Coin Press - Economy

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OPEC+ tipped to raise production again but new quotas loom

Saudi Arabia, Russia and five other members of OPEC+ are expected to raise their oil production quotas for September when they meet online Sunday as the Middle East war continues to disrupt global energy supplies.

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.

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Asian markets mixed, Tokyo up on election speculation

Asian markets were mixed Wednesday, with Japan election speculation pushing Tokyo shares to a record high, while oil steadied after a surge fuelled by instability in Iran.

US allows Nvidia to send advanced AI chips to China with restrictions

The US Commerce Department on Tuesday opened the door for Nvidia to sell advanced artificial intelligence chips in China with restrictions, following through on a policy shift announced last month by President Donald Trump.

US stocks retreat from records as oil prices jump

Wall Street stocks retreated from records on Tuesday as markets weighed muted US inflation data, mixed bank earnings and a jump in oil prices.

Fuming French farmers camp out in Paris despite government pledges

French farmers said Tuesday they and their tractors would be spending the night in Paris, even after Prime Minister Sebastien Lecornu promised an "emergency bill" to help alleviate their woes including the EU-Mercosur trade deal.

JPMorgan Chase reports mixed results as Dimon defends Fed chief

JPMorgan Chase reported lower fourth-quarter profits Tuesday as CEO Jamie Dimon endorsed Federal Reserve independence and offered an upbeat reading on the US economy.

Nuuk, Copenhagen mull Greenland independence in Trump's shadow

Greenland hopes to cut all ties with Copenhagen, but leaders are proceeding cautiously with independence plans for the Danish self-governing territory despite US President Donald Trump's threats to take over the Arctic island.

Trump's Iran tariff threat pushes oil price higher

The price of oil rose on Tuesday after US President Donald Trump announced steep tariffs on anyone trading with Iran, sparking expectations the threat will restrict supplies of crude.

Denmark, Greenland set for high-stake talks at White House

Danish and Greenlandic officials will hold high-stake talks about Greenland's future on Wednesday at the White House with US Vice President JD Vance, who has accused Denmark of neglecting its autonomous territory.

Hong Kong activist investor David Webb dies at 60

David Webb, a Hong Kong activist investor who campaigned for market transparency and democratic accountability, died on Tuesday aged 60, according to a statement posted on his social media.

Nuuk, Copenhagen cautiously mull Greenland independence

Denmark's self-governing territory Greenland hopes to cut all ties with Copenhagen but leaders are proceeding cautiously with independence plans despite US President Donald Trump's threats to take over the Arctic island.

'Proving the boys wrong': Teenage racers picked for elite driver programme

Teenage racer Zoe Florescu Potolea says it's nice to "prove the boys wrong" as she celebrates being named on Tuesday among five new drivers picked for a programme to develop elite female F1 talent.

Iran worries push up oil price as world stocks diverge

European and Asian stock markets diverged Tuesday as investors awaited key US inflation data while concerns about Iran lifted oil prices.

Volvo Cars pauses battery factory after fruitless partner search

Swedish automaker Volvo Cars said Tuesday that it was pausing operations at a battery factory under construction, dismissing all 75 workers there, after failing to find a partner for the business.

Central bank chiefs voice 'full solidarity' with US Fed, Powell

The heads of major central banks have thrown their support behind the US Federal Reserve and its chairman Jerome Powell, saying in a joint statement Tuesday that it was "critical to preserve" their independence.

Greece airspace shutdown exposes badly outdated systems

A deeply embarrassing systems failure which forced Greece to close its airspace for several hours with pilots unable to speak to air traffic control, has exposed badly outdated communication systems at Athens International Airport -- one of the world's top travel destinations.

Boeing sells 50 737 MAX jets to leasing group ACG

Boeing said Tuesday that it had secured a firm order from the leasing firm Aviation Capital Group for 50 of its 737 MAX jets, the company's workhorse jet for the commercial airline industry.

Freezing rain paralyses transport in Central Europe

Freezing rain led to flights being suspended at Vienna airport on Tuesday, while neighbouring Slovakia, Czech Republic and Hungary also experienced travel disruptions.

Tractors in Paris to protest EU's trade deal with S. America

Dozens of tractors rolled into Paris early Tuesday as French farmers protest against the trade deal the European Union has struck with four South American countries.

Asian markets rise, Iran worries push up oil

Asian markets gained on Tuesday, as Tokyo closed at a record high on speculation over a snap election, while concerns about Iran pushed oil prices higher.

French museum fare hikes for non-European tourists spark outcry

Should foreign tourists pay more for state-funded galleries than locals, or should art be accessible to all, without discrimination? France is hiking prices for non-Europeans at the Louvre this week, provoking debate about so-called "dual pricing".

In 'big trouble'? The factors determining Iran's future

Over two weeks of protests mark the most serious challenge in years to Iran's theocratic leadership in their scale and nature but it is too early to predict the immediate demise of the Islamic republic, analysts say.

Jerome Powell: The careful Fed chair standing firm against Trump

US Federal Reserve Chair Jerome Powell has generally avoided escalation in the face of Donald Trump's relentless criticism -- but in recent months, the central banker has become a rare figure to publicly resist his attacks.

Airbus delivers more planes in 2025

Airbus said Monday it delivered 793 commercial aircraft in 2025, a slight increase from the previous year but falling short of its initial ambitions due to a manufacturing problem.

Iran protest toll mounts as government stages mass rallies

A violent crackdown on a wave of protests in Iran has killed at least 648 people, a rights group said on Monday, as Iranian authorities sought to regain control of the streets with mass nationwide rallies.

Gold hits record high, dollar slides as US targets Fed

The dollar mostly fell and gold hit a record high on Monday as investors digested news that the US Justice Department is probing the Federal Reserve, raising fears over the central bank's independence against President Donald Trump's push for lower rates.

15,000 NY nurses stage largest-ever strike over conditions

Some 15,000 nurses went on strike Monday in New York city at three large private hospital groups over pay and conditions.

Zuckerberg names banker, ex-Trump advisor as Meta president

Meta on Monday appointed banker Dina Powell McCormick as president and vice chairman, tapping a former member of the Trump administration to help steer the technology giant's massive AI infrastructure expansion.

US prosecutors open probe of Fed chief, escalating Trump-Powell clash

US prosecutors have opened an inquiry into Federal Reserve Chair Jerome Powell, prompting a rare rebuke from the central bank chief against escalating pressure from Donald Trump's administration as the president pushes for lower interest rates.

Heathrow airport sees record high annual passenger numbers

Heathrow Airport said Monday it welcomed more than 84 million travellers last year, a record high amount for the London hub which is set to undergo a major expansion.

India and Germany seek to boost defence industry ties

India and Germany are looking to boost defence industry cooperation, Prime Minister Narendra Modi said Monday after hosting Chancellor Friedrich Merz in his home state of Gujarat.

US Fed chief warns of 'intimidation' after criminal subpoenas

US prosecutors have opened an inquiry threatening a "criminal indictment" against the Federal Reserve, its chairman Jerome Powell revealed, denouncing new "threats and ongoing pressure" from the administration of President Donald Trump.

Japan aims to dig deep-sea rare earths to reduce China dependence

A Japanese research vessel on Monday began a historic voyage to attempt to dig deep-sea rare earths at a depth of 6,000 metres to curb dependence on China.

Coin Press - Economy (English)