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Algeria approves more measures to ease coronavirus lockdown

ALGIERS (Reuters) – Algerian authorities said on Monday they will carry out further measures to ease a coronavirus lockdown from Sept. 1, including lifting a ban on some cultural activities such as reopening museums and libraries. Nurseries would also be reope... More »

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A piece of the moon for sale: just $2.5 million

LONDON (Reuters) – One of the world’s largest lunar meteorites goes on private sale at Christie’s on Thursday, valued at 2 million pounds ($2.49 million). The moon rock, weighing over 13.5 kg, was probably struck off the surface of the moon by a collision with... More »

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Trump says he will enter Saudi-Russia oil fray at appropriate time

WASHINGTON (Reuters) – U.S. President Donald Trump on Thursday said he would get involved in the oil price war between Saudi Arabia and Russia at the appropriate time, saying low gasoline prices were good for U.S. consumers even as they were hurting the indust... More »

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Burst of social unrest tests emerging market risk models

LONDON (Reuters) – A wave of social unrest across developing countries this year has caught many investors off-guard and is challenging models designed to gauge political risk for investors, prompting some to pull money out. That has led to worries that a with... More »

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Algerian economy creaks at the seams after six months of turmoil

ALGIERS (Reuters) – On the face of it, Algeria’s state-dominated economy has weathered six months of turmoil well, with flightloads of public sector workers heading abroad for holidays even as protesters who ousted the veteran president in April now target his... More »

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The highs and lows of fans watching the Africa Cup of Nations

(Reuters) – “If football was a president we would have a peaceful and exciting country,” – the words of a young South Africa fan speaking to Reuters while watching his team play in the Africa Cup of Nations perfectly capture the unifying force of the world’s m... More »

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New protests in Algeria after Bouteflika submits re-election bid

ALGIERS (Reuters) – Hundreds of Algerians gathered in the capital and other cities late on Sunday to protest against President Abdelaziz Bouteflika’s plan to seek re-election, according to residents and footage posted online. Hundreds of youths gathered in the... More »

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OPEC extends oil output cut by nine months to fight glut

OPEC President, Saudi Arabia’s Energy Minister Khalid al-Falih, and OPEC Secretary General Mohammad Barkindo talk to journalists before the beginning of a meeting of the Organization of the Petroleum Exporting Countries (OPEC) in Vienna, Austria, May 25, 2017.... More »

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Oil up on falling U.S. inventories, Saudi cuts to Asia

Crude oil storage tanks are seen from above at the Cushing oil hub, in Cushing, Oklahoma, March 24, 2016. REUTERS/Nick Oxford/File Photo Oil prices rose on Thursday, with global benchmark Brent crude trading comfortably above $50 a barrel after a fall in U.S. ... More »

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Oil price jump pulls stocks higher

People are seen behind an electronic board showing stock prices at the Tokyo Stock Exchange (TSE) in Tokyo, Japan, January 4, 2017. REUTERS/Kim Kyung-Hoon Asian stocks rose on Thursday, getting a lift from a record high close on MSCI’s global stocks benchmark ... More »

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Beyond phones and 5G, mobile world seeks to reinvent itself

People walk past the main entrance of the Mobile World Congress in Barcelona, Spain February 24, 2017. REUTERS/Albert Gea Seeking to escape a cycle of falling prices and tight regulation, big telecom operators from Vimpelcom (VIP.O) to Telefonica (TEF.MC) are ... More »

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Ministers laud strong start to OPEC, non-OPEC oil output cuts

A flag with the Organization of the Petroleum Exporting Countries (OPEC) logo is seen before a news conference at OPEC’s headquarters in Vienna, Austria December 10, 2016. REUTERS/Heinz-Peter Bader OPEC and non-OPEC countries have made a strong start to loweri... More »

Oil pinned near three-month lows as gloom grows over OPEC

A pump jack stands idle in Dewitt County, Texas January 13, 2016. REUTERS/Anna Driver Oil fell to its lowest in three months on Monday, as the prospect of another year of oversupply and weak prices overshadowed chances that OPEC will reach a deal to cut output... More »

Oil off the boil, shares toil, sterling in trouble

A man stands next to an electronic board showing stock prices in Tokyo, Japan, August 18, 2016. REUTERS/Kim Kyung-Hoon World shares tapped the brakes on Tuesday as oil prices eased back from their highest level of the year, while Britain’s sterling took anothe... More »

World stocks get the jitters as U.S. presidential debate looms

Traders work at their desks in front of the German share price index, DAX board, at the stock exchange in Frankfurt, Germany, September 21, 2016. REUTERS/Staff/Remote European and Asian shares retreated on Monday as investors waited to see how Donald Trump wou... More »

Venezuela says OPEC, non-OPEC oil stabilizing deal `close`

Venezuela’s President Nicolas Maduro (C) attends the 17th Non-Aligned Summit in Porlamar, Venezuela September 18, 2016. Miraflores Palace/Handout via REUTERS Venezuelan President Nicolas Maduro said on Sunday that OPEC and non-OPEC countries were “close” to re... More »

Oil climbs as Venezuela sees output deal, Libya suffers clashes

A natural gas flare on an oil well pad burns as the sun sets outside Watford City, North Dakota January 21, 2016. REUTERS/Andrew Cullen Oil prices rose almost 2 percent on Monday, after Venezuela said OPEC and non-OPEC producers were close to reaching an outpu... More »

Oil falls as U.S. drills more

Rigging equipment is pictured in a field outside of Sweetwater, Texas June 4, 2015. REUTERS/Cooper Neill Oil fell for a second trading day in a row on Monday, after speculators cut their bullish bets by the most in three months last week and U.S. crude driller... More »

Oil rises on talk of producer action, but excess looms

By Libby George | LONDON LONDON Oil prices rose on Monday to their highest in nearly a month, with benchmark Brent crude trading more than 10 percent above the start of August, as speculation intensified about potential producer action to support prices in an ... More »

Saudi-Iran tensions scupper deal to freeze oil output

DOHA A deal to freeze oil output by OPEC and non-OPEC producers fell apart on Sunday after Saudi Arabia demanded that Iran join in despite calls on Riyadh to save the agreement and help prop up crude prices. The development will revive oil industry fears that ... More »