Browsing Tag

slump

Egypt: PMI sees its biggest slump in 2 years; trade balance deficit falls by 53%

Sharply rising prices and currency devaluation have resulted in Egypt’s non-oil private sector’s biggest drop in two years in June. Additionally, the country’s trade balance deficit fell by 53 percent during April. Egypt’s non-oil…
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Sports

Newcastle halt slump to take a huge step toward Premier League survival

Newcastle United took a giant leap toward Premier League safety by securing all three points against Wolverhampton Wanderers on Friday, ending a three-game losing streak in the English top flight. Chris Wood’s second-half penalty allowed…
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Business

Russian annual oil output recovers in 2021 after slump

Russia’s annual oil production rose by more than 2 percent last year thanks to the easing of output cuts by the OPEC+ group of leading oil producers after a pandemic-induced decline in 2020, data showed on Sunday. Russian oil and gas…
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Business

Oil slumps 2% as Suez Canal container ship starts to move

Oil slumped more than 2 percent on Monday after news from the Suez Canal that salvage crews have managed to move the giant container ship that has been clogging up the vital global trade passage for nearly a week. Brent oil was down…
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