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Oil Prices Rise Sharply Again After Omicron Shock
Oil prices rose sharply again on Monday, after diving into the deep last Friday after concerns about the new Omicron variant of the coronavirus.
By 11:30 a.m., the price for a barrel of North Sea Brent oil, the European reference,…
EU Ends Export Test for Corona Vaccines
Vaccine manufacturers will no longer have to request permission from next year if they want to export corona vaccines made in the European Union.
The EU now has more than enough vaccines for its own use, even to give everyone a…
Alibaba Crashes on Wall Street, Kohl’s and Macy’s Among Winners
Chinese e-commerce giant Alibaba lost 8.5 percent in market value at the opening of the stock exchanges on Wall Street on Thursday. Investors in New York were shocked by the company's trading update.
Alibaba struggled, among other…
Apple Sells Spare Parts for iPhone and Mac Repairs
Tech company Apple will, for the first time, sell parts and tools to the general public, who can then carry out repairs on some iPhones and Mac computers.
The repair option that Apple offers comes after years of pressure from…
Impact of Brexit Worse Than Corona for UK Economy
Brexit will have a greater long-term impact on the UK economy than the corona pandemic. In an interview with the BBC on Thursday, Richard Hughes, chairman of the British public body for budget expectations OBR.
The United Kingdom's…
Australia: EU Moves Forward Talks on Trade Deal Again
The European Commission has again postponed the resumption of negotiations on a trade agreement with Australia, Australia says. The committee denies that.
The new round of negotiations was supposed to take place this month. Still,…
IBM Down on Wall Street on Quarterly Earnings Setback
Technology group IBM was a big loser on Thursday at the opening of the stock exchanges in New York. Investors were shocked by the news of the decline in orders for IBM's part that manages IT systems for other companies. That setback almost…
Wall Street Rises on Corporate Data Optimism
The US stock exchanges started the trading day with gains on Tuesday. Investors processed a series of company figures. In the first week of the US earnings season last week, two-thirds of companies exceeded expectations, which is now giving…
Americans are Rebuying More Stuff Due to Delta Variant Coronavirus
The spending pattern of American households has shifted more to goods instead of services due to the Delta variant of the coronavirus.
The number of coronavirus infections increased in August and September, reducing demand for…
OPEC Weakens Market Expectations Despite High Oil Prices
Oil prices have reached their highest level in years this week, yet OPEC is more cautious in estimating demand for the commodity.
The oil country cartel estimates the total need in 2021 is lower than previously estimated. At the…