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Massive blackout hits Spain and Portugal
Power went out across all of Spain and Portugal on Monday, cutting cellphone and internet networks, halting trains and trapping people in elevators, officials said.
India says signs deal with France for 26 Rafale fighter jets
India has signed a contract to purchase 26 Rafale fighter jets from France, New Delhi's defence ministry said Monday, with the multi-billion-dollar deal to include both single and twin-seat planes. "The governments of India and France have signed an inter-governmental agreement for the procurement of 26 Rafale Aircraft," the defence ministry said in a statement.
Italy bank merger wave heats up as Mediobanca eyes Banca Generali
Italian bank Mediobanca, itself battling to fend off a hostile takeover by a rival, announced on Monday a 6.3-billion-euro ($7.2 billion) bid to buy wealth management firm Banca Generali. Mediobanca is itself trying to fend off a hostile takeover by state-backed Banca Monte Paschi di Siena (MPS) as the Italian banking industry sees a wave of hostile bids.
China says on 'right side of history' in trade standoff with US
A top Chinese economic official on Monday said Beijing was on the "right side of history" in its gruelling trade war with the United States. Speaking in Beijing at a news conference at which officials vowed greater steps to shield China's flagging economy from the impact of the standoff, senior economic planner Zhao Chenxin said Beijing was "on the right side of history".
Asian markets mixed as investors eye trade talks
Asian stocks were mixed Monday as investors assess how the land lies on the trade war front with countries seeking to temper Donald Trump's eye-watering tariffs. The discussions will be closely watched as a barometer for efforts by other countries seeking tariff relief.
Smart driving new front in China car wars despite fatal crash
Intelligent driving features are the new battleground in China's merciless car market, with competition spurring brands to world-leading advances -- but a recent fatal crash has seen the government intervene to put the brakes on runaway enthusiasm. - Then came a fatal accident in March involving a Xiaomi SU7 that had been in assisted driving mode just before it crashed.
Austria trials DNA testing to uncover honey fraud
At a laboratory in Austria's mountainous Tyrol province, scientists are DNA testing about 100 honey samples a month to learn about their composition -- and in some cases to determine whether they have been adulterated. - Rigorous process - Austria's Sinsoma has specialised in DNA testing.
Trump trade war pushes firms to consider stockpiling
Stockpiling is the reflex response by firms to the imposition of tariffs, but with the rapidly-changing position of the Trump administration, companies are finding that it isn't so straightforward this time around. He said the practice has limits as tariffs are constantly changing and it isn't always practicable.
Chinese tea hub branches into coffee as tastes change
At a mountainside cafe in southwestern China, Liao Shihao brews handfuls of locally grown beans into steaming cups of coffee, a modern twist on the region's traditional drink. Liao Xiugui himself drinks two or three cups a day, and credits the caffeinated beverage for keeping him spry in his advanced years.
AFP
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