What Trump Said About China

The FINANCIAL -- “China’s pattern of misconduct is well known. For decades, they have ripped off the United States like no one has ever done before. Hundreds of billions of dollars a year were lost dealing with China, especially over the years…

9 mins read

Airbnb: 40% drop in bookings and loss of $276.4 million

The FINANCIAL — Airbnb Inc’s bookings in major cities across the world have plunged. People are deciding to cancel travel plans because of the coronavirus outbreak. Also, there is an increasing number of travel restrictions being put in place around the world.…

4 mins read

Hackers are using fake coronavirus maps to spread malware

The FINANCIAL — There have identified several fake coronavirus tracker maps that infect people’s computers with malware. The tactic starts with hackers circulating links to malicious websites disguised as COVID-19 maps. When there is a crisis, people are hungry for information. As…

6 mins read

WHO: COVID-19 has been declared as pandemic

The FINANCIAL — For weeks The World Health Organization had held off but on Wednesday WHO declared that the spread of COVID-19 has become a pandemic. The rapid spread of the virus in more countries likely contributed to the WHO’s decision to…

5 mins read

Face masks are selling out but do they really work?

The FINANCIAL — The prices of masks are now rocketing as shops sell out but do they really work? China confiscated 31 million counterfeit face masks during the coronavirus outbreak. Amazon is warning sellers if they’re charging too much for face masks.…

7 mins read

Oil prices are falling again

The FINANCIAL – Oil prices are plunging again. Opec members wanted to bring next week’s Vienna meeting forward to late February, but Russia would not agree. The plunge in oil prices has clobbered energy stocks, which entered a bear market late last…

5 mins read

Facebook cancels F8 developer conference will Apple do the same?

The FINANCIAL — Facebook announced that its annual developer conference, F8, will be canceled due to coronavirus fears. Instead of the F8 event the company would organize “a combo of locally hosted events, videos and live streamed content. Apple usually announces the dates…

5 mins read

Tourism in France expected to drop by 30-40%

The FINANCIAL — France welcomes around 2.7 million Chinese tourists to the country each year. The new coronavirus outbreak is depriving France hotels, restaurants and retailers of big-spending Chinese visitors. Also, France confirmed two new cases of coronavirus. As stock markets around…

5 mins read

World’s biggest economies are heading for a recession

The FINANACIAL — There are signs that some of the world’s top economies could slump as coronavirus outbreak compounds pre-existing weaknesses. Japan’s economy shrank at an annual pace of 6.3% last quarter. The closely-watched ZEW Indicator of Economic Sentiment in Germany decreased…

5 mins read