Tag: pandemic

• Thursday, May 7th 2020 - 07:34 UTC

  Brazil lowers interest rates to a record low 3%, with suggestions of a similar cut in June

  

  Brazil’s central bank slashed interest rates more than expected on Wednesday, cutting its benchmark Selic rate by 75 basis points to a record-low 3.00% and previewing another cut as it battles an economic crisis fueled by the coronavirus pandemic.

• Wednesday, May 6th 2020 - 09:44 UTC

  IATA contrary to leaving aircraft middle seats empty: suggests wearing masks

  

  The body representing global airlines came out against leaving middle seats empty on aircraft on Tuesday, as debate intensifies over how to get airlines flying while respecting social-distancing rules in the wake of the coronavirus crisis.

• Wednesday, May 6th 2020 - 07:00 UTC

  British new car sales slumped to its lowest level since February 1946

  

  British new car sales slumped by an annual 97% in April to the lowest level of any month since February 1946 as factories and dealerships shut due to the coronavirus outbreak.

• Tuesday, May 5th 2020 - 07:02 UTC

  Half of the world's workers in danger of losing livelihoods, ILO report

  

  Half of the world's workers are in danger of having their livelihoods destroyed by the coronavirus pandemic, a United Nations agency has warned. The International Labour Organisation's updated analysis emphasizes its severe impact on people in informal work.

• Tuesday, May 5th 2020 - 06:46 UTC

  Dramatic boom of flour sales by lockdown baking

  

  A mill is producing a month's worth of flour every week to keep up with demand during the coronavirus pandemic. Supermarket shelves have been stripped of flour by shoppers either panic-buying or taking to lockdown baking.

• Tuesday, May 5th 2020 - 06:44 UTC

  A quarter of UK employees furloughed, and companies claiming £8 billion to pay wages

  

  Around a quarter of employees in Britain have been furloughed and companies have claimed £8 billion from the government to sustain their wage bills during the coronavirus lockdown, tax authorities said on Monday.

• Tuesday, May 5th 2020 - 06:18 UTC

  Israel research lab isolates coronavirus antibody: “a significant breakthrough”

  

  Israel has isolated a key coronavirus antibody at its main biological research laboratory, the Israeli defense minister said on Monday, calling the step a “significant breakthrough” toward a possible treatment for the COVID-19 pandemic.

• Monday, May 4th 2020 - 07:32 UTC

  Press Freedom provides the antidote for the pandemic of misinformation

  

  Journalists and media workers are crucial in helping us make informed decisions. As the world fights the COVID-19 pandemic, those decisions can make the difference between life and death.

• Saturday, May 2nd 2020 - 07:20 UTC

  Shell announced it was cutting its dividend for the first time since World War Two

  

  Royal Dutch Shell cut its dividend for the first time since World War Two on Thursday as the energy company retrenched in the face of an unprecedented drop in oil demand due to the coronavirus pandemic.

• Thursday, April 30th 2020 - 08:30 UTC

  Chinese factory activity slows down as demand remains sluggish

  

  Chinese factory activity grew at a slower pace in April as demand remained sluggish while the world grapples with the COVID-19 pandemic, according to official data released on Thursday.