Coin Press - Economy

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Featured

Meta chief Zuckerberg doubles down on AI spending

Meta chief Mark Zuckerberg on Wednesday defended massive spending on artificial intelligence that dragged down shares despite strong earnings boosted by the technology.

Brazil lowers benchmark rate to 14.5% in second consecutive cut

Brazil's Central Bank on Wednesday announced a second consecutive cut to its benchmark interest rate, one of the world's highest, in a boost for left-wing President Luiz Inacio Lula da Silva as he courts a fourth term.

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Iran, Lebanon bore brunt of missiles and drones launched during war

Some three-quarters of the airstrikes during the Middle East war targeted sites in Iran or Lebanon, according to an AFP analysis of data from ACLED, a non‑profit that tracks political violence worldwide.

Iran, US to hold peace talks overshadowed by mutual mistrust

Iran and the United States were scheduled to hold peace talks in Pakistan on Saturday with the foes appearing to be far apart on key demands and expressing mutual mistrust.

Small US farm copes with fuel hikes from Mideast war

An hour's drive north of New York City, the greenhouses at Cropsey Farm are seeing their first leaves of kale, spinach and arugula emerge. But the farmer who runs the outfit is obsessed with something else: the soaring price of fuel.

Djibouti leader claims sixth straight term

Djibouti's President Ismail Omar Guelleh on Saturday claimed victory in an election that secured a sixth straight term in the strategically placed Horn of Africa nation.

Stocks up, oil down over week on guarded optimism for Iran

Wall Street stocks rose sharply over the week and oil prices fell as a fragile truce was struck between the United States and Iran, with ceasefire talks due to start in Islamabad on Saturday.

OpenAI CEO's California home hit by Molotov cocktail, man arrested

The luxury San Francisco home of OpenAI boss Sam Altman was hit by a Molotov cocktail on Friday, the company said, as police announced the arrest of a suspect.

Michael Jackson fans swarm Berlin for biopic premiere

Thousands of Michael Jackson fans descended on Berlin on Friday for the premiere of a new biopic about the "King of Pop", undeterred by child sex abuse allegations that continue to haunt the star.

War's impact on fertilisers stirs food producer fears

Even as Gulf tanker traffic slowly resumes, the road back to normal food production will be long and arduous, given the war's impact on fertiliser supplies, the UN has warned.

US inflation surges to 3.3% as Iran war impact bites

Inflation in the United States rose sharply in March, government data showed Wednesday, as higher energy prices due to the war in the Middle East hit Americans hard.

Pay fears grow for US security workers in shutdown

Thousands of US homeland security employees are facing growing uncertainty over their pay after being told Friday's check could be their last until a record-long partial government shutdown is ended.

US inflation surges 3.3% as Iran war impact bites

Inflation in the United States rose sharply in March, government data showed Wednesday, as higher energy prices due to the war in the Middle East hit Americans hard.

Stocks climb, oil steadies on guarded optimism over Iran war ceasefire

Stock markets rose and oil prices flattened Friday with investors nervously optimistic about the shaky US-Iran ceasefire holding ahead of weekend talks aimed at finding a long-lasting truce.

Irish govt to meet farmers, hauliers over fuel cost fears

The Irish government was set to hold talks Friday with agricultural and haulage representatives, as days of protests over spiralling fuel prices sparked warnings over supplies, including for emergency services.

Oil spill snarls shipping traffic in Antwerp port

Shipping was at a near-standstill in Belgium's port of Antwerp on Friday following an overnight oil spill, Europe's second-biggest port said as it raced to contain the risks of pollution and economic damage.

Pakistan prepares to host US-Iran talks, as Lebanon fighting continues

Pakistan was poised on Friday to host Iranian and US delegations for negotiations in its capital, although Tehran's participation remained uncertain after deadly Israeli strikes on Lebanon threatened this week's temporary truce.

Vaccine gaps fuel Bangladesh's deadly measles crisis

Rocking her baby to soothe his searing pain and gasping breaths, 18-year-old Rubia Akhtar Brishti recounts how her son nearly died in Bangladesh's deadly measles outbreak.

Stocks rally on optimism over Iran war ceasefire, oil extends gains

Stocks rose Friday with investors still optimistic about the shaky ceasefire in the US-Iran war ahead of planned weekend talks, though oil prices extended gains over worries Israel's continued attacks on Lebanon could shatter the peace process.

New Jersey city spurns data center as defiance spreads

Residents of a New Jersey city mobilized within days to kill a planned data center -- and now activists nationwide want to know how they did it.

US to host Israel-Lebanon talks as strikes threaten Iran ceasefire

Israel and Lebanon will hold talks in Washington next week, a State Department official said Thursday, amid mounting international concerns that Israel's bombings could shatter an already fragile US-Iran ceasefire.

IMF chief urges nations to 'do no harm' in fiscal response to Iran war

The International Monetary Fund's chief urged governments on Thursday to "do no harm" as they face the massive economic shocks caused by the Middle East war, calling for "targeted" and disciplined fiscal actions.

Shipping toll for Hormuz passage sharply divides nations

Iran's imposition of a toll for ships to pass through the Strait of Hormuz looks set to be a key point of contention at talks opening in Pakistan Friday.

American Airlines targets April 30 return to Venezuela

American Airlines said Thursday it will restore service to Venezuela as soon as April 30, making it the first US airline to return to the country since Washington captured leader Nicolas Maduro.

IMF to cut global growth forecast due to Mideast war

The International Monetary Fund will lower global growth forecasts due to the Middle East war, its chief said Thursday, warning of the conflict's "scarring effects" despite a fragile ceasefire.

Jihadists kill Nigerian troops including senior brigadier general

Jihadists in northeast Nigeria killed several troops including a brigadier general in an assault on a military base, local government and intelligence sources told AFP on Thursday, the second killing of a high-ranking officer in five months.

UK animal charity rescues over 250 dogs from single home

An animal welfare charity has revealed it rescued more than 250 dogs from one UK home, with a photo of the scene prompting "disbelief" and false claims that the image was generated by artificial intelligence.

US envoy warns EU won't win AI race 'bringing others down'

The European Union will not be able to compete in the global artificial intelligence race by hurting companies in other countries, US envoy to the EU Andrew Puzder told AFP on Thursday.

IMF expects to provide vulnerable economies hit by Iran war up to $50 bn

The International Monetary Fund expects to have to provide up to $50 billion in immediate financial assistance to countries affected by the Middle East war, its managing director said on Thursday, with the crisis likely to have lasting economic effects.

Stabbed for saying no: Is online misogyny fueling violence in Brazil?

Alana Anisio Rosa, 20, politely turned down the man from her gym who kept sending her flowers and chocolates. A month later, he burst into her home and stabbed her around 50 times with a pocket knife.

Oil prices jump, stocks drop on Mideast ceasefire doubts

Oil prices jumped and most stock markets fell Thursday on investor concerns over the Middle East ceasefire holding and as the key Strait of Hormuz remained largely blocked to traffic.

Calls for US-Iran truce to extend to Lebanon after Israeli strikes

Calls were mounting on Thursday for the ceasefire between the US and Iran to be extended to Israel's war with Hezbollah, after a massive wave of Israeli strikes on Lebanon killed more than 200 people.

Argentine MPs approve bill to allow mining in glaciers

Argentine MPs approved a bill early Thursday promoted by President Javier Milei that authorizes mining in ecologically sensitive areas of glaciers and permafrost, and has outraged environmentalists.

Crude rises, stocks fall on fears over nascent Iran ceasefire

Oil prices climbed and stocks fell Thursday on fears over the nascent US-Iran ceasefire after Tehran threatened to resume hostilities after Israel launched a major bombardment of Lebanon.

Coin Press - Economy (English)