Stories from Reuters
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Oil prices fall on global recession worries
Investors fear further slowdown in global economy as China renews Covid-19 restrictions
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Oil jumps over $3 on prospect of supply cut
OPEC+ production cut can coincide with boost in supply from Iran
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$19.8b worth of diamonds traded in first half
Dubai has grown its diamond industry by leveraging its proximity to Africa and Russia
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Dollar touches fresh 20-year high
US currency, however, kept in check by euro with ECB rate in focus
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Britain mulling loans to energy suppliers
Prepares options to support people facing soaring energy bills
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Dealing with inflation urgent issue: BIS chief
Many of the world’s top economies are struggling with inflation levels
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Euro falls to two-decade lows
Currency dealt blow by energy crisis, recession concerns
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Oil pares losses after output cut remarks
Saudi minister says OPEC+ can reduce production to confront market challenges
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Summer rebound in US stocks gains fans
After worst first half since 1970, S&P 500 index has bounced 15%
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Saudi Arabian bourse gains
Saudi Arabia’s benchmark index gained 0.3%, reaching its highest since June