Coin Press - Economy

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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.

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Inflation-fighting BoE poised to unleash big rate hike

The Bank of England is expected Thursday to follow other major central banks with an aggressive interest rate hike to tackle surging inflation.

Argentina economy minister vows to respect IMF deficit deal

Argentina's new economic "super minister" pledged on Wednesday to respect the crisis-wracked country's commitment with the IMF to reduce its public deficit to 2.5 percent this year.

Brazil hikes interest rate, signals may tighten further

Brazil's central bank raised its benchmark interest rate for the 12th straight time Wednesday, citing an "adverse and volatile" global economy, and indicated its tightening cycle, one of the world's most aggressive, may not be over.

A real treat: Canadian candy company seeks professional taster

The chance to earn an annual salary of Can$100,000 (US$78,000) by tasting more than 3,500 candies, all from the comfort of your couch, sounds like a pretty sweet deal.

Airbus scraps A350 contract with Qatar Airways in feud

European aircraft maker Airbus has cancelled its contract to deliver 19 A350 planes to Qatar Airways, a source close to the matter said Wednesday, amid a feud between the two aviation giants.

Gazprom says gas turbine delivery to Russia 'impossible' due to sanctions

Russian energy giant Gazprom said Wednesday that delivery of a turbine needed to keep gas flowing to Europe via the Nord Stream 1 pipeline was "impossible" due to sanctions on Moscow.

UN chief slams 'excessive' profits of oil, gas firms amid Ukraine war

UN Secretary-General Antonio Guterres on Wednesday accused oil and gas companies of making "excessive" profits from the energy crisis sparked by the war in Ukraine, calling it "immoral."

Monkeypox vaccine availability and effectiveness

A smallpox vaccine shown to protect against monkeypox has come under huge global demand, leading health authorities to warn against repeating the unequal distribution seen during the Covid pandemic.

Stock markets rise after Pelosi's Taiwan trip

Global stocks mostly rose on Wednesday as investor concerns over US-China tensions eased following House Speaker Nancy Pelosi's trip to Taiwan.

OPEC+ agrees small oil output rise despite Biden plea

The OPEC+ oil cartel agreed to a small increase in production Wednesday, likely disappointing US President Joe Biden who lobbied for a big hike to tame soaring energy prices on a recent trip to Saudi Arabia.

Turkish inflation stabilises at under 80% in boost to Erdogan

Turkey's annual inflation rate stabilised in July at just under 80 percent, official data showed on Wednesday, helping support President Recep Tayyip Erdogan's pledges that runaway price increases would soon stop.

Scholz opens door to extend nuclear as Russia squeezes gas supply

German Chancellor Olaf Scholz on Wednesday raised the possibility of keeping nuclear plants going as he accused Russia of blocking the delivery of a key turbine to throttle gas supplies to Europe.

Satellite firm bars Russia's NTV Mir over Ukraine Nazi slurs

French satellite company Eutelsat on Wednesday halted European broadcasts of Russian channel NTV Mir after regulators flagged content it had aired comparing Ukrainians to Nazis.

Make stoves, not war: Ukrainian blacksmith helps troops

He'd hardly know a Beretta from a Bazooka, but Anton Zaika can sure find his way around a blacksmith's forge -- and he is helping Ukraine's war effort in his own unique way.

OPEC+ meets after Biden push to hike oil output

The OPEC+ group of major oil exporters meets Wednesday to discuss its output strategy after US President Joe Biden lobbied Saudi Arabia to boost production to tame soaring prices.

Sri Lanka faces 'great danger' as crisis drags

Sri Lanka faces a "great danger" with fuel shortages sparked by its unprecedented economic crisis set to continue at least till the year's end, President Ranil Wickremesinghe warned Wednesday.

Solar electric tricycles give Zimbabwean women a lift

For years, selling eggs was a joyless business for Danai Bvochora, as most of the money she made went to cover minibus fares to the market in a rural area of Zimbabwe.

Percent of Americans without health coverage hits new low

The proportion of the US population with no health insurance in the United States reached a new low in early 2022 at eight percent, President Joe Biden's administration said Tuesday.

US loan delinquencies creep up amid high debt loads: report

US households have continued to take on more debt, in part to deal with soaring prices, a report showed Tuesday, while cases of borrowers unable to pay loans are creeping up in a troubling sign of things to come.

New Liga sponsors EA Sports to 'revolutionise' Spanish football

US video games giant Electronic Arts will replace Spanish bank Santander as the title sponsor of La Liga from summer 2023, the league announced on Tuesday.

Caterpillar profits rise but says supply chain still messy

Strong industrial demand in most leading markets lifted Caterpillar's results in the latest quarter, but the US heavy equipment maker said Tuesday it faced persistent supply chain problems.

Uber reports loss, but beats income expectations

Uber reported better-than-expected revenue on Tuesday, fueled by strong demand for the San Francisco-based company's ride-hailing and food delivery services that sent its shares upward.

Ferrari lifts annual target after record orders

Luxury Italian carmaker Ferrari raised its financial targets for the year on Tuesday after reporting record orders in the second quarter.

British Airways halts short-haul Heathrow flight sales

British Airways on Tuesday suspended ticket sales for short-haul London Heathrow flights until at least Monday, in order to meet the hub's request to cap flights due to staff shortages.

Uber posts quarterly loss, but revenue exceeds expectations

Uber on Tuesday reported better-than-expected revenue in the second quarter, fueled by strong demand for the San Francisco-based company's ride-hailing and food delivery services.

Nearly 700 migrants crossed Channel on Monday in 2022 record: UK

Almost 700 migrants and asylum seekers crossed the Channel to Britain in a single day this week, a new record for the year, the UK government said Tuesday.

BP profit triples to $9.3 bn on soaring energy prices

British oil giant BP rebounded to second-quarter profit on soaring energy prices, it said Tuesday, after a big loss linked to its Russia exit following Moscow's invasion of Ukraine.

Argentine judge allows some crew of grounded Venezuela plane to depart

An Argentine judge investigating the Iranian and Venezuelan crew of a cargo plane that has been grounded in Buenos Aires since June authorized the departure of 12 of them on Monday, local media reported.

China population to begin shrinking by 2025: officials

China's population will begin to shrink by 2025, officials have said, as family sizes grow smaller and citizens age.

Crackdown seeks to stifle Iran's critical voices

Executions on a scale not seen for years. Mass arrests of regime critics including top film-makers. Trials of foreign nationals denounced as a sham by their families.

Beyonce to remove offensive lyric after disabled community outcry

Beyonce will remove a derogatory term for disabled people from her new song "Heated," a spokesperson said Monday, after its use was condemned as offensive by campaigners.

In Paris, monkeypox vaccination gains steam with volunteer help

Doctor Kevin Huy was vaccinating people in Paris against Covid-19 when he answered a call for volunteers to inoculate against a more recent global outbreak -- monkeypox.

Coin Press - Economy (English)