Coin Press - Economy

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Featured

'Stop the slaughter': French farmers block roads over cow disease cull

Farmers in southwestern France blocked roads and set fire to bales of hay Saturday to protest the culling of cows due to a skin disease, as the government said one million cattle would be vaccinated.

Juventus owners reject crypto offer for club

Juventus's main shareholder on Saturday officially rejected an offer made the previous evening by a cryptocurrency firm to buy Italy's most successful football club.

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UBS takes over Credit Suisse in move to calm the markets

UBS will take over its troubled Swiss rival Credit Suisse for $3.25 billion following crunch talks Sunday aimed at stopping the stricken bank from triggering a wider international banking crisis.

Macron calls for calm amid French pension fury before crucial votes

French President Emmanuel Macron said Sunday he hoped his bitterly contested pensions reform plan, forced through parliament without a vote, could complete "its democratic journey", a day before crucial votes in parliament.

Controversial regasification unit arrives in Italy

A new floating storage and regasification unit considered crucial to Italy's energy security arrived in Tuscany on Sunday, sparking local protests.

Credit Suisse: a bank sunk by scandals

Credit Suisse was a pillar of Swiss banking that rapidly collapsed, its foundations fatally undercut by repeated missteps that left it shaky when storms in the banking sector began swirling.

UBS in $3.25bn takeover of Credit Suisse

UBS will take over its troubled Swiss rival Credit Suisse for $3.25 billion following crunch talks Sunday aimed at stopping the stricken bank from triggering a wider international banking crisis.

UBS agrees to take over Credit Suisse

UBS has agreed to take over its troubled Swiss rival Credit Suisse, the president of Switzerland announced Sunday, following urgent talks aimed at sparing the embattled bank from a bloodbath when the markets reopen.

'Shazam!' sequel tops N.America box office but lacks magic

"Shazam! Fury of the Gods" topped the North American box office this weekend with an estimated $30.5 million opening, but that represented a sharp dropoff from the original blockbuster and analysts called the result disappointing.

UBS, Credit Suisse lock horns in takeover talks

UBS is prepared to take over its troubled Swiss rival Credit Suisse but only for a knockdown price, reports said Sunday amid urgent talks aimed at saving the embattled bank from a bloodbath when the markets reopen.

New pension protests in France ahead of crucial votes

France faced another day of protests Sunday against a bitterly contested pension reform rammed through by President Emmanuel Macron's government, a day before crucial no-confidence votes in parliament.

Putin visits Mariupol in first trip to captured territory

Russian President Vladimir Putin made a surprise trip to Mariupol, the Kremlin said Sunday, his first visit to territory captured from Ukraine since the start of Moscow's offensive.

Unwanted visitor ruins spring break in Florida - toxic algae

With its brilliant sun, white sand and turquoise water, Lido Key Beach would make for a perfect postcard of Florida beaches if it weren't for the dozens of dead fish lying on the shore, killed by a toxic algae bloom known as red tide.

US Fed to balance banking woes, inflation in next rate decision

US central bankers face an unenviable task when they gather in Washington next week: tackling persistent inflation without adding to financial sector turmoil after Silicon Valley Bank's rapid collapse.

UBS and Credit Suisse: similar Swiss banks with differing fortunes

UBS and Credit Suisse, the two biggest banks in Switzerland, are in takeover talks, according to several media -- a move long deemed unthinkable as the pair are so similar.

Britain defends Rwanda asylum plan as 'compassionate'

Britain's interior minister defended a controversial plan to deport asylum seekers who arrive in the UK illegally to Rwanda during a visit to the country on Saturday, saying it was "compassionate".

French protest over Macron forcing through pension reform

People took to the streets across France on Saturday after President Emmanuel Macron imposed an unpopular pension overhaul without a parliament vote.

Guillaume Diop, more than just the first black star of Paris Opera

He is the first black person to achieve the exalted status of an "etoile" dancer at the Paris Opera, but that is only a small indication of what makes Guillaume Diop one of the most exciting ballet talents of his generation.

Japan, Germany pledge closer ties as Scholz visits Tokyo

Japan and Germany pledged closer defence ties and cooperation on diversifying supply chains as Chancellor Olaf Scholz and Prime Minister Fumio Kishida met in Tokyo Saturday.

Crunch weekend for crisis-hit Credit Suisse

Troubled Credit Suisse has two days to reassure before the markets open Monday with the spectre of a new turbulent week in global finance looming.

France faces weekend of protests over pension reform

France on Saturday braced for a weekend of protests, after a second night of unrest sparked by President Emmanuel Macron imposing an unpopular pension overhaul without a parliament vote.

Iranians face dilemma as New Year and Ramadan coincide

Tehran is emptying ahead of the Persian New Year, as is the case annually, but this time around Iranians are being forced to adapt as the festival coincides with Ramadan.

Censorship or evolution? 'Sensitivity readers' divide publishing world

It's a profession which is increasingly under the spotlight as the culture wars rumble on: "sensitivity readers" -- editors who identify insensitivities or stereotypes in manuscripts -- are becoming a lightning rod for the publishing industry.

Women sumo wrestlers 'breaking prejudice' in Brazil

If the phrase "sumo wrestler" calls to mind a hefty Asian man in a loincloth, Valeria and Diana Dall'Olio, a mother-daughter sumo wrestling team from Brazil, have a message: think again.

Turkey still hopeful of extension to Ukraine grain deal

Turkey is hoping that a grain export deal between Kyiv and Moscow key to alleviating a global food crisis can be extended for another 120 days -- but time is running out.

Huawei has replaced thousands of US-banned parts with Chinese versions: founder

Chinese technology giant Huawei has replaced thousands of product components banned by the United States with homegrown versions, its founder has said, according to a transcript of a recent speech released by a Shanghai university.

A Yellow Vest rerun? Anti-Macron protests could harden

French President Emmanuel Macron's move to force through his pension reform by short-circuiting parliament, unions and public opinion could rekindle social unrest reminiscent of the Yellow Vest movement, union leaders predict.

Musk says code for recommending tweets will be public

Twitter owner Elon Musk on Friday put out word that he will make public the long-secret algorithm for recommending tweets.

Bank fears return to haunt global stock markets

Stocks markets tumbled again on Friday as fears of a banking crisis resurfaced despite massive financial lifelines thrown at embattled lenders to prevent contagion across the sector.

French govt faces no-confidence votes over pensions fight

French President Emmanuel Macron's government on Friday faced no-confidence motions in parliament and intensified protests after imposing a contentious pension reform without a vote in the lower house.

Interest rate risk: SVB's nemesis a well-known foe in banking

Among the mysteries surrounding the collapse of Silicon Valley Bank, finance experts have fixated on the California lender's failure to practice basic risk management.

Credit Suisse at a crossroads as stocks slide again

Credit Suisse shares fell again Friday despite being bolstered by the Swiss central bank as investors worry about which road the embattled lender will take to try and restore confidence.

Biden celebrates St Patrick's Day with Irish PM

President Joe Biden and Irish Prime Minister Leo Varadkar painted the town green Friday, celebrating Saint Patrick's Day -- and touting Biden's expected visit to Ireland and Northern Ireland to mark the anniversary of the Good Friday peace accords.

Bank fears return to haunt stock markets

Stocks markets tumbled again on Friday as fears of a banking crisis resurfaced despite massive financial lifelines thrown at US and Swiss lenders to prevent contagion across the sector.

Coin Press - Economy (English)