Coin Press - Economy

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Featured

China's Xi urges 'strategic' ties in talks with Germany's Scholz

Chinese leader Xi Jinping called for Beijing and Berlin to develop ties with a "strategic" and "long-term" perspective Tuesday as he met with German Chancellor Olaf Scholz in Rio de Janeiro, state media said.

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.

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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.

OpenAI worries its AI voice may charm users

OpenAI says it is concerned that a realistic voice feature for its artificial intelligence might cause people to bond with the bot at the cost of human interactions.

Russian economic growth dips in second quarter as inflation rises

The pace of Russia's economic growth slowed in the second quarter of 2024, official data showed Friday, amid concerns over stubborn inflation and warnings of "overheating".

Boxing to learn LA Olympics fate in first half of 2025: IOC chief Bach

International Olympic Committee president Thomas Bach said on Friday his organisation would decide in the first half of next year whether or not boxing will be allowed at the 2028 Los Angeles Games.

Stocks choppy at end of turbulent week

A stocks rebound ran out of gas on Friday, at the end of a roller-coaster week for markets on worries the US economy could tip into recession.

As police strike, Bangladesh students cop traffic duty

Bangladeshi students battled police for control of the streets and won, but if their country is to embark on a new journey, someone has to clear the road ahead.

China launches appeal at WTO over EU electric vehicle tariffs

Beijing said Friday it had filed an appeal with the World Trade Organization over the European Union's imposition of additional tariffs on imports of electric vehicles from China.

E-commerce tycoon Huang tops China's rich list

E-commerce tycoon Colin Huang has become China's richest man, an index showed Friday, capping an ascent for the former Google employee whose shopping site Temu has sucked in consumers with its low prices and all-powerful algorithms.

Indian FM on first visit to Maldives since troops sent packing

India's foreign minister Subrahmanyam Jaishankar leaves Friday on his first trip to the neighbouring Maldives since Male expelled dozens of Indian soldiers and shifted to become closer to China.

Asian stocks track Wall St rally as US jobs data ease recession fears

Asian stocks rallied Friday as investors breathed a sigh of relief after US jobs data soothed concerns that the world's top economy could tip into recession, bringing a painful week to a positive end.

US stocks bounce higher as jobs data reassures investors

US stocks snapped higher on Thursday as unemployment data eased recession concerns, while European and Asian equities struggled.

US orders FTX, Alameda to pay $12.7 bn to victims

Failed cryptocurrency platform FTX Trading and affiliate Alameda Research must pay $12.7 billion to compensate customers and fraud victims under a consent order, US regulators announced Thursday.

Flying's never been safer, says MIT study

Flying can be a nerve-wracking experience for many people -- but a new study out Thursday finds commercial air travel keeps getting safer, with the risk of death halving every decade.

US stocks bounce higher as jobs data reassures

US stocks snapped higher on Thursday as unemployment data eased recession concerns, while European and Asian equities struggled.

Deliveroo shares surge on 'profit milestone'

Deliveroo shares surged more than ten percent Thursday after the international food delivery app struck its first six-month net profit, an achievement described as a "major milestone" by its boss.

Equity markets resume drops as volatility persists

European and Asian stock markets mostly fell Thursday, with analysts warning that this week's volatility has some time to run.

China's top chipmaker reports Q2 plunge in profits

Leading Chinese chipmaker SMIC announced Thursday a sharp year-on-year drop in profits during the second quarter, as a domestic price war and technological rivalry between Beijing and Washington show no signs of abating.

Siemens profits soar on software demand, AI 'boom'

German industrial giant Siemens said Thursday its quarterly profits jumped sharply, driven by demand for production software as well as the "boom" in artificial intelligence and customers upgrading power grids.

Paris 'flying taxi' flights scrapped during Olympics

Plans to lift an electric-powered "flying taxi" over Paris during the Olympics have been scrapped because certification for its engine has not come through, its promoters said on Thursday.

Equity markets mixed as nervous traders navigate volatility

Asian stocks were mixed Thursday after a sell-off on Wall Street, with analysts warning the volatility that has roiled markets this week still has some time to run as traders fret over the global economy.

How Bangladesh student protests brought in a new leader

A student-led uprising in Bangladesh against government hiring rules culminated this week in the prime minister fleeing, with Nobel peace prize winner Muhammad Yunus set to lead a caretaker government.

Stocks turn lower again as nervous traders navigate volatility

Asian stocks resumed their losses Thursday after a sell-off on Wall Street in a sign that the volatility that has roiled markets this week still has some time to run as traders fret over the global economy.

Buoyed by past success, new CEO Kelly Ortberg will try to turn Boeing around

Aviation experts and analysts have been full of praise for Kelly Ortberg, who returns from early retirement Thursday to take up the challenge of turning Boeing around after a series of quality and financial issues.

Warner Bros. Discovery stock plunges on $10 bn quarterly loss

Warner Bros. Discovery's share price plunged more than 10 percent after-hours on Wednesday after it reported a quarterly loss of almost $10 billion.

Anti-racism, pro-Palestinian protesters unite at London rally

As the advertised evening meet-up time for a rumoured far-right rally approached in northeast London, a crowd of several thousand anti-racism and pro-Palestinian protesters let out a cheer and clapped.

Anti-racism protesters out in force as UK police gird for far-right unrest

Thousands of anti-racism protesters took to the streets in several English cities on Wednesday to oppose days of far-right violence that have UK police on high alert.

Lauryn Hill and the Fugees cancel US tour dates

Rapper Ms. Lauryn Hill canceled the first leg of her US tour, a reunion with the Fugees, ticketing giant Ticketmaster said on Wednesday without saying why.

Chile's largest steelmaker suspends production, blames China

Chile's largest steel plant announced on Wednesday that it had suspended operations because it could not sustain itself financially, despite new tariffs on Chinese steel meant to protect local production.

Stocks extend recovery, yen slides as BOJ reassures on rates

Global stocks recovered further and the Japanese yen slid against the dollar on Wednesday as the Bank of Japan issued a dovish signal it will not hike interest rates further amidst market volatility.

Chinese woman loses appeal for right to freeze her eggs

An unmarried Chinese woman said Wednesday she had lost a final court appeal for the right to freeze her eggs, a procedure only available in China to married women.

Dutch PM risks early ejection from fire hazard office

Dick Schoof only became the Netherlands' prime minister last month, but he may soon already be shown the door -- of his fire-hazard office in The Hague.

Stocks extend recovery, yen slides as doves fly

Global stocks recovered further and the Japanese yen slid against the dollar on Wednesday as the Bank of Japan issued a dovish signal it will not hike interest rates amidst market volatility.

Coin Press - Economy (English)