Another 11% Swing in the Dow Average Shows Value Still a Mystery
As Wall Street celebrates the Dow Jones Industrial Average’s biggest surge in nine decades, spare a thought for the people…
Category: World
Sanwo-Olu Orders Partial Closure of Banks In Lagos
Lagos State Government, on Tuesday, placed a partial closure on banking activities in the state as part of measures to…
Bundesliga Players Accept Pay Cuts
Footballers at Germany’s top teams including Bayern Munich have agreed to take pay cuts to help other clubs survive the…
Chevron CEO vows to avoid first dividend cut since Great Depression
Chevron is pulling out all the stops to cope with the historic collapse in oil prices. The oil giant is slashing spending, scaling…
India Orders Complete Lockdown For Its 1.3bn Citizens
Prime Minister Narendra Modi on Tuesday ordered a “complete” lockdown for India’s 1.3 billion. Modi said the lockdown would start…
Apple To Open Some Stores In The First Half Of April
Apple Inc is expected to start re-opening some of its retail stores in the first half of April, according to…
Dow Has Best Day Since 1933 as Congress Nears Deal on Aid
The Dow Jones Industrial Average surged to its best day since 1933 as Congress and the White House neared a…
China Trying To Revive Economy After Shutdown
China is trying to jump-start its huge economy without triggering a second wave of coronavirus cases. It’s a high-stakes experiment…
IOC postpones 2020 Tokyo Olympic Games
The International Olympic Committee (IOC) has officially postponed the 2020 Tokyo Olympic Games after talks with Japanese Prime Minister, Shinzo…
Russia Asks Citizens To Go Cashless To Curb Spread Of Coronavirus
Russia has urged consumers and businesses to use digital payments rather than cash in an effort to slow the spread…
Recoveries At 100,000; Wuhan To Lift Lockdown
China plans to lift lockdown measures in Wuhan, the city subjected to a mass quarantine since the start of the coronavirus outbreak.…
Stocks Climb From Lowest Since 2016; Dollar Drops
Bill Ackman, Pershing Square Capital Management founder and chief executive officer, says he is going all long on markets because the U.S. is getting to the right place on the coronavirus pandemic.
Canada Sees More Restrictions Coming As Coronavirus Cases Soar
Many Canadians can expect more restrictions after the number of coronavirus cases in the country jumped significantly. New diagnosed cases spiked…
Historic Fed Boost Fails To stop Wall Street’s Virus-Driven Sell-Off
Wall Street’s slide deepened on Monday as the rapidly spreading coronavirus forced more U.S. states into lockdown, overshadowing unprecedented moves…
Amazon Teams Up With Bill Gates-Backed Group To Deliver Coronavirus Test Kits
Amazon.com Inc (AMZN.O) is partnering with a research program funded by Bill Gates to pick up and deliver coronavirus test…
Merkel Tests Negative For Coronavirus
Angela Merkel’s initial test for coronavirus came back negative, a government spokesman said on Monday, adding that the German chancellor…
Fed takes emergency action to stave off a depression
The Federal Reserve is signaling it will do whatever it takes to save the coronavirus-ravaged American economy from a depression.…
Coal Is Now the World’s Most Expensive Fossil Fuel
Oil’s epic collapse over the past month means the global crude benchmark is now priced below the most widely traded…
U.S. Futures Reverse Drop, Bonds Up on Fed Pledge
U.S. equity futures reversed a decline and Treasuries extended an advance after the Federal Reserve on Monday announced a massive second…
Chloroquine Effective In Treating Covid19 – Chinese Ministry Of Science and Technology
This is based on the results of Clinical Trials which confirms that Chloroquine Phosphate primarily used in the treatment of Malaria has some curative effect on the Covid-19 disease currently ravaging the globe.
Stocks crumble as more nations shut for business to curb virus
Asian shares sank on Monday as a rising tide of national lockdowns threatened to overwhelm policymakers’ frantic efforts to cushion…
Central banks deploy record sums to break financial logjam, but may need more
Central banks have offered trillions of dollars of support to markets in recent days to keep them from freezing up,…
40% To 80% Of New Yorkers Will Get Coronavirus – Cuomo
— New York state Gov. Andrew Cuomo said Sunday morning that an estimated 40% to 80% of residents could get…
German Chancellor Angela Merkel To Self-Quarantine
German Chancellor Angela Merkel will self-quarantine after coming into contact with a person who tested positive for coronavirus, her spokesperson…
Coronavirus supplies donated by Alibaba’s Ma arrive in Africa
A first planeload of protective and medical equipment donated to Africa by Chinese billionaire and Alibaba co-founder Jack Ma to…
World Bank moving forward on first $1.7 billion in pandemic aid projects
The World Bank’s executive board is expected to consider later this week the first fast-track funds to help Afghanistan and…
U.K. Warns of Further Crackdown If Britons Ignore Virus Advice
“This isn’t a game, it is very serious,” Housing Secretary Robert Jenrick told Sky News when asked if the government was considering a fuller lockdown to tackle the pandemic. “If people don’t follow that advice then clearly we’ll have to consider other options, but none of us want to go down that route.”
Bitcoin May Need Months to Recover, Fundstrat Chartist Says
Bitcoin’s technicals are in rough shape after its spectacular tumble last week and a recovery might take months, according to Fundstrat Global Advisors LLC.
Airbnb Board Meets To Consider Raising Funds For Buying Assets
Airbnb Inc.’s board met this week to consider a wide range of options in response to the current economic crisis,…