Coin Press - Economy

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Featured

Musk finally unveiling his long-promised robotaxi

Elon Musk has been promising a car that can drive itself for years, pledging a series of reveals that never materialized. On Thursday he's finally going to show the world Tesla's robotaxi.

London's Frieze art fair goes potty for ceramics

London's Frieze art fair, which opened Thursday, for the first time devotes a special section to ceramics, largely featuring Latin American artists.

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Riots break out in Nigerian cities amid cash scarcity

Rioters attacked bank ATMs and blocked roads in three Nigerian cities on Wednesday as anger spilled on the streets over a scarcity of cash, officials and local media said.

Canada women's coach 'proud' of team over pay dispute

Canada women's team coach Bev Priestman says she is proud of her players taking a stance over equal pay and conditions but hopes the "draining" dispute with the Canadian Soccer Association (CSA) is resolved quickly.

Barclays bank shares tumble as bad loans surge

Shares in Barclays slumped as much as 10 percent Wednesday after the British bank announced a surge in bad loans alongside a drop in annual profits linked to US litigation charges.

Self-drilling seed carriers break new ground

Dropped over their target by drone, dozens of tiny wooden "robots" twirl through the air in a balletic freefall before hitting the ground, where the work begins for these experimental self-burying seeds on an aerial replanting mission.

Cows, cars and hot bread: Turks rally to help quake victims

The small, elderly woman in a white headscarf leans on a stick and holds up a wad of bills: 13,000 Turkish liras ($690) for the country's earthquake victims. She made the money by selling her cow.

Jane Fonda urges Vienna Opera to cut ties with fossil fuel firms

US actress and activist Jane Fonda on Wednesday called on the Vienna Opera to end its partnerships with fossil fuel companies trying to "make themselves socially acceptable" by sponsoring cultural institutions while "killing the planet".

Football captain from Thai cave rescue dies in UK

One of 12 boys dramatically rescued from a Thai cave in 2018 has died in Britain while studying on a football scholarship, authorities said on Wednesday.

US retail sales rebound on biggest gain since 2021

Retail sales in the United States rebounded in January, said government data released Wednesday, logging the biggest gain since 2021 as policymakers watch for signs that consumer demand is cooling in the longer run.

Glencore rewards shareholders after coal-fuelled profits

Swiss mining giant Glencore said Wednesday it would dish out $7.1 billion to shareholders after posting record profits driven by a surge in coal prices following Russia's invasion of Ukraine.

Protests break out in Nigerian city over cash shortages

Angry bank customers burned tyres and blocked streets in a southwest Nigerian city on Wednesday in protests over scarcity of naira cash, police and residents said.

Scotland's leader Sturgeon announces shock resignation

Scotland's First Minister Nicola Sturgeon announced her resignation Wednesday after more than eight years leading its devolved government, in a shock move jolting UK politics on both sides of the border.

Stock markets diverge as traders react to inflation numbers

Europe stock markets climbed Wednesday after Asian counterparts finished lower, with traders digesting news of cooler UK and US inflation.

UK inflation retreats further, remains above 10%

British annual inflation dropped further last month on easing transport costs, official data showed Wednesday, but remains above a historically-high 10 percent.

'Someone else' could be running Twitter this year, says Musk

Twitter boss Elon Musk said Wednesday that a new CEO might be running the online platform by the end of 2023, after a "rollercoaster" since he took full ownership last year.

Sinkholes sow fear in former Polish mining town

Two decades after the local coal mine closed, residents in a southern Polish town live in fear that the ground will collapse under their feet after 20 sinkholes appeared in the past two years.

AirTag harassment victims unconvinced by Apple's fixes

Originally designed as a solution for the absent-minded, the AirTag digital tracking sensor is also sometimes employed for a more sinister function, with manufacturer Apple now finding itself the subject of anger -- and lawsuits -- from Americans who have been harassed with the help of the brand's product.

Israeli firm deploys robots to speed up online shopping

Behind a dark and opaque storefront in Tel Aviv, an Israeli company is speeding up online shopping by replacing staff with robots that manoeuvre around small storerooms.

Cash-strapped Egypt sells state assets to Gulf nations

Egypt, sapped dry of dollars despite a $3 billion International Monetary Fund bailout loan, is seeking to boost its coffers by selling state assets to wealthy Gulf nations.

Asian markets retreat as US inflation fuels rate-hike bets

Asian markets sank Wednesday as a mixed US inflation report did little to soothe investor worries that the Federal Reserve will continue to ramp up interest rates, which many fear could cause a recession.

'Like James Bond,' Argentine price spies fight inflation

Like a veritable undercover agent, Monica Schenone tries to pass unnoticed through the aisles of a supermarket in Buenos Aires, sneaking photographs of price tags.

Airbnb posts first profitable year as travel rebounds

Airbnb on Tuesday reported its first annual profit, with revenue surging in the final three months of 2022 as travel bookings rebounded.

US inflation eases but policymakers' battle not over

Rising rent and a gasoline price rebound helped keep US consumer prices elevated in January, according to government data released Tuesday, signaling that policymakers' battle against inflation is not over.

For better or worse: Love in wartime for Ukraine's soldiers

For many Ukrainian soldiers, the war with Russia has led to heartbreaking separation from their families, but for others love has blossomed on the frontline.

Buffalo workers launch drive to become 1st Tesla union

A group of workers at Tesla's Buffalo, New York plant announced a campaign Tuesday to form the first union at Elon Musk's electric car company.

French waste collectors urged to create stink over pension reform

Influential French trade union CGT called Tuesday for garbage collectors to join rolling strikes that have been announced for March 7 against President Emmanuel Macron's pension reform, raising the prospect of rubbish piling up in the streets.

French prosecutors close rape probe into top model agency boss

French investigators have closed an investigation into possible rape and sexual assault by European model agency boss Gerald Marie who was accused of a string of offences, legal sources said Tuesday.

Possible war crime as Russia holds thousands of children: US report

Russia has held at least 6,000 children from Ukraine in camps aimed at re-education in what could constitute a war crime, a US study said Tuesday.

Pharrell Williams in talks to be Louis Vuitton designer: reports

Hip-hop artist Pharrell Williams is in talks to take over as head of menswear for Louis Vuitton, media reports said on Tuesday.

UK council unamused as Banksy unveils Valentine's Day mural

British street artist Banksy marked Valentine's Day Tuesday with an inimitable statement about violence against women -- but local politicians saw only a nuisance.

Air India unveils historic plane order with Airbus, Boeing

Air India will purchase 470 planes from Airbus and Boeing under an historic pair of mega agreements announced Tuesday, transforming the former national carrier as it prepares for torrid growth.

Back to the future: Air India looks to take off with mega-purchase

One of India's biggest and oldest conglomerates is returning to its roots with a multi-billion-dollar bet on the country's growing middle class and its demand for air travel.

Bad omen? Valentines tie the knot at Vasa shipwreck

Marriage: a disaster waiting to happen or a historic odyssey? Couples tied the knot Tuesday in front of Sweden's 17th century royal warship Vasa that sank on its maiden voyage.

US inflation eases in January but kept high on rent and energy costs

Rising rent and a gasoline price rebound helped keep US consumer prices elevated in January, according to government data released Tuesday, with the slight easing signaling that policymakers' battle is not over.

Ukraine's allies scramble to keep ammo flowing

Ukraine's Western backers pushed at a meeting on Tuesday to keep the huge amounts of ammunition and arms Kyiv needs flowing to the battlefield, as Russia ramps up its assaults.

Banksy unveils new 'Valentine's Day Mascara' artwork

British graffiti artist Banksy on Tuesday unveiled his latest UK street artwork, which appears to take aim at domestic violence against women as the world celebrates Valentine's Day.

Air India to buy 250 Airbus planes in 'historic' deal

Air India will buy 250 Airbus planes in a deal aimed at transforming the former national carrier, it said Tuesday, after decades as a monumental burden on the public purse.

London stocks hit record peak, dollar drops before US inflation

The London stock market struck a record peak close to 8,000 points Tuesday on a wave of European optimism before vital US inflation data.

Kabul florists heartbroken over Taliban Valentine's Day ban

Florists with wilting bouquets of red roses and street vendors clutching unsold balloons were heartbroken in the Afghan capital on Tuesday after the Taliban's morality police banned Valentine's Day celebrations.

Jankto: Football's most prominent player to come out as gay

Jakub Jankto, a Czech international footballer who has come out as gay, is an entrepreneur running several businesses who happily admits to being "a workaholic."

Coin Press - Economy (English)