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Asian markets track weak US lead, eyes on yen
Asian markets extended last week's poor run with more losses Monday, following on from another tepid lead from Wall Street as profit-taking weighed on the tech sector. A surge in the tech sector has helped push markets to record or multi-year highs but concerns that the buying has gone too far have set in and profit-taking has weighed on equities in recent weeks.
Flights cancelled at UK's Manchester airport after power cut
Flights at the UK's third-busiest airport were being delayed or cancelled Sunday after a major power cut, the airport operator said. The Manchester Airports Group, which also operates London Stansted and the East Midlands airports, said Manchester Airport had been "affected by a major power cut in the area earlier this morning."
Who profits from the soaring price of cocoa?
Though cocoa prices on the financial markets have soared, the rise is benefiting cocoa growers, bean processors, speculators and chocolatiers in unequal measure. There, farmers have been allowed to sell their beans to buyers willing to approach the prices paid on the financial markets.
Beyond Nvidia: the search for AI's next breakthrough
For a few days, AI chip juggernaut Nvidia sat on the throne as the world's biggest company, but behind the its staggering success are questions on whether new entrants can stake a claim to the artificial intelligence bonanza.
Dutch app supermarket boss eyes tech boom in online delivery
Advances in artificial intelligence are poised to drive a "massive" boom in online grocery deliveries, according to the head of Picnic, a Dutch app-only supermarket rapidly expanding into Germany and France. But the online part will grow massively," he said.
S.Africa to dish up more zebra to boost jobs and conservation
Carcasses of impala, kudu and wildebeest hang from a slaughterhouse rail, ready to be turned into steaks, sausages and burger patties of the kind South Africa wants to see more of on the dinner table. South Africa has long adopted a market-oriented approach to conservation, based on the belief that farmers have a better incentive to look after wildlife if they can profit from it.
Boeing may avoid criminal charges over violations: report
The US Justice Department is considering a deal with Boeing that would see the aerospace giant avoid criminal prosecution but may appoint a federal supervisor to oversee company progress on safety improvements, The New York Times reported Friday.
Barcelona aims to become Airbnb-free zone by 2029
Barcelona, one of Europe's most visited cities, said Friday it aims to ban apartment rentals to tourists by 2029 to ease the housing shortage in Spain's second largest city. This means that "from 2029", if there are no setbacks, "tourist flats as we conceive of them today will disappear from the city of Barcelona".
US existing home sales fall as prices hit record
Existing home sales in the United States edged lower in May as prices reached a record high on continued tight inventory, according to industry data published on Friday. - New record high - The median sale price of an existing home rose 5.8 percent year-over-year to $419,300, the highest price ever recorded.
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