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European stocks falter after Asian markets decline
By AFP - Jul 05,2021 - Last updated at Jul 05,2021
London stocks go up as oil prices rise ahead of an output decision by the Organisation of the Petroleum Exporting Countries (AFP photo)
LONDON European stock markets faltered on Monday after a mainly downbeat Asian session, but London rose on takeover news and rising oil prices before an output decision by the Organisation of the Petroleum Exporting Countries (OPEC).
In early afternoon eurozone deals, Frankfurt stocks dipped and Paris flatlined, as investors eyed poor Chinese data.
With US markets shut for the Independence Day holiday, no momentum was expected from the other side of the Atlantic.
By Maya Gebeily, Thomson Reuters Foundation
6 Min Read Poorer Iraqis struggle to cope with power cuts Better-off residents bypass blackouts with generators
BEIRUT, July 6 (Thomson Reuters Foundation) - No strangers to temperatures above 50 degrees Celsius (122 Fahrenheit), Iraqis are adept at finding ways to stay cool in summer. But a spate of recent power cuts has exposed a deep divide between the heatwave haves and have-nots.
While relatively well-off residents of the capital, Baghdad, can afford generators that crank into action when the national grid falters, others have been struggling to cope without air-conditioning, fridges and electric fans for days.
Government employee Sadiq Sadkan pays about $200 per month to access a generator supplying his middle-class neighbourhood during blackouts, which worsen amid surging summer demand.