Coin Press - Economy

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Stocks, dollar hesitant as traders eye US rate outlook, Nvidia

Stock markets were mixed from Asia to the United States on Monday as cautious traders reassessed the outlook for interest rates ahead of Donald Trump's return to the White House, with policies that could reignite inflation after months of cooling prices.

G20 wrestles with wars, climate in run-up to Trump

Chinese President Xi Jinping warned Monday the world faces "a new period of major changes" as G20 leaders met in Brazil two months before Donald Trump returns to the White House.

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Asian markets drop as US jobs data stoke recession fears

Asian markets retreated Monday after another batch of worse-than-expected US jobs data revived fears of a possible recession in the world's top economy.

Wu-Tang Clan perform at New York Fashion Week's Tommy Hilfiger show

Members of the US hip-hop group Wu-Tang Clan lit up New York Fashion Week on Sunday, closing the Tommy Hilfiger show with an electrifying performance aboard a ferry.

ECB to deliver fresh rate cut as inflation cools

The European Central Bank is expected to cut interest rates again this week as inflation drifts back down towards its two-percent target, but policymakers will likely stay tight-lipped on future moves.

China consumer prices edge up to six-month high in August

Chinese consumer inflation ticked up slightly in August to a six-month high, official data showed Monday, but the reading missed expectations and did little to soothe worries about sluggish spending in the world's number two economy.

Kenya starts DNA testing to identify school fire victims

DNA testing was due to begin in Kenya on Monday to help identify the boys who lost their lives in a deadly school dormitory blaze last week.

US takes on Google's ad tech empire in antitrust trial

Google faces its second major antitrust trial in less than a year on Monday, with the US government accusing the tech giant of dominating online advertising and stifling competition.

Boeing, union reach preliminary deal to avert Seattle-area strike

Boeing has agreed on a preliminary new contract with union leaders that includes a hefty wage hike that would avert a strike in the Seattle region, the two sides announced Sunday.

Child abuse scandals hang over pope's East Timor visit

When Pope Francis becomes the first pontiff to visit an independent East Timor, he will confront a clergy beset by child abuse scandals that have been largely ignored by the deeply Catholic country's freedom heroes.

Brazil's right rallies against 'censorship' amid X suspension

Urged on by beleaguered ex-president Jair Bolsonaro, tens of thousands of demonstrators from Brazil's political right took to the streets Saturday amid a free speech tussle that has seen social media platform X suspended in the country.

Ireland and UK to 'reset' relations as Starmer visits Dublin

UK Prime Minister Keir Starmer on Saturday made the first visit by a British leader to Ireland in five years, vowing to "reset" damaged post-Brexit relations between the neighbouring nations.

French tennis player takes legal action over online abuse

French tennis player Alice Tubello has filed a complaint over online abuse from sports bettors following 300 hateful messages she received after a recent defeat, a source close to the case told AFP on Saturday.

The Body Shop rescued from administration after deal

Growth capital firm Aurea on Saturday announced the completion of its acquisition of UK-based cosmetics group The Body Shop, renowned for ethical hair and skin products.

Ireland and UK to 'reset' relations as Starmer begins Dublin visit

UK Prime Minister Keir Starmer on Saturday began the first visit by a British leader to Ireland in five years, vowing to "reset" damaged post-Brexit relations between the two nations.

How a taxi driver in El Salvador got rich with Bitcoin

Napoleon Osorio is proud of being the first taxi driver to have accepted payment in bitcoin in the first country in the world to make the cryptocurrency legal tender: El Salvador.

Brazil's right rallies for 'freedom' after X blow

Led by beleaguered ex-president Jair Bolsonaro, Brazil's political right will rally for "democracy and freedom" Saturday amid a free speech tussle that has seen X, their preferred social platform, suspended in the country.

Debut Oasis album tops UK charts 30 years after original release

"Definitely Maybe", the debut studio album by Oasis, topped the UK charts again on Friday, 30 years after its original release and fresh from the British music legends announcing a reunion tour.

Kenya school dorm fire kills at least 17 boys, 70 missing

At least 17 young boys were killed and 70 missing after a fire ripped through a primary school dormitory in central Kenya, officials said Friday, leaving distraught relatives desperate for news of their loved ones.

US job gains miss expectations in August as labor market cools

US hiring bounced back in August but missed expectations while the jobless rate crept down, government data showed Friday, paving the way towards central bank rate cuts in the coming weeks.

Kenya school dorm fire kills at least 17 children, 70 missing

At least 17 young children were killed and 70 missing after a fire ripped through a primary school dormitory in central Kenya overnight, officials said Friday, leaving relatives desperate for news.

'Tsunami of anti-Semitism' stirs fears of dark days for Jews

Surging anti-Semitism since Hamas's October 7 attack sparked the war in Gaza recalls the run-up to World War II, with fear spreading through Jewish communities worldwide, top European and US envoys warned this week.

Stocks wobble as investors weigh US jobs data

Global stock markets struggled for direction Friday as investors weighed US jobs data that could determine the size of interest rate cuts.

Malaysia Airlines finds 'potential issue' on A350-900 engine

Malaysia Airlines said on Friday it had found a "potential issue" with the engine of an Airbus A350-900 aircraft in its fleet but added that it had been resolved.

Stock markets drop before key US jobs data

European and Asian stock markets fell Friday ahead of highly-anticipated US jobs data that could determine by how much the Federal Reserve will cut interest rates this month.

Kenya school dorm fire kills at least 17 children

At least 17 young children were killed in a fire that ripped through their primary school dormitory in central Kenya overnight, with initial reports Friday indicating it was overcrowded in breach of safety standards.

Eurozone second-quarter economic growth revised down

The eurozone economy's growth in the second quarter this year was slightly smaller than previously estimated after the EU's statistics agency on Friday revised its data.

Puffed up with pride: Japanese 10-year-old passes deadly fish test

A Japanese 10-year-old has become the youngest person authorised to prepare "fugu" pufferfish -- a delicacy that can kill if its poisonous parts are not properly removed.

Stock markets swing as traders prepare for US jobs data

Markets fluctuated Friday as traders positioned themselves ahead of a highly anticipated US jobs report later in the day and after a mixed bag of economic data on the world's top economy.

Father charged along with son, 14, in US school shooting

A 14-year-old boy was charged with shooting four people dead at a US high school, while his father was charged with manslaughter, authorities said Thursday, after the country's latest outburst of gun violence.

7-Eleven owner rejects initial takeover bid from Canadian rival

The Japanese owner of 7-Eleven said Friday it had rejected a takeover bid from Canadian retail giant Alimentation Couche-Tard, saying the proposal "grossly undervalues" the company.

Asian markets swing as traders prepare for US jobs data

Asian markets drifted Friday as traders positioned themselves ahead of a highly anticipated US jobs report later in the day and following a mixed bag of economic data on the world's top economy.

Iraqi date farmers fight drought to protect national treasure

Bare feet pressed against the rough trunk of a palm tree, his back supported by a metal and fabric harness, Ali Abed begins the climb to the dates above.

Japanese 7-Eleven owner says rejected initial takeover offer from Canadian rival

The Japanese owner of 7-Eleven said Friday it had rejected a takeover bid from retail giant Alimentation Couche-Tard, saying the proposal "grossly undervalues" the company.

Coin Press - Economy (English)