Asian and European stock markets mostly fell Monday and the dollar rose as relief over a last-minute deal to avoid a US government shutdown gave way to renewed concerns over high interest rates. US stocks ended Friday mostly lower as a government shutdown appeared likely after hardline Republicans had tanked an earlier plan to keep the lights on.
Thousands of flights were cancelled in France and Europe on Thursday as a strike by French air traffic controllers over pay caused stoppages not seen in decades.
Turkey's central bank held its key interest rate steady on Thursday but warned it could hike it again as the country's soaring inflation remains a headache for President Recep Tayyip Erdogan's government. Erdogan has allowed Turkey's central bank to hike its main policy rate from just 8.5 percent before his re-election last May to 50 percent.
Venice on Thursday began charging day-trippers for entry, a world first aimed at tackling mass tourism but opposed by protesters objecting to treating the historic Italian city as a museum.
One of China's largest auto shows kicked off in Beijing on Thursday, with electric vehicle makers keen to show off their latest designs and high-tech accessories to consumers in the fiercely competitive market.
Britain's main Labour opposition on Thursday vowed to renationalise the UK's much-maligned rail services within five years if it wins a general election due later this year. Labour has been pretty light on policy detail as it tries not to blow a huge lead over Prime Minister Rishi Sunak's Conservatives in opinion polls, and return to power after 14 years in opposition.
President Joe Biden's government on Thursday finalized sweeping plans to curb planet-warming emissions from the nation's fossil fuel plants as part of the United States' efforts to confront the climate crisis.
Micron is set to receive up to $6.1 billion in grants from the US government to help build its semiconductor plants in New York and Idaho, the White House said Thursday. Micron is set to invest up to $125 billion across both states over the next two decades "to build a leading-edge memory manufacturing ecosystem," according to the White House.
The South Korean agency behind K-pop sensation BTS said Thursday it will file a legal complaint against its powerhouse subsidiary's head for allegedly orchestrating a plan to break away from the parent company.
Australian mining giant BHP confirmed on Thursday a $38.8 billion takeover bid for British rival Anglo American, a colossal deal with the potential to fundamentally reshape the sector. Its longtime rival Anglo American has a market value of about $36 billion.
Economy
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