A vaccine will be too late for the current virus but the breakthrough will be crucial if there is another outbreak LONDON (Reuters) – Oil prices jumped by more than 3% on Wednesday on reports that scientists have developed an effective drug against the fast-spreading coronavirus that has weighed heavily on global economic activity. News …
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Saudi Arabia is reportedly pushing for a major short-term output cut. Representatives of OPEC and its allies, known as OPEC+, are meeting to discuss possible scenarios for how to respond to ebbing demand from China, the world’s largest oil consumer and the epicentre of the coronavirus outbreak. Saudi Arabia, the kingpin of Organization of Petroleum …
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The American Petroleum Institute (API) Reported a crude inventory build of 4.18 million barrels for the week ending January 31, compared to analyst expectations of a 2.8-million-barrel build in inventory. Last week saw a drop in crude oil inventories of 4.27 million barrels, according to API data. The EIA’s report (which happens often) showed a …
A leading Apple analyst slashed his first-quarter iPhone sales projections by 10 percent A TOP tech analyst has predicted that Apple could be hit hard by the coronavirus outbreak, slashing his estimate for iPhone sales in the first quarter. Ming-Chi Kuo, known by some as the world’s leading Apple expert, said in an investor note …
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(Reuters) – Companies around the world have warned that a coronavirus outbreak in China could disrupt supply chains or hurt bottom lines as factories and shops shut and airlines suspend flights. FINANCIAL IMPACT: ** Apple (AAPL.O) gave a wider-than-usual revenue outlook range for the March quarter to factor in uncertainty. Apple, which has suppliers in …
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Trade officials on both sides are likely to drag the Brexit deal past 2020 as contentious issues like tariff reductions and services negotiations will not be resolved so easily, says Deborah Elms, executive director of the Asian Trade Centre. Nick Note: I can prove to you the world is FULL of the dumbest stupid assholes …
Continue reading “UK-EU divergence is at odds with supposed Canada-style deal”
Oil prices have slid to 13-month lows as fears of coronavirus outbreak rise. Azlin Ahmad of Argus Media says that OPEC needs to make a “big announcement” if it wants to push prices back up. Nick Note: That is EXACTLY what i think they will do and that is why we are buying the shit …
RIVERSIDE — Three large tents were erected on the tarmac of March Air Reserve Base — where 195 coronavirus evacuees remained under federal quarantine orders — as a precaution in case additional planes carrying passengers who need medical screening are unexpectedly rerouted to the base, officials said Sunday. The tents were set up to meet …
he lays out terms for Canada-style agreement today Prime Minister will tell EU leaders he wants a Canada-style free trade agreement Boris Johnson will say he would rather accept trade tariffs than EU rules His speech comes as the EU will also unveil its guidelines for Brexit talks Boris Johnson will today rule out accepting …
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BEIJING/SHANGHAI (Reuters) – China accused the United States on Monday of whipping up panic over a fast-spreading coronavirus with travel restrictions and evacuations as Chinese stocks plunged on the first day back from the extended Lunar New Year holiday. The death toll in China from the newly identified virus, which emerged in Wuhan, capital of …
Continue reading “U.S. whipping up panic over virus, China says, as Pakistan resumes flights”