Tries to revive its faltering economy. And Jerusalems Al Aqsa mosque compound islams holiest sites closed during ramadan because of coronavirus restrictions. So an agreement among the worlds Top Oil Producers to cut output comes into effect today friday following the collapse in global prices it was spurred by a slump in demand because of the deal to cart output came with a lot of infighting between the worlds big Oil Producers go back to early march when they met in vienna and work out how to keep prices stable but failed to reach an agreement opecs recommendation was to take 1500000 barrels a day off the market if russia agrees to cut production as well russia said no. And so top producer saudi arabia retaliated by announcing a production increase instead sparked a price war lasted nearly a month prices dropped below 20. 00 a barrel also in riyadh did resolve their differences eventually agreed to gradually cut production by 10000000. 00 Barrels Per Day but as american producers whic
Changing the race for the white house. Im going to go just past sports around the world continues to be called off all played behind closed doors including this couple match a brazilian matic in a stadium once famous for holding nearly 200000 fans in a world cup final. More and more countries imposing restrictions and they are getting more drastic in the fight against coronavirus within the last hour austria banning gatherings and ordering restaurants to close while kazakstan has declared a state of emergency earlier on sunday the philippines began sealing off its capital manila 12000000. 00 residents in manila being told to stay at home for a month schools are closed and mass events are banned australia has joined the countrys ordering travel. Into self quarantine as of midnight on sunday they have to isolate themselves for 14 days iran has perspire on the 2nd round of parliamentary elections more than 600 people have died on the road more than 12000 confirmed cases but despite concer
Invited to form israels next government. Hello governments around the world have stepped up restrictions on the movement of their citizens to reduce the spread of the coronavirus the number of coronavirus deaths recorded in italy has now risen 25 percent just in the past day to over 800 as europes worst outbreak of the deadly virus continues to expand italy has 25000 cases of the highest number recorded outside china and spain became the 2nd european country to impose a nationwide lockdown its confirmed 2000 new cases and the number of reported deaths has doubled iran has announced more than 100 people have died in the past 24 hours and confirmed cases there are nearing 14000 to hans says its fight is being severely hampered by u. S. Sanctions and then the u. S. Increased screening measures for people returning from europe have caused chaos at airports the u. S. Has imposed a ban on non americans traveling from European Countries including the u. K. And ireland or brennan is joining us
Fugitives into the hole with all the sports which all over the world continues to be called off all played behind closed doors including this football match at brazils american or stadium once famous for holding muti 200000 fans in the World Cup Final. Welcome to the news our governments around the world have stepped up restrictions on the movements of their citizens to reduce the spread of the coronavirus the number of deaths recorded in italy has risen 25 percent in the past day to just over 800 overall its only has the highest number of cases outside of china that almost 25000 spade became the 2nd european country to impose a nationwide lockdown its confirmed 2000 new cases and the number of reported deaths as doubles and then in the middle east. Iran has announced 113 people died in the past 24 hours the number of confirmed cases is nearing 14000 in the United States increased screening measures for people returning from europe of course chaos at airports the u. S. Has imposed a ba
Welcome to the program our top story the u. S. Federal reserve us cut Interest Rates back to near 0 in an effort to boost the american and Global Economy during the course of this and demick President Donald Trump congratulated the central bank during an announcement at the white house it lowered the fed rate. From what it was which was 121425 and its been lowered down to 020. 24 or point 24 so its 02. 2 for. A big difference its a. Quite a bit of a point. Lets go live to mike hanna now hes in washington and this is really the most drastic step taken by the u. S. Federal reserve since the financial crisis of 2008 i guess it gives you a sense of the shock the coronavirus pandemic is about to cause or is already causing in d. D. s senate also follows weeks if not months of urging by President Trump for the fed to drop its rates virtually on a daily basis the president has been insisting that the fed is airing by not dropping its rates so certainly this now is a major step in terms of cre