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.

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Botswana votes as president's party seeks to extend six-decade rule

Diamond-rich Botswana went to the polls Wednesday with voters concerned about high unemployment and an economic slump as the ruling party vies to extend its nearly six decades in power and hand President Mokgweetsi Masisi a second term.

Stocks falter, bitcoin close to record high

Major stock markets mostly dropped Wednesday and bitcoin traded close to its record high with all eyes on the upcoming US presidential election.

Eurozone economy grows faster than expected

The eurozone economy grew more than expected in the third quarter, official data showed Wednesday, thanks to Germany which defied expectations and dodged a recession.

Germany dodges recession, posts surprise growth on spending boost

The German economy unexpectedly grew in the third quarter as domestic spending increased, official data showed Wednesday, defying expectations of a slowdown that would have tipped the European giant into a technical recession.

Worries for Japan economy after election shock

Political uncertainty after Japan's election shock risks slowing economic reforms, pushing up government spending and even holding up the Bank of Japan's exit from its outlier monetary policy, economists said.

Volkswagen profit plunges on high costs, Chinese slump

Europe's biggest carmaker Volkswagen reported a 64-percent drop in third-quarter net profit Wednesday, as it struggles with high costs and slowing sales in China.

Bitcoin close to record as cautious markets eye US election

Bitcoin was close to $73,000 in early Asian trade Wednesday, approaching a record high with investors keeping a cautious eye on the US presidential election.

UK's Labour govt prepares to deliver decisive first budget

Britain's new Labour government unveils its first budget on Wednesday, with Prime Minister Keir Starmer warning of tax rises and public spending cuts as he focuses on long-term growth.

Beijing files WTO complaint over EU's new taxes on Chinese EVs

Beijing said Wednesday it had lodged a complaint with the World Trade Organization over the European Union's decision to impose hefty tariffs on Chinese-made electric cars.

'New wave' as start-up sweeps up Thai ocean plastic

As a long-tail boat arrives at a fishing village on the southern Thai island of Koh Chang, residents gather to sell their wares -- not seafood, but plastic.

Alzheimer's patient 'relieved' at Quebec's assisted suicide policy shift

Sandra Demontigny was afraid of being a prisoner in her own body: a 45-year-old diagnosed with early-onset Alzheimer's, she worried about losing control of her life and burdening those she loves for years.

Global stocks mixed as markets await Big Tech results

Global stock markets diverged Tuesday as many investors sat on their hands ahead of a slew of US economic data releases and tech earnings.

Release of new single featuring late One Direction star postponed

The release of a new single featuring Liam Payne, the former One Direction singer who died earlier this month after falling from his Buenos Aires hotel room, has been postponed, a collaborator said on Tuesday.

EU slaps extra tariffs of up to 35.3% on Chinese EVs

The EU on Tuesday decided to impose hefty tariffs on Chinese-made electric cars after an anti-subsidy probe concluded Beijing's support undercut European automakers.

EU adopts extra tariffs of up to 35.3% on Chinese EVs

The EU on Tuesday decided to slap hefty tariffs on Chinese-made electric cars after an anti-subsidy probe concluded Beijing's support to local manufacturers was unfair.

Global stock markets slip with eyes on megatech results, rates

Global stock markets mostly slipped Tuesday ahead of a slew of US economic data releases and tech earnings, and as bond yields rose.

Church must act faster against abusive priests: papal commission

The Catholic Church must make it easier to remove priests who have abused minors, a Vatican commission said Tuesday in its first report on protecting children.

Church must act faster against abuse priests, papal commission

The Catholic Church must make it easier to remove priests who have abused minors, a Vatican commission said Tuesday in its first report on protecting children.

Most global stock markets rise with eyes on megatech results

Most major global stock markets rose on Tuesday with investors looking ahead to the release of US economic data and the earnings reports of tech titans this week.

Lufthansa reports dip in profits in third quarter

German airline group Lufthansa on Tuesday reported an eight percent drop in profits in July to September compared with the same period last year, blaming increased operating and staff costs.

Santander defies interest rate cuts to post higher profit

Spanish banking giant Santander defied falling interest rates in Europe to post a higher net profit in the third quarter through a strong commercial performance, in results published on Tuesday.

'Pure-play' Novartis raises 2024 financial targets

Swiss pharmaceutical giant Novartis raised its 2024 financial targets Tuesday after posting rising sales and margins in the third quarter, thanks in part to increased production of a prostate cancer drug.

Asian markets fluctuate with eyes on megatech results

Asian markets fluctuated in volatile trade Tuesday with investors looking ahead to the release of US economic data and the earnings reports of tech titans this week.

Oil giant BP reports drop in third-quarter net profit

Britain's BP on Tuesday announced a sharp fall in net profit for the third quarter, with the oil and gas giant hit by weak oil trading and refining margins.

Asian markets rise with eyes on megatech results

Asian markets advanced in volatile trade Tuesday with investors looking ahead to the release of US economic data and the earnings reports of tech titans this week.

Japan nuclear reactor near Fukushima to restart

A Japanese nuclear reactor with an upgraded anti-tsunami wall was set to restart Tuesday in a region near the crippled Fukushima plant, according to its operator.

HSBC reports $8.5 billion pre-tax profit in third quarter

Banking giant HSBC said Tuesday that pre-tax profit in the third quarter rose 10 percent year-on-year, citing revenue growth in two of its divisions, days after the lender announced an organisational overhaul.

Asian shares rise as markets await tech results

Asian markets mostly rose Tuesday with investors looking ahead to the release of US economic data and the earnings reports of tech titans this week.

Iraq opens arms to Lebanese fleeing Israeli attacks

Israeli bombardment of Lebanon forced Mohammed Fawaz and his family to flee so often that they finally moved many kilometres (miles) away to find respite in central Iraq.

Myanmar's lost generation battles trauma, addiction at jungle rehab

In a drug treatment centre in a wooden stilt house deep in the Thai jungle, young refugees from Myanmar wait patiently for the prick of an acupuncture needle.

Countdown to Busan: is a plastic pollution treaty in reach?

Negotiators meet in less than a month to agree on the world's first treaty to end plastic pollution, but countries remain so far apart that a deal may prove impossible.

'Amazing' AI de-ages Tom Hanks in new film 'Here'

Tom Hanks has praised the "amazing" use of artificial intelligence to de-age him "in real time" on the set of new movie "Here," even as he accepted that the technology is causing huge concern in Hollywood.

Coin Press - Economy (English)