Coin Press - Economy

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Featured

'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.

Stocks shrug off China disappointment but oil slides

Major stock markets shrugged off weak data from China on Monday following a pledge by the country's finance minister to boost the world's second-biggest economy, but oil prices fell.

Last news

Musk heads to France for Macron meeting

Billionaire Elon Musk is set to meet French President Emmanuel Macron in Paris on Friday for the second time in just over a month, as France aims to curry favour and attract investment from the Tesla boss.

Bank of Japan sticks to ultra-loose monetary policy

The Bank of Japan said Friday it would maintain its long-standing, ultra-loose monetary policy as it looks to boost economic growth.

Asian markets mostly up as traders eye China stimulus

Hopes China will unveil fresh measures to kickstart its ailing economy lifted most markets Friday, while the dollar struggled to bounce from losses fuelled by bets the Federal Reserve is near the end of its tightening cycle.

Top executive quits Nissan in new leadership turmoil

Nissan top executive Ashwani Gupta is leaving the company, the Japanese automaker said Friday, in a surprise departure that will revive concerns about the stability of the firm's leadership.

Crunch time at UPS with strike looming

The Teamsters union, which represents hundreds of thousands of UPS employees, is set to reveal Friday whether it has authorized a strike against the delivery service -- a work stoppage seen as unlikely, but one that would certainly rattle the US economy.

Spend now, worry later: no point saving in inflation-stricken Argentina

Despite a biting economic crisis, restaurants in Buenos Aires are full and queues for theater and concert tickets long.

US clampdown has crypto kings looking abroad

After years on the sidelines, financial regulators in the United States are throwing the book at the free-wheeling cryptocurrency industry, with angry entrepreneurs threatening to take their business overseas.

Nissan confirms top executive Gupta leaving company

Top Nissan executive Ashwani Gupta is leaving the company, the Japanese automaker confirmed Friday, a day after reports of a leadership clash inside the company.

Iran, Cuba vow to confront US 'aggressive imperial policy'

The presidents of Iran and Cuba vowed Thursday to jointly confront the "aggressive imperial policy" of the United States, which has sanctions in place against both countries.

US trade chief seeks more resilient supply chains

Global supply chains need to be redesigned, with a greater focus on raising standards and building resilience for the sake of economic security, US Trade Representative Katherine Tai said Thursday.

The Future is Here: 3nm ASIC Technology in Cryptocurrency Miners

NEW YORK, June 15, 2023 (GLOBE NEWSWIRE) -- A suite of next generation crypto miners from Bitmanu are currently the talk of the town in the crypto market. These 3 nanometer ASIC miners have been tipped by many experts as the future of crypto mining. The immense power of Bitmanu’s BM1, BM2, and BM Pro miners have made them most powerful and profitable mining rigs ever.

Euro jumps after ECB raises rates but stocks diverge

The euro got a boost after the European Central Bank raised interest rates to a 22-year high on Thursday, while stocks diverged a day after the Federal Reserve signalled it would resume raising borrowing costs after a pause.

Boost Fleet Productivity and Profits with Command Alkon’s TrackIt Advantage

Vehicle Tracking, Status Loops, and Messaging Work to Recapture Lost Time in the Yard, Helping to Drive a More Efficient Fleet and Improve Profitability

ECB hikes rates to 22-year high and says not done yet

The European Central Bank hiked interest rates to a 22-year high Thursday and said another increase in July was "very likely", as it pushed ahead with its fight against inflation despite a darkening eurozone economy.

US trade chief seeks supply chain redesign to boost resilience

Global supply chains need to be redesigned to boost their resilience, US Trade Representative Katherine Tai is expected to say Thursday, stressing that this is "vital for greater national and economic security."

Stocks wobble after ECB raises rates, lowers growth forecast

Stock markets wavered Thursday as the European Central Bank raised interest rates to a 22-year high, a day after the Federal Reserve signalled it would resume raising borrowing costs after a pause.

Actor Gerard Depardieu selling art collection

French actor Gerard Depardieu, who faces mounting problems over his private life, is to sell much of his art collection worth an estimated 3-5 million euros, his auctioneers announced Thursday.

Kenya government unveils budget to opposition walkout

Kenyan President William Ruto's government presented its maiden budget to parliament on Thursday but was met with a walkout by protesting opposition MPs.

US retail sales grow at slower pace on falling gas station sales

Retail sales in the United States grew at a slower pace in May but still came in stronger than expected, according to government data released Thursday, on the back of falling gas station sales.

ECB hikes rate to 22-year high as inflation still 'too high'

The European Central Bank on Thursday said eurozone inflation was still too elevated as it hiked interest rates for an eighth consecutive time to a two-decade high, despite a darkening economic outlook.

European markets mostly drop before ECB

Europe's stocks mostly fell Thursday before an expected European Central Bank interest rate increase, and after the US Federal Reserve paused its rate-hiking cycle but signalled more to come.

Markets mostly up as Fed holds rates, China cuts

Most markets rose Thursday after the Federal Reserve decided against hiking interest rates while China's central bank cut borrowing costs to kickstart the struggling economy.

TikTok to spend billions in SE Asia as e-commerce move pays off

TikTok's chief executive said Thursday the company would pour billions of dollars into Southeast Asia in the coming years, as a report showed its nascent venture into online shopping is paying off.

Markets mixed as Fed holds rates, China cuts

Markets were mixed Thursday after the Federal Reserve decided against hiking interest rates while China's central bank cut borrowing costs to kickstart the struggling economy.

Airport threatens Albania's fragile wild paradise

Flamingos and Dalmatian pelicans laze in the azure waters of a shallow lagoon near Albania's Adriatic coast.

ECB tipped to hike rates again, as Fed hits pause

The European Central Bank is expected to again hike interest rates on Thursday and signal that the fight against inflation is not over yet, analysts said, even as the eurozone falls into recession.

AIIB serves China's Communist Party: Canadian former executive

China's ruling Communist Party dominates the Asian Infrastructure Investment Bank and uses it to further its interests, a former executive has alleged in claims that prompted Canada to suspend participation in the institution.

Asian markets rise as Fed holds rates, China cuts

Asian markets rose Thursday after the Federal Reserve decided against hiking interest rates and China's central bank cut borrowing costs as officials look to kickstart the struggling economy.

China central bank cuts key interest rate to boost economy

China's central bank cut a key interest rate and injected $33 billion into financial markets Thursday, as data showed the world's second-largest economy was flagging.

Lithium boom comes to Brazil's 'misery valley'

In a cloud of gray dust, a heavy-duty excavator loads a truck with stone blocks containing lithium, the "white gold" of the clean-energy revolution, which some hope will transform this parched, impoverished region of Brazil.

Marvel swaps superpowers for spies in 'Secret Invasion'

Alien conspiracies, Oscar winners and hardly a superhero in sight: Marvel is taking its record-breaking franchise in a new direction with "Secret Invasion," a spy thriller starring Samuel L Jackson, Olivia Colman and Emilia Clarke.

US music publishers hit Twitter with copyright suit

Major music publishers on Wednesday filed a federal lawsuit accusing Twitter of failing to stop "rampant" copyright infringement on the platform.

Bitmanu's Revolutionary ASIC Miners Technology Reshape Crypto Landscape

NEW YORK, June 14, 2023 (GLOBE NEWSWIRE) -- The global crypto landscape has recently experienced the emergence of a new sensation in the form of a suite of ASIC miners from Bitmanu. Many industry stalwarts consider these mining rigs to be nothing less than a technological marvel that has the potential to change the way crypto mining will be done in the years to come.

Split decision in US stocks as market digests mixed messages from Fed

Wall Street indices moved in opposite directions Wednesday after digesting a mixed Federal Reserve decision that paired a pause in interest rate hiking with a signal for more tightening ahead.

Poles protest restrictive abortion law after pregnant woman dies

Several thousand people took to streets in Poland Wednesday to protest a near-total ban on abortion that they blame for a new case of a death of a pregnant woman.

Fed pauses interest rate hikes but signals more tightening ahead

The US Federal Reserve voted Wednesday to pause its aggressive campaign of interest rate hikes despite "elevated" inflation, while indicating a sharp increase could be needed before the end of the year.

Swedish inflation dips, Beyonce blamed for high prices

Swedish inflation dipped under 10 percent in May, official statistics showed Wednesday, but was still higher than expected with some analysts suggesting superstar Beyonce had tipped the scales.

Vodafone, Three announce plan for biggest UK mobile group

Mobile phone giant Vodafone has agreed to merge British operations with Three UK, owned by Hong Kong-based CK Hutchison, to create Britain's biggest operator with 27 million customers and accelerate rollout of faster 5G connectivity, the pair said Wednesday.

Dominance, data, disinformation: Europe's fight with Big Tech

The European Commission, which said Wednesday that Google had abused its online ad dominance, has taken the fight to US tech giants on a variety of fronts -- from tax avoidance, disinformation and hate speech to data privacy and monopolistic practices.

Coin Press - Economy (English)