EghtesadOnline: Struggling Japanese conglomerate SoftBank Group on Monday reported record losses, as the coronavirus pandemic compounded woes caused by its investment in troubled office-sharing start-up WeWork.
EghtesadOnline: The COVID-19 pandemic has spread to all corners of the globe and the following infographic shows the last places on Earth remaining unaffected. It is based on countries that have not reported any known COVID-19 cases and that remained absent from the extensive global tracking carried out by the Johns Hopkins University as of May 04, 2020.
EghtesadOnline: The Economist Intelligence Unit’s latest Cost of Living report on the cost of living in 133 cities shows Tehran ranks 106th among the most expensive cities of the world.
EghtesadOnline: Bitcoin is up 2% and it broke the $7,600 resistance area against the US Dollar. However, BTC price is likely to face a strong resistance near $8,000 in the near term.
EghtesadOnline: The magnitude of how damaged the energy industry is came into full view on April 20 when the benchmark price of U.S. oil futures, which had never dropped below $10 a barrel in its nearly 40-year history, plunged to a previously unthinkable minus $38 a barrel.
EghtesadOnline: If anyone is benefiting from the coronavirus pandemic, it’s gold investors. Gold prices have soared over the last several months, with the metal up 13.74% year-to-date compared with a 12% decline in the S&P 500. Some analysts believe the price could hit $3,000 in as little as 18 months.
EghtesadOnline: GDP figures for the first quarter of 2020 are slowly rolling in and the impact the coronavirus has had on economies around the world is fairly catastrophic.
EghtesadOnline: Iranian President Hassan Rouhani said on Saturday that Tehran was closely following U.S. activities, but would never initiate a conflict in the region.
EghtesadOnline: The U.S. Senate on Tuesday unanimously approved $484 billion in fresh relief for the U.S. economy and hospitals hammered by the coronavirus pandemic, sending the measure to the House of Representatives for final passage later this week.
EghtesadOnline: Italy's prime minister said Rome is ready to cooperate in addressing issues facing the 2015 nuclear deal using the platform of international organizations.