Coin Press - Economy

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Featured

Vietnam, EU vow stronger ties as bloc's chief visits Hanoi

Vietnam and the European Union pledged to deepen economic and security cooperation on Thursday, upgrading their diplomatic relationship to hedge against an increasingly unpredictable United States.

Deutsche Bank logs record profits, as new probe casts shadow

Deutsche Bank on Thursday reported record pre-tax profits of 9.7 billion euros ($11.6 billion) in 2025, with all divisions performing well, even as Germany's biggest lender faces a new money-laundering probe.

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Italian influencer Ferragni acquitted in Christmas cake fraud trial

Italian fashion influencer Chiara Ferragni was acquitted Wednesday of aggravated fraud over charity endorsement deals in a case that has led to greater regulation of the sector in Italy.

Ryanair hits out at 'stupid' Belgium over aviation taxes

Low-cost airline Ryanair on Wednesday announced it is mulling a cut to flights in Belgium, especially at its major European hub of Charleroi Airport, because of Belgian authorities' "stupid" taxes.

African manufacturers welcome US trade deal, call to finalise it

African manufacturers on Wednesday welcomed US lawmakers' approval for renewing their duty-free access but called for urgency in finalising the deal.

'We can't make ends meet': civil servants protest in Ankara

Hundreds of angry civil servants marched through Ankara Wednesday demanding a realistic pay rise as they battle poverty amid the soaring prices and double-digit inflation.

Oil prices extend gains on Iran unrest

Oil prices rose further Wednesday on the political instability in major crude producer Iran, helping safe-haven gold to a new record high and weighing on the dollar.

Italian influencer Ferragni awaits verdict in Christmas cake fraud trial

Italian fashion influencer Chiara Ferragni on Wednesday was awaiting a verdict in a trial in which the Instagram star is accused of fraud over charity endorsement deals.

Dutch court hears battle over Nexperia

A Dutch court held hearings Wednesday to weigh whether to order an investigation into Nexperia, a Chinese-owned chip company at the centre of a global tug-of-war over critical semiconductor technology.

Luxury retailer Saks Global files for bankruptcy

US luxury retail group Saks Global, the parent company of Saks Fifth Avenue, Neiman Marcus and Bergdorf Goodman, said Wednesday it had filed for bankruptcy.

Asian markets mostly up with politics bump for Tokyo

Asian markets largely rose on Wednesday as speculation about a snap election in Japan pushed up Tokyo shares, and oil prices dipped after a surge fuelled by instability in Iran.

China's trade surplus hit record $1.2 trillion in 2025

China reported strong trade numbers for 2025 on Wednesday, as its surplus rose year-on-year to a record $1.2 trillion despite a slump in exports to the United States after President Donald Trump hiked tariffs.

Trail goes cold in UK abandoned babies mystery

Two years after a newborn baby was found abandoned on a freezing winter's night, London police look set to shelve their investigation despite having discovered that she is the sibling of two other foundlings.

Asian markets mixed, Tokyo up on election speculation

Asian markets were mixed Wednesday, with Japan election speculation pushing Tokyo shares to a record high, while oil steadied after a surge fuelled by instability in Iran.

US allows Nvidia to send advanced AI chips to China with restrictions

The US Commerce Department on Tuesday opened the door for Nvidia to sell advanced artificial intelligence chips in China with restrictions, following through on a policy shift announced last month by President Donald Trump.

US stocks retreat from records as oil prices jump

Wall Street stocks retreated from records on Tuesday as markets weighed muted US inflation data, mixed bank earnings and a jump in oil prices.

Fuming French farmers camp out in Paris despite government pledges

French farmers said Tuesday they and their tractors would be spending the night in Paris, even after Prime Minister Sebastien Lecornu promised an "emergency bill" to help alleviate their woes including the EU-Mercosur trade deal.

JPMorgan Chase reports mixed results as Dimon defends Fed chief

JPMorgan Chase reported lower fourth-quarter profits Tuesday as CEO Jamie Dimon endorsed Federal Reserve independence and offered an upbeat reading on the US economy.

Nuuk, Copenhagen mull Greenland independence in Trump's shadow

Greenland hopes to cut all ties with Copenhagen, but leaders are proceeding cautiously with independence plans for the Danish self-governing territory despite US President Donald Trump's threats to take over the Arctic island.

Trump's Iran tariff threat pushes oil price higher

The price of oil rose on Tuesday after US President Donald Trump announced steep tariffs on anyone trading with Iran, sparking expectations the threat will restrict supplies of crude.

Denmark, Greenland set for high-stake talks at White House

Danish and Greenlandic officials will hold high-stake talks about Greenland's future on Wednesday at the White House with US Vice President JD Vance, who has accused Denmark of neglecting its autonomous territory.

Hong Kong activist investor David Webb dies at 60

David Webb, a Hong Kong activist investor who campaigned for market transparency and democratic accountability, died on Tuesday aged 60, according to a statement posted on his social media.

Nuuk, Copenhagen cautiously mull Greenland independence

Denmark's self-governing territory Greenland hopes to cut all ties with Copenhagen but leaders are proceeding cautiously with independence plans despite US President Donald Trump's threats to take over the Arctic island.

'Proving the boys wrong': Teenage racers picked for elite driver programme

Teenage racer Zoe Florescu Potolea says it's nice to "prove the boys wrong" as she celebrates being named on Tuesday among five new drivers picked for a programme to develop elite female F1 talent.

Iran worries push up oil price as world stocks diverge

European and Asian stock markets diverged Tuesday as investors awaited key US inflation data while concerns about Iran lifted oil prices.

Volvo Cars pauses battery factory after fruitless partner search

Swedish automaker Volvo Cars said Tuesday that it was pausing operations at a battery factory under construction, dismissing all 75 workers there, after failing to find a partner for the business.

Central bank chiefs voice 'full solidarity' with US Fed, Powell

The heads of major central banks have thrown their support behind the US Federal Reserve and its chairman Jerome Powell, saying in a joint statement Tuesday that it was "critical to preserve" their independence.

Greece airspace shutdown exposes badly outdated systems

A deeply embarrassing systems failure which forced Greece to close its airspace for several hours with pilots unable to speak to air traffic control, has exposed badly outdated communication systems at Athens International Airport -- one of the world's top travel destinations.

Boeing sells 50 737 MAX jets to leasing group ACG

Boeing said Tuesday that it had secured a firm order from the leasing firm Aviation Capital Group for 50 of its 737 MAX jets, the company's workhorse jet for the commercial airline industry.

Freezing rain paralyses transport in Central Europe

Freezing rain led to flights being suspended at Vienna airport on Tuesday, while neighbouring Slovakia, Czech Republic and Hungary also experienced travel disruptions.

Tractors in Paris to protest EU's trade deal with S. America

Dozens of tractors rolled into Paris early Tuesday as French farmers protest against the trade deal the European Union has struck with four South American countries.

Asian markets rise, Iran worries push up oil

Asian markets gained on Tuesday, as Tokyo closed at a record high on speculation over a snap election, while concerns about Iran pushed oil prices higher.

French museum fare hikes for non-European tourists spark outcry

Should foreign tourists pay more for state-funded galleries than locals, or should art be accessible to all, without discrimination? France is hiking prices for non-Europeans at the Louvre this week, provoking debate about so-called "dual pricing".

In 'big trouble'? The factors determining Iran's future

Over two weeks of protests mark the most serious challenge in years to Iran's theocratic leadership in their scale and nature but it is too early to predict the immediate demise of the Islamic republic, analysts say.

Coin Press - Economy (English)