Reuters Profit-taking hit stocks in Egypt and Saudi Arabia on Monday following strong rallies in both markets, while general weakness in emerging markets dragged down the United Arab Emirates and Qatar. Cairo’s blue chip index, which had soared 28.1 percent since the Egyptian pound was floated on Nov. 3, fell 2.0 percent ending 12 consecutive sessions of gains. The …

  London / AFP European stock markets rallied on Monday and the dollar surged to multi-month highs, with traders shrugging off concerns over the Trump presidency and weak Chinese economic data. In foreign exchange, the euro struck a ten-month low at $1.0728, while the dollar reached also a five-month peak versus the yen. “European shares are trading higher… despite disappointing …

  Soultz-sous-Forêts / DPA France and Germany could hardly be more different in their attitudes to tapping the free heat from deep under the earth. The French have enthusiastically sunk bores and exploited the heat, which is invitingly close to the surface at a hot spot which straddles the two countries’ border, whereas residents on the German side are squabbling …