Coin Press - Economy

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Canada hikes rates to contain oil price surge caused by Iran war

Canada's central bank raised its key interest rate to 2.5 percent Wednesday, as it tries to prevent an oil price surge caused by the Iran war from sparking broader inflation.

World Bank warns of worsening food insecurity as commodity prices soar

The World Bank on Wednesday warned that global commodity prices were set to increase by 23 percent by the end of 2026, with energy prices at four-year highs due to the war on Iran and food prices driven up by global conflicts and El Nino.

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Asian markets mixed as inflation fears weigh

Asian stocks were mixed Monday as inflation fears and concerns about low economic growth weighed on markets.

Biden reinforces Japan ties, unveils Asia trade initiative

President Joe Biden meets with Japanese Prime Minister Fumio Kishida in Tokyo and unveils a multinational trade initiative Monday as part of his push to reinvigorate US strategic power across Asia.

Polish leader lends support in Ukraine as Zelensky looks to Davos

Polish President Andrzej Duda, speaking in Kyiv on Sunday, underscored his nation's key support for embattled Ukraine as Russian forces pursued a relentless bombardment of frontline cities in the east.

US flight brings tons of needed baby formula from Germany

A US military plane bringing several tons of much-needed baby formula from Germany landed Sunday at an airport in Indiana as authorities scramble to address a critical shortage.

Turtles freed in Tunisia with tracking monitor

Three rescued loggerhead turtles were released into the Mediterranean off Tunisia on Sunday, one with a tracking beacon glued to its shell to help researchers better protect the threatened species.

Ukraine warns only diplomacy can end war

Ukrainian President Volodymyr Zelensky has warned only a diplomatic breakthrough rather than an outright military victory can end Russia's war on his country, while pushing its case for EU membership.

'God before war': Moral dilemmas at frontline Ukrainian church

The echoes of artillery fire made Deacon Sergiy question his allegiances as he descended into a candlelit basement to lead prayers at a war-damaged church on the east Ukrainian front.

Moldova wine industry's EU focus pays off

In the small Moldovan village of Pereni, Nicolae Tronciu gazes at his vineyard, with its buds ready to bloom.

Bitter harvest for Indian farmers after wheat export ban

When New Delhi banned wheat exports as prices soared over Russia's invasion of Ukraine it provoked consternation abroad and drove the cereal even higher.

Ukraine's Zelensky warns only diplomacy can end war

A paw-some day trip: dogs ride Japan bullet train

On Japan's bullet trains, dogs usually have to travel in a carrier, but on Saturday they could stretch their paws and enjoy the scenery on a special pet-friendly express.

Sicily judge weighs trial of migrant rescue NGOs

Charities running migrant rescue ships in the Mediterranean faced a pre-trial hearing in Sicily Saturday over alleged collusion with people traffickers after a controversial probe that involved mass wiretapping.

Sicily judge to weigh trial of migrant rescue NGOs

Charities running migrant rescue ships in the Mediterranean face a pre-trial hearing in Sicily Saturday over alleged collusion with people traffickers after a controversial probe that involved mass wiretapping.

Judge blocks Biden plan to lift border expulsion policy

A health rule imposed at the start of the Covid-19 pandemic that has blocked most asylum seekers at the US border with Mexico must stay in place, a judge ruled Friday.

Tucker Carlson: Voice of white America's outrage and fears

In the world of Tucker Carlson's hit TV show, America is under assault -- by Democrats, by health authorities, by immigrants, by Black Lives Matter protests -- and white conservatives are in a fight for their very survival.

Canada celebrates political icon 'Hurricane Hazel', aged 101

Hazel McCallion, 101, was recently reappointed to the board of Canada's largest airport as she forges ahead with a career that has included being a city mayor for 36 years and playing professional hockey.

New York sneaker expo presents some of Virgil Abloh's last works

Some of Virgil Abloh's final creations will be on public display in New York in an expo that also confers further mystique to the lucrative world of specialty sneakers.

Hyundai to build $5.5 bn electric vehicle plant in US

South Korean automaker Hyundai will build a $5.5 billion electric vehicle and battery plant in the southern US state of Georgia, its governor announced Friday, as President Joe Biden pursued his trip to Seoul.

Biden opens SKorea trip at Samsung plant as NKorea nuclear fears mount

President Joe Biden has arrived in South Korea on his first Asia trip as US leader, aiming to cement economic and security ties with regional allies despite growing fears of a North Korean nuclear test.

Key Iraq irrigation reservoir close to drying out

Iraq's Lake Hamrin, a once-vast reservoir northeast of Baghdad that is the sole source of water for irrigation across Diyala province, has nearly dried out, a senior official said Friday.

China rate cut boosts Asian, European stocks

Asian and European stocks rebounded Friday on China's interest rate cut, but US equities continued to slump on fears that sky-high inflation will spark a global downturn.

Elon Musk in Brazil to launch plan to survey and connect Amazon

Billionaire Elon Musk arrived in Brazil Friday, announcing a project to bring internet access to schools in the Amazon and improve satellite monitoring of the rainforest.

Biden begins South Korea trip at Samsung factory, flagging supply chain woes

President Joe Biden arrived in South Korea Friday on his first Asia trip as US leader, aiming to cement economic and security ties with regional allies despite growing fears of a North Korean nuclear test.

Stocks climb after China rate cut

Global stocks rebounded Friday on China's interest rate cut, after having slumped the previous day on fears that sky-high inflation would spark a global downturn.

Stock markets rebound on China rate cut

Asian and European stocks rebounded Friday on China's interest rate cut, after sinking the previous day on fears that sky-high inflation would spark a global downturn.

UK finance minister makes rich list for first time

Finance minister Rishi Sunak became Friday the first high-profile British politician to make the Sunday Times Rich List, weeks after his family's tax arrangements attracted controversy and amid a cost-of-living crisis.

China condemns Canada's Huawei 5G ban over 'groundless' security risks

Beijing hit out at Canada for banning telecoms giants Huawei and ZTE from Canadian 5G networks on Friday, calling Ottawa's concerns for security risks "groundless" and warning of retribution.

Asian markets up after China cuts key interest rate

Asian markets saw a sustained bump Friday following China's decision to lower a key benchmark rate, injecting optimism among traders that it could boost the world's second-largest economy from its Covid-battered knees.

Dazzling but empty stadiums a symbol of China's fading football dream

Gleaming football stadiums built for the Asian Cup may turn into "white elephants" after China withdrew as hosts, experts say, with President Xi Jinping's World Cup dreams more remote than ever.

'Enough!' Abortion denial row sparks outcry in Croatia

The heart-rending case of a woman denied an abortion by four hospitals despite the foetus having an aggressive tumour has sparked an outcry over women's rights in largely Catholic Croatia.

China cuts key mortgage reference rate as Covid bites

China on Friday announced it would cut a key interest rate in a boost to home buyers and debt-mired developers as the country's economy is slowed by Covid-19 restrictions ripping across major cities.

Vintage Mercedes fetches record €135 mn at auction

A 1955 Mercedes-Benz, one of only two of its kind, was auctioned off earlier this month for a whopping 135 million euros ($143 million), making it the most expensive car ever sold, RM Sotheby's announced Thursday.

Coin Press - Economy (English)