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Trump stops Europe flights, China says coronavirus could end by June

03/12/2020 Comments Off on Trump stops Europe flights, China says coronavirus could end by June

BEIJING/WASHINGTON (Reuters) – Travelers scrambled to rebook flights and markets reeled on Thursday after U.S. President Donald Trump imposed sweeping restrictions on travel from Europe, hitting battered airlines and heightening

World News

Crocodile makes lunge at group of children in horror riverbank attack

03/12/2020 Comments Off on Crocodile makes lunge at group of children in horror riverbank attack

A crazed crocodile was pictured lunging at a group of children who ran away screaming in terror. The group were seen gathering at a boating ramp in Aurukun, Far North

World News

EU crisis: Italy tipped to leave eurozone amid coronavirus panic

03/12/2020 Comments Off on EU crisis: Italy tipped to leave eurozone amid coronavirus panic

The eurozone economy of 19 EU countries barely grew at all in the final quarter of last year. An official estimate put economic growth in the region at 0.1 percent

World News

INSIGHT-Starved of dollars and drowning in debt, Lebanon's economy sinks fast

03/12/2020 Comments Off on INSIGHT-Starved of dollars and drowning in debt, Lebanon's economy sinks fast

* More than 220,000 jobs shed since October – survey * Hundreds of businesses countrywide shutting down * Importers of critical goods losing access to dollars * Prices rising as

Economy

Say goodbye to high interest rates on savings accounts as lenders cut rates

03/12/2020 Comments Off on Say goodbye to high interest rates on savings accounts as lenders cut rates

An interest rate of 3.3 per cent may not seem like much to Canadians who remember the era when rates reached into the double digits. But when Laurentian Bank’s high-interest

World News

Australia injects $11.4 billion coronavirus stimulus, extends travel restrictions

03/12/2020 Comments Off on Australia injects $11.4 billion coronavirus stimulus, extends travel restrictions

SYDNEY (Reuters) – Australia’s government said it would pump A$17.6 billion ($11.4 billion) into the economy to try to stop the coronavirus outbreak triggering a recession, as it weighed an

World News

DBS expects further revenue hit as coronavirus sours loans

03/12/2020 Comments Off on DBS expects further revenue hit as coronavirus sours loans

SINGAPORE (BLOOMBERG) -DBS Group Holdings signalled that its expected 2 per cent revenue hit from the coronavirus may be revised as the pandemic causes loans to sour. “This is a moving

Business

China says coronavirus peak has passed as epicenter logs single-digit new cases

03/12/2020 Comments Off on China says coronavirus peak has passed as epicenter logs single-digit new cases

BEIJING/SHANGHAI (Reuters) – China’s coronavirus epidemic has passed its peak, its top health commission said on Thursday, as it logged just eight new infections in Hubei province, the first time

World News

China's February auto sales plunge 79%, biggest monthly drop ever

03/12/2020 Comments Off on China's February auto sales plunge 79%, biggest monthly drop ever

BEIJING (Reuters) – Auto sales in China plunged 79% in February, marking their biggest ever monthly decline, with demand pummeled by the coronavirus outbreak. Sales in the world’s biggest auto

Business

Sell signal: Trump's shallow virus plan blows floor out of markets

03/12/2020 Comments Off on Sell signal: Trump's shallow virus plan blows floor out of markets

SINGAPORE, March 12 (Reuters) – All global investors got from U.S. President Donald Trump’s coronavirus package were a shock travel ban on Europe and a flashing signal to sell, and

Economy

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