Coin Press - Economy

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Featured

Denmark criticises 'tone' of Vance's Greenland comments

Denmark on Saturday said it did not like the "tone" of US Vice President JD Vance comments that Copenhagen had not done enough for Greenland during a visit to the strategically placed, resource-rich Danish territory coveted by US President Donald Trump.

Mike Leigh on the 'hard truths' of film, happiness and World War III

Like the action in his widely acclaimed new film "Hard Truths", veteran British director Mike Leigh swings between gratitude and despair as he reflects on his life and career.

Last news

China says to pursue 'correct' path of globalisation as trade woes mount

China's number two leader told a gathering of business executives in Beijing on Sunday that the country would pursue economic globalisation despite "fragmentation", a thinly veiled reference to trade turmoil sparked by US President Donald Trump.

'Surf and turf' protest in Spain against factory, mine

Thousands of people on boats and on land staged a "surf and turf" protest in northwest Spain on Saturday against a planned textile factory and the reopening of a copper mine.

Appeal of Vietnam death row tycoon to begin in separate case

The appeal of a Vietnamese property tycoon convicted of money laundering will begin next week, state media said on Saturday, three months after losing her appeal against the death penalty in a separate case.

Pro-Trump senator set to meet Chinese premier

Republican Senator Steve Daines will meet Premier Li Qiang on Sunday, a senior Chinese official announced as the strong supporter of US President Donald Trump visits Beijing.

Venezuelan migrant dreams of US national amputee soccer stardom

Juan Carlos Vargas lost a leg in a road accident but that did not stop him from undertaking a perilous journey from his native Venezuela to the United States.

Prospect of copper mine reopening revives tensions in Panama

Piles of copper concentrate from a Canadian-owned mine closed by the Panama courts in 2023 sit on the shores of the Caribbean Sea and are now approved for export, to the dismay of environmentalists.

AI startup Perplexity confirms interest to buy TikTok

Artificial intelligence (AI) startup Perplexity on Friday expressed its interest in buying TikTok, which faces a deadline to divest from its Chinese owner or be banned in the United States.

Trump admits Musk 'susceptible' on China

President Donald Trump said Friday that Elon Musk should not be allowed to see top secret US plans for any war with China, in a rare admission that his billionaire ally's business links raised potential conflicts of interest.

Jaguar looks to woo younger, richer drivers with $160,000 Type 00

Jaguar's ambition to seduce younger, richer drivers was on full display in Paris with a presentation of its newest prototype, the Type 00, which promises all-electric luxury... at a steep price.

Trump admits Musk 'susceptible' on China amid secret war plan row

President Donald Trump on Friday denied reports that Elon Musk would see top secret US plans for a possible war with China, saying that his billionaire ally's links with Beijing raised potential conflicts of interest.

Heathrow closure could cost millions, disrupt flights for days

Huge travel disruption at London's Heathrow airport caused by a power cut Friday could take several days to remedy and cost millions of pounds, experts estimated.

EU tariffs not a deterrent, says Chinese EV maker XPeng

Chinese electric vehicle maker XPeng said Friday that European Union tariffs on EVs made in China have had a "large economic impact" but will not deter the firm's plans to tap European markets.

Russian central bank holds key rate at two-decade high

Russia's central bank kept its key rate at 21 percent on Friday, locking in two-decade-high borrowing costs as it battles rampant inflation.

Travel chaos after power outage closes London's Heathrow airport

Heathrow airport was completely shut down on Friday after a power outage due to a fire at a London electricity substation, causing travel chaos for passengers around the world and the cancellation or diversion of hundreds of flights from Europe's busiest air hub.

Namibia inaugurates its first woman president

Southern Africa's desert nation of Namibia swore in its first woman president Friday after Netumbo Nandi-Ndaitwah won elections last year that extended the ruling party's 35-year grip on power.

Markets skid into weekend as trade fears cast a pall

Equity markets limped into the weekend on Friday following a tepid lead from Wall Street as the optimism stoked by a dovish US Federal Reserve meeting gave way to long-running fears about Donald Trump's tariff agenda.

Court rules against K-pop group NewJeans in contract dispute

A South Korean court on Friday ruled against popular K-pop girl group NewJeans, which had sought to sever ties with their label ADOR over what they called "mistreatment" by the company.

Turkish clinics vie for UK medical tourists' custom in London

Whether it is a bleached-white smile, a full head of hair or major surgery, more and more Brits are flocking to Turkey for cut-price medical and cosmetic procedures -- and clinics are going out of their way to win their custom.

London's Heathrow: Europe's biggest airport

London's Heathrow Airport, which shuttered on Friday after a fire broke out at a substation serving the aviation hub, is Europe's busiest in terms of passengers.

In Washington, glum residents struggle with Trump return

Jennifer Nikolaeff slowly inhales and exhales as she seeks "a moment of calm" at a free yoga class for sacked government workers in Washington, where life has been upended by Donald Trump's return.

Japan core inflation slows to 3% in Feburary

Japanese inflation eased in February, government data showed Friday, with prices excluding fresh food rising 3.0 percent year-on-year in the world's fourth-largest economy.

Trump's call for AI deregulation gets strong backing from Big Tech

Major tech firms are pushing the administration of President Donald Trump to loosen rules on building artificial intelligence, arguing it is the only way to maintain a US edge and compete with China.

Japan's core inflation rate slows to 3% in Feburary

Japan's core inflation rate decelerated in February, government data showed Friday, with prices excluding fresh food rising 3.0 percent year-on-year in the world's fourth-largest economy.

Chinese electric car maker BYD aims for Europe boost

Chinese carmaker BYD on Thursday vowed to conquer Europe with a new compact electric model and super-fast charging capability to rival continental brands.

Stocks fall, oil prices rise in choppy trade after Fed decision

Wall Street stocks slipped Thursday after the US Federal Reserve sought to calm fears over President Donald Trump's tariffs, while eurozone equities slumped.

Explosive Meta memoir tops US best-seller list

A scathing book about Facebook parent company Meta, whose author has been barred from promoting her work, entered at the top of the New York Times bestseller list after its first week of release in the United States.

Swiss cut rates again over global economic 'uncertainty'

Switzerland's central bank cut its key interest rate on Thursday, citing the "high uncertainty" in the global economy triggered by US President Donald Trump's tariff wars.

US existing home sales beat expectations in February

Sales of previously owned homes in the United States topped analysts' expectations in February, as increasing inventory allowed more buyers to enter the property market, according to industry data released Thursday.

BoE warns on 'economic uncertainty' as rate held

The Bank of England kept its key interest rate at 4.5 percent Thursday, as it warned of "a lot of economic uncertainty" caused largely by US President Donald Trump's tariffs.

Hong Kong's embattled CK Hutchison says profits down in 2024

Embattled Hong Kong conglomerate CK Hutchison Holdings, caught in a US-China spat over control of the Panama Canal, said on Thursday that profits fell 27 percent in 2024.

Most markets track Wall St gains as Fed soothes tariff fears

Stocks mostly rose Thursday after US Federal Reserve boss Jerome Powell suggested any increase in consumer prices caused by tariffs would likely be short-lived, even as the central bank slashed its growth outlook and hiked inflation expectations.

Europe shifts gears for the Trump era

Barely a month ago, a phone call between Donald Trump and Vladimir Putin sent an unmistakable message across the Atlantic: the United States may not be there forever to keep Europe safe from an aggressive Russia.

Coin Press - Economy (English)