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Oil leak in Peru tourist zone triggers 'environmental emergency'
Oil leak in Peru tourist zone triggers 'environmental emergency'
by  AFP

Peru has declared an "environmental emergency" after an oil spill that triggered a clean-up operation on a stretch of northern coastline popular with tourists. The leak was detected last Friday on Las Capullanas beach when the crude oil was about to be loaded onto a tanker, the company said at the weekend without specifying the cause or amount of oil spilled.

Turkey lowers interest rate to 47.5 percent
Turkey lowers interest rate to 47.5 percent
by  AFP

Turkey's central bank lowered its key interest rate on Thursday, the first cut in nearly two years as it battles with double-digit inflation. The central bank began to raise interest rates last year to battle soaring prices, after President Recep Tayyip Erdogan dropped his opposition to orthodox monetary policy.

Asia stocks up as 'Santa Rally' persists
Asia stocks up as 'Santa Rally' persists
by  AFP

Asia's stocks rose in thin Boxing Day trade on Thursday, extending a "Santa Rally" with key markets Hong Kong and Sydney still shut for the holidays. Stock markets have traditionally fared well in the last five trading days of the year and the first two in the new year, a trend known as the "Santa Claus rally".

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