A new race to the white house were joined by the sun to secure the democratic nomination i believe we can be down draw follow all the developments in the u. S. Election campaign on al jazeera. Hello im sammys day than this is counting the cost on aljazeera your weekly look at the world of business and economics this week a Mighty Dollar for all the talk of emerging challenges when push comes to shove the dollar proves its the worlds reserve currency we find out why the Financial System riddled with bad debts india tends to revive the countrys 4th largest bank as depositors yank their cash. And saudi arabias Oil Price War with russia could send crude prices to 10. 00 a barrel with an oil producer like indonesia cope. 9 trillion dollars and counting thats what rich nations have spent so far on the coronavirus pandemic theyre trying to make sure theres a functioning economy if they get to grips with the outbreak or the damage done is likely to surpass the financial crisis maybe even the G
New warnings from the w. H. O. Britains Prime Minister has ordered restaurants bars and passes to close a movie he describes as upsetting but essential. The coronavirus demick has hit another grim milestone with global deaths passing 11000 initially more than 600 people lost their lives in just the past 24 hours in spain the army is out on the streets the number of confirmed cases in the u. S. Has reached 900000 the borders between the u. S. With mexico and canada and now closed to all nonessential travel i can a from washington d. C. Has our 1st report. The trumpet ministration continues to wreck to top preventative measures in the midst of the coronavirus pandemic the latest action aimed at cutting traffic across the countrys northern and southern borders President Trump was at pains to emphasize this was done in consultation with the governments of canada and mexico the nations Top Health Care officials are extremely concerned about the Great Public Health consequences of mass uncon
System riddled with bad debts india tends to revive the countrys 4th largest bank as depositors yank their cash. And saudi arabias Oil Price War with russia could send crude prices to 10. 00 a barrel with an oil producer like indonesia cope. 9 trillion dollars and counting thats what rich nations have spent so far on the coronavirus pandemic theyre trying to make sure theres a functioning economy if they get to grips with the outbreak but the damage done is likely to surpass the financial crisis maybe even the Great Depression what is known its the worst economic crisis in the last 70 years well at this time theres a rush to safety the 11 year bull run in u. S. Stock markets is over and theres one safe haven everyone is banking on and its not gold its the dollar for all the talk of the dollar would lose its reserve currency status its proved to be just that talk lets take a look at some examples now emerging markets have borne the brunt of the rush for dollars indonesias superior lost
I mean what is happening in my city is worrying me. Because my mom is a lively city and see it like this today is almost a defeat for me i never would have thought this would happen. Airport has now suspended all flights its neighboring airport now restricted to running only domestic flights but that hasnt stopped people attempting to get away. Fearing further contagion leaders of italys southern regions have warned hundreds of thousands of its citizens who went to work or study in the north of the country not to return home but groups of people continue to arrive from milan arriving with their masks on but there was no one to test them for covert 19. The harsh restrictions are designed to slow down the spread of the disease but there are fears that it may be too little too late hospitals in the affected region have been inundated and sick residents are now being asked to stay at home a stretched Health Care System is struggling to keep up with the increasing numbers there are no more
Top 3800. Ths germany boosts investment to bolster its economy. The u. S. Is said to be drafting measures to blunt the fallout. A cataclysmic implosion of in response mechanisms, the oil market, equity markets, and it is visceral. To the oil market, the biggest oneday plunge since 1991. It lasted for five weeks the last time the oil market collapsed like this. We are in an unequivocal outright war on the oil market, according to goldman sachs. How that endures, will the russians come back to the negotiating table . Saudi arabia offering their oil at the biggest discounts to anyone else in their wake in 20 years. 20 is on the agenda according to goldman sachs. How did this morph . There is your brand, wti. We will talk to bob mcnally later on. Oil markets with the additional paranoia to really ramp up the markets. We are talking recession risk, Global Health crisis versus Global Financial crisis. The curve, pimco says we are talking about a shock of a recession in the united states. Fis