Results of bad well crunch the numbers also coming up well talk to an expert about the challenges of financing a corona vaccine for the entire planet and and few offices of spooky sign of the pandemic but could it become the norm Companies Make big savings and we get to work from home. Ive been physical and lets see business British Oil Major be paid last 16800000000. 00 in the 2nd quarter as the coronavirus crushed demand for crude its the worst Quarterly Report for b. P. Since that Deepwater Horizon Oil spill a decade ago prices for crude have tumbled by a 3rd these year b. P. Says the prospects for a quick recovery are uncertain the collapse comes as big oil faces existential questions of a Climate Change in response to invest the pressure of b. P. Has announced a new green strategy to ramp up its investment in renewable energy. Oil prices havent been this low in a long time a Coronavirus Crisis so factories close around the world travel was bad and Global Demand naturally plummet p
Damaging as the financial crashes. Italy is taking steps to contain the worst infection rate outside of china. All businesses and pharmacies are ordered to close. Shery lets get you a check of the markets in the u. S. We had the dow fall into a bear. Arket territory, falling 20 the s p 500 a hair away from the 19 lower than the previous high. We had every group on the s p 500 sinking more than 3 . The nasdaq down 4. 7 . U. S. Futures under pressure. We have seen no more details on the substantive stimulus that President Trump had promised. In the afternoon, he said at one point that the u. S. May not need the fiscal measures. That did not sit well with the markets. U. S. Futures gaining 2 10 of 1 . We will see how we do without how we do throughout the rest of the session. News and headlines dominate market sentiment. Sophie a lot of caution. A she futures pointing lower despite the global stimulus engine being revved up. In new zealand, a fiscal response is being considered. The rbnz
A bit more. Come out since last month weve been unable to get a hold of. Me or trying to erase totally disconnected contact and its really like it was before the blackout. For the morning to my name is kevin over here with a wednesday morning 30 minute will be from r. T. International and 1st the fate of israels Prime Minister this morning hanging in the balance with exit polls suggesting is neck and neck with his nearest rival after ripping parliamentary elections but even with his religious and right wing allies doesnt seek to secure a majority government is the headline and that also goes for his main rival benny gantz 2 goes down off our correspondent in the studio with me to break this down a bit yeah its not the morning that. Netanyahu hoped to wake up to the rest of israel as well votes on his last 10 you. Is in office leading the country isnt it yeah absolutely and i wonder how well he slept at night speaking of the morning after because this whole election has been largely vie
350000000. 00 but russias holdings of quadrupled over the last decade the jewelry industry uses about 2000 tonnes of gold every year worth around 85000000000. 00 but its people in india that have believed to hold the most gold estimated to be worth around 1. 00 trillion dollars so is that extra demand for gold or is this just investors seeking a safe haven to find out were joined via skype by gavin wendt gavin is the founding director and senior resource analyst at sydney based mine life good to have you with us gavin so whats behind golds recent rally well weve seen a number of fact is that conspire exactly the right time. Dr gold are there in some more recent fact is. I guess related to things in the last week for example related to u. S. Interest rate cuts. Trade issues uncertainty with respect to britain and iran an ongoing Economic Council. That we can actually trace goals i guess. Strong momentum. Back to probably the g f c back in 2000 and night the tremendous amount of spending
Hello im Adrian Finighan this is counting the cost analysis here your weekly look at the world of business and economics this week on patrol off the coast of west africa nations step up their naval presence to counter the scourge of piracy and hostage taking. After 6 years of treading water gold prices are on the rise we find out whats behind the move. And what. Impressed record morning on production rather than import. A decade ago no ship was safe off the coast of somalia men armed with machine guns in small boats would target vessels including aid for the World Food Programme the menace of piracy continues to plague the region impeding its security and Economic Development but its also increasing in other areas that you hotspot is the gulf of guinea an area that covers 6000 nautical miles or 11000 kilometers of coastline from angola to senegal west african countries lose 2000000000. 00 annually to maritime piracy and armed robbery. The region produces more than 5000000. 00 barrels o