Coin Press - Economy

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Featured

Streamex is making digital gold accessible

Streamex is making commodities easy to acquire and trade, and the latest step puts it in regular brokerage accounts.

Mixed US auto sales in Q2 amid high gas prices

Automakers reported mixed second-quarter US sales Wednesday, illustrating continued demand for larger vehicles as well as strength in fuel-efficient models as high gasoline prices reverberated through showrooms.

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Satellite images show bodies in Bucha for weeks, rebutting Moscow claim

Satellite photographs released on Monday appear to rebut Russian assertions that dead bodies in civilian clothing found in Bucha had appeared there after Russian forces retreated from the devastated Ukrainian town.

Starbucks interim CEO Schultz to suspend share buyback program

The newly installed interim chief executive of Starbucks Howard Schultz announced Monday he will suspend a share repurchase program as the chain navigates a challenging landscape amid a growing unionization push.

French fruit, vineyards endure coldest April day in 75 years

French wine and fruit growers were hit by the coldest April day since 1947 overnight Sunday and early Monday, the second straight year they have suffered freak spring weather.

Twitter shares take wing, oil prices rebound

Stock markets were subdued on Monday while oil prices rose as investors tracked Russia's war with Ukraine, but Twitter stood out as its shares soared after Elon Musk purchased a major stake in the social network.

Sri Lanka opposition rejects unity govt offer, demands president resign

Sri Lanka's opposition on Monday dismissed the president's invitation to join a unity government as "nonsensical" and instead demanded he resign over the country's worsening shortages of food, fuel and medicines.

Elon Musk buys large stake in Twitter, sending stock soaring

Elon Musk has taken a major stake in Twitter, regulatory filings showed Monday, sending the social media network's stock soaring and igniting speculation he could seek an active role in its operations.

Stocks up, oil steady on easing supply, inflation concerns

Stock markets climbed and oil prices steadied Monday on easing concerns over tight crude supplies and decades-high inflation, traders said.

Sri Lanka leader offers to share power as protests mount

Sri Lanka's president offered to share power with the opposition on Monday as protests escalated across the country demanding his resignation over worsening shortages of food, fuel and medicines.

Troubled Sri Lanka set for new cabinet and protests

Sri Lanka's president was set to appoint a new cabinet Monday as security forces braced for possible violence with more protests expected against worsening shortages of food, fuel and medicines.

Asian markets mixed as strong US jobs data boosts rate hike bets

Asian markets were mixed Monday as another strong jobs report provided some reassurance that the recovery in the US economy remained on track but also solidified expectations for more aggressive Federal Reserve interest rate hikes.

Myanmar military's beer sales tumble after junta boycott

When Japanese brewing giant Kirin called time on its Myanmar operations last month, the news made little difference to Kyaw Gyi -- like many drinkers, he had long boycotted the beer it produced with a military conglomerate.

Hungary PM Orban wins fourth term with comfortable victory

Nationalist Hungarian Prime Minister Viktor Orban won a fourth term in office Sunday as his Fidesz party emerged triumphant, official figures showed, after a campaign overshadowed by the war in neighbouring Ukraine.

Sri Lanka protesters defy curfew after social media shutdown

Armed troops in Sri Lanka blocked a Sunday opposition march that defied a weekend curfew to protest the island nation's worsening economic crisis, after authorities imposed a social media blackout to contain public dissent.

'About time': Law set to end child marriage in England and Wales

At 16, Payzee Mahmod was coerced by her Iraqi-Kurdish family in London into marrying a man around twice her age.

Stung by drought, Morocco's bees face disaster

Morocco's village of Inzerki is proud to claim it has the world's oldest and largest collective beehive, but instead of buzzing with springtime activity, the colonies have collapsed amid crippling drought.

From Beirut to Baghdad: Lebanese flee crisis seeking jobs in Iraq

Iraq, once synonymous with conflict and chaos, is becoming a land of opportunity for Lebanese job-seekers fleeing a deep economic crisis back home.

Clock ticking on Swiss watches' raw materials from Russia

Diamonds shine brightly at this year's Geneva watch fair but the sanctions slapped on Russia could soon force the Swiss watch industry to produce more subdued designs.

Canadian trappers wrestle with loss of Russia, Ukraine fur markets

Trying to maintain his balance on a dam, Canadian trapper Ray Gall advances cautiously as he tries to retrieve a large black beaver snared in one of his traps.

US defense contractors see longer term benefits from war in Ukraine

US arms manufacturers are not cashing in directly from the thousands of missiles, drones and other weapons being sent to Ukraine, but they do stand to profit big-time over the long run by supplying countries eager to boost their defenses against Russia.

Tesla delivers over 1 million electric cars over past year

US electric car manufacturer Tesla shipped a record number of more than one million cars over the past year, according to figures published Saturday.

War-torn Yemen holds breath as breakthrough truce begins

Yemen's warring parties laid down their weapons for the first nationwide truce since 2016 on Saturday, with all eyes on whether the UN-brokered ceasefire will hold.

India, Australia ink interim trade deal

India and Australia signed an interim free trade deal on Saturday that cuts tariffs on billions of dollars of commerce as the two Quad partners bolster their economic ties.

No longer a last resort: Pulling CO2 from the air

To save the world from the worst ravages of climate change, slashing carbon pollution is no longer enough -- CO2 will also need to be sucked out of the atmosphere and buried, a landmark UN report is expected to say on Monday.

Amazon workers in New York vote to unionize in US first

Amazon workers in New York voted Friday to establish the first US union at the e-commerce giant, a milestone for a company that has steadfastly opposed organized labor in its massive workforce.

Stocks wobble as solid US jobs data points to rate hike

Stock markets wavered on Friday as a solid US jobs report raised expectations of an aggressive US interest rate hike to tame runaway inflation.

Stocks rise on strong US jobs data, oil steadies

Stock markets rose on Friday following a healthy US jobs report while oil prices steadied as US allies mulled new measures to calm the crude market.

New era for Zara empire as Ortega heiress takes helm

Marta Ortega on Friday took the reins of Zara-owner Inditex, the group founded by her father, and faces an immediate challenge after the fashion giant temporarily closed shops in Russia, its second biggest market.

US labor market nears full recovery after strong March hiring

The US labor market has almost recovered from the mass joblessness caused by the pandemic, adding hundreds of thousands of positions last month and sending the unemployment rate nearly to where it was before Covid-19 broke out nationwide.

Sri Lanka's all-powerful Rajapaksas under fire

Anger is boiling over in Sri Lanka at the country's worst economic crisis since independence in 1948, much of it directed at the island nation's all-powerful Rajapaksa family.

Young Sami return to reindeer herding despite climate fears

In the snowy Arctic darkness Suvi Kustula throws bundles of lichen to her excitable herd of reindeer, their antlers lit up by her van's headlights.

Disaster tourism: blackouts, shortages hit Sri Lanka recovery hopes

In a Sri Lankan beach guesthouse blacked out by a power cut, the owner's son illuminates a printed Wifi password with his phone for two European backpackers. A moment later the trio grasp the gesture's futility.

China's factory output at lowest in two years: Caixin PMI

China's factory output slumped to its lowest in two years in March, independent data showed Friday, as the country battles its worst Covid-19 outbreak since the start of the pandemic.

Coin Press - Economy (English)