Quarter net profit at around 1. 5 billion dollars. The dividend for 2019 will be paid into stages. Rival Credit Suisse will delay half its devin. Welcome to daybreak europe. As we head toward the long easter weekend, all states warning the Global Economy facing a 5 trillion hit over the next two years, greater than the output of japan. And they say global output not return to previrus levels until 2022. , futures have been moving around a bit overnight. Were seeing a bit of green on the screen in asia for the fourth session. A bit of a mixed picture. The 10 year yield dropping almost three basis points. Foot, and front russia said it is ready to put it screwed output by about 15 payment lets get an update on the coronavirus, claiming another daily Record Number of u. S. Ms in the the global tally now stands at more than 1. 5 million infections and around 88,000 deaths. American expert anthony found she said the stoxx the start of a turnaround could come after this week. Ross, great to
And the problems with distribution in the Monetary System because as you know one of the Solutions Offered for the covert 19 pandemic is that were going to print chileans and trillions and trillions of dollars even more chilly and so weve printed for the 2008 crisis well here we have seen carstens hes the former head of the bank of International Settlements and we prince tweets about him Central Bank Interventions to quell the crisis need to reach the individuals and businesses who are all tamale affected the last mile of this channel is not yet in place and needs to be bridged urgently so hes talking about these trillions of dollars are going to be handed to the same banks they got that in 2008 j. P. Morgans of the world Citibank Bank of america all that stuff but the problem is especially in the situation its not those big banks that are having a liquidity crisis as it was back then our credit crisis our credit crunch its these small and Medium Sized Enterprises that operate all the
A pass is that of spain as the president continues his war of words with World Health Organization. Millions of indians ordered to wear masks in public including those in the 2 biggest cities do you tell me in mumbai. And on time and i have all the sporting goods. And then how cross fit actually are staying active in isolation like competing online. We begin in yemen where a unilateral ceasefire is just started the saudi u. A. E. Coalition fighting Houthi Rebels says the truce will last for 2 weeks its the 1st time theres been a nationwide cease fire during the 5 years of war the saudis state news agency reported the Coalition Wants to. Venton our break of coronavirus in yemen the un has welcomed the ceasefire it says it hopes it will be extended to pave the way for direct talks of a push to end the fighting in yemen began in late 2018 when the 2 sides met for talks in sweden a truce was reached around the port city of her day there are both sides agreed to pull their forces out of the
And current. Aljazeera. This is counting the cost on aljazeera your weekly look at the world of business and economics this week. Health services in rich nations are struggling to cope with the coronavirus pandemic so what about poor nations will the world banks multibillion dollar fund be enough to help developing countries. Putting people before a debt crisis argentina gets money into the hands of families to fight the Economic Impacts of the pandemic. And from helicopter money to universal basic income could we see more governments picking up last paychecks to keep the economy and businesses alive. The world bank and the International Monetary fund the calling on creditor nations to provide debt relief to the worlds poorest nations amid the coronavirus pandemic rich nations have deployed unlimited funding to combat the pandemic and its Economic Cost the United States and Federal Reserve of so far pledge 6 trillion dollars but poorer nations dont have the financial firepower of the w
System and the problems with distribution and the Monetary System because as you know one of the Solutions Offered for the covert 19 pandemic is that were going to print chileans and trillions and trillions of dollars even more chilly and so weve printed for the 2008 crisis well here we have seen carstens hes the former head of the bank of International Settlements and we prince tweets about him Central Bank Interventions to quell the crisis need to reach the individuals and businesses who are all tamale affected the last mile of this channel is not yet in place and needs to be bridged urgently so hes talking about these trillions of dollars are going to be handed to the same banks they got that in 2008 j. P. Morgans of the world Citibank Bank of america all that stuff but the problem is especially in the situation its not those big banks that are having a liquidity crisis as it was back then or credit crisis or credit crunch its these small and Medium Sized Enterprises that operate al