Wrong the bottom line on u. S. Politics and policy is a matter of fact on the world. Hello daryn george this is counting the cost on al jazeera your weekly look at the world of business economics this week. A battle for the heart of opec who will capitulate 1st putin all m. B. A. s as a price war decimates the markets. Will the most liberal democratic nations by beijings Ai Facial Recognition Technology to control their citizens. And the lebanese lived a dream that was a delusion while lebanon was drowning in debt words of the Prime Minister of his country defaulted on its debt for the very 1st time. Well at a time when the world is dealing with the fast spreading coronavirus that has decimated supply chains induce panic buying and grounded flights the last thing it needed was 2 nations declaring economic war well saudi arabia and russia have been working together to prop up oil prices for the last 3 years but fell out of a riyadhs insistence that they agreed to cut oil supplies by 150
Shah Mahmood Qureshi talks to aljazeera. Hello im daryn jordan this is counting the cost of aljazeera your weekly look at the world of business and economics this week. A battle for the heart of opec who will capitulate 1st putin all m. B. A. s as a price war decimates the market. Will the most liberal democratic nations by beijings Ai Facial Recognition Technology to control their citizens. And the lebanese lived a dream that was a delusion while lebanon was drowning in debt words of the Prime Minister of his country defaulted on its debt for the very 1st time. Well at a time when the world is dealing with the fast spreading coronavirus that has decimated supply chains induce panic buying and grounded flights the last thing it needed was 2 nations declaring economic war well saudi arabia and russia have been working together to prop up oil prices for the last 3 years but fell out of a riyadhs insistence that they agreed to cut oil supplies by 1500000 barrels a day the reason was simpl
In the days and weeks ahead, we expect to see the number of cases, the number of deaths, and the number of affected countries to climb even higher. W. H. O. Has been assessing this outbreak around the clock, and were deeply concerned both by the alarming levels of spread and severity, and by the alarming levels of inaction. We have therefore made the assessment that covid19 can be characterized as a pandemic. Pandemic is not a word to use lightly. Or carelessly. Its a word that, if misused, can cause unreasonable fear or unjustified acceptance that the fight is over. That the fight is over, leading to unnecessary suffering and death. Describing the situation as a pandemic does not change w. H. O. s assessment of the threat posed by the virus. It doesnt change what w. H. O. Is doing, and it doesnt change what countries should do. We have never before seen a pandemic sparked by a coronavirus. This is the first pandemic caused by a coronavirus. And we have never before seen a pandemic tha
Level of spreading. The who has been assisting the outbreak around aroundtheclock. By thedeeply concerned alarming levels of spread and severity. And the alarming levels of inaction. We have come to the assessments that covid19 can be characterized as a pandemic. That is not a word to use lightly or carelessly. Misused,ord that if can cause unreasonable fear. Acceptance that the fight is over. Leading to unnecessary suffering and death. Describing the situation as a pandemic does not change our assessment of the threat posed by the virus. It does not change what we are doing. And it does not change what countries can do. We have never before seen a pandemic sparked by a coronavirus. This is the first pandemic caused by a coronavirus. Seen a pandemic that can be controlled at the same time. We have been in full response mode since we were notified of the first cases. We have called every day for countries to take urgent and aggressive action. Bell loudng the alarm and clear. Of the case
Federal reserve vice chairman speaking in washington to the National Association for business economics, saying that the fed is close log monitoring the coronavirus. So maybe a slightly different tone than last week. He said it will be a noticeable impact on china in the First Quarter, and that could spill over to the rest of the global economy. Too soon to speculation on the size or persistence of those global effects the probability of rate cuts reaching alltime highs for the individual contracts, april, a first duty now at 63 , it is probability of a second customer, and now over to 50 for a third cut in december for the first time, so the majority of position in the mart right for you, sara, going along with a huge decline in the tenyear to alltime lows and the downdraft in the stock market is now for there to be three rate cuts this year from the federal reserve. I know we parse every word from every fed official. Is the bottom line here that the fed is maybe storming to warm to t