Coin Press - Economy

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Featured

Facing backlash, EU moves to delay deforestation rules

The European Commission on Wednesday proposed to delay by a year a ban on imports of products driving deforestation that has faced pushback from countries around the world.

US private sector adds more jobs than expected in September: ADP

US private sector hiring picked up in September, with employers adding more jobs than anticipated, according to data released Wednesday by payroll firm ADP.

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Rolex worn during WWII 'Great Escape' sells for $189,000 in New York

A Rolex watch worn by a British prisoner during the real-life "Great Escape" from the Nazi Stalag Luft III prisoner-of-war camp sold for $189,000 on Thursday in New York.

Styrofoam-munching superworms could hold key to plastic upcycling

Packing material, disposable cutlery, CD cases: Polystyrene is among the most common forms of plastic, but recycling it isn't easy and the vast majority ends up in landfills or finds its way to the oceans where it threatens marine life.

US expands safety probe into Tesla Autopilot

US regulators expanded a probe into Tesla's "Autopilot" system, moving the investigation closer to a potential recall of a controversial feature in Elon Musk's electric vehicles.

Xbox expands cloud gaming service to Samsung smart TVs

Microsoft on Thursday announced that the ability to play Xbox games will be built into Samsung smart televisions in its latest cloud gaming move.

France probes alleged nuclear power cover-up: source

French prosecutors are investigating claims that officials at a nuclear power station covered up incidents of malfunction at an ageing plant, a source close to the probe told AFP on Thursday.

Sandberg exit unlikely to improve Facebook: whistleblower

The departure of controversial Facebook executive Sheryl Sandberg is unlikely to improve the troubled social media giant, whistleblower Frances Haugen told AFP.

Italy's Draghi says EU should cushion energy inflation blow

Italian Prime Minister Mario Draghi on Thursday suggested an EU-wide scheme to protect citizens from higher energy costs resulting from Russia's invasion of Ukraine.

Asian, European markets hit as inflation fears ramp up

Most Asian and European markets fell Thursday as a rally in oil ramped up inflation fears, with top officials warning of more pain to come as the Ukraine war continues to push prices up and put further pressure on the global economy.

Dying children reflect brutal toll of Somalia drought

Arbay Mahad Qasim has already lost two children to a vicious drought, and now the Somali villager fears she could lose a third as her malnourished toddler Ifrah awaits treatment in a Mogadishu hospital.

Slash airline emissions to meet Paris targets: report

The world needs "early, aggressive and sustained" government intervention to cut aviation emissions if Paris Agreement temperature goals are to be met, a think tank said Thursday.

Asian markets drop as oil rises and inflation fears ramp up

Asian markets fell Thursday as a rally in oil ramped up inflation fears, with top officials warning of more pain to come as the Ukraine war continues to push prices up and put further pressure on the global economy.

With inflation on rise, ECB readies tougher action

The European Central Bank is set to announce the end date to its bond-buying stimulus on Thursday, as concerns over the accelerating pace of inflation in the eurozone grip policymakers.

Tackling gender violence at Quito's 'Men's Club'

In a hall in the Ecuadoran capital, a group of men raise their arms up high, draw a deep breath, and release it in tandem with a resounding "aaah!"

W.House expects May inflation to be 'elevated'

The White House said Wednesday it expects US inflation was still "elevated" in May despite guarded hopes a key data report due for release later this week will show price increases had cooled.

'Historic setback' for Brazil as hunger surges

The number of people living in hunger in Brazil has surged 73 percent in the past two years, a "historic setback" for a country that had made huge gains against poverty, a report said Wednesday.

US regulator favors revamp of stock market trading system

Citing equity market trading defects revealed in last year's GameStop saga, a top US securities regulator on Wednesday endorsed a broad revamp of the stock market trading system.

Calls mount for Brazil to find missing reporter, expert

Pressure mounted Wednesday on Brazil's government to redouble efforts to find a British journalist and Brazilian indigenous expert missing in the Amazon, as the search entered its fourth day and a suspect was reportedly detained.

Amazon's indigenous leaders make plea at Americas summit

The custodians of the primal forests that stretch across eight Latin American countries said national leaders gathering in Los Angeles this week had to listen to them if they wanted to save the Amazon.

Dutch clubs to deploy 'smart technology' to fight fan racism

Three top Dutch football clubs are taking part in pilot projects using smart technology including artificial intelligence to identify and fight racist behaviour by fans, the country's football federation announced Wednesday.

Stocks lower as recession fears weigh on sentiment

Stock markets were lower on Wednesday as investors weighed the prospect of recession while inflation soars around the world.

No progress at Russia-Turkey talks on Ukraine grain exports

Russia and Turkey made little headway on Wednesday in talks aimed at securing safe passage for Ukrainian grain exports, as a Russian sea blockade triggered new warnings of deadly famine.

French far-right clash in Riviera region ahead of polls

France's Mediterranean region, home to the Cannes Film Festival and palm-lined beaches that entice tourists from around the world, is seeing a ferocious battle between far-right factions for parliamentary polls this month with immigration the most contentious issue.

Zara owner Inditex profits up despite Ukraine war

Global clothing giant Inditex, which owns Zara, posted Wednesday a surge in its first-quarter profits despite closing its stores in Russia after its invasion of Ukraine.

At least 17 killed in train derailment in central Iran

At least 17 people were killed and dozens injured Wednesday when a train derailed near the central Iranian city of Tabas after hitting an excavator, state media reported.

MeToo film movement shifts from rhetoric to action

As the MeToo movement evolves, the film industry is seeking practical ways to ensure its opposition to harassment and abuse is translated into tangible improvements.

World Bank slashes China growth forecast over Covid damage

The World Bank has sharply slashed its annual growth forecast for China, warning in a report Wednesday that Covid disruptions could further slow recovery in the world's second-largest economy.

India hikes interest rates 50 basis points to fight inflation

India's central bank on Wednesday hiked rates for a second time, as Asia's third-largest economy reels from galloping inflation in the wake of the Ukraine war.

Thai railway market back on track post-pandemic

A train bell rouses a Thai grandmother dozing in her fruit and flower stall, sending her rushing to fold in her awning before the locomotive slowly rumbles past, so close it almost touches her wares.

Out of the frying pan: Indonesians pay price of cooking oil crisis

About three weeks after Russian troops invaded Ukraine, Indonesian housewife Liesye Setiana was forced to close her banana chip business as cooking oil supplies dried up across the country.

Helium shortage deflates American celebrations

Helium balloons are part of nearly every American celebration, but a global shortage of the lighter-than-air gas has disrupted many traditions.

US stocks shrug off dreary World Bank outlook, yen tumbles

Wall Street stocks finished a roller-coaster session higher Tuesday, while the yen touched a fresh 20-year low against the dollar in anticipation of more US monetary tightening.

Stocks lower as World Bank slashes global growth forecast

Major stock markets fell Tuesday as investors fretted over central bank moves to rein in inflation and the World Bank cut its global economic growth forecast following Russia's invasion of Ukraine.

Horsemeat traffickers on trial in France in new industry scandal

Eighteen people went on trial in France on Tuesday accused of running a Europe-wide giant horsemeat trading network involving produce not cleared for human consumption.

Starck unveils new Dior chair, predicts end of design

Philippe Starck made his name making everyday objects extraordinary, but the French designer and architect believes the "dematerialisation" of modern life will soon make such talents redundant.

European stock market plans tech-only index

Europe's biggest stock exchange on Tuesday set out its plan for an index focused on tech firms to boost a sector that has long lagged behind US competitors.

Australian KFC patrons clucking mad over lettuce-cabbage switch

Fried chicken chain KFC said Tuesday that high lettuce prices in Australia have forced it to switch to a cabbage mix in burgers and other products, prompting customers to complain the result is less than "finger lickin' good".

Asian markets mixed as rate hike woes offset China tech hopes

Asian markets struggled Tuesday on long-running worries over surging inflation and rising interest rates, which overshadowed hopes that China would ease off its regulatory drive against the country's beleaguered tech giants.

Death of three sisters spotlights India dowry violence

Before the three sisters and their children were found dead in a well, they left a message blaming the family they had married into.

Contact made in case of two German girls missing in Paraguay

The mother of a 10-year-old girl and the father of an 11-year-old girl have made contact with their daughters who last year were brought from Germany to Paraguay without their consent, the parents' lawyer said Monday.

Coin Press - Economy (English)