Economy

Oil edges higher on hopes for US stimulus, demand recovery

Crude oil gained more ground on Tuesday, with prices underpinned by expectations of United States (US) stimulus and a rebound in Asian demand as economies reopen.

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McDonald's sues former boss over alleged sexual relationships

McDonald's has taken new legal action against former Chief Executive, Steve Easterbrook, accusing him of lying about sexual relationships with staff.

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Asian stocks make gains despite Sino-US tensions

Asian stock markets rose on Tuesday on relief that another round of Sino-United States (US) sparring appears not to have spilled over into trade, while hopes for US stimulus lent support to oil and commodity currencies.

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Covid-19 travel restrictions devastate Africa's tourism

Global restrictions on travel have dealt a devastating blow to African nations who depend on tourists and their hard currency to support an industry that employs millions of people on the continent.

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Hyundai expects new family of Ioniq vehicles to drive global EV sales

Korean automaker Hyundai Motor Co is creating a family of electric vehicles it will sell under the Ioniq brand as part of its drive to become the world’s third-largest seller of EVs by 2025, the company said on Sunday.

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UK suffers biggest job losses since 2009 as Covid-19 hits

The number of people in work in Britain fell by the most since 2009 in the three months through June as the coronavirus crisis took a heavy toll on the labour market, even with the government’s huge jobs protection scheme still in place.

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Twitter looking at a possible TikTok tie-up

Twitter has approached TikTok's Chinese owner, ByteDance, to express an interest in buying its United States (US) operations, according to reports.

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The economy can honour women by being inclusive: Ramaphosa

South African President, Cyril Ramaphosa, wrote in his weekly newsletter on Monday morning, that a key aspect of government’s gender equality policies and plans focused on ensuring "greater women's financial inclusion".

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Trump signs coronavirus relief orders after talks with Congress break down

President Donald Trump signed executive orders on Saturday partly restoring enhanced unemployment payments to the tens of millions of Americans who lost jobs in the coronavirus, as the United States marked a grim milestone of five million cases.

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Oil rises 1% on Saudi Aramco's upbeat demand view, Iraq supply cut

Oil prices climbed on Monday, supported by Saudi optimism about Asian demand and an Iraqi pledge to deepen supply cuts, although uncertainty over a deal to shore up the United States(US) economic recovery capped gains.

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