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US stocks, crude oil prices fall as markets extend slump

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NEW YORK -- Stocks fell broadly on Wall Street in afternoon trading Tuesday, extending a slump for the major indexes as investors continue to worry about the state of the economy.The S&P 500 fell 0.9% as of 2:06 p.m. Eastern. Roughly 75% of stocks in the benchmark index fell in the weak opening following a

Germany’s CureVac files suit against vaccine rival BioNTech

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BERLIN -- German biotech company CureVac said Tuesday it has filed a patent infringement lawsuit against rival BioNTech for work that it says contributed to the development of the BioNTech-Pfizer coronavirus vaccine. BioNTech said its work is original and it would “vigorously” contest the claim. CureVac, which last year reported disappointing results from late-stage testing

EU urges N Macedonia to back proposed deal with Bulgaria

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SKOPJE, North Macedonia -- European Council President Charles Michel urged North Macedonia on Tuesday to back a French-proposed compromise on ending a dispute with neighboring Bulgaria that's blocking the country's long-delayed European Union accession bid.Violent protests erupted in North Macedonia's capital, Skopje, where demonstrators tried to storm government buildings, after French President Emmanuel Macron announced

Israel’s Lapid meets Macron in Paris on first trip as PM

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PARIS -- Israeli caretaker Prime Minister Yair Lapid on Tuesday used his first trip abroad since taking office to urge world powers to step up pressure on Iran over its nuclear activities, calling the Islamic republic a threat to regional stability.Lapid met in Paris on Tuesday with French President Emmanuel Macron, who called on Lapid

Carrier SAS files for Chapter 11 bankruptcy protection in US

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Scandinavian Airlines has filed for bankruptcy in the United States, warning the announcement of a strike by 1,000 pilots a day earlier had put the future of the carrier at riskCOPENHAGEN, Denmark -- Scandinavian Airlines on Tuesday filed for bankruptcy in the United States, warning the announcement of a strike by 1,000 pilots a day

South African unions accept Eskom wage offer amid power cuts

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Eskom relies on an ageing coal fleet and South Africa has faced intermittent power cuts for more than a decade.Published On 5 Jul 20225 Jul 2022South Africa’s state-owned utility Eskom and workers’ unions have signed a wage deal, paving way for a possible resolution to its worst power cuts in two years. Struggling Eskom and