Oil declines for a third day as supply worries mount - The Hindu BusinessLine thehindubusinessline.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thehindubusinessline.com Daily Mail and Mail on Sunday newspapers.
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Jul 16, 2021 4:20 AM UTC Shares in AMC rose nearly 8%, erasing losses from earlier in the day, when it fell almost 6% in premarket trading. The stock has retreated over 20% so far this week, making it one of the biggest losers as a red-hot rally in meme stocks began to fizzle out. GameStop edged down less than 1% on Thursday, extending a premarket decline and putting its loss for this week at almost 13%. Oil-Demand Rebound Could Spur Inflation, Pressure Debt-Laden Nations, OPEC Says A strong recovery in global oil demand next year could accelerate the pace of inflation and pressure countries with high debt levels, the Organization of the Petroleum Exporting Countries said Thursday.
EMEA Morning Briefing : Stocks to Rise, Economic -2- marketscreener.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from marketscreener.com Daily Mail and Mail on Sunday newspapers.
By Maya Gebeily, Thomson Reuters Foundation
6 Min Read Poorer Iraqis struggle to cope with power cuts Better-off residents bypass blackouts with generators
BEIRUT, July 6 (Thomson Reuters Foundation) - No strangers to temperatures above 50 degrees Celsius (122 Fahrenheit), Iraqis are adept at finding ways to stay cool in summer. But a spate of recent power cuts has exposed a deep divide between the heatwave haves and have-nots.
While relatively well-off residents of the capital, Baghdad, can afford generators that crank into action when the national grid falters, others have been struggling to cope without air-conditioning, fridges and electric fans for days.
Government employee Sadiq Sadkan pays about $200 per month to access a generator supplying his middle-class neighbourhood during blackouts, which worsen amid surging summer demand.
Oil heads for biggest weekly drop since March as supply worries mount marketscreener.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from marketscreener.com Daily Mail and Mail on Sunday newspapers.