And miles persecution of muslims likening it to genocide well talk live to un special rapporteur young elite. Down. The giant asteroid is hurtling past earth. Strong in most. Sports including more doubts around the Tokyo Olympics is japans Prime Minister says it will be impossible to host the games next year unless the coronavirus is contained. For weeks planes have been grounded ships docked and factories closed around the world all an effort to counter the coronavirus pandemic well now the impact on the Global Economy is becoming clearer as Companies Start reporting their 1st Quarter Results the Aviation Industry for example its reeling and is expected now to take years to recover British Airways for example cutting over a quarter of its. And ab os when its posted a loss of half a 1000000000. 00 its all led to a worldwide collapse in the demand for oil and its price its now a surplus and no way to store its major exporters like saudi arabia and venezuela are feeling the crunch the ki
Suchi over the persecution of a 100 muslims and a giant asteroid is hurtling past earth but close enough for astronomers to study it. Were looking at the economic effects of the corona virus pandemic this hour they are being felt in many parts of the Global Economy aviation and oil is specially and its hitting the big players airbus has already said its bleeding cash at an unprecedented speed and announced it would cut production by a 3rd now it has posted a 1st quarter loss of half a 1000000000. 00 the chief executive of the european or a Swiss Company is warning this is quote the greatest crisis the industry has ever known its rival in the u. S. Boeing has already announced plans to cut 7000 jobs its chief executive predicts global revenues in the industry could drop by more than 300000000000 dollars this year and then 3 years after it will be in a recovery phase and in the u. K. British airways is set to shed up to 12000. 00 jobs which would be a 3rd of its workforce the airline has
Governor of Lebanons Central Bank is defending its organizations role during the economic crisis there are protests against lebanons deepening financial problems of turned violent for 2 nights in a row for the governor wants the blame pointed elsewhere he says the central bank only finances the government and is not responsible for how any of the money is actually spent. To me we hide nothing in the central bank of lebanon nothing is being done unilaterally in the central bank expenditure belongs to the Financial System in lebanon other than that it is an attack that i am not telling the truth to the public of lebanon in order to increase the campaign against the governor of the central bank sir hold that has more from beirut. A few days ago the lebanese Prime Minister even insinuated he went as far as to insinuate that the Central Bank Governor is tampering with Financial Stability for political gain said he was engineering the collapse of the currency to topple the government today w
Saudi arabias all revenues 24 percent in 3 months as the pandemic drains demand protect the Children Charities sound the alarm about child abuse during long downs. The Economic Impact of the coronavirus pandemic continues to reveal itself in the last few hours the Worlds Largest economy the us reported a 1st quarter g. D. P. Loss of nearly 5 percent thats the worst result since the 2008 financial crisis airplane make a boeing suffered a 640000000. 00 loss in the 1st quarter. Also reported a loss of half a 1000000000. 00 lets cross over now to our White House Correspondent Kimberly Halkett so pretty grim figures for the 1st quarter and apparently theyre expected to get worse Going Forward right. Thats right because this really takes into account the reflection of when the stay at home order started in march but not so much for january and february so there is an expectation that the next quarter is going to be nothing short of horrific in terms of those numbers projected to be almost Gr
Governments. Computer says no. A Technical Glitch holds trading for more than three hours. Raising tensions on wall street as details on the outage remain unknown. Air france lands a deal with dutch pilots over pay and benefits clearing the way for its restructuring plan. Hi everyone. Im seema mody. Coming up on todays show movers and shakers as some of the biggest names in business gather in idaho. Well discover what black bustockbuster bids are in the work. Plus would you turn down 30 murder in the Second Degree for a business idea . Well show you what happened with the creators of a dating app appeared on primetime. Chinese security regulator stopped large shareholders from cutting their stake. The ban will last six months with those not adhering to the rule facing punishment. Its up 5. 8 . Martin has the latest for us in singapore. Thanks a lot. Wilfred good morning. Thats the big story here. Limiting big shareholders. 5 or more from selling out for at least six months. Thats the m