Souring U.S.-China trade talks have dragged down global stock markets. Here’s what to expect.

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Souring U.S.-China trade talks have dragged down global stock markets. Here’s what to expect.

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https://investornews.vanguard/u-s-china-trade-what-happened-and-whats-next/
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A former Google star engineer charged with stealing trade secrets from its self-driving car program has agreed to plead guilty in a deal with prosecutors, according to court documents filed Thursday.
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Seven Middle Eastern countries have suspended all commercial flights due to a fast-spreading new virus as the aviation industry’s largest trade association announced Thursday that airlines in the region have already lost more than $7 billion in revenue.
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https://techxplore.com/news/2020-03-mideast-airlines-7b-airports-combat.html
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PETALING JAYA: The government may face an uphill task trying to recover the country’s economy due to the impact of the Covid-19 pandemic.
Former Domestic Trade and Consumer Affairs Minister Datuk Seri Saifuddin Nasution (pix) pointed out that the previous Pakatan Harapan administration had based the country’s 2020 Budget on the crude oil price of US$62 (RM269) per barrel.
However, he noted that the global virus outbreak has caused oil price to plummet by half to around US$30 (RM130) per barrel.
Saifuddin said this, coupled with the expected tax collection when the budget was announced in October, meant the government’s revenue could be far below than initially predicted.
“Basing on the oil price alone, we could lose about RM10 billion in potential revenue. This does not yet include incomes from the various other sectors.
“Based on my experience being in the Cabinet, I would say that the government’s financial situation now is very complicated,” he told a press conference that was streamed on Facebook today.
Saifuddin was asked to comment if he believed the government has the financial strength to provide RM600 for up to six months to any Malaysian forced to go on unpaid leave due to Covid-19, as announced by Prime Minister Tan Sri Muhyiddin Yassin.
The PKR secretary-general said the financial assistance would only make up a small portion of the government’s spending, reminding the current Perikatan Nasional (PN) administration that it still has debt commitments.
“If they don’t pay according to schedule, it will affect our country’s position from various ratings agencies.
“We may still be able to take up loans in the future, but then we will have to pay a higher interest rate,” he said.

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https://www.thesundaily.my/local/pn-govt-faces-difficult-economic-situation-says-saifuddin-nasution-BC2141164
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Learn how to trade carefully during periods of market volatility.

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https://investornews.vanguard/3-tips-for-trading-in-volatile-markets/
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The world’s premier video game trade show, due to be held in June in Los Angeles, was cancelled on Wednesday over the spread of deadly novel coronavirus.
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Fine wines and hipster gin. Hunting rifles and knives. Contemporary paintings and million-dollar sports cars. They’re all marketed at trade events that are quickly going dark across the globe due to the new coronavirus – and taking with them sales opportunities that may be difficult to make up.
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