Markets
Gold holds near 1-month peak as coronavirus worries deepen
The gold / silver ratio now stands at 107.30 to 1, which means the amount of silver required to buy one ounce of gold . In the global market, the price of gold has gone to the peak of nearly seven and a half years, due to which, in the Indian futures market, gold is moving towards a new peak. [Full Article...]
Georgia Restaurant's $1 Bills Will Be Divided Among Employees
It took three-and-a-half-days to remove all the money. The restrictions, put in place to help control the spread of the virus, also left businesses - including Knox's - struggling financially. The town has a population of about 3,000 people. In turn, one of the bartenders donated her portion to another Tybee Island bartender, CNN reported. [Full Article...]
Canadian firm given approval for 'rapid, accurate and portable' COVID-19 test
Stephen Bartol, an orthopaedic surgeon who co-founded Audacia Bioscience with Phillip Olla. This means the test could be used at airports, border crossings, pharmacies, doctors' offices, and so much more. Currently, COVID-19 testing is carried out by using a long swab, inserted into the nose. Last month, company CEO Paul Lem said the tests would involve two mouth swabs plugged into the coffee cu... [Full Article...]
Colorado meatpacking plant closed for coronavirus testing
JBS' closure comes after the Weld County Department of Public Health and Environment and the Colorado Department of Public Health and Environment issued an order Saturday requiring the plant to close until April 15 for sanitization. Masks have been identified as an effective preventative measure against spreading the virus and Gov. Polis has encouraged all Coloradans to wear masks while in pub... [Full Article...]
Trump says OPEC+ planning to cut production 20 mn bpd
The compromise by OPEC + - the alliance of OPEC members and non-OPEC producers - to accommodate Mexico, which was not ready to reduce output by 400,000 barrels a day. Mexico had initially blocked the deal but its president, Andres Manuel Lopez Obrador, had said on Friday that he had agreed with USA president Donald Trump that the U.S. [Full Article...]
Disney World to furlough 43,000 workers due to coronavirus
Disney World , where dreams come true. Some of the 43,000 workers whose unions reached a deal with Walt Disney World over the weekend on temporary furloughs that allow them to keep their benefits aren't going quietly. Most of the employees are security guards and other workers involved in operating the facilities. With Disney World now closed "until further notice " they had to make some to... [Full Article...]
First results in on Gilead coronavirus drug but more study needed
On the plus side, 17 of 30 patients receiving mechanical ventilation were extubated, and three of four receiving extracorporeal membrane oxygenation (ECMO) were removed from it, all surviving at last follow-up. Most of the excitement stems from relentless social media promotion of a tiny French study whose methodology has been heavily criticised by many United States medical experts. [Full Article...]
Trump says record oil production cuts will soon DOUBLE
Global oil producers have already agreed on the world's largest ever production cut, but US President Donald Trump has said that cut may soon be doubled, to bring the world "back to business" from the coronavirus pandemic. Saudi energy minister Abdulaziz bin Salman stated that effective oil supply cuts from OPEC and its allies would amount to 12.5 million barrels per day, because of a higher outpu... [Full Article...]