Coronavirus: 1st case of COVID-19 reported in Ottawa

Ottawa has it’s first reported case of the new coronavirus disease, known as COVID-19. The case was confirmed in a daily update posted by Ontario health officials Wednesday morning. Officials said it involves a man in his 40s who recently travelled to Austria. He went to Ottawa Hospital and is now in self-isolation. Meanwhile, the province announced additional COVID-19 cases Wednesday […]

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UPDATE 2-Britain scraps business rates for small firms

* “Exceptional step” to deal with coronavirus * Tax cut, worth 1 bln stg, is for 2020-21 year * Launches fundamental review into future of business rates * Interest rates cut after sharp fall in trading conditions (Adds detail, reaction) By James Davey LONDON, March 11 (Reuters) – British finance minister Rishi Sunak scrapped business rates for small firms in […]

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Saskatchewan officials say province is preparing for potential coronavirus outbreak

Saskatchewan government officials are denying accusations from the provincial NDP that the province is not prepared for a potential outbreak of the novel coronavirus disease, COVID-19. “They’re trying to prepare for every scenario,” Health Minister Jim Reiter said. “Part of the plan is looking at supplies. Not just provincially, but nationally, there are discussions with federal officials making sure all […]

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Oil falls as Saudi, UAE plan for higher output capacity

LONDON (Reuters) – Oil prices fell on Wednesday after Saudi Arabia and the United Arab Emirates announced plans to boost production capacity and OPEC and the U.S. Energy Information Administration (EIA) slashed oil demand forecasts because of the coronavirus outbreak. Brent crude was down $1.01, or 2.7%, at $36.21 per barrel by 11:01 ET (1601 GMT), while U.S. West Texas […]

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BAML cuts Latam 2020 GDP forecast to 0.7% on coronavirus, oil shocks

BRASILIA, March 11 (Reuters) – Economists at Bank of America Merrill Lynch have substantially lowered their 2020 economic growth forecast for Latin America, citing the hit to activity from the global coronavirus outbreak and the region’s exposure to lower oil prices. They now expect growth of just 0.7%, compared with 1.2% as recently as two weeks ago, and in the […]

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Prince Harry opened up in fake call from ‘Greta Thunberg,’ pranksters say

Prince Harry reportedly opened up about personal issues from “Megxit” to his battle with ruthless media in a call with Russian hoaxers impersonating Greta Thunberg and her dad. He also touched on Prince Andrew, U.K. Prime Minister Boris Johnson and U.S. President Donald Trump during the Dec. 31 and Jan. 22 phone calls with pranksters Vladimir Kuznetsov and Alexey Stolyarov, […]

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‘Magic’ Budget folder changes green on Sky News leaving viewers baffled

The Chancellor Rishi Sunak has been accused of having "magic powers" by baffled viewers when the folder containing the Budget appeared to change colour on Sky News today. In the clip, Sunak is seen departing Number 10 with the red folder under his arms while deep in conversation with a colleague. Mysteriously, when he walks behind a car and then […]

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Coronavirus puts private credit to the test

NEW YORK, March 11 (LPC) – Private credit funds face a challenging fundraising environment, as investors grapple with a potential decline in portfolio values while the coronavirus outbreak tests the solidness of a market that has yet to experience a significant shakeup. Also known as non-bank lending, the private credit asset class has erupted since the financial crisis, boosted by […]

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PepsiCo aims for energy boost with $3.85 billion Rockstar deal

(Reuters) – PepsiCo Inc (PEP.O) on Wednesday made its biggest bet in the energy drinks market with a $3.85 billion deal to buy Rockstar Energy Beverages, opening a new front in its long-running battle with Coca-Cola Co (KO.N). The deal is also the latest move by PepsiCo’s new chief executive officer, Ramon Laguarta, to reduce the company’s dependence on its […]

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Coronavirus: U.S. halts military exercise in Arctic over COVID-19 outbreak

U.S. European Command has announced that the rest of an Arctic military exercise called Exercise Cold Response 20, with about 15,000 service members from 10 countries including the United States, has been cancelled due to the coronavirus outbreak. The exercises began March 2 and were to continue until March 18. The The command Wednesday said in a statement that the […]

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