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BIGGEST CORONAVIRUS OUTBREAK
Global COVID-19 cases top 54 millionAccording to the JHU, more than 34.7 million people have recovered from the disease, while the COVID-19 global death toll is nearing 1,313,...- Brazilian state plans deal with Russia to make COVID-19 vaccineWith the world's biggest coronavirus outbreak outside the United States, Brazil has become a hub for mass clinical trials of potential vacc...
- Oil rises after surprise drop in US inventories offsets demand concernsU.S. oil gained 14 cents, or 0.3%, to $41.18 a barrel, having dropped 1.4% in the previous session.
- Oil dips, heading for weekly loss as virus cases riseOil inventories remain bloated due to the evaporation of demand for gasoline, diesel and other fuels during the initial outbreak.
- Central team in Mumbai as state struggles to contain outbreakThe biggest worry is to contain the disease before the arrival of monsoons in June.
- Indian property developers vow to feed labourers amid lockdownThe Hiranandani Group has organized 15 days of food rations for more than 4,000 labourers across sites. Oberoi Realty Ltd will continue to ...
- Coronavirus pandemic puts US Fed on rapid route to zeroThe US central bank is facing calls to slash borrowing costs to zero at or before Wednesday’s decision.
- Crude oil falls a third day, Brent crude set for worst week since 1991US West Texas Intermediate (WTI) crude was down 66 cents, or 2.1 per cent, at $30.84 after falling more than $1 earlier.
- Crude oil prices rises as Opec+ moves closer toward deeper output cutUS West Texas Intermediate (WTI) futures rose by 53 cents, or 1.12 per cent, to $47.71 a barrel, up for a third session.
- Twitter asks employees to work from home; TCS, HCL Tech instruct staff to avoid non-essential travelTwitter says it’s mandatory for employees in Hong Kong, Japan and South Korea to work from home, but that other offices will remain open fo...
- Crude oil rises a 2nd day as stimulus hopes, expected Opec cuts offset virusUS West Texas Intermediate (WTI) rose $1.33, or 2.8 per cent, to $48.07 a barrel.
- Amazon confirms two employees in Italy have contracted coronavirusThe United States on Saturday hiked its travel advisory and urged U.S. citizens not to travel to the Veneto and Lombardy regions of Italy b...
- Emirates offers leave to staff as virus saps demand for travelEmirates halted most flights to China and suspended operations to Iran, the epicenters of the coronavirus. It stopped flying tourists from ...
- European stocks dive 3% as coronavirus raises recession fearsSTOXX 600 recorded its biggest weekly decline since the global financial crisis in 2008.
- China stocks have worst month since May 2019 over coronavirus fearsThe Shanghai Composite index's 3.2 per cent fall for February.
- Coronavirus-hit China postpones annual Parliament session: ReportThe postponement of the NPC, which is often viewed as a rubber-stamp parliament for its routine approval of the CPC proposals, is regarded ...
- China's passenger car sales tumble 92% in first half of Feb due to virus outbreakChina's passenger vehicle sales recorded 4,909 units in the first 16 days, down from 59,930 vehicles in the same period a year earlier, dat...
- Moody's lowers Apac growth forecast for 2020 to 5.2% due to coronavirusThe coronavirus that emerged in China early January has killed over 1,860 people and infected more than 72,000 so far and there is no end i...
- Ray Dalio says market impact of coronavirus is ‘exaggerated’As manager of the world’s biggest hedge fund, Dalio should know what he’s talking about.
- Copper sees biggest losing streak since 2018Copper, often a barometer of global growth, fell 1.5% to settle at $2.684 a pound.
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