Coronavirus: Mexico stops brewing Corona beer
Mexico’s Grupo Modelo said on Thursday it will temporarily stop brewing Corona beer and other brands exported to 180 countries…
Category: World
US Alcohol Sales Increase As People Stockpile Drinks To Pass Time
The coronavirus pandemic has forced millions of Americans to stay home, and they’re drinking a lot of alcohol to pass…
OPEC Calls For Emergency Meeting On Monday
OPEC will meet on Monday with Russia and other oil producers in the hope of agreeing supply cuts and ending…
Economies In Freefall As Coronavirus Cases Exceed 1 Million
Global cases of the new coronavirus have shot past 1 million with more than 53,000 fatalities, a Reuters tally showed…
OPEC debates biggest-ever oil cut as Coronavirus destroys demand
OPEC and its allies are working on a deal for an unprecedented oil production cut equivalent to around 10% of…
When Will U.S. Economy Bottom? Economists Hunt For The Right View
Given how fast the situation has developed, judging when that happens in real time will prove challenging for economists…
Coronavirus: Worldwide Cases Exceed 1 Million
Just in the previous day, there were 6,095 new deaths – nearly double all fatalities in China, where the COVID-19…
Trump Says 3M ‘Will Have A Big Price To Pay’ Over Face Masks
President Donald Trump slammed 3M Co (MMM.N) in a tweet late on Thursday after earlier announcing he was invoking the…
Trump’s Push For Huge Deal To Cut Oil Supply Draws Disbelief
He says Saudis, Russia could cut 10 million to 15 million b/d. Reduction of that size could still be too small amid pandemic. Trump Eyes Global Oil Output Cut of 10 Million Barrels a Day
Oil Prices Soar By A record 25% After Trump Hints At Production Cuts
Hopes are building for a truce in the brutal oil price war between Saudi Arabia and Russia, setting off a…
The coronavirus won’t end moviegoing, but it could change it
Last year was a good year for the film industry. The global box office brought in over $40 billion worldwide,…
Emirates To Resume Limited Passenger Flights
Emirates Airline said Thursday it is to resume a limited number of outbound passenger flights from April 6, less than…
US Unemployment Claims Hit Record High
The number of Americans filing claims for unemployment benefits likely shot to a record high for a second week in…
Over Half Of Americans Are Postponing Weddings—Till When, Few Know
One of the last weddings performed in public in Las Vegas was on St. Patrick’s Day. The groom wore a dark…
US Fed Takes On Role Of World’s Central Bank By Pumping Out Dollars
Unveils new repurchase facility for foreign central banks. Dollar squeeze threatens world economy reeling from virus
Mask Or No Mask? This Is What The Virus Experts Say
As the Covid-19 pandemic has unfolded, authorities in different places have said different things about whether healthy people should go around wearing…
FG Begins Distribution Of N20,000 Relief Fund To Poor Nigerians
The Nigeria Government on Wednesday commenced the disbursement of N20,000 Conditional Cash Transfer to poor homes in the country. Speaking…
EU Agency warns Against Use Of Chloroquine Except In Case Of ‘National Emergency’
Anti-malarial drugs chloroquine and hydroxychloroquine should only be used to treat COVID-19 in clinical trials or in case of “national…
Coronavirus: Wimbledon Cancelled For The First Time Since World War II
Wimbledon organisers on Wednesday scrapped the grasscourt Grand Slam for the first time since World War II as the coronavirus…
For The First Time in 44 years, China’s economy may not grow at all
China’s economy is showing some tentative signs of recovery from the devastation caused by the novel coronavirus pandemic but the path ahead remains hugely…
Coronavirus Will Push Millions Into Poverty – World Bank
The financial impact of coronavirus will stop almost 24 million people from escaping poverty in East Asia and the Pacific,…
China’s ports brace for second hit as virus spread wipes out exports
With Beijing reporting only sporadic domestic transmission of the coronavirus since March, workers have been allowed to return to posts,…
China’s Divorce Spike Is A Warning To Rest Of Locked-Down World
Chinese media have been filled with reports of conjugal strife. Shanghai-based online publication Sixth Tonereported that police in one county along the Yangtze River in central Hubei province, near where the pandemic began in Wuhan, received 162 reports of domestic violence in February—three times more than the 47 reported during the same month in 2019.
China’s Finance World Opens Up to Foreigners, Sort Off
While the trade war was crimping the flow of goods between the U.S. and China, the Chinese government was opening doors in…
US Fed Goes Global, No V-Shape Recovery, China Worst Over
Trump set to announce 90-day deferral for some tariff payments. Oil’s apocalyptic April set to reverberate for years to come
US Fed Sets Up Scheme To Meet Booming Foreign Demand For Dollars
Central bank meets global shortage of greenbacks after scramble for safety. Investors and companies have flocked to the safety of US dollars to offset the blow to revenues from widespread economic shutdowns.
Why Is The US Fed´s Unlimited Money-Printing Scheme Dollar Positive In Coroanvirus Times.
Why the Fed´s unlimited money-printing scheme is dollar positive in coroanvirus times The Fed’s “buy everything” mode provides firepower…
Dow Posts Worst Quarterly Drop Since 1987
Wall Street’s three major indexes tumbled on Tuesday, with the Dow registering its biggest quarterly decline since 1987 and the…
Huawei warns China will strike back against new U.S. restrictions
Huawei warned on Tuesday that 2020 would be its most difficult year yet due to American trade restrictions which…
Coronavirus: Messi Says Barcelona Players Will Take 70% Pay Cut
Barcelona captain Lionel Messi has announced that all players of the Catalan club will take a 70% pay cut during…