AFP
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Author's articles
Euro knocked by European vote uncertainty
The euro recoiled Monday after a far-right surge in weekend EU polls sparked a general election in France, although analysts believe the single currency will remain resilient. Investors fretted over the region's political "shift to the Far Right", as well as the "surprise factor" of a snap general election in France, according to XTB analyst Kathleen Brooks.
EU targets UAE telecoms firm in new anti-subsidy probe
The European Union on Monday announced a formal anti-subsidy probe targeting an Emirati telecoms company, the first action under new rules to focus on a foreign bid to buy EU assets. The latest probe is the first against a non-Chinese company under new EU rules.
Thieves ram-raid Chanel store in Paris
Several thieves used a car early Monday morning to ram-raid a Chanel store near the Champs-Elysees avenue in Paris before setting it on fire and fleeing in another vehicle, a police source said. The criminals set fire to the ram car before fleeing, but firefighters brought the blaze under control, the police source said.
Asian markets fall as strong US jobs data dents rate cut hopes
Asian markets mostly fell Monday as a mixed jobs report eased worries about the US economy but dampened hopes for interest rate cuts, while political uncertainty in Europe weighed on the euro. On currency markets, the euro fell against its peers after far-right parties scored big in European Union elections.
Apple to break AI silence at developers conference
Apple on Monday will attempt to persuade doubters on its AI strategy after rivals raced ahead in adopting artificial intelligence. ChatGPT-style AI voraciously feeds off data and Apple will be at pains to fight the AI race while living up to its traditional position on safeguarding data privacy.
'Call of Duty' leads packed Xbox video game lineup
Microsoft's Xbox team on Sunday showcased action-packed coming video games and a new digital-only version of its console to launch by the end of this year.
Saudi Aramco says foreigners grab 'majority' of share offering
Oil giant Saudi Aramco said Sunday that international investors had snatched up the bulk of shares sold in its latest offering, which was set to raise $11.2 billion.
Tourism buoys southern Europe's 'Club Med' nations
Derided as "Club Med" nations during the European debt crisis 15 years ago, the economies of Spain, Greece and Portugal are now outperforming their northern peers thanks to a rebound in tourism. Darvas said the "convergence" of southerrn European nations with northern ones "is likely to continue" but at a "slower pace".
US Fed likely to remain on pause and pare back rate cut expectations
The US Federal Reserve is likely to keep interest rates unchanged this week, but could pare back the number of cuts it has penciled in for this year, as policymakers digest a mixed bag of economic data. But with the data still painting a mixed picture, he is unlikely to rock the boat too much this week, according to Oxford Economics chief US economist Ryan Sweet.
AFP
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