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Featured

EU hits Musk's X with 120-mn-euro fine, risking Trump ire

The European Union hit Elon Musk's X with a 120-million-euro ($140-million) fine Friday for breaking its digital rules, in a move that risks a fresh clash with US President Donald Trump's administration.

Stocks, dollar rise before key US inflation data

Major stock markets mostly rose and the dollar gained slightly Friday as investors awaited the release of key US inflation data that could cement expectations that the Federal Reserve will cut interest rates next year.

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Trump signs order to lower tariffs on beef, coffee, other goods

President Donald Trump signed an order Friday to lower US tariffs on agriculture imports such as beef, bananas, coffee and tomatoes, as his government comes under pressure from voters grappling with the escalating cost of living.

Return to bad days of hyperinflation looms in Venezuela

Venezuelans are grappling with political and economic chaos, a mass population exodus and fears of a US military attack. Now, their wallets are ever thinner as a return to hyperinflation looms.

US airspace recovers as budget shutdown ends

Transportation Secretary Sean Duffy said Thursday that US air travel is recovering after the disruptions caused by the more than month-long government funding shutdown.

US, Switzerland say deal reached on trade and tariffs

The United States and Switzerland said Friday that they have reached an agreement to sharply lower tariffs imposed by President Donald Trump, with the Alpine nation vowing to invest $200 billion in the US to win over the White House.

Stocks struggle on US rates, tech rally fears

Global stock markets struggled for momentum Friday as doubts built over whether the US Federal Reserve would cut interest rates next month and amid persistent fears of a tech bubble.

US, Switzerland say reached deal on trade and tariffs

The United States and Switzerland are set to unveil details of a trade pact Friday, with both sides reaching an agreement to sharply lower tariffs recently imposed by President Donald Trump, officials said.

Saudi prince, eyeing defence pledge, to meet Trump after long US absence

Crown Prince Mohammed bin Salman will press for security guarantees while US President Donald Trump will urge him to normalise ties with Israel when the de facto Saudi ruler breaks a seven-year absence from Washington this week.

Doctors in England launch strike over pay and jobs

Thousands of doctors in England began a five-day strike on Friday over pay and training posts, the 13th walkout by medics since March 2023.

Stocks sink on fears over tech rally, US rates

Global stock markets sank Friday as doubts built over next month's US Federal Reserve interest rate decision and persistent speculation about a tech bubble.

Germany unveils debt-laden budget, relief measures

The German parliament's budget committee has approved revised 2026 spending plans that include even higher debts than originally thought, lawmakers said Friday, as the government gears up for an investment splurge.

Sumo grapples with ancient rule in age of woman PM

The world of sumo could be rocked this month if Prime Minister Sanae Takaichi presents a trophy in the ring, where women have traditionally been banned.

Cartier owner sales lifted by jewellery, improving Asia

Swiss luxury group Richemont, owner of Cartier and other iconic luxury brands, on Friday reported sales ahead of analysts' forecasts notably thanks to strength in its jewellery division.

Markets sink on concerns over tech rally, Fed rates

Markets sank Friday, tracking a selloff on Wall Street as doubts built over next month's Federal Reserve interest rate decision and persistent speculation about a tech bubble.

Sweden sees silent forests as sanctuaries from a noisy world

In a cottage nestled deep in a Swedish forest, three couples recently spent four days whispering and without phones as part of a campaign about the dangers of noise pollution and promoting quiet Scandinavia.

Young diners 'time travel' back to ancient China

Women wearing long wigs and ornate traditional dresses milled around a pebbled courtyard, stopping to snap photos under a pavilion, as the melodious strumming of the Chinese zither played in the background.

Trump eyes $2,000 checks, 50-year mortgages as economic fears loom

Is it still the economy, stupid? US President Donald Trump has floated a string of sometimes outlandish policy ideas as he seeks to fight back on the cost-of-living issue that is causing jitters in his Republican Party.

US says trade talks with Swiss 'very positive'

A senior US official sounded a positive note Thursday about trade talks with Switzerland, as the Alpine nation's economy minister Guy Parmelin visited Washington hoping to reduce steep tariffs imposed by President Donald Trump.

Strong first-half profits keep Alstom firmly on rails

French rail manufacturer Alstom reported Thursday a strong first half of its 2025-2026 fiscal year, as sales and net profit both rose, propelled by healthy global demand for trains and rail infrastructure.

Pfizer completes Metsera acquisition in deal worth up to $10 bn

US drugmaker Pfizer said Thursday that it has completed its acquisition of biotech firm Metsera, closing a deal worth up to $10 billion after a fierce bidding war.

Boeing union votes to end strike, accept new contract

More than 3,000 striking Boeing defense workers on Thursday voted to end a strike over wage increases and retirement benefits, one of the longest work stoppages in the company's history.

Starbucks baristas launch strike on chain's 'Red Cup Day'

Hundreds of unionized Starbucks baristas kicked off an indefinite strike Thursday in cities across the United States, protesting working conditions and stalled labor negotiations.

Stocks on the slide despite end of US shutdown

Global stocks slid back sharply on Thursday, dashing hopes that President Donald Trump's signing of a spending bill to end a record US government shutdown might enliven trading floors.

Starlink, utilised by Myanmar scam centres, sees usage fall nationwide

Elon Musk's Starlink, whose internet services have been utilised by Myanmar scam centres, has seen its use across the country plummet since the end of September, according to estimates from regional internet registry Apnic.

YouTube superstar MrBeast opens pop-up park in Saudi Arabia

MrBeast, the world's most followed YouTuber with over 450 million subscribers, opened a temporary amusement park in Riyadh on Thursday, the latest celebrity drawn to Saudi Arabia as it aspires to become a major entertainment hub.

US shutdown scorecard: Who cashed in, who crashed out

The longest government shutdown in US history was bruising -- a political knife fight that left everyone claiming victory while nursing hidden wounds.

Mexican car industry fears higher tariffs on China will drive its demise

Mexico's car assembly industry, one of the biggest in the world, fears US President Donald Trump's tariff war will impede access to an increasingly indispensable component: digital dashboard touchscreens for which parts are sourced mainly in China.

Stocks sluggish as US government shutdown ends

Stock markets were sluggish on Thursday after President Donald Trump signed a spending bill to end a record-long US government shutdown.

EU backs small parcel duties to tackle China import flood

EU states on Thursday agreed to scrap a bloc-wide duty exemption on low-value orders from the likes of retail giants Temu and Shein to help tackle a flood of cheap Chinese imports.

Swiss economy minister back in Washington for tariff talks

Switzerland's economy minister Guy Parmelin was back in Washington for talks on Thursday, for the third time since the Alpine country was clobbered with huge tariffs.

Amazon robotics lead casts doubt on eye-catching humanoids

Flashy humanoid robots that have awed attendees at Web Summit in Lisbon this week are still far from revolutionising physical labour in factories and warehouses, Amazon's chief roboticist told AFP.

How embracing 'ickiness' helped writer Szalay win Booker Prize

Writer David Szalay deliberately dared his readers to face up to the "ickiness" of an affair between a 15-year-old boy and his much older married neighbour in the first chapter of his new book, "Flesh".

World oil market 'lopsided' as supply outpaces demand: IEA

The world's oil market is experiencing a period of imbalance as growing supply outstrips demand despite stronger deliveries to China, the International Energy Agency (IEA) said Thursday.

Coin Press - Economy (English)