Authorities feared the death toll from Monday's pre-dawn earthquake and aftershocks would keep climbing
Stock markets and oil prices sank Monday on growing concern that lockdowns in China aimed at fighting a worsening Covid outbreak could further harm a world economy battling decades-high inflation.
The losses extended last week’s sell-off triggered by Federal Reserve boss Jerome Powell indicating that the US central bank would hike interest rates by half a percentage point next month and possibly several times more this year.
Among the world’s major stock markets, Shanghai led the losses, closing down more than 5 per cent.
In Europe, Paris shed 2.3 per cent approaching the half-way stage.
ALSO READ:
Authorities feared the death toll from Monday's pre-dawn earthquake and aftershocks would keep climbing
The pressure to act was heightened by the poor earnings posted last week by Google-parent Alphabet, which fell short of investor expectations
The former one-day skipper retired from the 50-over game last September
Earlier, the online encyclopedia had been banned due to 'blasphemous content' which it refused to remove
Light to moderate winds will blow; the sea will be slight in the Arabian Gulf and the Oman Sea
To date, Sharjah-based Moza has completed 60 wonderful paintings with her foot, has been working tirelessly to prepare for a solo art exhibition in the future
Authorities called on all individuals to download the UAEICP application and benefit from the varied services offered
Uncertainty about the future, specifically uncertainty about survival, influences human behaviour and practical life-course decision-making