Coin Press - Economy

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Featured

Farmers target PM Starmer in protest against new UK tax rules

Hundreds of farmers, many in tractors, gathered in Wales on Saturday to protest against UK Prime Minister Keir Starmer and his government's decision to change inheritance tax rules for farms.

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.

Last news

'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.

Hefty electric vehicle costs dent Ford profits

Ford reported lower profits Monday and reduced its full-year earnings outlook as hefty one-time electric vehicle (EV) expenses weighed on results.

US finalizes curbs on investing in Chinese tech

The administration of President Joe Biden has finalized curbs on US investments in sensitive technologies like semiconductors in China that pose a threat to national security, the Treasury Department said Monday.

Oil prices tumble, global stocks rise as Iran fears ease

Oil prices tumbled and global stocks mostly rose Monday on relief that Israel's strikes on Iran avoided the country's energy infrastructure.

Boeing announces stock offering expected to raise up to $19 billion

Boeing announced a stock offering on Monday expected to raise up to $19 billion, saying proceeds will go towards repaying debt and investing in its subsidiaries.

Crisis-hit VW mulls closing at least three German plants

Ailing auto giant Volkswagen plans to close at least three factories in Germany and slash tens of thousands of jobs as part of drastic cost-savings drive, workers' representatives said Monday, calling the proposed cuts "of historic dimensions".

Global stocks diverge, oil prices tumble as Iran fears ease

Global stocks diverged and oil prices tumbled on Monday as markets were relieved that Israel's strikes on Iran had avoided the country's energy infrastructure.

Spanish PM in India seeking to bolster trade ties

Spanish Prime Minister Pedro Sanchez was welcomed to India Monday with a flower-filled open-top parade alongside counterpart Narendra Modi, as Madrid seeks to boost investment in the world's fifth-largest economy.

Crisis-hit VW eyeing plant closures, deep pay cuts: report

Volkswagen is considering closing several plants in Germany and slashing salaries by 10 percent as the ailing auto giant pursues a drastic cost-cutting plan, a media report said Monday.

Philips lowers sales outlook on drop in China orders

Dutch medical device maker Philips lowered Monday its full year sales target, blaming drop in demand from Chinese hospitals as it released third quarter results.

Oil prices tumble as Iran fears ease, yen weakens after Japan polls

Oil prices tumbled Monday with markets relieved that Israel's strikes on Iran had avoided the country's energy infrastructure while the yen fell to a three-month low after Japan's ruling party suffered an election drubbing.

Olympus CEO resigns over alleged illegal drugs purchase

The German CEO of major Japanese optical equipment manufacturer Olympus has stepped down after allegedly buying illegal drugs, the company said on Monday.

Trump's New York rally attacks Harris, draws criticism

Republican Donald Trump led a headline-grabbing New York rally on Sunday with nonstop attacks on Kamala Harris, but Democrats sought to capitalize on crude insults from some of his allies' opening speeches.

Trump leads New York rally as Harris targets grassroots

Donald Trump will take to the stage Sunday at a famous New York arena before thousands of supporters in the Democratic stronghold city, seeking a blitz of attention in the final stretch of one of America's closest ever White House races.

Trump back in New York as Harris targets grassroots

Donald Trump supporters lined up for his rally Sunday at a famous New York arena while Kamala Harris went neighborhood to neighborhood in Philadelphia, just over a week before America votes in an extraordinarily close White House race.

Japan ruling party projected to miss majority in election

Japan's scandal-hit ruling party fell short of a majority for the first time since 2009 in snap elections on Sunday, media projections showed, a blow to new Prime Minister Shigeru Ishiba.

Real Madrid condemn racist abuse of Barca players in Clasico

Real Madrid condemned racism from some of their supporters aimed at Barcelona players including teenager Lamine Yamal and Alejandro Balde during the club's 4-0 Clasico defeat on Saturday.

Trump takes election pitch to storied New York arena

Donald Trump rallies supporters Sunday at an iconic New York arena while Kamala Harris goes neighborhood to neighborhood in Philadelphia just over a week before America votes in an extraordinarily close White House race.

China's second-generation factory owners go digital to combat challenges

Dressed in a pristine white knit top, Robyn Qiu cut an incongruous figure in her parents' dusty, hangar-like metal hardware factory in eastern China as she gestured excitedly while an assistant filmed her on a smartphone.

Indonesia bets on SE Asia's first battery plant to become EV hub

Rows of robotic arms move with precision to assemble nickel-based battery cells on the production line at Indonesia's inaugural electric vehicle battery plant, the first in Southeast Asia.

Recession-hit Argentina gripped by 'Ponzidemia'

A quiet Argentine town best known for its oranges has become the symbol of a Ponzi scheme plague sweeping the crisis-hit nation that has cost thousands of people their savings.

Curfew extended in French Caribbean territory amid power blackout

French authorities maintained a night curfew amid fresh unrest on the Caribbean territory of Guadeloupe on Saturday as they battled to restore power they accused striking energy workers of sabotaging.

Floods hit Saint-Tropez as rains lash south of France

Floodwaters lapped the shopfronts in the glitzy French resort of Saint Tropez on Saturday as torrential rains closed roads and train lines across the south of the country.

Report details fossil fuel threat to 'Amazon of the seas'

Fossil fuel exploration is threatening an ever-expanding swath of the Coral Triangle, one of the most biodiverse marine areas in the world, a report said Saturday.

End of golden era for Chinese investors in Bordeaux wine

After over a decade of snapping up Bordeaux wine estates, buying into a dream of elegant living in France and good earnings in their home market, many Chinese investors are now selling up.

Decline of rural Japan not our fault, women say

By pledging to revitalise depopulated rural areas, Japanese Prime Minister Shigeru Ishiba hopes to help his party retain its majority in Sunday's general election.

G7 finalize $50 bn Ukraine loan backed by Russian assets profits

G7 leaders have finalized details surrounding a $50 billion loan to aid Kyiv, backed by profits from Russian sovereign assets frozen after its invasion of Ukraine, according to a statement released Friday.

Moody's cuts France outlook, opening door to credit downgrade

Ratings agency Moody's downgraded France's outlook Friday, opening the door to a potential credit rating cut as it cited concerns over the country's finances.

BHP, Vale agree to pay $30bn damages for Brazil dam disaster

Mining giants BHP and Vale on Friday signed a deal with Brazil's government to pay nearly $30 billion in damages for a 2015 dam collapse that triggered the country's worst environmental disaster.

Turkmenistan's 'Gateway to Hell' lit gas pit faces closure

Turkmenistan said on Friday it will capture the gas fuelling its "Gateway to Hell", putting the man-made fire pit at risk of closure as the reclusive state seeks to reduce its greenhouse emissions.

Waymo ramps up robotaxi push with $5.6 bn in funding

Waymo on Friday said it raised $5.6 billion from investors to expand a robotaxi program now operating in Los Angeles, Phoenix and San Francisco.

Stock markets diverge going into weekend

Global stock markets diverged Friday in an end to a week's trading dominated by earnings updates and bond yield worries.

Coin Press - Economy (English)