Category: International News

The World Bank launched a $425 million 2017 catastrophe bond issue supporting its Pandemic Emergency Financing Facility (PEF). There are two tranches of PEF bonds outstanding, expected to mature in July, and this means investors of the bonds will collect massive profits if the bonds aren’t triggered or will lose everything if the Covid-19 outbreak continues to escalate.

The ongoing final battle for Idlib could unleash the biggest refugee exodus the nine-year war has seen, United Nations officials are warning. 

The Coronavirus epidemic is having a devastating effect on China’s economy which appears to have ground to a halt according to recent data.

China’s economy is expected to print sub-5% GDP in Q1 after dealing with the Coronavirus. This has forced an increasingly desperate Beijing to unexpectedly announce on Thursday that it will slash tariff levied on 1,717 U.S. goods by up to 50%.

At a moment tensions are soaring over Turkey’s expansive East Mediterranean claims, and after starting early last summer it began sending oil and gas exploration and drilling ships off Cyprus’ coast, Ankara is demanding that Greece “demilitarize” its islands in the Aegean Sea.