Rolling in toilet paper - Australian family over-orders coveted commodity
An Australian family is rolling in a much-coveted commodity after mistakenly ordering 48 boxes instead of 48 rolls of toilet paper online.
An Australian family is rolling in a much-coveted commodity after mistakenly ordering 48 boxes instead of 48 rolls of toilet paper online.
Traders of futures contracts tied to the Federal Reserve's policy rate were betting Friday on another, even bigger reduction to borrowing costs at the U.S. central bank's mid-March meeting.
Greece has confirmed 14 new cases of coronavirus infection, health authorities said on Friday, bringing the total in the country to 45.
U.S. stock index futures dropped sharply on Friday as compounding fears about the economic damage from the coronavirus epidemic drove investors to perceived safe havens such as bonds and gold.
It might be tempting to move your retirement savings to assets that won't go down when the market suffers big drops, as it has in recent days. But that might not make sense if you're still far away from retirement.
The world's largest coffee chain Starbucks Corp has stopped accepting reusable cups from customers to prevent the spread of coronavirus, though it will still honor the promised discount for anyone carrying one.
Shares in India's Yes Bank plunged on Friday as panicky depositors rushed to withdraw funds and payment partners faced outages after the banking regulator took control of the lender in a late-night move and limited withdrawals.
Oil prices were down nearly 4% on Friday on concerns that OPEC might not go ahead with steeper oil output cuts to bolster prices after Reuters reported that Russia rejected the proposal.
Policymakers have taken a range of approaches to deal with the economic fallout from the coronavirus, from emergency interest rate cuts and big spending packages to a wait-and-see-stance and pledges of action if required.
The number of people infected with the new coronavirus across the world surpassed 100,000 on Friday as the economic damage intensified, with business districts beginning to empty and stock markets tumbling.
BBC News | Beth Timmins | March 5, 2020 Mongolia's vast grasslands cover about three-quarters of the country, where nomadic herdsmen have maintained traditions stretching back centuries. But this world is changing - fast. About 70% of this once verdant land has now been damaged, mostly due to overgrazing. The main culprit is the country's
OPEC has failed to secure a deal with Russia and other non-OPEC producers on its plans for big, additional oil production cuts, two OPEC sources said on Friday at talks between ministers from the informal alliance known as OPEC+.
U.S. stocks opened sharply lower on Friday, as the global tally of coronavirus infections surpassed 100,000 and jittery investors took cover in perceived safe havens such as bonds and gold.
U.S. employers maintained a robust pace of hiring in February, giving the economy a strong boost as it confronts the coronavirus outbreak that has stoked financial market fears of a recession and prompted an emergency interest rate cut from the Federal Reserve.
The European Commission is considering various steps to help member states with the economic impact of the coronavirus outbreak, including targeted waivers on state aid rules, an official of the EU executive said on Friday.