Worldwide aircraft groundings as part of the effort to stop the spread of the Covid-19 virus will lead to unprecedented losses for global carriers, the International Air Transport Association (IATA) has warned. The aviation body has revised the projected global impact to the industry up from $252 billion to $314 billion in lost revenue. The...
Covid-19 has infected two million people and so far has killed 120,000. Half of humanity is under some form of social lockdown. And unemployment is exploding. But the biggest victims are trans people unable to have a sex change. Or at least, that's what they want you to think. Throughout the world, non-essential surgeries have...
The European Commission has urged EU member states to coordinate as they begin to ease lockdown restrictions, warning that failure to do so could result in new spikes of the coronavirus epidemic. Several EU states have announced plans or have already begun to relax restrictions imposed to contain the outbreak. The EU executive arm has...
Central banks and fiscal policy makers worldwide are launching huge stimulus measures in an effort to backstop the global economy, as the Covid-19 pandemic takes its toll. RT's Keiser Report talks to Mark Yusko of Morgan Creek Capital to figure out what lies ahead for the world economies, as entire industries are shutting down. “The...
The EIA expects US shale oil production to drop next month to 8.526 million barrels per day in the seven most prolific shale basins in the United States, according to new data published on Monday. The forecast for May for a 182,673-average barrel per day drop in oil production is expected to be the second...
The Philippines introduced a more aggressive testing program for the coronavirus on Tuesday to locate as many as 15,000 unknown infections, despite having implemented some of Asia's strictest and earliest lockdown measures. The Health Ministry said on Tuesday that total infections have reached 5,223, while deaths have increased to 335. Authorities have targeted several phases...
Leaders of Southeast Asian states agreed at their first video conference summit on Tuesday to fight together against the “gravest public health crisis” in 100 years. Coronavirus cases in countries of the Association of Southeast Asian Nations (ASEAN) over the past month have soared to more than 20,000 from fewer than 840. The death toll...
