Coronavirus leads to worst week for markets after financial crisis

Coronavirus leads to worst week for markets after financial crisis

The rapid spread of the coronavirus has triggered the biggest plunge in global stock markets since the financial crisis, amid rising fears over the impact on the world economy of the deadly disease and the efforts to contain it. An increasing number of countries and companies are imposing tough measures to limit the spread of the Covid-19 disease, with mounting costs for company profits and growth. The outbreak has led to the fastest reversal for the stock market since 1933 during the Great Depression. Wall Street has slumped from record-breaking…

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Nutritional supplements for healthier citizens and a stronger economy in the EU

Nutritional supplements for healthier citizens and a stronger economy in the EU

Food supplements can improve public health and reduce pressure on the sustainability of healthcare systems in the EU. However, to achieve the full potential of the sector, the EU needs a clear political strategy and stable legislative framework write MEPs Simona Bonafè and Pascal Arimont. The topic was discussed last Tuesday (18 February) during the event “Food supplements for healthier citizens and a stronger economy in the EU” supported by the European Federation of Associations of Health Product Manufacturers (EHPM), representing approximately 1,600 specialist health-product manufacturers and distributors (mostly SMEs)….

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According to the Minister, the Australian Grand Prix will continue, despite concerns about the coronavirus

According to the Minister, the Australian Grand Prix will continue, despite concerns about the coronavirus

The Australian Grand Prix will go ahead next month despite concerns that the spread of coronavirus may impact the start of the Formula One season, the Victorian government has said. Concerns about the viability of the season are growing with the spread of the outbreak in northern Italy, where Ferrari and the Alpha Tauri team are headquartered. On Wednesday local time, Italian authorities said the number of confirmed Covid-19 cases had surged to 400, with 12 deaths. The Formula One chief executive, Chase Carey, told reporters that the three opening…

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Ireland needs a stable government to negotiate after Brexit

Ireland needs a stable government to negotiate after Brexit

The post-Brexit negotiations with the UK are particularly vital for Ireland and dealing with them requires a stable government in office, writes Dick Roche. Dick Roche is a former Fianna Fáil politician. He was the minister of state for European affairs when Ireland conducted the two referendums on the Treaty of Lisbon of the European Union, in 2008 and 2009. Ireland’s 8 February general election delivered an indecisive result. The top three parties Fianna Fáil, Sinn Féin and Fine Gael returned to the 160-member Dáil with 38, 37 and 35…

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The EU cut disposable plastics last year. Now we need to do the same for all other resources.

The EU cut disposable plastics last year. Now we need to do the same for all other resources.

Last year the EU passed ambitious new laws to reduce the consumption of single-use plastics. That same thinking now needs to be applied to the economy as a whole, argues Meadhbh Bolger, saying Europe can get started by setting targets in its upcoming Circular Economy Action Plan. Meadhbh Bolger is a resource justice campaigner at Friends of the Earth Europe, a green NGO. Given the ecological collapse we are in, and that much of it is driven by our high resource consumption and growth-driven economy, it is vital that the…

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Stocks fall as fears of coronavirus hit global markets

Stocks fall as fears of coronavirus hit global markets

Financial markets around the globe slumped on Monday as news of the Italian coronavirus outbreak wiped £62bn off the value of the FTSE 100 and shares on Wall Street tumbled. Shares came under heavy selling pressure in key markets as analysts warned that the threat of tougher quarantine measures outside China to prevent the spread of the disease would hit company profits by hitting supply chains and consumer demand. Investors rushed to buy “safe haven” investments such as gold to protect against steep losses on the stock markets, sending the…

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EU police are planning a massive face recognition database.

EU police are planning a massive face recognition database.

Police forces in the European Union are planning to establish an interconnected bloc-wide network of facial recognition databases, leaked documents reveal. An EU Council report, reportedly circulated among 10 member states last November, details measures led by Austria to legislate for the building of a network of facial recognition databases that could be used and accessed by police forces across the bloc. The documents, obtained by The Intercept, correspond to a series of reports which examine whether the Prüm treaty, which contains rules for operational police cooperation between EU member…

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Kenes Rakishev’s Finney still number one in block chain smartphones

Kenes Rakishev’s Finney still number one in block chain smartphones

Sirin Labs with its Finney smartphone was a bright star of the Year of the Crypto. It managed to attract first-hand celebrities and multi-million investments. It wouldn’t be true to proclaim it as a total and utter success. In fact, it wasn’t designed to be broad-base phone for everyone. It has some market and is quite successful in its own niche. What’s more important is that Kenes Rakishev’s vision of bridging traditional investment and the digital age quite succeeded. Kenes Rakishev’s Sirin Labs has managed to attract the serious pool…

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Prime Minister urges people not to panic despite growing outbreaks of coronavirus

Prime Minister urges people not to panic despite growing outbreaks of coronavirus

The number of people confirmed having contracted the coronavirus in northern Italy rose to 16 on Friday (21 February) but Prime Minister Giuseppe Conte said the country is prepared to manage the outbreak and people don’t need to be worried. Speaking to reporters at the end of a special EU summit on budget, Conte took the opportunity to reassure the public about the outbreak of coronavirus in Northern Italy. Health authorities have confirmed 14 cases in Lombardy region, in the province of Lodi about 40 kilometres from Milan, while the…

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German court ruled that Tesla can clean trees to build a car factory

German court ruled that Tesla can clean trees to build a car factory

A German court has ruled that clearing of trees from the site of Tesla’s first electric car factory in Europe can go ahead, days after it issued an injunction temporarily halting the preparatory work. The top administrative court in the Berlin-Brandenburg region ruled on Thursday that authorities had been within their rights to clear the way for work to start. The court had issued an injunction last weekend to give it time to consider the case after an environmental group challenged a lower court’s ruling that Tesla could proceed with…

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