Recent Posts - page 497

• $39 Billion Spending Package Announced By The UK To Tackle Coronavirus Slowdown

  By admin2 on March 11, 2020 • ( 0 )

  

  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

  By admin2 on March 11, 2020 • ( 0 )

  

  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

  By admin2 on March 11, 2020 • ( 0 )

  

  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 ›

• Tesla scouting for new U.S. Gigafactory in central U.S.

  By admin1 on March 11, 2020 • ( 0 )

  

  Testla Inc is looking for a new U.S. location to build its Cybertruck Gigafactory. In a tweet, Tesla’s Chief Executive Officer, Elon Musk said, he was looking for locations in the central United States to build the company’s new Gigafactory… Read More ›

• BoeE coordinating with MoF to get max economic impact: BoE Governor

  By admin1 on March 11, 2020 • ( 0 )

  

  On Wednesday, Bank of England’s Governor Mark Carney disclosed, the central bank was coordinating with Britain’s finance minister to ensure that the surprise cut in interest rates as well as other measures that were announced today had their maximum intended… Read More ›

• JPMorgan Chase likely to trim 140 jobs in Switzerland

  By admin1 on March 10, 2020 • ( 0 )

  

  According to a report by Swiss financial news site Finews, JPMorgan Chase & Co is considering cutting up to 140 jobs in Switzerland in an effort to trim costs. According to the report, the cuts would mainly affect its Geneva… Read More ›

• Creditors should negotiate, restructure debt or face disorderly default: Lebanon’s Finance Minister

  By admin1 on March 10, 2020 • ( 0 )

  

  In a report, Lebanon’s broadcaster LBC quoted the country’s Finance Minister Ghazi Wazni as saying Lebanon will resort to a disorderly default if creditors are not prepared to negotiate; he went on to add, investors will find it difficult to… Read More ›

• Saudi Arabia’s price war on crude prices aims to punish Russia for not adhering to OPEC+ production cuts

  By admin1 on March 9, 2020 • ( 0 )

  

  On Monday, oil prices fell by nearly 30% after Saudi Arabia slashed oil prices and set plans for a significant increase in crude production from April. Following the Saudi move, oil prices fell by as much as a third after… Read More ›

• Passenger airlines industry could lose up to $113 billion revenues in 2020 because of Coronavirus: IATA

  By admin1 on March 9, 2020 • ( 0 )

  

  On Monday, in a statement the Airports Council International (ACI) Asia-Pacific stated, airport passenger traffic in the Asia-Pacific region is likely to shrink by 24% due to China’s coronavirus, thus causing a loss of $3 billion in airport revenues. Cancellation… Read More ›

• Gold prices touch $1700 per ounce for the first time in 7 years

  By admin1 on March 9, 2020 • ( 0 )

  

  On Monday, for the first since late 2012, gold prices surged past $1,700 per ounce levels following a widening China’s coronavirus outbreak worldwide even as crude oil prices along with equities touched new lows as investors scurried for safe havens…. Read More ›

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