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(MENAFN - AFP) The pound sank Monday to 30-year lows while most stock markets tumbled following Britain's decision to leave the European Union, with traders fearing it will lead to months of uncertainty.

Sterling plunged two percent in early exchanges as dealers rushed into assets considered safe, such as the yen and gold, although Japan's Nikkei stock index rallied after ...

 
(MENAFN - AFP) The shockwaves felt after Britain voted to leave the European Union are set to have a dramatic impact on the transfer fees splashed out by cash-rich Premier League clubs for leading European players.

One question is whether players like French Manchester United target Paul Pogba would be eligible to play in Europe's most high-profile and competitive league, ...

 
(MENAFN - AFP) Panama has declared its century-old canal open to a new generation of supersized cargo ships after years of massive expansion works aimed at profiting from burgeoning US-Asia trade.

A giant Chinese-chartered freighter, baptized COSCO Shipping Panama especially for the occasion, made its way along the 80-kilometer (50-mile) waterway linking the Atlantic and ...

 
(MENAFN - AFP) As the last of the Paris menswear collections go down runways Sunday, we survey the big themes of the week's fashion shows.

- Fashion (still) loves England -

They may have plunged themselves and the world's financial markets into crisis with Thursday's Brexit vote, but everybody still loves the English -- or their style at least.

From Dior's black-clad ...

 
(MENAFN - AFP) A Singapore Airlines plane caught fire Monday while making an emergency landing at Changi Airport after turning back from a flight to Milan following an engine oil warning message, the carrier said.

No one was injured aboard the Boeing 777-300ER, but one passenger described those moments as a "so-close to death" experience.

SIA said in a statement Flight ...

 
(MENAFN - AFP) The pound sank Monday to sit at 30-year lows while most stock markets tumbled following Britain's decision to leave the European Union, with traders fearing it will lead to months of uncertainty.

Sterling plunged two percent in early exchanges as dealers rushed into assets considered safe, such as the yen and gold, although Japan's Nikkei stock index rallied ...

 
(MENAFN - AFP) Financial reform is urgently required to bolster global growth and overcome volatility, the Bank of International Settlements (BIS) said in its latest annual report Sunday.

Warning of the danger of using debt to fuel growth, the BIS called for a "rebalance" in policy "to shift to a more robust and sustainable expansion."

It said that the debt-fuelled ...

 
(MENAFN - AFP) A giant Chinese-chartered freighter nudged its way into the expanded Panama Canal on Sunday to mark the completion of nearly a decade of work forecast to boost global trade.

Thousands of people cheered and waved flags as they watched the vessel, especially renamed COSCO Shipping Panama, inaugurate the widening of the century-old waterway, which has been fitted ...

 
(MENAFN - AFP) French Prime Minister Manuel Valls on Sunday blasted a planned EU-US trade treaty, saying the ambitious deal was against "EU interests."

"No free trade agreement should be concluded if it does not respect EU interests. Europe should be firm," Valls told members of the governing Socialist Party, adding "France will be vigilant about this."

"I can tell ...

 
(MENAFN - AFP) Stock markets in the energy-rich Gulf states dropped Sunday in the first trading session after Britain voted to leave the European Union.

All seven Gulf Cooperation Council (GCC) stock markets were closed for the Muslim weekend on Friday when the result of the British referendum was announced.

Share prices in most Gulf markets dropped sharply at the start ...

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