Author: staff

By&nbspQuirino Mealha&nbspwith&nbspAP Published on 04/03/2026 – 10:45 GMT+1 The Kospi in Seoul closed down 12.1% at 5,093.54, triggering a temporary trading halt. A circuit breaker was also activated on the tech-heavy Kosdaq which saw an even bigger drop of 14%. Shares in Samsung Electronics fell 11.7% and the semiconductor supplier SK Hynix lost 9.6%, as investor optimism about AI demand for semiconductors was overwhelmed by concerns over energy security. South Korea, which imports virtually all its crude oil and sources from the Middle East, was one of the world’s best-performing stock markets earlier this year but is now particularly exposed…

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“To go and put our nuclear weapons in countries that are buying American F-35 … there is a major contradiction there,” she said. The possible fighter jet deployment was one element of Macron’s push to enhance nuclear cooperation with partners. He also announced France would conduct joint nuclear drills, but insisted that the final control of whether to launch nuclear weapons would remain firmly in the hands of the French president, who will also continue alone to define the country’s so-called vital interests.   The far right had for months accused Macron of mulling a surrender of France’s sovereignty over its nuclear arsenal, after he opened the door to strategic nuclear cooperation with European…

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7:52 GMT+1 Trump administration scrambles for congressional support The US Senate is headed towards a vote Wednesday on President Donald Trump’s decision to embark on a war against Iran, an extraordinary test in Congress for a conflict that has rapidly spread across the Middle East with no clear US exit strategy.The legislation, known as a war powers resolution, gives lawmakers an opportunity to demand congressional approval before any further attacks are carried out. The Senate resolution and a similar bill being voted on in the House later this week face unlikely paths through the Republican-controlled Congress and would almost certainly…

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Global film festival directors, including Cannes’ Thierry Frémaux, Sundance’s Eugene Hernandez, London’s Kristy Matheson and Toronto’s Cameron Bailey, have published a statement throwing their support behind Berlinale boss Tricia Tuttle, amid reports that she may be getting fired. Tuttle, who is currently two years into a five-year mandate, faces political backlash following pro-Palestinian speeches at this year’s Berlinale awards ceremony. “We stand in support of Tricia Tuttle’s wish to continue as Berlinale Festival Director, in full trust and with institutional independence,” began the letter signed by 32 execs at the helm of the world’s most prestigious film festivals. “A core…

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Published on 04/03/2026 – 9:14 GMT+1 Following US and Israeli strikes, this week Iran moved to block the Strait of Hormuz, the ultimate geopolitical chokepoint connecting the Persian Gulf to the open ocean. Let’s investigate the economic impact. Do you have a car? Twenty million barrels of oil squeeze through this narrow strait every single day, representing roughly 20% of the global supply. As drone attacks halt major shipping, global oil prices have surged. This means immediate price hikes at the petrol station and rising supermarket inflation, since shipping everyday goods will cost more. And what about your house? Because…

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Nature tourism is normally a reliable way to escape the crowds, but in many European hotspots, even that doesn’t always work anymore. Some places have had to cap visitor numbers and increase fees for activities such as hiking, while others have introduced eco-taxes amid record tourist numbers. For adventure lovers who really want to get away from it all, Kyrgyzstan is positioning itself as a prime destination. With more than 90% of the country covered by mountain ranges, you’re all but guaranteed to find yourself enjoying stunning natural attractions without the crowds. Connect with nature in Kyrgyzstan Kyrgyzstan offers visitors…

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LONDON — The U.K.’s finance minister insists the British people are going to feel richer. Just not yet. Rachel Reeves delivered a biannual forecast on Tuesday that insisted inflation, borrowing and debt will all fall by the next general election, benefiting people by £1,000 a year. Voters, she said, will ask themselves one question in 2029: “Are me and my family better off?” And, the chancellor told MPs: “I am determined that the answer will be yes.” Reeves has a reason to point to the future — right now, the country’s economic woes are stark. Tuesday’s forecast revised growth in…

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Most card or online purchases in Europe go through Visa or Mastercard, two American companies that lead global payments. EU leaders now see this as a risk Europe can’t ignore, and they’re acting. Wero is a digital wallet created by European banks and payment companies to avoid using card networks. It uses instant bank transfers, which remove middlemen, lower fees, and keep data within Europe. Wero already has tens of millions of users in Germany, France, and Belgium, and it’s growing quickly. Two main reasons drive this effort: control and cost. The European Central Bank warns that relying on foreign…

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