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.

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Star UK chef redesigns menu for dieters on skinny jabs

When Michelin-starred UK chef Heston Blumenthal turned to skinny jabs to lose weight, his appetite evaporated and he realised the popularity of such medications risked biting into restaurant sales.

Number's up: Calculators hold out against AI

The humble pocket calculator may not be able to keep up with the mathematical capabilities of new technology, but it will never hallucinate.

Kidnapping fears strain family bonds in Nigeria

Abubakar Abdullahi has not seen his wife and five children in almost three months because he is too afraid to visit his home town for fear of being kidnapped by criminal gangs roaming Nigeria's countryside.

Netflix to buy Warner Bros. in deal of the decade

Streaming giant Netflix said Friday it will buy film and television studio Warner Bros. Discovery for nearly $83 billion, the entertainment industry's biggest consolidation deal this decade.

Fresh data show US consumers still strained by inflation

US consumer pricing and sentiment reports released Friday pointed to lingering questions about affordability as the calendar moves towards the peak of the festive season.

EU hits Musk's X with 120-mn-euro fine, sparking US ire

The European Union hit Elon Musk's X with a 120-million-euro ($140-million) fine Friday for breaking its digital rules, sparking an angry reaction from Washington.

Stocks consolidate as US inflation worries undermine Fed rate hopes

World stock markets gave a mixed picture Friday, with sentiment underpinned by hopes for sustained US central bank rate cuts, but nagging inflationary worries sparking some pre-weekend selling.

Emotions high, hope alive after Nigerian school abduction

Samaila Livinus has kept his grief locked inside -- trying hard to be strong while awaiting news about his five-year-old son who is among hundreds snatched from their dormitories in one of Nigeria's worst mass kidnappings.

Gymnast Nemour lifts lid on 'humiliation, tears' on way to Olympic gold

Olympic gymnastics champion Kaylia Nemour on Friday spoke of the humiliation and violence she endured on her path to gold.

Stocks rise as investors look to more Fed rate cuts

World stock markets mostly rose Friday as investors speculated that the US central bank will cut rates not just this month, but ease monetary policy again throughout next year.

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.

Markets rise ahead of US data, expected Fed rate cut

Equity markets rose going into the weekend on Friday following a broadly positive lead from Wall Street as a mixed bag of US data did little to change expectations the Federal Reserve will cut interest rates next week.

German factory orders rise more than expected

German industrial orders rose far more than expected in October, official data showed Friday, raising hopes that a long downturn in Europe's biggest economy may have bottomed out.

Asian markets rise ahead of US data, expected Fed rate cut

Most Asian markets rose going into the weekend Friday following a broadly positive lead from Wall Street as a mixed bag of US data did little to change expectations the Federal Reserve will cut interest rates next week.

Georgia's street dogs stir affection, fear, national debate

At a bus stop in central Tbilisi, two tagged dogs dozed on a bench as some commuters smiled at them and others cast angry glances.

Pandas and ping-pong: Macron ending China visit on lighter note

An ancient dam, pandas and ping-pong: French leader Emmanuel Macron concluded his fourth state visit to China on Friday in the southwestern city of Chengdu, striking a more relaxed note after tough discussions on Ukraine and trade with his counterpart Xi Jinping a day earlier.

TikTok to comply with 'upsetting' Australian under-16 ban

TikTok said Friday it will comply with Australia's imminent ban on under-16s joining social media on the day it comes into force, but told users the changes "may be upsetting".

Pentagon endorses Australia submarine pact

The Pentagon said Thursday it has endorsed the tripartite AUKUS security pact with the United Kingdom and Australia, which would involve Canberra's acquisition of at least three Virginia-class nuclear submarines within 15 years.

OpenAI strikes deal on US$4.6 bn AI centre in Australia

ChatGPT maker OpenAI and an Australian data centre operator have agreed to develop a multibillion-dollar AI centre in Sydney.

Unchecked mining waste taints DR Congo communities

Carrying her sore-pocked daughter across her decaying field, Helene Mvubu says she is one of thousands to have fallen victim to the toxic waste defiling the Democratic Republic of Congo's mining capital.

Asian markets mixed ahead of US data, expected Fed rate cut

Asian markets struggled into the weekend on Friday following a bland lead from Wall Street as a mixed bag of US data did little to move the needle on expectations the Federal Reserve will cut interest rates next week.

French almond makers revive traditions to counter US dominance

The scent of marzipan wafts through the air as confectioners from a century-old company in southern France prepare calissons, one of Provence's famed sweets made of candied melon and crushed almonds.

Aid cuts causing 'tragic' rise in child deaths, Bill Gates tells AFP

Microsoft co-founder and philanthropist Bill Gates told AFP on Thursday it is "tragic" that child deaths will increase worldwide for the first time this century because wealthy Western countries have slashed international aid.

Abortion in Afghanistan: 'My mother crushed my stomach with a stone'

When Bahara was four months pregnant, she went to a Kabul hospital to beg for an abortion. "We're not allowed," a doctor told her. "If someone finds out, we will all end up in prison."

How to Manage ESG Data Efficiently

Insights from osapeers, the Global Sustainability Community

Mixed day for US equities as Japan's Nikkei rallies

Wall Street stocks finished mixed at the end of a choppy session Thursday as markets digested varying labor market data and looked ahead to next week's Federal Reserve decision.

Facebook 'supreme court' admits 'frustrations' in 5 years of work

An oversight board created by Facebook to review content-moderation decisions trumpeted improved transparency and respect for people's rights in a survey of their first five years of work on Thursday, while acknowledging "frustrations" to their arm's-length role.

South Africa says wants equal treatment, after US G20 exclusion

South Africa responded Thursday to a US bar on its participation in G20 events under Washington's presidency by saying it was a fully-fledged member of the forum and expected to be treated equally.

One in three French Muslims say suffer discrimination: report

Discrimination based on religion has increased in France, a report by the country's rights ombudswoman found Thursday, with one in three Muslims surveyed saying they had suffered from it.

Russia's Putin in India for defence, trade talks

Russian President Vladimir Putin landed in India on Thursday for a two-day visit aimed at deepening defence ties, as New Delhi faces heavy US pressure to stop buying oil from Moscow.

Microsoft faces complaint in EU over Israeli surveillance data

Microsoft is facing a complaint in the European Union filed by a non-profit organisation alleging it illegally stored data on Palestinians used for Israeli military surveillance.

Coin Press - Economy (English)