Coin Press - Economy

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Featured

Asian markets struggle as traders weigh geopolitical tensions

Asian investors struggled Wednesday to track a positive lead from Wall Street as they assess the prospect of an escalation in the Russia-Ukraine war, Donald Trump's second presidency and the outlook for US interest rates.

Iraq holds its first census in nearly 40 years

Iraq is holding its first nationwide census in nearly four decades this week, a long-awaited count in a nation that has been blighted by sectarian and ethnic divisions.

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Bangladesh students vow to resume protests unless leaders freed

A Bangladeshi student group has vowed to resume protests that sparked a lethal police crackdown and nationwide unrest unless several of their leaders are released from custody on Sunday.

Defying downturn, auction houses bid high on Hong Kong

Three of the world's top auction houses are racing to expand in Hong Kong, eager to woo young Asian buyers even as the global art market retreats from pandemic-era highs.

US to help Amazon nations fight illicit finance, Yellen says

The United States is launching a new initiative to help South American nations disrupt illicit activities that harm the Amazon rainforest, Treasury Secretary Janet Yellen announced Saturday in Brazil.

LVMH's publicity in Olympics ceremony raises eyebrows

LVMH's high profile and highly visible product placement in the Paris Games opening ceremony surprised marketing experts and raises the possibility it could cause problems for the International Olympic Committee with their long-term sponsors.

French high speed train services still disrupted after sabotage

Traffic on three major French high-speed train lines remained disrupted Saturday, a day after saboteurs paralysed much of the rail network ahead of the Olympic Games opening ceremony in Paris.

Bangladesh says student leaders held for their own safety

Bangladesh said three student leaders had been taken into custody for their own safety after the government blamed their protests against civil service job quotas for days of deadly nationwide unrest.

Australia bans uranium mining at Indigenous site

Australia moved Saturday to ban mining at one of the world's largest high-grade uranium deposits, highlighting the site's "enduring connection" to Indigenous Australians.

Trump offers tech sector policy flips ahead of election

Fiercely against social media platform TikTok, cryptocurrency bitcoin and electric cars during his presidency, Republican presidential nominee Donald Trump has recently flip-flopped on several issues that are dear to Silicon Valley.

Spacecraft to swing by Earth, Moon on path to Jupiter

A spacecraft launched last year will slingshot back around Earth and the Moon next month in a high-stakes, world-first manoeuvre as it pinballs its way through the Solar System to Jupiter.

Lady Gaga, Celine Dion add sparkle to star-studded Olympic show

Lady Gaga, Celine Dion and French-Malian singer Aya Nakamura joined dancers, an opera diva and even a heavy metal band in an opening ceremony for the Paris Olympics that sought to proudly showcase French culture with a modern twist.

Airbus and Boeing supremacy secure despite turbulence

Boeing's safety troubles and the Airbus scramble to ramp up production should have left a gap for smaller rivals to challenge their dominatiion of the commercial airliner market.

G20 seeks common ground on taxing super-rich

G20 finance ministers are expected to take a first step towards international cooperation on taxing the super-rich Friday, with a deal in Brazil likely to call for individual nations to strengthen their own measures, rather than delivering a set of unified regulations.

Stocks rise as inflation data boosts rate cut hopes

Major stock markets pushed higher Friday as traders welcomed data showing US inflation is slowing, firming expectations for the Federal Reserve to start cutting interest rates in September.

Spain train driver jailed for 2.5 years over deadly 2013 crash

A Spanish court on Friday sentenced a train driver and a safety director to two-and-a-half years in prison over a 2013 crash that was the nation's deadliest rail disaster in nearly eight decades.

Russian central bank hikes key rate to fight inflation

Russia's central bank raised its key interest to 18 percent on Friday, the sixth hike in just over a year as it seeks to tame soaring price rises.

UK to reveal £20 bn hole in public finances: reports

Britain's new Labour government will announce next week that the country's public finances have an additional hole of around £20 billion ($26 billion), risking tax rises in an upcoming budget, media reported on Friday.

US Fed's favored inflation measure cools further in June

The US Federal Reserve's favored inflation measure eased further in June, according to government data published Friday, in more good news for policymakers ahead of next week's interest rate decision.

Electric car woes force German supplier ZF to axe jobs

German car parts manufacturer ZF said Friday it would cut a fifth to a quarter of jobs in Germany as it struggled with the switch to electric vehicles and foreign competition.

France's high-speed railway hit by 'sabotage' hours before Olympics

France's high-speed rail network was hit by arson attacks that disrupted travel for hundreds of thousands of passengers on Friday, just hours before the opening ceremony of the Paris Olympics.

Greece's 'Instagram island' Santorini nears saturation point

One of the most enduring images of Greece's summer travel brand is the world-famous sunset on Santorini Island, framed by sea-blue church domes on a jagged cliff high above a volcanic caldera.

Mongolians fight plastic pollution in vast steppe

Mongolian herder Purev Batmunkh sighs as he picks through waste strewn across a field -- the refuse of an unsightly and deadly waste pollution problem affecting swathes of the steppe.

TSMC leads chipmaker plunge as trade resumes after typhoon pause

Taiwanese giant TSMC tumbled with several other leading chip makers Friday as traders returned from a typhoon-imposed two-day break to play catch-up with a global tech rout.

In swing state Pennsylvania, middle class struggles to get by

The giant steelworks that greets visitors to Allentown, Pennsylvania once symbolized the city's success as an industrial hub. Today, its middle-class residents struggle to overcome the long-term impacts of post-pandemic inflation.

Five things to know about Venezuela

Venezuela, the once-prosperous South American country now scarred by years of economic ruin and political repression, holds elections on July 28, with authoritarian President Nicolas Maduro seeking a third term.

Historic French club Bordeaux to become amateur after bankruptcy

Former French Ligue 1 champions Bordeaux on Thursday said they will become an amateur club for the first time in almost 90 years after filing for bankruptcy.

Video game actors to strike in California

Hollywood's video game actors will go on strike early Friday to demand safeguards against artificial intelligence, the US actors' union announced.

US rejects plan for G20 deal to tax super-rich

The United States sees no need to negotiate an international agreement on taxing the super-wealthy, US Treasury Secretary Janet Yellen said Thursday, highlighting divisions on a plan that is top of the agenda at a G20 finance ministers' meeting in Rio de Janeiro.

American Airlines reports lower profits but wins on IT outage

American Airlines lowered its 2024 outlook Thursday on lingering effects of a botched booking system upgrade, but shares rallied as it touted a speedy recovery to last week's IT outage that plagued rivals.

US sees no need for global deal to tax super-rich: Yellen

The United States sees no need to negotiate an international agreement on taxing the super-wealthy, Treasury Secretary Janet Yellen said Thursday on the sideline of a G20 finance ministers' meeting.

US stocks rise after tech-led selloff

Wall Street stocks rose Thursday as robust US economic growth boosted sentiment following a tech-led selloff, but European markets wavered following a raft of disappointing company results.

Deutsche Bahn suffers 16-fold jump in losses in first half

Germany's state-owned train operator Deutsche Bahn said Thursday that its year-on-year net losses soared 16-fold in the first half of 2024, reflecting the impacts of extreme weather, strikes and upgrades to its ageing network.

In Rio, G20 finance ministers to mull taxing the super-rich

Faced with growing global inequality, G20 finance ministers meeting Thursday in Rio de Janeiro will tackle the thorny issue of taxes for the super-rich, a topic that has divided member states.

Coin Press - Economy (English)