Coin Press - Economy

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Featured

China's Xi urges APEC unity in face of 'protectionism'

Chinese President Xi Jinping on Saturday called for Asia-Pacific economies to "unite and cooperate" in the face of mounting "protectionism," at a summit in Peru.

Farmers target PM Starmer in protest against new UK tax rules

Hundreds of farmers, many in tractors, gathered in Wales on Saturday to protest against UK Prime Minister Keir Starmer and his government's decision to change inheritance tax rules for farms.

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Stock markets diverge going into weekend

Global stock markets diverged Friday in an end to a week's trading dominated by earnings updates and bond yield worries.

BHP, Vale agree to pay $30bn compensation for Brazil dam disaster

Mining giants BHP and Vale on Friday signed a deal with Brazil's government to pay nearly $30 billion in compensation for a 2015 dam collapse that triggered the country's worst environmental disaster.

IMF raises concerns about effects of Sudan conflict on neighbors

The war in Sudan is likely to cause heavy economic damage in neighboring countries, the IMF's deputy director for Africa, Catherine Pattillo, told AFP.

Russia hikes interest rates to 20-year high

Russia's central bank hiked interest rates to 21 percent on Friday, taking borrowing costs to their highest level in more than two decades as Moscow's Ukraine offensive has triggered rapid price rises at home.

UK's Labour govt prepares to unveil its first budget

Britain’s new Labour government unveils its maiden budget Wednesday, with Prime Minister Keir Starmer warning of "painful" decisions over taxes and public spending.

Stock markets diverge in steady end to week

Major European and Asian stock markets diverged Friday in a quiet end to the week's trading dominated by earnings updates.

Asia markets diverge after Tesla boosts Wall Street

Japanese shares ended the day down but Chinese markets gained in disjointed Asian trade on Friday, after Wall Street cheered strong results from electric car giant Tesla.

Lebanon says Israeli strike kills 3 journalists

Lebanon said an Israeli air strike killed three journalists on Friday, in an attack on the country's south that the minister of information branded as a "war crime".

Locals fume as Lisbon's historic trams become tourist 'toy'

An age-old symbol of the Portuguese capital, Lisbon's rickety yellow trams have become such a magnet for tourists that some locals complain they can no longer grab a ride.

Myanmar rebels take the road to Mandalay

Winding through the lawless, rugged hills of northern Myanmar, National Highway 3 links a stunning series of victories by ethnic rebels and pro-democracy fighters in their war against the junta.

Asia markets split after Tesla boosts Wall Street

Japanese shares fell but Chinese markets gained in a disjointed start to Asian trade on Friday, after Wall Street cheered strong results from electric car giant Tesla.

'Our pride': Lone child brings hope to Japan's puppet village

Riding his tricycle with cheerful abandon, Kuranosuke Kato is the only child in his tiny, depopulated Japanese village overrun by life-sized puppets.

Biden to issue historic apology for abuse of Native American children

President Joe Biden said Thursday he will issue a formal apology for the treatment of Native American children who were forcibly removed from their families by the US government and put into an abusive boarding school system.

Loud US election barges into quiet Amish country

The Amish people of Lancaster, Pennsylvania, are a throwback to another era, with their quiet farm life, horse-drawn carriages and rejection of modern technology.

Prolonged strike clouds new Boeing CEO's turnaround

The quest by Boeing's new CEO to revive the aviation giant's fortunes suffered a serious blow when striking machinists voted down the latest contract proposal, prolonging a nearly six-week stoppage.

Drifting off - US late night talk shows no longer must-see TV

America's late night talk shows once were appointment viewing, but with ratings tanking and ad revenues plummeting, their coveted place on the small screen is in question.

Canada slashes immigration as public concern rises

Canada said Thursday it was significantly curbing immigration targets in an effort to "pause" population growth, a shift that comes as public support for immigration declines.

Israel to send negotiators to new Gaza truce talks

Israel said Thursday it will send negotiators to Qatar this weekend for talks seeking to reach an elusive Gaza deal, as the death toll soared from a sweeping Israeli operation in the Palestinian territory's north.

IMF chief seeks more details on BRICS payments system plans

The IMF wants to know more about a cross-border payments system discussed by the BRICS group of countries this week and aimed at boosting non-dollar transactions, the Fund's managing director said Thursday.

Sales of new US homes at highest level in over a year

Sales of new homes in the United States last month exceeded analyst expectations Thursday, logging the fastest pace in more than a year on the back of cooler mortgage rates.

American Airlines reports loss on costs from new labor contract

American Airlines reported a loss Thursday on costs connected to a new labor contract, but described travel demand as solid as it lifted its full-year earnings forecast.

Tesla helps drive stocks mostly higher

European and US stocks mostly rose on Thursday thanks to well-received earnings updates including from automaker Tesla.

Gaza rescuers say 770 people killed in Israel assault on north

Gaza's civil defence agency said Thursday more than 770 people have been killed in the north of the territory since Israel launched an assault aimed at preventing Hamas from regrouping there.

Turkey buries attack victims after striking PKK

The first Ankara attack victims were being buried Thursday, just hours after Turkey struck PKK militants in Iraq and Syria whom it blames for the assault on a defence firm that killed five.

US unveils national security memorandum on AI

The United States unveiled Thursday a framework to address national security risks posed by artificial intelligence, a year after President Joe Biden issued an executive order on regulating the technology.

Four arrested over Vinicius abuse before Madrid derby

Spanish police on Thursday said they had arrested four males suspected of inciting an online hate campaign targeting Real Madrid star Vinicius before last month's derby at Atletico Madrid.

Ireland fines LinkedIn 310 mn euros over EU data breach

An Irish regulator helping to police European Union data privacy said Thursday it had fined professional networking platform LinkedIn 310 million euros ($335 million) over breaching users’ personal data for targeted advertising.

Puccini exhibit charts making of a modern music star

Italy's Giacomo Puccini, famed for operas such as "Madame Butterfly", was panned by contemporary critics but harnessed then-novel technology such as records and cinema to become a global star, according to an exhibition that opened on Thursday.

New models help Renault maintain sales in third quarter

Renault said Thursday it managed to post an increase in third quarter revenue, weathering the overall slowdown in auto sales better than many rivals thanks in part to the introduction of new models.

Hermes bucks trend to post rising sales

French luxury group Hermes posted Thursday a jump in third quarter sales, bucking the overall gloom in the sector caused by falling sales in China.

Barclays profits rise on UK, investment banking gains

British bank Barclays on Thursday said its net profit jumped almost a quarter in the third quarter, helped by improved performance at its core UK and investment divisions alongside cost-cutting.

More than food: Seoul gentrification threatens free meal centre

Before the Zaha Hadid-designed plaza, before the luxury high rises, before the South Korean neighbourhood hosted fashion week, there was a pastor handing out rice to poor pensioners in Seoul's Dongdaemun district.

Coin Press - Economy (English)