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Asian markets track weak US lead, eyes on yen
Asian markets track weak US lead, eyes on yen
by  AFP

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 cancelled at UK's Manchester airport after power cut
by  AFP

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?
Who profits from the soaring price of cocoa?
by  AFP

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.

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