Hong Kong’s Pro-Democracy Lawmakers Protest Against China’s New Security Law

There were scuffles during Hong Kong’s Legislative Council meeting as pro-democracy lawmakers protested against China’s new security law. Authorities in Beijing vowed to end what they called a “defenseless” posture due to “those trying to sow trouble.” Legislation slated for passage in the National People’s Congress in Beijing would help complete Hong Kong’s obligation to … Read more Hong Kong’s Pro-Democracy Lawmakers Protest Against China’s New Security Law

Hong Kong Activists Urge Protests Against New China Security Law

“We are going to lose our rule of law,” says Wu Chi-wai, a Hong Kong politician and the current chairman of Democratic Party, about China’s new security law on the city. Democracy advocates called for protests against sweeping national security legislation China introduced Friday, as authorities in Beijing vowed to end what they called a … Read more Hong Kong Activists Urge Protests Against New China Security Law

UK jobless claims jump to highest level since 1996

Jobless claims in the UK has jumped to its highest level since 1996. The Office for National Statistics said the number of claims rose by 69 percent from the previous month to 2.1 million in April. It says the rise would have been steeper if the government did not pay 80 percent of the salaries … Read more UK jobless claims jump to highest level since 1996

COVID-19: What is the outlook for American jobs and incomes?

With most commercial establishments closed and unemployment skyrocketing, the U.S. economy has shrunk by nearly 5 percent in the first quarter this year. It’s the deepest downturn in the world’s biggest economy since the 2008 global financial crisis. As the epidemic continues to undermine the economy, what is the outlook for American jobs and incomes? … Read more COVID-19: What is the outlook for American jobs and incomes?

How Mexico Could Make $6 Billion From Negative Oil Prices

Mexico is on track to cash in on a $6 billion windfall once its massive insurance program against low oil prices kicks in following a dramatic plunge in prices, President Andres Manuel Lopez Obrador said on Wednesday. For the past two decades, Mexico has locked in its oil revenue via put options it buys from … Read more How Mexico Could Make $6 Billion From Negative Oil Prices

Hong Kong Sees Highest Unemployment Rate in 10 Years, Extends Social Distancing Measures

Hong Kong’s jobless rate rose for a sixth straight month in March to the highest level since October 2010 as restrictions to control the coronavirus outbreak continue to pressure the city’s battered economy. The unemployment rate increased to 4.2% for the January-to-March period, higher than the median estimate of 4.0% among economists surveyed by Bloomberg. … Read more Hong Kong Sees Highest Unemployment Rate in 10 Years, Extends Social Distancing Measures

Martin Wolf: coronavirus could be worst economic crisis since Great Depression | FT

The FT’s chief economics commentator Martin Wolf examines the global economic impact and looks at the social and political consequences, comparing it with the Great Depression of the 1930s and the 2008 global financial crisis. See if you get the FT for free as a student (http://ft.com/schoolsarefree) or start a £1 trial: https://subs.ft.com/spa3_trial?segmentId=3d4ba81b-96bb-cef0-9ece-29efd6ef2132 ► Check … Read more Martin Wolf: coronavirus could be worst economic crisis since Great Depression | FT

The Great Lockdown projected to be worst recession since the Great Depression – IMF Briefing

Watch the full briefing: https://www.imf.org/en/News/Articles/2020/04/14/tr041420-transcript-of-april-2020-world-economic-outlook-press-briefing The International Monetary Fund (IMF)’s latest World Economic Outlook (WEO) sees the global economy faltering and forecasts negative global growth of minus three percent in 2020 because of the Covid-19 pandemic. Gita Gopinath, IMF’s Chief Economist said, “under the assumption that the pandemic and required containment peaks in the second … Read more The Great Lockdown projected to be worst recession since the Great Depression – IMF Briefing

WTO: International trade is forecast to fall up to 32%

The World Trade Organization (WTO) says international trade is forecast to fall 13 to 32 percent due to the coronavirus pandemic. The WTO says in a report that the drop would be worse than the 2008 global financial crisis. The wide range in its forecast is due to the pandemic’s unpredictable nature. And it remains … Read more WTO: International trade is forecast to fall up to 32%

WHO Says Countries Must Remove Financial Barriers to Coronavirus Health Care

The World Health Organization (WHO) and the International Monetary Fund (IMF) on Friday pledged to help countries struggling with the financial burden of dealing with the coronavirus pandemic, following the announcement that the number of confirmed cases passed 1 million. #Coronavirus #Covid19 #WHO Dr. Tedros Adhanom Ghebreyesus, Director-General of the World Health Organization, said the … Read more WHO Says Countries Must Remove Financial Barriers to Coronavirus Health Care

COVID 19: Bold Action can Curb the Economic Fallout

Empty streets, shuttered shops, overflowing hospitals. The entire world is at war with an invisible enemy – the novel coronavirus. With a vaccine to protect against the disease still a distant possibility, our best weapon remains staying away from each other. But while social distancing saves lives, it  drags down the global economy and threatens … Read more COVID 19: Bold Action can Curb the Economic Fallout

BizTalk: Howard Marks’ crisis memo

Global markets have gone through wild times due to the coronavirus pandemic. The coronavirus crash follows a string of market crises: The 2008 global financial crisis, the 1997 Asian financial crisis, the 1987 stock crash. Surviving these periods of severe shock takes acumen, discipline and luck. For the legendary billionaire investor Howard Marks, who pioneered … Read more BizTalk: Howard Marks’ crisis memo

$16 Trillion U.S. Mortgage Market Rattles Wall Street

Mar.25 — The $16 trillion U.S. mortgage market — epicenter of the last global financial crisis — is suddenly experiencing its worst turmoil in more than a decade, setting off alarms across the financial industry and prompting the Federal Reserve to intervene. Dani Burger reports on “Bloomberg Daybreak: Europe.”

Former PM Rudd: “You don’t get to choose what sort of crises you have to deal with” | ABC News

Kevin Rudd, who was Prime Minister during the 2008/2009 Global Financial Crisis, speaks with Patricia Karvelas about the government’s economic response to the coronavirus pandemic. The Former PM says the government needs to be more “hardlined” and “aggressive in its response”, saying the current stimulus package won’t “touch the sides”. Read more here: https://ab.co/2PTeDpK For … Read more Former PM Rudd: “You don’t get to choose what sort of crises you have to deal with” | ABC News

Coronavirus’ economic impact not like the global financial crisis, Reserve Bank governor says

It’s an entirely different situation and New Zealand still has more options to deal with it, according to Adrian Orr. Start your day the right way with a combination of news, sport and entertainment. Weekdays from 6am on TVNZ 1 Get more at: https://www.tvnz.co.nz/one-news On Demand – https://www.tvnz.co.nz/shows/breakfast Facebook – https://www.facebook.com/Breakfaston1 Instagram – https://www.instagram.com/breakfaston1