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Retail

Death knell sounds for some of Japan’s oldest department stores

TOKYO: After more than three centuries in business, the Onuma department store in northern Japanese city of Yamagata began bankruptcy proceedings this year - one of many distinguished department stores across the country in dire straits.

Energy

Oil price up Monday as storms take aim at Gulf of Mexico

SINGAPORE: Crude oil prices nudged higher on Monday as storms bore down on the Gulf of Mexico, shutting more than half the region's oil production, although gains were capped by ongoing concerns about demand from coronavirus lockdowns.