LIVE NEWS UPDATE ::

Sears, the 125-year-old U.S. retailer that became an icon for generations of American shoppers, filed for bankruptcy. The company is saddled with billions of dollars of debt.

Elsewhere, Tether, the digital coin used as a U.S. dollar substitute on crypto markets, broke its tight link with the currency, triggering doubt among traders.

More:
– China’s stocks extended a $3 trillion rout
– European markets dropped on Monday, following declines in Asia
– The pound fell as Brexit talks look unlikely to meet this week’s key milestone

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