South Korea launches mass coronavirus testing and boosts containment methods
As the number of global coronavirus cases increased above 80,000, countries that are experiencing the worst of the virus have implemented new strategies to contain the fast-spreading outbreak. In South Korea, infections have risen again, taking the overall total of cases to 977. An emergency budget and a crackdown on the mass acquisition of face masks have been put in place. The country has applied “maximum measures” to contain the coronavirus, announcing that 200,000 members of a secretive church will be tested as they are believed to be the source of the pandemic. The Seoul government will focus on the Shincheonji Church of Jesus after receiving all member´s names from the founder. The decision was made as financial markets saw...
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Gold reaches seven-year high as investors search for security amid coronavirus fears
On Monday, gold prices rose by more than 2 per cent to their highest levels since February 2013. Spot gold and US gold futures rose to more than $1,663 as analysts predict their prices head for $1,700. Investors have flocked to gold as a considerably secure asset amid the coronavirus outbreak. Several countries outside of China are now seeing cases of the virus rise, resulting in increasing worries about a hit to global economic growth, therefore severely affecting share prices. Milan's main index was worst hit, falling more than 4%. Italy has seen Europe's worst outbreak of the coronavirus and the government has announced a series of drastic measures, with a lockdown in place in several small towns. Michael McCarthy,...
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International News
Coronavirus causes a drop in the Hong Kong stock market on re-open
Hong Kong´s Hang Seng stock market index fell by 3 per cent when it re-opened on Wednesday amid fears of the rapidly spreading coronavirus’ effect on the economy. A vast majority of the Hong Kong-listed companies evident in the Hang Seng index were in the red. The Shanghai and Shenzhen...
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Demand and price for palladium, a rare precious metal, overtakes gold
The global commodities market has seen the price of palladium skyrocket by more than 25 per cent in the last two weeks alone after almost doubling in value over the last year. Currently, the precious metal has is worth more than gold at $2,500 an ounce. Palladium is a shiny,...
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Investment News
