Six months after a joint takeover that involved Europe's richest man and drinks giant Red Bull, Paris FC squeezed out a 1-1 draw at Martigues on Friday to lock up promotion to Ligue 1. In Ligue 1, another billionaire-owned club, Nice moved back into the Champions League places with a 1-0 home win over Reims.
US investigators will on Tuesday open a two-day hearing into a near-catastrophic January incident on a Boeing 737 MAX operated by Alaska Airlines that required an emergency landing. Over the course of two day-long sessions on Tuesday and Wednesday in Washington, the NTSB will hear from about 15 witnesses.
Tokyo stocks bounced back in early trade Tuesday following a historic selloff on worries over the US economy and a stronger yen. Among major shares in Tokyo on Tuesday, Honda roared 14.90 percent to 1,438 yen following a report that it was expected to announce a record quarterly profit.
The ongoing global stock sell-off has fueled calls for the US Federal Reserve to lower interest rates swiftly and decisively, with some analysts now calling for it to make an emergency cut before its September rate decision. - 'Infer too much' - While some analysts are now calling for emergency rate cuts, others have continued to voice support for a September move.
German chip maker Infineon said Monday it will slash 1,400 jobs and relocate 1,400 more due to a tough market environment, as it announced falling profits and downgraded its outlook. The news comes after US chip giant Intel announced last week it will slash more than 15 percent of its workforce as it seeks to cut about $20 billion in expenses this year.
Indonesia's economy grew more slowly in the second quarter of 2024 despite being supported by spending on religious holidays and increased household consumption, the country's statistics agency said on Monday. Growth in Southeast Asia's largest economy was 5.05 percent in the second quarter, slightly lower than the previous quarter's 5.11 percent, Statistics Indonesia said.
Hoping to escape relentless heat waves, more tourists in Croatia are heading to an upland getaway to dodge the soaring temperatures by the sea. Like much of southeast Europe, Croatia has been hit by a string of heat waves throughout the summer, with the mercury regularly passing 37 degrees Celsius.
Lynne Ingram cuts a peaceful figure as she tends to a row of humming beehives in a leafy corner of Somerset, southwest England. - Lasers - Behind the closed blinds of a research laboratory at Aston University in Birmingham, central England, researchers fighting honey fraud are harnessing cutting-edge technology.
Tokyo led a plunge across Asian equities Monday, while the yen hit a six-month high after weak US jobs data fanned fears of a recession in the world's top economy and boosted bets on several Federal Reserve interest rate cuts.
The Nigerian foreign exchange market dipped by 6.43% in July despite the sales of foreign exchange to authorized dealers. The naira crashed at a high of N1,608.73.
Economy
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