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[ad_1] Oil prices soared Monday after top producers unveiled a shock output cut of more than a million barrels, while equities mostly rose after data showed US and European inflation eased further last month. However, the decision by the Organisation of the Petroleum Exporting Countries OPEC+, the cartel, which has other top non-OPEC oil-exporting nations, fanned concerns about a fresh spike in prices that could put pressure on central banks to push interest rates higher. Both main crude contracts jumped almost six per cent at one point following the cut by Saudi Arabia, Iraq, the United Arab Emirates, Kuwait, Algeria and Oman, which was the biggest since the group slashed two million barrels per day in October. It came on top of a Russian decision to extend a cut of 500,000 barrels per day, and in spite of US calls to increase production. A Saudi energy ministry official “emphasised that this is a precautionary measure aimed at supporting the stability of the oil market”, ...

[ad_1] Algerian footballer Youcef Atal has become the latest Muslim footballer to be reprimanded by a European football club after France’s Nice suspended him for reposting an allegedly anti-Jewish message on social media related to the ongoing Israel-Palestine conflict. The move, on Wednesday, came less than two days after French prosecutors launched a preliminary investigation into Atal on suspicion of “glorifying terrorism”, following complaints filed by local politicians. “Given the nature of the publication shared [by Atal], and its seriousness, the club has taken the decision to take immediate disciplinary action against the player, prior to any action that may be taken by sporting and legal authorities,” the Ligue 1 club said in a statement. “As such, the club has decided to suspend Youcef Atal until further notice.” Atal is suspected of sharing a video from a Palestinian preacher on Instagram, purportedly calling for violence against Jewish people. He has since dele...