German court asked ECB to prove the proportionate bond buying program
The chairman of the German constitutional court Andreas Vosskuhle spoke on Tuesday at the Constitutional court in Karlsruhe, to give out the ruling about the European Central Bank's economic stimulus program for the Eurozone economy, the court said that ECB must clarify that the key bond-buying scheme to support the eurozone economy is "proportionate" or else Germany's Bundesbank central bank may no longer participate.
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New Zealand plans to reopen malls and cinemas from Thursday
New Zealand eased restrictions on coronavirus lockdown as the country announced to open malls, cinemas, gyms, and cafes across different parts of the country from Thursday. New Zealand started easing lockdown measures late last month. The country has reported fewer than 10 new cases per day for most of the past one month, with the total confirmed infections standing at 1,147
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India offers massive land to lure companies leaving China
India is developing a land pool nearly double the size of Luxembourg to lure businesses moving out of China, according to people with knowledge of the matter. A total area of 461,589 hectares has been identified across the country for the purpose. That includes 115,131 hectares of existing industrial land in states such as Gujarat, Maharashtra, Tamil Nadu, and Andhra Pradesh
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International pressure mounting on China over the coronavirus outbreak
The U.K. has added to international pressure on China to answer questions over information it gave the world about the coronavirus outbreak. Asked Monday if China needed to explain how quickly it made the world aware of the extent of the virus, the U.K.’s defense minister said: “I think it does.” U.S. President Donald Trump has increasingly pointed the finger of blame at China
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It's an insane time pick (another) fight with China
It's an insane time pick (another) fight with China
Multiple Trump administration sources told CNN this week that there is an appetite to use various tools against China, the most alarming of which is the idea of retaliating against China by canceling US debt owed to Beijing, as first reported in The Washington Post. Brusuelas, the RSM economist, warned that canceling US debt held by China would "cause global financial markets to come to a screeching halt"
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