Friday , February 28 2025

WORLD

World News

Crude suffers fresh sell-off but equities temper early losses

Hong Kong, China | AFP |  Oil resumed its painful retreat Wednesday, extending a rout that has torn through energy markets, though stock exchanges in Asia and Europe were mixed following a two-day sell-off. With demand virtually non-existent owing to virus lockdowns, and production still high despite storage at bursting point, …

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Trump curbs immigration as UN warns of humanitarian ‘catastrophe’

Washington, United States | AFP |  President Donald Trump partially blocked immigration to the United States “to protect American workers” from the economic shock of the coronavirus, as the United Nations warned the world was facing “a humanitarian catastrophe”. The UN alarm bell came as nations scrambled to not only fight …

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Oil crash means more misery ahead for US shale producers

  New York, United States | AFP | An unprecedented crash in oil prices is adding pressure to already stressed US producers, threatening key shale regions and putting vulnerable companies at risk of going under. A day after US oil futures closed in negative territory for the first time ever, US …

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