BLACK MONDAY IN CHINA
Photo: Zhang Yixi/Xinhua/ZUMA
Chinese stocks plunged 8.5% today after their worst trading day since the beginning of the 2007 financial crisis. What Xinhua described as â€œBlack Mondayâ€ saw the Shanghai Composite indexâ€™s entire gains for the year wiped out after weeks of free fall, despite strong government intervention. The crisis intensified after Beijingâ€™s decision to devalue its currency, and more than $5 trillion has been wiped off global stocks since then, with falling oil prices among the other factors behind the global plunge, according to The Daily Telegraphâ€™s live blog.
- Shares across Asia and emerging economies were also hit by the global sell-off. Japanâ€™s Nikkei reached a six-month low, dropping 4.6%, its biggest decline in two years.
- European stocks opened down this morning with Bloomberg warning that Germanyâ€™s DAX is â€œheaded for a bear market.â€
â€œWe need a clear apology and measures to prevent a recurrence of these provocations and tense situations,â€ South Korean President Park Geun-hye said in a statement yesterday, just days after exchanging fire with North Korea. There are heightened tensions between the two countries over landmines that injured South Korean soldiers earlier this month. Pyongyang has denied planting the landmines, but Seoul insists on an apology.
FRANCE HONORS THALYS â€œHEROESâ€
French President François Hollande this morning bestowed the Légion dâ€™Honneur, Franceâ€™s highest award, on the three Americans and the Briton who foiled the Friday attack on a Thalys train bound for Paris, France 24 reports. The four men overpowered a 25-year-old Moroccan gunman, Ayoub El-Khazzani, as he fired his Kalashnikov and injured one passenger. French authorities suspect the shooting was an attempted terrorist attack. But Khazzani, who had been flagged by intelligence services in Belgium, France, Germany and Spain as an Islamist extremist, denied the terrorism allegations and claimed he found the weapons in a Brussels park and decided to rob train passengers.
Jamaican running legend Usain Bolt defended his 100-meter title yesterday at the IAAF World Championships in Beijing, finishing in 9.79 seconds. Read more in our Extra! feature.
ISIS DESTROYS ANCIENT PALMYRA TEMPLE
ISIS jihadists in the ancient Syrian city of Palmyra â€œblew upâ€ a UNESCO-listed temple built in 17 AD, almost 2,000 years ago, the BBC reports. The Temple of Baal Shamin was one of Palmyraâ€™s best known buildings, and large parts of it were almost intact. According to the UK-based Syrian Observatory for Human Rights, the temple was destroyed a month ago. The news comes one week after ISIS militants beheaded Khaled al-Asaad, Palmyraâ€™s 82-year-old retired chief archaeologist.
EU LEADERS MEET OVER MIGRANT CRISIS
German Chancellor Angela Merkel and French President François Hollande will meet in Berlin later today to discuss the ongoing migrant crisis, with the surge of people from the Middle East and Africa showing no signs of slowing. Italian coastguards on Saturday rescued some 4,400 people from 22 inflatable dinghies and overcrowded boats, meaning more than 108,000 have now reached Italy since the beginning of the year. The government in Macedonia, meanwhile, reopened its border with Greece, prompting an estimated 7,000 migrants to cross the country to reach Serbia. Read more from AFP.
ON THIS DAY
Happy 57th birthday to English comedian Stephen Fry. That and more in todayâ€™s shot of history.
LEBANON PROTESTS END IN CLASHES
Thousands of protesters flooded Beirut streets Saturday and Sunday to protest the governmentâ€™s failure to solve a garbage crisis thatâ€™s been engulfing the city for weeks, as well as corruption and power cuts. But what started as a peaceful march ended in looting and violent clashes with the police, while protesters called on the government to resign, Lebanese newspaper Lâ€™Orient Le Jour reports. At least 402 people were injured on Sunday and a third day of protests planned for today has been postponed as a result.
Believe it or not, itâ€™s possible to spend an entire day in Monaco, on the French Riviera, off the tourist trail and far from ostentatious jewelry and pampered princesses. â€œFew places in the world are as marked by clichés as Monaco, with its casinos, Ferraris, gleaming "60s-era high-rises and glitzy royal family, a mainstay of the worldâ€™s tabloids since American actress Grace Kelly became princess of the sovereign city-state in 1956,â€ Le Mondeâ€™s Sylvie Chayette writes. â€œOn a market day in the district of La Condamine, the parade ground is overflowing with small bars. They are selling the renowned barbajuans, an appetizer that looks like giant ravioli. Itâ€™s generally stuffed with Swiss chard, cheese and meat. You can also try the socca, a traditional dish made with chickpea flatbread. Otherwise, the Oceanographic Museumâ€™s panoramic restaurant offers a stunning view, perched as it is 85 meters above the sea.â€
Read the full article, 24 Hours In Monaco, But Away From The Garish And Gaudy.
MY GRAND-PÈRE'S WORLD
Guinness World Records has formally recognized Yasutaro Koide, a 112-year-old living in the central Japanese city of Nagoya, as the worldâ€™s oldest man. His secret to longevity? â€œEnjoy everythingâ€ and donâ€™t â€œoverdo.â€
A court in Spain usurps custody of the one-year-old boy living with his mother in the "deep" part of the Galicia region, forced to instead live with his father in the southern city of Marbella, which the judge says is "cosmopolitan" with good schools and medical care. Women's rights groups have taken up the mother's case.
A Spanish court has ordered the withdrawal of a mother's custody of her one-year-old boy because she is living in the countryside in northwestern Spain, where the judge says the child won't have "opportunities for the proper development of his personality."
The case, reported Monday in La Voz de Galicia, has sparked outrage from a women's rights association but has also set off reactions from politicians of different stripes across the province of Galicia, defending the values of rural life.
Judge María Belén Ureña Carazo, of the family court of Marbella, a city on the southern coast of 141,000 people, has ordered the toddler to stay with father who lives in the city rather than with his mother because she was living in "deep Galicia" where the child would lack opportunities to "grow up in a happy environment."
Front page of La Voz de Galicia - October 25, 2021
Front page of La Voz de Galicia - Monday 25 October, 2021
Better in a "cosmopolitan" city?
The judge said Marbella, where the father lives, was a "cosmopolitan city" with "a good hospital" as well as "all kinds of schools" and thus provided a better environment for the child to thrive.
The mother has submitted a formal complaint to the General Council of the Judiciary that the family court magistrate had acted with "absolute contempt," her lawyer told La Voz de Galicia.
The mother quickly accumulated support from local politicians and civic organizations. The Clara Campoamor association described the judge's arguments as offensive, intolerable and typical of "an ignorant person who has not traveled much."
The Xunta de Galicia, the regional government, has addressed the case, saying that any place in Galicia meets the conditions to educate a minor. The Socialist party politician Pablo Arangüena tweeted that "it would not hurt part of the judiciary to spend a summer in Galicia."
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