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Oil prices: the fall in prices continues
The oil market continues to drop sharply. At the start of operations on Wednesday, the price of North Sea Brent was under pressure, sometimes falling to its lowest level since the late 1990s.
The June futures price, due next week, fell as low as $ 3.35 or 17 percent to $ 15.98. This is the first time since 1999 that a barrel (159 liters) of Brent from the North Sea costs less than $ 16.
State sues China
Missouri has sued China for the coronavirus pandemic. The lawsuit filed in a United States court accuses the government and the Communist Party in Beijing of being responsible for the deaths and economic losses of the virus in the United States, among others. According to media reports, the lawsuit has little chance of success because China is protected as a sovereign state.
“Covid-19 has caused irreparable harm to countries around the world, causing disease, death, economic decline and human suffering,” Missouri Republican Justice Minister Eric Schmitt (local time) wrote Tuesday. The lawsuit is intended to provide compensation from China.
The Chinese government lied to the world about the dangers of the coronavirus, silenced whistleblowers and did little to prevent the spread, Schmitt continued. Therefore, China is responsible for “causing a global pandemic that was unnecessary and avoidable.”
Missouri Republican Justice Minister Eric Schmitt wants China to be responsible for damage caused by the Corona virus.
Keystone
Roche defies the crown crisis
Roche unexpectedly increased sales significantly in the first quarter of the Corona crisis. However, the pharmaceutical company sticks to its forecast for 2020 given earlier in the year. Roche generated sales of CHF 15.1 billion from January to March, 2 percent more than the previous year. At constant exchange rates, the increase was up to 7 percent. New drugs in particular contributed to good performance. You have more than made up for lost sales through copycat products.
The company also announced that a crown test was conducted in close collaboration with authorities in record time. Production capacity for this Cobas Sars CoV-2 test has been greatly expanded recently, Roche wrote in the message on Wednesday.
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Sales at Schindler decrease
Elevator and escalator maker Schindler suffered in the first quarter of 2020, particularly in China, due to the spread of the Covid 19 pandemic. Sales fell 5.2 percent on-year to CHF 2.45 billion. However, in local currencies, the negative sign was only 0.2 percent.
Meanwhile, management has told the company to give up part of its salary to support employees particularly affected by the Covid 19 pandemic. Members of the Group’s Executive Board and members of the Oversight and Strategy Committee want pay 10 percent of your fixed remuneration in an aid fund.
Nursing association demands better working conditions
The professional association for nursing staff is happy to be applauded by nursing staff during the Corona crisis, but: “We still have very few nursing staff in the system, very few trained nursing staff and those who are being trained they leave the profession. ” , says managing director Yvonne Ribi.
Ticino still wants strict crown measures
Despite the relaxation announced by the Federal Council, Ticino authorities want tighter crown measures. The Ticino State Council sent a request to the Federal Council, the Ticino media report. Consequently, the so-called “crisis window” (with occasional relief) will run until May 3. This is despite the fact that relaxation is planned across Switzerland starting Monday.
The Ticino government decided, among other things, restrictions on construction sites and industrial companies because Ticino is particularly affected by the crown pandemic. The Federal Council can already decide on the request of the southern canton on Wednesday.
Corona crisis brings Netflix 15.8 million new customers
The coronavirus pandemic brought Netflix significantly more viewers than expected in the first quarter. Globally, 15.8 million paying customers were added, the American company said Tuesday after the market closed. The experts predicted nearly eight million, according to the FactSet research group. While Netflix also said customer growth
The time spent in front of the screen may decrease again with the end of contact restrictions. However, the company expects 7.5 million worldwide for the current quarter.
New customers, almost double what analysts estimate.
Quarterly revenue increased to $ 5.8 billion from $ 4.5 billion in the prior year period, roughly in line with experts’ expectations. Net profit was 709 million, plus
than double the previous quarter.
Keystone
What happened at night
60-day immigration freeze: The limitation on immigration to the United States due to the crown crisis should initially apply for 60 days, according to United States President Donald Trump. Trump reiterated his decision to engage with American workers in the face of the crown pandemic.
US Senate USA With another stimulus package: The United States Senate approved another $ 480 billion stimulus package due to the crown crisis. Shortly before, Republicans and Democrats had agreed to the package after days of negotiations. It will now be adopted by the House of Representatives this week.
South Africa with aid package: South African President Cyril Ramaphosa announced a $ 1 billion aid package equivalent to around 23 billion Swiss francs to mitigate the economic impact of the coronavirus pandemic. This corresponds to 10 percent of South Africa’s gross domestic product.
More deaths in the United States: In the United States, more than 2,000 coronavirus-related deaths have been reported in 24 hours. Johns Hopkins University in Baltimore recorded 2,751 deaths Monday through Tuesday night (local time). Previously, the numbers had been below the 2000 mark for several days.
