Sept. 5 (Bloomberg) -- Crude oil and copper led a decline in commodities in London trading on expectations that demand for raw materials will weaken as global economic growth slows.
The S&P GSCI index of 24 commodity futures has dropped for six consecutive trading sessions and, at 26 percent below its peak in July, is in a bear market. Oil has fallen more than 7 percent this week, heading for its biggest weekly decline in a month. Copper fell to a seven-month low.
``Investors are fleeing the markets,'' Eugen Weinberg, a commodity analyst at Commerzbank AG, said by telephone from Frankfurt. ``We'll probably get a prolonged period of slower economic activity.''
The New York-based Conference Board today said the U.S. economy is ``stagnant,'' Europe is falling into a recession and central banks won't have much room to cut borrowing costs. The European Central Bank yesterday cut its 2008 economic growth forecast to 1.4 percent from 1.8 percent and its 2009 prediction to 1.2 percent from 1.5 percent.
more
www.malaymail.com/news/world/2026/01/11/bomb-attac…
BANGKOK, Jan 11 — A series of late-night bomb attacks targeted 11 PTT petrol stations in Thailand’s southern border provinces of Narathiwat, Pattani and Yala…
www.khaama.com/at-least-eight-refugees-die-37-resc…
At least eight refugees died and 37 were rescued when their boat sank off Badmeli near Izmir, Turkish authorities said on Saturday.
katu.com/news/local/oregon-confirms-first-measles-…
Health officials in Oregon have confirmed the state's first measles cases of 2026, with two people diagnosed in Linn County.
abc11.com/post/measles-north-carolina-state-report…
Measles in North Carolina: State reports 5th case linked to South Carolina surge
