A currency trader covers his mouth at the foreign exchange dealing room of the KEB Hana Bank headquarters in Seoul, South Korea, on Wednesday. Associated Press
More than 570 people have been infected with the coronavirus across China and Wuhan, the city at the centre of the outbreak, has been placed under effective quarantine.
The rapid spread of coronavirus over the past few days to multiple countries is a matter of huge concern. COVID-19 has now been found in as many as 40 countries.
Although China reported its fewest new infections of coronavirus since January and its fewest deaths for a week, the world community needs to remain vigilant as the risks continue to remain enormous.
The Saudi energy minister told a conference of the G20 group of the world’s largest economies on Friday that ensuring affordable energy supply is key to facilitating a global economic recovery.
Al Ghandi Auto, the sole retailer for Cadillac in United Arab Emirates and GMC and Chevrolet dealer for Dubai and the Northern Emirates, has launched its Stay At Home courtesy service in a bid to curb social interaction and limit the spread of COVID-19.
If the India lockdown continues till mid-May along with moderate relaxation after the end of 21-day lockdown on April 14, it could put 32 million livelihoods at risk and swell non-performing loans (NPLs) by seven percentage points,
India’s foreign exchange reserves declined by $902 million during the week ended April 3. According to the RBI’s weekly statistical supplement, the overall forex reserves decreased to $474.66 billion from $475.56 billion reported for the week ended March 27.