War in Ukraine, fears of recession in some European countries as Russia demands payment for gas in roubles continue to worry investors
London/Singapore —
The move on gas by Russian President Vladimir Putin in response to Western sanctions prompted Germany, the most reliant on Russian gas, to accuse him of “blackmail” as it activated an emergency plan that could lead to rationing. The war threatens also to disrupt global food supplies, with a US government official sharing images of what they said was damage to Ukrainian grain storage facilities.
US and European shares notched their biggest quarterly drops since the outbreak of the Covid-19 pandemic in 2020 in the quarter that ended on March 31. US crude futures fell more than $2 a barrel to $98.17 and Brent futures were also down $2 at $102.66 a barrel. US March jobs data at 12.30pm GMT will be watched for indications of wage inflation, in addition to the headline jobs figure.The closely-watched spread between US two-year and 10-year notes is nearly zero.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Eyes of football world on Doha for World Cup drawIt is the most controversial World Cup in history, with Qatar dogged ever since it was named host in 2010 by accusations of vote-buying – which were hotly denied – and questions over the country's suitability.
Read more »
Eyes of football world on Doha for World Cup drawThe draw for this year's World Cup takes place in the shadow of Doha's skyscrapers later Friday, with the focus on the actual football after a build-up dominated by the off-field issues surrounding the awarding of the tournament.
Read more »
Australia romp past West Indies into Women’s World Cup finalAlyssa Healy hit her fourth one-day century in a monumental opening stand as Australia cruised into the Women's World Cup final with a crushing 157-run victory over West Indies at Basin Reserve on Wednesday.
Read more »
Three Premier League Stars To Make International Switch To Africa For 2022 FIFA World CupFollowing a successful 2022 FIFA World Cup qualification campaign, an African nation could be welcoming three Premier League stars to their ranks as it continues its attempt to persuade them to switch their international allegiance! SLInt MORE:
Read more »