Coin Press - Economy

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Markets mixed 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.

Law and disorder as Thai police station comes under monkey attack

Police in central Thailand said they barricaded themselves into their own station over the weekend, after a menacing mob of 200 escaped monkeys ran riot on the town.

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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.

'Shouted his name': Channel tragedy survivor hopes friend made it

Khames made it out alive when the overcrowded vessel he was on capsized in the English Channel, but the migrant from Egypt has no idea whether the childhood friend he was travelling with also managed to survive.

Charges against Sean 'Diddy' Combs to be revealed following arrest

Details of the charges against superstar rapper Sean "Diddy" Combs are expected to be revealed Tuesday, the US attorney for the Southern District of New York said following the music mogul's arrest in Manhattan.

Young Equatorial Guineans yearn for the American dream

Tiny but oil-rich Equatorial Guinea long escaped the youth exodus plaguing other African nations, but a decade of economic decline and rising unemployment has left many eager to leave.

Coal phase-out fuels far right in rural eastern Germany

White clouds still billow from the cooling towers of a coal plant near Spremberg in Germany's ex-communist east but the end is in sight as Berlin phases out the dirty fossil fuel.

More than 95,000 Japanese aged over 100, most of them women

The number of people in Japan aged 100 or older has hit a record high of more than 95,000 -- almost 90 percent of them women -- government data showed Tuesday.

Meta bans Russian state media outlets for 'interference'

Meta late Monday said it is banning Russian state media outlets from its apps around the world due to "foreign interference activity."

Most Asian markets up ahead of Fed but Tokyo hit by strong yen

Most Asian markets rose Tuesday but Tokyo sank more than one percent as exporters were hit by a stronger yen with traders gearing up for a bumper US interest rate cut and a key Japanese central bank meeting.

Chinese appliance maker Midea soars in Hong Kong after US$4 bn IPO

Shares in Chinese electronic appliance maker Midea surged more than nine percent on its Hong Kong debut Tuesday, having raised around US$4 billion in the city's biggest initial public offering for more than three years.

Boeing, union to resume talks as strike quiets Seattle plants

Negotiators from Boeing and the machinists union are scheduled to resume talks Tuesday after some 33,000 workers went on strike late last week.

Intel delays Germany, Poland chip factories for two years

Chip-making giant Intel on Monday said it was delaying its plans to build two mega chip-making factories in Germany and Poland as the company faces lower demand than anticipated.

Murdoch media empire succession drama plays out in US tribunal

A US tribunal began picking over the bitter spat between media magnate Rupert Murdoch and his children Monday in a case that could determine the fate of his empire, including the influential right-wing Fox News.

Top Biden aide says US economy at 'turning point'

The US economy is at an "important turning point," the top economic advisor to President Joe Biden said Monday, calling for safeguards to be put in place to protect gains made in the labor market, ahead of a key Federal Reserve interest rate decision.

Stock markets mixed before Fed decision

US and European stock markets were mixed on Monday as investors traded cautiously ahead of the US Federal Reserve's first interest-rate cut since 2020.

Titanic shipbuilder sinks back into trouble

Iconic shipbuilder Harland and Wolff, famed for constructing the doomed Titanic, said Monday it faced renewed financial difficulties, forcing it to offload non-core assets to preserve its shipyards.

Thierry Breton: France's bulldozer at the EU crashes out

France's Thierry Breton became one of the European Union's most prominent faces in Brussels, gaining the reputation of a disrupter as he clashed with tech giants -- and even his own boss.

Europe's EV troubles bubble up at Brussels Audi factory

Outside an Audi factory in Brussels described by the German carmaker as the "cradle" of its electric drive, around 200 picketing workers huddled around a bonfire in the morning drizzle.

Germany expands border controls to curb migrant arrivals

Germany will from Monday expand border controls to the frontiers with all nine of its neighbours to stop irregular migrants in a move that has sparked protests from other EU members.

'Easy, convenient, cheap': how single-use plastic rules the world

Each year the world produces around 400 million tonnes of plastic waste, much of it discarded after just a few minutes of use.

Asian markets wobble ahead of Fed as China fears dent sentiment

Asian investors trod cautiously Monday as they struggled to build on recent equity gains, with debate swirling around how big an expected US interest rate cut will be this week, while sentiment was being dragged by worries about the Chinese economy.

Plastics: navigating the maze of dizzying acronyms

Plastics are all around us -- from food packaging and drinking bottles to the insulation in our homes.

Union says talks with Boeing to resume Tuesday

Talks between Boeing and striking US factory workers will resume Tuesday under a federal mediator, the union said, after workers voted overwhelmingly to reject a proposal from the embattled aviation giant.

Deal with pilots averts strike at Air Canada

Flagship carrier Air Canada said Sunday it has reached a last-minute tentative deal with its pilots, averting a crippling strike that would have grounded flights and risked devastating the economy.

Eight migrants die in Channel crossing attempt

Eight migrants died early Sunday when their overcrowded vessel capsized while trying to cross the Channel from France to England, French authorities said, less than two weeks after the deadliest such disaster this year.

Iran two years after Mahsa Amini: persecution and defiance

Persecution of bereaved relatives. Impunity for perpetrators. Rampant executions and infighting among the opposition.

Why have Mexico's judicial reforms upset investors?

President Andres Manuel Lopez Obrador's controversial judicial reforms making Mexico the world's only country to elect all its judges by popular vote have spooked financial markets and investors.

Peru bids farewell to polarizing ex-president Fujimori

The state funeral of Peru's divisive ex-president Alberto Fujimori, a major figure in Latin American politics, began Saturday in Lima, capping three days of national mourning.

Boeing and striking workers to resume negotiations 'next week'

Talks between Boeing and striking US factory workers are due to resume early next week under a federal mediator, the government said Friday, after workers voted overwhelmingly to reject an earlier proposal from the embattled aviation giant.

Trump sharpens anti-migrant attacks as both candidates visit key states

Donald Trump doubled down Friday on his anti-migrant attacks despite facing criticism for amplifying a conspiracy theory targeting Haitian immigrants, as he and election rival Kamala Harris took their presidential campaigns to swing states on opposite sides of the United States.

Celebrated ballerina Michaela DePrince dead at 29

Michaela DePrince, 29, who was orphaned during Sierra Leone's civil war before moving to the United States and defying the odds to become a celebrated ballerina, has died, according to posts on her social media Friday.

Boeing 'ran out of time' on Starliner: astronaut stuck on ISS

A US astronaut stuck on the International Space Station said Friday he believed Boeing's Starliner could have carried him home, if more time had been available to work through the beleaguered spacecraft's issues.

Coin Press - Economy (English)