LONDON (Reuters) -Oil slumped to about two-week lows on Monday, extending last week's decline, as concern grew that prolonged COVID-19 lockdowns in Shanghai and potential increases to U.S. interest rates would hurt global economic growth and oil demand.

TOKYO (Reuters) -Shares of Nissan Motor Co Ltd slumped 5% on Monday, their biggest fall in more than a month, following a report that top shareholder Renault SA may consider lowering its stake in the Japanese automaker.

(Reuters) -The main European stock indexes fell more than 1% on Monday as worries about an economic slowdown in China and rapid U.S. interest rate hikes overshadowed relief from French President Emmanuel Macron's election victory over the weekend.

A consortium of carmakers and battery producers including BMW, Umicore and BASF will work alongside technology partners to develop a "battery passport" that traces the content and carbon footprint of batteries in Europe, Germany's economy ministry said on Monday.

Chinese video game streaming site Huya has started laying off staff, three sources close to the matter said, as more of the country's technology companies scale back after a bruising regulatory crackdown.

The U.S. dollar climbed to a two-year high versus its rivals on Monday and was on track for its single biggest daily gain in more than six weeks as a wave of risk aversion swept through global markets, boosting the greenback's safe haven appeal.