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UK's Labour looks to be more cheerful despite gifts and welfare row
Britain's governing Labour party on Monday sought to strike a more upbeat note about the country's future but against a furious backlash from unions at proposed cuts to welfare payments and a row over top ministers receiving gifts. Motions have been proposed at the conference calling for the cut to be abandoned.
Eurozone business activity slumps after Olympics boost
Eurozone business activity declined for the first time in seven months in September, as France lost steam after the end of the Paris Olympic Games, a key survey said Monday. The decline in business activity could add impetus to calls for the European Central Bank (ECB) to cut its key interest rate again in October.
EU launches WTO challenge against China dairy probe
The EU on Monday launched a WTO challenge against a Chinese anti-subsidy investigation into imports of European dairy product, in the latest move in a trade spat between Beijing and Brussels.
Murdoch's REA ups offer for property website Rightmove
REA Group, the Australian online property website majority-owned by Rupert Murdoch's News Corp empire, said Monday it has made a third multi-billion-pound offer to buy British peer Rightmove. REA reiterated that should it succeed in buying Rightmove, it would apply for a secondary stock market listing in London, in addition to its current trading on the Australian Securities Exchange.
Asian markets extend gains as focus turns to US inflation
Most Asian markets rose Monday, building on last week's rally following the Federal Reserve's bumper interest rate cut, with focus now on the release of the bank's favoured inflation gauge later in the week.
Angry French cognac makers see red over Chinese tariffs threat
Frustrated cognac producers in southwestern France are growing increasingly anxious over the looming threat of Chinese tariffs on European brandy, a move industry representatives worry could force French liquor from the Chinese market.
Protect the prosciutto: Italy battles swine fever
Pig farmer Alberto Cavagnini has slaughtered 1,600 of his hogs due to swine fever, a virus threatening the 20-billion-euro pork industry in Italy, including its world-famous prosciutto.
UAE leader seeks to deepen 'strategic' ties in US visit during Mideast crisis
UAE President Sheikh Mohamed bin Zayed Al Nahyan is due Monday in Washington for a first official visit at a time of soaring tensions in the Middle East, seeking to highlight economic and technological cooperation. With his upcoming trip, Sheikh Mohamed will become the first sitting president of the oil-rich Gulf monarchy to make an official visit to Washington.
Musk's X platform takes first step toward lifting Brazil ban
Social media platform X has named a legal representative in Brazil -- a first step toward being able to resume service in the country -- but its suspension will continue until it meets further requirements, a judge has ruled. The social media platform had more than 22 million users in Brazil before the ban.
AFP
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