Italian tourists test positive for coronavirus in Delhi

With Holi less than a week away on March 10, Prime Minister Narendra Modi, Home Minister Amit Shah, BJP president J P Nadda and Delhi Chief Minister Arvind Kejriwal said they would not celebrate the festival of colours or hold any Holi Milan gatherin... More..

by | Published 27 days ago
G7 finance chiefs, central bankers plan call Tuesday on virus
by | Wednesday, March 04, 2020

G7 finance chiefs, central bankers plan call Tuesday on virus

The virus, which has unfold to 60 worldwide locations, has killed greater than 3,000 individuals and upended world provide chains. "The fundamentals of the U.S. Investors are still speculating whether other c...More..

India restricts exports of common drugs on fear of coronavirus shortages
by | Wednesday, March 04, 2020

India restricts exports of common drugs on fear of coronavirus shortages

India's list of restricted medicines account for 10 per cent of its total pharmaceutical exports and includes several antibiotics, as well as Paracetamol, a common pain reliever also sold as acetaminophen. "S...More..

Fed makes emergency rate cut amid heightened coronavirus fears
by | Wednesday, March 04, 2020

Fed makes emergency rate cut amid heightened coronavirus fears

Global agencies have indicated this week that there will be a significant economic impact as the virus spreads. While acknowledging that the magnitude and persistence of the overall effects from the virus rem...More..

Aussie Extends Gains After Fed Rate Cut, Upbeat GDP
by | Wednesday, March 04, 2020

Aussie Extends Gains After Fed Rate Cut, Upbeat GDP

Prime Minister Scott Morrison had earlier announced he expected the margin-pressured banks to "do the right thing" by consumers and pass on the expected rate cut in full as the coronavirus weighs on the eco...More..

Amazon Employee In Seattle Tests Positive For Coronavirus
by | Wednesday, March 04, 2020

Amazon Employee In Seattle Tests Positive For Coronavirus

The company said it defined close contact as "closer than 6ft/2 meters over a prolonged period of time". "We are supporting the affected employee, who remains in quarantine", the Amazon spokesman said. Washin...More..

Dow ends up 5.1% as USA stocks bounce back after rout
by | Wednesday, March 04, 2020

Dow ends up 5.1% as USA stocks bounce back after rout

Earlier, finance ministers and central bankers from the Group of Seven countries said they were ready to use "all appropriate policy tools" - including possibly fiscal stimulus measures - to guard against econo...More..

Walmart Working on Walmart Plus Membership Program to Compete With Amazon Prime
by | Wednesday, March 04, 2020

Walmart Working on Walmart Plus Membership Program to Compete With Amazon Prime

The US retailer hopes to start test testing publicly from next month. Walmart used to be the big cheese on the retail landscape. Walmart has not directly competed with Prime since the Amazon service d...More..

Unemployment rate in Kamloops slightly increased in December
by | Wednesday, March 04, 2020

Unemployment rate in Kamloops slightly increased in December

Quebec added 21,100 jobs in the month, helped by gains in the accommodation and food services sector as well as manufacturing. The United States is currently in its longest economic expansion in history, now ...More..

Fed to cut rates to fight economic risks from virus
by | Wednesday, March 04, 2020

Fed to cut rates to fight economic risks from virus

Markets have painted the central bank into a corner. Buffeted by a global trade war, monetary policymakers were already spending down their "ammunition" to keep a sluggish world economy from slipping further,...More..

Child dies as migrant and refugee crisis escalates on Greek-Turkish border
by | Wednesday, March 04, 2020

Child dies as migrant and refugee crisis escalates on Greek-Turkish border

Mitsotakis said Turkey was breaching a 2016 agreement with the European Union on migration and "has systematically encouraged and assisted tens of thousands of refugees and migrants to illegally enter Greec...More..

79 dead in Italy from coronavirus
by | Tuesday, March 03, 2020

79 dead in Italy from coronavirus

Some 1,263 people are in hospital, including 229 under intensive care, while 1,000 have mild symptoms or none at all and are expected to shake off the virus under isolation at home. The Lombardy cluster was fir...More..

Federal Reserve cuts rates in emergency move to battle coronavirus fears
by | Tuesday, March 03, 2020

Federal Reserve cuts rates in emergency move to battle coronavirus fears

Powell recently said the USA economy is on sure footing, but stressed that the central bank stands ready to act if the coronavirus outbreak takes a turn. In a tweet after the Fed move, President Donald Trum...More..

USA stocks roar back, Dow sees biggest ever one-day gain
by | Tuesday, March 03, 2020

USA stocks roar back, Dow sees biggest ever one-day gain

The broad-based S&P 500 bounced back 4.6 percent to finish at 3,090.23, while the tech-rich Nasdaq Composite Index advanced 4.5 percent to 8,952.16. Major central banks, the European Central Bank , the Bank ...More..

United Kingdom and EU Embark on Crunch Trade Talks in Brussels
by | Tuesday, March 03, 2020

United Kingdom and EU Embark on Crunch Trade Talks in Brussels

That could set the two sides on a collision course, putting additional pressure on a relationship already strained by London's decision to allow China's Huawei a limited role in its 5G mobile network, as well...More..

Oil prices sink to lowest in over a year
by | Tuesday, March 03, 2020

Oil prices sink to lowest in over a year

The rate of Brent crude slumped to US$50.05 (RM210) on Friday, its least expensive considering that late 2018 on fears the coronavirus outbreak will strike oil need terribly. "Saudi Arabia wants to hold price...More..

World economy may shrink because of virus, watchdog says
by | Monday, March 02, 2020

World economy may shrink because of virus, watchdog says

For the USA, the OECD sees a very slight slowdown this year, with gross domestic product expanding by 1.9% as against a previous forecast of 2%. The agency said that the impact of the COVID-19 will have a l...More..

Migrants head to Greece as Turkey opens the doors
by | Monday, March 02, 2020

Migrants head to Greece as Turkey opens the doors

Greek officials announced that Athens had submitted a request to Frontex, the European Union border agency, to mobilise its rapid border intervention force to assist reinforcing the bloc's external frontiers....More..

McDonald’s names March 2 National Egg McMuffin Day
by | Monday, March 02, 2020

McDonald’s names March 2 National Egg McMuffin Day

There's no word from Wendy's about the McDonald's National Egg McMuffin Day - but we're pretty sure they won't be silent for long. Will you celebrate National Egg McMuffin Day? And in honor of the fake holi...More..

Toronto stock exchange halts trading due to technical issue
by | Monday, March 02, 2020

Toronto stock exchange halts trading due to technical issue

TMX confirms that this incident was not the result of a cybersecurity attack. "What I can tell you is in the last couple of days we have seen a substantial increase in order flow, in our market also", said Jos ...More..

Republican Mega-Donor, Now Twitter Investor, Seeks To Oust Dorsey 03/02/2020
by | Monday, March 02, 2020

Republican Mega-Donor, Now Twitter Investor, Seeks To Oust Dorsey 03/02/2020

Previous year it successfully forced Bedfordshire-based Whitbread, the Premier Inn owner, to offload Costa Coffee. In December 2019, Scott Galloway, a professor of marketing at New York University's Stern Schoo...More..

American Airlines suspending flights to Milan after US travel warning
by | Monday, March 02, 2020

American Airlines suspending flights to Milan after US travel warning

Delta's last New York-to-Milan flight will take off Monday, while the last flight in the opposite direction is scheduled for Tuesday. U.S. authorities on Saturday asked Americans not to travel to the areas in...More..

U.S. imposes travel restrictions after first coronavirus death
by | Monday, March 02, 2020

U.S. imposes travel restrictions after first coronavirus death

In Tenerife an Italian national tested positive for the virus at the Costa Adeje Palace Hotel which was put on lockdown last week after four cases of the coronavirus were detected. "The situation is this seri...More..

Goldman Sachs expects 75bps Fed rate-cut by June 2020
by | Monday, March 02, 2020

Goldman Sachs expects 75bps Fed rate-cut by June 2020

However, the coronavirus poses evolving risks to economic activity", Mr. Powell said in a statement released Friday afternoon. He added that the Fed is "closely monitoring developments and their implications ...More..

by | Monday, March 02, 2020

Amazon asks employees not to travel unless necessary

The apparent freeze on in-person interviews comes after Amazon, the second-largest employer in the US, further restricted travel among its employees there. Employees on Amazon's worldwide operations team, which...More..

Official China factory PMI hits record low in February
by | Monday, March 02, 2020

Official China factory PMI hits record low in February

Analysts have warned that China's economic growth will likely take a major hit in the first quarter, and Saturday's data was the first glimpse at the devastation the virus has caused to industries across the co...More..

Coronavirus outbreak stifles Indian economic growth
by | Sunday, March 01, 2020

Coronavirus outbreak stifles Indian economic growth

However, the NSO revised upward its GDP growth estimates for the first two quarters of the current fiscal year: Growth in the first quarter of 2019-20 was pegged at 5.6%, higher than its earlier estimate of 5...More..

by | Sunday, March 01, 2020

Goldman Projects 3 Rate Cuts by June; Fed’s Bullard Isn’t so Sure

The Fed did not appear rattled by coronavirus, which is now spreading more quickly outside its epicenter of China than within it. Hotels and travel companies have reported cancelled rooms and postponed trips....More..

Corona Beer Goes Viral (Not In The Good Way) 02/28/2020
by | Sunday, March 01, 2020

Corona Beer Goes Viral (Not In The Good Way) 02/28/2020

That suggests at least some people are mistakenly linking the Corona brand with the coronavirus despite the alcoholic beverage having absolutely no connection to the virus. The World Health Organisation has r...More..

Coronavirus poses 'very high' global risk, World Health Organization warns
by | Sunday, March 01, 2020

Coronavirus poses 'very high' global risk, World Health Organization warns

President Donald Trump emphasized in a press conference that the United States is prepared for "any circumstance" and that there is "no reason to panic at all". The latest WHO figures indicate that more t...More..

Worst week since 2008 global financial crisis as global indices nosedive
by | Saturday, February 29, 2020

Worst week since 2008 global financial crisis as global indices nosedive

In Asia , the MSCI all-country world index fell 0.6 per cent on Friday after 3.3 per cent drop on Thursday. The S&P 500 Index dived 4.4% to 2,978.76, its biggest daily percentage decline since August 2011. T...More..

Autonomous driving startup Pony.ai raises $500 mln in Toyota-led funding
by | Saturday, February 29, 2020

Autonomous driving startup Pony.ai raises $500 mln in Toyota-led funding

Pony.ai has raised roughly $300 million as of April 2019 from renowned investors including Sequoia Capital China, IDG Capital, among others, making it the most valuable autonomous driving startup in China. Th...More..

Geneva Motor Show 2020 to be cancelled due to coronavirus risk
by | Saturday, February 29, 2020

Geneva Motor Show 2020 to be cancelled due to coronavirus risk

The annual Geneva motor show , a major item on the global auto industry calendar, had been due to start on March 5 and organizers said that stands were almost completed. "However, we are convinced that they wi...More..

South Korea confirms 571 cases of coronavirus in a day
by | Saturday, February 29, 2020

South Korea confirms 571 cases of coronavirus in a day

The Geneva-based World Health Organization stated the 2009 H1N1 swine influenza break out a pandemic, which ended up being moderate, causing some criticism after pharmaceutical business hurried advancement of...More..

Dow Index Drops 4 Percent As Financial Markets Continue to Plummet
by | Saturday, February 29, 2020

Dow Index Drops 4 Percent As Financial Markets Continue to Plummet

It last traded around 41. Emerging market stocks lost 1.21%. Bond prices soared again as investors sought safety and became more pessimistic about the economy's prospects. The World Health Organization (WHO) ...More..