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Oil majors slash 2020 spending 20% after prices slump
LONDON (Reuters) – The world’s biggest oil and gas companies are slashing spending this year following a collapse in oil prices driven by a slump in demand because of coronavirus and a price war between the top exporters Saudi Arabia and Russia. Cuts already announced by seven major oil companies including Saudi Aramco <2222.SE> and […]
European stocks close third straight day higher; emergency fund vote eyed
By Ambar Warrick and Sagarika Jaisinghani (Reuters) – European stocks reversed course to end higher on Thursday, tracking gains on Wall Street, while investors awaited a vote by EU lawmakers on emergency funds to cushion the blow from the coronavirus outbreak. U.S. stock indexes surged as a record reading in weekly jobless claims added to […]
Army coup as ‘soldiers storm African nation’s capital and arrest president’
The Daily Star’s FREE newsletter is spectacular! Sign up today for the best stories straight to your inbox Mali President Ibrahim Boubacar Keita and his Prime Minister Boubou Cisse have reportedly been arrested by mutinying soldiers in the African nation's capital of Bamako. Reuters reports that earlier today, soldiers hadmutinied at the Kati military base […]