Coin Press - Economy

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Featured

Baltics transform from Soviet stagnation to startup hubs

Stepping into the newly renovated Vilnius airport, visitors are greeted with a slew of billboards advertising products "Made in Lithuania", including cybersecurity giant NordVPN.

AI keeps consumer prices high in 'RAMaggedon' chip crunch

Print-outs of articles about the global memory chip shortage are pinned beside a price list at a Hong Kong computer shop, offering an explanation to confused customers feeling the pinch.

Last news

Brigitte Bardot's funeral to be held next week in Saint-Tropez

Cinema icon Brigitte Bardot's funeral will take place next week in her hometown of Saint-Tropez, her foundation said Monday, as France wrestles with how to pay tribute to a cultural legend who in later years championed far-right views.

Stocks mixed, as precious metals drop

European stock markets steadied after a mixed Asian showing Monday, as investors awaited fresh clues on the outlook for US interest rates.

India's navy sails back to the future with historic voyage

India's navy boasts aircraft carriers, submarines, warships and frontline vessels of steel as it spreads its maritime power worldwide.

Emirates mining company challenges Guinea licence withdrawal

Mining company Axis International said Monday it was seeking World Bank arbitration against Guinea for withdrawing its right to operate a major bauxite mine in the west African country.

Third 'Avatar' film stays atop N. American box office rankings

"Avatar: Fire and Ash" retained the top spot at the North American box office after it debuted the week before, reeling in $64 million during the weekend after Christmas, industry estimates showed Sunday.

Brigitte Bardot on Muslims, men and 'horrible' humanity

Brigitte Bardot, France's outspoken sex symbol of the 1950s and 1960s, who has died at the age of 91, tended to shoot from the hip.

Multicultural UK town bids to turn page on troubled past

One of Britain's most multicultural towns, long tarnished by extremist links, is increasingly seeking to celebrate its identity, despite a bitter immigration debate and US President Donald Trump's warning that Europe risks "civilisational erasure" from migrants.

'Unfair election': young voters absent from Myanmar polls

The droves of young people who queued to cast ballots in past elections in Myanmar were conspicuous by their absence from Sunday's military-run poll, with older voters dominating the turnout.

How company bets on bitcoin can backfire

The year-end plunge in cryptocurrencies has rattled companies that had bet heavily on bitcoin, sending share prices tumbling and reviving fears of a bubble.

Hong Kongers bid farewell to 'king of umbrellas'

Scores of residents flocked to a cramped shop in Hong Kong's old district to bid farewell to the city's "king of umbrellas", who is retiring after spending decades repairing umbrellas at his family business.

US stocks edge lower from records as precious metals surge

Wall Street stocks edged down from records on Friday amid holiday-thinned trading while precious metals extended their year-long surge to record highs.

Former Montpellier coach Gasset dies at 72

French football coach and "emblematic" figure Jean-Louis Gasset died on Friday at the age of 72, his former club Montpellier announced.

Nigeria signals more strikes likely in 'joint' US operations

Nigeria on Friday signalled more strikes against jihadist groups were expected after a Christmas Day bombardment by US forces against militants in the north of the country.

Japan govt approves record budget, including for defence

The Japanese government approved a record budget for the upcoming fiscal year on Friday, to pay for everything from bigger defence spending to ballooning social security costs as inflation persists.

Asia markets edge up as precious metals surge

Asian stocks edged higher on Friday amid holiday-thinned trade and with some exchanges closed for Boxing Day, while precious metals extended their year-long rally towards record highs.

'No winner': Kosovo snap poll unlikely to end damaging deadlock

Before the first vote is even cast in Kosovo's snap election on Sunday, experts predict it is unlikely to end the political crisis that has been gripping Europe's youngest country for almost a year.

Main contenders in Kosovo's snap election

Kosovo is heading for early elections Sunday after months of political deadlock and failure to form a government -- the only solution its deeply divided parties could agree on to break the stalemate.

Japan govt approves record 122 trillion yen budget

The Japanese government on Friday approved a record budget for the upcoming fiscal year, to pay for everything from bigger defence spending to ballooning social security costs as inflation persists.

Dow, S&P 500 end at records amid talk of Santa rally

Major US stock indices finished at fresh records Wednesday following a shortened pre-holiday session while gold and silver prices also struck fresh highs.

Investors watching for Santa rally in thin pre-Christmas trade

Stock markets steadied Wednesday in thin Christmas Eve trade while gold and silver prices struck fresh highs.

Why metal prices are soaring to record highs

Precious and industrial metals are surging to record highs as the year ends, driven by economic and geopolitical uncertainty, robust industrial demand and, in some cases, tight supply.

Stocks tepid in thin pre-Christmas trade

European and Asian markets were tepid Wednesday in thin Christmas Eve trade as investors struggled to track a record day on Wall Street fuelled by forecast-topping US economic data.

Rome pushes Meta to allow other AIs on WhatsApp

Italian regulators ordered Meta on Wednesday to open its WhatsApp chat platform to rival AI chatbots as it and EU authorities pursue a probe that the US tech giant is abusing its dominant market position.

Festive lights, security tight for Christmas in Damascus

Christmas lights illuminate Damascus's Old City while government forces patrol its shadows as security fears haunt Syria's Christian community.

Asian markets mixed after US growth data fuels Wall St record

Asian markets went into the Christmas break Wednesday on a mixed note as investors struggled to track a record day on Wall Street fuelled by forecast-topping US economic data.

US slams China policies on chips but will delay tariffs to 2027

US trade officials determined that China should be punished for employing unfair tactics to dominate the semiconductor industry, but will wait 18 months to impose tariffs, American authorities said Tuesday.

Libya's top military chief killed in plane crash in Turkey

The head of Libya's armed forces and four other passengers died on Tuesday when their business jet crashed shortly after taking off from Ankara, officials in Turkey's capital and Tripoli said.

Venezuela passes law to jail backers of US oil blockade

Venezuela's parliament passed a law Tuesday that carries lengthy prison terms for any national supporting a United States' oil tanker blockade Caracas has termed piracy.

US consumer confidence tumbles in December

US consumer confidence languished at a multi-month low in December as a slowing job market offset better sentiment after the government shutdown ended, according to a survey released Tuesday.

Norwegian biathlete Sivert Guttorm Bakken found dead in hotel

Norwegian biathlete Sivert Guttorm Bakken, 27, has been found dead in his hotel room in Lavaze, Italy, the Norwegian Biathlon Association said Tuesday, adding that the cause of death was unknown.

Venezuela seeks to jail backers of US oil blockade

Venezuela's parliament is set to debate a law Tuesday that envisages lengthy prison terms for any national supporting a United States' oil tanker blockade Caracas has termed piracy.

Norwegian biathlete Sivert Guttorm Bakken found dead