Tuesday 1 September 2015

China jitters send stocks tumbling

World stocks and commodity prices tumbled on Tuesday, as poor Chinese data saw fears about its economic health intensify. After a few upbeat days for world markets, concern about China revived after surveys showed its manufacturing sector shrinking at its fastest pace in three ye


London bans lorries deemed unsafe for cyclists

London has banned lorries that do not have safety features designed to protect cyclists from driving in the city after a series of fatal accidents in which riders were dragged under the wheels of heavy goods vehicles. Under new rules that came into force on Tuesday, lorries weigh


Satellite images show Palmyra temple destroyed

Satellite images have confirmed the destruction of the main building of a Roman-era temple in the Syrian city of Palmyra, a United Nations agency said, after activists said the hardline Islamic State group had targeted it. The images show the remains of the Temple of Bel at the U


Asian shares slip over downbeat China PMIs

Asian shares fell on Tuesday and the dollar struggled after twin surveys showed China's manufacturing sector in the grip of its worst slump in several years, raising fresh fears about the health of its economy. China's official Purchasing Managers' Index (PMI) fell to


India's slower growth boosts rate cut calls

Indian growth slowed by more than expected in the quarter to June, a setback for Prime Minister Narendra Modi that will prompt more urgent calls from his aides for interest rate cuts. Many government officials in New Delhi had been talking of taking the baton of global growth in


Migrant boat sinks off Libyan coast, kills 37

A boat carrying migrants sank off Libya's Mediterranean coast, killing at least 37 people, a local official said on Sunday, the second such fatal accident within days. "We had reports this morning that there are seven bodies of illegal migrants that sank off Khoms (east


Oil prices fall 5pc on profit taking

Oil prices fell in Asia on Monday as traders took profits, snapping gains last week that saw the biggest two-day rally in six years. Brent crude futures for October delivery slipped nearly $1, or 2 per cent, putting the benchmark on track for its fourth straight monthly decline,


Thai police hunt more bomb suspects after arrest

Police probing Thailand's deadliest bombing widened their net in the search for more suspects on Sunday after a foreigner was arrested and stacks of fake passports and bomb-making materials were found during a raid on a Bangkok apartment block. The 28-year-old man, who has be


Europe fails on electronics recycling goals

Only a third of Europe's electronic waste is properly recycled, with vast numbers of cellphones, computers and televisions illegally traded or dumped, a study led by the United Nations and Interpol said on Sunday. Sweden and Norway were close to European targets of collecting


Focus turns to US data as China slowdown looms

After a dizzying two weeks that saw a rapid plunge and rebound in equity prices, investors are looking forward to a week of economic data that may provide clarity on the likelihood of a near-term US interest rate hike and help tamp down the market's recent wild swings. The ec

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