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Investors Say Reopening US Economy Early Could Cause More Harm Than Good To Humans And Markets

Despite clear signals that the coronavirus pandemic is spreading across the United States, the desire of the US President Donald Trump to reopen the economy could be bad for the economy, said investors, with the death rate due to the virus going up and Americans still unwilling to go out because of...

$2 Billion In Funds Added By World Bank For Its Members Bit By Coronavirus

The amount of money that the World Bank has set aside for fast-track financing available to members to respond to the global coronavirus pandemic has been augmented by another $2 billion with the total amount now at $14 billion. The bank had announced the initial package on March 3.   ...

Growing Coronavirus Contagion Puts Travel Industry Under Siege

Travel companies across the Pacific sounded alarm because of the economic fall out of the spread of the coronavirus with profit warnings being issued by Australian travel firms and capacity slashing by Japanese carriers. On the other hand, airlines in the United States are rushing to curt flights...

Record Drop In Auto Sale In China For February, Industry Calls For Aid From Government

There was a 79 per cent year on year plunge in the sale of new auto and vehicles in China – the largest auto market of the world, in the month of February – the month that saw the strictest curbs in the country on travel and movement and on production because of the spread of the deadly...

Industry Group Estimates Loss Of $820Bn In Revenue From Business Travel Due To Coronavirus

A spade of travel bans, cancellation of flights and dramatic reduction in tourists, coupled with curbs in corporate travel plans because of the spread of the coronavirus epidemic throughout the world is expected to hit the global business travel sector to hit hard for the current year with an...

Coronavirus Continues To Be A Cause Of Concern For Traders Of Stock Markets

The broader economic fall out of the coronavirus have kept investors worried which has resulted in sharp fall in the global stock markets.   There was a 3 per cent drop in London's FTSE 100 share index as well as similar falls in the other stock markets in Europe. Investors in the United...

Masitinib: could this be the next MS market blockbuster?

AB Science announced positive results of a phase 3 clinical trial of masitinib in the treatment of progressive forms of multiple sclerosis (MS). Findings could be the precursor to a blockbuster outstripping the success of medications like Roche’s Ocrevus (ocrelizumab). What is it about masitinib...

Chinese Stock Market Wiped Of $393 Billion Over Virus Fears

The first day of trade at the Chinese stock exchange after the Lunar New Year saw investors erasing about $393 billion from the country’s benchmark stock index as they sold the yaun and commodity stocks over fears of the spreading coronavirus and the economic impact it could have.   The...

Oracle To Use Its Geographical Reach To Rival Amazon, Microsoft In Cloud Computing

The global cloud computing industry segment is turning out to be a hardly fought turf, a Oracle Inc now gets ready to offer competition to the market leaders Amazon.com and Microsoft Corp. Oracle said that it aims to set up new cloud computing data centers by the end of 2020 and the company has...

Major Social Media Platforms To Prevent Coronavirus Misinformation

There has been a surge in the claims about purported "cures" and other unproven theories surrounding the coronavirus on social media and as such, Facebook has said that it will start to take down such bogus claims. This is in light of the spreading coronavirus globally which has sparked an increase...

Tesla’s Market Value Pushes Musk Closer To $346 Million Pay

After the United States based electric car maker Tesla’s stock market valuation increase by than 200 per cent in the last three months, the founder and CEO of the company Elon Musk is inching closer to claim the first $346 million trove of options in a record-breaking pay package.   With a 9...

Former Nissan Boss Carlos Ghosn Targets Japanese Legal System

The former Nissan chief Carlos Ghosn who had fled Japan last month spoke out against the Japanese legal system and his former company of plotting a coup against him that led to his arrest during his first public appearance since he fled Japan clandestinely.    Ghosn told reported that...
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