Coin Press - Economy

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Biden clears Ukraine for long-range missile strikes inside Russia

US President Joe Biden has cleared Kyiv to use long-range American missiles against military targets inside Russia, a US official told AFP on Sunday, hours after Russia targeted Ukraine's power grid in a deadly barrage.

Biden allows Ukraine to strike Russia with long-range missiles: US official

US President Joe Biden has authorized Ukraine to use long-range American missiles against military targets inside Russia, a US official told AFP on condition of anonymity on Sunday, marking a major policy shift long demanded by Kyiv.

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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.

ECB chief backs bank mergers amid UniCredit, Commerzbank talk

ECB chief Christine Lagarde said Monday that cross-border banking mergers in Europe were "desirable" to boost their competitiveness, despite mounting German opposition to a potential tie-up between Commerzbank and Italy's UniCredit.

China stocks soar on stimulus, but US and Europe retreat

Chinese stocks surged higher Monday after further economic stimulus measures, while investor caution weighed on US and European stocks after solid gains chalked up last week.

China stocks soar on stimulus, Europe slides on automaker woes

Chinese stocks rocketed Monday, extending last week's surge after China unveiled a raft of economy-boosting measures, while a weak outlook for the car sector sent European auto stocks tumbling.

German antitrust watchdog steps up monitoring of Microsoft

Germany's anti-cartel watchdog said Monday it had placed US tech giant Microsoft under closer surveillance for any possible abuse of its market position.

E.Guinea, Gabon clash at ICJ over oil-rich islands

Gabon and Equatorial Guinea faced off on Monday at the International Court of Justice, hoping to resolve a decades-old scrap over the sovereignty of three disputed islands in potentially oil-rich waters.

New blow for UK's Starmer as growth data disappoints

Britain's economy grew less than initially estimated in the second quarter, revised official data revealed Monday, dealing another early blow to new Prime Minister Keir Starmer and his Labour government.

China's top banks to tweak mortgage rates to boost housing market

Six of China's biggest banks said they would tweak interest rates on mortgages for existing home loans following a request to lower them from Beijing's central bank, state media said Monday, as the country seeks to pull itself out of a housing slump.

Muslim women break taboos navigating east London's waterways

Paddle dipped gently below mossy water, Dilruba Begum guided the kayak and a trainee sat in front of her down a canal in east London.

Dozens missing, 9 dead in migrant boat wreck off Spanish Canaries

Nine people are confirmed drowned and at least 48 are missing after a boat carrying migrants capsized off Spain's Canary Islands overnight, rescue services said Saturday, the latest in a series of such disasters off the west coast of Africa.

SpaceX launches mission to return stranded astronauts

A SpaceX rocket soared into the sky Saturday with two passengers on board, leaving two seats empty to return American astronauts who have been stranded for months on the International Space Station, NASA said.

SpaceX set to launch mission to return stranded astronauts

A SpaceX mission is set for launch Saturday with two passengers on board, leaving two seats empty to return the American astronauts who have been stranded for months on the International Space Station, NASA said.

Boeing strike grinds on as latest talks fail to reach agreement

The union for striking Boeing workers said Friday that talks with the aviation giant "broke off" without agreement, after some 33,000 US employees walked out this month.

US ports brace for potential dockworkers strike

Tens of thousands of US dockworkers plan to strike next week if there is no breakthrough on contract talks, just a month before November's closely contested presidential election.

Global stocks mostly rise, cheering Beijing stimulus

Stock markets mostly rose Friday as slowing US and European inflation raised hopes of more aggressive interest rate cuts while investors applauded China's measures to boost its struggling economy.

Argentina judge orders dictionary to delete pejorative definition of 'Jewish'

An Argentine judge has ordered the publishers of a major Spanish dictionary to remove a pejorative definition of the word "Jewish" from its listing, local media reported late Thursday.

Global stocks rise on rate hopes, Beijing stimulus

Stock markets rose Friday as slowing US and European inflation raised hopes of more aggressive interest rate cuts and China took measures to boost its struggling economy.

UK clears $4 bn AI partnership between Amazon, Anthropic

Britain's competition regulator on Friday cleared Amazon's investment of up to $4 billion in Anthropic, an American developer of artificial intelligence, following a short probe.

Barca fans barred from Champions League away game over racist banner

Barcelona must play their next away Champions League game without their fans and pay a 10,000-euro ($11,000) fine for a racist fan banner, UEFA ruled on Friday.

Chinese stocks extend surge, Europe higher on Beijing stimulus

Hong Kong and Shanghai stock markets soared again Friday with the latter index recording its strongest weekly gain in 16 years on hopes China would unveil yet more measures to boost its flagging economy.

Pope says Church must 'seek forgiveness' for child sexual abuse

Pope Francis said Friday that the Catholic Church must "seek forgiveness" over the "scourge" of child sexual abuse, during a visit to Belgium where the Church's dark past looms large.

China caps week of 'bazooka' stimulus for ailing economy with rate cut

China on Friday opened up over a hundred billion dollars in cash for its ailing economy, capping a week in which its leadership embark on one of their biggest drives in years to kickstart growth.

Cuts, cash, credit: China bids to jumpstart flagging economy

China this week unveiled a bundle of new measures aimed at kickstarting its economy, battered by unprecedented headwinds including a property sector crisis and sluggish spending.

France's debt weighs heavier ahead of budget debate

France's vast public debt pile grew in the second quarter, official figures showed Friday, as Prime Minister Michel Barnier's shaky minority government girds itself for a gruelling budget debate.

Iran treads carefully, backing Hezbollah while avoiding war

As violence between Israel and Hezbollah escalates, Iran is walking a tightrope by supporting Hezbollah without being dragged into a full-blown conflict and playing into its enemy's hands.

Return to sender: waste stranded at sea stirs toxic dispute

Amid the scorching heat at the Albanian port of Durres, 102 containers set sail for Thailand in early July, sparking a high-seas drama that highlighted the perils of the global waste trade.

'Broken' news industry faces uncertain future

From disinformation campaigns to soaring scepticism, plummeting trust and economic slumps, the global media landscape has been hit with blow after blow.

Taken from mother by nuns, victim seeks answers as pope visits Belgium

The stain of Catholic child abuse looms over Pope Francis's visit to Belgium this week, but a lesser-known scandal still roils the country: the "forced adoption" of newborns taken from their mothers, with nuns' complicity.

China cuts amount banks hold in reserve to boost lending

China on Friday cut the amount banks must hold in reserve, releasing an estimated $142.6 billion in liquidity into the financial market as leaders embark on one of their biggest drives in years to kickstart growth.

Coin Press - Economy (English)