Stories for April 2020

Thursday, April 23rd 2020 - 08:46 UTC
The Short-term Liquidity Line: A New IMF Tool to Help in the Crisis

By Geoffrey Okamoto – The COVID-19 pandemic has severely disrupted the global economy at every level. Across the world, financial conditions have tightened dramatically, with unprecedented portfolio outflows from emerging markets in terms of both size (a record of about US$100 billion) and speed, and markets effectively frozen in some cases. This has created sizable demand for U.S. dollar liquidity, with emerging markets facing sharp liquidity shortages.
Thursday, April 23rd 2020 - 08:34 UTC
Two New York pet cats test positive for COVID-19; no evidence of animal-human contagion

Two cats in New York have become the first pets in the United States to test positive for the new coronavirus but there is no evidence pets can spread the virus to humans, according to US health authorities.
Thursday, April 23rd 2020 - 08:29 UTC
Trump allows US Navy to shoot Iranian gunboats “out of the water” if they get too close

US Navy ships will shoot Iranian gunboats that get too close “out of the water,” President Donald Trump said on Wednesday after 11 vessels from Iran's elite fighting force came dangerously close to American ships in the Gulf.
Wednesday, April 22nd 2020 - 08:56 UTC
Trump orders a plan to aid US struggling oil companies with massive supply glut

President Donald Trump on Tuesday ordered his administration to come up with a plan to aid US oil companies struggling with a massive supply glut and record low crude prices. “We will never let the great U.S. Oil & Gas Industry down,” Trump tweeted.
Wednesday, April 22nd 2020 - 08:55 UTC
UK COVID-19 deaths far higher than government numbers, says the Stats Office

The true extent of Britain's COVID-19 death toll was more than 40% higher than the government's daily figures indicated as of Apr 10, according to data that put the country on track to become among the worst-hit in Europe.
Wednesday, April 22nd 2020 - 08:54 UTC
Another MPC member tests positive for COVID-19; Falklands' building industry resumes this Wednesday

The Falkland Islands government reported on Tuesday that the latest test results received by KEMH have shown one positive case for COVID-19 out of 18 swabs tested. The positive was for an individual at Mount Pleasant Complex, who is in isolation as part of the on-going MPC arrangements for dealing with cases.
Wednesday, April 22nd 2020 - 08:48 UTC
WHO insists with bats; claims no evidence to suggest coronavirus was manipulated in Chinese lab

The World Health Organization (WHO) said on Tuesday that all available evidence suggests that the novel coronavirus originated in bats in China late last year and it was not manipulated or constructed in a lab.
Wednesday, April 22nd 2020 - 08:45 UTC
Netflix booming and with soaring profits thanks to global lockdown

Netflix on Tuesday reported soaring profits as paid subscriptions surged by almost 16 million at the streaming television service during lockdowns to slow the spread of the coronavirus pandemic.
Wednesday, April 22nd 2020 - 08:35 UTC
Immigration green card seekers face 60 days suspension, “to protect US jobs”

President Donald Trump said on Tuesday he was suspending immigration for green-card seekers for 60 days, arguing the controversial move would protect US jobs.
Wednesday, April 22nd 2020 - 08:03 UTC
Wall Street markets tumble for a second straight session on Tuesday

Wall Street stocks tumbled for a second straight session on Tuesday as worries about the chaos in the oil market overshadowed progress in Washington on additional relief for small businesses.