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Paris imposes nationwide lockdown as carmaker Renault halts French production line

17-03-2020

On Monday, the 16th of March 2020, the Centre-left French President Emmanuel Macron had ordered stiffer restrictions on people’s movement aimed at slowing down the spread of Covid-19

Zambia’s Zesco says electricity deficit growing after S. Africa’s Eskom deal expired

17-03-2020

Zambia's state-backed utility firm Zesco said in a statement late on Friday that its power deficit grew by nearly 20 per cent over the course of past six months after expiration of a power import deal with S. African utility firm Eskom

US crude jolted below $30/barrel as coronavirus spread, OPEC rancour elevate

17-03-2020

On Monday, the 16th of March 2020, both US and UK crude futures’ prices had pummelled over accelerating worries of coronavirus-driven financial fallouts

Goldman Sachs downgrades US growth forecast for Q1 & Q2 due to coronavirus

17-03-2020

On Sunday, the 15th of March 2020, the NY-based leading US lender and financial services provider, Goldman Sachs, the world’s No. 1 dealmaker, had slashed economic growth projection of the United States for Q1 and Q2

UAE, Saudi roll out $40bn in fiscal stimulus to counter coronavirus

16-03-2020

On Saturday, the 14th of March 2020, Central Banks of United Arab Emirates alongside the Kingdom of Saudi Arabia had released a large war chest worth of a combined $40 billion to wrangle against the rattling coronavirus

Norway offers $10 billion in fiscal aid to firms as coronavirus clatters economy

16-03-2020

On Sunday, the Norwegian Government of PM Erna Solberg said that the Govt. had agreed to spend at least 100 Norwegian Krona or $9.7 billion in fresh financing in forms of low-cost loans alongside bond issuances to fight against coronavirus

Federal Reserve cuts interest rate to near-zero in emergency coronavirus move

16-03-2020

In the wake of a numerous wild swings in the global equity markets stoked by a slew of panic-driven sell-offs amid growing worries over coronavirus outbreak, US Federal Reserve had slashed interest rate to near-zero late on Sunday

France's Macron urges ECB to do more on coronavirus, to close schools from Monday

14-03-2020

Late on Thursday, in a televised address to the nation, French President Emmanuel Macron had urged the ECB (European Central Bank) to do more to grapple with the financial fallouts of the fast-spreading coronavirus outbreak

US Labour Department to allow jobless benefits as coronavirus rattles businesses

14-03-2020

The US Labour Department had issued a statement saying that it would allow US states to amend their legislations in order to proffer unemployment benefits in critical circumstances related to the coronavirus pandemic

Switzerland step up measures to contain coronavirus as Swiss stock exchange decimates

13-03-2020

Switzerland said late on Wednesday that the country had shored up a slew of preventive measures to slow down the spread of the novel Covid-19 which had led to the death of four people in the Alpine country

US weekly jobless claims fall, but coronavirus fallouts falter near-term outlook

13-03-2020

On Thursday, US employment data released by the US Labour Department had added an unprecedented silver lining to US economy which analysts say would highly unlikely to survive another week

Oil takes a nosedive of 8 per cent after Trump’s surprise travel curb on Europe

13-03-2020

On Thursday, the 12th of January 2020, both US and UK crude had extended their overwhelming leg of losing streak, as UK crude oil futures’ prices had poured away more than 8 per cent following US President Donald Trump’s surprise travel ban on Europe

OPEC trims '20 oil demand forecast, sees further holocaust as new Covid-19 cases rise

12-03-2020

On Wednesday, OPEC (Organization of Petroleum Exporting Countries), the 14-member pact of crude oil exporting nations, headquartered on Vienna, Austria, had trimmed full-year forecast for global oil demand due to the coronavirus pandemic

Britain unveils £30 billion stimulus to soften coronavirus-led financial fallouts

12-03-2020

Late on Wednesday, the 11th of March 2020, United Kingdom had unveiled a £30 billion stimulus package to battle with the financial fallouts of a ravaging coronavirus outbreak which had been spreading rapidly across the central Europe

Covid-19 may have reached Italy from Germany- scientists; death toll climbs to 1,012

12-03-2020

As Coronavirus turns Venice and Milan in to ghost cities and death toll in Italy had raised to 1,012 by Wednesday from coronavirus, a team of scientists said in a report that they had reasons to believe Italy’s patient zero might have come from Germany

Oil drowns in line with equity market slump, as Saudi, UAE plan to overflood market

12-03-2020

On Wednesday, the 11th of March 2020, both US and UK crude oil futures’ prices fell by as much as 4 per cent and pared earlier gains over optimisms of Kremlin’s interest to resume talks with OPEC

Saudi, UAE to boost oil output for the first time in more than a decade

12-03-2020

On Wednesday, Saudi Arabia, the world’s largest oil exporter, said in a statement that the OEPC kingpin would soon launch a new program aimed at boosting the oil-dependent nation’s production capacity for the first time in more than a decade

Italy to step up coronavirus spending more than 200% as death toll rises to 827

12-03-2020

On Wednesday, the Prime Minister of Italy, Giuseppe Conte said in an emergency press briefing that his Government would heighten up coronavirus-related spending by as much as 200 per cent to €25 billion

Riyadh vs Moscow in a full-fledged oil price war- the pointy ends?

11-03-2020

Amid a nerve-wracking price war over crude oil market shares, questions were raised on what extent Saudi and Russia were prepared to weather a withering fallout of a crude oil price war

Tunisia trims 2020 economic growth projection to 1%, seeks new program with IMF

10-03-2020

Tunisia, the North African country bordered with the Mediterranean Sea, which has reported a 1.6 per cent economic growth last year, had reduced its economic growth forecast for 2020 to 1 per cent from an earlier projection of 2.7 per cent

Italy quarantines millions as coronavirus death climbs; economy battered

10-03-2020

On Sunday, Italy, the bloc’s third-largest and world’s eighth-largest economy by nominal GDP, which has been the hardest hit in Europe from a copious coronavirus outbreak, had ordered a virtual lock down across its wealthy Northern states

PM Johnson’s favourite Sunak seeks to relax UK budgetary spending limit

10-03-2020

On Sunday, Sunak said that he had been seeking potential changes in legislations which could allow him to spend more in UK’s budget for fiscal year 2020-21

German coronavirus cases jump; economic anxiety amplifies

09-03-2020

On Saturday, the 7th of March 2020, the number of coronavirus infected patients in Germany climbed by more than 100 and reached 795 during preparation of the report in late-afternoon

Covid-19 kills Iran MP, infects Italy’s Democratic leader as economic anxieties rise

09-03-2020

As the US-sanction struck Iran has been struggling to contain a belligerent coronavirus outbreak, an Iranian lawmaker had died from the coronavirus infection, Iran’s state-backed Tasmin News Agency had reported on Saturday

Brussels says Italy's coronavirus spending would not hurt EU budget rules compliance

08-03-2020

On Saturday, the 7th of March 2020, Italy receives an EU nod to its additional expenses aimed at cushioning the bloc’s third-largest economy from the financial fallouts of coronavirus outbreak

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