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- Russia to boost coal production & sales, will be world’s top exporter within decade
The world’s largest coal-producing country, Russia, plans to increase its output and exports over the next 15 years. Russia’s share of the global coal export market is projected to expand to 25 percent from the current 11 percent. - Wall Street tumbles as US threatens China with tariffsUS stocks are facing a second straight day of losses, after President Donald Trump threatened to unleash a new barrage of retaliatory tariffs on China over the coronavirus crisis.
- Stocks and Chinese yuan cave in on Trump’s China tariff threatUS President Donald Trump’s renewed attack on Beijing over the coronavirus crisis has sunk the Chinese national currency, the yuan, to a one month-low, while global markets also dipped lower.
- ‘That’s a Ponzi scheme’: RT’s Keiser Report looks into US deflationary spiral caused by nonstop ‘printing of debt’Bond investors have started to debate whether the United States is heading into a deflationary spiral, even after trillions of dollars of stimulus has been injected into the coronavirus-hit global economy.
- Spread of coronavirus ‘contained’ in Czech Republic, govt to cautiously open up economy – ministerThe spread of the novel coronavirus has been contained in the Czech Republic and the government will continue to cautiously open up the economy, Health Minister Adam Vojtech said on Thursday. The country has seen the number of new cases drop below...
- US unemployment soars to over 30 MILLION as coronavirus pandemic wrecks economyFirst-time filings for unemployment insurance hit 3.84 million in the week ending April 25, the US Labor Department announced on Thursday.
- ‘Immediate danger’: Half of world’s workforce could lose livelihood due to Covid-19, UN agency warnsThe International Labour Organization (ILO) has warned that around half of the world’s workforce, or 1.6 billion workers, are at imminent risk of losing their livelihood because of the economic impact of the coronavirus pandemic.
- US economy dives to start year amid business shutdown & worst is yet to comeUS gross domestic product (GDP) fell 4.8 percent in the first quarter of 2020 amid the coronavirus pandemic lockdown, according to data released by the Department of Commerce on Wednesday.
- Putin calls for global effort to stabilize energy market as coronavirus crushes demandEnergy markets in Russia elsewhere in the world have experienced some serious shocks in recent months, Russian President Vladimir Putin has said. He called for a global effort to balance the energy market.
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