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FTSE hits seven-month low as world markets suffer

FTSE hits seven-month low as world markets suffer

Business
Markets around the world have taken a hit, with poor performances in Asia overnight affecting markets in Europe and the US. Britain's FTSE 100 was down 1.24% to a seven-month low, while all three main US markets were down - the industrial Dow Jones by 1.45%, the broad-based S&P by 1.64% and the tech-rich Nasdaq by just over 2% - although the US markets staged a recovery as they headed towards close.Sky's business presenter Ian King blamed the falls on a "whole combination of factors".He said: "The big long-term factor is that the US Federal Reserve is starting to raise interest rates again and that requires investors to have a complete repricing of risk across the piece - taking some money out of one asset class and putting it in another."Other factors included Saudi Arabia...
Cryptocurrencies suffer $18 billion drop in value over three days

Cryptocurrencies suffer $18 billion drop in value over three days

Finance
This was a tough week for cryptocurrencies. Bitcoin finally began to stabilize Friday, but not before the total cryptocurrency market lost $ 18 billion of its already waning value in the course of a few days. The world's largest and most widely owned digital asset began its slide Wednesday evening and fell below $ 6,200 for the first time in a month, according to data from CoinDesk. Bitcoin was mostly stable in the $ 6,200 range as of Friday afternoon but had kicked this week off well above $ 6,500, ending the week about 5 percent lower. Other cryptoc...
'A whole heap of negatives' – Scotland suffer worst home defeat in 45 years

'A whole heap of negatives' – Scotland suffer worst home defeat in 45 years

Sports
Scotland will be "embarrassed" by the ease with which they were ripped apart by Belgium at Hampden, says former defender Willie Miller.The Scots were thrashed 4-0 in front of 20,196 fans on Friday, their fifth defeat in their past six friendlies.Two Belgium goals came from Scotland being caught in possession, while a misplaced pass led to another. "You are coming off that pitch quite embarrassed by the manner of the goals," Miller told BBC Scotland."If you're playing Belgium away from home and get beaten 4-0 to the second best team in the world, you can live with that."But at home you are expecting more from Scotland. Although there were positives, you're not expecting to see them losing goal...
North Korea threatens inter-Korean relations could suffer amid criticism

North Korea threatens inter-Korean relations could suffer amid criticism

World
SEOUL, South Korea, Feb. 4 (UPI) -- North Korean media has warned its relations with the South could suffer, heavily criticizing Seoul's position on denuclearizing the Korean peninsula.The daily Rodong Sinmun, issued by the North's ruling Workers' Party, published a commentary on Sunday, blasting the South Korean Defense Minister's remark last week that "the North's leadership will be wiped off the map, should it use its nuclear weapons."Defense Minister Song Young-moo had said the South will "strongly respond to North Korea's provocations" while utilizing measures such as sanctions and talks to achieve denuclearisation of the Korean Peninsula.He called on the international community to "proactively implement sanctions" against the North which he said poses the "most serious and imminent" ...
Swansea 1-0 Liverpool: Reds suffer shock loss in Wales

Swansea 1-0 Liverpool: Reds suffer shock loss in Wales

Sports
Swansea produced one of the shock results of the season as Virgil van Dijk's Premier League debut for Liverpool turned into a nightmare.Alfie Mawson struck the 40th-minute winner for bottom club Swansea, pouncing on a poor Van Dijk clearance from a corner that Liverpool's £75million record signing possibly should not have conceded.Liverpool came into this contest unbeaten in 18 games and on a high after ending the unbeaten record of league leaders Manchester City, so few saw this 1-0 defeat coming.It was a frustrating night for Liverpool but they almost rescued a point in stoppage time when Roberto Firmino's header, from a Van Dijk cross, came back off a post.Jurgen Klopp's side dominated possession and territory throughout, but their usual invention and spark were badly missing, with 24-g