Russian help is “very much needed” in Italy’s ongoing battle against the Covid-19 virus, the VP of the Lombardy region Fabrizio Sala has said, as the country recorded its worst yet single-day spike in fatalities. Sala said on Friday that the presence of Russia’s military in Italy proves that the pandemic has become “a problem for the whole world” and that its scale indicates that countries […]
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Members of the US Episcopal Church are urging support for Palestinian hospitals in the occupied West Bank and Gaza Strip, in light of the coronavirus public health emergency. According to the Episcopal News Service, American Friends of the Episcopal Diocese of Jerusalem (AFEDJ) “has launched an urgent appeal for support to help the leaders and staff at Ahli Arab Hospital in Gaza City make preparations to […]
With the deluge of headlines blaring the latest crisis sparked by the spread of the coronavirus, Mediaite has decided to dedicate at least one story per day to good news coming in from around the world. Spotify launched its new COVID-19 Music Relief project on Wednesday, which works raise money for musicians and music professionals in need of funding amid the coronavirus outbreak. Spotify has additionally […]
Kuwait has taken a number of measures to support small and medium-sized companies and individuals to face the economic consequences of the coronavirus pandemic. The Kuwait Banking Association said in a statement that it has decided to postpone the repayment of loans and credit card facilitations for small and medium-sized companies for six months, as well as interest. READ: Kuwait sees decline in COVID-19 infections The […]
Jeremy Renner says the novel coronavirus has landed him in an unexpected financial tight spot—and as a result, he has asked a Los Angeles judge to lower his child support payments. According to court documents obtained by TMZ and Us Weekly, the Marvel actor has asked to lower payments to his ex-wife, Sonni Pacheco, for their daughter, Ava, from $30,000 per month, to something that more […]
With the deluge of headlines blaring the latest crisis sparked by the spread of the coronavirus, Mediaite has decided to dedicate at least one story per day to good news coming in from around the world. Social media campaign “The Great American Takeout,” which encourages people to support their local restaurants amid the coronavirus outbreak, successfully went viral on Tuesday. The food industry has been devastated […]
Hamas leader Ismail Haniyeh announced on Tuesday that the organisation will allocate $500,000 to support Palestinian refugees living in camps in Lebanon during the coronavirus pandemic. Haniyeh said the move comes “as a result of the emergency conditions that the Palestinian people are going through in Lebanon,” adding that “in difficult circumstances, [he] took a decision to urgently relieve [Palestinian] people in the camps.” The statement […]
The European Union will send €20 million ($21.5 million) in humanitarian aid to Iran, which is subject to US sanctions, to help stop the coronavirus, the EU’s top diplomat said on Monday. Brussels will also support Tehran’s request for IMF financial help, according to EU foreign policy chief Josep Borrell. “We’ve not been able to provide a lot of humanitarian help but there is some €20 […]
Qatar will be sending $150 million in aid to the besieged Gaza Strip to support United Nations humanitarian programmes and efforts to help combat the new coronavirus outbreak, the state-run Qatari Committee to Rebuild Gaza announced on Twitter today. The emergency aid, which will cover a period of six months, comes after the Palestinian Health Ministry confirmed the first two cases of COVID-19 in Gaza on […]
Qatar has announced $150 million in aid to the Gaza Strip over a period of six months. The decision was taken to support United Nations humanitarian programs in the Palestinian territory as well as efforts to contain the coronavirus outbreak there, the state-run Qatari Committee to Rebuild Gaza tweeted on Monday. The densely populated Gaza Strip reported its first cases on Sunday, Reuters said. Authorities announced […]
The World Bank has announced new financing for Egypt worth $500 million to support housing projects for low-income families. The bank said that the fund aims to support efforts to facilitate access to affordable housing units for low-income families, and to enhance the capacity of the social housing fund and support real estate financing in designing policies and coordinating programmes in the social housing sector. The World Bank quoted Dr […]
Officials with USA Swimming have issued a statement urging the US Olympic & Paralympic Committee to back the postponement of the 2020 Summer Olympics in Tokyo, Japan, in light of the ongoing global COVID-19 novel coronavirus pandemic. The letter, signed by USA Swimming Chief Executive Officer Tim Hinchey III, highlighted that the health and safety of the organization’s athletes, staff, coaches, volunteers and other members is […]
Something strange happened when the Fed, and all other central banks went all in, and fired one bazooka after another in the past few days. Nothing. For the first time since the financial crisis, perhaps ever, the masters of the monetary universe unleashed a liquidity tsunami and risk assets barely responded. Perhaps this is just the start: in a note from Barclays strategist Jeffrey Meli, he […]
A letter signed by 64 American Congressmen addressing US Secretary of State Mike Pompeo called on the American administration to oppose Israeli demolitions of Palestinian homes, news agencies reported yesterday. The Congressmen said in the letter, which was dated 16 March, that they were concerned about the Israeli demolition of Palestinian homes in occupied Jerusalem and the West Bank. “We write with concerns over the ongoing […]
Kuwait yesterday announced that it was donating $10 million to help Iran battle against the novel coronavirus, the Tasnim news agency reported. The announcement was made in a telephone call between Iranian Foreign Minister Mohammad Javad Zarif and his Kuwait counterpart Sheikh Ahmad Nasser Al Sabah. During the call, Al Sabah expressed his country’s solidarity with the Iranians in the battle against the coronavirus. For his […]
The Foreign Ministry in Moscow announced on Monday that it will provide assistance to Iran which is suffering under US sanctions and the spread of the Covid-19 virus. “In light of reports on the increasing spread of the epidemic [sic] caused by the coronavirus, we cannot help but notice the unjust and inadequate situation which the Islamic Republic of Iran has been experiencing,” explained the ministry. […]
A humming concrete pit of deadly radiation may seem like a discouraging scene for dancing, but not if you really want to support your nation’s Eurovision song contest bid – these Russians prove. Clad in white suits and hardhats, Kursk Nuclear Power Plant workers filmed themselves dancing right next to the top of one of the plant’s four 1,000-megawatt reactors. The scene may seem somewhat bizarre […]
US Senator Bernie Sanders, one of two Democratic candidates in the race to run in the upcoming presidential elections, has criticised his country’s support for the United Arab Emirates (UAE) and Saudi Arabia, and likened their regimes to a “dictatorship”. This came during a televised debate held on Sunday with his Democratic opponent, Joe Biden; the former vice president. “I have been leading all efforts against […]
Just to provide a little focused context on US markets, three major things occurred today: 1) this was the 3rd biggest down day for stocks… ever – Great Depression, 1987 and… now Source: Bianco Research 2) VIX closed at a record high – higher than the highest close during the Great Financial Crisis… 3) The S&P 500 broke below (and closed below) the 11-year up-trendline from […]
Iranian President Hassan Rouhani yesterday announced a series of banking and tax relief measures to support companies and poor families in light of the economic pressure brought about by the outbreak of the coronavirus, Bloomberg reported. Rouhani said in a meeting that employees can postpone the payment of health insurance bills, taxes and utilities for three months, while the poorest three million Iranians will receive cash […]
After a day of relentless central bank interventions across Asia and Europe, which jumped the Atlantic this morning when the Fed announced not one but 6 emergency QE POMOs, moments ago Canada joined the panic response, when the Bank of Canada announced an emergency 50bps rate cut, lowering the overnight rate from 1.25% to 0.75%, generally in line with the market’s expectations. According to the central […]
Last Monday, the French government hosted Field Marshal Khalifa Haftar on a brief, unannounced, visit to Paris. Accompanied by his top political advisor, my ex-academic colleague turned politician Fadel Ed-Deep, he met President Emmanuel Macron at the Élysée Palace. After the meeting an Élysée official said that, “Marshal Haftar assured [us] that he was committed to signing the ceasefire but this commitment would cease if the […]
The United States is discussing with its NATO allies the potential military support that could be provided to Turkey in Syria, US envoy for Syria said. “We are looking at what NATO can do, all options on the table,” James Jeffrey said in a statement after arriving in Brussels for talks with NATO allies yesterday. However, the US official ruled out the deployment of American ground […]
After almost the biggest single-day drop since Black Monday, it is hardly surprising that markets are bouncing back a little and all it took was the promise of ‘very very substantial’ relief to hard-working Americans hurt by the impact of the virus. During the daily virus update press conference, President Donald Trump said his administration will discuss a possible payroll tax cut with the U.S. Senate, saying they […]