Coin Press - Economy

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Featured

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.

UK vows £20 million to boost drone and 'flying taxi' services

The UK government said Tuesday it had pledged £20 million ($25.8 million) to help commercial drone services and "flying taxis" take off in Britain.

Last news

Artistic swimming men finally get the pool to themselves

Giorgio Minisini made sporting history at the European Aquatics Championships in Rome when he became the first winner of a men's artistic swimming competition at a major international event.

Dark thoughts haunt Ukrainians in shadow of nuclear crisis

A hard wind blows through the Ukrainian town of Marganets. It is coming across the Dnipro river, from the Zaporizhzhya nuclear power plant occupied by Russian troops.

Albanian farmer feeds coffee to fields amid fertiliser crunch

With the pandemic and the Ukraine conflict sending fertiliser prices through the roof, Albanian farmer Alban Cakalli has turned to coffee, one of the Balkan country's great loves, to nourish his fields.

US to boost Taiwan trade, conduct air, sea transits

The United States will boost trade with Taiwan in response to China's "provocative" behaviour, the White House said Friday, as it insisted on the right of air and sea passage through the tense strait.

Venezuela's suicide epicenter battles further deaths

Henry La Cruz jumps off his motorbike, darts to a young man and grabs hold of him just before he leaps from a viaduct.

Foreigners flock to Canada for monkeypox vaccine

With the monkeypox vaccine in short supply in the United States, thousands of foreigners, including Americans are flocking to Montreal to get their shots.

Mexico prepares to begin underground search for trapped miners

Mexican authorities said Friday they were finally in a position to begin searching a flooded coal mine where 10 workers have been trapped for more than a week, offering fresh hope to anguished relatives.

Easyjet pilots strike in Spain

Easyjet's Spanish pilots walked out on Friday, calling for the reinstatement of conditions they enjoyed before the coronavirus pandemic, two weeks after a strike by the low-cost carrier's cabin crew had resulted in a deal.

Mexican officials say close to accessing trapped miners

Mexican authorities said on Friday they are in a position to enter the flooded coal mine where 10 workers have been trapped for more than a week.

Stock markets still buoyed by US inflation data

Stock markets rose on Friday, still riding the positive US inflation data earlier this week as investors mull over the size of the next interest rate move by the US Federal Reserve.

Ethiopia says completes third filling of Nile mega-dam

Ethiopia said Friday it has completed the third filling of its mega-dam on the Blue Nile, a development that could raise further tensions with downstream neighbours Egypt and Sudan.

Huawei revenue down 5.9 percent in first half of 2022

Huawei's revenue dipped by just under six percent in the first half of 2022, company figures showed Friday, as the Covid-19 pandemic and US-China trade rivalry hit sales.

Stock markets mixed as traders contemplate more rate hikes

Markets were mixed Friday, with traders struggling to build on the previous day's rally as they come to terms with the likelihood that central banks will continue to raise interest rates to battle runaway inflation.

UK economy closes in on recession

Britain's economy shrank in the second quarter, official data showed Friday, as the country heads towards recession under a new prime minister.

South Korea pardons Samsung boss 'to help the economy'

The heir and de facto leader of Samsung group received a presidential pardon Friday, the latest example of South Korea's long tradition of freeing business leaders convicted of corruption on economic grounds.

Asian markets struggle as traders contemplate more rate hikes

Asian markets mostly fell Friday, winding back some of the previous day's rally, as traders come to terms with the likelihood that central banks will continue to raise interest rates to battle runaway inflation.

Drought tightens its grip on Morocco

Mohamed gave up farming because of successive droughts that have hit his previously fertile but isolated village in Morocco and because he just couldn't bear it any longer.

'Hopeless': Chinese homebuyers run out of patience with developers

Newly married and with his first child on the way, auto worker Wang wanted to move into the apartment he bought in Wuhan three years ago but those hopes were dashed by China's ballooning property crisis.

EV maker Rivian's losses nearly triple to $1.7 bn as production ramps up

Electric automaker Rivian on Thursday said its losses had nearly tripled to $1.7 billion in the second quarter, but that it is on the road to meeting production goals.

Stocks mixed as markets weigh improving US inflation data

Global stocks finished mixed on Thursday as investors weighed whether a second straight upbeat US inflation report could speed a pivot in Federal Reserve policy away from aggressive tightening.

Iraq to provide Lebanon with fuel for another year: Lebanon PM

Iraq has agreed to renew a one-year deal to provide Lebanon with fuel for its power plants in exchange for in-kind services, Lebanon's Prime Minister said in a statement Thursday.

Second firefighter dies after Cuban fuel depot blaze

Cuban authorities said Thursday a second firefighter has died battling a days-long blaze at a fuel depot that has also left nearly three dozen people missing or injured.

Extreme heat, price hikes impose tough choices on UK farm

Pulling up some of the sugar beet that should be about handball-size by now, Andrew Blenkiron says the parched conditions have left the root veggies stunted and dried-up.

US gas prices fall below $4 for first time since March

It's not too late for a road trip: The US average price of gasoline at the pump has finally fallen below $4.00 a gallon, providing a bit of relief for Americans struck by massive inflation at almost every turn.

'Hero' Lebanon hostage-taker turns self in after bank drama

Bystanders hailed as a hero an armed customer who held bank staff hostage for hours Thursday in Lebanon because he couldn't access funds frozen after the country's economic collapse.

Stocks rise on more positive inflation data

Stock markets were mostly higher on Thursday after new US data suggested that inflation could indeed be slowing in the world's biggest economy, raising hopes of less aggressive Federal Reserve monetary policy.

Study on serotonin and depression sparks fierce debate

A controversy in the scientific community over a recent claims anti-depressants can be ineffective at treating depression has highlighted the difficulties in understanding mental health conditions.

Soldier makes brief descent into Mexico mine where workers trapped

A soldier made a brief incursion on Wednesday into the flooded coal mine in northern Mexico where 10 workers have been trapped for a week, with relatives anxiously awaiting progress.

Singapore trims 2022 growth forecast on strong global headwinds

Singapore on Thursday narrowed its economic growth forecast this year after the economy contracted in the second quarter compared to the previous three months due to rising inflation and tighter monetary policies, the government said.

Scarring for life: traditional practice fades in Sudan

Kholoud Massaed of the Hadaria tribe in Sudan vividly recalls the day her face was scarred with a sharp blade, an ancient practice that was once common.

China's ex-Covid patients live under 'dark shadow' of stigma

When Zuo tested positive for Covid-19 while working as a cleaner in one of Shanghai's largest quarantine centres, she hoped it wouldn't be long before she could pick up the mop and start earning again.

Disney+ subscribers surge as Netflix stumbles

The Disney+ streaming service saw its number of paying subscribers leap beyond expectations in the last quarter, as rival Netflix's client count ebbed, results showed Wednesday.

Coin Press - Economy (English)