Coin Press - Economy

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Featured

'Devil is in the details,' EU chief says of S.America trade deal

EU chief Ursula von der Leyen said Sunday "the devil is always in the details" as she spoke of a budding South America trade deal that France has vowed to block at all costs.

Toll in Tanzania building collapse rises to 13, survivors trapped

Tanzanian rescue workers dug through the ruins of a collapsed building for a second day on Sunday, hoping to pull survivors from beneath the rubble in a disaster that has claimed 13 lives.

Last news

Can music help plants grow? Study suggests sound boosts fungus

Playing a monotonous sound stimulates the activity of a fungus that promotes plant growth, a study suggested on Wednesday, raising the potential that playing music could be good for crops and gardens.

Nike earnings drop, says turnaround will take time

Nike reported a drop in profits Tuesday on sagging revenues as the sports giant cautioned that a turnaround from a rocky period would take time under a new CEO.

US dockworkers launch mass strike a month before election

Tens of thousands of workers at major ports on the US East and Gulf Coasts went on strike Tuesday in an action that could drag on the world's largest economy just ahead of a November presidential election.

Iron Dome: Israel's key anti-missile shield

Israel's Iron Dome air defence system has intercepted thousands of rockets since it went into operation in 2011, providing the country with crucial cover during times of conflict.

Cranes stand still as US dockworkers fight for 'future'

Just a short drive from the New York skyline, giant cranes, containers, and machinery stand motionless behind closed gates.

GM reports US sales dip, but says EVs grew

General Motors reported a dip in third-quarter US auto sales Tuesday, but pointed to growth in sales of electric vehicles and said retail pricing remained steady.

Sheinbaum takes office as Mexico's first woman president

Claudia Sheinbaum was sworn in Tuesday as Mexico's first woman president, inheriting a country beset by gang violence and economic uncertainty over controversial reforms passed by her powerful ruling party.

Stock markets slump, oil jumps on Middle East concerns

Global markets sank and oil soared Tuesday on fears of escalating conflict in the Middle East.

French PM vows more taxes and spending cuts ahead of budget fight

France's new Prime Minister Michel Barnier pledged new taxes and spending cuts Tuesday to reduce a "colossal" debt, in a policy address that met with a raucous reception from lawmakers who could topple his government at any time.

Germany inaugurates IBM's first European quantum data centre

Chancellor Olaf Scholz on Tuesday inaugurated US firm IBM's first quantum data centre in Europe, saying Germany aims to be at the forefront of the revolutionary technology.

Stock markets diverge as eurozone inflation drops further

Slowing eurozone inflation boosted European stock markets on Tuesday but US equities ran out of steam after concluding a bumper third quarter.

France's richest man takes control of Paris Match magazine

Paris Match, a glossy French weekly known for its celebrity exclusives on Tuesday became part of the media empire of France's richest man Bernard Arnault, after a stint under right-wing tycoon Vincent Bollore's ownership.

Anger meets tear gas as Nigeria hardship protests fizzle out

Rallies over economic hardship struggled to build momentum in Nigeria on Tuesday as the country battles its worst economic crisis in a generation.

US dockworkers launch mass strike month before election

Tens of thousands of workers at major ports on the US East and Gulf Coasts went on strike Tuesday in action that could drag on the world's largest economy just ahead of the November presidential election.

Evacuations from Lebanon: what we know

Israel launched a ground offensive in Lebanon on Tuesday, escalating a conflict against Hezbollah after a week of air strikes that have killed hundreds.

Feathers fly at Chanel's Paris fashion return

Chanel returned to the Grand Palais -- scene of the late Karl Lagerfeld's most legendary triumphs -- for the first time in four years Tuesday with a birdcage-themed Paris Fashion Week show that recalled the label's past glories.

UAE oil giant ADNOC swoops on German chemicals firm Covestro

German chemicals group Covestro said Tuesday it had accepted a takeover bid from UAE state energy company ADNOC, as one of the key sectors in Europe's largest economy is gripped by crisis.

Eurozone inflation falls under 2% for first time since 2021

The eurozone's annual inflation rate fell to its lowest level in three-and-a-half years in September, official data showed Tuesday, dropping below the European Central Bank's two-percent target and fuelling expectations of a rate cut.

Coldplay ticket scalping fiasco sparks backlash in India

British rock band Coldplay's upcoming tour of India has triggered a police investigation and dismayed fans after scalpers bought up cheap tickets to resell online for more than $1,000 apiece.

Tokyo recovers some losses to lead Asian markets higher

Tokyo led most Asian markets higher Tuesday as a weaker yen boosted exporters and helped traders recover some of their hefty losses in the previous day's rout.

US dockworkers launch strike after labor contract expires

Dockworkers at major ports along the US East and Gulf Coasts began walking off the job early Tuesday after last-minute negotiations yielded no new labor contract, a stoppage expected to drag on the world's largest economy just ahead of the November presidential election.

Kenya airport whistleblower fears for his life

Nelson Amenya caused an uproar by exposing secret talks for an Indian firm to take over Kenya's main airport. He has no regrets, but fears his life is now in danger, he says.

Sheinbaum to take office as Mexico's first woman president

Almost four months after her landslide election victory, Claudia Sheinbaum will be sworn in Tuesday as Mexican president, taking over as the Latin American nation's first woman leader at a time when it is wracked by criminal violence.

US port officials gird for strike despite last-minute bargaining

Officials at 14 ports along the US East and Gulf Coasts were making last-minute preparations on Monday for a likely labor strike that could drag on the US economy just ahead of a presidential election.

Qatar Airways seeking 25% stake in Virgin Australia

Qatar Airways unveiled a bid to take a 25 percent stake in troubled airline Virgin Australia on Tuesday, a deal that could shake up Australia's Qantas-dominated market.

US port officials gird for strike as labor talks stay stuck

Officials at 14 ports along the US East and Gulf coasts were making last-minute preparations on Monday for a likely labor strike that could drag on the US economy just ahead of a presidential election.

US Fed Chair sees 'further disinflation' in economy

The United States is set to see inflation cool further towards policymakers' target, Federal Reserve chair Jerome Powell said Monday, with interest rates likely to come down over time, too.

Epic Games sues Google and Samsung over app store

"Fortnite"-maker Epic Games is suing tech giants Google and Samsung, it announced Monday, accusing them of illegally colluding to block competition on Samsung devices.

Officials see no shortages from likely US port strike

New York officials said on Monday they were prepared for a likely US dockworkers strike, reassuring consumers that they would not lose access to food and other essential goods.

UK families of Gaza hostages warn Lebanon attack 'takes focus away'

Families of hostages with British links held by Hamas in Gaza on Monday warned that Israel's escalation of hostilities with Hezbollah could distract from their loved ones being freed.

Shares in Stellantis, Aston Martin skid on profit warnings

Shares in Jeep-maker Stellantis and Britain's Aston Martin tumbled on Monday after both companies joined European rivals in cutting their profit forecasts.

Dali prints found in London garage sold at auction

Eleven lithographs signed by the Spanish surrealist Salvador Dali sparked an auction battle on Monday after being stored and forgotten in a London garage for about 50 years.

Coin Press - Economy (English)