US stocks closed higher Monday thanks to a technical rebound and bargain-hunting after last week's nightmarish run.. "I think today it really was about bargain hunting," RegentAtlantic analyst Andy Kapyrin said.
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Rockstar Games said Monday that data from the next installment in its blockbuster "Grand Theft Auto" franchise was stolen, as glimpses of play spread on social media.. Rockstar added that it did not expect the hack to disrupt any of its projects or online play of its games, and that work on the next "Grand Theft Auto" game will continue as planned.
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Central banks worldwide are using aggressive interest rate hikes to lasso galloping inflation, at the risk of pulling down the global economy with it.. Central banks have since raised hikes in an almost synchronised way, raising concerns that their late and aggressive reactions could now do more harm than good.
Russia's invasion of Ukraine may cause long-term grain prices to rise seven percent, according to a study on Monday showing how expanded production elsewhere to compensate would lead to higher greenhouse gas emissions.. Figures from the UN's Food and Agriculture Organization show food prices are currently more than 10 percent higher than they were a year ago.
The Lebanese pound fell to a new low against the US dollar on the black market Monday as a severe economic downturn has sparked bank hold-ups by angry depositors and anti-government protests.. For decades, the Lebanese pound was pegged at 1,507 to the dollar, meaning that it has lost around 95 percent of its black market value since 2019.
Switzerland signed a controversial contract on Monday to buy 36 US F-35 stealth fighter jets at a cost of more than six billion francs ($6.2 billion). . The selection of the F-35 by the Swiss government in June 2021 sparked some controversy, particularly in light of the cost-overruns of the fighter programme in the United States.
Chancellor Olaf Scholz will visit Saudi Arabia and meet Saudi Crown Prince Mohammed bin Salman as part of a Gulf trip, his spokesman said Monday, as Germany rushes to secure energy supplies.. Scholz, accompanied by a business delegation, will visit Saudi Arabia on Saturday, where he will meet with the crown prince and -- if his health permits it -- King Salman, government spokesman Steffen Hebestreit said.
The German central bank said Monday it was increasingly likely that Europe's largest economy would shrink for a "prolonged" period as Russia throttled energy supplies to the continent.. "The signs of a recession for the German economy are multiplying," the Bundesbank said in its monthly report, warning of a "broad-based and prolonged decline in economic output".
