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Strategies & Market Trends : The Financial Collapse of 2001 Unwinding -- Ignore unavailable to you. Want to Upgrade?

To: Elroy Jetson who wrote (4940)	3/24/2020 10:06:22 AM
From: elmatador	Respond to of 13798

Russia just had its warmest winter temperatures, leaving Moscow snowless This winter in Russia was the hottest ever in the 140-year history of meteorological observations, beating the previous temperature record from the winter of 2015-2016 by 1.3 degrees Celsius (2.3 degrees Fahrenheit), state-run Hydrometeorological Center of Russia reported Thursday. Moscow was even warmer, compared to normal, reporting a staggering 7.5 degrees Celsius (13.5 degrees Fahrenheit) above average and setting 11 all-time daily temperature records along the way. edition.cnn.com

To: Elroy Jetson who wrote (4940)	3/25/2020 6:36:23 AM
From: elmatador	Respond to of 13798

Ethiopia tries to see if there is money in the Covid thing: Seeks $150bn for African virus response Ethiopian Prime Minister Abiy Ahmed on Tuesday urged G20 leaders to help Africa cope with the coronavirus crisis by facilitating debt relief and providing $150 billion in emergency funding. 19:00 24/03/2020 The coronavirus across Africa: continent prepares for a long battle A high-ranking politician in Burkina Faso was the first person to die from the coronavirus in Sub-Saharan Africa. Major travel restrictions and school closures are just a few of the changes being felt on the ground as the continent grapples with t... Ethiopian Prime Minister Abiy Ahmed on Tuesday urged G20 leaders to help Africa cope with the coronavirus crisis by facilitating debt relief and providing $150 billion in emergency funding. The pandemic "poses an existential threat to the economies of African countries", Abiy's office said in a statement, adding that Ethiopia was "working closely with other African countries" in preparing the aid request. The heavy debt burdens of many African countries leave them ill-equipped to respond to pandemic-related economic shocks, as the cost of servicing debt exceeds many countries' health budgets, the statement said. "Just as the virus knows no borders, our responses should also know no borders," it said. Coronavirus reaches Eastern African countries and South Africa repatriates nationals from China: Afr Top news from Africa this week: - First coronavirus cases recorded in Kenya and Ethiopia - The Democratic Republic of Congo records first COVID-19 positive diagnosis as Ebola outbreak nears end - South Africa repatriates over 120 nationals from vi... Saudi Arabia, which currently presides over the G20, last week called for a "virtual" summit to coordinate an international response to the coronavirus crisis. French President Emmanuel Macron's office said on Monday that he had spoken by telephone with Chinese counterpart Xi Jinping and that the two leaders agreed on the need for emergency talks. After lagging behind the global curve for coronavirus infections and deaths, Africa has seen a rise in cases in recent days. As of Monday night, there were 1 654 reported cases across 43 African countries resulting in 52 deaths, according to the Africa Centres for Disease Control and Prevention. Experts warn that the coronavirus could quickly overwhelm weak African health systems. African economies will also be vulnerable in the face of "a dramatic decline in exports, disruption of global chains, and the sudden drying up of travel and tourism," Abiy's statement said. The proposed $150-billion aid package could include budgetary support from the World Bank and crisis financing from the International Monetary Fund, the statement said. To alleviate African debt burdens, Abiy proposed that interest payments on government loans "should be written off" and that "part of the debt of low-income countries should be written off". The IMF reported last year that seven African countries were in debt distress and that nine, including Ethiopia, were "at high risk of debt distress". Abiy's proposal comes one day after African finance ministers called for $100 billion in "immediate emergency economic stimulus" including the waiver of debt interest payments. Without a coordinated aid effort for the continent, the coronavirus "will have major and adverse implications on African economies and the society at large", according to a statement from the United Nations Economic Commission for Africa, which is headquartered in Addis Ababa.