Coin Press - Economy

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Featured

EVs seek to regain sales momentum at Paris Motor Show

European and Chinese automakers faced off at the Paris Motor Show on Monday as they seek to make electric vehicles affordable for the broader public as the sector faces stalling sales in many countries.

'Unsustainable' housing crisis bedevils Spain's socialist govt

Spain's acute housing crisis is piling pressure on Socialist Prime Minister Pedro Sanchez as his government's measures yield few results and frustration boils over among beleaguered citizens.

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Bank of England to hike again over stubborn inflation

The Bank of England is forecast Thursday to lift interest rates for the 13th time in a row -- and may hike sharply to fight stubborn inflation despite worsening a cost-of-living crisis.

Asian markets track US losses with rates seen rising further

Markets fell in Asia on Thursday as traders contemplated the prospect of more central bank interest rate hikes as they struggle to tame persistently high inflation.

Turkey set to pivot to orthodoxy with rate hike

Turkey was widely expected Thursday to pivot away from years of unconventional economics promoted by President Recep Tayyip Erdogan and dramatically raise interest rates to fight inflation and steady the troubled lira.

Paris climate summit seeks global finance reform

Dozens of global leaders will gather in Paris Thursday for a summit to tease out a new consensus on international economic reforms to help debt-burdened developing countries face a growing onslaught of challenges, particularly climate change.

Brazil holds key interest rate, no signal on easing

Brazil's central bank held its key interest rate unchanged a seventh straight time Wednesday and gave no sign it was prepared to start lowering it soon, despite pressure from President Luiz Inacio Lula da Silva.

Stocks dip as Fed Chair Powell warns of more 'moderate' rate hikes

Wall Street stocks fell after US Federal Reserve chief Jerome Powell warned Wednesday of further interest rate hikes, while European markets slid after a stubbornly high inflation reading in Britain.

Paris Olympic budget issues could force cuts, says government report

The 2024 Paris Olympics are coming in significantly over budget because of an "incomprehensible lack of understanding of the complexity of the IOC's specifications", France's Court of Audit has found.

Fed chief says more rate hikes likely but at slower pace

The US Federal Reserve expects to keep raising interest rates but at a slower pace, Fed chair Jerome Powell told a congressional hearing Wednesday.

Welly boot maker Hunter whacked by weather

Their popularity soared when the supermodel Kate Moss wore them in the mud at the Glastonbury music festival, which started on Wednesday in southwest England.

Stocks dip as Powell warns of more 'moderate' rate hikes

Wall Street stocks mostly fell after US Federal Reserve chief Jerome Powell warned Wednesday of further interest rate hikes, while European markets slid after a stubbornly high inflation reading in Britain.

Drones steal the spotlight at Paris Air Show

Drones of all shapes and sizes designed to carry more and more weapons or directly deliver explosives are everywhere at the Paris Air Show, matching the scale of their deployment on Ukrainian battlefields.

US agency sues Amazon for tricking customers into subscription service

Amazon tricked consumers into subscribing to its "Prime" service and intentionally complicated the cancelation process, according to a US lawsuit against the retail giant filed Tuesday.

Fed Chair: may make sense to raise rates but at 'more moderate pace'

The US Federal Reserve expects to continue raising interest rates but to slow down the pace of hikes, Fed chair Jerome Powell told a Congressional hearing Wednesday.

Stocks dip as Powell warns of more rate hikes

Stock markets fell Wednesday as investors fretted about stubbornly high inflation in Britain and warnings from US Federal Reserve chief Jerome Powell that further interest rate hikes were likely.

Top French court drops rape case against filmmaker Luc Besson

France's top appeals court on Wednesday rejected a request to reopen a rape claim against film director Luc Besson, ending one of the most high-profile cases to emerge in the country's MeToo movement against sexual assault.

Influencer Andrew Tate fights Romania house arrest

Influencer Andrew Tate and his brother appeared in court in Romania Wednesday, their lawyers arguing that the pair, indicted on human trafficking charges, should no longer be under house arrest.

Stock markets dip as UK inflation stays high

Stock markets fell Wednesday as investors fretted about stubbornly high inflation in Britain and braced for fresh interest-rate signals from US Federal Reserve chief Jerome Powell.

Pharrell breaks down barriers between fashion and music

Paris became a playground for Pharrell Williams and his celeb friends at his debut show for Louis Vuitton, collapsing the distance between fashion, music and money-spinning publicity.

High UK inflation hinders cost-of-living fight

Britain's annual inflation rate unexpectedly remained at 8.7 percent in May, official data showed Wednesday, piling pressure on the Bank of England and government to act over a cost-of-living crisis.

Lost Rembrandt portraits to be sold after 200 years

As family heirlooms go, it doesn't get much better than a pair of Rembrandt portraits that the world had forgotten about for 200 years.

European stocks steady, pound drops as UK inflation surprises

European stock markets steadied and the pound dropped Wednesday as traders reacted to news of stubbornly-high UK inflation that risks pushing Britain into recession.

Kenya minister under fire over diatribe against media group

Kenya's trade minister is at the centre of a firestorm over a series of derogatory remarks against a leading media outlet, including calling its journalists "prostitutes".

Equity markets struggle as traders await Fed boss testimony

Markets mostly fell Wednesday, following a downbeat lead from Wall Street as investors braced for Fed boss Jerome Powell's testimony to the US Congress.

Equity markets drop as traders await Fed boss testimony

Markets mostly dipped Wednesday, following a downbeat lead from Wall Street as investors braced for Fed boss Jerome Powell's testimony to the US Congress.

High inflation hinders UK cost-of-living fight

Britain's annual inflation rate unexpectedly remained at 8.7 percent in May, official data showed Wednesday, piling pressure on the Bank of England and government to act over a cost-of-living crisis.

Campaigners slam Japan government forced sterilisation report

Japanese campaigners on Wednesday slammed a government report into the sterilisation of thousands under a eugenics law in place until 1996, saying it failed to take responsibility for the procedures.

Ex-Australia PM feared Macron would 'kill' nuclear sub deal: book

Former Australian leader Scott Morrison hid plans to ditch a French submarine contract for fear a furious Paris would find a way to "kill" his new deal with the United States and United Kingdom, he reveals in an upcoming book seen by AFP.

Asian markets drop as traders await Fed boss testimony

Asian markets mostly dipped Wednesday, following a downbeat lead from Wall Street as investors braced for Fed boss Jerome Powell's testimony to the US Congress.

How big tech embraced disabled users

Buried beneath the hype of the artificial intelligence revolution, big tech is quietly rolling out services for disabled people that it hopes will push a greater transformation for customers.

'Don't steal our voices': dubbing artists confront AI threat

Voice actors around the globe are mobilizing against the unregulated use of artificial intelligence (AI) to generate and clone human voices that they fear poses a threat to their livelihoods.

New generation of Moroccan filmmakers shines at Cannes

A new, young generation of Moroccan filmmakers last month stepped into the limelight to make its debut at France's Cannes Film Festival -- snatching three prestigious awards.

9 alleged people smugglers held over Greek migrant disaster: legal source

Nine Egyptians suspected of being people smugglers connected with the deadly sinking of an overloaded migrant boat off Greece have been charged with human trafficking and remanded, a Greek legal source said on Tuesday.

Rescuers boost efforts as clock ticks to find lost Titanic sub

Rescuers hoped Tuesday that the arrival of specialized deep-sea vessels and US Navy experts would boost desperate efforts to find the tourist submersible that went missing near the wreck of the Titanic, as oxygen for the five on board rapidly runs out.

Rescue teams race against clock to find 5 missing in Titanic sub

A desperate air and sea rescue effort to find the tourist submersible that went missing near the wreck of the Titanic quickened Tuesday, with officials warning that the five people on board had less than two days of oxygen left.

The five people on board missing sub near Titanic

Rescue teams are scrambling to find five people on a tourist submersible that went missing near the wreck of the Titanic in the North Atlantic on Sunday.

Qatar, Kuwait deny racism claims in international friendlies

Qatar and Kuwait's football federations on Tuesday denied allegations of racial abuse of rival players a day after their matches against New Zealand and Ireland were abandoned.

Hot new fashion talent Burc Akyol makes 'magic with little'

While the fashion world braced for the celeb juggernaut of Pharrell Williams's first show in Paris on Tuesday, a young designer was making his own modest splash with a debut below his own home.

From women to LGBTQ members, Catholic Church ponders inclusion

From welcoming LGBTQ Catholics to better representation of women, the Vatican published on Tuesday a reflection on the top social issues facing the Catholic Church as part of a global study on its future.

Global markets drop as China rate cut underwhelms

Global stocks mostly fell Tuesday as China's smaller-than-forecast interest rate cut failed to dispel worries over its flagging powerhouse economy.

Coin Press - Economy (English)