WORLD STOCKS JUMP TO 3-MONTH HIGH AS RECOVERY HOPES OUTWEIGH LOOMING RISKS

Wed 03 June 2020: (Reuters) – Global shares vaulted to a near three-month high on Wednesday as hopes of more stimulus and further easing in social restrictions around the world outweighed caution over a host of worries from the coronavirus to growing U.S. civil unrest. Pan-European Euro Stoxx 50 futures were up 1.27% while MSCI’s […]

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INDIA’S CORONAVIRUS CASES SURPASS 200,000, ‘FAR AWAY FROM THE PEAK’

Wed 03 June 2020: (Reuters) India’s coronavirus infections crossed 200,000, the health ministry said on Wednesday, and a peak could still be weeks away in the world’s second most populous country. Cases jumped by 8,909 over the previous day in one of the highest single-day spikes, taking the tally to 207,615. Six other nations, from […]

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PANDEMIC COULD COST AUSTRALIAN UNIVERSITIES $11 BN: LOBBY GROUP

Wed 03 June 2020: (AFP) Australian universities could lose up to US$11 billion dollars as an indefinite coronavirus border closure locks out the foreign students who keep the sector afloat, the industry said Wednesday. Lobby group Universities Australia said the revenue shortfall would have a lasting impact on not only higher education staffing and facilities […]

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COVID-19: PEOPLE FLOCK TO INVEST IN ISLAND PROPERTIES

Tue 02 June 2020: Property investors looking for a safe haven during the Covid-19 pandemic have turned their sights to floating villas, leading to a surge in interest in properties such as the Floating Seahorse Villas in The Heart of Europe development, experts said. Speaking to Khaleej Times, Josef Kleindenst, chairman of Kleindenst Group, developer […]

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WORLD BANK: CORONAVIRUS TO LEAVE ‘LASTING SCARS’ ON DEVELOPING WORLD

Tue 02 June 2020: The World Bank has said it expects the coronavirus and resulting recessions to leave “lasting scars” on developing and emerging market countries, with the worst damage on oil exporters and those suffering financial crises. In analytical chapters of its new Global Economic Prospects report, the bank said that the average emerging […]

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S.AFRICAN HIGH COURT SAYS SOME LOCKDOWN RESTRICTIONS INVALID, GOV’T SAYS

Tue 02 June 2020: (Reuters) – South Africa’s cabinet said on Tuesday it had taken note of a High Court judgement declaring its coronavirus restrictions as unconstitutional and that it was studying the judgment, though the lockdown remained in force for now. A statement from the cabinet said the court had declared restrictions under the […]

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ZIMBABWE TIGHTENS VIRUS LOCKDOWN REINFORCEMENT AS CASES SPIKE

Tue 02 June 2020: Zimbabwean security forces have cleared Harare’s city centre and turned back thousands of commuters and motorists as authorities reinforced restrictions to combat the spread of coronavirus following a spike in new cases. Using loudhailer, police drove around telling people to “leave town and go home”, according to AFP news agency. Shops […]

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MOROCCO LAUNCHES COVID-19 TRACKING APPLICATION ‘WIQAYTNA’

Tue 02 June 2020: Morocco’s Ministry of Health launched on Monday a COVID-19 tracking mobile phone application to help curb the spread of the pandemic in the country. The Wiqaytna (Our Protection) app is part of a wide national awareness campaign, under the theme: “Stay vigilant, protect each other” aiming to encourage Moroccans to continue […]

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YEMEN: SAUDI ARABIA TO HOST FUNDRAISING SUMMIT, AIMS TO RAISE $2.4 BILLION

Tue 02 June 2020: Saudi Arabia will for the first time be the co-host for the UN humanitarian fundraising summit for Yemen. The kingdom confirmed it will host a virtual donors’ conference today together with the United Nations, state-run Saudi Press Agency (SPA) reported on Firday. The UN aims to raise $2.4 billion during the virtual gathering, […]

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