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The pound slumped Monday on reports British Prime Minister Theresa May was ready to take the country out of the European Union in a so-called "hard Brexit". Sterling's weakness sent London's FTSE 100 index to a fresh record high, while eurozone and Asian stock markets retreated. "It would appear that the main catalyst behind this (pound) sell-off is speculation that UK Prime Minister Theresa May will set out tomorrow the UK governmentâ s position" on negotiating Brexit, said Michael Hewson, chief market analyst at CMC Markets UK.
SEOUL, South Korea (AP) — A request by South Korean prosecutors to arrest Lee Jae-yong, the 48-year-old vice chairman and de facto leader of Samsung Electronics, has added to the troubles for the country's most valuable company after a spate of recalls last year.
A Turkish cargo plane crashed into a village near Kyrgyzstan's main airport on Monday, killing at least 37 people and destroying houses after attempting to land in thick fog, authorities said. A massive section of the aircraft's tail billowed smoke as rescuers worked in the village of Dacha-Suu, home to the majority of the dead, a spokesman for the country's emergency services, Muhammed Svarov, told AFP. Zumriyat Rezakhanova, a resident of Dacha-Suu, said the plane fell "right on the homes" where residents were sleeping.