Drilling for Oil the Old-Fashioned Way in ‘Little Texas,’ Indonesia
Small pumps and truck engines are used to extract crude from the ground in parts of the country, which has tens of thousands of community-run oil wells.
The Iran War Is Making Asia’s Street Food More Expensive
Some staple dishes in Asia are no longer as affordable to purchase or prepare. Customers and food sellers alike are feeling the pinch.
In Washington, Netanyahu Faces a Delicate Balancing Act
Prime Minister Benjamin Netanyahu of Israel is set to meet President Trump on Tuesday, with one eye on Iran and another on the coming elections back home.
India’s ‘Cockroach’ Moment
Narendra Modi caved to the demands of India’s young people — a nod to their real power.
Despite Cancellations, Company Says ‘Game of Thrones’ Play Is On Track
The Royal Shakespeare Company called off five preview performances of the epic four-hour production last week, including one just hours before its scheduled curtain.
Heat Wave Threatens Further Wildfire Spread in France and Spain
The record wildfires, which have destroyed more than 200 homes and prompted large evacuations, could intensify with the arrival of a new heat wave.
London stocks inch up as US-Iran pause, earnings lift risk appetite
London’s FTSE 100 edged higher on Monday as a pause in U.S.-Iran hostilities over the weekend sent oil prices lower and boosted risk sentiment globally, while a decline in energy stocks capped gains.
The blue-chip FTSE 100 index rose 0.4% to 10,781.75 points, while the midcap FTSE 250 (.FTMC) also climbed 0.6%.
The U.S. paused its attacks on Iran over the weekend, and a senior Iranian official told Reuters Tehran would do the same if the U.S. bombing pause holds.
Oil prices tumbled more than 7% to about $89.42 a barrel, dragging British energy stocks (.FTNMX601010), 1.5% lower for their biggest one-day drop since the beginning of the month.
Travel and leisure stocks (.FTNMX405010), opens new tab were among the biggest gainers, with a 1.7% advance. IAG (ICAG.L), opens new tab gained 1.5% and Premier Inn owner Whitbread (WTB.L), opens new tab added 1%.
Meanwhile, quarterly earnings also gained momentum. The FTSE 350 telecom services provider index (.FTNMX151020), gained 3.9%, helped by a 4.8% rise in Vodafone (VOD.L), after it raised its forecast to reflect its Safaricom deal, and said it expected to deliver results at the upper end of its new range.
Pharma stocks (.FTNMX201030),added 1.8%, with AstraZeneca
Results from U.S. Big Tech companies, including Microsoft (MSFT.O), opens new tab and Apple (AAPL.O), will also be crucial to gauge whether the AI-driven rally is sustainable, which could set the tone for broader markets.
Policy statements from the U.S. Federal Reserve and the Bank of England will be watched later this week for hints on the banks’ next likely moves.
Markets are pricing in at least one 25-basis-point rate increase in both economies, with an over 60% chance of a second in the U.S. and over 40% in UK, according to LSEG-compiled data.
Vesuvius (VSVS.L), shares slid about 12.8% to the bottom of the FTSE 250 (.FTMC), opens new tab after a dip in its profit for the first half of the year.
Even Before Attack, Berlin’s Gay Community Felt ‘More and More Unsafe’
The killing of a woman in what officials called an act of Islamist terrorism rattled a community that has seen a surge in threats, including from the far right.
Here’s the latest.
Here’s the latest.
India’s ‘Cockroach’ Protesters Disperse, But Questions Remain on Education and Dissent
The ‘Cockroach’ movement dispersed, saying its demands had been met, but there are larger issues about the country’s education system and the future of dissent.
