By Administrator_India Capital Sands In a densely packed neighborhood of Delhi, hundreds of homeless people queued up this week as volunteers doled out rice and peas from a vat in the back of a van. Only a handful of the people in the crowd wore masks. There were no hand sanitizers or washbasins in sight […]
By Administrator_India Capital Sands Australian authorities opened a pop-up coronavirus testing clinic at Sydney’s Bondi Beach on Wednesday, as the country’s central bank warned the economic fallout from the pandemic could last for more than a year. Authorities were zeroing in on specific areas that have reported clusters of infections, following a sustained slow down […]
By Administrator_India Capital Sands The coronavirus pandemic is expected to sharply slow growth in developing economies in East Asia and the Pacific as well as China, the World Bank said in an economic update on Monday. The bank said precise growth forecasts were difficult, given the rapidly changing situation, but its baseline now called for […]
By Administrator_India Capital Sands India has no plans to extend a 21-day lockdown to slow the spread of the coronavirus, the government said on Monday, as it struggled to keep essential supplies flowing and prevent tens of thousands of out-of-work people fleeing to the countryside. Prime Minister Narendra Modi ordered the country’s 1.3 billion people […]
By Administrator_India Capital Sands Major U.S. airlines asked the U.S. Treasury to move quickly to release up to $58 billion in government grants and loans and recommended formula to divide up the money. In a letter dated Saturday, carriers wrote that “given the urgent and immediate need, it is essential that these funds be disbursed […]
By Administrator_India Capital Sands Luxury carmaker Ferrari said on Friday it would extend the shutdown of its two Italian plants and reopen on April 14, provided it had supplies, and update 2020 forecasts in May when it releases its first-quarter earnings. Ferrari this month closed factories in Maranello and Modena, in the northern Italian region […]
By Administrator_India Capital Sands Leaders of the Group of 20 major economies pledged on Thursday to inject over $5 trillion (£4.1 trillion) into the global economy to limit job and income losses from the coronavirus and “do whatever it takes to overcome the pandemic.” Showing more unity than at any time since the G20 was […]
By Administrator_India Capital Sands World share markets fell on Thursday as nerves over jobs data likely to lay bare the economic carnage from the coronavirus pandemic outweighed a $2 trillion U.S. stimulus package. The U.S. Senate on Wednesday backed the massive bill aimed at helping jobless workers and industries reeling from the virus, with the […]
By Administrator_India Capital Sands China set its daily reference rate for the yuan at a stronger-than-expected level Thursday, with the central bank perhaps signaling efforts to support the currency following recent weakness. The PBOC put the fixing at 7.0692 yuan per dollar, 105 basis points stronger than the average forecast of analysts surveyed by Source. […]
By Administrator_India Capital Sands British inflation fell in February, before the coronavirus crisis hit the country, and economists predict a further sharp fall in the next couple of months due to the collapse in global oil prices caused by the pandemic. Consumer price inflation fell to 1.7% in February from a six-month high of 1.8% […]