Wall Street ends week lower as tech shares retreat
U.S. stock markets closed lower at the end of the week, as investors continued to rotate out of technology shares, putting pressure on major indices....
Madrid is bracing for possible flooding as the Manzanares River nears dangerous levels amid heavy rainfall from Storm Martinho. Emergency services are closely monitoring the situation, with parts of the city already experiencing flooding.
Local authorities have already closed off sections of key roads, including the M-30 and M-40 highways, as floodwaters have inundated nearby parks. Emergency personnel, including police officers and rural guards, are on-site to assess the situation, as the water levels near the riverbanks continue to rise.
"We've never seen flooding like this before," said local resident José Antonio, 61, while standing by the river's edge. "It's a lot of water flowing down, but I hope we don’t face any major problems. For now, everything seems manageable."
Despite the visible concern, some residents, like David, 53, remained calm, speculating that the river’s levels may rise further due to snowmelt from nearby mountains. "We’re keeping an eye on it," he said. "The snow has melted, and the water levels could increase even more."
Storm Martinho, which is expected to impact central Spain through Thursday and Friday, follows weeks of heavy rainfall. These persistent storms have brought a welcome end to the region’s prolonged drought, though they’ve caused widespread concern following the deadly floods that struck the Valencia region four months ago. Authorities have warned residents to avoid flood-prone areas as waters near the city streets.
As of today, Spanish reservoirs are operating at 65.6% capacity, a significant recovery from the drought, with the volume of water increasing by 5% in just the past week. However, with the ongoing storms, authorities are continuing to take precautions to safeguard the city and its residents.
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Japan has lifted a tsunami advisory issued after an earthquake with a magnitude of 6.9 hit the country's northeastern region on Friday (12 December), the Japan Meteorological Agency (JMA) said. The JMA had earlier put the earthquake's preliminary magnitude at 6.7.
Turkish President Recep Tayyip Erdoğan reiterated his offer to host Ukraine-Russia peace talks in Ankara, at his meeting with Russian President Vladimir Putin. The talks took place on the sidelines of the international Forum for Peace and Trust in Ashgabat, Turkmenistan, on Friday (12 December).
The United States issued new sanctions targeting Venezuela on Thursday, imposing curbs on three nephews of President Nicolas Maduro's wife, as well as six crude oil tankers and shipping companies linked to them, as Washington ramps up pressure on Caracas.
The resignation of Bulgaria's government on Thursday (11 December) puts an end to an increasingly unpopular coalition but is likely to usher in a period of prolonged political instability on the eve of the Black Sea nation's entry into the euro zone.
Thailand’s caretaker Prime Minister Anutin Charnvirakul said on Saturday that Thai forces would continue military action along the Cambodia border until Bangkok believes there is no longer a threat to Thai territory or civilians.
U.S. stock markets closed lower at the end of the week, as investors continued to rotate out of technology shares, putting pressure on major indices.
EU foreign policy chief Kaja Kallas has warned that without concrete concessions from Russia, such as limiting its military forces or curbing its defence budget, new conflicts could erupt elsewhere, even if Ukraine receives security guarantees.
Multiple people were shot on Saturday at Brown University in Providence, Rhode Island, prompting an active shooter alert and a campus lockdown, city officials said.
The latest round of clashes between Thailand and Cambodia has left 15 Thai soldiers dead and 270 others injured, Thailand’s Ministry of Defence spokesman Surasant Kongsiri said at a press conference on Saturday.
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