Name: Covid-19 hits economy: German minister kills self
Uploaded: 2020-03-29T09:32:00.fff+05:30
Duration: T00M38S
Channel: editorji

A finance minister of a province in Germany has committed suicide apparently after becoming ‘deeply worried’ over how to cope with the economic fallout from the coronav

Worried about Covid-19 economic impact, German minister kills self

A finance minister of&nbsp;a&nbsp;province in Germany has committed suicide&nbsp;apparently after becoming &lsquo;deeply worried&rsquo; over how to cope with the economic fallout from the coronavirus.&nbsp;Volker&nbsp;Bouffier, the premier of&nbsp;Germany's Hesse state said that finance minister Thomas Schaefer&nbsp;was found dead near a railway track on Saturday.&nbsp;Hesse is home to Germany's financial capital Frankfurt, where major lenders like Deutsche Bank and Commerzbank have their headquarters. The European Central Bank is also located in Frankfurt.&nbsp;Schaefer&nbsp;had been working&nbsp;&lsquo;day and night&rsquo;&nbsp;to help companies and workers deal with the economic impact of the pandemic.&nbsp;

A finance minister of a province in Germany has committed suicide apparently after becoming ‘deeply worried’ over how to cope with the economic fallout from the coronavirus. Volker Bouffier, the premier of Germany's Hesse state said that finance minister Thomas Schaefer was found dead near a railway track on Saturday. Hesse is home to Germany's financial capital Frankfurt, where major lenders like Deutsche Bank and Commerzbank have their headquarters. The European Central Bank is also located in Frankfurt. Schaefer had been working ‘day and night’ to help companies and workers deal with the economic impact of the pandemic.

An aviation blog published the audio of a radio transmission from American Airlines flight 2292, indicating that the pilot reported a UFO on February 21. An American Ai

An aviation blog published the audio of a radio transmission from American Airlines flight 2292, indicating that the pilot reported a UFO on February 21. An American Airlines pilot was heard reporting &ldquo;a long cylindrical object&rdquo; that flew just over his plane. I hate to say this but it looked like a long cylindrical object that almost looked like a cruise missile type of thing - moving really fast right over the top of us," the pilot can be heard saying. Aviation Administration (FAA) later released a statement confirming the report but added that air traffic controllers did not see any object in the area on their radarscopes.

India and Bangladesh discussed "early completion" of the pending fencing work along the international border they share as they reiterated their commitment to address i

India and Bangladesh discussed "early completion" of the pending fencing work along the international border they share as they reiterated their commitment to address issues related to terrorism and extremism during the home secretary-level talks held on Saturday, an official statement said. The 19th edition of the dialogue was held online in the backdrop of &nbsp;50 years of the Bangladesh Liberation War and establishment of diplomatic ties between the two countries. &lsquo;Both sides reaffirmed not to allow the territory of either country to be used for any activity inimical to each other's interests," the Home Ministry statement said.
&nbsp;

The Duke of Sussex has said he had to step back from royal duties because the British press was "destroying" his mental health. In a candid interview with James Corden

UK's Prince Harry has said he had to step back from royal duties because the British press was "destroying" his mental health. In a candid interview with James Corden on the British talk show host&rsquo;s 'The Late Late Show', Harry said: "we all know what the British press can be like, and it was destroying my mental health''. Calling the press "toxic", the Duke of Sussex said that he did "what any husband and what any father would do." The prince and his wife, Meghan, quit&nbsp;as working members of the royal family in January 2020.

US President Joe Biden said Friday that Iran should view his decision to authorize US air strikes in Syria as a warning. He stated that Tehran will face consequences fo

US President Joe Biden said Friday that Iran should view his decision to authorize US air strikes in Syria as a warning. He stated that Tehran will face consequences for its support of militia groups that threaten US interests or personnel. The Pentagon said the strikes destroyed several buildings in eastern Syria but were not intended to eradicate the militia groups that used them to facilitate attacks inside Iraq. While the administration defended the air strikes as legal and appropriate, several leading Democrats denounced the strikes, which were the first military actions Biden authorized. Democrats said the air strikes were done without authorization from lawmakers.

The United States has announced sanctions and visa bans on on 76 Saudi Arabian citizens over the 2018 killing of journalist Jamal Khashoggi. The Biden administration, h

The United States has announced sanctions and visa bans on on 76 Saudi Arabian citizens over the 2018 killing of journalist Jamal Khashoggi. The Biden administration, however, stopped short of imposing sanctions on Crown Prince Mohammed bin Salman, who has been named in a US intelligence report. While announcing the 'Khashoggi Ban', US Secretary of State Antony Blinken said that extra-terrotorial threats and assaults by Saudi Arabia against activists, dissidents and journalists must end. The US said that 76 sanctioned Saudi citizens have been engaged in threatening dissidents overseas, including Jamal Khashoggi.

A diplomat's job is no walk in the park. And if you are a diplomat in North Korea, even the journey back home cam become too arduous. Eight Russian diplomats and their

A diplomat's job is no walk in the park. And if you are a diplomat in North Korea, even the journey back home cam become too arduous. Eight Russian diplomats and their families &mdash; including a three-year-old girl &mdash; had to use a hand-pushed rail trolley to cross the border from North Korea to return to Russia. Why? Because North Korea has suspended all cross-border trains due to Covid restrictions. Video posted on Russia's foreign ministry's verified Telegram account showed the trolley, laden with suitcases and women, being pushed across a border railway bridge by Third Secretary Vladislav Sorokin, the only man in the group.

Gunmen abducted 317 girls from a boarding school in northern Nigeria on Friday, police said. The incident is the latest in a series of mass kidnappings of students

Gunmen abducted 317 girls from a boarding school in northern Nigeria on Friday, police said. The incident is the latest&nbsp;in a series of mass kidnappings of students in the West African nation. Police and the military have begun joint operations to rescue the girls after the attack at the Government Girls Junior Secondary School in Jangebe town. Nobel laureate Malala Yusufzai has condemned the kidnappings and called on the Nigerian govt to get the students back safe. Nigeria has seen several such attacks and kidnappings over the years. In December, 344 students were abducted from a government School in Katsina State. They were eventually released.

Saudi Arabia on Friday said it "completely rejects" a declassified US report that found that de facto ruler Crown Prince Mohammed bin Salman approved journalist Jamal K

Saudi Arabia on Friday said it "completely rejects" a declassified US report that found that de facto ruler Crown Prince Mohammed bin Salman approved journalist Jamal Khashoggi's 2018 murder. The Saudi foreign ministry said the report contained "inaccurate information and conclusions". "The kingdom rejects any measure that infringes upon its leadership, sovereignty, and the independence of its judicial system," the ministry added. Saudi Arabia has previously said the murder was a rogue operation and has vehemently denied the crown prince was involved.

Bears took control the equity markets across the globe on the last day of trade. After sparking hope and starting trade positively Wall Street saw volatile moves pushin

Bears took control of the equity markets across the globe on the last day of trade for the week. After sparking hope and starting trade positively Wall Street saw volatile moves pushing the 30 stock Dow Jones end at the day low shedding 460 points.&nbsp;
All three major averages posted weekly losses on Wall Street, the second weekly downtick for the same. The jitters were sparked again as personal expenditure reading was higher&nbsp;than anticipated ,raising inflationary concerns.&nbsp;&nbsp;
 But equities were not the only this suffering. Crypto currency also had a tough week as Bitcoin slid&nbsp;further 5% in Friday&rsquo;s trade extending its losses to 20% for the week. Bitcoin has recorded&nbsp;it&rsquo;s&nbsp;worst weekly decline in&nbsp;atleast&nbsp;a year.&nbsp;&nbsp; &nbsp; Even&nbsp;commodities&nbsp;that have been the shining spot for traders saw profit booking.&nbsp;A gauge tracking&nbsp;23 commodities&nbsp;dropped by the most since April 2020 as&nbsp;the dollar strengthened making the commodity play less attractive&nbsp; &nbsp;

The United States on Friday publicly accused Saudi Crown Prince Mohammed bin Salman of approving the gruesome murder of journalist Jamal Khashoggi. This is the first ti

The United States on Friday publicly accused Saudi Crown Prince Mohammed bin Salman of approving the gruesome murder of journalist Jamal Khashoggi. This is the first time that the US has named the de-facto ruler of its ally Saudi in the killing. An intelligence report newly declassified by President Joe Biden's administration has concluded that the prince "approved an operation in Istanbul to capture or kill Saudi journalist Jamal Khashoggi." The report added that given Prince Mohammed's influence, it was "highly unlikely" that the 2018 murder could have taken place without his green light. Khashoggi, a critic of Prince Mohammed who wrote for The Washington Post and was a US resident, was lured to the Saudi consulate in Istanbul in October 2018, then killed and cut into pieces.

In its first military action since Joe Biden took over as President, the United States has carried out airstrikes in Syria targeting facilities near the Iraqi border us

In its first military action since Joe Biden took over as President, the United States has carried out airstrikes in Syria targeting facilities near the Iraqi border used by Iranian-backed militia groups. The Pentagon said the strikes were retaliation for a rocket attack in Iraq earlier this month that killed one civilian contractor and wounded a US service member and other coalition troops. The US govt said the airstrikes &ldquo;destroyed multiple facilities at a border control point used by a number of Iranian- backed militant groups&rdquo;.

The United Nations and the United States have welcomed the India, Pakistan joint statement on ceasefire along the LOC saying it is a positive step.

The United Nations and the United States have welcomed the <a href="https://www.editorji.com/story/india-pakistan-agree-to-strict-adherence-of-all-agreements-along-loc-1614241213927" target="_blank" rel="noopener">India, Pakistan joint statement on ceasefire</a> along the Line of Control saying it is a "positive step".
A spokesperson for UN secretary general Antonio Guterres said that the world body chief hopes that the ceasefire agreement would "provide an opportunity for further dialogue".
Reacting to the ceasefire, White House Press Secretary Jen Psaki&nbsp;said the deal is a positive step. She added that US keeps encouraging both the countries to keep building upon this progress.
At a separate news conference, State Department spokesperson Ned Price said the administration had called on the parties to reduce tensions along the LoC by returning to the 2003 ceasefire agreement.id

Facebook has restored Australian news content on its social media website after signing a deal with three local news publishers. Australians had been barred from sharin

Facebook has restored Australian news content on its social media website after signing a deal with three local news publishers. Australians had been barred from sharing and accessing news on Facebook&nbsp;for about a week.&nbsp;The media deal follows passing of a new law by Australia that mandates tech giants like Facebook&nbsp;and Google to pay local media outlets for using their news content.&nbsp;Facebook said that letters of intent had been signed with independent news organizations Private Media, Schwartz Media and Solstice Media. The financial details have not been made public and the deal is subjected to signing of full agreements within the next 60 days.&nbsp;
&nbsp;

US President Joe Biden believes that it is important to modernise the immigration system which includes making sure that highly skilled workers stay in the US and go th

US President Joe Biden believes that it is important to modernise the immigration system which includes making sure that highly skilled workers stay in the US and go through the proper processes to stay in the country, White House Press Secretary Jen Psaki said. Earlier, Biden revoked a policy issued by his predecessor Donald Trump during the coronavirus pandemic that blocked many Green Card applicants from entering the US,&nbsp;a move that will benefit many Indians working in America on the H-1B visa.

Twitter has said that it is planning to offer a subscription service, in which users will have to pay for special content from high-profile accounts, as part of an econ

Twitter has said that it is planning to offer a subscription service, in which users will have to pay for special content from high-profile accounts, as part of an economic model. The social media giant announced the potential new 'Super Follows' service at its annual investor meeting, as it is looking out for ways to generate revenue apart from targeted advertisements. However, no timeline has been given for when Super Follows might become a feature, but it is expected to roll-out in the coming months.

Britain's Queen Elizabeth II said that her coronavirus jab 'didn't hurt at all' and urged people to get their shot when they are offered. The monarch and the Duke of Ed

Britain's Queen Elizabeth II said that coronavirus jab 'didn't hurt at all' and urged people to get their shot when they are offered. The 94-year-old Queen and 99-year-old Prince Philip received their first doses of the vaccine last month from a household doctor at their Windsor Castle residence, with their age putting them in the priority group for England&rsquo;s coronavirus vaccine rollout. 'It was very quick, and I&rsquo;ve had lots of letters from people who have been very surprised by how easy it was to get the vaccine,' the queen said in a video call. 'It didn't hurt at all,' the Queen said, she also said that she felt 'protected' after getting the jab.

Dalal Street is feeling the global jitters of rising yields indicating cheap money bets are lowering and inflationary bets rise. Wall Street saw t

Dalal Street is feeling the global jitters of rising yields, indicating cheap money bets are lowering&nbsp;and inflationary bets rise. Wall Street saw the biggest fall since October and the&nbsp;nervousness has spread to Dalal Street as well with the Sensex and Nifty both trading much lower on the final day of trade of the week.&nbsp;&nbsp; &nbsp; Bond yields in the US have now surged back to the pre-pandemic levels and even though it indicates higher growth it signals possible inflation and cost of money rising. The Indian bond markets are also&nbsp;signaling&nbsp;the&nbsp;same.&nbsp;The rupee continues to trade significantly lower to the greenback&nbsp;while brokerages&nbsp;are raising their&nbsp;year-end&nbsp;target for the&nbsp;10-year&nbsp;yield as well.&nbsp;
Financial and technology continuing to be the sore point on Dalal Street, mirroring global&nbsp;weakness in&nbsp;sectors.

WHO chief Tedros Adhanom Ghebreyesus has thanked Prime Minister Narendra Modi for supporting Covid vaccine equity.

WHO chief Tedros Adhanom Ghebreyesus has thanked Prime Minister Narendra Modi for supporting Covid vaccine equity. PM Modi's commitment to COVAX &amp; sharing <a href="https://www.editorji.com/covid-19" target="_blank" rel="noopener">Covid-19 vaccine</a> doses is helping 60 plus countries start vaccinating their healthworkers &amp; other priority groups, he said.
The WHO chief added that he hoped other countries would follow India's example. The Indian govt on Thursday said that India has provided close to 362 lakh doses of anti-coronavirus vaccines to various countries, out of which 67.5 lakh doses have been supplied as grant assistance and 294.44 lakh on commercial basis

US President Joe Biden spoke on phone with King Salman of Saudi Arabia and "affirmed the importance" the US "places on universal human rights and the rule of law", the

US President Joe Biden spoke on phone with King Salman of Saudi Arabia and "affirmed the importance" the US "places on universal human rights and the rule of law", the White House said. BBC reported that Biden made the call after reading a forthcoming US report into the murder of Saudi journalist Jamal Khashoggi. The report, due to be released shortly, is expected to implicate the king's son, Crown Prince Mohammed bin Salman. The naming of the crown prince would put further stress on the US-Saudi relationship.

Global markets under pressure as Wall Street saw the worst sell-off since October.

Global markets under pressure as Wall Street saw the worst sell-off since October. The 500 stock gauge S&amp;P saw the biggest drop in a month sliding&nbsp;2.5%.&nbsp; The tech tumble exaggerated it's losses with the Nasdaq&nbsp;Composite&nbsp;slid 3.5%, this marks it's biggest sell-off since Oct. 28. Marquee names like&nbsp;Alphabet, Facebook, and Apple all fell more than 3%, while Tesla sunk another 8%.
Traders were spooked as the 10 year yield sky rocketed to the highest level since Feb 2020 in what many traders called a flash spike.&nbsp; Higher rates on the yield signal bad news for corporates&nbsp;especially tech companies that bank of them for lower borrowing rates.&nbsp;

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