Singapore headed for the worst recession since 2008 due to coronavirus
Singapore today became the first country in the world to report its economic growth data for the period during which the coronavirus outbreak became a pandemic, with data showing the country's GDP fell 10.6 percent from the last quarter. The International Monetary Fund has announced that the global economy could be headed for a recession both deeper and longer than the 2008 financial crisis.
data international crisis outbreak gdp singapore growth quarter economic coronavirus pandemic recession covid-19 fund imf monetary contraction 2008
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Shell Gas Station security guard attacked by three men asked to wear a mask
LOUIS – A security guard at a Shell Gas Station was attacked by three men who were asked to leave for not wearing masks. Police said the victim then grabbed his gun from his holster and fired at the suspects causing them to flee the scene. The suspect was listed in critical/stable condition.
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Japan’s economy shrinks at record rate, slammed by pandemic
Japanese media reported the latest drop was the worst since World War II. For the April-June period, Japan’s exports dropped at a whopping annual rate of 56%, while private consumption dipped at an annual rate of nearly 29%.
period recession worsened
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Gold prices dropped 6%, the worst single-day decline in seven years
Gold prices fell more than 6% yesterday, the worst one-day decline in seven years as investors’ risk appetite returned, boosting U.S. stocks. Spot gold tumbled as much as 6% to $1,927.30 per ounce, down sharply from Friday’s record intraday high of $2,089.20. On Wednesday morning during Asia hours, spot gold fell further, last trading at $1880.16
china us crisis prices gold
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Bank of England holds interest rate at 0.1%
In an important announcement on Thursday, the Bank of England held interest rates steady and maintained its existing level of asset purchases, as investors watched for signs that it is anticipating a slower economic recovery. The main lending rate was kept at 0.1%, as the central bank cut rates twice from 0.75% since the beginning of the coronavirus pandemic
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