[ad_1] Anna Gross 3/30/2020, 1:07:06 PM European stocks make tentative recovery European stock markets recovered some ground after taking a tumble in early morning trading on Monday, while oil prices dropped to their lowest point in 18 years. The benchmark Europe Stoxx 600 index edged was flat, after dropping as much as 2 per cent after the opening bell. London’s FTSE 100 was down 0.4 per cent, after dropping almost 3 per cent, while France’s Cac 40 was down by 0.7 per cent. Airbus, listed on the Paris stock exchange, suffered a share price drop of roughly 8 per cent as the company battles to shore up its finances against…

[ad_1] The British isles prime minister Boris Johnson has analyzed positive for coronavirus, Downing Avenue has introduced. Amount 10 explained Mr Johnson experienced delicate symptoms, notably a temperature and a cough, and would self-isolate for the next 7 times. But officials insisted that he would continue to lead the government’s response to the disaster. Mr Johnson posted a online video on Twitter in which he reported the community should really “be in no doubt that I can keep on, thanks to the wizardry of present day engineering, to connect with all my prime workforce to guide the countrywide fightback from coronavirus”. His formal spokesman explained the prime minister “will do…

[ad_1] Mamta Badkar 3/24/2020, 1:21:43 PM Norway’s unemployment rate hits highest since WWII Richard Milne in Oslo Norway’s unemployment rate has more than quadrupled in the past two weeks to reach its highest level since the second world war as the coronavirus outbreak and plunge in oil prices tests western Europe’s largest petroleum producer. The number of unemployed has jumped from 65,000 on March 10 to 291,000 on Tuesday, resulting in an unemployment rate of 10.4 per cent, according to Norway’s labour and welfare administration (Nav). “This is the highest unemployment rate in Norway since the second world war,” said Sigrun Vageng, director of labour and welfare at Nav. The…

[ad_1] Adam Samson 3/21/2020, 1:16:44 PM Campaign to ‘clap for carers’ makes the rounds on UK social media A message calling on those living in the UK to applaud health professionals and other carers has been making the rounds on social media. The message below, which was shared on my North West London neighbourhood WhatsApp group and by a local Twitter account (see below), encourages Britons to show doctors, nurses, and others that they are “grateful”. It has called on people to applaud from their “front doors, garden, balcony, windows and living room” on March 26 at 8pm. Similar measures have taken hold in other countries including Spain and France.…

[ad_1] Adam Samson 3/18/2020, 1:01:26 PM BoE says it is prepared to pump unlimited money into economy Chris Giles, economics editor, writes: The new Bank of England governor, Andrew Bailey, said on Wednesday the UK central bank was willing to pump unlimited quantities of money into the economy via its new commercial paper facility. Speaking to journalists on a conference call from Threadneedle Street, Mr Bailey, who took over from Mark Carney at midnight on Monday, said the ambition was to limit economic damage to “disruptive” not “destructive”, but the situation was serious. He said it was not yet time to shut financial markets because they had not lost their integrity…

[ad_1] Andrea Crisp 3/15/2020, 1:09:04 PM China to quarantine international travellers Don Weinland reports: International passengers landing in Beijing will be sent to quarantine centres for 14 days starting on Monday, in the strongest measures taken by China to prevent a resurgence in coronavirus cases from inbound travellers. All asymptomatic travellers entering the capital from abroad would be sent to the centres at their own expense, a Beijing official said at a press conference. In some exceptional circumstances, incoming passengers would be allowed to quarantine at home. Cases of coronavirus among incoming international travellers outnumbered domestic cases for the first time in China on Friday, as Europe and the US…

[ad_1] Philip Georgiadis 3/12/2020, 12:54:19 PM European stocks hit lows of the day after ECB holds rates Tommy Stubbington reports: Stock markets hit their lows for the day after the European Central Bank announced a package of easing measures but keeps rates on hold at minus 0.5 per cent. Markets had been pricing in a 0.1 percentage point rate cut. The early market reaction suggests investors were hoping for more from the central bank. The Stoxx Europe 600 fell more than 8 per cent. The euro edged higher, recently up 0.2 per cent on the day at $1.129. Italian and Greek bonds — considered the riskiest government debt in the…

[ad_1] Sarah Provan 3/9/2020, 12:48:34 PM Royal College of Physicians delays conference until January Clive Cookson, science editor, reports: The UK Royal College of Physicians has postponed its annual conference from next month to January 2021, “so that doctors can concentrate on looking after patients with Covid-19 and avoid putting themselves at any increased risk from the virus”. Andrew Goddard, president of the London-based body that aims to improve the practice of medicine, said: It simply wouldn’t be sensible to bring together hundreds of doctors from all over the UK and other countries too, when they are already stretched, dealing with Covid-19 on top of all the other pressures on…

[ad_1] Asia-Pacific faces $211bn economic reduction, suggests S&P Jamie Smyth reviews from Sydney The distribute of the coronavirus will blow a $211bn hole in Asia-Pacific economies in 2020, lessening the region’s once-a-year expansion rate to the least expensive stage because the worldwide monetary crisis in 2008, according to S&P World. The credit history score company mentioned a U-formed recovery should get started afterwards this yr but warned the outlook for the location has darkened mostly due to the global distribute of the coronavirus. Economic development is forecast at 4 for every cent, down from 4.9 per cent in 2019, and a number of regional economies will flirt with economic downturn,…

[ad_1] Central bankers have pledged to get decisive action to stem the economic hurt caused by the distribute of coronavirus, as finance ministers from the G7 group of major economies prepare to focus on feasible stimulus actions.  The Reserve Bank of Australia grew to become the to start with significant central lender to choose motion in reaction to the economic affect of coronavirus, cutting curiosity charges on Tuesday by a quarter of a proportion stage to a new document very low of .5 per cent. It was followed shortly afterwards by the Malaysian central bank, which cut its overnight policy fee by a quarter of a share level to 2.5…