Coin Press - Economy

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Featured

Two dead after car ploughs into people in Germany's Leipzig: mayor

A car ploughed into people on a street Germany's eastern city of Leipzig on Monday, leaving at least two dead and several injured, authorities said.

Iran fires 'warning shots' as US Navy says its ships entered Gulf via Hormuz

Iran's navy fired 'warning shots' at US warships in the Strait of Hormuz on Monday, state media said, after the American military sent cruisers into the Gulf as part of a plan to help trapped commercial vessels leave.

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'Fantastic': nursing home pub lifts spirits in France

On a recent Saturday in a retirement home in the northeastern French village of Kunheim, happy hour started early.

UN nuclear head renews call for Iran to allow inspections at key sites

The head of the UN nuclear agency on Wednesday renewed his call for Iran to allow inspections at key nuclear sites attacked by Israel and the United States in June.

Netherlands halts Nexperia takeover in gesture to China: minister

The Netherlands has suspended its proposed takeover of Chinese-owned chip maker Nexperia in a sign of "good will" towards Beijing, Dutch Economy Minister Vincent Karremans said Wednesday.

China passes US to return as Germany's top trade partner

China has reclaimed its title as Germany's top trading partner, dethroning the United States after President Donald Trump launched his tariff onslaught, official data showed Wednesday.

Why is bitcoin plunging?

The value of bitcoin has fallen sharply since reaching record heights last month, briefly falling below $90,000 on Tuesday compared with above $126,000 at the start of October.

South Africa to host G20 summit boycotted by US

South Africa will host the G20 summit this weekend, aiming to secure commitments on debt relief for developing countries and to tackle global inequalities as the United States boycotts the event.

Nuts and beer: booze-free bar offers Saudis a pub vibe

Draft beer, peanuts and big-screen sports... the scene is reminiscent of pubs worldwide, but in Saudi Arabia's capital, customers in white robes or black veils sip alcohol-free pints with no expectation of a hangover.

Meta wins major antitrust case as US judge rules no monopoly

A US judge dismissed the federal government's antitrust lawsuit against Meta on Tuesday, ruling that the tech giant's acquisition of Instagram and Whatsapp did not constitute an illegal monopoly in social media.

Germany hopes new data centre can help bring 'digital sovereignty'

A new mega data centre is slated to rise in a rural stretch of eastern Germany in what backers hope is a starting point for a European AI sector that can compete with the United States and China.

French court says Perrier can keep marketing as 'natural mineral water'

A French court on Tuesday said Perrier can keep selling its famed sparkling beverage as "natural mineral water", rejecting a case brought by a consumer rights group that said the label was misleading and urged the suspension of sales.

IMF gold sales among measures to tackle debt, says report for G20

South African President Cyril Ramaphosa welcomed Tuesday a G20-commissioned report proposing the sale of some of the IMF's "hoard of gold" and a review of lending practices among measures to tackle Africa's crippling debt.

Cloudflare bug takes chunk of web offline

Major websites including social network X and AI chatbot ChatGPT were disrupted on Tuesday after US online services provider Cloudflare said it had been affected by a "latent bug".

Stocks, bitcoin retreat with eyes on Nvidia

Stock markets slid and bitcoin dropped under $90,000 Tuesday as investors worried about lofty tech valuations on the eve of earnings from AI chip titan Nvidia.

Ukraine races to repair power stations before Russia strikes again

At a Ukrainian power plant repeatedly battered by Russian missile and drone barrages, the staff have a sense of deja vu.

TotalEnergies accused of Mozambique war crimes 'complicity'

An NGO said Tuesday it had filed a legal complaint against TotalEnergies, accusing the French energy multinational of "complicity in war crimes" at its gas site in Mozambique.

Merz, Macron to push for European digital 'sovereignty'

German Chancellor Friedrich Merz and French President Emmanuel Macron will join forces Tuesday to push for greater European digital "sovereignty" and less dependence on US tech titans as the AI race gathers pace.

Asian markets track Wall St down with Nvidia, US jobs in view

Asian stocks sank Tuesday, tracking more losses on Wall Street as investors grow increasingly worried about frothy tech valuations, with focus turned to earnings this week from AI chip titan Nvidia.

Haitian gangs getting rich off murky market for baby eels

Gangs in Haiti are profiting from a lucrative trade in baby eels caught in the crime-ridden country's rivers and estuaries and sold abroad for thousands of dollars.

Carney's Liberals pass budget, avoiding snap Canada election

Canada's Liberal government survived a confidence vote on Monday, as parliament narrowly passed a budget Prime Minister Mark Carney says is essential to bolster an economy threatened by US tariffs.

Fate of Canada government hinges on tight budget vote

Canadian Prime Minister Mark Carney's Liberal government faced potential collapse on Monday, with parliament set to vote on a budget he insists is essential to kickstart the country's tariff-battered economy.

Mbappe, PSG face off in multi-million lawsuit

The bitter dispute between Kylian Mbappe and his former club Paris Saint-Germain reached the French Labour court on Monday for a tense hearing in which the France striker claimed 263 million ($304m) and the club responded by demanding he pay them 440m euros.

Western aid cuts could cause 22.6 million deaths, researchers say

More than 22 million people, many of them children, could die preventable deaths by 2030 due to aid cuts by the United States and European countries, new research said Monday.

South Korea pledges to phase out coal plants at COP30

South Korea pledged Monday to phase out coal power plants that lack emission-reducing measures, an ambitious step for a country that generates a third of its electricity from the fossil fuel.

Ex-PSG footballer Hamraoui claims 3.5m euros damages against club

Former Paris Saint-Germain women's footballer Kheira Hamraoui filed a 3.5 million-euro ($4m) claim against the club on Monday, alleging that she was forced out after she was brutally attacked with an iron bar.

Mbappe, PSG in counterclaims worth hundreds of millions

France captain Kylian Mbappe on Monday claimed 240 million euros ($278m) in damages from Paris Saint-Germain in an escalating dispute over the status of his contract and how his former club treated him.

Emirates orders 65 more Boeing 777X planes despite delays

Emirates, the Middle East's biggest airline, topped up its order of Boeing 777X planes on Monday despite years of delays, delivering a vote of confidence to the US manufacturer at the Dubai Airshow.

Trade tensions force EU to cut 2026 eurozone growth forecast

The eurozone economy will grow less than expected next year, the EU executive predicted on Monday, as risks from international trade and geopolitical tensions weigh on the single currency area.

EU predicts less eurozone 2026 growth due to trade tensions

The EU on Monday cut its eurozone growth forecast for 2026 as risks from international trade and geopolitical tensions weigh on Europe's economy.

Swiss growth suffered from US tariffs in Q3: data

Switzerland's economy contracted in the third quarter of the year, suffering from high US tariffs which abruptly curtailed exports across the Atlantic, the economy ministry said on Monday.

Carbon capture promoters turn up in numbers at COP30: NGO

Companies and groups backing carbon-capture technology, which critics slam as an excuse to keep burning fossil fuels, have deployed more than 500 participants to the COP30 climate talks, according to a list compiled by an NGO and shared exclusively with AFP.

Japan-China spat sinks tourism stocks

Japanese tourism and retail shares fell sharply on Monday after China warned its citizens to avoid travelling to the East Asian country in a spat over comments by Prime Minister Sanae Takaichi about Taiwan.

Zelensky in Paris to seek air defence help for Ukraine

Ukraine's President Volodymyr Zelensky visits Paris on Monday in a new bid to secure weaponry to defend his country against increasingly lethal Russian missile and drone attacks.

Coin Press - Economy (English)