Coin Press - Economy

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Between Trump and a hard place: Fed chair Warsh to lead first rate meeting

US Federal Reserve chief Kevin Warsh will chair his first meeting of the central bank's rate-setting committee next week caught between a rock and a hard place.

High-school drop out to big time crime boss, Venezuela's 'Nino Guerrero'

The Tren de Aragua leader killed in a US-Venezuelan raid was a high school dropout who lived in comfort behind bars as he transformed a prison gang into one of the most powerful and extensive criminal organizations in Latin America.

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Energy crunch fuels car pool growth

Rising fuel prices triggered by the Middle East war are driving a sharp increase in carpooling, with a ride-sharing platform reporting a surge in new users seeking cheaper ways to travel.

Mining turns India's heat-shield hills to dust

Dizzyingly deep pits from large-scale mining scar India's ancient Aravalli mountains, threatening the future of a forested buffer that New Delhi relies on for protection from furnace-hot desert winds.

After the AI binge, companies balk at soaring bills

Artificial intelligence is getting expensive -- and companies are starting to rethink their embrace of the disruptive technology.

Hungary to reform public media after long pro-Orban bias

Fired in 2011 from Hungarian state media forprotesting government meddling in news programmes, Aranka Szavuly is eager to return to work as a journalist, but says significant reforms are needed after 16 years of nationalist Viktor Orban's rule.

Hollywood studios and actors' union find common ground on AI

As Hollywood's performers cast their ballots to approve the latest negotiated contract, union leaders say they have made some progress in conversations with studio bosses since the massive strike in 2023, especially when it comes to concerns about artificial intelligence.

Digital G7 reaches limited deal on child protection, AI energy impact

Ministers gathered for a digital G7 meeting in Paris Friday made progress on online child protection but only nodded to AI's energy impact in a joint declaration on the sector's challenges.

Oil falls, stocks mixed on US-Iran truce prospects

Stock markets were mixed while oil prices fell again on Friday on investor optimism that the United States and Iran would reach a deal to extend their ceasefire.

Oil falls further, stocks mixed on US-Iran truce prospects

Stock markets were mixed while oil prices fell again on Friday on investor optimism that the United States and Iran would reach a deal to extend their ceasefire.

EU wants 'robust' defence against China trade imbalance

The European Union must act more forcefully to rebalance its trade relationship with China, the bloc's executive said Friday, after holding talks on protecting critical industries from Chinese rivals.

Stocks rise, oil eases on hopes of US-Iran truce deal

Stock markets mostly rose and oil prices fell Friday on optimism that the United States and Iran would reach a deal to extend their ceasefire.

French GDP slips 0.1% in first quarter, raising spectre of recession

French GDP shrank 0.1 percent in the first quarter, official data showed Friday, a downward revision from previous estimates that analysts warn could herald a recession for the eurozone's second-biggest economy.

Japan population sees record five-year drop: census

Japan's population dropped by a record 2.5 percent in the span of five years, census data showed Friday, as the world's fourth-largest economy struggles to overcome demographic woes.

Asia stocks surge, oil falls on hopes of US-Iran truce deal

Asian stock markets surged and oil prices receded on Friday, boosted by optimism that the United States and Iran will reach a deal to end their war that has hobbled global energy supplies.

Canadian who sold poison for suicides to plead guilty

The man accused of helping dozens of people worldwide commit suicide by selling them poison is set to appear in a Canadian court on Friday, where he is expected to plead guilty to 14 crimes.

Oil, stocks mixed as US-Iran deal awaits Trump approval

Oil prices diverged and global stock markets were mixed Thursday as a ceasefire extension deal between United States and Iranian negotiators awaited the green light from President Donald Trump.

AI giant Anthropic reaches near-trillion dollar valuation

Artificial intelligence company Anthropic said Thursday it had raised $65 billion in a new funding round that values the Claude maker at $965 billion, more than its archrival OpenAI, the maker of ChatGPT.

Mistral says would not interfere if its AI is used by defence customers

French AI startup Mistral would not weigh in on choices about how its technology is used by defence customers, its chief executive told AFP Thursday, laying out a clear position in an ethical debate stirring up the sector.

Oil advances, stocks drift on fresh US-Iran strikes

Oil prices rose slightly and global stock markets drifted Thursday after the United States and Iran exchanged new strikes despite their purported ceasefire, rekindling uncertainty about an end to the Middle East war.

Top EU economies vow to speed up financial integration

The EU's six biggest economies vowed Thursday to set aside differences and speed up integration of their financial markets as the bloc seeks to catch up with the United States and China.

UK risks a 'lost generation' of jobless young people

Britain risks creating a "lost generation" as the number of young people out of work and education surges, a government-commissioned review warned Thursday.

Oil climbs, stocks drop on fresh US-Iran strikes

Oil prices bounced higher and stock markets fell Thursday after the United States and Iran exchanged fresh strikes, upending hopes of an end to the Middle East war.

Online horror phenomenon turns movie blockbuster with 'Backrooms'

Originating as a creepy shared story told online by ordinary internet users, the "Backrooms" universe erupts into American cinemas on Friday with a film directed by star YouTuber Kane Parsons.

Oil rises and Asia stocks slide after new US strikes on Iran

Oil prices bounced higher on Thursday while Asian stocks fell, as new US strikes on Iran marked the latest test of a shaky ceasefire in the Middle East war.

US strikes Iran, drawing retaliatory attack on American base

The United States struck southern Iran on Thursday, drawing retaliation from Tehran against a US military base, in the most serious clashes since an April ceasefire began.

Oil prices bounce higher after new US strikes on Iran

Oil prices bounced higher on Thursday while Asian stocks mostly fell, as new US strikes on Iran marked the latest test of a shaky ceasefire in the Middle East war.

Iran says war unlikely as Trump warns he may 'finish the job'

Oil prices tumbled Wednesday on hopes of a US-Iran peace deal, even as President Donald Trump warned he may have to "finish the job" and Tehran said its forces were still "lying in wait with full magazines."

Meta launches paid subscriptions for Instagram, Facebook, WhatsApp

Meta on Wednesday launched paid subscription plans for its flagship apps, marking a major push by the tech giant to diversify beyond its longtime reliance on advertising revenue.

AI chiefs walk back job apocalypse warnings

The most prominent figures in artificial intelligence are stepping back from dire predictions about mass unemployment, as the industry faces growing public hostility over AI's promised transformation of the workplace.

Value of chip giant SK hynix joins Micron to top $1 tn

The market value of South Korean memory chipmaker SK hynix soared past $1 trillion on Wednesday, fueled by frenzied global demand for the computing hardware that powers artificial intelligence tools -- a surge that also carried US-based Micron across the threshold.

Germany warns on trade imbalance as economy minister visits China

Germany's economy minister began a visit to China on Wednesday with Berlin saying it wanted to boost cooperation with a key partner while also warning of worsening trade imbalances.

Asia stocks see tech gains as investors weigh US-Iran deal

Asian equities were mixed on Wednesday with gains driven by soaring tech stocks and guarded optimism the United States and Iran will reach a peace deal.

Frugal and more online: smarter spenders rewrite luxury's China dream

When Beijinger Jacqueline Li first heard one of her favourite luxury department stores in the city was closing, she was shocked -- until she considered how Chinese spending habits have changed in recent years.

Coin Press - Economy (English)