Coin Press - Economy

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Featured

Asian stocks extend global rout after Trump's shock tariff blitz

Equities extended losses in Asia on Friday, extending a global rout inflicted by Donald Trump's tariff blitz that has inflamed a trade war and ramped up recession and inflation fears.

Where Trump's tariffs could hurt Americans' wallets

As global financial markets plunge in the wake of US President Donald Trump's "Liberation Day" tariffs, Americans must also grapple with the potentially long-lasting impact of the move on household budgets.

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Tunis hosts Japan-Africa investment conference

Japan opens an African investment conference in Tunisia on Saturday, seeking to counter the influence of rival China which has steadily grown its economic imprint on the continent.

Energy crisis pushes nuclear comeback worldwide

As the costs of importing energy soars worldwide and climate crises wreak havoc, interest in nuclear power is on the rise with nations scrambling to find alternative sources.

Peak Tram back on track in tourist-devoid Hong Kong

The Peak Tram, Hong Kong's famed public transport and a popular tourist draw, reopened Saturday after a year-long $102 million facelift even as the city's coronavirus curbs continue to keep overseas visitors at bay.

Mexico lures visitors on new age tourism trail

With restorative rituals, yoga retreats and psychedelic experiences, Mexico has become a magnet for spiritually minded tourists seeking an alternative vacation far from the troubles of the modern world.

Cuba asks for US help to rebuild destroyed fuel depot

Cuba has asked the United States for help in restoring a major fuel storage plant devastated by a massive fire that left 16 people dead, the island nation's foreign ministry said on Friday.

Taming inflation will inflict 'pain' on Americans: Fed's Powell

Taming high US inflation will inflict "pain" on American families and businesses, but failure to wrestle prices down from their current 40-year high would be even more harmful, Federal Reserve Chair Jerome Powell said Friday in a hotly-anticipated speech to global policymakers.

Moderna sues Pfizer, BioNTech for Covid-19 vaccine patent infringement

Moderna said Friday it is suing rival vaccine makers Pfizer and BioNTech, alleging the partners infringed on its patents in developing their Covid-19 shot administered to hundreds of millions around the world.

Stocks wobble before Fed chair speech

Stock markets wobbled Friday ahead of a speech by Federal Reserve boss Jerome Powell that is expected to reiterate his plan to ramp up US interest rates to fight soaring inflation.

Europe stocks subdued before Fed chair speech

European stock markets wobbled Friday ahead of a speech by Federal Reserve boss Jerome Powell that is expected to reiterate his plan to ramp up US interest rates to fight soaring inflation.

Staff work to end outage at Ukraine nuclear plant as inspection prepared

Staff at Ukraine's Zaporizhzhia nuclear plant occupied by Russian soldiers were on Friday working to reconnect its reactors to the national power grid, the state energy operator said.

Young Poles abandoning 'frozen' Catholic Church

It is still one of Europe's most Catholic countries but Poland is seeing a rapid secularisation -- particularly among younger generations.

Long Covid costs Australia millions of working days

Long Covid has already cost the Australian economy three million working days this year, according to a government analysis seen by AFP Friday, significantly worsening the country's acute labour shortages.

Christie's to auction Microsoft co-founder Allen's $1bn-plus art collection

Christie's announced plans on Thursday to auction the art collection of late Microsoft co-founder Paul Allen, which it estimated to be worth more than $1 billion.

In risky recycling venture, Gazans burn plastic for fuel

Living in one of the poorest parts of the Middle East and facing some of the region's highest fuel costs, Palestinians in Gaza are burning plastic to make affordable diesel.

Asia stocks up before Powell speech, China tech adds support

Asian markets rose Friday after a Wall Street rally ahead of a speech by Federal Reserve boss Jerome Powell that is expected to reiterate his plan to ramp up interest rates to fight inflation.

Fed's Powell to hammer home inflation-fighting message

With US inflation at a 40-year high, economists say there is no doubt about the Federal Reserve's policy course: Interest rates will continue to rise.

Trump social media platform faces money woes, modest following

Signs are growing that Donald Trump's social media platform Truth Social is in financial trouble, with just a modest following six months after launching.

Boeing eyes February for space capsule's first crewed flight

The first crewed flight of Boeing's space capsule Starliner is scheduled for February 2023, the company and NASA announced Thursday, as the United States seeks to secure a second way for its astronauts to reach the International Space Station.

'Dangerous' heatwaves likely to grip the tropics daily by 2100: study

Many millions of people in the tropics could be exposed to dangerous heat for half the year by 2100 even if humanity manages to meet climate goals, researchers warned Thursday.

German economy grew in second quarter, better than feared

Germany's economy grew slightly in the second quarter, an upgrade from a previous estimate of stagnation, revised official data showed Thursday, pushing back the spectre of recession.

Japan seeks 'sustainable world' in Africa aid forum

With its stated purpose to "create a sustainable world together", Japan on Saturday kicks off its aid conference for Africa, where rival China has invested heavily in recent years.

Asian markets rise with eyes on China, Fed speech

Asian markets rose Thursday after China unveiled fresh measures to boost its economy, while investors awaited a speech by the Fed chair that may hold clues about future rate hikes.

France's Macron looks to 'future' on Algeria trip to mend ties

President Emmanuel Macron starts a three-day visit Thursday to Algeria to help mend ties with the former French colony, which this year marks its 60th anniversary of independence.

Equities move higher ahead of US Fed chair speech

European and US equities mostly advanced on Wednesday as investors awaited signals on coming Federal Reserve interest rate hikes.

British-Belgian teen becomes youngest round-the-world solo flier

Mack Rutherford, a British-Belgian 17-year-old, landed in Bulgaria on Wednesday to become the youngest person to fly solo around the world.

New York, cartoonist Sempe's spiritual home

Over the course of his storied career, Jean-Jacques Sempe became a fixture on the newsstands of New York, illustrating more than 100 covers of the prestigious New Yorker magazine.

London bus drivers latest UK workers to strike over pay

Bus drivers in London are set to strike over pay for two days this weekend, their union announced on Wednesday, as decades-high inflation prompts walkouts across Britain's ailing economy.

UK port strike threatens to deepen supply chain and price woes

A strike over pay at Britain's largest container port threatens to spark fresh delays and rising costs for companies and consumers alike, but logistics experts say there should be no product shortages.

Markets mark time ahead to US Fed chair speech

European and US equities moved sideways on Wednesday as investors awaited signals on the next US interest rate hikes.

Steep drop in military aircraft keep US goods orders flat in June

Orders for big-ticket US-manufactured goods were flat in July after four straight monthly increases due to a plunge in the volatile military aircraft category, according to government data released Wednesday.

Global stocks fall as investors eye US Fed outlook

Asian and European equities fell Wednesday as investors awaited news on the next US interest rate hikes.

European hospitals test drones to speed delivery of human tissue

Belgian hospitals have begun testing a drone to save time delivering human tissue samples across city centres, between patients on the operating table and medical labs, a first in Europe.

Coin Press - Economy (English)