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South Africa’s Economy Shrinks by 51% in Q2

South Africa’s economy shrank by more than half in the second quarter as business activity in the country ground to a halt as a result of the coronavirus pandemic, the national statistics agency said. “South Africa’s economy contracted by 51 percent in Q2 2020” compared with the same period of …

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Oil Prices Drop as China Cuts Importation

Oil prices dropped on Tuesday, as summer peak driving season in the US was almost over, while China reported that it had imported 11.18 million bpd of crude oil in August, less than 12.08 million bpd in July and below April’s record of 12.94 million bpd. Also weighing sentiment was …

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