Coin Press - Economy

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Featured

Amazon surges as US stocks shrug off bond yield worries

Wall Street stocks charged higher Friday behind strong earnings from Amazon that offset the drag from higher US Treasury yields.

Oil giants report blowout profits on war, warn high gas prices could persist

US petroleum giants ExxonMobil and Chevron released blowout profits Friday due to the Middle East war, as executives cautioned that elevated gasoline prices will probably continue to strain consumers.

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Netflix film probes conviction of UK baby killer nurse

A Netflix documentary released Wednesday about a former UK nurse jailed for life for murdering seven babies is taking a fresh look at the puzzling case of the prolific child killer.

Sales warning slams Ozempic maker Novo Nordisk's stock

Shares in Danish pharmaceuticals group Novo Nordisk plunged Wednesday after the maker of Ozempic and Wegovy anti-obesity drugs warned of lower sales this year in the key US market.

GSK boosted by specialty drugs, end to Zantac fallout

British pharmaceutical group GSK reported Wednesday a sharp rise in annual net profit, boosted by strong sales of HIV, respiratory and cancer treatments as it recovered from costly US lawsuits over its Zantac heartburn treatment.

Stocks fluctuate after Wall St AI-fuelled sell-off

European and Asian stock markets struggled for direction Wednesday following a tech-fuelled sell-off on Wall Street, while precious metals recovered further.

Stocks swing following latest AI-fuelled sell-off on Wall St

Stocks fluctuated Wednesday following another tech-fuelled sell-off on Wall Street, while precious metals continued their recovery on dip-buying following a two-day collapse.

X hits back after France summons Musk, raids offices in deepfake probe

French prosecutors on Tuesday searched the Paris offices of Elon Musk's X as part of an investigation into alleged political interference and sexual deepfakes and summoned Musk in what the social media giant slammed as "politicized" raids.

Air India inspects Boeing 787 fuel switches after grounding

Air India has begun inspecting fuel control switches on its 33 Boeing 787 aircraft after grounding a flight over a possible defect, according to a company note seen by AFP on Tuesday.

Four out of every 10 cancer cases are preventable: WHO

Nearly four out of every 10 cancer cases could be prevented if people avoided a range of risk factors including smoking, drinking, air pollution and certain infections, the World Health Organization said Tuesday.

Eswatini minister slammed for reported threat to expel LGBTQ pupils

Rights groups blasted Eswatini's education minister Tuesday for reportedly threatening to expel LGBTQ pupils from school, and demanded the government protect the right of every child to education.

Pfizer shares drop on quarterly loss

Pfizer reported a quarterly loss Tuesday following a large write-down, denting shares as it confirmed 2026 financial targets with lower revenues.

Germany acquires power grid stake from Dutch operator

The German government said Tuesday that it had acquired a stake in the local subsidiary of Dutch power grid operator TenneT, a strategic investment by Berlin in critical energy infrastructure.

Stocks mostly climb as gold recovers

European stock markets mostly rose Tuesday after large gains across Asia, as gold and silver prices strongly rebounded in fresh volatile trading.

Germany has highest share of older workers in EU

Germany has the highest proportion of older workers of any European Union country, official data showed Tuesday, with almost a quarter of those in employment aged between 55 and 64.

Ethiopia denies Trump claim mega-dam was financed by US

Ethiopian Prime Minister Abiy Ahmed on Tuesday denied claims by President Donald Trump that the country's new mega-dam was funded by the United States.

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.

Rural India powers global AI models

Tending crops by day and then logging on for a night shift of data labelling, 27-year-old Chandmani Kerketta is part of a rising rural Indian workforce helping power an artificial intelligence revolution.

Equities, metals, oil rebound after Asia-wide rout

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

Italy's spread-out Olympics face transport challenge

One of the biggest challenges in this month's Winter Olympics may be off the slopes: moving hundreds of thousands of spectators and athletes over a swath of northern Italy.

Musk merges xAI into SpaceX in bid to build space data centers

Elon Musk's SpaceX has taken over his artificial intelligence company xAI in a merger aimed at deploying space-based data centers, a statement said on Monday.

New York records 13 cold-related deaths since late January

New York has counted 13 hypothermia-related deaths as the city faces an exceptional cold snap that swept large parts of the United States in late January, its mayor said Monday.

Punctuality at Germany's crisis-hit railway slumps

Punctuality at Germany's much-maligned state railway Deutsche Bahn slumped even further in January, the company said Monday, adding to the network's woes.

Oil slides, gold loses lustre as Iran threat recedes

Oil and gold prices fell as concerns eased over US monetary policy and the chances of an American attack on Iran, while stock markets pushed higher.

Russian captain found guilty in fatal North Sea crash

The Russian captain of a cargo ship that hit an anchored oil tanker in the North Sea last year was on Monday found guilty by a UK court of killing a crew member.

Disney earnings boosted by theme parks, as CEO handover nears

The Walt Disney Company on Monday reported quarterly earnings showing that streaming services gained momentum and theme-park revenue hit record levels, but the company warned of a possible slowdown in the United States.

France demands 1.7 bn euros in payroll taxes from Uber: media report

Ride-sharing group Uber has been told by French authorities that it owes 1.7 billion euros ($2 billion) in unpaid payroll taxes, according to a media report Monday.

More baby milk recalls in France after new toxin rules

Two infant formula manufacturers withdrew batches from the market on Monday after France imposed stricter limits on acceptable levels of a toxin that can cause nausea, vomiting and diarrhoea.

Germany hit by nationwide public transport strike

Subway trains, buses and trams across Germany ground to a halt Monday in a public transport strike called by one of the country's biggest unions in a dispute over pay and conditions.

WHO chief says turmoil creates chance for reset

The head of the World Health Organization said Monday that the dramatic cuts of 2025 as the United States headed for the exit created the chance to build a leaner, re-focused WHO.

European stocks rise as gold, oil prices tumble

European stock markets rose Monday but oil and gold prices tumbled as concerns eased over US monetary policy and the chances of an American attack on Iran.

Trump says US talking deal with 'highest people' in Cuba

US President Donald Trump said Sunday that Washington was negotiating with Havana's leadership to strike a deal, days after he threatened Cuba's reeling economy with a virtual oil blockade.

Olympic Games in northern Italy have German twist

Biathlon fans brush up your Italian -- but also your German, for the events this Winter Olympics will be in South Tyrol in Italy, an autonomous province bordering Austria and Switzerland.

Coin Press - Economy (English)