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Singapore's worst-ever recession likely bottomed in the first quarter, but the city-state faces a tepid recovery as global demand for its exports struggles to rebound, the central bank said Wednesday.
Oil prices fell for a second straight day Tuesday on fears that the outbreak of swine flu would delay an economic recovery and further dampen energy demand.
The Geneva-based World Health Organization on Wednesday raised its alert level for the fast-spreading swine flu to its next-to-highest notch, signaling a global pandemic could be imminent as the virus spread further and yielded its first death outside of Mexico.
While travel and leisure-related stocks have been punished by investors on concerns over the impact of the current global alert on swine flu, businesses in these areas have yet to see slowing demand.
WASHINGTON: Highly flammable women's robes sold by a company in the Atlantic seaboard state of Pennsylvania are now linked to nine deaths, and the company is expanding a recall to include more products imported from the Pakistani manufacturer.