Coin Press - Economy

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Featured

Japanese, Koreans bottom of global love life survey

Japanese people are the least satisfied with their sex and romantic lives, closely followed by South Koreans, a global survey by a French research firm showed.

Taliban govt clearing 'un-Islamic' books from Afghanistan shelves

Checking imported books, removing texts from libraries and distributing lists of banned titles -- Taliban authorities are working to remove "un-Islamic" and anti-government literature from circulation.

Last news

Global stocks mostly lower ahead of major tech earnings results

Global stock markets closed mostly lower Tuesday ahead of key company earnings, following a strong start to a week dominated by the spellbinding US presidential race.

Coca-Cola lifts full-year forecast after profits top estimates

Coca-Cola raised some of its full-year financial projections Tuesday as it reported better-than-expected profits, pointing to a lift from premium products that countered weakness in some markets.

French luxury giant LVMH half-year net profit drops 14%

The world's largest luxury group, LVMH, said Tuesday its half-year net profit slid 14 percent amid an uncertain geopolitical and economic environment.

Strong US sales boost GM results as it slows some EV plans

General Motors reported higher profits Tuesday behind another round of strong North American auto sales, with executives vowing a flexible approach to electric vehicle (EV) investment while demand growth ebbs.

Stocks diverge as earnings in focus after US election drama

Global stock markets diverged Tuesday as the focus turned to tech company earnings following a strong start to a week dominated by the spellbinding US presidential race.

'Assassin's Creed' makers defend 'creative liberties' in black samurai row

The makers of "Assassin's Creed" defended their "creative liberties" on Tuesday after nearly 100,000 people signed a petition launched in Japan against the introduction of a new black samurai character.

L'Occitane to exit Hong Kong stock exchange

French luxury beauty products firm L'Occitane said Tuesday its shares would be removed from the Hong Kong stock exchange after a public offer had received sufficient support.

June US home sales slower than expected, prices hit fresh high

US existing home sales dropped more than expected in June, according to industry data released Tuesday, while the median price hit a new high.

Ireland's Aer Lingus settles pilot pay row

A long-running row over pay between Irish airline Aer Lingus and pilots that led to hundreds of flight cancellations was settled Tuesday after pilots accepted an 18-percent wage hike.

BBC to axe 500 more jobs in bid to be 'more agile'

The BBC is to axe 500 jobs over the next 20 months in a bid to save £200 million ($258 million) and become a "leaner, more agile organisation," the British public service broadcaster announced Tuesday.

Spotify adds paid subscribers, beating estimates

Swedish music streaming giant Spotify said Tuesday that it added seven million paid subscribers in the second quarter, beating forecasts after it raised prices.

Stocks diverge tracking US election battle, earnings

Stock markets diverged Tuesday following a strong start to a week dominated by the battle to become the next president of the United States.

New 'vaccine-like' HIV drug could cost just $40: researchers

A new "vaccine-like" HIV drug that currently costs over $40,000 per person a year could be made for as little as $40, researchers estimated on Tuesday.

India on $24 bn jobs drive in Modi's first post-election budget

India's government will spend $24 billion on employment and training, it said Tuesday, as Prime Minister Narendra Modi looks to address uneven economic growth and mollify disgruntled voters after a surprising election setback last month.

Bosses resign at Japan health supplement firm probing deaths

The chairman and president of a major Japanese dietary supplement maker announced their resignation on Tuesday, as the company probes dozens of deaths potentially linked to products meant to lower cholesterol.

Theme park's novel bid to fix South Korea youth unemployment

At a kids' role-playing theme park in Seoul, 23-year-old Park Woo-joo is on a very adult mission: the university-educated but unemployed South Korean is searching for his future career.

Rural Venezuela bearing the brunt of economy in ruins

Shortages of fuel and electricity, hospitals in ruins and impassable roads: outside the relative comfort of Caracas, years of economic crisis have taken their toll on rural Venezuela.

Abdul 'Duke' Fakir of The Four Tops dead at 88

Abdul "Duke" Fakir -- the last original member of the Four Tops, the Motown hitmakers behind classics like "I Can't Help Myself (Sugar Pie Honey Bunch)" -- died Monday, US media said. He was 88 years old.

Rebounding chip shares lead US stocks higher

Semiconductor shares were among the big winners Monday, rebounding from recent weakness as US stocks climbed ahead of major earnings and economic data later this week.

The coconut tree presidency? Harris memes break the internet

Last-minute US presidential candidate Kamala Harris is racing to craft her image -- and social media users are moving even more swiftly to signal support, flooding the internet with jokes about coconuts and "brat summers."

Stocks take Biden exit from White House race in stride

Wall Street stock markets rose Monday despite Joe Biden's decision to drop out of the US presidential race fuelling fresh uncertainty.

Deep ocean 'dark oxygen' find could rewrite Earth's history

In the total darkness of the depths of the Pacific Ocean, scientists have discovered oxygen being produced not by living organisms but by strange potato-shaped metallic lumps that give off almost as much electricity as AA batteries.

Crisis-hit Boeing flies high at Farnborough Airshow

Boeing announced Monday a raft of orders on the first day of Britain's Farnborough Airshow, shrugging off safety and production woes as the industry struggles to keep up with demand.

Korean Air orders 40 Boeing planes

Korean Air lodged a firm order Monday for 40 Boeing 787 and 777X wide-body aircraft at Britain's Farnborough airshow, handing a boost to the embattled US aviation giant.

UK unveils training effort to reduce reliance on migration

Prime Minister Keir Starmer vowed Monday to reduce the UK's "long-term reliance on overseas workers" as he unveiled a new skills training organisation aimed at boosting productivity and economic growth.

Stocks diverge, dollar down as Biden exits White House race

Stock markets diverged and the dollar dropped Monday as Joe Biden's decision to drop out of the US presidential race fuelled fresh uncertainty.

Spurs star Son's dad accused of verbally abusing young players

Tottenham Hotspur star Son Heung-min's father has been accused of verbally abusing a young player at his football academy in South Korea, according to a police interview transcript given to AFP by a lawyer on Monday.

Greenland arrests anti-whaling activist on Japan warrant

Police in Greenland arrested prominent anti-whaling environmentalist Paul Watson under an international warrant issued by Japan, authorities and his foundation said.

Flooding drives Liberia to mull capital city move

Severe flooding in Liberia has led a group of senators to propose relocating the capital city away from overcrowded and poorly managed Monrovia, a suggestion met with a mixture of enthusiasm and hesitancy in the West African country.

Nomadic roots, urban lives: the young Mongolians leading a transition

Freezing from horseback riding in the winter and helping her herder parents tend to livestock during summers spent outdoors -- Bat-Erdene Khulan vividly remembers her childhood on Mongolia's steppe.

Trial starts for Vietnam tycoon in $146 million graft case

A former Vietnamese property and aviation tycoon charged with $146 million in fraud and stock market manipulation went on trial in Hanoi Monday, the latest corruption case targeting the communist country's business elite.

China central bank cuts two key rates to support flagging economy

China's central bank on Monday cut two benchmark interest rates in a bid to boost lending and kickstart growth in the world's second-largest economy.

Coin Press - Economy (English)