Coin Press - Economy

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Airbus aims for record deliveries despite disappointing quarter

European aircraft manufacturer Airbus said Wednesday its third quarter revenues dipped as it finished fewer planes, but insisted it would still deliver a record number this year.

US Fed holds interest rates steady despite surging inflation

The US Federal Reserve on Wednesday held interest rates steady, in line with market expectations, days ahead of crucial midterm elections where surging inflation has been a key issue.

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Musk says Twitter deal remains deadlocked over fake users

Business magnate Elon Musk said Tuesday that his $44 billion move to take over Twitter remained held up by "very significant" questions about the number of fake users on the social network.

UK hit by biggest rail strike in over 30 years

Rush-hour commuters in the UK faced chaos on Tuesday as railway workers launched the network's biggest strike in more than three decades, forcing people to trek to work on foot, by bike, bus -- or simply not bother at all.

Biggest rail strike in over 30 years hits UK

Rush-hour commuters in the UK faced chaos on Tuesday as railway workers began the network's biggest strike action in more than three decades, with a cost-of-living crisis threatening wider industrial action.

Most markets climb as calm returns after sharp sell-off

Equities rose in most cities Tuesday in Asia as some stability returned to markets after last week's upheaval, but analysts warned of further pain for traders after central bank officials hinted at more interest rate hikes to reel in inflation.

Britain faces biggest rail strike in over 30 years

Britain's railway workers on Tuesday began the network's biggest strike action in more than three decades, as a cost-of-living crisis caused by surging inflation risks wider industrial action.

Sexy lingerie makes post-pandemic comeback

Sexy women's underwear didn't fare too well during the jogging-bottoms-and-pyjamas phase of the pandemic, but from the red carpet to lingerie shows, ultra-sultry intimate apparel is making a comeback -- and is now much more visible.

Brazilian police find boat of murdered British journalist, guide

Brazilian police said Monday they had found the boat in which British journalist Dom Phillips and his Brazilian expert guide Bruno Pereira were travelling before they were killed in the Amazon.

European stocks rise despite recession worries

Europe's main stock markets rebounded on Monday after a mixed Asian session following tumultuous sessions last week over recession fears.

Air industry could fly back into black next year, IATA says

Global air transport is on course to return to profit after two pandemic-battered years but the war in Ukraine and the cost-of-living crisis lurk as threats, the industry's world body said on Monday.

Petrobras CEO quits in fuel price standoff with Bolsonaro

The CEO of Brazil's state-owned oil company Petrobras, who has stayed in his post despite being fired by Jair Bolsonaro in May, resigned Monday after a new fuel price hike that enraged the far-right president.

ConocoPhillips joins Qatar's mega gas expansion

ConocoPhillips on Monday became the first US energy giant to sign up to help Qatar's massive natural gas expansion that has drawn global bidders anxious to assure new supplies.

European stocks aim higher despite recession worries

Europe's main stock markets rose on Monday after a mixed Asian session, as traders set aside recession fears and French political uncertainty.

Strike forces cancellation of all Brussels flights

Brussels Airport cancelled all outbound flights on Monday after most security staff joined a nationwide strike for better pay as soaring inflation hit workers' purchasing power.

Sanctioned Russia becomes China's main source of oil

China ramped up crude oil imports from Russia in May, customs data showed Monday, helping to offset losses from Western nations scaling back Russian energy purchases over the invasion of Ukraine.

Judo helps fight xenophobia in South Africa

In a newly renovated white building in a South African township about 20 children in judogi and others in school uniforms tumble around on a tatami under the watchful eye of a coach.

Men's fashion back to old normal in Paris

It is back to the old ways for men's fashion week, which kicks off in Paris on Tuesday, with the last pandemic-era restrictions cleared and the surprise return of Hedi Slimane of Celine, who had previously called official fashion shows "obsolete".

Air industry recovery gathering pace despite uncertainty: IATA

Air passengers are expected to hit 83 percent of pre-pandemic levels this year and the aviation industry's return to profit is "within reach" in 2023 despite ongoing uncertainty, the International Air Transport Association said on Monday.

Stock markets mixed as recession worries persist

Markets were mixed Monday having pared earlier losses but sentiment continues to be clouded by fears that central bank moves to rein in soaring inflation will induce a recession.

Bankrupt Sri Lanka opens IMF talks, begins shutdown

Sri Lanka closed schools and halted all non-essential government services on Monday, beginning a two-week shutdown to conserve fast-depleting fuel reserves as the International Monetary Fund opened talks with Colombo on a possible bailout.

Yours sincerely: singles charmed by Japan letter-writing scheme

Sick of swiping and tired of Tinder? Old-fashioned love letters may be the answer, says one Japanese city whose unusual matchmaking scheme has been a surprising success.

Asian markets, oil prices extend losses on recession worries

Asian markets fell again Monday and oil prices extended losses on growing fears that central bank moves to rein in soaring inflation will induce a recession.

Japan judo hits crisis point as bullied, burnt-out children quit

Japan is the home of judo but a brutal win-at-all-costs mentality, corporal punishment and pressure to lose weight are driving large numbers of children to quit, raising fears for the sport's future in its traditional powerhouse.

China's mass testing mantra is building a waste mountain

Hazmat-suited workers poke plastic swabs down millions of throats in China each day, leaving bins bursting with medical waste that has become the environmental and economic levy of a zero-Covid strategy.

Britain set for biggest rail strike in decades

Britain's railway network this week faces its biggest strike action in more than three decades in a row over pay as soaring inflation erodes earnings.

Sao Paulo's LGBTQ parade calls for Brazilians to 'vote with pride'

Several hundred thousand people marched Sunday in Sao Paulo's annual LGBTQ Pride parade under the slogan "vote with pride, for policies that represent us" -- a reference to Brazil's upcoming presidential election.

Spanish PM thrashed in Andalusia regional election

Spain's main opposition Popular Party secured a landslide win in a regional election in Andalusia on Sunday, partial official results showed, dealing a blow to Socialist Prime Minister Pedro Sanchez ahead of a national vote expected at the end of 2023.

Spanish PM set for drubbing in Andalusia regional election

Spanish Prime Minister Pedro Sanchez's Socialists appeared to have suffered a drubbing in a regional vote in Andalusia on Sunday ahead of a national election expected at the end of next year.

'Jurassic' is again top draw in N.American theaters

"Jurassic World Dominion" again stomped to the top on North American movie screens this weekend, while new release "Lightyear" didn't quite make it to infinity, or beyond.

Italy's Eni joins giant Qatar gas project after Russian cuts

Italian company Eni on Sunday joined Qatar Energy's project to expand production from the world's biggest natural gas field, days after Russia slashed supplies to Italy.

Uyghur-heritage candidate urges Japan to 'embrace diversity'

Arfiya Eri is a young, female, multilingual former United Nations official, all of which would already help her stand out as a Japanese political candidate, but she is also of Uyghur heritage.

Layoffs and exits: Firms in China teeter under zero-Covid pressure

Fiona Shi lost her job twice during the pandemic -- first, in 2020 when Covid ravaged the travel industry, and then this year as China's strict virus controls hammered businesses in the world's number two economy.

Central banks walk inflation-recession tightrope

Central banks have ramped up their battle against runaway inflation, a necessary remedy that could have the adverse side effect of tipping countries into recession, analysts say.

Coin Press - Economy (English)