Coin Press - Economy

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Featured

Amazon surges as US stocks shrug off bond yield worries

Wall Street stocks charged higher Friday behind strong earnings from Amazon that offset the drag from higher US Treasury yields.

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.

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Swiss government rejects proposal to limit immigration

The Swiss government on Monday rejected a hard-right proposal to limit immigration to stop the population from hitting 10 million before 2050, arguing it would harm relations with the European Union.

Why Iranian drones are hard to stop

Cheap and deadly, Iranian-designed Shahed drones have inflicted major damage in the Middle East war, and have anti-jamming and other capabilities that make them difficult to stop.

"So proud": Irish hometown hails Oscar winner Jessie Buckley

Family, friends, and locals in the small Irish town of Killarney were bursting with pride Monday after homegirl Jessie Buckley became the first Irishwoman to win a best actress Oscar.

European bank battle heats up as UniCredit swoops for Commerzbank

Italian bank UniCredit on Monday made a 35-billion-euro ($40 billion) takeover offer for Commerzbank, sparking fury from Berlin and a defiant vow from the German lender to defend its independence.

Italian bank UniCredit makes bid for Germany's Commerzbank

Italian bank UniCredit on Monday made a 35-billion-euro ($40 billion) takeover offer for Commerzbank, a move likely to provoke fierce resistance from the German lender and the government in Berlin.

AI to drive growth despite geopolitics, Taiwan's Foxconn says

Taiwanese tech giant Foxconn on Monday said it expected the booming market for artificial intelligence servers to drive growth this year, despite volatility caused by global conflict.

Oil rises further above $100, stocks mixed as Iran war rages

Oil prices rose further above $100 a barrel Monday and stocks fluctuated as the Iran war moved into a third week with both sides showing no sign of backing down and diplomats trying to ensure safe passage for tankers through the crucial Strait of Hormuz.

Filipinas seek abortions online in largely Catholic nation

Jane had been bleeding heavily for days before finally seeking help, not from a hospital but from the man who sold her the pills meant to end her six-week pregnancy.

'One Battle After Another' dominates Oscars

"One Battle After Another" triumphed at the Oscars on Sunday, winning six awards, including the coveted best picture statuette, besting "Sinners" in a thrilling finale to one of the most competitive awards seasons in recent years.

Indonesia firms in palm oil fraud probe supplied fuel majors

Indonesian companies targeted in a palm oil fraud probe supplied European firms including Italian energy giant Eni and Finnish sustainable aviation fuel leader Neste, an investigation by AFP and SourceMaterial has found.

It's 'Sinners' vs 'One Battle' as Oscars day arrives

After months of expensive campaigns, the stage is set for the Oscars on Sunday, with all eyes on the race between "One Battle After Another" and "Sinners" for best picture, Hollywood's most coveted prize.

Iran warns countries to keep out of war as drone hits base used by Italy

Iran on Sunday warned other countries against getting involved in its war with the United States and Israel, as Rome reported a base in Kuwait hosting US and Italian troops was hit by a drone attack.

US Fed expected to hold rates steady as Iran war roils outlook

US Federal Reserve policymakers are expected to leave interest rates unchanged at their meeting next week, as the US-Israel war on Iran sends shock waves through markets and recent economic data has begun to show weakness.

It's 'Sinners' v 'One Battle' as Oscars day arrives

After months of expensive campaigns, the Oscars finally arrive Sunday, with all eyes on the race between "One Battle After Another" and "Sinners" for best picture, Hollywood's most coveted prize.

US mayors push back against data center boom as AI backlash grows

Data centers were supposed to be a gift. In cities across the United States, more and more mayors are treating them like a problem.

Who covers AI business blunders? Some insurers cautiously step up

As more businesses trust artificial intelligence "agents" to independently grow their revenues, some insurance firms are stepping in to cover any mistakes -- while others are steering clear.

Election campaign deepens Congo's generational divide

"Hoodlums," muttered 80-year-old village chief Joseph Batangouna as he walked past a group of young people sitting by the side of road in Mayitoukou, Congo-Brazzaville.

Middle East turmoil revives Norway push for Arctic drilling

Already the continent's biggest single supplier of natural gas since Russia invaded Ukraine, Norway is hoping to use the Middle East war to get European Union blessing to drill in the Arctic.

Iran, US threaten attacks on oil facilities

Iran threatened Saturday to reduce US-linked oil facilities to "a pile of ashes" as the two-week-old Middle East war spilled over into a global oil price crisis.

Oscars: the 10 nominees for best picture

It's Oscars time, and 10 films are in the running for best picture -- Hollywood's most prestigious prize.

Kharg Island bombed, Trump says US to escort ships through Hormuz soon

President Donald Trump said Friday that the United States had heavily bombed military targets on Iran's oil hub Kharg Island and the US Navy would soon begin escorting tankers through the Strait of Hormuz.

Jurors mull evidence in social media addiction trial

Jurors will return to court in Los Angeles Monday to resume deliberations in a landmark social media addiction trial accusing Meta and YouTube of trying to hook young internet users.

UK govt warns petrol retailers against 'unfair practices' during Iran war

Britain's energy minister warned petrol retailers Friday that the government would not tolerate "unfair practices" amid a row over rising fuel prices sparked by the Middle East war.

Mideast war cuts Hormuz strait transit to 77 ships: maritime data firm

Only 77 ships have so far crossed the Strait of Hormuz in March as the Mideast war disrupts one of the world's most vital shipping routes, a maritime data firm reported Friday.

How will US oil sanctions waiver help Russia?

The United States has eased some restrictions on Russia's oil sales as it tries to stabilise global energy markets, upended by Iran blocking the Strait of Hormuz amid the war in the Middle East.

Oil stays above $100, stocks slide tracking Mideast war

Oil prices stayed under $100 Friday with no end in sight to the disruption in supplies of crude, while stock markets slid lower.

How Iranians are communicating through internet blackout

Iran's latest internet blackout has lasted more than 14 days, connectivity monitor Netblocks said Friday.

Global shipping industry caught in storm of war

For anyone in the import business, the economic risks from the war in the Middle East arrive by sea -- and that goes for everyone who buys their products, too.

Why is the dollar profiting from Middle East war?

The surge in energy prices triggered by the conflict in the Middle East has significantly strengthened the dollar, paradoxically undermining US President Donald Trump's economic objectives.

Oil dips under $100, stocks back in green tracking Mideast war

Oil dipped under $100 Friday, but remained far above pre-Mideast war levels with no end in sight to the disruption in supplies of crude.

US Fed's preferred inflation gauge edges down

The US Federal Reserve's preferred inflation gauge came in slightly lower than expected in January, registering 2.8 percent growth over a year ago, according to data released Friday ahead of a key central bank rate-setting meeting next week.

Oil dips under $100, stocks fall tracking Mideast war developments

Oil dipped under $100 Friday, but remained far above pre-Mideast war levels with no end in sight to disrupted crude supplies.

Coin Press - Economy (English)