Coin Press - Economy

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Featured

Long delayed Ukrainian survival video game sequel set for release amid war

Ukrainian studio GSC will on Wednesday release a long-awaited sequel to its hit S.T.A.L.K.E.R. video game, fine tuned during the Russian invasion which forced many of its staff to leave the country.

Markets swing after Wall St losses as traders weigh US rates outlook

Asian markets were mixed Monday following a sell-off on Wall Street as investors scale back their bets on Federal Reserve interest rate cuts owing to worries Donald Trump could reignite inflation.

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India coal expansion risks massive methane growth: report

India's plans to expand coal mining could double emissions of the potent greenhouse gas methane from its domestic coal sector by 2029, threatening its climate goals, a report warned Thursday.

Boeing to start large temporary furloughs amid Seattle strike

Boeing said Wednesday it would start temporary furloughs of professional and white-collar staff as it seeks to conserve cash amid a labor strike that has shuttered Seattle manufacturing plants.

Stock markets, dollar slip before US rate decision

European markets and the dollar slipped, while US stocks barely budged Wednesday as traders avoided taking strong bets on the size of the US Federal Reserve's interest rate cut expected later in the day.

Italy seen overtaking France as world's largest wine producer

Italy is due to regain its spot as the world's largest wine producer in 2024 as France's vineyards are hit by unfavourable weather, according to figures from each country's agricultural authorities.

Stock markets steady, dollar slips before US rate decision

Stock markets were little changed and the dollar was down slightly Wednesday as investors awaited the US Federal Reserve's first interest rate cut in more than four years.

UK train drivers back govt pay deal to end strikes

Train drivers in Britain have overwhelmingly accepted a government pay deal, their union said on Wednesday, ending a two-year dispute at 16 rail companies.

Taiwan, Hungary firms deny making Hezbollah pagers

A Taiwanese company and its Hungarian partner on Wednesday reportedly denied making pagers that exploded while being used by Hezbollah members in Lebanon.

European stocks, dollar slip before US rate decision

European stock markets and the dollar mostly slipped Wednesday as the US Federal Reserve prepared to cut interest rates for the first time in more than four years.

End of the party? Tupperware files for bankruptcy

Tupperware Brands and some of its subsidiaries have filed for Chapter 11 bankruptcy protection and are seeking a buyer, the food container firm said, after years of dwindling sales.

France's new PM warns of 'very serious' financial situation

France's budgetary situation is "very serious", Prime Minister Michel Barnier told AFP on Wednesday, saying more information was needed to gauge the "precise reality" of French public finances.

French budgetary situation 'very serious': prime minister

France's budgetary situation is "very serious", Prime Minister Michel Barnier told AFP on Wednesday, saying more information was needed to gauge the "precise reality" of French public finances.

Fashion's Game of Thrones as creative heads play musical chairs

Who will take over at Chanel and where will Pierpaolo Piccioli go now that he has left Valentino?

Tupperware Brands files for bankruptcy

Tupperware Brands Inc and some of its subsidiaries filed for Chapter 11 bankruptcy protection on Tuesday, the food container firm said in a statement.

The absurd helps us 'see more' says Austrian artist Wurm

A fat Ferrari, pickles on pedestals and two sausages in an intimate embrace -- welcome to the weird world of Erwin Wurm, one of Austria's most famous contemporary artists, who wants us to embrace the absurd.

Boeing not taking strike talks seriously, union says

The union for striking Boeing workers said Tuesday the aviation giant was not "taking mediation seriously," after some 33,000 US employees walked out last week over a contract dispute, effectively shutting down two Seattle-area plants.

Women drive innovation, evolution of Chinese wine industry

As the female winemaker who put Chinese vintages on the map for the first time, Zhang Jing of Helan Qingxue winery is a trailblazer, but no anomaly.

China piles extra work on weary youth to ease pension crisis

China's decision to raise the retirement age will give a brief boost to its strained pension system but risks further discouraging weary young workers and cannot arrest long-term demographic decline, experts say.

US Fed set to make first rate cut since 2020

The US Federal Reserve is all but certain to cut interest rates on Wednesday for the first time in more than four years, a significant move likely to ripple through global financial markets.

Musk to deliver 'drastic' cuts to Trump government

Elon Musk's fervent support for Donald Trump in the upcoming US election could extend far beyond incendiary tweets and campaign cash if the former president returns to the White House.

Author John Grisham joins bid to save Texas death row inmate

Lawmakers in Texas, medical experts and the best-selling novelist John Grisham are pushing to save an autistic death row inmate whose daughter died in 2002 in a tragedy blamed on shaken baby syndrome.

More than 3,600 food packaging chemicals found in human bodies

More than 3,600 chemicals used in food packaging or preparation have been detected in human bodies, some of which are hazardous to health, while little is known about others, a study published on Tuesday said.

Report links meatpacking companies to 'war on nature' in Brazil

A report by environmental and rights NGOs Tuesday linked three major meatpacking companies to illegal deforestation in Brazil, where farmers are accused of spraying herbicides from the sky to clear huge tracts of land.

Bolivian ex-leader Morales, backers set out on weeklong protest march

Bolivian ex-president Evo Morales embarked on a seven-day march with thousands of supporters Tuesday against incumbent leader Luis Arce, who has denounced the protest as a "coup attempt."

Boeing, union resume talks as strike empties Seattle plants

Negotiators from Boeing and the machinists union representing its workers resumed talks Tuesday after some 33,000 employees went on strike late last week, effectively shutting down two Seattle-area factories.

US, European stocks rise on retail sales, rate cut expectations

US and European stocks rose Tuesday, lifted by better than expected retail sales figures out of the United States and by anticipation of a hefty interest rate cut from the Federal Reserve.

Inflation slows again in Canada to 2%

Inflation in Canada eased to two percent year-on-year in August, hitting the target set by the country's central bank and marking its slowest increase since February 2021, official data showed Tuesday.

US, European stocks rise on eve of Fed rate decision

US and European stocks rose Tuesday, a day ahead of a long anticipated interest-rate cut by the US Federal Reserve that investors are increasingly betting will be big.

Sean 'Diddy' Combs charged with racketeering, sex trafficking

Superstar rapper Sean 'Diddy' Combs has been indicted on charges of racketeering conspiracy and sex trafficking, prosecutors said Tuesday.

US retail sales see slight rise, beating expectations

US consumer spending rose only slightly in August, government data showed Tuesday, with consumers appearing to shift towards essentials in the face of high interest rates.

US Fed begins two-day meeting set to end with rate cut

The US Federal Reserve began a two-day interest rate discussion on Tuesday that is all-but-certain to end with its first cut since March 2020, as inflation continues to ease.

Sean 'Diddy' Combs to plead not guilty to racketeering, sex trafficking

Sean "Diddy" Combs will plead not guilty on Tuesday to racketeering and sex trafficking charges, his lawyer said ahead of a court appearance by the superstar rapper.

'I am a rapist,' Frenchman tells trial over mass rape of wife

"I am a rapist," said a Frenchman accused of drugging his wife so that he and dozens of strangers could sexually assault her, his first testimony in a trial that has horrified France.

Coin Press - Economy (English)