While not making any change on the interest rates, the European Central Bank has announced a set of fresh stimulus measures to help the European Union to tackle the economic fall out of the spread of the coronavirus – now… Read More ›
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CME Group closes trading floor on coronavirus concerns
Exchange operator CME Group Inc stated, it would close its Chicago trading floor after business hours on Friday in order to reduce potential exposure to China’s coronavirus which has gone pandemic. China’s coronavirus, which began in Wuhan where Beijing has… Read More ›
$39 Billion Spending Package Announced By The UK To Tackle Coronavirus Slowdown
The United Kingdom government has just announced a package worth billions of pounds to cushion the economic fallout on its economy and businesses because of the spread of the coronavirus. This announcement was made by the country’s finance minister on… Read More ›
ECB’s Lagarde Warns Of A 2008 Like Crash In Europe Du Rot Coronavirus
Unless strong economic support was provided by the governments of the various member countries in the European Union, Europe as a region will plunge into an economic downturn similar to the 2008 financial meltdown because of the economic fall out… Read More ›
Coronavirus Could Infect Upto 70% Of Germany, Says Chancellor Merkel
About 58 million German residents – which is about 70 per cent of the population of Germany could contact the coronavirus, warned German Chancellor Angela Merkel. This warning was issued by her during a news conference on Wednesday which she… Read More ›
Sovereign Wealth Funds Reduce Investment In Start-Ups In 2019
In the months following the failure of the planned initial public offering (IPO) of WeWork, there has been a steep drop in the investment in venture capital deals by sovereign wealth funds which pushed it to touch its lowest in… Read More ›
Oil Prices Tumble After Russia-OPEC Talks Break Down
A disagreement between OPEC and Russia over further and deeper coil production cuts resulted in the two parting ways after three years of working together to reduce oil production so that global oil prices could be shored up. The latest… Read More ›
Employees Of Amazon, Microsoft And Facebook In Seattle Advised To Work From Home
All the Seattle, United States based employees of Amazon, Microsoft and Facebook have been advised by the companies to not to come to work and work from home for the next few weeks as the coronavirus outbreak continues to spread… Read More ›
India Limits Export Of Drugs To Coronavirus, Concerns Of Global Shortages Arise
Following the decision of India to put a cap on the export of drugs manufactured in the country because of the coronavirus, fears of global shortages of some common drugs have started to arise. Exports of 26 ingredients and the… Read More ›
Two Strains Of Coronavirus Found By Chinese Scientists Suggesting Mutation Of The Virus
Two different types of the new coronavirus could be behind the infections of the virus worldwide, researchers in China have found. A more aggressive type of the new coronavirus had been responsible for about 70% of the analyzed strains while… Read More ›
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