According to ECB head Christine Lagarde, the European Union faces its most severe economic shock since the financial crisis as coronavirus spreads across the continent. European leaders are scrambling to contain the situation, but their efforts are too little, too late. German Chancellor Angela Merkel admits the situation is out of control. She predicts coronavirus…
Risk sentiment soured in the U.S. stock market ahead of a long weekend as more lawmakers claimed China is losing control of the coronavirus outbreak. Boeing stock added to the Dow Jones’ troubles as United Airlines pushed back the return of the 737 MAX to September. Troubling industrial production data is likely to only get…
Huawei’s CFO, Meng Wanzhou, is facing extradition to the United States. She stands accused of a litany of crimes including bank fraud and money laundering. But is this really about Meng’s crimes? Or is it about 5G internet? Today marks the 416th day since Huawei’s CFO, Meng Wanzhou, was arrested at Vancouver airport. Canada detained…
The FTSE 100 was on a knife-edge on Tuesday morning, swinging in and out of the red in the first hour of trading. The UK stock market index took a hit as the full financial impact of a no-deal Brexit begins to take hold. The Institute for Fiscal Studies (IFS) warned that government borrowing would…
