Coin Press - Economy

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Featured

From rations to G20's doorstep: Poland savours economic 'miracle'

Many Poles scoffed in 1980 when Lech Walesa, leader of the nascent Solidarity union, promised that Poland would become "a second Japan" -- yet the country now finds itself primed to join the G20 club of major economies.

Equities and precious metals rebound after Asia-wide rout

Stocks rallied while precious metals rebounded as some stability returned Tuesday following a rout fuelled by a perfect storm that sent shivers through across Asian trading floors.

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Nvidia says no 'backdoors' in chips as China questions security

Nvidia chips do not contain "backdoors" allowing remote access, the US tech giant has said, after Beijing summoned company representatives to discuss "serious security issues".

Heathrow unveils £49 bn expansion plan for third runway

London's Heathrow Airport on Friday unveiled a £49-billion ($65 billion) expansion plan, including the costs of building a long-awaited third runway, approved by the UK government after years of legal wrangling.

Google must open Android to rival app stores: US court

A US federal court ruled Thursday that Google must open its Android operating system to rival app stores, after the internet giant lost an appeal in an antitrust case filed by Fortnite maker Epic Games.

Amazon profits surge 35% as AI investments drive growth

Amazon reported a 35 percent jump in quarterly profits Thursday as the e-commerce giant said major investments in artificial intelligence began paying off.

US theater and opera legend Robert Wilson dead at 83

Celebrated US director Robert Wilson, who revolutionized stage and opera, died Thursday at the age of 83, his management said.

EA shooter 'Battlefield 6' to appear in October

Promising vast combat zones and pounding action, team-based first-person shooter "Battlefield 6" is set for release in October, pitting it against longtime rival “Call of Duty” for autumn sales dominance.

Heavyweight shooter 'Battlefield 6' to appear in October

Electronic Arts team-based shooter "Battlefield 6", expected to be one of the hit games of the year, will be released on October 10, the American publisher said Thursday.

Microsoft valuation surges above $4 trillion as AI lifts stocks

Shares of Microsoft spiked Thursday following blowout quarterly results, lifting the tech giant into the previously unprecedented $4 trillion club along with Nvidia, another artificial intelligence standout.

Thousands of Afghans scramble for chance to work in Qatar

When Mohammad Hanif heard Qatar was opening jobs to Afghans, he joined thousands of others to put his name down for a shot to make a living in the gas-rich emirate, his own country wracked by unemployment.

Hong Kong sees 3.1% growth in second quarter

Hong Kong's economy grew by 3.1 percent in the second quarter, according to government estimates released Thursday, beating expectations, with strong exports buoyed by businesses racing to take advantage of US tariff easing.

Stocks, dollar mixed tracking Fed, tariffs, results

Major stock markets and the dollar traded mixed Thursday as traders weighed a cautious Federal Reserve, strong tech earnings and new US tariffs.

World Athletics brings in gene tests for female category eligibility

Track and field athletes aiming to take part in the female category in elite competitions will have to take a gene test from September, World Athletics has announced.

BMW says can weather tariff storm despite profit plunge

German carmaker BMW stuck to its 2025 targets Thursday despite quarterly profits tumbling a third due partly to US tariffs, insisting its large American operations meant it could weather the storm.

Shell net profit retreats on lower energy prices

British energy giant Shell on Thursday said its net profit slid 23 percent in the first six months of the year, hit by lower oil and gas prices.

Unilever profit slides ahead of ice cream demerger

British consumer goods giant Unilever on Thursday said net profit fell five percent in the first six months of the year, as it prepares to demerge its ice cream business.

Trump announces new tariffs as deadline nears

US President Donald Trump imposed new tariffs to punish or favor major trading partners Wednesday, as governments raced to strike deals with Washington less than 24 hours before an August 1 deadline.

BMW profits slump on China woes, US tariffs

BMW said Thursday its profits slumped by a third in the second quarter as the German premium carmaker was hit hard by falling sales in key market China and US tariffs.

Firms in Vietnam walk tightrope as Trump's transshipping rule looms

As Donald Trump's eye-watering tariffs on Chinese products passing through Vietnam are set to kick in Friday, companies in the Southeast Asian country are cautiously waiting to see what falls into that category.

Laos braced for blow of Trump tariff threat

Hawking clothes outside the garment factory where her daughter toils inside, a Laos vendor weighs US President Donald Trump's threat of trade tariffs that may soon snarl both their livelihoods.

China manufacturing sinks again in July as US trade talks stall

China's factory output shrank more than expected in July, official data showed on Thursday, logging its fourth straight month of contraction as Beijing battles to hammer out a trade deal with the United States.

Brazil Central Bank holds interest rate as tariffs loom

Brazil's Central Bank on Wednesday held its benchmark interest rate steady at 15 percent, citing "uncertainty" as the United States announced punishing tariffs on the South American economic powerhouse.

Brazil Central Bank holds interest rate after seven straight hikes

Brazil's Central Bank on Wednesday held its benchmark interest rate steady at 15 percent after seven straight hikes that had angered leftist President Luiz Inacio Lula da Silva.

Airbus first-half profit climbs 85% to $1.7 bn

European aerospace group Airbus posted an 85-percent rise in first-half profit Wednesday to $1.7 billion, even though it delivered fewer commercial planes compared with the same period last year.

TikTok launches crowd-sourced debunking tool in US

TikTok on Wednesday rolled out a crowd-sourced debunking system in the United States, becoming the latest tech platform to adopt a community-driven approach to combating online misinformation.

Tata Motors to buy Italy's Iveco for $4.4 bn

Tata Motors of India will buy Italy's Iveco Group for 3.8 billion euros ($4.4 billion) in a bid to create a "global champion" in the commercial vehicles sector, the two companies said Wednesday.

From skies over Gaza, Jordanian crew drops lifeline to civilians

Aboard a Jordanian military plane, aid crates are parachuted into Gaza, where war and blockade have pushed more than two million Palestinians to the brink of famine.

Renault names Provost CEO after De Meo exit

French auto giant Renault said Wednesday that Francois Provost, currently in charge of procurement, would take over as chief executive following Luca de Meo's departure in June.

Canada central bank holds rate steady citing US tariff 'threats'

Canada's central bank held its key lending rate at 2.75 percent on Wednesday, as the major US trading partner confronts economic uncertainty two days before President Donald Trump's latest tariff deadline.

Stocks edge higher, dollar gains before tech earnings, Fed decision

Stock markets saw mostly muted gains in Europe and on Wall Street on Wednesday as investors waited for earnings from US tech giants, while the dollar rose from recent lows ahead of an interest-rate call from the Federal Reserve.

London court rules oligarch liable in $1.9 bn Ukraine loan scheme

Ukrainian oligarch Igor Kolomoisky and his former business partner are likely to be forced to repay $1.9 billion they "unlawfully" appropriated from a Ukrainian bank they owned, London's High Court ruled Wednesday.

Stocks diverge, dollar gains before tech earnings, Fed decision

Stock markets were mixed in Europe and on Wall Street on Wednesday while the dollar rose further from recent lows as investors took a cautious approach ahead of earnings from US tech giants and the latest interest-rate call from the Federal Reserve.

US economy returns to growth in second quarter on tariff turbulence

The US economy returned to growth in the second quarter, government data showed Wednesday, as analysts warned of distortions due to shifting trade flows over President Donald Trump's tariffs.

Coin Press - Economy (English)