Coin Press - Economy

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Walmart lifts full-year forecast after strong Q3

Walmart reported a jump in third-quarter profits Tuesday behind solid US sales and gains in its e-commerce business as the retail behemoth lifted its full-year financial forecast.

French farmers step up protests against EU-Mercosur deal

French farmers planned on Tuesday to step up their protests against a proposed trade pact between the European Union and four South American countries, saying it threatens their livelihoods.

Last news

Iran hackers target Harris and Trump campaigns: Google

Google on Tuesday confirmed that hackers backed by Iran are targeting the campaigns of US presidential rivals Kamala Harris and Donald Trump.

N. Korea finally reopening to international tourists: operator

North Korea will reopen to foreign tourism in December after nearly five years of Covid-triggered closure, two specialized tour operators said Wednesday.

Stocks advance as US inflation data raises rate cut hopes

Global stock markets mostly rose on Wednesday after data showing US consumer price inflation eased last month raised the prospect of a September interest rate cut.

US consumer inflation sees smallest annual rise since 2021

US consumer inflation eased slightly in July, according to government data published Wednesday, its smallest 12-month increase since March 2021 and a positive sign for the Federal Reserve as it weighs cutting interest rates.

Young and old charged over riots point to anger in UK society

Far from the madding crowd in a small court room in southern England, a 13-year girl held her mother's hand as she pleaded guilty to participating in Britain's worst riots in over a decade.

Mars to acquire Pringles maker Kellanova for nearly $36 bn

M&M's and Snickers maker Mars said Wednesday that it would acquire snack food business Kellanova, marking a multibillion dollar agreement set to result in a new industry giant.

Stock markets climb with focus on inflation

Stock markets mostly advanced Wednesday as attention switched to inflation data, notably in the United States, and the outlook for interest-rate cuts.

Foxconn net profit rises in second quarter on AI demand

Taiwanese tech giant Foxconn on Wednesday reported a six percent jump in net profit for the second quarter of the year, driven by strong growth in demand for artificial intelligence servers.

Three years after Taliban return, economic woes loom large

Despite three years of improved security following the end of the Taliban's insurgency, Afghanistan's economy remains stagnant and its population is in the grips of a worsening humanitarian crisis.

Workers strike at world's biggest copper mine in Chile

Workers at the world's largest copper mine in Chile are striking after pay talks with Australian resources giant BHP fell apart, casting a shadow of uncertainty Wednesday over the market for the commodity.

Seoul authorities find toxic substances in Shein and Temu products

Women's accessories sold by some of the world's most popular online shopping firms contained toxic substances sometimes hundreds of times above acceptable levels, authorities in Seoul said Wednesday.

Global stock markets climb as US producer inflation cools

Global stocks rose on Tuesday as slowing US producer inflation boosted hopes of interest rate cuts from the Federal Reserve.

Google launches new Pixel 9 phones as AI race heats up

Google on Tuesday unveiled new Pixel 9 smartphones, its latest salvo in the scramble by Big Tech to corner the market on nascent artificial intelligence.

SpaceX plans first manned mission over Earth's poles

SpaceX is aiming to break new barriers in polar exploration with the first manned space mission over the Earth's poles -- a private flight commanded by a crypto entrepreneur later this year, the company said Tuesday.

New Google Pixel 9 phones flaunt AI capabilities

Google on Tuesday unveiled new Pixel 9 smartphones packed with artificial intelligence features meant to compete with Apple's iPhone.

Starbucks names Chipotle boss Brian Niccol as new CEO

Starbucks said Tuesday that Brian Niccol, chief executive at Chipotle, would be the coffee chain's new CEO -- just over a year after current boss Laxman Narasimhan took over the role.

Olympic flag arrival kicks off 2028 'pressure' for Los Angeles

The Olympic flag arrived under bright skies Monday in Los Angeles, where officials now have four short years to organize a Games capable of rivaling the widely praised Paris edition in a notoriously traffic-clogged metropolis.

Asian stocks build on gains ahead of US inflation data

Asian stocks mostly rose again Tuesday as worries about a US recession that sent markets into turmoil last week eased ahead of key inflation data, while oil prices held gains on concerns about a broader war in the Middle East.

Stocks diverge as focus turns to US inflation data

Global stock markets diverged Monday as investors tried to move on from upheaval fuelled by US recession worries, with focus shifting to the week's release of American inflation figures and other key data.

Vienna Opera Ball stalwart Lugner dies aged 91

Austrian construction tycoon and socialite Richard Lugner, who made headlines for bringing the world's VIPs to Vienna's famous Opera Ball, has died aged 91, according to local media citing family sources.

How Gen Z women and the military transformed Bangladesh

Adored by her classmates and defiant even after police seized her, student Nusrat Tabassum is one of the many women who helped spearhead the movement that toppled autocratic ex-premier Sheikh Hasina.

700 migrants cross Channel to Britain in small boats

Over 700 migrants in small boats crossed the Channel to Britain on Sunday, the highest number on a single day since Prime Minister Keir Starmer took power vowing to tackle people-smugglers.

Stocks mostly rise as focus turns to US inflation data

Asian markets mostly rose Monday as investors tried to move on from last week's upheaval fuelled by US recession worries, with focus shifting to the release of key inflation and retail data.

Faceless mannequins show off clothes in Afghanistan

In Afghanistan's capital, shop windows display dazzling ball gowns and three-piece wedding suits -- with the face of each mannequin covered.

'Deadpool & Wolverine' top in N.American theaters, pass $1 billion globally

Disney/Marvel superhero comedy "Deadpool & Wolverine" enjoyed an exceptional third weekend, taking in an estimated $54.2 million in North American theaters, but Sony's dramatic romance "It Ends With Us" was headed for one of the best openings ever for that genre, analysts said Sunday.

N.Ireland violence shocks Muslims and stokes fears over sectarian divides

A week of racism-fuelled disorder in Northern Ireland, sparked by disturbances in English towns and cities, is proving harder to end, with fears the UK region's sectarian divisions are feeding into the violence.

Former YouTube CEO Susan Wojcicki dies of cancer aged 56

Tech pioneer and former YouTube chief Susan Wojcicki, who played an instrumental role in the rise of Google, has died at the age of 56 after battling lung cancer, her husband announced Friday.

The Belarusian wheelchair barista 'making the world better'

With its sleek interior and freshly ground coffee, the cafe run by Belarusian exile Sasha Avdevich may at first glance seem like yet another trendy spot in Warsaw.

Meet the two Boeing mission astronauts stuck aboard the ISS

Two astronauts stranded in space may sound like the start to a big-screen science thriller, but the Boeing Starliner mission is no work of Hollywood fiction.

Flood of 'junk': How AI is changing scientific publishing

An infographic of a rat with a preposterously large penis. Another showing human legs with way too many bones. An introduction that starts: "Certainly, here is a possible introduction for your topic".

Algerian gender-row boxer Khelif storms to Olympic gold

Algerian boxer Imane Khelif defied a major gender controversy to win gold at the Paris Olympics on Friday in front of a pulsating Roland Garros crowd that roared her to victory.

Stocks mostly rise at end of turbulent week

Stocks wobbled in trading Friday but largely closed higher at the end of a roller-coaster week for markets, on worries the US economy could tip into recession.

Coin Press - Economy (English)