Worse to come for ‘broken’ crude oil market as coronavirus crisis causes extreme oversupply By Francesca Washtell For The Daily Mail Published: 21:51 BST, 22 April 2020 | Updated: 21:51 BST, 22 April 2020 Oil prices sank to fresh 21-year lows before recovering as markets continued to grapple with extreme oversupply caused by the coronavirus … Read more
The governor of the Bank of England today issues a stark warning that Britain should be cautious about lifting the coronavirus lockdown too early. In his first interview since taking the top job, Andrew Bailey told the Daily Mail that a premature end to the restrictions could cause a severe loss of confidence and inflict … Read more
The Government’s decision to extend the lockdown for a further three weeks has, unsurprisingly, intensified the complaint that ‘shutting down the economy will cost more lives than the coronavirus’ — or, in the words of President Trump, that the ‘cure may be worse than the disease’. The argument, in essence, is this: recessions kill. Intuitively, … Read more
Back in early January, when corona was just a mediocre beer, the Bank of England published something odd. For the first time in six-and-a-half years, people paid back more than they borrowed on credit cards. And as unusual as the statistic itself was the bank’s reaction to it. ‘The extra amount borrowed by consumers in … Read more
The coronavirus death toll in America doubled in the span of just two days as new potential hotspots emerge in urban centers around the country. The US currently leads the world in coronavirus infections with 123,778 reported as of Sunday morning. The death toll surpassed 2,100 on Saturday, doubling figures reported two days earlier. New … Read more
Olivia Attwood has claimed starring on Love Island was worse than being in isolation from the coronavirus outbreak, because contestants were ‘controlled and contained.’ The reality beauty, 28, says despite the Majorcan weather and swimming pool, the cast suffered from not being able to speak to their loved ones or leave the front door. In … Read more
Madrid and London are facing worse coronavirus outbreaks than Lombardy in Italy with deaths doubling every two days – but New York’s mortality rate could be set to outpace them all. The humanitarian cost of the pandemic continues to mount globally as more than 415,000 people have been infected with the deadly disease, and more … Read more
Amazon CEO Jeff Bezos has informed his employees in a letter that he believes things are going to take a turn for the worse before they get any better and reveals the company will hire 100,000 people to meet demands amid the coronavirus outbreak. ‘This isn’t business as usual, and it’s a time for great … Read more
Treasury Secretary Steven Mnuchin said Tuesday the spread of coronavirus ‘is worse than 9/11’ for the airline industry. United, Delta and Virgin have already drastically slashed their flight schedule, taking other cost-cutting measures, and storing their large aircraft which will be out of use. The airlines have also requested a bailout package from the government, ranging … Read more
A British man has told how bouts of the flu were worse than his experience with the life-threatening coronavirus spreading across the globe. Andrew O’Dwyer, whose age is not known, tested positive for COVID-19 after going on a ski trip with friends to the Italian Dolomites in February. He didn’t show symptoms for a week … Read more