Business – Page 219 – THE OVAL CIRCLE

Cash-strapped global airlines seek billions in government bailouts to survive

Posted on March 17, 2020March 17, 2020By Editor

The airline industry is in crisis because of the coronavirus pandemic. The Italian government announced on Tuesday it plans to re-nationalize the bankrupt Alitalia airline under an emergency economic rescue plan. … Read More >Cash-strapped global airlines seek billions in government bailouts to survive

Business

‘We’re headed for the worst financial crisis of our lifetimes’ – Jim Rogers

Posted on March 17, 2020March 17, 2020By Editor

Governments worldwide are trying to stop the spread of the Covid-19 virus, which now threatens the global economy. RT talked to legendary investor Jim Rogers about the financial consequences of the outbreak. … Read More >‘We’re headed for the worst financial crisis of our lifetimes’ – Jim Rogers

Business

US stocks crash as Fed action fails to calm market panic

Posted on March 16, 2020March 16, 2020By Editor

Trading on Wall Street was halted on Monday after stocks had plunged immediately after the opening bell, despite the promise by the US Federal Reserve to provide more stimulus. The sell-off continued after trading resumed. … Read More >US stocks crash as Fed action fails to calm market panic

Business

‘Sell US Dollars’: Morgan Stanley’s Advice to Investors Amid Wall Street Panic

Posted on March 16, 2020March 16, 2020By Editor

Morgan Stanley is recommending that investors sell the US dollar as financial markets have taken an economic hit from the coronavirus-induced worries. … Read More >‘Sell US Dollars’: Morgan Stanley’s Advice to Investors Amid Wall Street Panic

Business

Russia to launch $4 BILLION anti-crisis fund to stabilize economy

Posted on March 16, 2020June 15, 2020By Editor

Russian Prime Minister Mikhail Mishustin announced on Monday the establishment of a 300-billion-ruble anti-crisis fund in order to support the country’s economic sectors and citizens amid the global coronavirus pandemic. … Read More >Russia to launch $4 BILLION anti-crisis fund to stabilize economy

Business

Global stock markets plunge despite drastic action by governments as coronavirus paralyses economies

Posted on March 16, 2020March 16, 2020By Editor

World equities continued to fall on Monday, even as the US Federal Reserve slashes rates to zero and launches a massive quantitative easing program to try to offset the coronavirus impact on the global economy. … Read More >Global stock markets plunge despite drastic action by governments as coronavirus paralyses economies

Business

France hits Apple with record €1.1 BILLION fine for monopoly practices

Posted on March 16, 2020March 16, 2020By Editor

France’s national competition regulator announced on Monday it has fined American tech giant Apple a record €1.1 billion ($1.23bn) for anti-competitive practices after nearly a decade of investigations. … Read More >France hits Apple with record €1.1 BILLION fine for monopoly practices

Business

Will Trump bail US shale out?

Posted on March 15, 2020March 15, 2020By Editor

The White House is considering a rescue package for the US shale industry, although the idea is getting pushback from so many sides that it faces challenging odds of passing into law. … Read More >Will Trump bail US shale out?

Business

Nike closes all stores in N. America, W. Europe & Australia/NZ due to coronavirus crisis

Posted on March 15, 2020March 15, 2020By Editor

US sportswear giant Nike says it will shut down all retail stores in North America, Europe, Australia and New Zealand, to do its part in stopping the Covid-19 pandemic. Stores in China, Japan and South Korea will remain open. … Read More >Nike closes all stores in N. America, W. Europe & Australia/NZ due to coronavirus crisis

Business

Oil price crash: 50% of US shale could go bankrupt

Posted on March 14, 2020March 14, 2020By Editor

Global demand fears and a new supply crisis have triggered the sharpest decline in oil prices in decades and US shale drillers could become the first victim. … Read More >Oil price crash: 50% of US shale could go bankrupt

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