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Oil prices slump on renewed lockdowns

LONDON: Oil prices slumped Tuesday on lower demand prospects as Europe’s biggest economy Germany said it would reimpose strict coronavirus containment measures and struggles along with other EU nations to roll out vaccines. European stock markets were mixed and US stock indices drifted lower after sharp losses in Asia. On currency markets, the Turkish lira […]

Global markets extend slump

NEW YORK: Global stocks tumbled and oil prices collapsed Friday as investors panicked over the expected damage of the coronavirus to global economic growth. Haven investments gold and the yen surged as the World Health Organisation (WHO) warned that the epidemic must be taken seriously. At the close of trade, the Paris stock market was […]