Global economy heads for deepest recession since Great Depression as business comes to near standstill Inflation in the wealthiest countries has collapsed at the fastest pace since the financial crisis, as the coronavirus outbreak sinks the world into the deepest recession for almost a century. The Organisation for Economic Cooperation ... Read More »
Oil extended gains in Asia Tuesday on signs of improving demand as coronavirus-hit major economies begin to ease strict curbs and as top producers slash output. US benchmark West Texas Intermediate for June delivery was up 7.26 percent at $21.87 a barrel in morning trade. The contract ended about three ... Read More »
Company claims machine can produce 36,000 test results a day with 99.8 per cent accuracy A blood-screening company claims it has developed a “fast and accurate” antibody test – and is urging UK ministers to begin talks to bring it to the NHS. Quotient said its screening machines, which have received European ... Read More »
Dirty air is well known to worsen the heart and lung risk factors for Covid-19 – early research is cause for concern In many respects, it makes perfect sense. Patients with severe Covid-19 are twice as likely to have had pre-existing respiratory diseases and three times as likely to have ... Read More »
Millions of Europeans emerged from lockdown on Monday, with hardest-hit Italy leading the way out of its two-month coronavirus confinement. Blue skies greeted Romans as they stepped into a world forever changed by the pandemic that has now infected 3.5 million people. The milestone came as US Secretary of State ... Read More »
Experts at the University of Oxford said the first results of coronavirus vaccine trials could by ready as early as mid-June, as the institution announced a new partnership with drug giant AstraZeneca. The agreement with the British-Swedish pharmaceutical company will allow for rapid large-scale distribution of the vaccination around the world if the candidate proves ... Read More »
Ozone depletion over the Arctic hit a “record level” in March, the biggest since 2011, but the hole has now closed, the U.N. World Meteorological Organization (WMO) said on Friday. The springtime phenomenon in the northern hemisphere was driven by ozone-depleting substances still in the atmosphere and a very cold ... Read More »
Traders have had to rapidly adjust their day-to-day routine as the corornavirus pandemic has forced many around the world to work from home. Some are using software that lets them remotely log in to their work computers, while others have been given company PCs with specific programs installed. But it’s not ... Read More »
The coronavirus pandemic is likely to last between 18 and 24 months, scientists from the University of Minnesota have predicted. In a report published Thursday, researchers from the university’s Center for Infectious Disease Research and Policy (CIDRAP) stressed that Covid-19 was more contagious than the flu and was likely to ... Read More »
Countries must lift lockdowns gradually, while still being “on the look-out” for COVID-19 and ready to restore restrictions if the virus jumps back, the World Health Organization (WHO) said on Friday. Vulnerable people in institutions, including those in long-term care facilities, prisons and migrant dormitories, must be protected, its top ... Read More »
Lebanese Ministry of Information