AFP
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Alibaba soars but Asia markets dip
Chinese ecommerce giant Alibaba boosted the Hang Seng on Monday, but other Asian markets mostly fell back after Wall Street retreated from record highs. On Friday US stocks fell, with the Dow and S&P 500 retreating from record highs ahead of the long Labor Day weekend.
French PM says 'fate of France' at stake in confidence vote
French Prime Minister Francois Bayrou said on Sunday the destiny of France was at stake in a forthcoming confidence vote, which he called to resolve a budget standoff but is expected to lose. Seven out of 10 French people say they want Bayrou to lose the confidence vote, according to a recent poll.
Britain's energy grid bets on flywheels to keep the lights on
Britain's energy operator is betting on an age-old technology to future-proof its grid, as the power plants that traditionally helped stabilise it are closed and replaced by renewable energy systems. Grid operators are now looking to the technology to add inertia to renewable-heavy electricity systems to prevent blackouts like the one that hit Spain and Portugal this year.
Indonesian islanders taking Swiss concrete giant to court over climate
Residents of the tiny Indonesian island of Pari, threatened with disappearance by rising sea levels driven by climate change, have come to Switzerland to demand compensation from cement giant Holcim. Environmentalists have said most of the 42-hectare (104-acre) island of Pari could be underwater by 2050 due to rising sea levels.
New wave: Sea power turned into energy at Los Angeles port
Floating blue paddles dance on the waves that lap a dock in the Port of Los Angeles, silently converting the power of the sea into useable electricity. Unlike solar power, which produces nothing at night, or wind power, which depends on the weather, the sea is always in motion.
US appeals court finds Trump's global tariffs illegal
A US appeals court on Friday ruled that many of President Donald Trump's tariffs, which have upended global trade, were illegal -- but allowed them to remain in place for now, giving him time to take the fight to the Supreme Court. The US Court of International Trade ruled in May that Trump had overstepped his authority with across-the-board global levies.
US Spirit Airlines files for bankruptcy again
Budget US carrier Spirit Airlines said Friday that it will file for bankruptcy for the second time in a year, but will continue to fly, sell tickets and operate.
In whirlwind tour, Qatari royal commits $70bn to southern Africa
Qatari investment firm Al Mansour Holding has pledged $70 billion in investments across four southern Africa countries in a 10-day tour, a move analysts call strategic as US funding retreats from the continent.
Court battle underway as Fed Governor Cook contests firing by Trump
A US court on Friday began hearing Federal Reserve Governor Lisa Cook's challenge of President Donald Trump's attempt to fire her, in a legal battle set to have major implications for the US central bank and its independence. In the first hearing in the case, a judge in Washington considered Cook's request for a temporary order declaring Trump's attempt to oust her unlawful.
AFP
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