(Bloomberg) — Hundreds of National Guard personnel are being activated in Iowa as coronavirus sweeps through meat-processing plants in a state that accounts for about a third of U.S. pork supply. Iowa Governor Kim Reynolds said 250 National Guard members have been moved to full-time federal duty status and could help with testing and contact …
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https://youtu.be/3SRQlUm_AP4 NEW YORK (Reuters) – U.S. crude oil futures collapsed below $0 on Monday for the first time in history, amid a coronavirus-induced supply glut, ending the day at a stunning minus $37.63 a barrel as desperate traders paid to get rid of oil. Brent crude, the international benchmark, also slumped, but that contract was …
West Texas Intermediate futures continued to slide on Monday, falling over 25% as fears of a supply glut took hold of investors. The global coronavirus pandemic devastated demand, while prices suffered additional losses amid the Saudi-Russia month-long price war. The OPEC+ agreement to cut production by a record 10 million barrels per day, equivalent to …
https://youtu.be/xYfzyh0HwMU Everything we thought we knew about the beginnings of the coronavirus pandemic could be wrong. A bombshell report by scientists from the University of Cambridge has cast doubt on previous beliefs about when and where Covid-19 first broke out. While coronavirus was previously believed to have originated in a wet market in Wuhan at …
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US President Donald Trump gave governors a road map on Thursday for recovering from the economic pain of the coronavirus pandemic, laying out “a phased and deliberate approach” to restoring normal activity in places that have strong testing and are seeing a decrease in COVID-19 cases. “We’re starting our life again,” Trump said during his …
Continue reading “Pressure Enormous on Politicians to Reopen the Economy”
United States stocks extended gains in premarket trading on Friday with the Dow Jones soaring over 800 points as coronavirus fears eased. US President Donald Trump claimed the peak of the outbreak in the country has passed and issued guidelines for gradually reopening the economy. Meanwhile, reports said Gilead’s Remdesivir drug showed effectiveness in treating …
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(Bloomberg) — The Trump administration is considering paying U.S. oil producers to leave crude in the ground to help alleviate a glut that has caused prices to plummet and pushed some drillers into bankruptcy. The Energy Department has drafted a plan to compensate companies for sitting on as much as 365 million barrels worth of …
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Global Covid-19 cases over 2 million as Putin warns Russia faces ‘extraordinary’ crisis Russian president suggests army could be drafted in as China also sounds alarm at cross-border cases. Putin Warned “We have a lot of problems, we don’t have anything especially to brag about and we definitely mustn’t relax,” he added. He told …
Continue reading “Russia’s COVID-19 infections jump by 3,448”