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Oil prices skid as new coronavirus strain fuels demand worries

Oil prices dropped more than 3% on Monday, as a fast-spreading new coronavirus strain that has shut down much of Britain and led to tighter restrictions in Europe fuelled worries about a slower recovery in fuel demand. Brent crude slid $1.74, or 3.3%, to $50.52 a barrel by 0745 GMT after...

US Congress agrees to $900B COVID-19 relief bill

Congressional leaders announced late Sunday a long-sought deal on a roughly $900 billion coronavirus relief package that would send Americans across the country badly-needed financial assistance.  In addition to direct payments, the legislation is also expected to include efforts to...

Turkey ends nationwide weekend coronavirus curfew

Turkey ended a countrywide weekend curfew early Monday as part of measures to stem the spread of the coronavirus. The curfew began on Friday at 9 p.m. and ended on Monday at 5 a.m. local time. In late November, President Recep Tayyip Erdogan announced new COVID-19 restrictions,...