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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China's central bank cuts two key rates to boost economy

China's central bank on Monday said it had cut two key interest rates to historic lows, in the latest move by Beijing to boost sluggish spending and kickstart the world's second-largest economy.

'Smile 2' scares up the biggest audiences in N.American theaters

Paramount's new horror film "Smile 2" has surpassed its successful predecessor, taking in an estimated $23 million in North American theaters this weekend, industry watcher Exhibitor Relations reported Sunday.

Eight-storey building collapses in Kenyan capital

A residential building collapsed in the Kenyan capital Nairobi on Sunday, leaving several people feared trapped, county officials and emergency responders said.

Hurricane set to hit Cuba amid national blackout

A hurricane was bearing down on Cuba Sunday as the island nation's authorities scrambled to restore power following a massive nationwide outage.

New rules drive Japanese trucking sector to the brink

Fujio Uemura has to rest after driving fish all night to Tokyo, under new rules that trucking firms and experts say are crippling Japan's logistics sector and risk pushing up prices for consumers.

Boeing and workers reach tentative deal to end strike

Boeing and its striking Seattle-area workers have reached a tentative deal to end a more than month-long stoppage, the union said Saturday.

Blackout drags on for second day in Cuba

Cuba remained without electricity Saturday as a nationwide power outage dragged on for a second day.

Japan 'zombie' train spooks passengers ahead of Halloween

It's usually a serene two-and-a-half-hour ride on Japan's famously efficient bullet train. But the journey quickly descended into a zombie apocalypse, with passengers screaming in terror.

Netanyahu residence targeted as Hezbollah launches barrage at Israel

Israel said a drone targeted Prime Minister Benjamin Netanyahu's residence on Saturday, as Hezbollah launched a barrage of projectiles into Israel from its northern neighbour Lebanon.

Electricity blackout puts Cubans on edge

Cuban Tania Ramirez walks alone along Havana's famous Malecon promenade to relieve the stress wrought by the massive blackout that has plunged the entire island into darkness.

Power plant failure triggers blackout across cash-strapped Cuba

Cuba was plunged into a nationwide blackout Friday after the island's biggest power plant failed, the energy ministry said, coming on the heels of weeks of extended outages across the cash-strapped country.

US budget deficit widens to $1.8 tn, third highest on record

The United States on Friday reported a budget deficit of $1.8 trillion for the past year, widening from 2023's level on greater spending, including for interest on the public debt.

Harris targets Trump's age after report of exhaustion

Kamala Harris questioned Donald Trump's fitness for office Friday as the oldest major-party White House candidate in history faced speculation that he is "exhausted" after backing out of a spate of interviews.

Cuba experiences nationwide blackout after power plant failure

Cuba was plunged into a nationwide blackout on Friday after the island's biggest power plant failed, the energy ministry said, coming on the heels of weeks of extended outages across the economically devastated country.

Father of One Direction star Payne arrives in Argentina

The father of One Direction pop singer Liam Payne, whose death in a fall from a hotel balcony in Buenos Aires shocked the music world, arrived in Argentina on Friday, police sources told AFP.

Stock markets mixed as investors weigh earnings, China GDP

Global stock markets took different directions on Friday as investors weighed better-than-expected Chinese economic growth data, a eurozone interest-rate cut and corporate earnings.

Hamas mourns Sinwar, vows no hostage release until war ends

Hamas vowed on Friday it would not release the hostages it seized during its October 7 attack on Israel until the Gaza war ends, as it mourned the death of its leader, Yahya Sinwar.

P&G profits dip, says China recovery will take time

Procter & Gamble reported a decline in profits on slightly lower sales Friday as the company said a recovery in China was still a number of quarters away.

US regulator probes Tesla's self-driving mode after crashes

The US auto safety regulator said Friday that it has opened an investigation into Tesla's Full Self-Driving (FSD) software after receiving four reports of crashes, one of which involved a pedestrian being struck and killed.

Global stock markets rise on China hopes

Most Asian and European stock markets rose Friday after Chinese economic growth data beat forecasts and officials flagged fresh measures to boost the world's second biggest economy.

Stellantis workers march in Italy over production slump

Thousands of Stellantis workers went on strike Friday and protested in Rome over temporary layoffs and production stoppages by the maker of Fiat and Jeep in Italy.

Meta unveils AI tie-up with horror movie producers

Tech giant Meta has unveiled a partnership with horror film production company Blumhouse to road-test its latest AI video tool.

Asian markets rise as China economy tops forecasts, gold hits record

Hong Kong and Shanghai soared Friday to lead gains across most Asian markets Friday after Chinese growth beat forecasts and officials flagged fresh measures to boost the world's number two economy.

From Siberia to the Sahara: Huskies conquer Mauritania

As dusk fell on the edge of Nouakchott, Kayo the husky left a trail of paw prints in the warm Sahara sand, an incongruous yet increasingly familiar sight in Mauritania.

With record production, Moldova plum farmers hail EU integration

In a warehouse north of Moldova's capital, farmer Stefan Bitlan inspects boxes of plums soon heading to Germany as he has turned to exporting to the EU rather than Russia.

Nigerians sacrifice cars as cost of living crisis worsens

Nigeria's economic crisis and soaring petrol prices forced Bolaji Emmanuel to give up his driver and his Honda Pilot utility vehicle, as he struggles with spiking living costs.

Asian markets swing as China economic growth slows

Asian markets fluctuated Friday after China posted its weakest economic growth in a year and a half, as gold prices hit a record high and following a tepid lead from Wall Street.

World Bank president focused on job creation ahead of annual meetings

The World Bank will unveil plans to tackle job creation, gender disparities, and food security at next week's gathering of the world's finance ministers and central bankers in Washington, its president said in an interview.

Japan's core inflation rate slows in September

Japanese inflation slowed in September with prices up 2.4 percent on-year, not including volatile fresh food, official data showed Friday.

Global stocks climb as ECB cuts rates and tech rebounds

European and US stock markets mainly rose Thursday as the European Central Bank cut interest rates and results from key chip maker TSMC calmed fears that the tech sector was struggling.

EU leaders urge new laws to speed up migrant returns

EU leaders called Thursday for urgent new legislation to increase and speed up migrant returns on Thursday, after a summit in Brussels that crystallised a rightward shift in the bloc's rhetoric.

Israel says killed Hamas chief Sinwar in Gaza

Israel said Thursday its forces killed Hamas chief Yahya Sinwar in a Gaza operation, dealing a massive blow to the group it has been fighting since the October 7, 2023 attack.

Coin Press - Economy (English)