Coin Press - Economy

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Featured

US Fed official warns against cutting rates 'too quickly'

The US Federal Reserve should be careful not to cut rates "too quickly" and risk reigniting stubborn inflation, a senior bank official said Wednesday.

Arnault family to complete Paris FC takeover 'in coming days'

The family of France's richest person, Bernard Arnault, will complete the acquisition of Paris FC "in the coming days", the Ligue 2 club's president said during a press conference Wednesday.

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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.

Russian central bank chief calls for 'open economy'

Russia's central bank chief called Thursday for Russia to be an "open economy" despite the barrage of Western sanctions and trading restrictions it has been hit with over its Ukraine offensive.

Spain's Disfrutar named world's top restaurant by 50 Best

Barcelona restaurant Disfrutar was named Thursday as the best in the world by the influential 50 Best list in a year dominated by Spanish and Latin American restaurants.

Markets track Wall St records as US jobs fuel rate cut hopes

Markets extended a surge on Wall Street Thursday as another round of soft US jobs data ramped up bets on the Federal Reserve cutting interest rates this year.

Solar investment outstrips all other power forms: IEA

More money is pouring into solar power than all other electricity sources combined, with investments set to reach half a trillion dollars this year, the world's top energy research body said Thursday.

ECB to start cutting rates from record highs

The European Central Bank is expected to start cutting interest rates from record highs Thursday, its first reduction in nearly five years, but volatile inflation means the path ahead is uncertain.

Asian markets track Wall St record as US jobs fuel rate cut hopes

Asian markets extended a surge on Wall Street Thursday as another round of soft US jobs data ramped up bets on the Federal Reserve cutting interest rates this year.

Armed Syrian Kurdish women stand guard over precious wheatfields

Holding a weapon in one hand and fixing her scarf with the other, Yasmine Youssef patrols one of northeast Syria's vast wheatfields, a vital source of income in the country's breadbasket.

Chile's lithium dreams raise water concerns in the desert

As night falls in Chile's Atacama desert, the world's driest, a drilling machine extracts brine to measure levels of lithium -- a crucial mineral for the global switch to cleaner energy, but harmful in its own way.

After a bitter break-up, Trump makes up with billionaire donors

In an electoral system in which money is the ultimate kingmaker, Donald Trump has been courting the country's billionaires -- and they have their checkbooks ready.

More than 1 in 4 children under age 5 face 'severe' food poverty: UNICEF

More than one in four children under the age of five globally live in "severe" food poverty, UNICEF has warned -- meaning more than 180 million are at risk of experiencing adverse impacts on their growth and development.

US Republicans block bill protecting access to contraception

Republicans in the US Senate on Wednesday blocked a bill recognizing a legal right to contraception, introduced as part of a Democratic effort to highlight threats to reproductive freedoms as a key issue in November elections.

UN nuclear watchdog board passes resolution criticising Iran

The UN nuclear watchdog's board of governors has passed a resolution criticising Iran's lack of cooperation with the agency, diplomats told AFP on Wednesday, a decision Tehran slammed as "hasty and unwise".

Work-life balance, housing shortage prompts Irish exodus

As Europe goes to the polls, skewed work-life balance, housing and cost of living crises are key issues for people across the continent.

Apple faces pressure to deliver on AI at developer conference

Apple is expected to make the case next week that it is not being left behind as tech world rivals blaze ahead with artificial intelligence.

New York halts controversial driver congestion charge

New York dropped a controversial plan Wednesday that would have charged drivers to enter central Manhattan, amid criticism that it would hit businesses and poorer motorists disproportionately.

The disability comedy besting blockbusters in France

A low-budget French comedy about a camp for disabled people has become a "societal phenomenon" in France, trouncing Hollywood blockbusters like "Dune 2" and Mad Max spin-off "Furiosa".

Stock markets rise on US jobs data, looming eurozone rate cut

US and European stock markets climbed Wednesday on the eve of an expected European Central Bank interest-rate cut, and as US jobs data fuelled hopes the Federal Reserve will follow suit in the coming months.

Planet overheating, ban fossil fuel ads: UN chief

Humans are as dangerous to the planet as the meteorite that drove dinosaurs to extinction, the UN chief said Wednesday, as scientists announced the last 12 months were the hottest on record.

European stocks rise before rate cut, Wall Street mixed

European stock markets rose Wednesday on the eve of an expected interest-rate cut by the European Central Bank, but Wall Street was mixed as investors digested data that could influence the Federal Reserve's own monetary policy.

LGBTQ group file complaint against three Ligue 1 players and clubs

A French group campaigning aganst homophobia in football filed a complaint on Wednesday against Ligue 1 players Mohamed Camara, Mostafa Mohamed and Nabil Bentaleb and their clubs for "public provocation towards hatred because of sexual orientation".

Private sector hiring in US cools more than expected: ADP

Job gains in the US private sector slowed again in May on a slump in manufacturing, payroll firm ADP said Wednesday, in a further sign the world's largest economy could be cooling.

As investment drive falters, Saudi milks Aramco 'cash cow'

A fresh offering of shares in Saudi Aramco, the Gulf kingdom's largely state-owned oil behemoth, comes at a pivotal moment for sweeping economic reforms that have struggled to lure foreign investment.

'Punished for daring': Women journalists defied Allies to cover D-Day

Eighty years ago, women reporters overcame restrictions barring them from the frontlines to cover the Allied landings in France but they have not enjoyed the acclaim enjoyed by their male counterparts.

European stocks climb on eve of expected eurozone rate cut

Europe's equity markets climbed Wednesday with traders boosted on the eve of an expected interest-rate cut by the European Central Bank, but Asia slid on renewed US economic worries.

Italy fines Meta over data use, account transparency

Italy's competition authority on Wednesday fined global tech giant Meta 3.5 million euros ($3.8 million) for a lack of transparency in its use of data and management of Instagram and Facebook accounts.

Palau confirms 'major' cyberattack, points to China

Palau's President Surangel Whipps on Wednesday said the tiny country, one of Taiwan's few diplomatic allies, had suffered a major cyberattack, pointing the finger at China.

Markets mixed as US jobs data tempered by economy worries

Equities were mixed Wednesday as building optimism that the Federal Reserve will cut interest rates before the end of the year was offset by renewed worries about the US economy.

Italy fines Meta over data breach, account management

Italy's competition authority on Wednesday fined global tech giant Meta 3.5 million euros ($3.8 million) for data breaches and failures in managing Instagram and Facebook accounts.

Indonesia replaces new capital chief weeks before opening

Indonesia's president has replaced the head of the country's new capital city, in a surprise shakeup just weeks before the controversial $32 billion project officially opens on Borneo island.

Japan aims to quadruple overseas market for anime, games

Pop-culture powerhouse Japan wants to expand its overseas market for video games, manga and anime fourfold to $130 billion in about a decade, the government has said.

Most markets rise on US jobs data but fears temper optimism

Equities mostly rose Wednesday on building optimism that the Federal Reserve will cut interest rates before the end of the year after the latest batch of data indicated the long-resilient US jobs market was showing signs of easing.

'Life goes on' - Panama islanders relocated as sea level rises

Alberto Lopez prepares breakfast with water lapping at his ankles. The day began with rain, and his ramshackle home on the Panamanian island of Carti Sugtupu was flooded, not for the first time.

US stocks stage comeback as oil slides further on US economy worries

US stocks bounced back from an early morning slump to close higher Tuesday as fresh data showed that job vacancies slipped in April to their lowest level since 2021.

Tokyo govt to launch dating app to boost birth rate

Japan's capital will launch its own dating app as early as this summer as part of government efforts to boost the plunging national birth rate, a Tokyo official said Tuesday.

Stocks retreat, oil slides further on US economy worries

Stock markets fell in cautious trading Tuesday as investors worried that headwinds are gathering for the US economy, outweighing hopes that recent weak data would prompt the Federal Reserve to start cutting interest rates.

Car battery maker ACC halts plant construction in Germany, Italy

The European vehicle battery venture Automotive Cells (ACC) said Tuesday that it was halting construction of two factories in Germany and Italy as it weighs shifting to a less-expensive battery technology.

Coin Press - Economy (English)