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Oil prices climb after large drop in U.S. inventories

NEW YORK, Aug. 5 (Xinhua) -- Oil prices gained on Wednesday after data showed a hefty drop in U.S. crude stockpiles.

World

Sweden's minister attributes "better than expected" Q2 GDP results to loose pandemic policies

STOCKHOLM, Aug. 5 (Xinhua) -- Sweden's economy shrank by 8.6 percent in the second quarter (Q2) of this year due to the COVID-19 pandemic, Statistics Sweden (SCB) said Wednesday. Finance Minister Magdalena Andersson attributed this "better than expected" results partly to the country's less strict lockdown policies.

World

Italy's estate market grinds to halt in Q1 due to COVID-19: reports

ROME, Aug. 5 (Xinhua) -- Italy's real estate market ground to a halt in the first months of this year due to the COVID-19 crisis, after it registered an annual rise in property sales in 2019, according to a report released on Wednesday and other official data.