Hit by pandemic and Brexit, London seeks to reinvent itself

More than a large financial center, the City, after the pandemic, seems more like a ghost town. The prospects of a Brexit darken the picture. Getting out of this double crisis will require more of London than its charm. Here, a story from the capital of England. ┬íCongratulations! This is what you usually hear when … Read more

Dollar, at its lowest level in two years; gold reaches historic price

In the face of the monetary policy announcement of the United States Federal Reserve (Fed) this Wednesday, the dollar loses value worldwide and hits its lowest level in the last two years, while gold is sold at the most expensive price in history. Compared to the other six major currencies, the Euro, the Japanese Yen, … Read more

Recovery Fund, drafted by Lagarde: “Well, but it could have been done better”

The pupil applies but could do more. Self Europe was a student this would be the judgment of the “teacher” Christine Lagarde, President of the ECB. Let me be clear, the agreement reached at the end of the longest EU Council in history is “important” and European leaders are promoted. With a small one reserve. … Read more

Oil falls in market worried about demand

The prices of Petroleum They fell slightly on Friday after gaining ground earlier in the day, in a market affected by the effects of the coronavirus pandemic on demand. The North Sea Brent barrel for delivery in August ended at $ 41.02 in London, down 0.1% from Thursday’s close. In New York, meanwhile, the barrel … Read more

COVID-19 drags JC Penney into bankruptcy

The iconic JC Penney department store in United States filed for bankruptcy, after 118 years of history, of which at least the last five years had stood out for the poor results in sales and closings of establishments. JC Penney’s misstep was accelerated in recent weeks by the adverse outlook caused by the coronavirus worldwide. … Read more

Warren Buffet divested part of its shares in Goldman Sachs

Berkshire rescued Goldman in 2008 when he invested $ 5 billion, initially through preferred stock, during the aftermath of the Lehman Brothers failure. Berkshire Hathaway, owned by Warren Buffett, is reported to have divested most of its stake in Goldman Sachs it acquired as the financial crisis deepened, a regulatory filing revealed Friday. Berkshire said … Read more

Corona is not the worst nightmare of the world economy … 6 crises have struck one of them

12:58 am Sunday 29 March 2020 Books – Mohamed Safwat The repercussions of the new Corona epidemic (Covid-19) continue to hit the global economy strongly, after several countries were forced to announce the complete closure, to face the epidemic that claimed the lives of nearly 25 thousand people around the world. On Friday, the International … Read more

Coronavirus: Why Are Orange Juice Prices Rising Worldwide?

The price of orange juice has skyrocketed by more than 20% this month as consumers looking for healthy products add and add during the current covid-19 pandemic. Demand has continued to rise in recent weeks and supply has been affected as growers have to step up efforts to transport their crops amid restrictions imposed to … Read more