Why did u. S. Oil prices hit negative territory an unprecedented fall in American Crude Oil sales has added to the hardships caused by coronavirus so what will that mean for the u. S. And the Global Economy this is inside story. Hello and welcome to the program im Richelle Carey thats one of the worlds most valued commodities but the coronavirus lockdowns to overturn the dominance of oil the worth of a barrel of u. S. Oil fell to less than nothing on monday thats the 1st time in history the price has turned negative so this means producers ended up paying buyers more than 30. 00 a barrel to get oil off their hands it rebound a slightly shit disturber 2 dollars the next day that jaw dropping slide this because the world has more crude that it could use and Storage Facilities and even ocean tankers are filling up oil is traded on future contracts and fears of not finding a place to put oil in may means nobody wants crude thats led to a severe drop for west texas intermediate a benchmark
By the end of this month. China denies discriminating against africans after its accused of forcing them to be tested for the coronavirus. Cramped conditions and a lack of Health Care Warning thats a recipe for disaster and a kenyan refugee camp. Now a fighting fund of 8000000000. 00 has been set up to boost research into a vaccine and treatment of the coronavirus leaders from the e. U. And other nations pledged that cash injection in the Video Conference on monday but the United States where almost 70000 people have died did not take part in a hell. Coronavirus is the way of the world must find ways to live with it better ways of testing for it more effective ways of treating it most importantly eventually a vaccine against it. The practice on many the goal is one to defeat this virus and virtual pledging conference aims to channel billions of dollars into the Global Response its not just about pouring money into research but also about pooling resources and expertise for the common g
Record low oil prices the coronavirus pandemic. Abused and overworked on a diet of fish bait the allegations from indonesian fishermen that have prompted a joint investigation with china. The president s of spains top Football League says june the 12th is the target date for a return to action of 8 of us claims the risk of players catching coronavirus during games will be proud sickly 0. Some of the countries in europe hardest hit by the corona virus are opening up allowing millions to step out for work family visits and Shopping Trips france has been locked down for 8 weeks but people can now return to shops and hairdressers and take public transport after its lowest number of deaths in 7 weeks much of spain is opening outdoor cafes churches and mosques turkey is opening its Shopping Centers and schools will restart in the netherlands and russia president putin announced that economic restrictions are being eased from tuesday even as another surge makes it the country with the 4th lar
Politicians and activists are arrested in Hong Kong Well have a live report and wildfires rage near the site of the worlds Worst Nuclear Accident causing pollution levels to soar in ukraine. I am. The air. Thank you very much for joining us in many ways theyve been the forgotten victims of the corona virus pandemic but now the impact of the outbreak on elderly People Living in care homes is becoming painfully apparent and its fear many deaths are still going unreported a survey in new york state has found 90 Nursing Homes reported 20 or more deaths in recent weeks but the report only included a fraction of facilities in the states where the figure is believed to be in the thousands and much higher nationally in canada a nursing home in montreal is under investigation after 31. 00 desk. Uncovered the thought is found other residents dirty and unfed in their beds after some staff fled the facility in the u. K. Many deaths in care homes arent included in official figures its estimated the
Tread new ground and made a success of it welcome to made in this weeks edition we want to look at how the Pioneering Spirit continues to change the world for better or for worse i take this german teenager for example who started a company at the age of 72 years later he decided to try his luck in the u. S. He traveled to california Silicon Valley to find out for himself if he could make a splash with his ideas in the epicenter of the global Tech Industry and fortunately for us he made a video diary of his experiences take a look. Man dont do this to me the flight in an hour. Business is so awesome thank you all and just one follow up to a high. I cant believe it. Im in my hair is totally messed up but thats the Golden Gate Bridge in the background its crazy. I mean because america is a country of Infinite Possibilities we thought about it and decided to give it a shot for weeks in the states. We want to establish something youre pursuing the dishwasher to millionaire principle a 4. 0