Coin Press - Economy

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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.

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Boeing delivers first 787 in a year

Boeing delivered a 787 Dreamliner to American Airlines on Wednesday, the first of that aircraft to be sent to a customer in over a year due to defects discovered in the plane.

Economists urge US to return Afghanistan's frozen assets

Several dozen prominent US and international economists urged the United States Wednesday to hand over to Afghanistan $7 billion in central bank reserves frozen when the Taliban seized control of the country nearly one year ago.

Elon Musk sells nearly $7 bn in Tesla stock

Elon Musk has sold nearly $7 billion worth of Tesla shares, according to legal filings, amid a high-stakes court battle with Twitter over a $44 billion buyout deal.

Mexico says rescuers close to entering mine where workers trapped

Rescuers hope to enter a flooded coal mine in northern Mexico soon to search for 10 workers who have been trapped for a week, authorities said Wednesday.

Facebook use plunges among US teens: survey

US teens have left Facebook in droves over the past seven years, preferring to spend time at video-sharing venues YouTube and TikTok, according to a Pew Research Center survey data out Wednesday.

In scorched UK, source of River Thames dries up

At the end of a dusty track in southwest England where the River Thames usually first emerges from the ground, there is currently scant sign of any moisture at all.

US inflation eases in July amid falling oil prices

US inflation eased slightly in July, according to official data Wednesday, potentially taking pressure off the Federal Reserve to hike interest rates sharply while bringing a much-needed boost to President Joe Biden just months before crucial midterm elections.

Stocks jump on easing US inflation

Global stock markets bounced on Wednesday as better-than-expected US inflation data raised hopes that the US Federal Reserve will tone down its aggressive interest rate policy.

Sri Lanka protest camp clears out after crackdown

Protesters in Sri Lanka who brought down the previous government announced they were dismantling their main demonstration site near the president's office on Wednesday in the wake of a crackdown against their leaders.

US inflation eases slightly to 8.5% in July as fuel prices dip

US inflation eased slightly in July, official data showed Wednesday, taking pressure off the Federal Reserve to hike interest rates sharply while bringing a much-needed boost to President Joe Biden just months before crucial midterm elections.

Elon Musk sells nearly $7 billion worth of Tesla shares

Elon Musk has sold nearly $7 billion worth of Tesla shares, according to legal filings, amid a high-stakes legal battle with Twitter over a $44 billion buyout deal.

Deliveroo says losses grow, to exit Netherlands

Deliveroo, the international delivery food app, announced Wednesday a big increase in losses as investment costs ate into rising revenues, adding it planned to exit its struggling Netherlands market.

Raymond Briggs: curmudgeonly creator of 'The Snowman'

British cartoonist and illustrator Raymond Briggs called himself "a miserable old git". Even his publisher said he was "the grumpiest of grumpy old men".

Raymond Briggs, author of UK Christmas classic 'The Snowman', dies aged 88

British cartoonist and illustrator Raymond Briggs, whose creation "The Snowman" became a Christmas staple for generations of children, has died aged 88, his publisher Penguin Random House said Wednesday.

Hong Kong's Cathay Pacific narrows H1 loss, eyes better end to year

Hong Kong carrier Cathay Pacific on Wednesday reported losses had narrowed in the first half after an "extremely difficult start" to the year, but said its capacity will improve in coming months as travel sentiment improves.

Experts see inflation reprieve in America

Is inflation finally slowing down in the United States?

China's landmark #MeToo case returns to court after setback

A landmark sexual harassment case in China was set to return to court Wednesday after an earlier ruling dealt a blow to the country's fledgling #MeToo movement.

Misery and disease conquer Afghanistan a year into Taliban rule

The heaving wards of a ramshackle clinic in southern Afghanistan are just one sign of the catastrophic humanitarian crisis that has gripped the war-ravaged country since the Taliban returned to power a year ago.

Asian markets drop on rate worries ahead of inflation data

Asian equities fell Wednesday, tracking a drop on Wall Street ahead of a crucial US inflation report later in the day, which could have a huge bearing on the Federal Reserve's plans for raising interest rates.

China's consumer inflation pushes higher

China's consumer inflation rose in July to a two-year high, official data showed Wednesday, with a surge in pork prices pushing up the cost of food.

Forever 16: America's teens succumbing to deadly fentanyl

Makayla Cox, a high school student in the US state of Virginia, thought she was taking medication that her friend had procured to treat pain and anxiety.

Full steam ahead: Swiss mark 175 years since first rail service

Switzerland -- famous for its punctual railways -- celebrated the 175th anniversary of passenger train services in the country on Tuesday with a re-creation of the first journey featuring a steam locomotive.

US stocks sink with all eyes on consumer price data

With all eyes on back-to-back inflation data coming this week, Wall Street stocks tumbled again on Tuesday as earnings warnings tanked tech shares.

Two miners rescued in Dominican Republic after 10 days underground

Two miners were rescued in the Dominican Republic Tuesday, seemingly unharmed, after 10 days trapped underground and a massive operation, with support from Canada, to free them.

Falling water levels boost Mexican mine rescue mission

Falling water levels have raised hopes that rescuers will be able to enter a flooded Mexican mine, possibly on Wednesday, to look for 10 trapped workers, the government said.

Stock markets lower on eve of US inflation data

Stock markets were lower and the dollar fell on Tuesday as investors nervously awaited the release of key US inflation data later this week, traders said.

Kenyans vote in close-fought election race

Kenyans voted largely peacefully on Tuesday as two political heavyweights battled it out in a high-stakes race for the presidency of the East African powerhouse.

Turkey sends drill ship on first Med mission in two years

Turkey on Tuesday sent its newest drill ship on the first eastern Mediterranean energy exploration mission in nearly two years.

France bans Russians from chateau over Ukraine war

The French military has banned Russian nationals from visiting the Chateau de Vincennes, a mediaeval fortress and tourist attraction on the edge of Paris, due to Russia's invasion of Ukraine, officials told AFP.

Markets mostly up as focus turns to inflation data

Most markets rose Tuesday but investors moved cautiously ahead of US inflation data later in the week, after a jobs report suggested the Federal Reserve would likely need to continue its sharp interest rate hikes to tame runaway prices.

Asian markets mostly up as focus turns to inflation data

Asian equities mostly rose Tuesday but investors moved cautiously ahead of US inflation data later in the week, after a jobs report suggested the Federal Reserve would likely need to continue its sharp interest rate hikes to tame runaway prices.

A year on, Afghan feminists in exile mourn lost ambitions

When she touched down in Paris on a flight from Kabul in the summer of 2021, Farzana Farazo vowed never to give up her feminist struggle for Afghanistan, even from exile.

Coin Press - Economy (English)