Afghani as he and. Are sworn in as afghanistans president rival. And celebrations in sudan after its Prime Minister survives an assassination attempt on his motorcade. May have played its last match behind closed doors for a while as the countrys. Plunge into oil prices triggered by a dispute between saudi arabia and russia has sent stocks plummeting on Global Markets already spooked by the coronavirus billions were wiped off the value of Major Companies on monday londons footsie 100 suffered its biggest one day 4 since the Global Financial crisis of 2008 the index closed 7. 7 percent. Hong kongs hang seng index fell 4. 2 percent thats its biggest one day fall in 2 years and that spilled into other asian markets trading was hold. On the New York Stock Exchange for 15 minutes when the dow jones tumbled more than 7 percent shortly after it opened then it closed almost 7. 8 percent that. Wild crazy barrage wiley is a professor of International Business strategy at the university of surrey
How low can all prices go crude oil drops below 30. 00 a barrel as a price war between 2. 00 of the worlds biggest producers worsens how badly will that hurt the Global Economy already suffering from the coronavirus pandemic this is inside story. Hello and welcome to the program im norrin taylor the coronavirus pandemic is triggering fears of a global recession businesses around the world a shot stock markets are suffering massive losses on top of all that an Oil Price War between 2 of the worlds biggest producers the dispute between saudi arabia and russia is already pushed the price to its lowest in 4 years brant crude dropped below 30 u. S. Dollars a barrel on monday Global Demand for oil was already low since governments imposed widespread lockdowns and airlines grounded flights because of the disease you know a cartel opec and the International Energy agency both warn that developing countries such as algeria and go and venezuela could suffer the most losing up to 85 percent of th
To the program in the coming hours restrictions being imposed in many countries around the world will become a lot more extreme in the tent to curb the spread of coronavirus much of europe is going into lockdown in the past few hours france has sealed its borders just as its neighbor spain reported 2000 new cases bringing its total number of infections to more than 11000 but joins me now live from lamb in southwest france and just take us through really the new reality that french people are now having to live with. Well french people are now in lockdown and as you say it really is a new reality because suddenly those liberties that you might take for granted seem to have vanished owns the night you can no longer go out into the street without a very good reason you have to bring a piece of paper with you that is like a permit if you like you have to print off the sense that you are going to the shops the food all that you are going to work because you cannot work remotely from home so
Bars killing more than 20 inmates. And more doubts about the tokyo a lympics talks began about whether the games should be postponed. For the 1st time in days italys daily coronavirus death toll has fallen but still 651. 00 lives were lost on sunday bringing italys total almost 5500. 00 the government is shut almost all factories and banned internal travel talk about germany now. Says shes going into quarantine after coming into contact with an infected doctor shes also banned gatherings of more than 2 people so this is a global snapshot right now from u. S. Base Johns Hopkins university about 330000 and factions have been reported since the outbreak began now almost 98000 have recovered more than 14400 have died china italy in the u. S. Have the most confirmed cases to start with were a challenge wrapping up the situation across europe. It is a mark of the severity of italys situation when its latest coronavirus daily death toll can be viewed as good news 651. 00 new fatalities more t
Decided to go earlier. Prime minister just said picante has signed a decree to impose an unprecedented large scale quarantine in the long body region home to 10000000 people to limit the spread of covert 19 this invasion. Now we have restrictive measures for a much wider area because it wasnt making any sense to say a lot of small red zones while infections have spread all over a longer day and in the provinces we listed. The decree tells people not to enter or leave lamberty or 11 nearby provinces and tell at least april the 3rd including the countrys Financial Capital mainland and the city of venice theres going to be. Many things that again to be closed like jinns cultural centers. All sorts of areas where people get together in large groups restaurants and bars however appear it appears they will be kept. This comes after italy reported more than 1200 new infections in one day pope francis hes fighting the cold his Council Public appearances and will deliver his regular sunday pray