of investors' money and shook global crypto markets, US media reported.

OpenAI beefs up GPT models in AI race with Google

OpenAI released its latest artificial intelligence models on Thursday, shrugging off worries about how it will cash in on massive spending in its technology race with Google.

2024 Eurovision winner Nemo returns trophy over Israel's participation

Nemo, last year's Eurovision winner, said Thursday he was returning the 2024 trophy in protest over Israel's continued participation, which has already prompted five countries to pull out.

US bringing seized tanker to port, as Venezuela war threats build

An oil tanker seized by American forces off the Venezuelan coast will be brought to a port in the United States, the White House said Thursday, as fears mount of open conflict between the two countries.

Dow hits record high despite AI fears

The Dow hit a record high on Thursday despite disappointing earnings from software giant Oracle reviving concerns over sky-high AI valuations.

Time magazine names 'Architects of AI' as Person of the Year

Time magazine named the "Architects of AI" as its Person of the Year on Thursday, highlighting the US tech titans whose work on cutting-edge artificial intelligence is transforming humanity.

OpenAI, Disney to let fans create AI videos in landmark deal

Walt Disney and OpenAI announced a three-year licensing deal Thursday that will allow users to create short videos featuring beloved Disney characters through artificial intelligence.

German growth forecasts slashed, Merz under pressure

Leading German institutes on Thursday downgraded their 2026 growth forecasts, in another bad sign for Chancellor Friedrich Merz whose efforts to reboot Europe's biggest economy face mounting criticism.

Thyssenkrupp pauses steel production at two sites citing Asian pressure

Europe's largest steelmaker Thyssenkrupp is to pause steel production at two sites for about two weeks because of Asian competition, the German firm said Thursday, as the European Union considers tightening its steel tariffs.

Coin Press - Economy (English)