COVID infection is far from peaking in US

Let's take the corona map of the United States. See the much larger circles on the coasts than in the countryside. See the huge ring around New York, where 1 in 1,000 residents is infected. The circles on the west coast, where the virus…

S&P assigns junk grade to Ford Motors

Credit rating agency Standard & Poor's (S&P) is lowering the credit rating of the US auto group Ford Motor to junk status because of the major problems the corona crisis is causing in the auto industry. This means that, according to…

SoftBank to put significant Alibaba share on sale

Japanese telecom giant and tech investor SoftBank plans to sell a significant portion of its stake in the Chinese online store Alibaba as part of its debt reduction plans. Reuters news agency heard from insiders that the Japanese want to…

US Prepper movement is on the rise

For the super-rich it is not an option to wait at home what the corona virus brings. The demand for protected exclusive shelters has risen sharply in recent months. Like a modern Noah's ark for the wealthy, but in an old rocket silo, deep…

Chinese CB keeps the key rate steady

The interest rates that Chinese banks charge to their best customers have unexpectedly been kept the same. The majority of economists expected that the so-called Loan Prime Rate (LPR) would be lowered, so that companies could borrow more…