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Stocks gain after emergency BoE cut adds to stimulus hopes
LONDON (Reuters) – European stocks rose on Wednesday after the Bank of England joined other central banks in cutting interest rates, raising hopes for more co-ordinated monetary and fiscal stimulus to counter the economic shock from the coronavirus outbreak. File Photo: A street cleaning operative walks past the London Stock Exchange Group building in the …
Traveling this spring break? Here are some closures you may want to know about
HOUSTON – Traveling for spring break? The Texas Department of Transportation wants to make sure drivers are navigating in the safest and most efficient way possible. Because of major projects to increase visibility, traffic flow and safety, TxDOT will still continue working during these heavy travel periods. With a growing population, as well as spring …
LIVE: Six-vehicle crash on M60, lorry jack-knifed on M6 and more breaking traffic news
Emergency crews have rushed to the scene after six-vehicles crashed on the M60. The smash happened at about 7.30am between junction 20 for Blackley and junction 21 for Hollinwood. It is currently causing delays of around an hour for motorists. The M6 northbound near Warrington has also been closed after a lorry jack-knifed following a …
8 of your latest coronavirus questions, answered
Q. How long does it take to recover? “It takes anything up to six weeks to recover from this disease,” said Dr. Michael Ryan of the World Health Organization. “People who suffer very severe illness can take months to recover from the illness.” Recovery is often marked by a patient no longer showing symptoms and …
LIVE: Coronavirus outbreak all the latest breaking news
Health minister Nadine Dorries has become the first MP to be diagnosed with coronavirus. The Conservative MP said she has been self-isolating at home after testing positive, and her parliamentary office has closed following advice from Public Health England. It came after the number of cases in the UK rose to 382, and a sixth …
Coronavirus outbreak worsens in Italy and Japan, as situation stabilizes in China
On Wednesday, China reported a slight increase in new daily cases, overturning several consecutive days of fewer new infections. The rise, from 19 on Monday to 24 on Tuesday, has been attributed to individuals returning from overseas, underscoring the difficulties faced by governments as the virus continues to spread rapidly across multiple continents. Neighboring Japan …
GBP/USD tumbles as BOE surprises with 0.25% rate cut
The Bank of England has announced a surprise 50 basis point rate cut from 0.75% to 0.25%. Both outgoing Governor Mark Carney and his successor Andrew Bailey had previously said that they are ready to act in face of the coronavirus crisis. While the move is not a total surprise, but the timing – outside …
Trump endorses Tuberville over Jeff Sessions ahead of Alabama runoff
“Tommy Tuberville (@TTuberville) is running for the U.S. Senate from the Great State of Alabama,” Trump said in a pair of tweets. “Tommy was a terrific head football coach at Auburn University. He is a REAL LEADER who will never let MAGA/KAG, or our Country, down! Tommy will protect your Second Amendment…. “….(which is under …
First case of COVID-19 confirmed in Alachua County
ALACHUA COUNTY, Fla. (WCJB) — The governor of Illinois, JB Pritzker, has just announced a disaster proclamation in the state. He said he was formally announcing the proclamation, their “version of a state of emergency.” Governor Pritzker announced Monday in a press conference there were four additional cases of COVID-19 in the state, bringing the …
Oil jumps 10%, U.S. stocks rebound after market rout
NEW YORK/LONDON (Reuters) – Oil and global equity markets charged back on Tuesday after the prior day’s steep losses as the world’s biggest economies moved to cushion the impact of the coronavirus, but stock gains in Europe failed to hold as investors remained skittish. The price of Brent crude climbed 10% on hopes a supply …
