History but album on a case of the persian gulf about to blow their wealth and just how low will oil prices go. Union divided on sharing the Economic Cost of the pandemic why france and italy are lining up against germany and the netherlands. Now Subsaharan Africa could be plunged into its 1st recession in 25 years as the Global Health crisis brought about by the corona virus wreaks havoc many nations like nigeria angola south africa are dependent on commodities for a large chunk of trade and revenues all have been decimated as economies have ground to a halt well the World Bank Estimates growth could tumble to minus 5 point one percent from 2. 4 percent triggering Food Insecurity the pandemic could cost the region as much as 79000000000. 00 in lost output from falling Commodity Prices to a drop in tourism. The Nigerian Government to seeking 7000000000. 00 in emergency funding from the i. M. F. And world bank its last budget assume that oil prices would be around 59. 00 a barrel its cu
The cash trade is an hour away. Lets get your top headlines for you off of the bloomberg terminal. Operation work speed. President is organizing a Manhattan Project file effort to fasttrack a coronavirus machine. Big pharma will work with washington and the military to develop it by years end. Lasting damage. Jerome powell voices concerns about the longterm fallout from the outbreak. Attention turns today to Christine Lagarde as economists expect the eurozone economy to pump the most since the Second World War. Grenada cuts. Norway joins opec in slashing oil output. We will see shortly what the ceo , after exxon mobil throws its dividend for the first time in 13 years. Just under an hour away now from the start of cash equity trading across europe. Lets take a look at futures here. We have gains on the euro stock. In bluechip benchmark index europe of almost 1 . Dax futures are up more than 1 this morning as ftse futures rise about three quarters of 1 . Anna . 6 anna lets talk about br
Staff and short of resources to need in a normal time to have responded to quickly and to work so closely in coordinating with all of the different departments under the leadership of mayor breed. And i think across the country of all of the different places and the tragedies that many of our vulnerable population and community are experiencing, i just wish that there was a way to transport the kind of leadership in community and sense of common good that we have here in San Francisco. Even with all the questions and all the kind of wanting to be better sentiments that are expressed by many of our advocates. I do feel that San Francisco is most fortunate. Words cant quite express, but again, justice want to express thanks and gratitude, respect, and i know that we have a lot more to go. A lot more road to go and we will be there. We are all in this together. A commissioner green. Yes. It was said so eloquently by all of you. I am on the front line. I am in the hospital every day. And t
When you saw that document for the 1st listen to the war saying youll go. With. The stories that. Hello im Darren Jordan this is counting the cost on aljazeera you look at the world of business and economics this week the coronavirus pandemic wreaks havoc across Subsaharan Africa nations turn to the i. M. F. And world bank to see them through the crisis the biggest Oil Production cuts in history but album on a case of the persian gulf about to blow their wealth and just how low will oil prices go. A union divided on sharing the Economic Cost of the pandemic why france and italy are lining up against germany and the netherlands debt. Now Subsaharan Africa could be plunged into its 1st recession in 25 years as the Global Health crisis brought about by the corona virus wreaks havoc many nations like nigeria angola south africa are dependent on commodities for a large chunk of trade and revenues all have been decimated as economies have ground to a halt well the World Bank Estimates growth
And we ask for your understanding and patience as we all work through this new way of working together. If we havent done so already, im going to ask all members of the board to mute themselves to minimize background noise. Board members will have to remember to unmute themselves to comment and when the roll call votes are held. Theres staff in the background who will be managing the technological functions throughout the meeting so we can move to whoever is speaking throughout the meeting. Again, we ask everyone for their patience as we make these adjustments. Lastly, we want to thank everyone who has made these meetings possible, including darlene, jay huish, and staff members, as well. The board appreciates [no audio] and we will begin the meeting. We will start with the roll call. [roll call] we have a quorum. Item number 3, communications. Item number 3, communications. Due to the covid19 and to protect the public, the meeting room is closed. However members will be participating