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China’s central bank introduces measures to stabilize yuan

China’s central bank introduces measures to stabilize yuan

The Chinese authorities take steps to support the yuan. The local central bank has already established the yuan exchange rate at a higher level in order to stabilize the national currency. According to experts, this is the first measure in a series of efforts to revive the renminbi after the recent weakness. The yuan fixing was set at 7.
12:22 2020-04-02 UTC+00
Trump considers intervening in Saudi-Russia price war

Trump considers intervening in Saudi-Russia price war

In early March,  Russia rejected a proposal by OPEC to introduce additional output cuts. As a result, a three-year pact between OPEC and Russia came to an end. In response to this unexpected move, Saudi Arabia slashed its oil prices, thus launching a price war. Moreover, Riyadh said it would considerably raise its daily crude output starting from April.
09:41 2020-04-02 UTC+00
Ruble falls after Putin addresses nation

Ruble falls after Putin addresses nation

Russian President Vladimir Putin failed to support the ruble. The national currency continued to slide despite the president's direct appeal to the nation. The head of the state announced a series of emergency measures to limit health and economic impact of the coronavirus spread in the country.
07:41 2020-04-02 UTC+00
COVID-19 and huge public debt are America's two main threats

COVID-19 and huge public debt are America's two main threats

The spread of the coronavirus is another issue the US has faced along with a massive public debt, domestic problems, and the preparation for the election 2020. The COVID-19 outbreak is a serious test for all humanity. The global economy can suffer the most from the negative impact of COVID-19. Moreover, it will take a lot of time and resources for the economy to recover.
12:26 2020-04-01 UTC+00
US can achieve progress in combating COVID-19 by late April

US can achieve progress in combating COVID-19 by late April

COVID-19 is spreading rapidly across the globe. Considerable efforts of international governments are required in order to curb the expansion of the virus. Leaders of all nations wish the pandemic to end as soon as possible. The rapid spread of COVID-19 is a matter of concern to US President Donald Trump.
12:12 2020-04-01 UTC+00
US suffering from corona crisis

US suffering from corona crisis

The US has also joined the battle against coronavirus. Emergency measures include implementation of a curfew and quarantine. Only pharmacies and grocery stores are open. Restaurants, bars, and cafes are closed. They provide only food delivery service. While some industries are getting ready for recession, others may face severe contraction.
11:24 2020-04-01 UTC+00
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