France builds EU support in sub row, but some warn against US rift

SOUNDBITE On the sidelines of the UN General Assembly, the European Union’s diplomatic chief Josep Borrell says EU ministers “expressed a clear solidarity towards France” after Australia last week canceled a multi-billion-dollar contract for French submarines, instead opting for US nuclear-powered ones as part of a new three-way alliance with Washington and London. European allies … Read more

France wins EU backing in submarine row

SOUNDBITE On the sidelines of the UN General Assembly, the European Union’s diplomatic chief Josep Borrell says EU ministers “expressed a clear solidarity towards France” after Australia last week canceled a multi-billion-dollar contract for French submarines, instead opting for US nuclear-powered ones as part of a new three-way alliance with Washington and London. European allies … Read more

Asian markets stabilise after rout but Evergrande fears linger

The crisis at Evergrande, one of China’s biggest developers, added to an already downbeat mood on trading floors Equities fluctuated in Asia on Tuesday, with investors nervously keeping an eye on troubled property giant China Evergrande after fears over its possible collapse sparked a rout across global markets. Still, analysts said the nervousness on markets comes … Read more

US to end travel bans for vaccinated passengers

The easing of travel restrictions, imposed 18 months ago by Donald Trump as the Covid-19 pandemic first erupted, marks a significant shift by the US The United States announced Monday it will lift Covid travel bans on all air passengers in November if they are fully vaccinated and undergo testing and contact tracing. The unprecedented … Read more

Global stocks sink on Evergrande contagion fears

Fears about a contagion from the possible collapse of China Evergrande have sent property firms in Hong Kong plunging World stocks sank Monday as trading floors were gripped by contagion fears from the expected collapse of debt-plagued Chinese property giant Evergrande, with investors also on red alert over spiking wholesale gas costs. Sentiment is being … Read more

Hong Kong leads equity sell-off as Evergrande fears spread

Fears about a contagion from the possible collapse of China Evergrande have sent property firms in Hong Kong plunging Asian markets sank Monday on fears about contagion from a possible collapse of teetering property giant China Evergrande, while sentiment was also dragged by the Federal Reserve’s plans to taper monetary policy, surging Delta infections and … Read more

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