Coin Press - Economy

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Featured

India hails 'historic' hypersonic missile test flight

Nuclear-armed India has tested its first hypersonic missile, the defence minister said Sunday, publicising the super-fast high-tech weapon days after rival China showcased its latest military aviation powers.

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.

Last news

Shanghai stocks gain after stimulus briefing as markets rally

Shanghai stocks rose on Monday as traders digested a pledge by China's finance minister to provide more help for the country's struggling economy, while most other markets tracked another record day on Wall Street.

Shanghai stocks gain after stimulus briefing as Asian markets rally

Shanghai stocks rose Monday as traders digested a pledge by China's finance minister to provide more help for the country's struggling economy, while most other Asian markets tracked another record day on Wall Street.

With inflation down, ECB eyes faster tempo of rate cuts

The European Central Bank is expected to lower interest rates again this week as anxiety about inflation in the eurozone fades and concerns over sluggish growth mount.

Bangladeshi Hindus shrug off attack worries to celebrate festival

In Muslim-majority Bangladesh, vast crowds celebrate the biggest Hindu festival of the year under tight security, after a spate of attacks against the minority following the ouster of the autocratic premier.

Ubisoft fears assassin's hit over falling sales

Ubisoft's battle to maintain its share price has become almost as epic as its "Assassin's Creed" franchise as the video game giant confronts stuttering sales, buyout rumours, and now a strike that starts Tuesday.

Vietnam, China hold talks on calming South China Sea tensions

Vietnam and China agreed to calm tensions in their South China Sea dispute, Vietnamese state media reported on Sunday, days after Hanoi accused Beijing of a "brutal" attack on its fishermen.

'Little Gregory' murder haunts France 40 years on

Gregory Villemin was four years old when he was murdered on an autumn day in 1984, his hands and feet tied when his body was found in a river in eastern France.

Tariffs, tax cuts, energy: What is in Trump's economic plan?

Republican presidential candidate Donald Trump wants to bring back US manufacturing and lower costs, relying on tariffs to boost US coffers and exert pressure on other countries -- but the reality is less straightforward.

With medical report Harris seeks to play health card against Trump

Democratic White House candidate Kamala Harris is in "excellent health" and fit for the presidency, according to a medical report published by the White House Saturday, as she aims to put pressure on rival Donald Trump to publish his own health records.

China-EU EV tariff talks in Brussels end with 'major differences': Beijing

The latest negotiations over European Union tariffs on Chinese electric vehicles ended in Brussels with "major differences" remaining, Beijing's commerce ministry said Saturday.

Harris to release medical report confirming fitness for presidency: campaign

Democratic White House candidate Kamala Harris will release a medical report Saturday confirming her fitness to be president, her campaign said, aiming to put pressure on rival Donald Trump to publish his own health records.

China offers $325 bn in fiscal stimulus for ailing economy

China said Saturday it will make $325 billion in fiscal support available to its economy over the next three months, offering help to bolster banks, shore up the property market and free up consumption spending in Beijing's biggest aid programme since the global financial crisis.

Small Quebec company dominates one part of NHL hockey: jerseys

As a sport that involves men colliding at high speeds, bare-knuckle brawls, and a fair number of players with missing front teeth, ice hockey is not commonly linked to high fashion.

Boeing to cut 10% of workforce as it sees big Q3 loss

Boeing announced Friday that it plans to cut 10 percent of its workforce as it projected a large third-quarter loss in the wake of a machinist strike in the Seattle region.

Want to film in Paris? No sexism allowed

Filmmakers looking to shoot on the iconic streets of Paris will have to promise to fight sexism, discrimination and sexual violence on set under a regulation adopted Friday by city lawmakers.

US, European markets rise as investors weigh rates, earnings

US and European stock markets rose Friday as traders weighed the outlook for interest rates and solid earnings from banking giant JPMorgan Chase.

In Colombia, children trade plastic waste for school supplies

On a beach in Colombia, children trade plastic waste for pseudo coins which they can use to "buy" clothes, books, school supplies or even popcorn.

JPMorgan Chase profits top estimates, bank sees 'resilient' US economy

JPMorgan Chase reported a dip in profits on higher costs Friday while still topping expectations as executives described US consumers as healthy and the economy as poised to avoid recession.

European Mediterranean states discuss Middle East, migration

Leaders from nine European countries around the Mediterranean Sea met in Cyprus Friday to discuss the wars in the Middle East, which they fear will fuel migration and threaten their own security.

Stock markets diverge before China weekend briefing

European and Asian stock markets diverged Friday ahead of a Chinese fiscal policy briefing this weekend which investors hope will bring more measures to boost the world's second-largest economy.

EU questions shopping app Temu over illegal products risk

The EU on Friday told Chinese-founded e-commerce platform Temu to hand over more information as it suspects the site is failing to do enough to stop the sale of illegal products.

Han Kang's books sell out in South Korea after Nobel win

Major South Korean bookstores sold out of author Han Kang's books Friday, as sales skyrocketed and the share price of local publishers soared following her historic Nobel Prize win.

Shanghai markets sink ahead of briefing on mixed day for Asia

Chinese shares sank Friday at the end of a volatile week as traders prepare for a highly anticipated briefing where it is hoped authorities will outline fresh fiscal stimulus to add to a raft of measures unveiled last month.

Investors, analysts eye bigger China stimulus at Saturday briefing

Investors and analysts expect China to unveil billions of dollars in new stimulus for its troubled economy Saturday as officials battle multiple headwinds including a prolonged housing crisis and sluggish consumption.

Musk unveils robotaxi, pledges it 'before 2027'

Elon Musk on Thursday unveiled what he said was a robotaxi capable of self-driving, predicting it would be available by 2027 -- about a decade after he first promised an autonomous vehicle.

Asian markets mixed after Wall St drop, Shanghai dips before briefing

Most Asian markets were mixed Friday as investors digested disappointing US inflation data that further dampened expectations for another bumper interest rate cut next month.

Automaker Stellantis says CEO will retire in 2026

The struggling auto giant Stellantis said late Thursday that its CEO Carlos Tavares will retire in 2026 when his contract runs out and it is now looking for a successor.

Musk's promised robotaxi unveil delayed

Tesla fans were kept waiting on Thursday for the unveiling of Elon Musk's robotaxi, years after the brash billionaire first promised a car that could drive itself.

Internet Archive reels from 'catastrophic' cyberattack, data breach

The Internet Archive, an online repository of web pages, was offline Thursday after its founder confirmed a major cyberattack that exposed the data of millions of users and left the site defaced.

Wall Street stocks retreat from records on US inflation data

Shares slipped in New York and Europe Thursday as the latest US inflation report dented the odds of rapid interest rate cuts, while crude prices jumped on worries over the Middle East.

Israel strikes central Beirut, killing 22

An Israeli air strike killed at least 22 people in central Beirut on Thursday as Israeli ground troops in Lebanon were accused of firing on the UN's peacekeeping headquarters, injuring two Blue Helmets.

Delta eyes Election Day travel pullback as profits climb

Delta Air Lines reported higher profits Thursday despite a drag from a big information technology outage and said an anticipated November pullback in travel should lift after US elections.

Coin Press - Economy (English)