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Asian stocks rise as US rate hopes soothe nerves after torrid week
Asian markets mostly rose Monday as fresh hopes for a US interest rate cut provided some calm after last week's rollercoaster ride fuelled by worries of a tech bubble. That has been compounded in recent weeks by falling expectations the Federal Reserve will cut rates for a third successive time next month as stubbornly high inflation overshadows weakness in the labour market.
Rising from the ashes: Mogadishu's building boom
Mogadishu is rising, literally, from the ashes of decades of war. "The government is trying to project that Mogadishu is rising," he said, but "who is paying the price?"
EU, Africa leaders to talk trade and minerals, as Ukraine looms large
European and African leaders gather in Angola Monday for a summit aimed at deepening economic and security ties that will serve as a backdrop to emergency talks on Ukraine. After top US and Ukrainian representatives met in Geneva on Sunday for talks on a new version of the proposal, EU leaders were to hold a "special meeting" on the sidelines of the Luanda gathering on Monday.
Rhino horn sales, shark protection on wildlife talks agenda
Global wildlife talks open Monday, with debates set to take on questions ranging from protection of sharks, a bid to allow limited rhino horn sales and a push to restrict the trade in eels. The proposals on the table attempt to strengthen protections for several shark species, weaken restrictions on trade in giraffes and open the way to limited sales of rhino horn and elephant ivory.
Despite doubts over economy, Americans set for record holiday spending
Americans are expected to spend a record amount over the holiday season, despite lingering worries in the world's biggest economy about stubborn inflation, tariffs and the knock-on effects of the government shutdown.
Australian mining giant BHP drops Anglo American takeover bid
Australian resources giant BHP said Monday it had dropped a bid to take over British rival Anglo American that would have created the world's largest miner of copper. Bloomberg News reported on Sunday that BHP, the world's largest mining company, had approached Anglo with a bid in an attempt to disrupt a merger with Canadian peer Teck Resources.
Tomorrowland bets on Chinese dance music fans with first indoor event
"Are you ready Shanghai?!" - Tightly managed - The 10,000-capacity Shanghai event is tiny compared to the Belgian one, which saw 400,000 people over two weekends this year.
S.Africa G20 declaration highlights: minerals, debt, climate
Leaders from the G20 group of top economies endorsed Saturday a declaration at a summit in South Africa that highlights issues related to access to critical minerals and measures to cope with climate change.
UN climate summit nears end as EU accepts watered-down deal
Nations neared a deal at the UN climate summit Saturday after the EU accepted a text with only an implicit nod to phasing out fossil fuels following fraught negotiations with oil producers and emerging countries. The EU, which had warned that the summit could end without a deal if fossil fuels were not addressed, accepted the watered-down language.
AFP
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