(C) Reuters. NZ central bank slashes rates at emergency meeting as coronavirus worsens By Praveen Menon WELLINGTON (Reuters) – New Zealand’s central bank slashed interest rates by 75 basis points to a record low on Monday following an emergency meeting, sinking the country’s currency, as it prepared for a “significant” […]
Goldman cuts U.S. growth forecast for first and second quarter due to coronavirus
Economic Indicators12 hours ago (Mar 15, 2020 07:14PM ET) NEW YORK (Reuters) – Goldman Sachs Group Inc (N:GS) has downgraded its U.S. growth forecast for the first and second quarters in the wake of the economic fallout from the coronavirus outbreak. In a note sent on Sunday, the U.S. bank […]
Morocco to create $1 billion fund to counter coronavirus outbreak
Economic Indicators15 hours ago (Mar 15, 2020 04:11PM ET) (C) Reuters. Morocco to create $1 billion fund to counter coronavirus outbreak RABAT (Reuters) – Morocco’s King Mohammed VI ordered the creation of a 10 billion dirham ($1 billion) fund to upgrade health infrastructure and help vulnerable economic sectors in the […]
Jordan’s central bank cuts bank reserves to inject liquidity
Economic Indicators5 hours ago (Mar 15, 2020 01:26PM ET) Jordan’s central bank cuts bank reserves to inject liquidity AMMAN (Reuters) – Jordan’s central bank cut compulsory reserves for commercial banks to 5% from 7% on Sunday to inject more than 500 million dinars ($705 million) of extra liquidity to mitigate […]
Phones Could Track the Spread of Covid-19. Is It a Good Idea?
In 2011, two scientists at Cambridge University in the UK devised a clever way to measure and model the spread of the flu–an app called FluPhone that used Bluetooth and other wireless signals as a proxy for interactions between people, and asked users to report flu-like symptoms. If you’d had […]
Physicists Chip Away at a Mystery: Why Does Glass Exist?
If ultra-stable glass’s exceptionally low heat capacity really does come from having fewer two-level systems, then ideal glass naturally corresponds to the state with no two-level systems at all. “It’s just perfectly, somehow, positioned where all the atoms are disordered–it doesn’t have a crystal structure–but there’s nothing moving at all,” […]
Phones Could Track the Spread of Covid-19. Is It a Good Idea?
In 2011, two scientists at Cambridge University in the UK devised a clever way to measure and model the spread of the flu–an app called FluPhone that used Bluetooth and other wireless signals as a proxy for interactions between people, and asked users to report flu-like symptoms. If you’d had […]
Norges Bank Slashes Key Rate by Half Point to Fight Crisis
Economic Indicators14 hours ago (Mar 15, 2020 03:59AM ET) (C) Reuters. Norges Bank Slashes Key Rate by Half Point to Fight Crisis (Bloomberg) — Norway’s central bank delivered an emergency half-percentage point cut to its main interest rate and signaled more will come as policy makers pump stimulus into the […]