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NewsAFP NewsBritain's last coal-fired power station closes
The UK's last coal-fired power station will officially close its doors on Monday, making Britain the first G7 country to end its reliance on the fossil fuel to produce electricity. The history of Britain's reliance on coal dates back to 1882, when the world's first coal-fired power station was built in central London. ajb/har/ju/yad
BusinessReutersOil prices rise on Middle East conflict fears as Israel steps up attacks
SINGAPORE (Reuters) -Oil prices extended gains on Monday, buoyed by escalating concerns over potential supply pressures from Middle East producers following Israel's increased attacks on Iranian-backed forces in the region. Brent crude futures for November delivery increased 51 cents, or 0.71%, to $72.49 a barrel as of 0330 GMT. However, prices on Monday were supported by the possibility of a widening Middle East conflict involving Iran, a key producer and member of the Organization of the Petroleum Exporting Countries (OPEC), after Israel stepped up its attacks on the Hezbollah and Houthi militant groups that Iran backs.
BusinessReutersAsia shares dragged by Nikkei, China keeps rallying
SYDNEY (Reuters) -Asia share markets turned hesitant on Monday as strife in the Middle East offset more stimulus measures in China, while the Nikkei dived on concerns Japan's new prime minister favoured normalising interest rates. The week is packed with major U.S. economic data including a payrolls report that could decide whether the Federal Reserve delivers another outsized rate cut in November. The Nikkei led the early action with a dive of 4.1% as investors anxiously waited for more direction from new Prime Minister Shigeru Ishiba, who has been critical of the Bank of Japan's easy policies in the past.