Bill Ackman addressed claims that he fanned fears of the novel coronavirus to benefit his hedge fund in a letter to investors on Thursday . The billionaire boss of Pershing Square Capital Management which turned $27 million in hedges into $2.6 billion during the recent market sell-off warned of mass casualties, industries collapsing, and a deep recession […]
The Federal Reserve’s balance sheet surpassed $5 trillion for the first time as the coronavirus threat drove major liquidity operations. The central bank added $586 billion worth of assets in the week ended March 25, according to a Thursday release , bringing its total holdings to $5.3 trillion. Treasury and mortgage-backed securities accounted for $355 billion in […]
Donald Trump’s pride and ego will have “global repercussions” for tackling the coronavirus pandemic, according to a South Korean doctor, whose aggressive approach to tackling the virus was a model for the country’s success. Doctor Min Pok-Kee told Wired that the US was “very late” in realising the importance of mass-testing for the virus and […]
Boris Johnson has tested positive for the coronavirus but will remain in post despite experiencing symptoms of the virus. His spokesperson said he will remain as PM and continue his duties through teleconferencing. However, if he becomes too ill to remain in post, a member of his Cabinet will take his place. Here is the plan for […]
Jeff Bezos posted a picture to Instagram of himself having a video-call with the Director General of WHO to discuss the coronavirus outbreak. Bezos said Amazon is already supporting WHO with IT support and providing AI to help its epidemic-mapping tools. “We also discussed the urgent need for collective action to produce and distribute plentiful […]
Amazon, Microsoft, and Palantir have signed on to help create an interactive coronavirus response dashboard for Britain’s National Health Service (NHS). The dashboard will pool data from the NHS and its partners and help healthcare workers make decisions about allocating resources. The deal throws up privacy concerns, as the NHS will be sharing sensitive health […]
Ghana and six other West African countries have secured some $379 million from the World Bank Group in International Development Association (IDA) credits and grants. This is to help harmonize and strengthen statistical systems in the various counties. The other six ECOWAS countries are Burkina Faso, Cabo Verde, Ivory Coast, Liberia, Sierra Leone and Togo. […]
More than 1,800 cases of coronavirus have been confirmed across Africa. Countries in the continent are, hence, imposing a range of prevention and containment measures against the spread of the pandemic. According to the latest data, of the WHO on COVID-19 in Africa, the breakdown remains fluid as countries confirm cases as and when. The […]
Ghana has recorded 64 more cases of the novel coronavirus as of Thursday, March 26, 2020. The Ghana Health Service confirmed on its Twitter handle. This brings the number of infected people in Ghana to 132 54 cases including three (3) deaths have been confirmed from the regular surveillance systems78 confirmed cases among travelers under […]
Indian authorities in the northern state of Punjab have quarantined around 40,000 residents from 20 villages following a Covid-19 outbreak linked to just one man. The 70-year-old died of coronavirus – a fact found out only after his death. The man, a preacher, had ignored advice to self quarantine after returning from a trip to […]
The Nuntium 