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Oil prices fall nearly 5% on worry over global economy

Concerns about future of the global economy and rising COVID cases in China cause oil prices to fall.

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BUSINESS

Shipping rate surge threatens global economy recovery: UNCTAD

A surge in container shipping rates poses a threat to the global economic recovery, with small countries dependent on deliveries by sea expected to be hardest hit by a spike in import prices, UN agency UNCTAD said on Thursday.

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