Coin Press - Economy

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Featured

Stock markets retreat ahead of Nvidia earnings

US and European stock markets retreated on Wednesday as investors eagerly awaited results from artificial-intelligence giant Nvidia.

Ford to cut 4,000 jobs in Europe

US car giant Ford on Wednesday announced 4,000 more job cuts in Europe, mostly in Germany and Britain, in the latest blow to the continent's beleaguered car industry.

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EU targets UAE telecoms firm in new anti-subsidy probe

The European Union on Monday announced a formal anti-subsidy probe targeting an Emirati telecoms company, the first action under new rules to focus on a foreign bid to buy EU assets.

European stocks, euro stumble on EU vote turmoil

Europe's stock markets and the euro slid Monday after far-right parties performed well in EU elections, prompting French President Emmanuel Macron to call a snap parliamentary poll and plunging the bloc into political turmoil.

Irish PM urged to call early election after surge in support at polls

Ireland's prime minister Simon Harris was being urged Monday to call an early general election to capitalise on a surge in support for the government and a slump for the main opposition in European and local polls.

Fans get 8 months jail for racism targeting Real Madrid's Vinicius

Three Valencia fans were handed eight-month jail terms Monday for racist abuse towards Real Madrid star Vinicius Junior, a court said, in what Spain's La Liga said was the first such conviction in Spain.

Fencing offers teens hope in impoverished Nairobi slum

Along the muddy tracks of a sprawling slum in Kenya's capital Nairobi, scores of teenagers learn how to fence each weekend under Mburu Wanyoike, whose initiative offers hope in a place bedevilled by crime and lack of opportunity.

Thieves ram-raid Chanel store in Paris

Several thieves used a car early Monday morning to ram-raid a Chanel store near the Champs-Elysees avenue in Paris before setting it on fire and fleeing in another vehicle, a police source said.

European stocks, euro drop as EU vote sparks uncertainty

European markets sank with the euro on Monday after a win for far-right parties in EU elections and French President Emmanuel Macron's decision to call a snap parliamentary poll fuelled uncertainty in the bloc.

The Thai 'boys' love' TV dramas conquering Asia

At her lowest point, fighting burnout and depression in her Chinese hometown, Huang Bingbing says she found comfort in watching the escapist love story of two young men on a then-unknown Thai TV drama.

Tunisian all-women's team eye inventors' prize for smart wheelchair

A smart wheelchair system built by a team of young Tunisian women engineers has reached the finals for a prestigious European inventors' prize, setting a hopeful precedent in a country embroiled in multiple crises.

Asian markets fall as strong US jobs data dents rate cut hopes

Asian markets mostly fell Monday as a mixed jobs report eased worries about the US economy but dampened hopes for interest rate cuts, while political uncertainty in Europe weighed on the euro.

Apple to break AI silence at developers conference

Apple on Monday will attempt to persuade doubters on its AI strategy after rivals raced ahead in adopting artificial intelligence.

'Call of Duty' leads packed Xbox video game lineup

Microsoft's Xbox team on Sunday showcased action-packed coming video games and a new digital-only version of its console to launch by the end of this year.

Saudi Aramco says foreigners grab 'majority' of share offering

Oil giant Saudi Aramco said Sunday that international investors had snatched up the bulk of shares sold in its latest offering, which was set to raise $11.2 billion.

Tourism buoys southern Europe's 'Club Med' nations

Derided as "Club Med" nations during the European debt crisis 15 years ago, the economies of Spain, Greece and Portugal are now outperforming their northern peers thanks to a rebound in tourism.

US Fed likely to remain on pause and pare back rate cut expectations

The US Federal Reserve is likely to keep interest rates unchanged this week, but could pare back the number of cuts it has penciled in for this year, as policymakers digest a mixed bag of economic data.

Syria's forgotten health crisis needs healing: WHO regional chief

Syria's shattered healthcare system has been forgotten by the world at large, a top WHO official said, urging new, creative thinking to halt the exodus of medical staff abroad.

Centenarian WWII vet marries sweetheart, 96, in Normandy after D-Day events

It might have been the longest wait but on Saturday 100-year-old American World War II veteran Harold Terens married his 96-year-old fiancee in Normandy, just days after being honoured on the 80th anniversary of the D-Day landings in northern France.

Israel 'disgusted' at inclusion on new UN human rights blacklist

The upcoming inclusion of Israel on a UN list of countries and armed forces determined to be failing to protect children in war prompted a furious Israeli response Friday.

US stocks edge lower as traders weigh jobs report

Wall Street stocks seesawed Friday as a hotter-than-expected US jobs report soothed worries about the economy but fueled concerns that the Federal Reserve would keep interest rates higher for longer.

US stocks rise as traders weigh jobs report

Wall Street stocks seesawed Friday as a hotter-than-expected US jobs report soothed worries about the economy but fuelled concerns that the Federal Reserve would keep interest rates higher for longer.

BYD says to build second EU factory despite EV slowdown

Chinese electric vehicle giant BYD is still committed to building a second factory in Europe and will roll out hybrid cars as the EV market slows down, a group executive told AFP.

Stock markets fall as US jobs report stokes rate concerns

Stock markets retreated Thursday as a hotter-than-expected US jobs report raised concerns that the Federal Reserve would keep interest rates higher for longer.

US hiring surges past expectations as job market still strong

US job growth blew past estimates in May while unemployment also edged up, according to government data released Friday, underscoring the labor market's resilience as policymakers seek to cool the economy gradually.

European stock markets decline before US jobs report

Stock markets retreated and the dollar steadied Friday before US jobs data that could play a key role in the Federal Reserve's plans for cutting interest rates, with the central bank's next policy decision looming.

Samsung workers in South Korea stage first strike: union

Workers at tech giant Samsung Electronics in South Korea staged the first strike at the company on Friday, the head of a major union representing tens of thousands of people said.

Japan household spending sees first rise in 14 months

Japan's household spending rose in April for the first time in 14 months, official data showed Friday, as wages grow at the fastest pace in three decades.

Asian markets swing as traders eye major US jobs report

Asian markets fluctuated Friday and investors trod cautiously ahead of US jobs data that could play a key role in the Federal Reserve's plans for cutting interest rates, with the bank's next policy decision looming next week.

Samsung workers in S. Korea stage first strike: union

Workers at tech giant Samsung Electronics in South Korea staged the first strike at the company on Friday, the head of a major union representing tens of thousands of people told AFP.

Boeing Starliner crew aboard ISS after challenging docking

A Boeing Starliner capsule carrying its first ever astronauts docked with the International Space Station on Thursday after overcoming unexpected challenges arising from thruster malfunctions and helium leaks.

European stocks up as ECB cuts rate, US stocks mixed

European stock markets rose Thursday as the European Central Bank cut interest rates for the first time since 2019 -- but gains were muted as sticky inflation blurs the outlook for more reductions.

Disputes flare in Brazil between landowners, occupiers

At the heart of Brazil's savannah, Adonilton Rodrigues toils on a small plot he illegally occupies as part of a movement battling the country's old land-ownership inequalities.

Boeing's Starliner docks with ISS on first crewed mission

A Boeing Starliner capsule carrying its first ever NASA astronauts docked with the International Space Station on Thursday after overcoming some challenges affecting its propulsion system.

Thruster problems delay Boeing Starliner docking with ISS

The planned docking of a Boeing Starliner capsule carrying its first astronauts to the International Space Station has been delayed as teams work to troubleshoot problems affecting the propulsion system, NASA said Thursday.

ECB makes first rate cut since 2019 but sees 'bumpy road'

The European Central Bank cut interest rates for the first time since 2019 on Thursday as eurozone inflation gradually eases, but president Christine Lagarde said the path ahead was unclear and warned of a "bumpy road".

European stocks up as ECB cuts rate

Europe's main stock markets were up but pared some gains Thursday as the European Central Bank cut interest rates for the first time since 2019 while warning that inflation would remain sticky.

US trade gap widens to largest in 18 months

The US trade deficit expanded slightly less than analysts expected in April, to the widest since late 2022, as imports rose more quickly than exports, according to government data released Thursday.

ECB starts cutting rates, but warns on inflation

The European Central Bank made its first interest rate cut since 2019 Thursday, reducing borrowing costs from record highs, but gave few clues about its next move while warning of continuing inflation pressures.

Boeing Starliner spacecraft springs more leaks on way to ISS

Boeing's Starliner crew capsule, which is making its way to the International Space Station on its first mission carrying astronauts, has developed two helium leaks since entering orbit but remains stable and on course for docking, NASA said.

Europe stocks advance before expected ECB rate cut

Europe's main stock markets climbed higher Thursday, with sentiment buoyed by rising expectations of an imminent interest-rate reduction from the European Central Bank.

Coin Press - Economy (English)