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Added on the 28/11/2022 17:06:32 - Copyright : Euronews EN
According to Reuters, a global gauge of stock markets fell below a two month low. On May 29th, MSCI's all-country world stock index fell about 1-percent with losses stretching across Asia, the US, and Europe. In Europe, the Stoxx 600 index fell 1.4-percent, while the euro was steady after two days of losses. On Wall Street, the top three markets on the New York Stock Exchange lost about 1-percent each. The Dow Jones Industrial Average plunged 270-points, dropping over 1-percent.
Russia's weak economy is hitting many tourism and luxury goods companies hard, forcing them to cut prices and costs. As Hayley Platt reports Russian tourist spend halved for January.
Heavy discounting failed to stop euro zone business activity growing less than thought last month. As Hayley Platt reports the new data suggests the bloc's economy may contract again early next year.
EU Commission President Ursula von der Leyen hails the EU parliament's adoption of a contentious asylum policy reform as a "huge achievement for Europe". The parliament's main political groups overcame opposition from far-right and far-left parties to pass the new migration and asylum pact -- a sweeping reform nearly a decade in the making. SOUNDBITE
Activist Greta Thunberg says that a ruling by Europe's top rights court that Switzerland was not doing enough to tackle climate change is "only the beginning". SOUNDBITE
Europe's top rights court says Switzerland is not doing enough to tackle climate change, in the first such ruling on the responsibility of states in curbing global warming. SOUNDBITE
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