Coin Press - Economy

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Featured

Boeing to raise up to $25 bn as strike weighs on finances

US aircraft manufacturer Boeing unveiled measures meant to replenish its cash flow Tuesday, including an intention to raise up to $25 billion, as it navigates recurrent production problems and a major US strike.

Oil prices fall on easing Middle East fears

Oil prices tumbled Tuesday on reports that Israeli Prime Minister Benjamin Netanyahu told US President Joe Biden he would not strike Iran's crude or nuclear facilities.

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China stimulus hopes help boost stock markets, Fed in focus

Hong Kong led a surge across markets Tuesday after China's leaders pledged fresh measures to boost the nation's stuttering economy, building on optimism that central banks were nearing the end of their rate-hiking cycle.

Greece faces new heatwave as wildfires rage

Greece braced for a new wave of soaring temperatures Tuesday, as wildfires raged on two popular tourist islands.

Thousands of Afghan salons to close as Taliban deadline bites

Thousands of beauty parlours across Afghanistan were due to close permanently Tuesday following an order by Taliban authorities that cuts off one of the few revenue streams available to women, as well as a cherished space for socialising.

China stimulus hopes help boost Asian markets, Fed in focus

Hong Kong led a surge across most Asian markets Tuesday after Chinese leaders pledged fresh measures to boost the nation's stuttering economy, building on optimism that central banks were nearing the end of their rate-hiking cycle.

'Era of mass closures': the Japan businesses without successors

Kiyoshi Hashimoto's machinery factory outside Tokyo should be buzzing with industry. Instead, it's so quiet you can hear him practising the recorder.

Elon Musk puts his "X" on Twitter

Since buying Twitter, Elon Musk has made significant changes to the company as well as the app itself, from charging for features to killing off the bird logo.

Eurozone economic downturn steepens in July

Eurozone economic activity shrank at its fastest rate in eight months in July, as a contraction gathered pace on the back of cuts in manufacturing, a key survey said Monday.

UN stages food summit as more people around world go hungry

A three-day United Nations summit opened in Rome on Monday aimed at tackling a "broken" global food system where millions are starving, billions are obese and the planet is suffering.

Stock markets mixed before key rate calls

Stock markets diverged Monday as traders reacted to weak global data and political uncertainty in Spain, while awaiting key interest-rate decisions due this week.

Philips sales jump, bounces back from respirator recall

Dutch medical tech firm Philips posted a nine percent jump in second-quarter sales and a return to profit on Monday as it bounces back from a global recall of sleep respirators.

Markets mixed ahead of key rate decisions, China worries weigh

Equities were mixed Monday in Asia with investors gearing up for policy decisions at major central banks this week, while concern over the Chinese economy continued to dampen sentiment.

Asian markets mostly gain ahead of key rate decisions

Equities mostly rose Monday in Asia with investors gearing up for policy decisions at major central banks this week, while concern over the Chinese economy continued to dampen sentiment.

ECB set to hike again with inflation stubbornly high

Another interest rate hike appears a near certainty when ECB policymakers meet Thursday as inflation remains high, but the central bank faces increasing discontent among countries scared high interest rates will hurt growth.

In age of AI, women battle rise of deepfake porn

Photo apps digitally undressing women, sexualized text-to-image prompts creating "AI girls" and manipulated images fueling "sextortion" rackets -- a boom in deepfake porn is outpacing US and European efforts to regulate the technology.

G20 energy ministers fail to agree on fossil fuels roadmap

Energy ministers from the group of 20 nations meeting in India Saturday failed to agree on a roadmap to phase down the use of fossil fuels in the global energy mix.

10 months since Iran's protests, Kurdish exiles in limbo

Like other Iranian Kurds who fled into exile during last year's women-led mass protests, 17-year-old Sarina tries to keep a low profile in her new home in northern Iraq.

Trailers, a growing trend in wealthy California's housing crisis

Tamara Hernandez moved into a recreational vehicle when her rent shot up. Beau Beard did it because he lost everything after going to prison.

Global stocks mixed after tech drubbing

Global stock markets wavered on Friday, a day after shares in major US tech firms took a beating and as investors brace for a week of interest rate decisions.

Amazon invests $120 million in internet satellite facility

Amazon said Friday it will invest $120 million to build a satellite construction facility at NASA's Kennedy Space Center, as part of its plans to launch a space internet service to rival SpaceX's Starlink.

India and Sri Lanka to consider land link

India and Sri Lanka agreed Friday to consider building a land link between them, they said during President Ranil Wickremesinghe's first visit to the regional powerhouse, as Chinese influence grows on his island.

Stocks mixed after tech drubbing

Global stock markets wavered on Friday, a day after shares in major tech firms took a beating and as investors brace for a week of interest rate decisions.

Synthetic drug 'kush' ravages Sierra Leone's young

Their lives are mired in poverty and despair.

McDonald's opens misconduct unit after UK allegations

McDonald's UK has opened a specialist unit to investigate allegations of racial and sexual misconduct exposed by the BBC, its boss announced Friday.

Stocks mixed as markets eye more US rate hikes

Asian and European stock markets traded mixed Friday as a drop in US jobsless claims revived expectations of two more interest-rate hikes from the Federal Reserve, adding to worries about China's economy.

Top rice supplier India bans some exports

The world's biggest rice exporter India has banned some overseas sales of the grain "with immediate effect", the government said, in a move that could drive international prices even higher.

Markets fluctuate as US jobs data knocks rate hopes

Asian equities wobbled again Friday at the end of a draining week as fresh US jobs data put revived bets on two more Federal Reserve interest rate hikes, adding to ongoing worries about China's economy.

Opposites attract: 'Barbenheimer' double debut to rock US, Canada

An iconic doll ready to paint the world pink and the scientist who helped invent the atomic bomb -- an unlikely pair and apparently a match made in box office heaven.

Growing climate risks fuel surge in US home insurance costs

When Jack Hierholzer moved back to Pensacola in the Florida panhandle, it felt like a homecoming.

Brazil's Embraer to build flying taxis in Sao Paulo

Brazilian aeronautics company Embraer and its urban mobility subsidiary Eve said Thursday they would build a factory near Sao Paulo to manufacture electric flying taxis that could take off as soon as 2026.

Uncertain outlook weighs on American Airlines shares despite blowout Q2

American Airlines reported blowout second-quarter earnings on Thursday on strong demand and lower jet fuel prices, but shares still tumbled on disappointment with the company's outlook.

Brazil's Embraer to start building flying taxis

Brazilian aeronautics company Embraer and its urban mobility subsidiary Eve said Thursday they would build a factory near Sao Paolo to manufacture flying taxis that could take off as soon as 2026.

After Hollywood strike, Broadway staves off industrial action

A tentative agreement was reached in New York Thursday to avert a strike that threatened to shut most Broadway shows, as Hollywood remains on hold over historic industrial action.

Biden promises 'American dream' in shipyard speech on economy

President Joe Biden on Thursday visited a shipyard symbolizing the industrial boom he hopes will put wind in his re-election campaign's sails, even if polls show most Americans cool on him continuing as their economic captain.

Amazon expands pay-by-palm service in US grocery stores

Customers shopping at Amazon's US-based Whole Foods grocery stores will be able to pay for items by hovering their palm over a scanner, much like shoppers already do with smartphones or credit cards.

Under Texas abortion ban, a mother watches her baby die

A scan revealed that Samantha Casiano's unborn child had serious health detects and would not survive outside the womb for more than a few hours.

Russian bombs target frontline Ukraine chemical plant

The Russian high-explosive bombs started falling around the frontline Ukrainian chemical plant about three months ago.

Stock markets mixed as corporate results flood in

Wall Street indices wavered on Thursday as investors tracked a slew of corporate earnings including disappointing results for Tesla and Netflix.

'No way out': Ukraine farmers lament collapse of grain deal

Vitaliy Bylenko looked ruefully at the mountains of grain in his barn, contemplating the growing obstacles to shifting the stockpiles after Russia this week exited a deal allowing Black Sea exports.

Stock markets mixed as rate hopes play against China fears

Stock markets traded mixed Thursday as hopes that central banks are close to ending their interest rate hikes were offset by worries about a lack of action by Chinese leaders to kickstart the country's stuttering economy.

Coin Press - Economy (English)