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Suez Canal blockage lifts oil prices

The shortest shipping route from Europe to Asia remains blocked as tug boats struggle to free one of the world’s largest container ships after it ran aground in the Suez Canal, prompting a rise in oil prices due to supply delays.

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Business

SA firms' share price plunge

South Australia’s largest company, Santos, is among several major local companies to have seen their share prices plunge in recent months, as the global coronavirus and oil glut crises spook investors, with the State Government today foreshadowing a stimulus package for the state.