Oil prices crashed below 50 dollars a barrel on Thursday as plunging equities and weak US data sparked fresh fears that a worldwide recession would ravage energy demand. In New York, light sweet crude for delivery in December plunged 4.00
KUWAIT CITY (AFP) - Stock markets in Gulf states mostly plunged on Sunday as approval by G20 leaders of an action plan to restore global growth failed to counteract panic over the economic meltdown. Investors in Kuwait were spared further
A bus plunged into a gorge in northern India on Tuesday, killing 45 people and leaving five seriously injured, police said. The accident took place near the popular hill resort of Kufri in the state of Himachal Pradesh. “Forty-five have