Coin Press - Economy

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Featured

Oil prices jump, stocks fall on Middle East tensions

Oil prices surged and major stock markets mostly retreated Thursday as investors reacted to fears of widening conflict in the Middle East.

Biden says 'discussing' possible Israeli strikes on Iran oil facilities

President Joe Biden said he was discussing possible Israeli strikes on Iranian oil facilities, in comments that sent oil prices spiking Thursday just a month before the US presidential election.

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Euro drops to dollar parity as eurozone recession fears mount

The euro struck parity with the dollar for the first time in nearly 20 years on Tuesday as a cut in Russian gas supplies to Europe heightened fears of a recession in the eurozone.

Panama government reduces fuel prices in face of protests

Panama's president announced a reduction in gasoline prices and freezing of rates for several other essential products Monday in the face of continuing protests against inflation and corruption.

Apple's self-driving car effort stuck in low gear: report

Apple's quest to produce a viable self-driving car remains stalled despite years of work, with its team plagued by setbacks as rivals race ahead, The Information tech news website reported Monday.

Elderly Indonesian culinary legend's sweet treats stand the test of time

As the morning twilight approaches in an Indonesian city famed for its street food scene, a queue of sleepy customers snakes its way along the road in anticipation of a local culinary legend.

Global stocks mostly fall ahead of key US inflation data

Global stock markets mostly fell Monday as investors digested fresh Covid-19 restrictions in China and braced for a key US inflation report, while the dollar strengthened against other currencies.

Twitter stock sinks as Musk mocks lawsuit threat

Twitter shares plunged Monday as Elon Musk issued a mocking, defiant commentary about a looming court battle after he ditched a $44 billion buyout of the social media giant.

Lobbyist Mark MacGann comes out as Uber Files whistleblower

Lobbyist Mark MacGann on Monday came out as the whistleblower who leaked thousands of compromising documents on US ride-hailing firm Uber to British newspaper The Guardian.

Market values are destroying nature: UN report

A major UN report warned Monday that a global economy focused on short-term profit is wrecking the planet and called for a drastically different approach as to how we value nature.

Twitter stock falls as Musk mocks lawsuit threat

Twitter shares tumbled Monday as Elon Musk issued a mocking, defiant commentary about a looming court battle after he ditched a $44 billion buyout of the social media giant.

Argentina will honor economic goals agreed with IMF: new minister

Argentina's new economy minister said Monday the country would honor fiscal deficit goals and other commitments made under a deal struck with the IMF to refinance a debt of some $44 billion.

China lockdown fears hit equities, oil prices

Stock markets and oil prices slid Monday with a fresh Covid flare-up in Shanghai fanning fears of another painful lockdown in China's biggest city.

Sri Lanka president near airport as exile rumours spread

Sri Lanka's embattled president was flown to an airbase near the main international airport Monday, officials said, raising speculation he will flee into exile abroad.

STMicro and GlobalFoundries plan 5.7 bn euro French factory

French-Italian chipmaker STMicroelectronics and US-based GlobalFoundries will plough 5.7 billion euros ($5.8 billion) into a new semiconductor factory in France, the firms and President Emmanuel Macron's office said Monday.

China lockdown worries hit Asian equities, crude prices

Asian markets and oil prices fell Monday with a fresh Covid flare-up in Shanghai fanning fears of another economically painful lockdown in China's biggest city.

China detains alleged bank fraud 'gang' after rare mass protests

Members of a "criminal gang" accused of taking control of local banks have been arrested in central China after rare protests over alleged financial corruption sparked violent clashes between customers and authorities.

Austria and Hungary fight nature to stop lake vanishing

Kitesurfers and windsurfers dot picturesque Lake Neusiedl on the Austrian-Hungarian border –- but the water is so low some get stuck in the mud.

Pakistan's prized mango harvest hit by water scarcity

Mango farmers in Pakistan say production of the prized fruit has fallen by up to 40 percent in some areas because of high temperatures and water shortages in a country identified as one of the most vulnerable to climate change.

China lockdown worries hit Asian equity, crude markets

Asian markets and oil prices mostly fell Monday with a fresh Covid flare-up in Shanghai fanning fears of another economically painful lockdown in China's biggest city.

Return to Kyiv by night train

When the train slows to a halt just after the Polish border, Tatiana's smile lights up her moon-shaped face.

'Faceless killer': Syria landmines keep sowing death

Family members from three generations were huddled on the back of a pickup truck for what started as a joyful ride through the Syrian countryside for Abdulaziz al-Oqab and his relatives.

French opposition denounces Uber-Macron 'secret deal'

Opposition deputies on Sunday denounced reports of a secret deal between French President Emmanuel Macron -- when he was a minister under a socialist government -- and online transport giant Uber.

Leaked Uber docs reveal bare-knuckle expansion tactics: investigation

A leaked cache of confidential files from ride-sharing app Uber illustrates ethically dubious and potentially illegal tactics the company used to fuel its frenetic global expansion beginning nearly a decade ago, a joint media investigation showed Sunday.

Sri Lanka protesters won't budge till president leaves office

Sri Lankan protesters refused to budge from President Gotabaya Rajapaksa's residence on Sunday, a day after they stormed his home, forcing him to flee with the navy and announce he would resign.

Laughter, piano at vacant Sri Lanka presidential palace

Sri Lanka's colonial-era presidential palace has embodied state authority for more than 200 years, but on Sunday it was the island's new symbol of "people power" after its occupant fled.

Sri Lanka's president to quit after chased from home

Sri Lankan protesters refused to budge from President Gotabaya Rajapaksa's residence on Sunday after storming his home, forcing him to flee with the navy and to announce his resignation.

War fatigue, Europe inflation hit Ukraine aid response

Ruslana Hrytskiv has helped "dozens, maybe hundreds" of refugees since Russia invaded Ukraine, but her task is getting tougher as war fatigue sets in and Europe battles soaring prices and record inflation.

Levelling up the UK: 'I'll believe it when I see it'

In Redcar, northeast England, the remnants of the nearby Teesside Steelworks are an enduring sign of the town's proud former place at the heart of industrial Britain.

Fixing the UK's wealth divide: flagship policy veers off-track

Every 10 to 20 minutes a train rolls into Bradford's main station. On the platform, the driver then gets out and walks to the other end of the carriages before continuing the journey.

Musk's hyperloop still captivates despite decade of setbacks

A decade ago, Elon Musk proposed a new form of transport that would shoot passengers through vacuum tunnels in levitating pods at almost the speed of sound -- he called it "hyperloop".

Hot water wells in Hungary fuel switch from Russian gas

At plants painted with birds and hedgehogs, hot water from deep underground is being channelled to produce energy and heat for thousands of households in Hungary's third largest city Szeged.

Twitter's future uncertain as it faces messy breakup with Musk

Courted and then jilted by the world's richest person, Twitter looks well positioned to win a court battle with Elon Musk over a $1 billion breakup fee and more -- but the company will not emerge unscathed.

Sri Lanka's president to resign after being chased from home

Sri Lanka's President Gotabaya Rajapaksa announced his resignation on Saturday, hours after a crowd of angry protesters chased him from his residence, as months of frustration brought on by an unprecedented economic crisis boiled over.

Jabeur still Tunisia's pride despite Wimbledon loss

Hailing her as the "nation's pride" and "ambassador of happiness", Tunisians remained enthralled with tennis star Ons Jabeur Saturday, celebrating her presence in the prestigious Wimbledon final despite her loss.

Sri Lanka protesters set prime minister's home alight, president flees

Sri Lankan protesters set the prime minister's private home on fire, hours after chasing the president from his residence, as months of frustration over an unprecedented economic crisis boiled over on Saturday.

Mexican ex-president linked to brutal repression dead at 100

Former Mexican president Luis Echeverria Alvarez, known for brutal repression of political opponents, has died at the age of 100, the government said Saturday.

UK to investigate Jabeur family lack of Wimbledon visas

Britain's embassy in Tunisia said it will investigate after Ons Jabeur told the BBC website that fami1y members did not have visas to watch her play in the Wimbledon final on Saturday.

Macau closes casinos, most businesses as Covid outbreak worsens

Macau on Saturday announced a weeklong shutdown of its casinos and non-essential businesses as the Chinese gambling hub confronted its worst coronavirus outbreak yet.

Sri Lanka leader flees as protesters storm home

Sri Lanka's President Gotabaya Rajapaksa fled his official residence on Saturday shortly before protesters, angered by an unprecedented economic crisis, stormed and overran the compound.

Elon Musk: smasher of elites or self-serving pragmatist?

He has scorned organized labor, mocked political correctness and espoused small government -- so conservatives may be disappointed that he wants to pull out of his deal to buy Twitter.

Coin Press - Economy (English)