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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Women's hockey struggling in Canada

In Canada, hockey is king but there are few queens. In many regions, women's teams do not exist and there is no women's professional league. But many are fighting to change that.

Apple unveils message recall, other 'wish list' features

Apple opened Monday its first in-person developers conference since the onset of the pandemic with chips, maps and a way to delete precipitously sent messages, but was mum on any virtual reality offerings.

Blinken says reports of Russia stealing Ukraine grain 'credible'

US Secretary of State Antony Blinken gave support Monday to reports that Russia has stolen grain from Ukraine for resale, even as Moscow blocks the country from exporting its own corn.

Musk accuses Twitter of withholding data, says may withdraw bid

Elon Musk threatened Monday to withdraw his bid to buy Twitter, accusing it of failing to provide data on fake accounts, in the latest twist in the Tesla billionaire's push to acquire the social network.

Lebanon asks for US mediation after Israel gas ship move

Lebanon on Monday called for US mediation after Israel moved a gas production vessel into an offshore field, a part of which is claimed by Beirut.

Stocks, oil prices rise on China boost

Global stock markets and oil prices advanced Monday, helped by an easing of Covid lockdowns in the world's second biggest economy China.

Markets mixed as US jobs data give Fed room to hike rates

Equity markets were mixed Monday following losses on Wall Street as a forecast-topping US jobs report gave the Federal Reserve room to continue hiking interest rates, while there was some cheer in China as leaders eased Covid curbs.

Asian markets mixed as US jobs data give Fed room to hike rates

Asian markets were mixed Monday following a steep drop on Wall Street in response to a forecast-topping US jobs report that gave the Federal Reserve room to continue hiking interest rates as it struggles to contain surging inflation.

ECB to end stimulus in prelude to rate hikes

The European Central Bank is set to draw a line under its massive bond-buying stimulus programme at a meeting in Amsterdam on Thursday, as inflation in the eurozone soars to all-time highs.

Bangladesh port depot fire kills 49, injures 300

At least 49 people died and hundreds were injured after a fire sparked a huge chemical explosion at a shipping container depot in Bangladesh, officials said on Sunday.

Managing inventories a pandemic headache for US businesses

More than two years into the Covid-19 pandemic, American businesses are still struggling to manage their inventories in a feast-or-famine cycle caused by fickle consumer demand.

Underground abortion group in spotlight, 50 years on

Heather Booth was a student in Chicago in 1965 when she received a call from a friend in need. His sister, he said, was pregnant but not ready to have a child. She was "nearly suicidal."

Shoot 'em up video game a refuge for war-scarred Afghans

The crackle of gunfire. A gasp of a stranger. Explosions rumbling in the distance. In the Afghan capital of Kabul, such sounds would normally prompt panic.

Bezos's Blue Origin makes 5th crewed flight into space

Jeff Bezos's company Blue Origin flew six tourists into space for a 10-minute ride Saturday, successfully carrying out its fifth crewed mission.

Bosphorus sea trade unaffected by Ukraine war, sanctions

At the gates of the Black Sea, trade is in full swing as freighters and oil tankers sail from the heart of Istanbul to Russian and Ukrainian ports.

Spain eyes crackdown on video game 'loot boxes'

Spain's government will within days present a draft bill to regulate video game "loot boxes" for which users must pay, a minister said Friday, warning of the addiction risks for youngsters.

Stock markets fall after US jobs report

Stock markets mostly fell on Friday after US government data showed employers added jobs at a better-than-expected pace last month, raising the prospect that the Federal Reserve will continue its aggressive monetary tightening.

US continues to add jobs as wage gains slow

US job gains continued in May but at a slower pace, and rapid wage gains cooled as well, a welcome sign for US policymakers trying to ease red-hot inflation.

Tesla shares fall following report of possible layoffs

Tesla shares fell early Friday following a report that chief executive Elon Musk wants to trim headcount due to the uncertain economic outlook.

UN in 'complex' talks with Russia to unblock Ukraine ports

The UN said Friday it is leading intense negotiations with Russia to unblock Ukrainian ports and release tens of millions of tonnes of grain to avert a global food crisis.

Train crash kills at least three near German resort

At least three people were killed and several others injured on Friday as a train derailed near a Bavarian Alpine resort in southern Germany, a region gearing up to host the G7 summit in late June.

At least three dead as train derails near German resort

At least three people were killed and several others injured on Friday as a train derailed near a Bavarian Alpine resort in southern Germany, police said.

Global plastic use and waste on track to triple by 2060

A world severely blighted by plastic pollution is on track to see the use of plastics nearly triple in less than four decades, according to findings released Friday.

Global plastic waste on track to triple by 2060

A world severely blighted by plastic pollution is on track to see the use of plastics nearly triple in less than four decades, according to findings released Friday.

Depp-Heard trial's impact 'potentially catastrophic' for abuse survivors

The acrid US defamation trial between actors Johnny Depp and Amber Heard -- and the decision to televise it -- will have a "potentially catastrophic" impact on abuse survivors, advocates say.

10 years after 'Gangnam Style', Psy is happier than ever

Ten years after "Gangnam Style" became a global phenomenon, South Korean rapper Psy is living his best life –- proud of his "greatest trophy" and free from the pressure of repeating that unprecedented success.

Ecuadoran frogs Rocket and Harlequin taking on mining industry

On the banks of a crystalline waterfall, biologist Andrea Teran lets out a yelp.

Oil price rises even as OPEC boosts output more than expected

Oil prices rose Thursday despite an agreement by major crude producers to boost output more than expected, while US stocks rallied ahead of closely-watched employment data seen as a key input to the inflation debate.

US sues cryptocurrency exchange run by Winklevoss twins

US regulators on Thursday said they are suing the Gemini Trust cryptocurrency exchange, which is run by Cameron and Tyler Winklevoss, for giving misleading answers in 2017 about a bitcoin project.

NFT market sees first insider trading case in US

US authorities have charged a former manager at a digital exchange platform with fraud and money laundering, in what they said was the first insider trading case involving non-fungible tokens, or NFTs.

Oil price rises as OPEC backs higher output

Oil prices rose Thursday even as major crude producers agreed to boost output by more than the usual amount following an EU ban on Russian imports.

Cambridge kids step out at first Trooping the Colour

Don't upstage the queen is the unwritten rule at royal occasions. Four-year-old Prince Louis of Cambridge might not have got the memo.

OPEC backs bigger output boost amid Russian isolation

Major oil producers led by Saudi Arabia and Russia on Thursday decided to open taps wider than expected amid soaring prices and hard on the heels of an EU ban on Russian oil imports.

Eurozone markets rise as oil prices fall on production increase reports

Eurozone markets rose Thursday as oil prices fell on reports of an increase in output to make up for a Russian shortfall.

Amazon to close Kindle e-bookstore in China

US tech giant Amazon said Thursday that it will stop operating its Kindle e-bookstore in China from next year, closing the chapter on a massive consumer market.

Gunman kills four at Tulsa hospital in US mass shooting: police

A gunman has killed at least four people at a hospital building in Tulsa, Oklahoma, police said -- the latest in a string of mass shootings across the United States in recent weeks.

China to double wind, solar energy capacity by 2025

China aims to double its wind and solar capacity by 2025, according to a new road map that also allows for more coal-fired power plants to bolster energy security.

Italy's 'Motor Valley' proves fertile ground for supercars

If Tuscany has Chianti, the Italian region of Emilia-Romagna has "Motor Valley", an area that boasts one of the highest concentrations of luxury sports cars and motorbikes in the world.

US equity firm takes stake in New Zealand's All Blacks

US private equity firm Silver Lake secured a NZ$200 million (US$134 million) stake in the famed All Blacks Thursday, after New Zealand Rugby overwhelmingly endorsed a contentious deal after years of wrangling.

Coin Press - Economy (English)