Investors in European equities are stepping up their search for stocks that are likely to benefit from lower borrowing costs, after the European Central Bank's (ECB) first interest-rate cut in almost five years. While the cut was expected, analysts see the move as a potential turning point for beaten-down sectors like utilities and small caps, and even highly shorted stocks, which have suffered as rates have risen and stayed high. "Typically, policy easing is supportive for European equities," said Citi strategist Beata Manthey.
An author in Samoa has been charged with murdering another prominent Samoan writer, who was also the aunt of former U.S. congresswoman Tulsi Gabbard, authorities in the South Pacific island nation said. Papalii Sia Figiel, 57, is accused of killing Caroline Sinavaiana-Gabbard 78, after an argument last month, officials told The Associated Press. Sinavaiana-Gabbard, a poet and environmentalist, in 2013 became the first person of Samoan ancestry to reach the rank of full professor at a U.S. university, according to the University of Hawaii at Manoa, where she taught from 1997 until her retirement in 2016.
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