Customer deposits in the banking sector dropped by $25.3 billion, or 15 percent, from the end of August 2019, when they first started declining, to the end of April 2020. Deposits, which stood at $148 billion at the end of April, were declining as a result of the bank run that was triggered by concerns […] Read more
Energy giant BP announced Monday it had lowered its oil price expectations through to 2050, saying the aftermath of the coronavirus pandemic was likely to accelerate the transition to a lower carbon economy and energy system. The U.K.-headquartered oil and gas company said it had been reviewing its portfolio and capital development plans as part of its […] Read more
The U.K. posted the biggest monthly fall in GDP (gross domestic product) in the country’s history in April, according to the Office for National Statistics. GDP fell by 20.4% compared to the previous month, a sharper contraction than the 18.4% expected by analysts polled by Reuters. This represented a 24.5% decline from April 2019, as […] Read more
Nearly half of Ontarians who plan to buy a home in the next two years say that they are willing to consider going ahead with a purchase even if they can only view the property virtually, according to a new poll commissioned by the Ontario Real Estate Association. Open houses have been suspended throughout the […] Read more
No one’s sure yet, but the target is sometime in early 2021. Vaccines in development around the world are in various stages of testing. Dr. Anthony Fauci, director of the National Institute of Allergy and Infectious Diseases, said he’s confident one of the vaccine candidates will be proven safe and effective by the first quarter […] Read more
Hollywood celebrities, musicians and political leaders gathered in front of the golden casket of George Floyd at a fiery memorial Thursday for the man whose death at the hands of police sparked global protests, with a civil-rights leader declaring it is time for black people to demand: “Get your knee off our necks!” The service […] Read more
Germans have long viewed the United States as a protector of human rights and democracy around the globe, the undisputed leader of the free world. But many have recoiled in horror at America’s chaos in the last week since the killing of black man George Floyd by police in Minneapolis, which US president Donald Trump […] Read more
This story is published in a content partnership with POLITICO. It was originally reported by Lara Seligman and Bryan Bender on politico.comon June 2, 2020 The optics this week are putting people inside the halls of the Pentagon on edge as images of US troops on the streets of the nation’s capital dominate airwaves across […] Read more
WASHINGTON — As the nation prepared for another night of violent protests sparked by the police killing of George Floyd, President Donald Trump threatened to deploy the military if states and cities failed to quell the demonstrations. “I am mobilizing all federal and local resources, civilian and military, to protect the rights of law abiding […] Read more
Some Spaniards are about to receive additional financial help as the government pushes through the first nationwide basic income, but there are doubts the initiative will reduce high levels of unemployment and inequality. The Socialist-led coalition government will be spending about 3 billion euros ($3.29 billion) every year to support poorer citizens. The basic income […] Read more
