President trump rams up his criticism of chinas handling of the pandemic but offers no evidence to support his claims. Jerusalems alonso mosque compound the 3rd holiest site closed during ramadan because of strict restrictions. And in sports the English Premier League is stepping up plans for a return to action the league is meeting to discuss what needs to be done for games take a coffee in june. Its 10 g. M. T. Friday a day when an agreement among the worlds Top Oil Producers to cut output comes into effect it follows a collapse in global prices spurred by a slump in demand because of the pandemic but the deal to cut out. Came with a lot of infighting between major Oil Producers or they met in vienna in early march to work out how to keep prices stable but failed to reach an agreement recommended taking 1500000. 00 Barrels Per Day off the market if russia agreed to cut production too but russia refused and opecs top producer saudi arabia retaliated by announcing a production increase
Tries to revive its faltering economy. And Jerusalems Al Aqsa mosque compound islams holiest sites closed during ramadan because of coronavirus restrictions. So an agreement among the worlds Top Oil Producers to cut output comes into effect today friday following the collapse in global prices it was spurred by a slump in demand because of the deal to cart output came with a lot of infighting between the worlds big Oil Producers go back to early march when they met in vienna and work out how to keep prices stable but failed to reach an agreement opecs recommendation was to take 1500000 barrels a day off the market if russia agrees to cut production as well russia said no. And so top producer saudi arabia retaliated by announcing a production increase instead sparked a price war lasted nearly a month prices dropped below 20. 00 a barrel also in riyadh did resolve their differences eventually agreed to gradually cut production by 10000000. 00 Barrels Per Day but as american producers whic
With a economist. This economyf this contracted for the First Time Since at least 1990 two. A big contraction, more than was anticipated. What is your instant reaction . Robin let me be clear. The First Quarter contraction is not a surprise considering the lockdown in late january and february. Outputch industrial dimension and trade data suggested the supply side in the chinese economy has been on a recovery path. Are first in, first out amid this covid19 recession. We have seen the worst First Quarter followed by a shallow recovery from the Second Quarter onward. The ip data is better than retail sales or domestic data, means the supply side has been largely mobilized with now 90 of factories in china, 40 are operational. Many are back online. That is why we see activity and improving activity improving on the supply front. Bolstering recovery in the next stage has shifted as lockdown in china has been replaced by softer social distancing measures which means people return to work, b
And hundreds of millions of children desperately needing food we look at the difficulties for a agencies. Now yemen syria the rebels have told aljazeera they wont stop fighting while the country is under siege the Spokesman Says there have been continued land attacks and as strikes thats despite an announcement from the saudi u. A. E. Military coalition a 2 week unilateral ceasefire they say is to prevent a corona Virus Outbreak were but mentally as is reported. I haul in military operations in yemen. But in the days and even now essentially ceasefire came into effect. All too familiar scene supply lines across the country injured people taken to hospital after hutu rebels shelled the port city of her data more injuries to entails of the heavy shelling the hostess say the saudi u. A. E. Coalition also bomb targets in all just had to and cider although the coalition called for a cease fire spokesman told our just era they have not agreed to it so long as the siege is not lifted we have
Slowly in other words the way down is much slower than the way up to means control measures must be lifted slowly and we control. It cannot. And spain which has been one of the hardest hit countries by the virus has started to loosen its lockdown as the curve inside borders begins to flow and construction Manufacturing Business is with the nation are starting to return to work but most Public Places will remain closed until at least the 26th of april meanwhile japanese officials are calling on citizens to take greater efforts by reducing contect by 80 percent here in the United States there is a push to lift restrictions by may 1st in an effort to mitigate Economic Impact of the pandemic now reports say the white house has floated that date of may 1st and the countrys top Infectious Disease expert Dr Anthony Fauci told c. N. N. While the country wont be able to turn on like a light switch hes cautiously optimistic that things could start to reopen as soon as may 1st now u. S. President