Coin Press - Economy

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Featured

Dinosaur skeleton fetches 6 million euros in Paris sale

The skeleton of a 22-metre-long dinosaur (70 feet) fetched six million euros ($6.4 million) Saturday, AFP learned from auction houses Collin du Bocage and Barbarossa.

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.

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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.

Boeing workers reject contract, extend strike: union

Boeing workers in the Seattle region decisively rejected the company's latest contract offer on Wednesday, extending the nearly six-week strike.

Harris calls Trump a 'fascist'

Kamala Harris called Donald Trump a "fascist" Wednesday and warned that her US election rival was "increasingly unstable" as she addressed his reported praise for Adolf Hitler at a town hall event.

Microsoft pushes for gaming supremacy with 'Call of Duty' release

Microsoft's ambition to become the "Netflix of video games" faces a huge test this week with the release of "Call of Duty: Black Ops 6" on Friday.

Pakistan aims to privatize flag carrier in November: Finance Minister

Pakistan is hoping to finalize both the delayed privatization of its flag carrier and the outsourcing of Islamabad's international airport in November, the country's finance minister said Wednesday.

Trump accused of groping model he met through Jeffrey Epstein

A former model has accused Donald Trump of groping her after the two were introduced by sexual abuser Jeffrey Epstein in the 1990s, The Guardian newspaper reported on Wednesday.

Tesla shares jump as profits rise on lower expenses

Tesla shares surged Wednesday after the electric car maker reported a jump in profits, as increased auto sales and lower expenses offset the drag from a drop in vehicle prices.

Perplexity seeks news allies as it challenges Google

Perplexity AI chief Aravind Srinivas said Wednesday that he hopes to collaborate with news publishers which accuse the Google challenger of freeloading off their work.

G7 to make $50 bn Ukraine loan available by year-end: Yellen

G7 nations are committed to making $50 billion in lending available to Ukraine by year-end, US Treasury Secretary Janet Yellen said Wednesday as she met her Ukrainian counterpart in Washington.

Harris berates 'unhinged' Trump over Hitler remarks

Kamala Harris on Wednesday said Donald Trump was "increasingly unhinged," and called her US election rival's reported praise for Adolf Hitler "incredibly dangerous" as campaigning intensified ahead of the November 5 vote.

Turkey says PKK 'likely' behind deadly defence firm attack

Five people were killed and 22 others wounded in an attack on a top Turkish defence firm near Ankara that the government said was "very likely" carried out by Kurdish militants.

Proportion of women killed in conflict doubled in 2023: UN

The proportion of women killed in conflict in 2023 doubled compared to the previous year, according to a UN report that denounced "oppressive patriarchal" structures and called out an increase in sexual violence in war zones.

Five dead, 22 hurt in attack on Turkey defence firm

Five people were killed and 22 others wounded in an attack on a top Turkish defence firm near Ankara that the government said was "very likely" carried out by Kurdish militants.

US businesses 'hesitant' before 2024 elections: Federal Reserve

Uncertainty about the upcoming US elections had cooled economic activity across the country, the Federal Reserve said Wednesday, noting that many businesses and consumers were pausing major decisions until after Election Day.

Bolivian transport workers strike over fuel shortages

Bolivian transport workers began a 24-hour strike in La Paz on Wednesday to protest President Luis Arce's handling of crippling fuel shortages, deepening the turmoil in the capital.

Attack kills 4, injures 14 at Turkey defence firm

Four people were killed and 14 others wounded Wednesday in an attack on the headquarters of a top Turkish defence firm near Ankara, Turkish officials said.

Destitute Gazans cold 'every night' as winter approaches

As temperatures fall in Gaza, displaced Palestinians living in makeshift shelters with little food or warm clothes fear the approaching winter, the second since the war began.

BHP denies responsibility for 2015 Brazil mine disaster at London trial

Australian mining giant BHP on Wednesday denied responsibility for a 2015 dam collapse in Brazil, one of the country's worst environmental disasters, as it opened its defence at the High Court in London.

Lagarde says ECB should be careful with rise in emerging currencies

The European Central Bank should keep a close eye on the rise in emerging currencies like the Chinese yuan, its President Christine Lagarde said Wednesday at an event in Washington.

US existing home sales slip in September to near 14-year low

Sales of previously owned US homes slowed to their lowest rate in nearly 14 years last month, according to industry data released Wednesday, despite cooler mortgage rates.

Bank of Canada cuts rates, says fight against inflation 'worked'

Canada's central bank cut its key interest rate by half a point Wednesday, reducing it to 3.75 percent and offering borrowers further relief as it claimed the battle against inflation had proven successful.

Boeing reports $6.2 bn loss as it awaits vote on end to strike

Boeing reported a whopping $6.2 billion quarterly loss Wednesday as a nearly six-week labor strike weighed on its commercial plane division and costly problems dragged down its defense and space business.

China should use fiscal policy to boost growth: IMF

The Chinese government should use its tax-and-spend policies to help boost flagging economic growth, a senior IMF official told AFP ahead of key meetings this week in Washington.

Boeing reports $6.2 bn loss on strike, defense contract woes

Germany's Scholz heads to India despite differences on Russia

German Chancellor Olaf Scholz will visit India from Friday to discuss economic, defence and labour ties and navigate more sensitive issues such as relations with Russia amid the Ukraine war.

Don't let tech gurus decide the future: Nobel winner Simon Johnson

Should our future by decided by the bosses of big tech firms? For Nobel economics prize winner Simon Johnson, giving too much power to a handful of billionaires will come at the expense of public interest.

Palestinian seeds join Arctic 'doomsday vault'

A "doomsday vault" in the Arctic designed to safeguard the world's plant diversity has received a new deposit of thousands of seed samples, including Palestinian ones amid war and hunger in Gaza, it said on Wednesday.

Stock markets mixed, oil prices drop

European and Asian stock markets traded mixed Wednesday and oil prices retreated as investors focused on company earnings and the outlook for the US and Chinese economies.

Volvo Cars cuts sales forecast on market headwinds

Sweden's Volvo Cars on Wednesday drastically cut its sales forecast for the year, saying car markets in China, Europe and the United States are "increasingly under pressure."

Deutsche Bank profits boosted by legal settlements

Germany's biggest lender Deutsche Bank on Wednesday reported a sharp jump in third-quarter profits, boosted by the settlement of investor lawsuits related to a troubled takeover.

Troubled Boeing faces investors and awaits strike vote

Boeing will be under a spotlight Wednesday as the beleaguered aviation giant announces what is expected to be its biggest quarterly loss in four years, and striking employees vote on whether to end a costly weeks-long stoppage.

Tokyo Metro shares rocket on debut

Shares in Tokyo Metro, one of the world's busiest subways, soared almost 50 percent on its debut Wednesday after its government owners raised $2.3 billion in Japan's biggest initial public offering in six years.

Coin Press - Economy (English)