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Americans enjoying lockdown complemented by generous benefits

Americans enjoying lockdown complemented by generous benefits

Scholars have proven that if someone is involved in a certain activity for 21 days, this is sure to become a new habit. The shutdown in the US economy confirms the case. If a person stays home for a few weeks, his/her lifestyle shifts to a completely new level. Recent polls revealed a new trend in the mindset of Americans.
15:38 2020-06-05 UTC+00
China again resorts to good old currency devaluation

China again resorts to good old currency devaluation

China gladly employs all available stimulus tools to shore up the crisis-stricken economy. The People’s Bank of China has nothing against the time-proven technique of currency manipulations. The pandemic crippled the second largest global economy. Moreover, COVID-19 dealt a blow to China’s political ambitions. So, Beijing believes that tough measures are quite appropriate.
14:03 2020-06-05 UTC+00
Russians' frantically withdraw cash from their bank accounts

Russians' frantically withdraw cash from their bank accounts

The coronavirus outbreak has rocketed the Russian economy. Notably, even before the outbreak, Russia's economy was trying hard to lick wounds left by sanctions and oil market turmoil. Russians who were well aware of what was coming did not wait for a full-blown crisis and rushed to the banks.
07:29 2020-06-05 UTC+00
Yuan unexpectedly slumps

Yuan unexpectedly slumps

Donald Trump is accused of participation in the manipulations with the yuan. The fact is that the US president has several times blamed China for manipulating its national currency and allowing it to fall to its lowest levels. However, it looks like the US president’s rhetoric causes the yuan depreciation.
07:20 2020-06-05 UTC+00
Corona crisis threatens dollar’s dominance

Corona crisis threatens dollar’s dominance

The raging COVID-19 pandemic not only challenges the ability of countries to contain the virus but also tests the international financial system and its dominant currency - the US dollar. As for the United States, it seems that the virus outbreak has only strengthened the “America First” stance supported by Donald Trump. The US is no longer willing to help the rest of the world.
19:01 2020-06-04 UTC+00
Volunteers rescue farm animals amid crisis in US food industry

Volunteers rescue farm animals amid crisis in US food industry

During the COVID-19 pandemic, US farmers encountered a crisis in the food industry. They were caught off-guard being unable to sell large quantities of agricultural produce and livestock amid low demand. To make things worse, this is not the only trouble. They cannot keep the growing number of the poultry and cattle. The pork industry has been hit especially hard.
15:38 2020-06-04 UTC+00
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