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Oil price plunge, coronavirus fears unleash market chaos

TOKYO: Financial markets have been thrown into turmoil following Saudi Arabia’s response, to the collapse of OPEC+ talks and concerns about the global spread of the coronavirus. Following are comments from analysts: John Lekas, CEO, Leader Capital, Vancouver, WA: “We

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Pete Buttigieg suspend his campaign for president

DETROIT: Former South Bend, Indiana, Mayor Pete Buttigieg suspend his campaign for president yesterday, a campaign aide said, following his fourth-place finish in the South Carolina Democratic primary easily won by fellow moderate Joe Biden. Buttigieg’s withdrawal could help Biden,

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Dozens of Turkish soldiers dead,won’t stop Syrian refugees going to Europe

ANKARA/ISTANBUL: Turkey faced with a possible new wave of Syrian migrants and dozens more dead Turkish soldiers in Idlib, will no longer stop Syrian refugees from reaching Europe, a senior Turkish official said as President Recep Tayyip Erdogan chaired an

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Court allows Trump to withhold funds from ‘sanctuary’ jurisdictions

NEW YORK: US President Donald Trump’s administration can withhold millions of dollars in law enforcement funds from states and cities, that refuse to cooperate with federal immigration authorities, US appeals court ruled yesterday. The unanimous decision by a three-judge panel

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COVID-19: 334 new cases in South Korea, US postpones joint military drill

SEOUL: South Korea reported 334 additional cases of the new coronavirus today, the largest daily increase yet, as the US State Department issued a new travel warning for South Korea and a joint military drill was postponed. The new cases

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COVID-19 spreading faster outside China, global markets affected

SHANGHAI/SEOUL: The number of new coronavirus infections inside China was for the first time overtaken by fresh cases elsewhere yesterday, in Italy and Iran, emerging as epicentres of the rapidly spreading illness. Asia reported hundreds of new cases, Brazil confirmed

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