Turkey's beleaguered lira extended its biggest rally of the year on Monday in response to a new rule that effectively forces many banks to part with some of their foreign currency.. The measure meant that some big banks whose lira loans matured Monday had to sell their foreign currencies in order to make the payments.
Italy's second richest man, eyewear magnate Leonardo Del Vecchio, has died at age 87 after building an optical empire that saw him buy up major brands like Ray-Ban, Persol and Oakley.. He spotted the advantage of partnering with fashion design brands, including Giorgio Armani, branched out into retail and snatched up trendy eyewear brands like Ray-Ban, Persol and Oakley.
Climate activists on Monday blocked entry to the International Monetary Fund's Paris office with some gluing their hands to its doors, demanding developing countries' debt be scrapped to help tackle climate change.. Several activists from Extinction Rebellion, Youth for Climate and 350.org glued their hands to glass doors at the building's entrance, while others sat in front with their arms linked together inside tubes to make it harder to move them.
YouTube has removed a viral music video in India released posthumously by murdered Sikh rapper Sidhu Moose Wala following a complaint by the government.. The track, released posthumously on Thursday, also touches on other sensitive topics such as deadly riots targeting the Sikh community that broke out in India in 1984 and the storming of an important Sikh temple in Amritsar by the army the same year.
Ecuadoran President Guillermo Lasso announced Sunday that the country will cut fuel prices, which had sparked weeks of demonstrations, though not by as much as protesters have demanded.. The powerful Confederation of Indigenous Nationalities of Ecuador (Conaie), which since June 13 has been blocking roads and occupying oil wells in different parts of the country, had demanded a reduction in prices by an additional 30 cents and 35 cents, respectively.
Asian markets rallied again Monday, building on last week's advances and following a strong performance on Wall Street as speculation that inflation may have peaked tempered expectations about central bank interest rate hikes.. The prospect that rates will not go as high as initially expected helped send Wall Street stocks higher Friday, with the S&P 500 and Nasdaq ending up more than three percent.
Holding rotten peppers in her hands, Mariana Morales says she has been unable to open her stall at the Santa Clara market north of Ecuador's capital Quito for a week.. Santa Clara, like five other markets in the capital, was forced to close for several days and only partially resumed operations on Saturday.
Ecuador's energy ministry warned Sunday that oil production had reached a "critical" level and could be halted entirely within 48 hours if protests and roadblocks continue in the crisis-wracked South American country.. "Oil production is at a critical level," the ministry said in a statement.
Menswear proved to be in reinvigorated form as Paris Fashion Week ended on Sunday, with spectacle, innovation and the return of big-name designers to the catwalk. . He gave no explanation for his reappearance on the catwalks, but he returns when there is a sense of a renaissance in menswear.
The G7 group of rich democracies on Sunday announced an attempt to compete with China's formidable Belt and Road Initiative by raising some $600 billion for global infrastructure programmes in poor countries.. "There's no doubt that the Belt and Road Initiative has been around for several years and it's made a lot of cash disbursements and investments -- and that we're coming to this after years of their investments," the official said.
