Coin Press - Economy

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Featured

Dali prints found in London garage sold at auction

Eleven lithographs signed by the Spanish surrealist Salvador Dali sparked an auction battle on Monday after being stored and forgotten in a London garage for about 50 years.

ECB chief backs bank mergers amid UniCredit, Commerzbank talk

ECB chief Christine Lagarde said Monday that cross-border banking mergers in Europe were "desirable" to boost their competitiveness, despite mounting German opposition to a potential tie-up between Commerzbank and Italy's UniCredit.

Last news

Illegal mining, abuses surge on Brazil indigenous land: report

Illegal gold mining surged by a record amount last year on Brazil's biggest indigenous reservation, said a report published Monday, which carried chilling accounts of abuses by miners, including extorting sex from women and girls.

Musk dodges limits in Twitter board seat refusal: experts

Elon Musk's rejection of a Twitter board seat frees him to buy greater stock sway over his preferred social media platform and dodge obligations to promote its best interests, experts warned Monday.

White House warns of 'extraordinarily elevated' March inflation

The already-high US inflation rate likely climbed even further last month, the White House warned Monday, amid a spike in energy prices caused by Russia's invasion of Ukraine.

Jury selection begins in US defamation case between Johnny Depp, Amber Heard

Jury selection began on Monday in the blockbuster defamation case about allegations of spousal abuse between Hollywood star Johnny Depp and his ex-wife, actress Amber Heard.

Ukraine braces for fall of Mariupol, Russian assault on east

Ukraine steeled itself on Monday for what could be the imminent fall of Mariupol to Russian troops as President Volodymyr Zelensky said he believed "tens of thousands" of people had been killed in Moscow's assault on the strategic southern port city.

Indian software provider TCS sees strong earnings, record orders

India's largest software exporter Tata Consultancy Services reported strong quarterly earnings on Monday as demand for digital services brought in orders worth a record $11.3 billion.

Sharif elected new Pakistan PM after Khan ouster

Pakistan lawmakers on Monday elected Shehbaz Sharif as the country's new prime minister following the weekend ouster of Imran Khan, who resigned his national assembly seat -- along with most of his party members -- ahead of the vote.

Tesla China exports only 60 cars in March as Covid hits auto sector

Tesla exported only 60 China-made cars in March, a trade body said Monday, with the domestic market absorbing most of its production while virus curbs in areas like Shanghai and Jilin hurt deliveries in the auto industry.

Pakistan lawmakers start vote for new PM after Khan ousted

Shehbaz Sharif was set Monday to become Pakistan's new prime minister, but ousted premier Imran Khan and most of his party's lawmakers resigned their seats in the national assembly immediately before voting started.

Paris stocks, euro gain on Macron vote result

The Paris stock market and the euro rose on Monday, with investors soothed by French President Emmanuel Macron's election performance.

Austria leader to meet Putin as Ukraine braces for eastern offensive

Austria's chancellor on Monday will become the first European leader to visit Moscow since Russia's invasion of Ukraine, as Kyiv steels itself for a huge Russian offensive in the country's east.

Abolish or rebrand? South Korea's 'feminist' ministry in crosshairs

South Korea's anti-feminist president-elect has vowed to abolish the Ministry of Gender Equality. But actually getting rid of it will be tricky, experts say, and the incoming administration is already backing off its promise.

Global stocks dip on Fed tightening, China prices

Asian stocks posted losses on Monday as unease lingered over tightening monetary policy by the Fed and rising prices in China.

French bank Societe Generale to exit Russia

French banking group Societe Generale said Monday it was ceasing activities in Russia and selling its majority stake in Rosbank, weeks after Ukraine's leader urged French firms to leave over Moscow's invasion of his country.

Indonesia tech giant GoTo soars on market debut

Indonesia's biggest tech firm soared in Jakarta trade Monday after a billion-dollar IPO that was the world's fifth-biggest this year, defying recent heavy weather for Asian tech stocks.

Austrian leader heads to Moscow as Ukraine prepares for eastern offensive

Austria's chancellor on Monday will become the first European leader to visit Moscow since Russia's invasion of Ukraine, as Kyiv prepares for a huge Russian offensive in the country's east.

Future in balance for German refinery fed on Russian oil

The PCK refinery in the German town of Schwedt has been processing crude oil from Russia since before reunification, but with a ban on Russian oil looming its future could be in doubt.

Ukraine crisis, inflation risks loom over ECB meeting

European Central Bank governors meet Thursday to ponder record-high inflation and fresh economic uncertainty caused by the war in Ukraine, with policymakers signalling a willingness to take action sooner rather than later.

Johnny Depp, ex-wife Amber Heard head to court again, this time in US

After a high-profile libel case in London, actor Johnny Depp and his ex-wife Amber Heard are headed back to court Monday, this time in the United States, for a blockbuster defamation case revolving about allegations of spousal abuse.

Brazil's first indigenous fashion show 'a form of resistance'

Proudly donning majestic feathered headdresses, models sing an ode to the rain while a makeup artist draws geometric patterns on their faces, arms and thighs in preparation for Brazil's first-ever indigenous fashion show.

As pandemic fades, Spain Easter traditions resurrected

With Easter processions cancelled for the past two years due to the coronavirus pandemic, Spain's colourful Holy Week marches made their eagerly awaited return to the streets on Sunday.

Sharif set to become next Pakistan PM after parliament ousts Khan

Imran Khan was dismissed Sunday as Pakistan's prime minister after losing a no-confidence vote, paving the way for an unlikely opposition alliance that faces the same issues that bedevilled the cricket star-turned-politician.

Greece softens 'tough' migration policy for Ukrainians

For more than two years, Greece's conservative government has prided itself on enforcing a "tough but fair" policy towards thousands of asylum seekers trying to cross the EU's southeastern border.

Iraqis clean up river as first green projects take root

Garbage clogs the banks of Iraq's Tigris River in Baghdad but an army of young volunteers is cleaning it, a rare environmental project in the war-battered country.

Favourable breezes boost Spain's wind power sector

Buoyed by a surge in investment and new projects, wind power has become Spain's main source of electricity generation just as Europe seeks to curb its energy imports from Russia.

Global ambitions drive Algerian tech start-up Yassir

It's the Algerian start-up that made good: despite the country's notoriously complex business climate, taxi and home-delivery firm Yassir has millions of users and is expanding across Africa.

Plotting from the wings: Key players behind Pakistan PM's ouster

Imran Khan was thrown out of office as Pakistan prime minister Sunday after losing a no-confidence vote in the national assembly.

Challenges ahead: Key issues facing Pakistan's next leader

Whoever becomes Pakistan's next prime minister following the dismissal of Imran Khan Sunday will inherit the same issues that bedevilled the former international cricket star.

Twitter stakeholder Elon Musk tweets 'Is Twitter dying?'

Twitter's newest board member and largest stakeholder Elon Musk tweeted Saturday to ask if the social media network was "dying" and to call out users such as singer Justin Bieber, who are highly followed but rarely post.

UK PM visits Ukraine after deadly railway station attack

British Prime Minister Boris Johnson paid an unannounced visit to Kyiv Saturday in a "show of solidarity" with Ukraine a day after a missile strike killed dozens at a railway station in the country's east.

Global pledging event raises 10.1 bn euros for Ukraine

A global pledging event for Ukrainian refugees called "Stand Up for Ukraine" has raised 10.1 billion euros ($11 billion), European Commission chief Ursula von der Leyen said in Warsaw on Saturday.

Pakistan lawmakers clash as PM no-confidence vote adjourned again

Pakistan lawmakers clashed angrily in the national assembly on Saturday with the opposition accusing ruling party members of wasting time ahead of a no-confidence vote that will likely see Prime Minister Imran Khan booted from office.

Pakistan lawmakers clash as PM no-confidence debate begins

Pakistan lawmakers clashed angrily in the national assembly Saturday ahead of a no-confidence vote on Prime Minister Imran Khan that will likely see him booted from office.

Amazon labor leader eyes national push after New York win

Leaders of the Amazon unionization campaign have heard from workers at some 100 other company facilities following last week's upset election win in New York, the union's president said Friday.

Russia's ruble stages rebound despite Western sanctions

After a historic collapse in the wake of Russia's military offensive in Ukraine, the ruble has staged a spectacular bounceback, supported by strict capital controls and energy exports.

Strong dollar juices European stocks

A strong dollar helped boost European equities Friday, while the euro hit a one-month dollar low before France's presidential election.

Asia, Europe stocks climb, Wall Street pauses

Asian and European equities rallied Friday on clarity over rising US interest rates, while the euro hit a one-month dollar low before France's presidential election.

Crisis-hit Sri Lanka hikes rates as protests spiral

Cash-strapped Sri Lanka's central bank hiked interest rates by a record 700 basis points Friday as police fired tear gas at hundreds of students protesting about the economic crisis.

Indonesian thrill-seekers dine in the sky

Indonesians are heading out to eat again as the Covid-19 pandemic's grip on the country loosens, and some thrill-seekers in Jakarta are celebrating by having dinner while dangling 50 meters in the air.

Coin Press - Economy (English)