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Oil plunges on easing supply concerns and China COVID cases

(Reuters) - Oil prices tumbled to their lowest in almost three weeks on Tuesday as supply disruption fears eased and surging COVID-19 cases in China spurred demand concerns. Brent futures were down $7.89, or 7.3%, at $99.01 a barrel by 1446 GMT while U.S. West Texas Intermediate (WTI) crude...

As companies leave Russia, their assets could be seized

The “Evropeisky” mall in Moscow was once a symbol of a Russia integrated into the global consumer economy, with atriums named after cities like London, Paris and Rome. But now large parts of the seven-story shopping center have gone quiet after Western brands from Apple to Victoria’s...

World markets mixed after rout on Wall St; oil prices climb

TOKYO (AP) — World markets were mixed Tuesday, with European benchmarks and U.S. futures turning higher after Asian shares extended losses. Surging prices for oil and other vital commodities have been rattling global markets and the situation remains uncertain as investors search for safe...