Coin Press - Economy

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Featured

China seeks to 'tariff-proof' economy as trade war with US deepens

China is trying to tariff-proof its economy by boosting consumption and investing in key industries, but analysts say it remains critically vulnerable to the economic storm triggered by Donald Trump's 104 percent levies on its goods.

Some US consumers in 'survival mode' as Trump tariffs arrive

American consumers braced for pain even ahead of President Donald Trump's hefty tariffs on imported products, which came into effect overnight Tuesday into Wednesday.

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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.

Asian markets mixed as focus turns to inflation data

Asian equities were mixed Tuesday as investors await 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.

Inside Afghanistan's secret schools, where girls defy the Taliban

Nafeesa has discovered a great place to hide her schoolbooks from the prying eyes of her disapproving Taliban brother -- the kitchen, where Afghan men rarely venture.

Russia to launch Iranian satellite amid Ukraine war concerns

Russia is scheduled to launch an Iranian satellite into orbit on Tuesday, but Tehran brushed off fears that Moscow might use it in the war against Ukraine.

Beyonce tops US songs chart for first time in over a decade

After releasing her much-anticipated album "Renaissance," Beyonce has scored the number one spot on the top US songs chart for the first time in well over a decade.

Mexico to use underwater drone in search for trapped miners

Rescuers will deploy an underwater drone as part of efforts to save 10 workers trapped for five days in a flooded coal mine in northern Mexico, authorities said Monday.

Zaporizhzhia: Nuclear power plant caught in Ukraine war

The Russian-held Zaporizhzhia power plant in Ukraine, which is at the centre of international concern amid mutual accusations of shelling by Moscow and Kyiv, is Europe's biggest nuclear plant.

US news site Axios agrees to $525 mn buyout

US news website Axios, which has shot to prominence since its 2016 founding, has agreed to a $525 million deal to sell itself to US telecom group Cox Enterprises, the firms said Monday.

Germany's Schroeder to remain in ruling party despite Putin ties

Former German chancellor Gerhard Schroeder on Monday escaped being humiliatingly booted out of his party, as the ruling Social Democrats (SPD) found his ties with Vladimir Putin did not breach its rules.

Third fuel tank collapses as helicopters battle Cuban blaze

Cuban army helicopters scrambled to contain a blaze that felled a third tank at a fuel depot on Monday after burning for days, as the search continued for 16 missing firefighters.

Flood of donations for hungry Brazil boy who called police

A week ago, the cupboards of the Barros family's humble concrete shack were empty.

Pfizer to acquire sickle cell drugmaker GBT for $5 bn

American drugmaker Pfizer announced a deal on Monday to acquire Global Blood Therapeutics, makers of a recently approved treatment for sickle cell disease, for $5.4 billion.

Stocks rise, dollar eases as investors focus on US inflation

Stock markets rose and the dollar retreated Monday as investors turned their attention to US inflation data later this week and weigh the prospect of further monetary policy tightening.

Stocks rise, oil falls tracking recession risks

Stock markets largely rose and oil prices retreated Monday as investors mulled the prospect of recession in the United States and elsewhere and central banks seek to tame soaring inflation with aggressive interest rate hikes.

Gaza crossing opens as truce holds between Israel, Islamic Jihad

Fuel trucks entered Gaza as an Egypt-brokered truce between Israel and Islamic Jihad militants held Monday, raising hopes that the intense conflict that left dozens of Palestinians dead has ended.

Japan's SoftBank reports record quarterly net loss

Japan's SoftBank Group on Monday reported a record quarterly net loss of $23.4 billion, after central bank interest rate hikes caused tech shares to tank.

Gas crunch pushes German glassmaker to the brink

In 400 years, Heinz-Glas, one of the world's biggest producers of glass perfume bottles, has seen off many crises -- including the two World Wars and the oil shock of the 1970s in the last century alone.

Mexican president heads to mine disaster zone

Mexican President Andres Manuel Lopez Obrador said that he would visit a disaster-hit coal mining region on Sunday to see firsthand a major operation to try to rescue 10 workers.

Mexico president says to visit mine disaster zone

Mexican President Andres Manuel Lopez Obrador said Sunday that he would visit the coal mining area where rescuers are battling to save 10 workers who have been trapped for four days.

'Bullet Train' speeds to top of N.America box office

Sony's "Bullet Train," the last major studio release of the summer, sped to solid ticket sales of $30.1 million this weekend to top the North American box office, industry watcher Exhibitor Relations estimated Sunday.

No recession in Switzerland this year: chief economist

Switzerland does not expect to dip into recession this year despite the threat of an energy supply squeeze, the government's chief economist said Sunday.

More Ukraine grain sets sail as new strike hits nuclear site

Four more ships loaded with grain set off from Ukrainian ports on Sunday, as Moscow and Kyiv blamed each other for a new strike at a Russian-occupied nuclear plant.

More Ukraine grain sets sail as new shelling hits nuclear plant

Four more ships carrying around 170,000 tonnes of grain set off from the Black Sea ports of Odessa and Chornomorsk on Sunday, Ukrainian authorities said, as Moscow accused Kyiv of carrying out a new strike against a Russian-occupied nuclear plant.

Desperation deepens for families of trapped Mexican miners

Saturday's effort to rescue 10 Mexican coal miners trapped in a flooded deposit for four days ended with little progress, relatives said, with hopes of reaching any survivors dwindling.

Tonnes of fruit stranded in EU, S.Africa battle of oranges

Millions of boxes of oranges are spoiling in containers stranded at European ports as South Africa and the European Union lock horns in a dispute over import rules, citrus growers have said.

Flight tracking exposure irks billionaires and baddies

How to upset Russian freight companies, Elon Musk, Chinese authorities and Kylie Jenner in one go? Track their jets.

Holiday rush drives demand at Europe's busiest fuel station

The first Saturday in August, when Europe's July holidaymakers head homewards and its August sunseekers head south, is the busiest day of the year at the continent's busiest filling station.

'Decisive day' for trapped Mexican miners

A major operation to rescue 10 trapped Mexican coal miners was approaching a crucial moment on Saturday, President Andres Manuel Lopez Obrador said, raising the hopes of desperate relatives.

Cuba seeks help to contain depot fire that has injured dozens

Cuba asked for help Saturday to contain a massive fire at a fuel depot, sparked overnight by a lightning strike that left 77 people injured and 17 firefighters missing.

'Decisive day' for trapped Mexican miners, president says

A major operation to rescue 10 workers trapped in a flooded coal mine in northern Mexico was approaching a crucial moment on Saturday, President Andres Manuel Lopez Obrador said.

Pfizer in talks on $5 billion acquisition: media

American drugmaker Pfizer is close to a deal to purchase Global Blood Therapeutics, which manufactures a recently approved drug against sickle-cell anemia, for $5 billion, the Wall Street Journal has reported.

Coin Press - Economy (English)