Coin Press - Economy

NYSE - LSE

RBGPF	1.47%	68	$
RYCEF	3.87%	10.09	$
CMSC	0.09%	22.42	$
BCC	0.43%	98.51	$
BTI	-0.98%	40.97	$
SCS	3.27%	11.33	$
GSK	-1.81%	38.05	$
NGG	0.18%	65.73	$
RELX	0.26%	50.54	$
BP	-0.55%	33.605	$
VOD	-1.13%	9.265	$
RIO	0.2%	60.2	$
JRI	0.31%	12.98	$
CMSD	0.35%	22.89	$
BCE	-0.66%	22.809	$
AZN	-1.13%	72.68	$

Featured

Trump 'perfecting' new tariffs as nervous world braces

US President Donald Trump kept the world's leading economies on edge Tuesday as he made final preparations for a "Liberation Day" announcement of sweeping new tariffs that could trigger a global trade war.

Trump puts world on edge as 'Liberation Day' tariffs loom

Donald Trump had the world's leading economies on edge Tuesday as the US president prepared to unveil a promised raft of tariffs that could trigger a cascading global trade war.

Last news

IMF sees Saudi growth soaring 7.6% this year on high oil prices

The Saudi economy is expected to grow 7.6 percent this year, up from 3.2 percent in 2021, on the back of soaring oil revenues, the International Monetary Fund said Wednesday.

US retail sales flatline in July as gas prices fall

US retail sales held steady in July as gas prices fell sharply, but the new data released Wednesday showed consumers are still spending, keeping the pressure on the Federal Reserve to continue its aggressive interest rate hikes.

Chinese tech giant Tencent revenue falls for first time since going public

Chinese tech giant Tencent on Wednesday posted its first drop in quarterly revenue since going public, as the company grapples with China's economic downturn, pandemic disruptions and ongoing scrutiny from regulators.

Tech stocks sink world's biggest sovereign wealth fund

Norway's sovereign wealth fund, the world's largest, shrank by some 1.68 trillion kroner ($173.2 billion) in the first half of the year, weighed down by tech stocks, the Norwegian central bank said Wednesday.

China reconnects nuclear reactor after shutdown due to damage

A nuclear reactor in southern China has been reconnected to the electricity grid more than a year after it was shut down to repair damage, its operator said.

UK inflation hits new 40-year high as food prices rocket

British inflation surged to a new 40-year high in July on soaring food prices, official data showed Wednesday, adding to a cost-of-living crisis as the country faces the prospect of recession.

South Korean founder of failed Terra coin admits he was 'wrong'

The co-founder of the failed Terra cryptocurrency, which collapsed and wiped out about $40 billion of investors' money in May, has admitted he was "wrong", but said that he was not talking to South Korean investigators.

Markets track Wall St up as traders weigh economic outlook

Markets rose with oil prices on Wednesday following a rally on Wall Street, with Asia given a lift after China's premier called for more measures to boost the struggling economy.

Asian markets track Wall St up as traders weigh economic outlook

Markets rose in Asia on Wednesday following a rally on Wall Street and after China's premier called for more measures to boost the struggling economy.

Asian markets fluctuate as traders weigh economic outlook

Markets drifted in Asia on Wednesday, with investors trying to navigate an uncertain economic landscape as central banks hike interest rates to fight runaway inflation, in turn fuelling fears of a possible recession.

Cuba authorizes foreign investment in wholesale, retail

The Cuban government has announced it will allow foreign investment in domestic wholesale and retail trade for the first time in 60 years, in a move aimed at addressing critical shortages of goods.

Stocks end mostly higher amid mixed economic news

Global stocks moved mostly higher on Tuesday, as investors were buffeted by mixed economic news and a surge in European natural gas prices that later reversed.

Ex-Man Utd star Giggs admits to lifelong infidelity in court testimony

Former footballer Ryan Giggs admitted Tuesday to being unfaithful in all his past romantic relationships but denied ever being violent towards partners, as he gave evidence over charges of assault and coercive control of an ex-girlfriend.

S.Africans rally to mark Marikana massacre 10th anniversary

Thousands of people gathered in the South African town of Marikana on Tuesday to mark a decade since dozens of striking workers were killed in the worst act of police violence since the end of apartheid.

Walmart results top estimates as inflation alters consumer behavior

Walmart scored a big jump in revenues partly driven by inflation but the retail giant faces increasing evidence of shifting consumer behavior due to rising prices, according to quarterly results released Tuesday.

US industrial output jumps in July on solid manufacturing gain

A solid rebound in American manufacturing, especially vehicles, following two months of declines, help push overall industrial production up in July, the Federal Reserve said Tuesday.

Chinese ship docks in Sri Lanka despite India, US concerns

A Chinese research vessel docked at Sri Lanka's Chinese-run southern port of Hambantota on Tuesday despite concerns from India and the United States about its alleged spying activities.

China factories ration power as heatwave sends demand soaring

Chinese lithium hub Sichuan province will ration electricity supply to factories until Saturday, state media reported, as a heatwave sends power demands soaring and dries up reservoirs.

Zelensky warns Zaporizhzhia 'catastrophe' would threaten whole of Europe

A "catastrophe" at the Russian-controlled Zaporizhzhia nuclear plant in southern Ukraine would threaten the whole of Europe, Ukrainian President Volodymyr Zelensky warned on Monday.

Napoli thump Verona as Osimhen racially abused

Napoli ran out convincing 5-2 winners at Verona on Monday in their opening match of the Serie A season which was marred by Victor Osimhen being targeted by racist abuse from the stands.

Putin pushes Russia's combat-tested arms for export

President Vladimir Putin on Monday promoted Russian weapons to his foreign allies, saying they had all been tested on the field of battle.

Stuttering China recovery weighs on Asian markets

Asian markets mostly rose Monday as investors cheered signs of cooling US inflation but optimism was dampened by data showing China's economic recovery stuttering under Covid-19 restrictions and a slumping property sector.

UK Yoga 'warriors' fighting to diversify booming industry

London-based yoga instructor Stacie Graham is on a mission to make the ancient practice more racially and socially diverse, urging her charges to become "warriors for change" in the booming industry.

China cuts rates as economic recovery weaker than expected

China's central bank slashed key interest rates Monday in a bid to kick-start the country's stuttering economic recovery as data showed factory output and retail sales for July came in weaker than analysts' expectations.

China's factory output, retail sales up in July but weaker than expected

Factory output and retail sales in China edged up in July but were weaker than analysts' expectations, official data showed Monday, as a Covid-19 resurgence and property market jitters cast a pall over hopes for a stronger economic recovery.

All systems go in Houston as NASA prepares return to Moon

Rick LaBrode has worked at NASA for 37 years, but he says the American quest to return to the Moon is by far the crowning moment of his career.

Japan's GDP expands in Q2 after Covid curbs lifted

Japan's economy expanded in the three months to June, official data showed Monday, after the government lifted Covid-19 curbs on businesses.

Contestants spar in great Argentinian grill-off

Argentine grill masters fired up their spits Sunday for the fourth annual Federal Roast Championship in Buenos Aires.

'Bullet Train' locked and loaded atop N.America box office

Sony's "Bullet Train" held the top spot for the second week running in the North American box office, industry watcher Exhibitor Relations estimated Sunday during a relatively flat mid-August period of moviegoing.

Saudi Aramco unveils record profits as oil prices soar

Oil giant Saudi Aramco on Sunday unveiled record profits of $48.4 billion in the second quarter of 2022, after Russia's war in Ukraine and a post-pandemic surge in demand sent crude prices soaring.

Gunman detained after firing shots in Canberra airport

A gunman fired around five shots inside Canberra's main airport Sunday, sending passengers fleeing but injuring no one before he was detained by Australian police.

Saudi Aramco unveils record $48.4 billion profit in Q2