Coin Press - Economy

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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.

Over 200 women in legal talks with Harrods over Fayed abuse claims

More than 200 women are now in settlement talks with Harrods over alleged abuse by its former owner Mohamed Al Fayed, the upmarket London department store said Thursday.

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Tourism revival boosts Thai economy but exports sluggish

Thailand's economy expanded by 2.6 percent last year on the back of a tourism recovery and strong consumer confidence but an export slowdown dragged on growth, officials said Friday.

Japan's Indigenous peoples fight stigma to reclaim identities

In a forest in northern Japan's Hokkaido, Atsushi Monbetsu kneels on the moss in the thick morning fog and begins to pray in a language that has nearly disappeared.

Back from the dead, IPOs picking up again on Wall Street

The IPO parade of the early pandemic years crashed to Earth in 2022, but there are hints of a potential 2023 rebound despite plenty of lingering caution.

Covid infection gives similar immunity to vaccination: study

The protection against Covid-19 from being previously infected lasts at least as long as that offered by vaccination, one of the largest studies conducted on the subject said on Friday.

Tesla 'recalls' 360,000 vehicles to fix driver-assistance software

Tesla is recalling nearly 363,000 electric vehicles because of problems with their driver-assistance technology that heighten crash risk, according to a US regulatory announcement seen by AFP Thursday.

Tesla recalls 360,000 vehicles on driver-assistance system issues

One investor, two clubs: is Europe big enough for both?

With Qatari suitors reportedly seeking to add Manchester United to a portfolio that includes Paris Saint-Germain, precedent suggests both clubs would be allowed to pursue the Champions League grail at the same time.

Berlin film fest beams in Zelensky for opener with Sean Penn

Ukrainian President Volodymyr Zelensky joined Hollywood actor Sean Penn by video link on Thursday at the opening of the Berlinale, Europe's first major film festival of the year, calling for the entertainment world to maintain its "solidarity" with his besieged country.

Portugal ends 'golden visas' to rein in property speculation

Portugal is to end its practice of issuing "golden visas" to rich foreign investors, one of several measures announced by Prime Minister Antonio Costa on Thursday to tackle the lack of affordable housing.

French pensions strikes lose momentum as March showdown looms

French protesters joined fresh rallies and strikes against a bitterly contested pensions reform on Thursday, but turnout failed to match the massive numbers seen in previous demonstrations.

Bitcoin tops $25,000 to hit eight-month high

Bitcoin hit an eight-month high to surge past $25,000 on Thursday as the volatile cryptocurrency rises despite pressure from US regulators.

Jankto says coming out 'definitely a relief'

Czech international footballer Jakub Jankto said Thursday his coming out as gay earlier this week was "definitely a relief".

Spain passes law for Europe's first 'menstrual leave'

Spain's parliament approved Thursday a law granting paid medical leave to women suffering severe period pain, becoming the first European country to advance such legislation.

Nestle, Absolut owner to hike prices again amid high costs

Swiss food giant Nestle and liquor group Pernod Ricard, owner of Absolut vodka and Jameson whiskey, announced fresh price hikes on Thursday due to inflation even as consumers across the world face a cost-of-living crunch.

England rugby maternity policy can 'normalise motherhood in sport'

England women's lock Abbie Ward hailed a new maternity policy from the Rugby Football Union (RFU) on Thursday as giving mothers the "best possible chance of returning to play."

Passports and war driving pregnant Russians to give birth in Argentina

When migration officials detained six pregnant Russian women at a Buenos Aires airport last week, they exposed a phenomenon that has been growing in the country for a year: Russian birthing tourism.

UK energy group Centrica's surging profit sparks fury

Britain's biggest domestic energy supplier Centrica on Thursday posted rocketing annual profit, sparking fury as Britons face soaring household electricity and gas bills that have fuelled a cost-of-living crisis.

French pensions strikes slow before March showdown

Turnout was sharply down on Thursday for new strikes in France against a bitterly opposed pension reform being debated in parliament, with union heads hoping for a bigger showdown to come.

US wholesale price inflation rebounds on goods prices

Wholesale prices in the United States picked up more than expected in January, according to Labor Department data released Thursday, bumped up by goods costs and fueled by higher gasoline prices.

China remains Germany's biggest trade partner in 2022

China was Germany's biggest trading partner in 2022 for the seventh year in a row, figures published Thursday showed, as policymakers worry about economic over-reliance on Beijing.

Nigerian president moves to try to ease cash crisis

Nigeria's President Muhammadu Buhari on Thursday defended a currency swap that sparked protests and cash shortages, but ordered old, small denomination 200 naira notes to remain in circulation in a bid to ease scarcities.

Soul-searching for Scotland's SNP as Sturgeon quits

The Scottish National Party (SNP) on Thursday faced calls to postpone a special conference aimed at reviving its troubled push for independence, after the surprise resignation of leader Nicola Sturgeon.

Lebanese protesters smash bank facades as crisis bites

Dozens of angry demonstrators attacked several banks in Beirut on Thursday after the Lebanese pound hit a record low, AFP journalists said, amid a deepening economic crisis.

Paris stock market joins London on record high over recovery hope

The Paris stock market hit an-all time high Thursday after London's record-breaking run on economic recovery hopes as inflation eases away from sky-high levels.

Berlin film fest to beam in Zelensky for opener with Sean Penn

Ukrainian President Volodymyr Zelensky will join Hollywood actor Sean Penn by video link on Thursday at the opening of the Berlinale, Europe's first major film festival of the year, as it spotlights the fight for freedom in Ukraine and Iran.

Will Man Utd become football's latest Gulf-backed project?

Prospective new owners of Manchester United have until Friday to reveal their interest in buying one of the world's biggest clubs, with the British press reporting a bid from Qatar which, if successul, will send shockwaves through European football.

Airbus earns record net profit of 4.2 bn euros in 2022

European aircraft manufacturer Airbus said on Thursday profits soared to a record level in 2022 despite supply chain problems limiting its ability to raise production.

Inflation nibbles at Nestle margins

Swiss food giant Nestle said on Thursday sales rose last year but inflation nibbled at its margins, while net profits plunged due to asset disposals in 2021.

Renault boosts profitability but Russia exit pushes it into loss

French automaker Renault said Thursday it boosted manufacturing profitability in 2022 but the sale of its operations in Russia pushed the company into a net loss.

From Russia, with 'Z' love

Russian conservative writer Alexandra Makarova fell in love with soldier Dmitry Matviyenko after he lost a leg fighting in Ukraine.

Russians adapt to 'nerve-wracking' life under sanctions

When Vladimir Stetsenko put his apartment on the market in October, he thought the ad for the newly renovated property in southern Moscow would generate some interest. It did not.

Berlin film fest opens with spotlight on Iran and Ukraine

The Berlinale, Europe's first major film festival of the year, opens Thursday with a comedy starring Anne Hathaway, Marisa Tomei and Peter Dinklage ahead of a packed programme spotlighting Iran and Ukraine.

Asian markets rise as traders evaluate strong US economy

Asian markets pushed higher Thursday, extending gains in New York and Europe, as a forecast-busting US retail sales report showed American consumers remain confident despite elevated inflation and the prospect of more interest rate hikes.

Most baby formula health claims not backed by science: study

The vast majority of health claims used to advertise baby formula worldwide are not supported by rigorous scientific evidence, a study said Thursday, leading researchers to urge the breast milk substitutes be sold in plain packaging.

Global stocks rise after strong US retail sales, better UK inflation data

Wall Street stocks shrugged off early weakness and pushed higher Wednesday as they followed European bourses upward after strong US economic data.

Experts deliver report into Pablo Neruda's mysterious death to Chile judge

A panel of scientific experts investigating the mysterious death of Nobel laureate poet Pablo Neruda delivered a report to a Chilean judge on Wednesday.

Ford halts output of F-150 Lightning through at least next week

Ford plans to suspend production of its F-150 Lightning electric pickup truck through "at least" the end of next week, a company spokeswoman said Wednesday.

World's oldest near-complete Hebrew Bible heads to auction

A Hebrew Bible more than 1,000 years old is set to be sold at auction in New York for up to an estimated $50 million, Sotheby's announced Wednesday.

World Bank chief David Malpass to step down early

World Bank chief David Malpass announced Wednesday he would step down nearly a year early from his position heading the development lender, amid questions over his climate stance.

Coin Press - Economy (English)