Coin Press - Economy

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Featured

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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Hong Kong, Shanghai extend surge as China optimism boosts markets

Hong Kong and Shanghai ploughed on with their China-fuelled rally Friday on hopes that Beijing will press on with new plans to boost the world's number two economy.

Vietnam president reiterates support for Cuba during official visit

Cuban President Miguel Diaz-Canel held talks with his Vietnamese counterpart To Lam in Havana on Thursday, with the two countries signing several bilateral agreements during the visit.

Poverty rises to over 52 percent in Milei's Argentina

Poverty in Argentina rose to over 52 percent of the population in the first six months of self-declared "anarcho-capitalist" Javier Milei's presidency, according to data released Thursday by the INDEC statistics agency.

Chloe's see-through look may not be for Kamala Harris

Designer Chemena Kamali -- who dressed Kamala Harris for the Democratic Convention in August -- turned heads at Paris Fashion Week Thursday with a line of lacy transparent looks the US presidential hopeful may be a little more shy about trying.

China stimulus, tech optimism boost stock markets

Stock markets climbed Thursday as China signalled more stimulus for the world's second-largest economy, while a strong outlook from US chip giant Micron gave a further boost to investor optimism.

South Korea surges in UN innovation index

South Korea made the biggest jump among the world's 10 most innovative economies in the UN's annual rankings published Thursday, alongside a gloomy global outlook for innovation investment.

Floods threaten Niger's historic 'gateway to the desert'

Its winding allies, ancient mosque and ochre earthen houses helped bestow on Agadez its UNESCO World Heritage status, but the town in Niger is now under threat from flooding.

China economy hopes boost global equities

Chinese stocks surged and major European indices mostly rallied Thursday as China signalled further stimulus measures aimed at lifting the world's second-biggest economy out of the doldrums.

Ubisoft shares sink after 'Assassin's Creed' delay

Shares in French video game giant Ubisoft plunged nearly 20 percent Thursday after it dropped its profit targets following a delay to its latest "Assassin's Creed" title.

German economy to shrink again in 2024: think tanks

Germany's economy is expected to shrink slightly in 2024, leading economic institutes said on Thursday, as the traditional manufacturing powerhouse continues to stagnate.

Hong Kong's New World Development replaces CEO Adrian Cheng

Hong Kong property behemoth New World Development announced Thursday that its chief executive officer Adrian Cheng has been replaced, as the firm reported an annual loss of over US$2.5 billion.

Swiss central bank cuts rate again amid strong franc worries

Switzerland's central bank on Thursday cut its key interest rate by a quarter percentage point for the third time this year, citing the strong Swiss franc and lower inflationary pressure.

Germany's BASF to focus on 'core units' in major overhaul

German chemicals giant BASF said Thursday it would focus on cost cutting and strengthening its "core businesses" in the years ahead as it unveiled details of a major overhaul.

China admits economy facing new 'problems', vows to fix property sector

Chinese President Xi Jinping and other top leaders admitted Thursday that the world's number two economy was facing new "problems" and vowed to resolve a long-running crisis in the housing sector.

Stock markets boosted by China hopes, tech rally

Hong Kong and Shanghai led another rally across markets on Thursday as China unveiled further economy-boosting measures following a raft of stimulus this week.

Beauty salon near Ukraine front offers brief respite from war

Maryna Skromnaya was ready to face shelling and explosions to get her hair done at a salon in Pokrovsk, the eastern Ukrainian city under intense Russian attack.

Argentina's narco capital sees mysterious drop in murders

Argentina's most violent city, Rosario -- best known as the hometown of soccer star Lionel Messi -- has in recent months seen a drastic, and some say suspicious, fall in murders.

World's first CO2 storage service soon ready in Norway

Norway is set to inaugurate Thursday the gateway to a massive undersea vault for carbon dioxide, a crucial step before opening what its operator calls the first commercial service offering CO2 transport and storage.

Asian markets boosted by tech rally, traders eye US inflation

Tech firms led an Asian market rally Thursday on renewed optimism about demand for AI equipment following a strong earnings outlook from US chip giant Micron.

'Social Studies' TV series takes intimate dive into teens' smartphone life

Sifting through the smartphones of dozens of US teens who agreed to share their social media content over the course of a year, filmmaker Lauren Greenfield came to a somber observation.

Key negotiator Norway sees 'positive signals' ahead of plastic talks

In the single week that world leaders convened for high-level UN talks in New York, nearly 100,000 water bottles' worth of microplastics swirled through the city's air, posing known and still unknown risks to human health.

Global stocks mixed after China stimulus as Dow retreats from record

Stock markets diverged and oil prices fell on Wednesday as China's latest measure to bolster its economy, the world's second-largest, failed to sustain another global rally.

Meta bets big on celebrity AI voices and augmented reality glasses

Meta launched AI chatbots voiced by Hollywood celebrities including Judi Dench and John Cena on Wednesday, betting its billions of users are eager to embrace artificial intelligence.

France's Ubisoft pushes back new 'Assassin's Creed' game to February

The latest instalment of the hugely popular "Assassin's Creed" video game series has been delayed to February instead of coming out in November as planned, its French publisher Ubisoft said Wednesday.

Paris fashion: The Dries dream lives on without Van Noten

The "Prince of Prints" is gone, but Dries Van Noten the style legend lives on, wowing his army of fans at Paris Fashion Week Wednesday with his brand's first show since the designer retired in June.

Meta unveils star-studded AI assistants

Meta launched AI chatbots voiced by Hollywood celebrities like John Cena and Judi Dench on Wednesday, betting that its billions of users are eager to embrace artificial intelligence.

Workers 'disappointed' as Volkswagen remains vague on turnaround plan

Unions on Wednesday criticised Volkswagen for failing to make specific proposals in the first round of talks over the German auto giant's drastic cost-cutting plan, as thousands of workers picketed the meeting.

Son says Spurs team-mate Bentancur 'almost cried' over alleged racial slur

Son Heung-min said Tottenham team-mate Rodrigo Bentancur "almost cried" when he apologised over an alleged racist remark about the South Korean.

US new home sales slow slightly in August

Sales of new homes in the United States cooled less than expected in August, according to government data released Wednesday, with lower interest rates potentially boosting the market going forward.

Walking on the Moon in Cologne: Europe's lunar life simulator

A large, ordinary-looking warehouse in the German city of Cologne is the closest you can get to walking on the Moon -- without leaving Earth.

Russian MPs back adoption ban on countries allowing gender reassignment

Russia's parliament Wednesday voted to back a bill banning the adoption of Russian children in countries that allow gender reassignment, the latest in a series of ultra-conservative social measures.

Unions vow 'bitter resistance' as Volkswagen talks begin

Volkswagen bosses and workers' representatives started crunch talks Wednesday about the ailing German auto titan's drastic cost-cutting plans, with thousands of staff staging a protest and unions vowing "bitter resistance".

Coin Press - Economy (English)