Coin Press - Economy

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Featured

Gabon votes on new constitution hailed by junta as 'turning point'

Gabon holds a referendum Saturday on a new constitution that the junta calls a "major turning point" after a coup that brought the curtain down on 55 years of rule by the Bongo dynasty.

Fitch upgrades Argentina debt rating amid economic pain

Credit ratings agency Fitch upgraded Argentina's sovereign debt rating to "CCC" from "CC" on Friday, citing improved ability to meet upcoming foreign debt payments and successful economic reforms under President Javier Milei.

Last news

In US, transgender candidates enter political lion's den

Mel Manuel never considered themself to be particularly political. But after repeated attacks from Republicans against transgender people, the former Spanish teacher is running for a seat in the US Congress.

Boeing again raises offer to end strike, union to vote Monday

US aviation giant Boeing has once again improved the conditions in its contract offer to thousands of striking workers, hoping to put an end to a painful strike that has paralyzed its two main factories for seven weeks.

Apple narrowly beats estimates with boost from iPhone sales

Apple reported revenues Thursday that narrowly surpassed analyst expectations, sending shares lower in after-hours trading even as the company enjoyed a boost from iPhone sales.

Bolivia's breadbasket squeezed by pro-Morales blockades

At a wholesale market in the central Bolivian city of Cochabamba, farmer Damaris Masias watches through tears as 10 tonnes of tomatoes that she spent over a week trying to get through roadblocks are tossed into a bin.

Harris blasts 'offensive' Trump for remarks on women

Kamala Harris on Thursday slammed Donald Trump for what she called "very offensive" remarks about women, putting abortion rights back in the spotlight as her rival hurled more insults and denigrated migrants during the election's final stretch.

US election, tech jitters rattle global stocks

Global stocks slid Thursday as investors digested disappointing tech results and remained risk-adverse ahead of a coin-toss US election.

Harris, Trump head west in US election race countdown

Kamala Harris and Donald Trump take their knife-edge White House race west on Thursday, seeking the advantage on immigration and aiming to woo crucial Latino voters days ahead of the US election.

Global stocks slide on US election, tech worries

Global stocks slid Thursday as investors digested disappointing tech results and remained risk-adverse ahead of a coin-toss US election.

Sales slump 27% at carmaker Stellantis

Stellantis, the carmaker which owns the Jeep, Peugeot and Fiat brands, said Thursday that its sales fell 27 percent in the third quarter because of market difficulties in North America.

Global stocks decline after weak Wall Street lead

European and Asian stocks were mostly down Thursday following a weak lead from Wall Street, as investors digested mixed company earnings and remained risk-adverse ahead of a coin-toss US election.

EU probes shopping app Temu over illegal products

The EU launched a formal investigation Thursday into Chinese-founded e-commerce platform Temu on suspicion the site is doing too little to stop the sale of illegal products, in a probe that could lead to large fines.

Eurozone inflation rebounds more than expected in October

The eurozone's annual inflation rate rebounded more than expected in October due to rising food costs, official data showed on Thursday, but remains in line with the European Central Bank's two-percent target.

Hong Kong economic growth misses forecast in third quarter: data

Hong Kong's economic growth in the third quarter missed analyst estimates as private consumption weakened, according to government figures released Thursday.

Asian stocks mostly down after weak Wall Street lead

Asian stocks were mostly down on Thursday following a weak lead from Wall Street, though better-than-expected manufacturing data from China provided a glimmer of good news for Beijing.

Russia stirs up anti-LGBTQ prejudice in Moldova 'information war'

When two false bomb alerts targeted an LGBTQ festival in Chisinau this month, organiser Angelica Frolov was left scrambling to find an alternative venue at the last minute.

Samsung Q3 operating profits soar to $6.6 bn, miss forecast

South Korea's Samsung Electronics said Thursday that its operating profits soared 277 percent on-year to $6.6 billion but missed expectations as it struggled to leverage demand for chips used in artificial intelligence servers.

Asian stocks uneven after shaky Wall Street lead

Asian stocks got off to an uneven start on Thursday following a weak lead from Wall Street, though better-than-expected manufacturing data from China provided a glimmer of good news for Beijing.

China factory output expands for first time in six months

China's manufacturing output expanded this month for the first time since April, official data showed Thursday, rare good news for leaders struggling to boost activity in the world's second-largest activity.

Shells to surfboards: how wildlife has adapted to plastic

A hermit crab trundles across a beach in Japan's Okinawa, carrying its home on its back: not a shell, but a disintegrating plastic yellow measuring spoon.

To tackle plastic scourge, Philippines makes companies pay

Long one of the world's top sources of ocean plastic, the Philippines is hoping new legislation requiring big companies to pay for waste solutions will help clean up its act.

Striking Boeing workers aim to restore old retirement program

Some 33,000 Boeing workers have been on strike for seven weeks after twice voting down labor contracts, with the latest rejected offer featuring a 35 percent wage hike.

What would a Trump win mean for abortion in the United States?

A second Donald Trump presidency could amplify efforts by conservative politicians to restrict abortion access across the United States.

Argentina hit by massive transport strike

Planes, trains, trucks and taxis ground to a halt in Argentina on Wednesday in a major one-day strike over President Javier Milei's austerity policies.

Stocks mostly retreat, bitcoin close to record high

Stock markets largely fell Wednesday as investors digested a mixed bag of economic data and corporate reports, while bitcoin traded close to its record high ahead of the US presidential election.

Stocks diverge, bitcoin close to record high

Stock markets diverged Wednesday as they digested a mixed bag of economic data and corporate reports, while bitcoin traded close to its record high with eyes on the upcoming US presidential election.

Germany dodges recession but inflation rises sharply

Germany dodged a technical recession after posting surprise growth in the third quarter, official data showed Wednesday, but the rare good news for Europe's largest economy was tempered by a sharp uptick in inflation.

Riyadh Air orders 60 Airbus planes

Saudi Arabia's new national airline, Riyadh Air, announced on Wednesday it has ordered 60 narrow-body aircraft from Airbus, as it prepares for takeoff next year.

Eurozone economy grows more than expected

The eurozone economy grew faster than expected between July and September buoyed by Germany's surprise expansion, official data showed Wednesday, but experts warned of slow growth in the months ahead.

UBS smashes forecasts with $1.4 bn net profit

Swiss banking giant UBS said Wednesday it earned a net profit of $1.4 billion in the third quarter, beating analyst expectations.

Chinese EV giant BYD beats Tesla in quarterly revenue for first time

Chinese electric vehicle giant BYD reported surging sales on Wednesday, surpassing global rival Tesla in quarterly revenue for the first time as its push into overseas markets advances.

US economic growth solid but below expectations as election nears

The US economy undershot expectations in the third quarter even as growth remained resilient, according to government data Wednesday, weighing on inflation-weary voters less than a week to the presidential election.

Volkswagen sees 'painful' cost cuts ahead as profit plunges

Ailing auto giant Volkswagen warned Wednesday that "painful" cost cuts were unavoidable as third-quarter profit plummeted, fuelling tensions with unions which fear mass job losses and factory closures on home turf Germany.

Coin Press - Economy (English)