World markets in decline, led by 6% slump in China

World markets are falling again, led by a 6% slump in Chinese shares. Investors seem spooked by more weak data, and oil falling below $30 a barrel once again. Stock markets in London, Frankfurt and Paris followed suit, with a bumpy start to trading, and falls off 1.5 to 1.8%. Global markets had slightly rebounded after falling dramatically last week. Meanwhile, all eyes will be on a U.S. Federal Reserve meeting this week to see whether it acknowledges concerns over China and whether that will delay any interest rate increases this year.

More from Business

Coming Up on Dubai Eye

  • The Business Breakfast

    6:00am - 10:00am

    The Business Breakfast is the day’s must listen for the UAE’s business leaders, and those who aspire to be.

  • The Agenda

    10:00am - 1:00pm

    Broadcasting every weekday, Georgia Tolley goes beyond the headlines to speak to government ministers, decision makers, analysts and local experts to find out how the news will impact those of us living in the UAE.

BUSINESS BREAKFAST LATEST

On Dubai Eye

  • Flying Taxis

    It sounds like an episode of The Jetsons, but the sight of flying taxis whizzing around our cities could be much closer than you think.

  • Tough penalties for deliberate tax evasion

    The UAE has said that tougher penalties will come into force from 1st August for not keeping proper corporate tax records.