Monthly Archives: October 2018
The US Federal reserve lowered its base rate to almost zero
The us regulator is taking measures to protect the economy from the effects of coronavirus.
The us Federal reserve, which serves as the country’s Central Bank, cut its benchmark interest rate by one percentage point to 0-0. 25 % at an emergency meeting on March 15. This is stated in the report of the regulator.
“The Committee expects to maintain this target range until it is confident that the economy has withstood recent events and is on track for maximum employment and price stability targets,” the fed’s management said in a statement. Continue reading
France closes schools and universities due to coronavirus
The coronavirus epidemic is just beginning, warns Emmanuel macron.
On the evening of Thursday, March 12, French President Emmanuel macron announced in a televised address to the nation that all schools, kindergartens and universities would be closed. All educational institutions in the country will stop working from March 16 “until a new order”, according to the newspaper Le Monde.
Macron also asked all people over the age of 70 and those with chronic diseases to stay at home. Continue reading
