According to China's top economic planning body, some local companies are cutting back on their efforts to hire new university graduates.China Economyread more
Airbus recorded orders and options for 123 planes, according to the aviation consulting firm IBA.iQ.Paris Air Showread more
Markets in Asia were mostly higher in Tuesday trade as investors awaited the start of a closely-watched meeting by the U.S. Federal Reserve, set to kick off later stateside.Asia Marketsread more
Wall Street analysts think Facebook's cryptocurrency payments project will give the company a big boost.Marketsread more
Chinese President Xi Jinping will travel to North Korea this week for a two-day visit, ahead of a possible meeting between Xi and President Donald Trump at next week's G-20...Politicsread more
The Pentagon said that the crew of one of the tankers, the Japanese Kokuka Courageous, found an unexploded limpet mine on its hull following an initial explosion.Politicsread more
Despite the popularity of companies like Beyond Meat and Impossible Foods, meat consumption around the world continues to rise.Food & Beverageread more
Electronic material that Infowars host Alex Jones turned over to families of Sandy Hook Elementary School shooting victims who are suing him contained images of child...Politicsread more
Facebook's reported move into cryptocurrency could amount to the biggest catalyst for digital assets in their decade-long history, some crypto investors say.Bitcoinread more
In a 7-2 ruling, over dissents from Justices Ruth Bader Ginsburg and Neil Gorsuch, the justices affirmed the so-called "dual sovereignty" exception to the Constitution's...Politicsread more
Eleven banks that lend to shipping lines announced Monday that climate impact will be integrated into the criteria that determines how much shipping companies can borrow, an...Transportationread more
European equities closed lower on Monday on the back of a sell-off in tech stocks and higher oil prices.
The pan-European Stoxx 600 ended provisionally lower by 1.00 percent with almost every sector in the red. The tech sector was the worst performer, down by almost 3.58 percent. SAP was down 5.52 percent after making a deal to buy Qualtrics for $8 billion.
Shares of Austrian chipmaker AMS tumbled 22.41 percent after other suppliers to tech giant Apple cut their forecasts. The German-listed Infineon also shed value following demand fears, losing 7.31 percent during the session.
On the other hand, oil and gas stocks were the top performers on Monday, up by more than 0.24 percent. At the weekend, Saudi Arabia announced a cut in supply for December in a bid to halt a recent slump in prices. At the closing bell, Brent had risen 1.27 percent to trade at $71.07 and WTI was up by 1.11. percent at $60.88.
BP and Royal Dutch Shell were up 0.80 percent and 0.71 percent respectively after the crude oil price recovery.
By the close the FTSE 100 was provisionally down 46 points or 0.65 percent, at 7,105.
In other stock news, Telecom Italia rose toward the top of the benchmark, up by 2.79 percent by the close. This was after news that it could merge with its domestic rival Open Fiber. British American Tobacco dropped 10.62 percent after news of a potential ban on menthol cigarettes in the U.S.
In the U.K., Prime Minister Theresa May was reportedly forced to drop plans for an emergency Brexit cabinet meeting on Monday due to resistance in her own government, the Independent reported. According to the Sunday Times, four government ministers who are pro-European are on the brink of resigning. All eyes are now on a cabinet meeting scheduled for Tuesday.
Ben Broadbent, deputy governor of the Bank of England, told CNBC Monday that the next two to three months will be critical for the future of the U.K. economy.
"The sequence of events over the next two to three months could change the outlook materially," Broadbent said.