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Argentina devalues peso after shock primary election result
Argentine monetary authorities on Monday devalued the peso by around 20 percent in anticipation of a market backlash to the strong performance of far-right politician Javier Milei in a presidential primary election.
Greek islanders refuse to throw in the towel over sunloungers
Greek islanders are fed up this summer -- not with the holidaymakers that flock to their beaches but with the hawkers who cram the sands with sunloungers and parasols, to the point where it's sometimes impossible to get down to their own sea. According to Greek law, at least 50 percent of every beach must be kept clear to allow people access to the sea.
Foxconn boss sees potential to invest billions in India
Taiwanese tech giant and key Apple supplier Foxconn said Monday it sees the potential to invest "several billion dollars" in India, with the firm looking to diversify its manufacturing away from China.
Etna eruption forces closure of Sicily's Catania airport
The airport at Catania in Sicily, a top Italian tourist destination, has halted all flights after a new eruption at nearby Mount Etna, its operator said Monday. "Because of an eruption at Etna and falling ash, flights are suspended until 8:00 pm (1800 GMT)," the airport said on its website.
Russian ruble plunges past 100 against dollar for first time since March 2022
The Russian ruble slid past 100 against the dollar Monday, its lowest level since March 23, 2022 -- weeks after Moscow unleashed full-scale hostilities in Ukraine. Data from the Moscow Exchange showed the ruble trading at 101.01 to the dollar at 11:33 am (0833 GMT), while against the euro it tumbled to a near 17-month low of 110.73.
Shares in Chinese property giant Country Garden down sharply
Shares in Chinese property giant Country Garden plunged on Monday after it missed bond payments and warned of multibillion-dollar losses, deepening concerns over the nation's heavily indebted real estate sector. Like heavily indebted competitor Evergrande, any collapse of Country Garden would have catastrophic repercussions for the Chinese financial system and economy.
Asian markets fall on China property woes
Asian markets posted sharp losses in early Monday trade, after falls in US tech stocks and as concerns over China's property sector weigh on sentiment.
'No more water': Iraq drought claims lakeside resort
Iraqi merchant Mohamed has never seen such a grim tourist season: years of drought have shrunken the majestic Lake Habbaniyah, keeping away the holidaymakers who once flocked there during summer. "Before, we would come here and it was much better, the water was higher," said the 45-year-old merchant.
'Barbie' retains top spot at N.American box office for fourth week
Warner Bros.' hit "Barbie" dominated North American box offices for a fourth consecutive week, industry estimates showed Sunday, as director Greta Gerwig continues to bust industry records. Last week "Oppenheimer" had been beaten by the Warner Bros. monster flick "Meg 2: The Trench," which fell to fourth this week with an estimated $12.7 million.
AFP
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