London and New York stocks sank on Friday after US President Donald Trump lashed out at China over the coronavirus crisis, bringing back bad memories of a damaging standoff between both countries over trade.
The eurozone’s key equity markets were shut for a public holiday as were several exchanges in Asia.
Investor nerves were tested further by a weak bottom line for Amazon even after the retail giant’s revenues received a boost from online shopping under the coronavirus lockdown.
The company warned earnings in the second quarter would be entirely wiped out by expenses related to COVID-19.
“Global markets continue …
Ten years after sinking into its worst economic crisis in living memory, Greece once again faces the spectre of a grave recession in the midst of a global coronavirus lockdown.
Though the country has so far been spared the death toll of other European nations at fewer than 150 fatalities from COVID-19, it will not escape the resulting economic downturn, Prime Minister Kyriakos Mitsotakis warned this week.
“The consequences of this coronavirus attack will undoubtedly be dramatic,” he told parliament on Thursday.
“We know with certainty that (the recession) will be deep… we don’t know how long the health crisis …
Three people have tested positive for coronavirus at Cologne and will be placed into a 14-day quarantine, the Bundesliga club said Friday in a potential blow to hopes of restarting the German football season this month.
“Cologne had the entire team and coaching staff, along with the backroom staff, tested on Thursday for COVID-19. Three people tested positive, all are symptom free,” the club said in a statement on its website.
“After an assessment of the cases by the responsible health authorities, the three people who tested positive will go into a 14-day quarantine at home.
“Cologne will not confirm …
Canadian Prime Minister Justin Trudeau on Friday announced an immediate ban on military-grade assault weapons in response to the country’s deadliest-ever mass shooting, a rampage that left 22 people dead last month.
“These weapons were designed for one purpose, and one purpose only: to kill the largest number of people in the shortest amount of time,” Trudeau told a news briefing.
He said his government has approved a decree banning the sale, purchase, use, transport and import of 1,500 models of military-grade assault weapons and their variants.
“There is no use, and no place for such weapons in Canada,” Trudeau …
Riot police hit Hong Kong’s streets on Friday ahead of planned rallies by pro-democracy protesters who were looking to defy restrictions on gatherings during the coronavirus pandemic to voice anger against authoritarian Chinese rule.
The semi-autonomous financial hub was upended by seven months of violent protests last year, hammering its reputation for stability and leaving the city deeply divided.
Widespread arrests, the coronavirus pandemic and social distancing measures ushered in four months of comparative calm.
But small protests have bubbled up in the past week and activists are hoping to use May Day to muster numbers once more.
Pro-democracy unions …
A military report cited by AFP news agency said detainees at the Los Llanos prison on Friday staged “a disturbance of public order … resulting in 17 deaths and nine injuries”.
The army gave no reason for the upheaval, but a prisoners’ rights group and a legislator said the riot resulted from prison authorities banning prisoners’ relatives from bringing them food, as is customary in Venezuelan jails, as part of coronavirus containment efforts.
“The prisoners are upset
Players led by Alex Morgan had sued in March 2019, asking for more than $66m in damages under the Equal Pay Act and Title VII of the Civil Rights Act of 1964.
In a 32-page decision Friday, US District Judge R Gary Klausner handed out a victory to the US Soccer Federation by throwing out players’ claims that they were underpaid
The Arewa Youths Consultative Forum, AYCF, on Saturday accused Nnamdi Kanu, leader of the Indigenous People of Biafra, IPOB, of inciting crisis between the North and Southwest.
Recall that Kanu had alleged that the North would frustrate the Southwest presidential ambition.
In a broadcast on Radio Biafra, the IPOB leader had claimed that the North would mess up the presidential ambition of Bola Tinubu, National Leader of the All Progressives Congress, APC.
Kanu said North will “mess up” Tinubu’s presidential ambition like they did to former presidential
Secretary to the Government of the Federation (SGF), Boss Mustapha has disclosed that 3,000 health workers would be deployed to Kano state to help in the fight against COVID-19.
Mustapha, speaking at the presidential task force briefing on Friday, May 1, said the workers were put together by the United Nations.
On Friday, the Nigeria Center for Disease Control, NCDC, recorded three more COVID-19 deaths in Kano state.
The agency also confirmed 92 cases of Coronavirus in the state, bringing the total number of cases in Kano to 311.
The
US National Institute of Health on Wednesday said that an experimental drug, Remdesvir, has proved effective against the new Coronavirus disease.
US President, Donald Trump made the announcement on Friday at the White House alongside,Stephen Hahn, Food and Drug Administration Commissioner, (FDA), stating that the drug would be available for patients hospitalized with Coronavirus.
It was reported that
Unemployment America is bleak but in Stock Market America things are looking up. Taken together, this split reality portends a rough ride for the president’s re-election bid and even greater national discord. Donald Trump has every reason to worry.
First, Unemployment America. On Thursday, the labor department reported that another 3.8 million people filed first-time unemployment claims, bringing the total of those who are recently out of work to more than 30 million.
…
Nearly three weeks after North Korean leader Kim Jong Un’s no-show at a key event sparked rumours he was seriously ill or even dead, state media published photos Saturday showing him in public.
Kim’s conspicuous absence from the April 15 celebrations for the birthday of his grandfather, the North’s founder, sparked feverish speculation over his health and who would replace him at the helm of the nuclear-armed country.
It is not the first time Kim has disappeared from public view. In 2014, he dropped out of sight for nearly six weeks before reappearing with a cane. Days later, South Korea’s …
