Demand a Global Movement to divest from fossil fuel and crushing debt loads the industry has about 86000000000. 00 of rated debt due the next 4 years and as analysts have warned before below 50. 00 per barrel Many Companies will be unable to service their debt obligations this in turn has the Banking Sector as these Companies Start defaulting big banks including j. P. Morgan city Group Wells Fargo and goldman are down between 9 to 13 percent today as the selling pressure intensified across all sectors u. S. Markets triggered a 15 minute halt at the am the dow fell over a 1000 points as investors continued to seek safer assets the yield on the 10 year dropped below 0. 5 percent for the 1st time ever in the history crude prices have become a bigger problem for the markets than the coronavirus now as itll be virtually impossible for the s. N. P. To bounce when the Energy Sector is down 15 percent. Interestingly enough gold the defacto safety asset is not spiking instead it is trading flat
London, this is bbc world news. Its 9am in singapore, 1am in london and 9am in beijing where censors have been deleting online criticism of the announcement that president xi jinping could stay in power for decades to come. The proposal would remove a clause in chinas constitution that limits the head of state to just two terms in office. Some people online have accused the communist party of creating a dictator and becoming like north korea. John sudworth reports from beijing. Chanting. Its no secret that xi jinping has been tightening his grip on power. This is just the most recent display of tu bthumping military loyalty. But now, a defining moment has been reached. State media reports of closed door Party Meetings confirmed that the two term limit is to be scrapped. Theres nothing to fear, his supporters argue. Mr xi, the benevolent fatherfigure, is staying on for the good of the nation. China has become such a developed country, the middle class is increasing in size, as well as i