Asian stocks tumbled on Monday followed by losses across European and United States markets on concern over company earnings and increasing gloom about prospects for the global economy, analysts said. Wall Street stocks opened lower as Wachovia bank, one of America's largest retail banking groups, announced a net loss of $350-million.
Regulations for taxis have been relaxed over the last few days of the lockdown prompting criticism. Transport minister Fikile Mbalula however, has defended the decision
