By Ritu, Capital Sands The Euro zone economy contracted at a record rate and by more than expected in the first three months of the year and inflation slowed sharply as much economic activity in March came to a halt because of the COVID-19 pandemic, data showed on Thursday. According to a preliminary flash estimate …
By Administrator_India Capital Sands U.S. deaths from the novel coronavirus topped 60,000 on Wednesday and the outbreak will soon be deadlier than any flu season since 1967. America’s worst flu season in recent years was in 2017-2018 when more than 61,000 people died, according to the U.S. Centers for Disease Control and Preventihere. The only …
By Ritu, Capital Sands Prime Minister Shinzo Abe said on Wednesday that the Tokyo Olympics could not take place next year unless the coronavirus pandemic is contained, as the city’s governor requested an extension of Japan’s state of emergency. The International Olympic Committee and the Japanese government last month postponed the Games until July 2021 …
By Administrator_India Capital Sands The U.S. coronavirus death toll reached a grim milestone on Tuesday, surpassing the number of American lives lost in the Vietnam War, as Florida’s governor met with President Donald Trump to discuss easing shutdowns aimed at curbing the pandemic. Florida Governor Ron DeSantis is weighing whether to join other states moving …
By Administrator_India Capital Sands Asian shares and U.S. stock futures dipped into the red on Tuesday, erasing earlier gains as a renewed decline in oil prices overshadowed optimism about the easing of coronavirus-related restrictions seen globally. MSCI’s broadest index of Asia-Pacific shares outside Japan was down 0.3%. Shares in China fell 0.7% and South Korean …
By Administrator_India Capital Sands Prime Minister Boris Johnson faces the biggest conundrum of his premiership as he recuperates from COVID-19: how to lift a lockdown that is destroying swathes of the British economy without triggering a deadly second wave of the outbreak. Johnson, 55, is on the mend at his country residence after spending three …
By Administrator_India Capital Sands Asian shares and U.S. stock futures fell on Friday, spurred by doubts about progress in the development of drugs to treat COVID-19 and new evidence of U.S. economic damage caused by the coronavirus pandemic. MSCI’s broadest index of Asia-Pacific shares outside Japan was down 0.4%. U.S. stock futures, the S&P 500 …
By Administrator_India Capital Sands A record 26 million Americans likely sought unemployment benefits over the last five weeks, confirming that all the jobs created during the longest employment boom in U.S. history were wiped out in about a month as the novel coronavirus savages the economy. Thursday’s weekly jobless claims report from the Labor Department …
By Administrator_India Capital Sands India’s crude processing in March fell 5.7% from a year earlier, its biggest drop since September, as the coronavirus crisis and travel restrictions to curb its spread dented fuel demand and forced refineries to cut output. Refiners processed about 21.20 million tonnes, or 5.01 million barrels per day (bpd), of oil …
By Ritu, Capital Sands Softbank Group-backed OYO Hotels and Homes has cut the salaries of all employees by 25% for four months starting April and also sent some of its people on leave with limited benefits, according to an internal memo seen by Reuters. The move comes soon after OYO furloughed thousands of its international …
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