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Asia stocks dive, dollar soars as ECB bazooka fails to ease fears

by AIP Online Bureau | Mar 19, 2020 | Disaster & Management, Eco/Invest/Demography, Health, International News

Hong Kong: Asian equities took another beating Thursday while the dollar surged as a European Central Bank plan to spend more than USD 800 billion to buy bonds failed to instil optimism in traders that the world is heading for a virus-fuelled economic catastrophe....

ECB to print 1 trillion euro this year to stem coronavirus rout

by AIP Online Bureau | Mar 19, 2020 | Disaster & Management, Eco/Invest/Demography, Health, International News

FRANKFURT: The European Central Bank launched new bond purchases worth 750 billion euros at an emergency meeting late on Wednesday in a bid to stop a pandemic-induced financial rout shredding the euro zone’s economy and renew concerns about the bloc’s...

Caronavirus Pandemic:AIR Worldwide estimates global deaths could rise 10K-30K by March end

by AIP Online Bureau | Mar 19, 2020 | Disaster & Management, Eco/Invest/Demography, Health, International News

Boston:  AIR Worldwide, the Boston-based catastrophe risk modeling firm, projected the number of severe cases of COVID-19 could range between 200,000 and 900,000 globally, with deaths ranging from 10,000 to 30,500, from now until April 1.During the same time...

Beijing hit by record imported coronavirus cases,claims zero China transmissions

by AIP Online Bureau | Mar 18, 2020 | Disaster & Management, Eco/Invest/Demography, Health, International News

    BEIJING/SHANGHAI: Beijing was hit by a record number of imported cases of the coronavirus as new local transmissions in China fell to zero, putting more pressure on the Chinese capital to screen out infected passengers and isolate suspected cases.It was...

Flooded toilets, dirty sheets: South Asia quarantine centres worry experts

by AIP Online Bureau | Mar 18, 2020 | Disaster & Management, Eco/Invest/Demography, Facts, Health

  NEW DELHI: When Mrinal Sabharwal and his wife landed in New Delhi with hundreds of other passengers from Barcelona on Monday, they expected clean coronavirus quarantine facilities.Instead, after hours of waiting at the airport and on a bus, they were taken to a...

Cash is king as emergency stimulus fails to stop market panic

by AIP Online Bureau | Mar 18, 2020 | Disaster & Management, Eco/Invest/Demography, Health, International News

SINGAPORE: The dollar surged and everything else was blown away on Thursday as emergency central bank measures in Europe, the United States and Australia failed to halt a fresh wave of panic selling.“There’s no buyers, there’s not much liquidity and...

India mulls up to $1.6 billion rescue plan for aviation sector after coronavirus – sources

by AIP Online Bureau | Mar 18, 2020 | Disaster & Management, Eco/Invest/Demography, Health, Indian News

New Delhi: India is planning a rescue package worth as much as $1.6 billion for the aviation sector, which has been battered after the coronavirus outbreak forced countries to close borders and brought air travel to a near-halt, two government sources told Reuters....

Sensex plummets over 2,100 pts; Nifty drops below 7,900

by AIP Online Bureau | Mar 18, 2020 | Disaster & Management, Eco/Invest/Demography, Health, Indian News

  Mumbai: Equity benchmark Sensex plummeted over 2,100 points and the Nifty gave up the 7,900 level in opening session on Thursday as global gloom over the Covid-19 pandemic continued to hammer equities.   India has reported 169 cases of Covid-19 till now,...

Stunned world grapples with ‘once-in-100-year’ coronavirus battle

by AIP Online Bureau | Mar 18, 2020 | Disaster & Management, Eco/Invest/Demography, Health, International News

MADRID/BEIJING: Hundreds of millions of people worldwide were adjusting on Wednesday to once-in-a-generation measures to battle the coronavirus crisis that is not only killing the old and vulnerable but also threatening prolonged economic misery. The fast-spreading...

Checking Coronavirus: ADB announces $6.5 bn package for developing member countries

by AIP Online Bureau | Mar 18, 2020 | Disaster & Management, Eco/Invest/Demography, Health, International News

  Manila: The Asian Development Bank (ADB) on Wednesday announced a USD 6.5 billion package for its developing member countries to fight the coronavirus pandemic. The initial package has been announced to address the immediate needs of developing member countries...
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