Coin Press - Economy

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Featured

Stock markets diverge as Hong Kong sinks, oil prices fall

Oil prices fell and global stock markets diverged on Tuesday, with Hong Kong suffering its worst day in 16 years as China held off announcing fresh measures to boost its economy.

US trade gap narrowest in five months as imports slip

An uptick in exports and a fall in imports brought the August US trade deficit to its narrowest in five months, according to government data released Tuesday.

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Thailand hits 10 million visitors in 2022 as tourism recovers

Thailand celebrated the arrival of its 10 millionth international visitor of 2022 on Saturday, according to the tourism authority, as the kingdom consolidated the recovery of its Covid-battered travel sector.

US sports reporter dies after collapsing at Qatar World Cup

One of America's leading soccer reporters, who made headlines when he was detained at the Qatar World Cup for wearing a rainbow shirt, died Friday while covering the quarter finals in Doha, according to his wife and the US Soccer federation.

France's Mediawan buys majority stake in Brad Pitt's Plan B

French media company Mediawan has bought a majority stake in US film star Brad Pitt's production house Plan B Entertainment, it said Friday, in a deal reportedly worth more than $300 million.

California dreaming: Para surf hopefuls eye Los Angeles Olympics

Under perfect California skies, Liv Stone elegantly flips her board into the hollow of a wave, perfectly executing the kind of move this disabled surfer would love to replicate at the 2028 Los Angeles Paralympics.

Keep talking: Disgraced crypto king's high-risk strategy

Omnipresent on talk shows and conference panels, disgraced cryptocurrency tycoon Sam Bankman-Fried is defying the advice of the legal profession and staying in the public eye despite facing the real threat of prosecution and even jail time.

Canada to hasten permitting for critical minerals mines

Canada will look to quickly ramp up production of critical minerals that are vital to its transition away from climate-harming fossil fuels, according to a new strategy unveiled Friday.

'Little America:' the TV series that questions the American dream

Apple TV + series "Little America" returned to screens for a second season Friday with the aim of challenging the American dream, creator Sian Heder told AFP.

UK sentences head of Kurdish people-smuggling gang to 8 years' jail

The convicted ringleader of a "large-scale" Kurdish people-smuggling gang, who is currently on the run, was on Friday sentenced in absentia to eight years in prison, Britain's National Crime Agency (NCA) said.

PETA takes UK military to court for rejecting fake fur hats

Animal rights group PETA said Friday it is taking legal action against the UK defence ministry over its refusal to test a fake fur version of the distinctive bearskin hats worn by ceremonial guards.

Stock markets mixed on renewed US Fed rate fears

Global stocks diverged on Friday after hotter-than-expected US wholesale prices renewed concerns that the Federal Reserve will stick to aggressive policies against inflation.

Equities boosted by China news before rate calls

Global stocks rose Friday on China's slowing inflation and economic reopening, alongside hopes of less aggressive interest rate hikes next week.

The hot trend is low-profile fashion designers

The days of gigantic personalities like John Galliano, Jean-Paul Gaultier and Karl Lagerfeld stomping their way around the fashion world are over. Today's stars might still be extraordinary individuals, but it is discretion that sells.

China's Xi to hold Arab summits on Saudi trip

Chinese President Xi Jinping will meet Arab leaders at summits in Riyadh on Friday after striking a series of agreements with Saudi Arabia, strengthening ties as the top oil exporter quarrels with Washington.

Equity markets boosted by China hopes, eyes now on US inflation

Stock markets rose Friday and the dollar dipped as traders continue to weigh concerns about rising interest rates and a possible recession against optimism over China's economic reopening.

Asian markets boosted by China hopes, eyes now on US rates data

Asian markets rose Friday and the dollar dipped as traders continue to weigh concerns about rising interest rates and a possible recession against optimism of China's economic reopening.

Let the lava flow! Iceland's volcano show is a hit

In a dark auditorium in Reykjavik, bubbling orange lava flows down a slide to within inches of awe-struck visitors.

China makes first delivery of homegrown passenger jet

China on Friday announced the first delivery of its new domestically produced passenger jet, with the aircraft expected to make its commercial debut early next year.

US currency to bear signatures of two women for first time

Most people don't have to worry if their signature is sloppy -- but if it's your name on the US dollar bill, it's best to practice, says US Treasury Secretary Janet Yellen.

Playing with paradise: Defunct Bali golf course another Trump fiasco

Beer bottles and broken plastic chairs litter the fairways of a derelict golf course on the Indonesian holiday island of Bali, where laid-off workers lament the unfulfilled promises of a Donald Trump "dream project".

Asian markets mixed with focus on US inflation data, Fed meeting

Asian markets were mixed Friday as optimism about China's economic reopening continues to face off against concerns about rising interest rates and a possible recession.

Central America's biggest mine faces closure over tax spat

Rising up through the lush vegetation of Panama's Caribbean coast, a 125-meter chimney serves as a beacon for helicopters approaching the largest mine in Central America, which faces closure next week over a contract dispute.

Recession in US 'not inevitable': Yellen

A recession in the US is "not inevitable," Treasury Secretary Janet Yellen said Thursday, adding that she believes the world's biggest economy is on the right track in lowering inflation.

Met Opera in NY reports crippling cyberattack

The Metropolitan Opera said Thursday that a cyberattack had prevented its website, box office and call center in NY from functioning.

Musk faces legal onslaught from angry ex-Twitter workers

The purge initiated by Elon Musk at Twitter when he took over the company left more than half of its 7,500 employees on the sidelines and now many of them are taking the SpaceX and Tesla tycoon to court.

Frustration in Romania and Bulgaria after Schengen rejection

After more than 10 years waiting to be admitted into the Schengen zone, Bulgaria and Romania were once more turned away after two EU countries vetoed their admission.

Greenback to bear signatures of two women for first time

The US dollar will bear two women's signatures for the first time, belonging to Treasury Secretary Janet Yellen and US Treasurer Lynn Malerba, officials said Thursday as they unveiled the banknotes.

'Keeping it fresh': Greek growers use nature to clean crops

Beneath a cluster of plane trees, the crystal clear waters of a stream are mustered by Greek farmers to rinse their leek crop, a time-honoured tradition that saves money and reduces its carbon footprint.

Kazakhstan moves to reel in crypto mining

Kazakhstan, one of the world's leading locations for cryptocurrency mining, has moved to reel in the power-hungry industry that has often burdened the ageing energy grid of the Central Asian country.

Glitz and the 70s as travelling fashion show arrives in Africa

Glitz and 1970s cuts were centre-stage this week when Chanel brought a special show to Senegal that places the spotlight on the work of its craftspeople.

US Congress passes landmark bill to protect same-sex marriage

The US Congress on Thursday passed landmark legislation to protect same-sex marriage under federal law, and President Joe Biden has vowed to quickly sign the measure.

Markets jostled by recession fears, China optimism

Wall Street stocks attempted to stage a relief rally and Hong Kong soared on Thursday, but elsewhere equity trading was still dominated by recession fears.

King Charles coins enter UK circulation

The first coins bearing the likeness of Britain's King Charles III entered circulation Thursday, The Royal Mint announced.

Markets mostly fall as recession fears dampen China optimism

Hong Kong soared but other stock markets mostly fell Thursday as investors weighed worries about a US recession against China's shift away from strict Covid restrictions.

Markets mixed as recession fears dampen China optimism

Asian and European markets were mixed Thursday as sentiment was pulled in opposite directions by worries about a US recession and China's shift away from strict Covid restrictions.

Surveillance, hacking: whistleblower recalls Wirecard nightmare

When short seller Matthew Earl anonymously co-authored a report detailing explosive allegations of wrongdoing at German fintech champion Wirecard, his life was turned upside down.

Indonesia sex laws 'nail in coffin' for LGBTQ rights

Indonesia's legislation banning sex outside marriage represents a major new threat to the LGBTQ community's rights in the conservative country, where same-sex unions are not recognised.

Arctic Sweden in race for Europe's satellite launches

As the mercury drops to minus 20 Celsius, a research rocket lifts off from one of the world's northernmost space centres, its burner aglow in the twilight of Sweden's snowy Arctic forests.

Asian markets mixed as recession fears dampen China optimism

Asian markets were mixed Thursday as sentiment was pulled in opposite directions by worries about a US recession and China's shift away from strict Covid restrictions.

Canadian university identifies low carbon foods for student meals

Trays in hand, Polytechnique Montreal students line up at the cafeteria and through a fogged up buffet counter glass, check out dishes that now come with information about their carbon footprint.

Coin Press - Economy (English)