Coin Press - Economy

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Featured

Dockers end three-day strike at Montreal port

Dockworkers at the port in Montreal, the second-largest in Canada, ended a partial three-day strike as scheduled on Thursday, officials confirmed, with both sides summoned to mediation.

Israel-Hamas war causes 86-percent dive in Gaza GDP: IMF

A year of conflict between Israel and Hamas has resulted in a "devastating impact on the economy" in the occupied West Bank and Gaza, the IMF said Thursday, including a nearly 90 percent drop in Gaza's GDP.

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China banks vow to repay more customers after protests

Chinese regulators have promised to repay more victims of one of the country's biggest-ever banking scandals, after hundreds of thousands of customers were left without access to funds, triggering rare mass protests.

Asian markets track Wall St higher on easing recession fears

Stocks rose in Asia on Monday following a rally on Wall Street in response to data indicating US consumers remained resilient to surging inflation and higher interest rates, easing concerns about a possible recession.

Long lines in New York for monkeypox vaccine

On a hot Sunday afternoon in New York, the epicenter of the US monkeypox outbreak, a long line of men aged 20 to 40 wait for a vaccine to protect themselves and their loved ones against the virus.

'Thor' rules again at North American box office

Marvel's latest superhero flick "Thor: Love and Thunder" pounded opponents for a second straight week to top the North American box office with an estimated $46 million haul, industry watcher Exhibitor Relations reported Sunday.

Protesters in Panama leave part of key highway

Panama's government and indigenous leaders reached a deal Sunday to clear demonstrators from part of the Panamerican Highway in exchange for lower fuel prices, but other stretches of the strategic route remained blocked by protesters demanding more concessions.

All eight crew killed in cargo plane crash in Greece

All eight crew members of a cargo plane that crashed near the Greek city of Kavala died in the accident, Serbia's defence minister said on Sunday.

Sri Lanka protest movement reaches 100 days

Sri Lanka's protest movement reached its 100th day Sunday having forced one president from office and now turning its sights on his successor as the country's economic crisis continues.

What's next for the euro after slump against dollar?

The euro's plunge against the dollar, triggered by the Ukraine war and mounting risks to the EU economy, has driven the two currencies to parity for the first time in two decades.

G20 finance talks overshadowed by Ukraine end without joint communique

A two-day meeting of finance ministers from the Group of 20 major economies ended Saturday in Indonesia without a joint communique after Russia's war in Ukraine divided the global forum.

G20 finance talks to end without joint communique: officials

A two-day meeting of G20 finance ministers in Indonesia is expected to end Saturday without a joint communique, two officials said, after Russia's war in Ukraine overshadowed proceedings.

Russia accused of shelling from captured Ukraine nuclear plant

Russia is using Europe's largest nuclear power plant as a base to store weapons including "missile systems" and shell the surrounding areas in Ukraine, an official with Kyiv's nuclear agency said Friday, while nearly the entire country was placed on air raid alert.

GSK spin-off to create consumer healthcare giant

British drugs giant GlaxoSmithKline on Monday demerges its newly-named consumer healthcare unit Haleon, resulting in what is set to be London's largest new stock market listing in more than a decade.

Biden to talk oil at Arab summit concluding Middle East tour

US President Joe Biden is set to discuss volatile oil prices during a summit with Arab leaders on Saturday in Saudi Arabia, the final stop of his Middle East tour.

Elon Musk asks to delay start of Twitter court battle

Tesla chief Elon Musk asked a Delaware court Friday to reject a bid by Twitter to put their $44 billion merger lawsuit on trial in September, instead asking to push it back until next year.

Elon Musk asks court to delay start of Twitter court battle

Tesla chief Elon Musk asked a Delaware court Friday to reject a bid by Twitter to put their $44 billion merger lawsuit on trial in September, instead asking to push it back until next year.

Highway blocked as Panama protests persist

Large trucks and banner-waving demonstrators blocked the Panamerican Highway and other roads in Panama on Friday as two weeks of revolt against high prices and corruption showed no signs of abating.

US struggles to meet monkeypox vaccine demand

The United States, which is forecasting an increase in monkeypox cases in the coming weeks, does not currently have enough vaccines to meet demand, a top health official said Friday.

Smiling and carefree: little Ukrainian girl's last moments

A happy, spirited four-year-old beams proudly as she pushes her own pram in a video recorded by her mother to chronicle their day out together in central Ukraine.

Citigroup results boosted by trading, higher interest rates

Citigroup reported better-than-expected results Friday following a strong performance in trading, as executives described US consumption as healthy despite rising inflation.

US retail sales zoom higher in June despite high prices

US retail sales shot up one percent in June amid the ongoing surge in prices, according to new data Friday that spelled more bad news for the Federal Reserve as it struggles to rein in rampant inflation.

Stocks rise as US consumers keep spending

Stocks rose Friday after the latest data showed that US consumers continue to spend more in the latest signal of the strength of the economy despite high inflation and rising interest rates.

Ukraine enlists public in push for high-tech 'Army of Drones'

In an undulating expanse of grassland at the city limits, a pick-up truck kicks up dust as it hurtles downhill, its passengers belting out the theme to 1980s hit comedy "Police Academy".

Biden takes off on historic flight to Saudi Arabia

President Joe Biden departed Tel Aviv on Friday aboard a historic direct flight from Israel to Saudi Arabia, the latest stop on his first Middle East tour as US leader.

In West Bank, Biden says Palestinians need to see 'political horizon'

US President Joe Biden said during a trip to the occupied West Bank on Friday that Palestinians need to see a path towards statehood, even if hopes for a peace process with Israel remain bleak.

Western nations condemn Russia over Ukraine at G20 Indonesia talks

Western finance chiefs condemned Moscow's invasion of Ukraine at G20 talks in Indonesia Friday, accusing Russia of sending a "shockwave" through the world economy and its technocrats of complicity in the war's alleged atrocities.

Europe stocks rise before US earnings

European equities rose Friday as traders awaited the latest US bank results at the end of yet another volatile week for markets.

Search operations continue after deadly Russian strikes on Ukraine's Vinnytsia

Ukrainian rescuers on Friday continued search operations in the central city of Vinnytsia, where Russian strikes killed at least 23 people, including children.

Biden meets Palestinian leader ahead of Saudi visit

US President Joe Biden met Palestinian leader Mahmud Abbas in the occupied West Bank on Friday for talks expected to focus on economic measures without striking any major diplomatic breakthrough.

US, Canada condemn Russia's war on Ukraine at Indonesia G20 talks

Western finance ministers condemned Moscow's invasion of Ukraine at G20 talks in Indonesia Friday, accusing Russian officials of complicity in atrocities committed during the war.

UK owes apology for 'grave wrong' of forced adoptions: inquiry

Britain should formally apologise to unmarried mothers who were forced to give up their babies for adoption, according to an official report Friday that gave harrowing detail of the anguish suffered by the women.

China growth falls to two-year low on Covid, property woes

China logged its slowest economic growth since the initial Covid outbreak Friday, expanding just 0.4 percent in the second quarter with lockdowns and property market weakness pushing the government's target further out of reach.

China growth at two-year low over Covid, property woes

China logged its slowest economic growth since the initial Covid outbreak, official data showed Friday, expanding just 0.4 percent in the second quarter with lockdowns and property market weakness nudging a government target further out of reach.

Sri Lankans await formal resignation after president flees

Sri Lankans waited Friday for a formal announcement confirming their president had resigned after he fled to Singapore to escape anti-government protests triggered by his country's dire economic crisis.

China growth slumps to 0.4% in second quarter: official

China's economy grew just 0.4 percent in the second quarter, a two-year low, official data showed Friday, with Covid lockdowns and an embattled property market nudging a government target further out of reach.

Airlines' fragile recovery from Covid

Airlines are recovering from huge Covid fallout but face fresh turbulence from rocketing inflation while airports battle to cope with booming demand.

Aviation buzzing for return of Farnborough airshow

Aviation's biggest players descend on the renowned Farnborough airshow next week, buoyed by the travel sector's nascent recovery from the Covid pandemic and as Russia's invasion of Ukraine boosts defence spending.

Omanyala heads to world athletics as organisers cope with US visa issues

Africa's fastest man Ferdinand Omanyala on Thursday secured a last-minute visa to travel to the United States for the World Athletics Championships although he will have to start his 100m campaign just hours after arriving.

Mexican sex workers fight injustice with the pen

Paloma Paz puts on a wig and pink heels before heading onto Mexico City's streets for sex work -- a precarious profession that she combines with journalism to decry injustices.

No bed of roses for Ecuador's flower industry

The pandemic, the war on Ukraine, and more than two weeks of ruinous protests over soaring living costs -- Ecuador's flower industry has recently had to surmount one obstacle after another.

Coin Press - Economy (English)