Coin Press - Economy

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Featured

Debt-saddled Laos struggles to tame rampant inflation

Suffocating under a mountain of debt to China, communist Laos is struggling to tame rampant inflation, with food prices rising so sharply that a growing number of households are resorting to foraging.

India's vinyl revival finds its groove

Melting plastic pellets into chunky discs then squashed flat, a worker presses records in what claims to be the first vinyl plant to open in India in decades.

Last news

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.

ECB bans transgender women from women's professional cricket

Transgender women will be unable to feature in the top two tiers of the new women's domestic structure or the women's Hundred, the England and Wales Cricket Board announced on Thursday.

IMF chief calls for unity on shared challenges in 'deeply troubled times'

The international community must come together despite the "difficult geopolitical environment" to tackle shared challenges like lackluster growth and the existential threat posed by climate change, the head of the IMF said Thursday.

Onboard wifi is latest frontline in airline competition

Free onboard wifi has become the latest battleground between the world's leading airlines as the once expensive and unreliable service finally delivers quality comparable to being at home.

Instagram moves to face rising tide of sextortion scams

Meta, the parent company of Facebook and Instagram, on Thursday announced new measures to fight sextortion, a form of online blackmail where criminals coerce victims, often teens, into sending sexually explicit images of themselves.

Israel says 'checking' if Hamas chief Sinwar killed in Gaza

Israel said Thursday it was checking whether it had successfully "eliminated" Hamas chief Yahya Sinwar in a Gaza operation, in what would constitute a massive blow against the group it has been fighting since the October 7 attack.

EU leaders talk tough on migration, but divided on action

Migration was at the top of the agenda as EU leaders met in Brussels on Thursday, with most governments keen to display a tough stance after hard-right gains in several countries, but little agreement on a course of action.

Global stocks climb as ECB cut rates and tech rebounds

European and US stock markets 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.

US retail sales pick up pace in September

Retail sales in the United States accelerated in September, according to government data released Thursday, a positive sign for consumption as the election approaches.

ECB makes back-to-back interest rate cuts as inflation falls

The European Central Bank cut interest rates again Thursday, upping the tempo at which it is lowering borrowing costs as inflation in the eurozone cools faster than expected.

What's next in Swedish rape investigation into Mbappe?

Following media reports that French football star Kylian Mbappe is being investigated for rape in Sweden, all eyes have turned to the Nordic country's legal system to know what happens next.

Nestle overhauls executive team as sales slump

Nestle's new CEO lowered sales growth expectations for 2024 and announced a leadership reshuffle on Thursday in what one analyst described as a "painful reset" for the global food giant.

S Korean court recognises misogyny as hate crime motive

A South Korean court has recognised misogyny as a motive for a hate crime, its spokesperson told AFP Thursday, a decision activists hailed as a breakthrough for women's rights.

Couche-Tard executives in Japan to push 7-Eleven deal

Executives from Canada's Alimentation Couche-Tard are in Japan in a bid to overcome resistance to their $47-billion takeover of 7-Eleven's parent but are being given the cold shoulder, according to interviews published Thursday.

Markets mixed as China's latest stimulus leaves traders wanting

Stocks in Shanghai and Hong Kong slipped on a mixed day for Asian markets Thursday as Chinese traders gave shrug to Beijing's latest plan to boost the country's troubled property sector, which came up short of expectations.

Taiwan's TSMC posts sharp rise in third quarter net profit

Taiwanese chip giant TSMC announced a bigger-than-expected increase in net profit for the third quarter on Thursday and raised its growth forecasts for the year on "extremely robust" demand for AI technology.

Asian markets rally but China's latest stimulus leaves traders wanting

Asian markets rose Thursday following a healthy run on Wall Street, with Chinese investors giving a cautious welcome to Beijing's latest plan to boost the country's troubled property sector.

UN report says 1.1 billion people in acute poverty

More than one billion people are living in acute poverty across the globe, a UN Development Program report said Thursday, with children accounting for over half of those affected.

China to almost double support for unfinished housing projects

China said Thursday it would boost credit available for unfinished housing projects to more than $500 billion as it unveiled another round of measures to shore up the sector and try to reignite the economy.

China to boost credit for property market, renovate 1 mn homes

China said Thursday it would boost the credit available to the ailing property market and help renovate a million homes as it unveiled another round of measures to shore up the sector and try to reignite the economy.

ECB set to cut rates again as inflation cools

European Central Bank policymakers meet on Thursday with fading price pressures and weaker economic activity in the eurozone nudging them towards making another cut to interest rates.

Asian markets rally, with eyes on China housing briefing

Asian markets rose Thursday as Chinese investors waded back ahead of a briefing in Beijing by the country's housing minister that fanned hopes for more measures to support the ailing property sector.

How Indigenous guards saved a Colombian lake from overtourism

In the crater of a semi-dormant volcano in southwest Colombia lies a sacred lake of startling green which used to draw a steady stream of garbage-tossing tourists before Indigenous leaders took back control.

Water crisis threatening world food production: report

Inaction on the water crisis could put more than half of the world's food production at risk by 2050, experts warned in a major report published Thursday.

Lower rates, surging stock market fail to ignite US IPO market

Public listings on Wall Street have seen a slow comeback in 2024 despite a resilient US economy, a long-awaited interest rate cut by the central bank and stock valuations hitting record highs.

Italy extends surrogacy ban to couples seeking it abroad

Italian lawmakers on Wednesday extended the country's ban on surrogacy to couples who seek it abroad, despite warnings the move would damage children's rights.

Panama Canal crossings down 29 percent due to drought

Traffic in the Panama Canal fell by 29 percent over the past year due to a severe drought linked to climate change, the canal's operator said late Tuesday.

Israeli minister criticises Macron over France defence show ban

Israeli delegations taking part in the major defence show Euronaval in France next month will not be permitted to set up a stand or exhibit hardware following a decision by the French government, organisers said Wednesday, prompting outrage from Israel.

Global stock markets diverge as markets focus on earmings

Wall Street shares steadied Wednesday after a tech selloff the previous day over concerns about the red-hot semiconductor industry as third-quarter earnings reports continue to roll in.

Amazon bets on nuclear power to fuel AI ambitions

Amazon announced significant investments in nuclear energy on Wednesday, joining other tech giants in aiming to meet the high electric power demands of cloud computing and artificial intelligence using atomic energy.

Global stock markets diverge as tech fears linger

Wall Street shares steadied Wednesday after a tech selloff the previous day over concerns about the red-hot semiconductor industry.

Coin Press - Economy (English)