India kicks off its fiscal year with revenues under severe strain. A prolonged slowdown in the economy depressed tax collections in the financial year that ended Tuesday, latest official data show. As India now conducts the world’s biggest lockdown, budget pressures are set to worsen. Finance Minister Nirmala Sitharaman has …
Read More »Coronavirus Live Updates: U.N. Chief Calls Pandemic World’s Biggest Test Since World War II
U.N. chief calls for global response to ‘unprecedented test’ of pandemic. The coronavirus pandemic is “an unprecedented test” unlike anything in the past 75 years, António Guterres, the secretary general of the United Nations, said on Wednesday. “Covid-19 is the greatest test that we have faced together since the formation …
Read More »Euro 2020 becomes biggest sporting event postponed due to coronavirus | Football
It was billed as a glorious festival of football across 12 European cities, from Bilbao to Baku, with a final played at Wembley Stadium in July. But on Tuesday the Euro 2020 football championships became the biggest major sporting event to be postponed due to the coronavirus crisis, reset for …
Read More »Here’s the Biggest Thing to Worry About With Coronavirus
The ability of the American health care system to absorb a shock — what experts call surge capacity — is much weaker than many believe. As a medical doctor who analyzes health issues for The Upshot, I strive to place your fears in context and usually tell you that you …
Read More »Oil Prices Jump 6% After Biggest One-Day Fall Since 1991
Singapore: Oil prices jumped more than 6 per cent on Tuesday, clawing back some ground on hopes that a price war by top producers Saudi Arabia and Russia that sparked the biggest daily rout since the 1991 Gulf War will not be sustained. U.S. shale producers also rushed to deepen …
Read More »Oil prices rise 4% after biggest one-day fall since 1991
SINGAPORE (Reuters) – Oil prices rose by more than $1 on Tuesday after a price war by top producers Saudi Arabia and Russia sparked the biggest daily rout since the 1991 Gulf War, but investors saw little chance of a quick price recovery as the coronavirus cuts demand. FILE PHOTO: …
Read More »Coronavirus: Italy reports biggest daily jump in death toll
Image copyright EPA Image caption Churches have been fumigated in Naples The death toll from the new coronavirus in Italy has risen to 197 after the largest daily increase in fatalities there since the outbreak began. Officials said 49 people had died in 24 hours, while more than 4,600 cases …
Read More »Italy coronavirus deaths near 200 after biggest daily jump
ROME (Reuters) – The death toll from an outbreak of coronavirus in Italy has risen by 49 to 197, the Civil Protection Agency said on Friday, the largest daily increase in fatalities since the contagion was uncovered two weeks ago. Mannequins wearing protective masks stand in a shop display window …
Read More »These stocks took the biggest hit after the Fed’s interest-rate cut sent markets reeling
Investors were disappointed with the Federal Reserve’s surprise interest-rate cut Tuesday, reversing the previous day’s massive rally to send U.S. stocks down sharply. The Dow Jones Industrial Average DJIA, -2.94% …
Read More »Millennials‘ favorite stock app Robinhood was offline for an entire day of trading, locking out users as the Dow Jones made its biggest point gain ever
Robinhood, the trading app popular with millennials, experienced a major outage on Monday that locked out iOS, Android, and web users for nearly the entire day of trading. The outage came just as the market rebounded from one of the worst weeks since the financial crisis. Robinhood users are furious …
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