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Argentine peso and markets plunge after shock vote

Argentine peso and markets plunge after shock vote

Business
Argentine stock markets and its currency have both plunged after conservative Argentine President Mauricio Macri suffered a shock defeat in primary elections on Sunday.The peso fell 15% against the dollar on Monday after earlier plunging around 30% to a record low.Some of the country's most traded stocks have also lost around half of their value in one day.Mr Macri, in response, has pledged to "reverse" Sunday's election result.At a news conference on Monday, the president also said that the drop suggested the market lacked confidence in an opposition government.Argentine leader Macri trounced in primary vote"This [market meltdown] is just a small demonstration of what can happen," said Mr Macri."We have much to do still. Every election is a message and w...
Thomas Cook reassures holidaymakers after shares plunge

Thomas Cook reassures holidaymakers after shares plunge

Business
Troubled travel firm Thomas Cook has been reassuring customers who contacted the firm with concerns about holiday trips, after its share price crashed.Its share price fell sharply at the end of last week, and it dropped a further 14% on Monday to just 10p.Thomas Cook has been reassuring people on social media, and in a statement at the weekend, telling customers that it is "business as usual".The firm also said it was looking to strengthen its financial position.On Sunday, Thomas Cook said: "We have the support of our lending banks and major shareholders, and just this week we agreed additional funding for our coming winter cash low period. "We have ample resources to operate our business and at the same time, as usual, our liqui...
Hopes fade for Jet Airways return as shares plunge

Hopes fade for Jet Airways return as shares plunge

Business
By Sharon Marris, business reporter Hopes for Jet Airways are fading as its shares plunge and rivals rush to fill the supply gap.The airline, once India's largest private carrier, cancelled all flights indefinitely on Wednesday after lenders led by the State Bank of India refused to extend funding. On Thursday, the carrier's shares fell 26.9%, leaving it valued at around $ 260m (£199m) - far from its 2005 peak of $ 1.6bn (£1.2bn).Jet Airways and its lenders had been trying for weeks trying to find a solution to the airline's £900m debt problem.But on Wednesday Jet announced that, with no emergency funds forthcoming from the lenders or any other source, it could no longer pay for the fuel and services required to continue operations.

Dua Lipa’s assets sexily spill out of deep plunge dress in BRALESS display

Entertainment
The hitmaker has had a great year so far after nabbing the title of Best New Artist at the Grammys in February. Boyfriend Isaac Carew has always been her number one fan, often taking to Instagram to show how proud he is of the singer-songwriter. But last night it was Dua Lipa’s turn to play the supporting role as she attended his book launch in London. Chef Isaac unveiled his new cookbook, Dirty Dishes, at an exclusive party at the restaurant, Fiume. The raven-haired beauty made sure to dress for the event, turning up in a sultry minidress. The metallic gold number was embellished with dramatic black feathers, which tickled the top of her thighs. It featured an extreme deep plunge neckline which exposed her ample cleavage spectacularly. The 23-year-...
Tim Berners-Lee: 'Stop web's downward plunge to dysfunctional future'

Tim Berners-Lee: 'Stop web's downward plunge to dysfunctional future'

Technology
Global action is required to tackle the web's "downward plunge to a dysfunctional future", its inventor Sir Tim Berners-Lee has told the BBC.He made the comments in an exclusive interview to mark 30 years since he submitted his proposal for the web.Sir Tim said people had realised how their data could be "manipulated" after the Cambridge Analytica scandal.However, he said he felt problems such as data breaches, hacking and misinformation could be tackled.In an open letter also published on Monday, the web's creator acknowledged that many people doubted the web could be a force for good.He had his own anxieties about the web's future, he told the BBC: "I'm very concerned about nastiness and misinformation spreading."But he said he...