Coin Press - Economy

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Japan says rare earth found in sediment retrieved on deep-sea mission

Sediment containing rare earth was retrieved from ocean depths of 6,000 metres (20,000 feet) on a Japanese test mission, the government said Monday, as it seeks to curb dependence on China for the valuable minerals.

Oil tumbles on Iran hopes, precious metals hit by stronger dollar

Oil prices tanked Monday on easing US-Iran tensions while precious metals swung wildly following last week's dollar-fuelled collapse sparked by Donald Trump's hawkish pick to lead the Federal Reserve.

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WHO backs weight-loss drugs, urges cheap generics

The World Health Organization recommended a range of blockbuster weight-loss drugs to treat diabetes and obesity globally for the first time on Friday, calling for cheap generic versions to be made available for people in developing countries.

US hiring significantly misses expectations as jobs market cools

The US economy added significantly fewer jobs than expected in August, government data showed on Friday, in a closely watched report after weak data earlier prompted President Donald Trump to fire a key economic official.

Hitwomen: how teen girls are being used in Sweden crime wars

Teenage girls are hiring themselves out as hitwomen in Sweden's organised crime wars, keen to prove they are more deadly and ruthless than young men, prosecutors say.

The massive debt behind France's political turmoil

France's growing debt pile is at the heart of the confidence vote that could topple the government of Prime Minister Francois Bayrou next week.

Stocks rise ahead of key US jobs data

Asian and European stock markets advanced on Friday ahead of a key US jobs report that will give insight into the Federal Reserve's path for interest rates.

Danish wind giant sues US government over project halt

Danish energy group Orsted has filed a lawsuit seeking to prevent the US government from blocking the construction of one of its wind farms that was nearing completion.

Asian, European markets rally ahead of US jobs data

Asian and European markets advanced on Friday, in line with a global equity rally ahead of a US jobs report that will give insight about the Federal Reserve's next move on interest rates.

German factory orders drop in new blow to economy

German industrial orders unexpectedly fell in July, official data showed Friday, the latest sign that Europe's long-struggling top economy remains stuck in the doldrums.

Cooling US jobs market in focus as political scrutiny heats up

US employment data on Friday is expected to confirm a cooled labor market, as companies pull back on hiring amid continued uncertainty over President Donald Trump's tariffs.

New recipes help Pakistani mothers ward off malnutrition

Clutching their hungry babies, a group of mothers mix a semolina dish under the guidance of a teacher, an attempt to curb malnutrition which affects nearly one in two children in Pakistan's south.

Asian markets rally as Chinese stocks selloff eases

Asian markets mostly gained on Friday after an intense selloff of Chinese equities stalled this week, with rumours the country's financial regulators could intervene to slow the dumping.

'God's Influencer' to become first millennial saint

An Italian teenager dubbed "God's Influencer" for his efforts to spread the Catholic faith online will become the first millennial saint Sunday at a canonisation attended by thousands of pilgrims.

Farage grabs momentum, convenes hard-right Reform UK party

Nigel Farage's anti-immigration party Reform UK kicks off Britain's annual party conference season Friday, with the Brexit cheerleader and his buoyant supporters increasingly confident he could be Britain's next leader.

Trump signs order to lower US tariffs on Japan autos to 15%

US President Donald Trump signed an order Thursday to lower tariffs on Japanese autos, as Washington moves to implement its trade pact negotiated with Tokyo.

Argentine Congress overturns Milei veto on disability funds

In a major political blow for budget-slashing President Javier Milei, Argentina's Congress on Thursday overturned his veto of a law increasing allowances for disabled people.

Stock markets advance with eyes on US jobs data

Stock markets mostly climbed and global bonds stabilised on Thursday as investors looked to US jobs data to cement rate-cut bets.

Tourists and locals united in grief after Lisbon funicular crash

Tourists and locals wrestled with shock and dismay on Thursday in Lisbon, a day after one of city's famed funiculars -- climbing railways that serve both communities -- came off the tracks and crashed, killing 16 people.

Comedy writer at centre of UK free-speech row in court on harassment charge

Award-winning comedy writer Graham Linehan, whose recent arrest reignited a UK row over freedom of speech, appeared in court Thursday to face separate charges over "abusive and vindictive" posts against a transgender person.

Stock markets mixed with eyes on US jobs data

Stock markets diverged and global bonds stabilised on Thursday as investors looked to US jobs data to cement rate-cut bets.

Seniors back to work as ageing Germany battles pension burden

At age 70, Pete Maie appears nervous at the start of a job interview to work as a part-time parcel delivery driver for a German logistics company.

Asia markets mixed as Chinese stocks lose steam

Asian stock markets diverged on Thursday, with Tokyo and Seoul tracking gains made the previous day on Wall Street even as a selloff of Chinese equities intensified.

Trump admin asks Supreme Court for 'expedited' ruling on tariffs

President Donald Trump's administration asked the US Supreme Court on Wednesday for an expedited ruling preserving the tariffs that have roiled global markets, saying a lower court ruling against it has already damaged trade negotiations.

Digital loan sharks prey on inflation-hit Nigerians

Cash-strapped and in dire need of 30,000 naira (about $20), Mariam Ogundairo turned to a loan app, downloading it and registering her phone number.

Asia markets tick up after Wall Street rebound

Asian stock markets were mostly up Thursday morning, tracking gains made on Wall Street as a weak labour market report in the United States boosted hopes for an interest-rate cut.

Colombia coal exports plummet after ban on Israel sales

Colombia's coal exports fell by almost half in July compared to the same month last year, official figures showed Wednesday, amid a global price crisis and days after President Gustavo Petro's ban on sales to Israel.

Record French fines for Google and Shein over cookies

France's data protection authority on Wednesday issued record fines against search giant Google and fast-fashion platform Shein for failing to respect the law on internet cookies.

Lost for 50 years, Nobel patents found in Swedish summer home

A dozen patents belonging to Swedish inventor and philanthropist Alfred Nobel and lost for almost 50 years were recently found in a Swedish couple's summer house, the Nobel Foundation told AFP.

Stocks bounce as global bond selloff eases

European and US equities mostly rebounded Wednesday as a global bond selloff eased, with shares in Google parent Alphabet jumping after a favourable court ruling.

Ryanair slashes winter seats in Spain over airport fees

Irish budget airline Ryanair on Wednesday said it would slash more than one million winter seats in Spain over "excessive airport fees", sparking "extortion" accusations from the national airport operator.

UK govt pledges to keep grip on spending ahead of budget

Britain's finance minister Rachel Reeves on Wednesday promised to keep a "tight grip" on public spending as interest rates soar on the UK's long-term debt, and set November 26 for her annual budget speech.

Iran's small businesses hit by rolling blackouts

Pizzeria owner Saeed is unable to take or serve orders at his restaurant in the Iranian capital, his business stalled by rolling power outages that have compounded the country's many economic woes.

Global bond selloff spreads to Japan, gold hits record high

A global bond selloff extended on Wednesday, sending yields in Japan to record levels, and gold reached a new peak, as investors fret over mounting government debt.

Coin Press - Economy (English)