UN chief on the impact of COVID-19 on Africa

Statement by United Nations Secretary-General António Guterres on the launch of United Nations Policy Brief on the Impact of COVID-19 on Africa. As COVID-19 spreads across the continent, Africa has responded swiftly to the pandemic, and as of now reported cases are lower than feared. Even so, much hangs in the balance. In recent years … Read more UN chief on the impact of COVID-19 on Africa

Trump Announces a $19 Billion Bailout for Ailing Farmers

President Donald Trump announced a $19 billion bailout package for farmers hurt financially by the coronavirus crisis. The aid plan includes $16 billion in direct payments to farmers to boost their incomes, along with $3 billion in government purchases of meat, dairy products and other foods, the president said Friday at a White House briefing. … Read more Trump Announces a $19 Billion Bailout for Ailing Farmers

Syria: ‘Violence continues with risk of escalation’, Special Envoy Syria – Security Council Briefing

UN Special Envoy for Syria Geir Pedersen reported that violence continues across the country with a constant risk of escalation “which could unravel existing arrangement” and said, “We must at all costs avoid reversion to the all-out fighting and abuses and violations we have seen before.” Briefing a virtual meeting of the Security Council today … Read more Syria: ‘Violence continues with risk of escalation’, Special Envoy Syria – Security Council Briefing

Brent Crude to Stay in $30 Range in 3Q, Goldman Sachs Says

May.12 — Brent oil is likely to remain in the $30 a barrel range in the third quarter, and rise to the $40 range in the fourth quarter, as storage draws down, according to Jeff Currie, global head of commodities research at Goldman Sachs. He also comments on the outlook for gold in an interview … Read more Brent Crude to Stay in $30 Range in 3Q, Goldman Sachs Says

Keiser Report | Anatomy of a Fiat Currency Collapse | E1533

Check Keiser Report website for more: http://www.maxkeiser.com/ In this episode of Keiser Report, Max and Stacy look at the ghoul of financialization, Larry Summers who is being brought in as an economic adviser to Joe Biden. They take a look at Summers’ role in ending Glass Steagall and introducing the Commodities Futures Modernization Act which … Read more Keiser Report | Anatomy of a Fiat Currency Collapse | E1533

Goldman’s Currie Expects ‘Very Violent’ Rebalancing Process in Oil

Goldman Sachs’ head of commodities, Jeff Currie, expects there to be a “very violent” reballancing process in oil, after prices went briefly negative during the global downturn in demand for the novel coronavirus outbreak. Apr.27 — Jeff Currie, global head of commodities at Goldman Sachs, expects “big spikes” to the downside in oil prices. He … Read more Goldman’s Currie Expects ‘Very Violent’ Rebalancing Process in Oil

Keiser Report | The Everything Bubble Turns (Almost) Everything Bailout | E1531

Check Keiser Report website for more: http://www.maxkeiser.com/ In this episode of the Keiser Report, Max and Stacy look at how the ‘everything bubble,’ which has ballooned since the Fed began printing money with reckless abandon after the last crash, has become the almost everything bailout as cronies and insiders receive trillions in credit from the … Read more Keiser Report | The Everything Bubble Turns (Almost) Everything Bailout | E1531

The trouble with plunging oil prices

As oil being one of the world’s key commodities, the coronavirus pandemic has however brought the fuel industry to its knees. On Monday, oil prices plunged into the negative territory. This meant that producers ended up paying buyers more than 30 U.S. dollars a barrel to get oil off their hands. Oil prices had an … Read more The trouble with plunging oil prices

Why did US oil prices hit negative territory? I Inside Story

It’s one of the world’s most valued commodities. But coronavirus lockdowns have overturned the dominance of oil. The worth of a barrel of U.S. oil fell to less than nothing on Monday That’s the first time in history, that the price has turned negative. This means producers ended up paying buyers more than $30 a … Read more Why did US oil prices hit negative territory? I Inside Story