Europe: Shares log longest weekly streak of advances in a year

Europe: Shares log longest weekly streak of advances in a year

EUROPE’S main stock index closed lower on Friday (Feb 14), as investors paused following four successive sessions of gains, while luxury stocks advanced after robust earnings from Birkin bag maker Hermes. The pan-European Stoxx 600 index settled down by 0.2 per cent, after closing the previous four sessions at record high levels. Still, the benchmark…

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US: Stocks end volatile week on muted note

US: Stocks end volatile week on muted note

WALL Street stocks finished mixed on Friday (Feb 14) following lacklustre US retail sales data in a muted finale to a volatile week. US retail sales fell 0.9 per cent between December and January to US$723.9 billion, partly due to slumping auto sales. The report missed estimates in the biggest month-on-month decline since early 2023. …

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Trump’s Wrath Falls on Associated Press as President Indefinitely Bans Wire Service from White House for Refusing to Accept Gulf of America

Trump’s Wrath Falls on Associated Press as President Indefinitely Bans Wire Service from White House for Refusing to Accept Gulf of America

The Donald Trump administration on Friday imposed an indefinite ban on the Associated Press from the White House due to the wire service’s refusal to change its AP style guide to rename the Gulf of Mexico as the “Gulf of America,” in a bombshell decision. On Friday, Deputy Chief of Staff Taylor Budowich criticized the…

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