Wednesday, June 10, 2020

Mixed close on Wall Street after Fed warns of long road to recovery

Wall Street closed the day in mixed territory Wednesday after the
Federal Reserve warned of a long road to recovery.

May's labor market data spurred hopes that the economy will quickly
rebound but the Fed warn that Covid-19 could have a lasting impact.

William Denselow reports from New York.

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UK TO IMPLEMENT 'BUBBLE' SYSTEM, FOR PEOPLE LIVING ALONE

UK Prime Minister Boris Johnson has announced another step towards easing the country's coronavirus lockdown, with zoos and drive-in cinemas allowed to open once again in England from Monday.

But it comes as a former key scientific adviser to the government claims the UK's death toll could have been halved - from 50,000 to 25,000 - if it had locked down a week earlier in March.

Stuart Smith reports from London.

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Former Justice Dept Workers Want Atty General's Role Reviewed

More than a thousand former US Justice Department workers are asking for an internal review of the Attorney General's handling of street protests. In a letter to the Justice Department Inspector General they cite Attorney General William Barr's involvement in the clearing of mostly peaceful demonstrators in Washington DC last week, ahead of a photo opportunity for President Trump. 


US Correspondent Rachel Silverman has more. 


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U.S. Fed expect no rate change until 2022

The U.S. Federal Reserve says it expects to keep interest rates at
zero percent into 2022.

It predicts U.S. GDP will fall 6.5% this year and unemployment will near 10%.

Nick Harper reports from Washington.

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QATAR, TURKISH, EMIRATES AND FLYDUBAI RESUME FLIGHTS TO TANZANIA

Leading airlines are set to resume their passenger scheduled flights to Tanzania from mid-June onwards after suspension of flights to Africa and other global destinations in March this year.


Daniel Kijo reports.


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Key coronavirus vaccine trials to begin this summer

Trials for three potential coronavirus vaccines are set to ramp up
over the next few months.

According to a leading U.S. government vaccine researcher tens of
thousands of people will take part in studies across the country.

William Denselow reports from New York.

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George Floyd's brother urges US lawmakers to ensure he didn't die in vain (wrap)

The brother of George Floyd, who died during an arrest by police in Minnesota, has urged US lawmakers to ensure he did not die in vain.


Philonise Floyd is giving testimony at a House Judiciary Committee hearing about police brutality and racial profiling.

 

Kate Fisher reports from Washington


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CrossFit CEO resigns over George Floyd comments

The CEO of CrossFit has stepped down after being criticized for
comments he made about the killing of George Floyd.

Gregg Glassman has apologised for posting a tweet making light of Mr
Floyd's death.

Sarah Walton reports from New York

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UK ECONOMY WORST HIT IN DEVELOPED WORLD BY COVID-19

The UK is likely to suffer the worst economic damage from the Covid-19 crisis of any country in the developed world according a new forecast. 


A leading think-tank, the OECD, predicts that the British economy will shrink by 11.5% during 2020, outstripping the falls in France, Italy, Spain and Germany. 


Holly Hudson has more.


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Swedish authorities close case into death of former PM in 1986

Swedish prosecutors have named the man they say killed the country's Prime Minister in 1986. 

Olof Palme was shot dead 34 years ago in central Stockholm. 

Authorities say his killer was graphic designer Stig Engstrom, who took his own life in the year 2000. 

Our Europe Correspondent Lucy Hough has this report. 

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Moscow recorded nearly 6,000 excess May deaths

Some 5,799 excess deaths were recorded in Moscow in May at the height of the city's coronavirus pandemic. The overall COVID-19 death toll across Russia is 6,358, a figure that critics are viewing with scepticism. Julia Chapman has more.

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DR Congo Violence

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The UN's refugee agency says it has run out of money to help hundreds of people displaced by conflict in the Democratic Republic of Congo.

The agency says it has received only 20 percent of its 168 million dollar appeal.

Chris Ocamiringa filed this report from Kinshasa.



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France announces third Covid-19 budget update

The French finance minister is presenting his third special budget since the start of the coronavirus pandemic.

Since his most recent update, multi-billion-dollar bailouts for the car and airline industries in France have been announced.

Ross Cullen has more from Paris.

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AUSTRALIA/NZ: Trans-Tasman travel bubble on hold due to Australian State border closures

Australia's State border restrictions are causing a hold up for a travel bubble to be established between Australia and New Zealand.
Leaders of both nations have expressed frustration with the delay.
Arthur Stevens reports

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UK UNDER PRESSURE OVER 2M RULE

The UK government is under growing pressure from business to ease its social distancing guidelines from 2 metres to 1 metre.

Entrepreneurs say that could save thousands of jobs as the economy starts to reopen.

The government says pubs, restaurants and nightclubs won't be opening before July 4th.

But current distancing guidelines will require all customers to be 2 metres apart from each other.

Manchester hospitality businessman Sacha Lord says the guidance is crucial.

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Delhi Minister says capital will see half a million COVID 19 cases by July

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Delhi's Deputy Chief Minister says India's capital will see almost half a million coronavirus cases by the end of July.

India is seeing a massive surge in new cases and is expected to overtake the UK in the number of infections in the coming days.

Ishan Garg has more from New Delhi.

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N. Korea newspaper: country 'ablaze with fury' over anti-North propaganda

North Korea's state newspaper the Rodong Sinmun has said the whole country is 'ablaze with fury' over anti-North Korea activists in South Korea. Their activity even prompted Pyongyang to say it's cutting off all communications with the South.

Bruce Harrison has the latest from Seoul.

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Pompeo criticises HSBC's support of Beijing's Hong Kong security law

US Secretary of State Mike Pompeo has criticised London-based bank HSBC for supporting Beijing's proposed security law in Hong Kong.

In a statement he called HSBC's stance a "show of fealty" that "seems to have earned HSBC little respect in Beijing".

Our Washington Correspondent Jagruti Dave has more..

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Rev Al Sharpton gives Eulogy at George Floyd's Funeral

The Reverend Al Sharpton has given a eulogy at George Floyd's funeral in Texas.

He praised the protests following the death of George Floyd and criticised President Donald Trump's threats to use the military against protesters.

Our US Correspondent Jagruti Dave reports.

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Tuesday, June 9, 2020

Wall Street awaits conclusion of Federal Reserve meeting

It was a mixed day for the U.S. markets Tuesday with investors
awaiting the conclusion of the Federal Reserve's two day policy
meeting on Wednesday.

Wall Street is eagerly awaiting reaction from Fed Chair Jerome Powell
following Friday's better-than-expected labor market data.

William Denselow reports from New York.

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