Saudi Arabia’s voluntary oil production cut is expected to bring the oil market into deficit for most of 2021 even as new lockdowns to contain the spread of the coronavirus batter oil demand, analysts say.
Saudi cut to boost oil market destocking, even as demand falters
By Christopher Rugaber and Alexander Olson
Once again, job losses fall unequally across the US economy
China’s economic ascent is accelerating barely a year after its first coronavirus lockdowns, as its success in controlling COVID-19 allows it to boost its share of global trade and investment.
China set to topple US as biggest economy sooner after virus
Gold steadied after the longest run of daily declines since November as investors weighed the impact of a stronger dollar and rise in US Treasury yields against expectations for further massive stimulus.
Gold halts losing run as investors weigh dollar, Biden stimulus
The International Monetary Fund lowered its 2021 growth forecast for China to 7.9%, following a year of "significant human and economic costs" inflicted by the COVID-19 crisis.
IMF lowers China growth forecast to 7.9% for 2021
Oil prices on Monday fell further from 11-month highs touched last week, ending a rally that started at end-October on production cuts and strong Chinese demand, with the market’s outlook questioned as coronavirus infections rise.
Oil's supply-led rally peters out as virus cases surge
British food-delivery company Deliveroo said on Sunday it had raised a further $180 million from existing investors, including minority shareholder Amazon, in a move that values the business at more than $7 billion.
UK's Deliveroo raises $180 million from investors, valued at $7 billion

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