by sundelbolong | May 14, 2020 | Business & Finance News
The US economy faces unprecedented risks from the coronavirus if fiscal and monetary policy makers don’t rise to the challenge, Federal Reserve Chair Jerome Powell said while pushing back against the notion of deploying negative interest rates. “The recovery may...
by sundelbolong | May 13, 2020 | Business & Finance News
The UK economy shrank almost 6% in March as the nation went into lockdown, plunging into what may be its deepest recession in more than three centuries. The slump meant gross domestic product fell 2% in the first quarter, as restrictions to control the coronavirus...
by sundelbolong | May 11, 2020 | Business & Finance News
Oil pared last week’s gain as fears of a potential resurgence in global coronavirus cases countered tentative signs of a demand recovery. Futures fell 2.3% in New York to trade near $24 a barrel. China put Shulan, a city near the North Korean border, in lockdown over...
by sundelbolong | May 10, 2020 | Business & Finance News
Minister of Health Zweli Mkhize has won such praise for his handling of the coronavirus crisis that he’s being touted as a possible successor to President Cyril Ramaphosa. Advised by a panel of top scientists, Mkhize has crisscrossed the country assessing the health...
by sundelbolong | May 9, 2020 | Business & Finance News
Once the coronavirus pandemic is over, the international tourism industry may initially find its saving grace in an unexpected place: the younger market segment. Older, more affluent travellers have traditionally proved lucrative for the sector. But in the...
