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Oil clinches biggest weekly gain despite gloomy demand outlook

Bloomberg Oil clinched the best weekly gain for the year on signs the worst economic impacts of lethal viral outbreak have been accounted for, easing concern about free-falling demand for crude. Futures advanced 1.2% in New York, settling above $52 for the first time this month. Investor confidence was lifted after China reassured the international community that a huge spike …

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UK housing market sees optimism

Bloomberg UK real estate agents reported that house prices increased for the first time in more than a year last month. In more evidence of a pickup in sentiment following Boris Johnson’s December election victory, which lifted uncertainty about whether the country would leave the European Union, an index of price changes rose to the strongest level since 2017. Measures …

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Amazon axes delivery firms over not ‘meeting standards’

Bloomberg Amazon.com Inc is severing ties with small delivery firms around the country — putting at least 1,300 drivers out of work — in an effort to eliminate partners that aren’t meeting its standards. Bear Down Logistics, an Illinois company that rapidly expanded over the past two years, is shuttering operations in five states and letting go of about 400 …

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