Bankruptcies and lay-offs might be lurking now, as the International Monetary Fund (IMF) head has already called the present slowdown a recession. “It’s now a recession,” asserted IMF Managing Director Kristalina Georgieva on Saturday. Read Meanwhile, the US…
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Month: March 2020
£475m trust is quick to go on the defensive – but still hopes to grow its dividend
Although manager Alasdair McKinnon was relatively quick off the mark in turning the portfolio of investment trust Scottish defensive, it hasn’t stopped the share price sliding. Shares in the global fund are down nearly 15 per cent over the past month. It wa…
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‘Southeast Michigan is burning’: Michigan’s coronavirus case count doubles every 3 days
Sick people fill intensive care units of already overtaxed southeastern Michigan hospitals at a pace of about 100 new coronavirus patients a day. So far, 111 Michiganders have died, and at least 4,650 had confirmed cases of COVID-19 as of Saturday afternoon,…
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Africa needs China’s aid now more than ever
By Shannon Ebrahim19m ago China always said a friend in need was a friend indeed, and our continent needs Chinas help more than at any other time in recent history. Without necessary personal protective equipment for health workers, ventilators for the crit…
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Why Is Everyone So Surprised Detroit Isn’t Prioritizing EVs?
News arose yesterday that General Motors’ and Ford Motor Company’s battle plans rely heavily on SUV and pickup sales, rather than electric vehicles. Details of the corporate strategies, first shared by Reuters, soon circulated through the media, with many out…
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