World
Oil price plunges as Saudi Arabia retaliates with Russia
Fears on global medicine shortage grow as coronavirus hit supply chains
The continued closure of factories in China due to the coronavirus threatens the supply of medicines worldwide as the production of active pharmaceutical ingredients were disrupted. China is the world’s largest maker of drug ingredients and particularly supplies those used for treating diabetes, blood pressure, headaches and fevers. With this, the Government of India has limited the […]
Asian markets surge as central banks signal support
Share prices in Asia got an unexpected boost following the commitment of the Bank of Japan and the U.S. Federal Reserve to help protect markets from the damaging impact of the coronavirus. The Asian markets reversed early losses as investors put their hopes on a harmonized global monetary policy response. BOJ Governor Haruhiko Kuroda, in a rare […]
IMF, World bank express readiness to lend amid virus crisis
The International Monetary Fund (IMF) and the World Bank have already developed contingency plans to be able to provide funding to the global fight against the coronavirus (COVID-19). IMF spokesman Gerry Rice said that the institutions are willing to lend capital should any state government requests for assistance. “We have various financial instruments that could […]
India emerged as 5th world’s largest economy with $2.94 trillion GDP
China accepts help from int’l experts as coronavirus worsens
OPEC advances meeting to discuss oil price cuts amid coronavirus
China’s claim on Spratly violated Philippine sovereign rights, World court says
The Permanent Court of Arbitration (PCA) said that the Philippine sovereign rights were violated by China as it illicitly claimed jurisdiction over the Spratly Islands. In 2016, the tribunal officially declared that the Philippines has exclusive sovereign rights over the controversial West Philippine Sea (South China Sea), clearly invalidating China’s “nine-dash” demarcation line. Documents released by the world […]
China criticized for failure to provide accurate details and solutions for...
Thousands of people and experts around the world are criticizing China for withholding vital details and tough measures to control the outbreak of the 2019-novel coronavirus. Chinese scientists failed to share the virus itself to the World Health Organization despite being able to publicize the genome sequence of the virus. Global experts said that if China […]
Over 300 tourists in Aklan, Philippines already sent back to Wuhan,...
Philippine authorities said some 314 Chinese tourists in Kalibo, Aklan have been forcibly repatriated to novel coronavirus (nCov)-stricken Wuhan, China as of January 26. They are among the 500 passengers who left Wuhan and were bound for Boracay before the total lockdown was imposed by the Chinese government. Despite originally scheduled to return to China […]
