Coin Press - Economy

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Man held after crashing car near China school, injuring multiple children

Police said Tuesday a man was in custody after crashing a car outside a primary school in a central Chinese city, injuring multiple children.

Markets rally after US bounce as Nvidia comes into focus

Markets rose Tuesday after a broadly positive day on Wall Street, with focus turning to the upcoming release of tech giant Nvidia's earnings, while traders also kept tabs on Donald Trump's picks for his new administration.

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Cleanup hopes for neighbors of Mexico's 'toilet bowl' wastewater dam

On the banks of a wastewater dam in central Mexico, under a dense cloud of mosquitoes, Yury Uribe is finally seeing hope after spending decades in "environmental hell."

Boeing suspends 777X flight tests after part failure

Boeing has suspended flight testing of its new 777X wide-body jet after identifying the failure of a part connecting the engine to the body of the aircraft, the manufacturer told AFP on Tuesday.

New 'Call of Duty' and 'Borderlands 4' games announced at leading show

The release dates for new episodes of the "Call of Duty" and "Borderlands" video games were announced Tuesday at the opening of the Gamescom showcase.

All hell broke loose: Sicily yacht sunk in brutal storm

It was still dark when a storm hit the Sicilian port of Porticello early Monday, and within minutes a superyacht had disappeared, taking many of those on board with it.

India court orders medical safety task force after doctor rape protests

India's Supreme Court on Tuesday ordered a national task force to examine how to bolster security for healthcare workers after the "horrific" rape and murder of a doctor sparked medical strikes and furious protests.

Divers search Sicily yacht wreck with UK tech boss among missing

Divers spent a second day Tuesday searching for six people believed trapped when a luxury yacht sank off the Italian island of Sicily, including a British tech tycoon, colleagues and his teenage daughter.

Markets diverge ahead of Powell speech

Stock markets were mixed Tuesday as investors treaded water ahead of a key speech by US Federal Reserve chief Jerome Powell that could provide more hints of an interest rate cut.

Senegal sets up commission to review oil and gas deals

Senegal's new authorities have set up a commission of experts to "rebalance" oil and gas contracts, Prime Minister Ousmane Sonko said, following an election pledge to renegotiate hydrocarbon agreements.

Kenya 'psychopath' serial killer suspect escapes from police

Red-faced Kenyan police on Tuesday arrested eight of their own officers and launched a manhunt after a man accused of murdering and dismembering 42 women escaped from a Nairobi police cell along with a dozen other people.

Agony mounts for patients in India doctors' strike

In a dingy New Delhi pedestrian subway, patients waiting for treatment at nearby hospitals line the ground as queues grow with Indian doctors protesting the rape and murder of a colleague.

EU plans 36% tariff on Chinese EVs, lower for Tesla

The European Commission said Tuesday it plans to slap five-year import duties of up to 36 percent on Chinese electric cars, unless Beijing can offer an alternative solution to the damaging trade row over state subsidies.

Markets waver ahead of earnings, Powell speech

European and Asian stock markets fluctuated on Tuesday as investors trod carefully ahead of a key speech by US Federal Reserve chief Jerome Powell that could provide more hints of an interest rate cut.

Fresh searches in Sicily yacht sinking with finance boss among missing

Specialist divers on Tuesday launched a fresh search for six people, including UK tech tycoon Mike Lynch and the chairman of Morgan Stanley International, missing since their yacht capsized off the Italian island of Sicily.

Kenya 'psychopath' serial killer suspect escapes from custody

Kenyan police launched a major manhunt on Tuesday after a man they claim has confessed to murdering and dismembering 42 women escaped from a Nairobi police cell, along with a dozen other detainees.

Chinese property firm Kaisa strikes debt restructuring deal

Chinese property developer Kaisa has reached an agreement with creditors for partial repayment of its debt, the company said Tuesday, a positive development as it battles to avoid liquidation.

Philippines to process 'limited number' of Afghans seeking US visas

A "limited number" of Afghans will temporarily stay in the Philippines while being processed for resettlement in the United States, Manila and Washington said Tuesday.

Asian markets fluctuate ahead of key earnings and Powell

Asian investors trod carefully Tuesday after the latest bounce in optimism fuelled by hopes Federal Reserve boss Jerome Powell will signal an interest rate cut in a highly anticipated speech to top central bankers this week.

India's homemade superhero star strikes Bollywood fame

Half a day's drive from India's entertainment capital Mumbai, many in the struggling textile city of Malegaon escape the thrum of dawn-till-dusk industrial weaving looms by daydreaming about Bollywood stars.

SpaceX a week away from first private spacewalk

Four members of a SpaceX mission that will carry out the first ever private spacewalk arrived in Florida on Monday ahead of their takeoff next week.

US, European stocks forge higher, extending rally

Wall Street stocks advanced Monday following a positive session on European bourses, extending last week's upbeat trend as markets await earnings from US retailers and commentary from the US Federal Reserve.

UK tech tycoon among missing after superyacht sinks off Sicily

UK tech tycoon Mike Lynch was among six people lost at sea Monday after a superyacht sank off the Italian island of Sicily during a sudden storm.

Markets up as traders prepare for Powell speech

Stock markets mostly climbed Monday following last week's strong performance, with gold prices soaring ahead of a meeting of central bankers that could give fresh signals about the US interest-rate outlook.

One dead, six missing after storm sinks superyacht off Sicily

Divers searched off the Italian island of Sicily Monday for six people missing after a superyacht sank during a sudden storm, killing at least one person, officials said.

Markets split as traders prepare for Powell speech

Stock markets diverged Monday following last week's strong performance, as traders await a meeting of central bankers that could give fresh signals about the US interest-rate outlook.

Markets mixed as traders prepare for Powell speech

Equities were mixed Monday following last week's strong performance, with traders focused on a closely followed meeting of central bank chiefs where the Federal Reserve's Jerome Powell is due to deliver a key speech.

Latest 'Alien' movie scares up big crowds in N. America theaters

New sci-fi horror film "Alien: Romulus" topped the weekend box office in North American theaters, showing the franchise's continued ability to scare up sizable audiences, analysts said Sunday.

Indian doctors stage nationwide strike over colleague's rape and murder

Indian doctors launched a nationwide strike Saturday, escalating protests after the "barbaric" rape and murder of their colleague that has channelled outrage at the chronic issue of violence against women.

China youth unemployment jumps to 17.1% in July

Youth unemployment in China ticked up to 17.1 percent in July, official figures showed, the highest level this year as the world's second-largest economy faces mounting headwinds.

Workers at world's biggest copper mine in Chile call off strike

Workers at the world's largest copper mine, in Chile, called off a strike Friday after reaching a pay agreement with Australian mining giant BHP.

New Boeing CEO pledges to 'reset' relations with machinists

Boeing's new boss said Friday he was looking to "reset" relations with a key union representing tens of thousands of its workers, amid negotiations for a new labor contract.

Skiing in Lesotho: an African adventure under pressure

High in the wintry mountains of Lesotho, Sharon Kadangwe from Malawi is learning to ski on a strip of snow that runs down a dry, brown slope at southern Africa's only ski resort.

UN urges Gaza truces for child polio vaccination drive

UN chief Antonio Guterres called Friday for two seven-day breaks in the Gaza war to vaccinate more than 640,000 children against polio, which has been detected in the territory's wastewater.

Coin Press - Economy (English)