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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Aston Martin pares outlook as US tariffs weigh

British luxury carmaker Aston Martin Lagonda on Wednesday revised down its full-year outlook as US President Donald Trump's tariffs weigh on operations.

Adidas says may hike US prices after tariff cost warning

German sportswear giant Adidas warned Wednesday that it might raise prices in the United States due to tariffs that could cost it an extra 200 million euros ($230 million) this year.

GSK reports improved outlook despite US drug tariffs

British pharmaceutical group GlaxoSmithKline said Wednesday that its annual performance should be better than expected, despite US tariffs, after sales of its cancer drugs jumped in the second quarter.

HSBC banks lower profits on higher costs

Bank giant HSBC said Wednesday that group profits fell in the first half on higher costs but noted that it was "well positioned" to deal with the effects of US tariffs.

Eurozone economy expands but tariff impact looms

The eurozone economy unexpectedly expanded in the second quarter of 2025, official data showed Wednesday, despite international trade tensions clouding the global outlook.

China says childcare subsidies to 'add new impetus' to economy

China said Wednesday that recently announced subsidies to support families with young children will provide a much-needed economic boost, as Beijing seeks to promote spending and avert a demographic crisis.

Mercedes-Benz welcomes EU-US deal after profits plunge on tariff woes

A new trade deal struck between the United States and European Union is good news despite fears it is unbalanced, Mercedes-Benz said Wednesday after the German carmaker reported a tariff hit of hundreds of millions of euros in the second quarter.

Adidas reports hit from US tariffs

German sportswear giant Adidas said Wednesday it took a hit from US tariffs in the second quarter but did not indicate whether it would pass on rising costs to consumers.

Mercedes-Benz profit plunges on tariff, China woes

Premium German carmaker Mercedes-Benz said Wednesday its second-quarter profit plunged nearly 70 percent due to US tariffs and weak sales in China, prompting it to lower its full-year revenue outlook.

Kyrgyzstan struggles with deadly shortages of medicine

Like many people affected by serious illness in ex-Soviet Central Asia, Almagul Ibrayeva is having trouble finding medicine in her native Kyrgyzstan.

Could copper tariff hurt US more than Chile?

Chile, the world's biggest copper producer, is hoping for a last-minute deal to stop the United States from imposing a 50-percent import tariff on the red metal.

Norwegian cousins battle over oil, climate policy

As teenagers in Norway, Andreas Bjelland Eriksen and his younger cousin Vebjorn Bjelland Berg survived a mass shooting together -- a trauma that united them.

'Marathon at F1 speed': China bids to lap US in AI leadership

Beyond dancing robots and eager-to-help digital avatars, Shanghai's World AI Conference saw China stake its claim to global artificial intelligence leadership and frame itself as a clear alternative to the United States.

Stablecoins inspire hope, and hype, in Hong Kong

Stablecoin excitement has gripped Hong Kong as the city prepares to launch a licensing system for the less volatile type of cryptocurrency, but authorities warn against overplaying its future role in financial systems.

Markets mixed as China-US talks end, eyes on tech earnings

Asian markets were mixed Wednesday as investors kept tabs on China-US developments after they agreed to further talks to extend their trade truce, while eyes were also on tech earnings and a key Federal Reserve meeting.

US Fed set to hold firm against Trump pressure

The US central bank is expected to defy political pressure and keep interest rates unchanged Wednesday at the end of a two-day policy meeting, as the effects of President Donald Trump's tariffs emerge.

Five products to be hit by Trump's incoming tariffs

The United States is set to raise tariffs on dozens of trading partners Friday if they fail to reach accords with President Donald Trump to avert the higher rates, and this risks raising prices for consumers.

US second quarter GDP growth to reflect tariff turbulence

US economic growth is expected to rebound in the second quarter, analysts said, in a momentary comeback reflecting trade shifts as companies tried to avoid the harshest of President Donald Trump's wide-ranging tariffs.

Global stocks mixed as market focus shifts to earnings deluge

Stock markets were mixed on Tuesday as investors started turning their attention from trade deals to a slew of company results coming this week.

Boeing reports smaller loss as CEO sees progress in turnaround

Boeing reported a smaller loss in the second quarter Tuesday after the company delivered more planes, with its CEO pointing to signs of stabilization in operations.

Gucci owner Kering posts 46% profit slump before new CEO arrives

French luxury group Kering reported Tuesday a 46 percent plunge in net profit during the first half, with sales slumping again at its flagship Gucci brand, as the group awaits a new CEO to try to regain its footing.

P&G estimates $1 bn tariff hit, plans some US price hikes

Procter & Gamble executives projected a $1 billion hit from US tariffs over the next year on Tuesday as the consumer products giant said it would institute limited price hikes in the United States.

Stock market attention shifts from trade deals to company results

Stock markets were mixed on Tuesday as investors started turning their attention from trade deals to a slew of company results falling this week.

Boeing reports smaller loss, sees more 'stability' in operations

Boeing reported a smaller loss in the second quarter Tuesday after the company delivered more planes, with its CEO pointing to signs of stabilization in operations.

Jeep owner Stellantis says has turned corner on sales

Jeep owner Stellantis said Tuesday that it sees sales revenue and profitability rebounding in the second half of the year despite taking a 1.5-billion-euro ($1.7-billion) hit from US tariffs.

Novo Nordisk cuts earning forecasts again, names new CEO

Danish drugmaker Novo Nordisk, known for its blockbuster diabetes and weight-loss treatments Ozempic and Wegovy, on Tuesday lowered its full-year earnings forecasts again as it unveiled a new chief executive to tackle "recent market challenges".

Spotify sees 12% rise in paid subscribers

Spotify saw paying subscribers rise 12 percent to 276 million customers in the second quarter of 2025, the world's top music streaming service said on Tuesday, though profits fell below expectations.

Barclays bank profit jumps on US tariffs volatility

British bank Barclays posted on Tuesday second quarter profits that beat expectations as traders benefitted from volatility in global markets caused by US President Donald Trump's tariff blitz.

Philips chops back US tariff bill

Dutch medical equipment manufacturer Philips said Tuesday that the impact of US tariffs would be much less than it initially estimated, sending its share price surging.

Violent videos draw more French teens into 'terror' plots, say prosecutors

One 14-year-old was allegedly planning to blow up an Israeli embassy, while a 16-year-old was convicted of having plotted to attack far-right bars incensed by "injustice".

Dubai airport logs record travellers in first half

Dubai International Airport welcomed a record 46 million passengers in the first half of this year, authorities said on Tuesday, despite disruptions due to the Iran-Israel war

Jeep owner Stellantis says has turned corner

Jeep owner Stellantis said Tuesday it sees sales revenue and profitability rebounding in the second half of the year despite taking a 1.5-billion-euro ($1.7-billion) hit from US tariffs.

Coin Press - Economy (English)