Stabilising the epidemic only buys time to find an effective treatment or vaccine. Perhaps the warmer temperatures will help, if we responsibly socially distance outdoors while the epidemic rumbles on. But when the colder weather pushes us indoors, without a vaccine, and unless contact tracing is stepped up, there will be a second wave: the epidemic will resurge. Not because it had to, but because we did not push the virus closer to extinction, we did not plan properly for the rebound, and thus gave the virus a second lease of life. And all of this will guarantee more Covid-19 deaths in the UK. … [Read more...] about The coronavirus infection rate is still too high. There will be a second wave
Response rate survey
SEOUL, May 28 (Xinhua) -- South Korea's central bank on Thursday cut its benchmark interest rate to a new record low of 0.50 percent to tackle an economic fallout from the COVID-19 outbreak across the world. … [Read more...] about S.Korea cuts interest rate by 25 basis points to 0.50 pct
Chongli, a district of the city of Zhangjiakou, in Hebei, is situated 200 km northwest of Beijing. It has become a popular skiing destination since Beijing won a joint bid in 2015 with Zhangjiakou to host the 2022 Winter Olympics. … [Read more...] about Emergency response team for 2022 Winter Olympics ski venue
The CCS asks a question on current perception of income with three options: it has increased, remained the same or decreased. To be sure, the CCS only measures urban sentiment. There is reason to believe that rural areas were no better. Real rural wages have been declining in the last few quarters. … [Read more...] about What does a GDP contraction in FY 2020-21 entail for India?
The pound stood at 89.35 pence per euro and was under pressure at $1.2107 after a week-long deadlock over a post-Brexit trade deal with the European Union and increasing focus on the possibility of negative rates. … [Read more...] about FOREX–Dollar weakens as stocks gain; Norway’s crown jumps
Mumbai: Benchmark bond yields this year could slide below 6 per cent, a threshold last touched before WhatsApp’s birth, India’s cricket World Cup triumph on home soil, and Manmohan Singh’s return as a second-time premier. An ET survey of 23 market participants showed that the yield on India's 10-year bond is set to slump by December-end to 6 per cent or less. The gauge had hit such a trough on January 28, 2009, in the immediate aftermath of the global financial crisis. And much like the last time, experts believe record low costs of debt funding will now fuel an investment boom that has remained in the anticipation zone the past few years. “The overall lower yield environment seems to be here now for a longer time frame, as economic growth both at home and abroad seems to slow, with benign inflation,” said Vijay Sharma, head of fixed-income at PNB Gilts, a Delhi-based bond house. “Negative yields in most of the developed markets will ultimately … [Read more...] about Govt bond yields could slide below 6% this year