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Two dead, three missing as torrential rains lash Spain
Two people died and three were missing on Monday after heavy rains lashed drought-hit Spain, triggering flash floods that closed Madrid metro lines and high-speed rail links. A number of metro lines were closed in Madrid during the morning rush hour on Monday due to flooding caused by heavy overnight rains, although by early afternoon only a few stations near the Manzanares River remained shut.
Two dead, one missing as torrential rains lash Spain
Two people died and one was missing on Monday after heavy rains lashed Spain, triggering flash floods that forced the closure of Madrid metro lines and high-speed rail links. A number of metro lines were closed in Madrid on Monday morning due to flooding caused by heavy overnight rains.
Woody Allen and Elvis's wife come to Venice
After a critical mauling for Roman Polanski, another blacklisted director, Woody Allen, arrived at the Venice Film Festival on Monday with his 50th film. The director, daughter of "The Godfather" director Francis Ford Coppola, has a long association with the Venice Film Festival.
Tesla, Chinese EV brands jostle for limelight at German fair
One of the world's biggest auto shows opened in Munich on Monday, with Tesla ending a 10-year absence to jostle for the spotlight with Chinese rivals as the race for electric dominance heats up. That Tesla, usually a holdout at such events, is coming to Munich shows it is taking the growing competition seriously, said Jan Burgard from the Berylls automotive consulting group.
UAE establishes 'gaming' body in potential step towards casinos
The United Arab Emirates has set up a regulatory body for "commercial gaming" -- a step which could potentially allow for casino licences in the Arab Gulf state where gambling is currently banned.
Turkey's annual inflation nears 60% in August
Turkey's annual inflation approached 60 percent last month, official data showed Monday, putting pressure on the central bank to further hike interest rates at the risk of angering President Recep Tayyip Erdogan. "This will heap pressure on the (central bank) to further significantly hike policy rates from 25 percent at present."
Africa climate summit to urge investment in continent
Kenya's president said Africa had a chance to "guide the globe" on climate action as he prepared to open a landmark climate summit in Nairobi on Monday aimed at reframing the continent as a budding renewable energy powerhouse. "Africa is committed to taking advantage of this unique opportunity to guide the globe towards inclusive climate action."
L'Occitane halts trading in Hong Kong
Trading in French beauty brand L'Occitane was in Hong Kong on Monday after reports emerged that its controlling shareholder may take the company private. Bloomberg News reported in July that chairman Reinold Geiger was studying options for taking the brand private, using a holding company that owned more than 70 percent of its shares.
Asian markets rise as US jobs data ease rate pressure on Fed
Asian stocks rose Monday on hopes the Federal Reserve has come to the end of its interest rate hiking cycle following a positive US jobs report. "The upshot of Friday’s report is that the market-implied chances of a Fed rate hike of 20 September have reduced to about seven percent from 12 percent beforehand."
AFP
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