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Archive

World

Monday, March 30, 2020

Norway's wealth fund has lost $125 billion this year
World

Norway's wealth fund has lost $125 billion this year

Norway's sovereign wealth fund, the world's biggest, has lost 1.33 trillion kroner ($125 billion) since the start of 2020 as markets collapse under the COVID-19 pandemic, its management said Thursday.
Published 30 Mar, 2020 12:00am
International tourism to plunge up to 30 percent: UN
World

International tourism to plunge up to 30 percent: UN

International travel will likely fall by 20-30 percent in 2020 due to the novel coronavirus pandemic, putting millions of jobs in the global tourism sector at risk, the World Tourism Organization said Friday.
Published 30 Mar, 2020 12:00am
Lufthansa puts 31,000 on shorter hours until September
World

Lufthansa puts 31,000 on shorter hours until September

German airline giant Lufthansa said Friday it would apply for government aid to place 31,000 workers on shorter hours until September, with carriers worldwide among the companies hardest hit by the coronavirus crisis.
Published 30 Mar, 2020 12:00am
Austria economy to shrink in 2020
World

Austria economy to shrink in 2020

Austria's economy is predicted to shrink at least 2.5 percent in 2020 if strict movement restrictions to fight the new coronavirus spread are lifted step-by-step by the end of April, economists said Thursday.
Published 30 Mar, 2020 12:00am
What happens after the coronavirus peaks?
World

What happens after the coronavirus peaks?

Like a giant tidal wave, the COVID-19 pandemic is battering the health systems of several European countries, leaving experts scrambling to know when it will reach its peak.
Published 30 Mar, 2020 12:00am
China's virus strategy: a model for the world?
World

China's virus strategy: a model for the world?

The head of the World Health Organization believes China's battle with the coronavirus offers a beacon of hope, but others question whether Beijing's strategy can be followed by other countries - particularly Western democracies.
Published 30 Mar, 2020 12:00am
Walmart ups minimum wage in e-commerce warehouses by $2
World

Walmart ups minimum wage in e-commerce warehouses by $2

Walmart Inc said on Monday it has temporarily raised entry wages for workers in its e-commerce warehouses by $2, following similar moves by rivals, as it attempts to manage a shopping surge brought about by the coronavirus outbreak.
Published 30 Mar, 2020 12:00am
Qantas secures $628 million against aircraft fleet
World

Qantas secures $628 million against aircraft fleet

Qantas Airways Ltd said on Wednesday it had secured A$1.05 billion ($628 million) of funding against its aircraft fleet to help strengthen its financial position as it grapples with a plunge in demand due to the coronavirus pandemic.
Published 30 Mar, 2020 12:00am
Partisan divide returns in US Congress on coronavirus next steps
World

Partisan divide returns in US Congress on coronavirus next steps

Fresh partisan divisions flared on Sunday on the next steps for the US Congress in dealing with the coronavirus crisis, with the top House of Representatives Republican casting doubt on the need for more economic stimulus legislation while House Speaker N
Published 30 Mar, 2020 12:00am
UK companies worried about outlook even before lockdown: CBI
World

UK companies worried about outlook even before lockdown: CBI

British companies in key sectors were already bracing for the biggest hit to business since 2009 even before last week's shutdown of the much of the economy as the government moved to slow the spread of coronavirus, an employers' group said.
Published 30 Mar, 2020 12:00am
China's Sinopec cuts 2020 capital spending by 2.5 percent
World

China's Sinopec cuts 2020 capital spending by 2.5 percent

Asia's top refiner China Petroleum & Chemical Corp, or Sinopec, will trim capital expenditures in 2020 by 2.5% from a year earlier amid plunging oil prices and tepid fuel demand caused by the coronavirus outbreak.
Published 30 Mar, 2020 12:00am
Mali votes despite coronavirus and security fears
World

Mali votes despite coronavirus and security fears

Malians voted in a long-delayed parliamentary election on Sunday, barely a day after the country recorded its first coronavirus death and with the leading opposition figure kidnapped and believed to be in the hands of jihadists.
Published 30 Mar, 2020 12:00am
Syria declares first death
World

Syria declares first death

A woman in Syria died on Sunday of the novel coronavirus, the health ministry said, marking the country's first officially declared death from COVID-19. "The woman died as soon as she was admitted to hospital," the health ministry said in a statement carr
Published 30 Mar, 2020 12:00am
Bolivia reports first death
World

Bolivia reports first death

A 78-year-old woman on Sunday became the first person to die of the new coronavirus in Bolivia, which has reported 81 confirmed cases, the government announced. Health Minister Anibal Cruz told reporters the woman, who was hospitalized in the department o
Published 30 Mar, 2020 12:00am
China defends against incoming second wave of coronavirus
World

China defends against incoming second wave of coronavirus

A growing number of imported coronavirus cases in China risked fanning a second wave of infections when domestic transmissions had "basically been stopped", a senior health official said on Sunday, while eased travel curbs may also add to domestic risks.
Published 30 Mar, 2020 12:00am
Bracing for the worst from US earnings in a pandemic
World

Bracing for the worst from US earnings in a pandemic

Investors are desperate for clarity on US corporate profits as the coronavirus pandemic has forced them to lower expectations ahead of the first-quarter reporting period starting in mid-April. US companies increasingly are withdrawing guidance while warni
Published 30 Mar, 2020 12:00am