Tag "coronavirus"
India: Impact of COVID-19 on adoption of BS-VI norms
On the 1st of April 2020, India adopted the BS-VI emission norms. The move places India in a select group of economies with Euro VI-compliant fuels. However, the move to low sulphur transport fuel is fraught with downside risk given the impact of COVID 19 on the Indian economy. The capital-intensive move by refineries and automobile manufacturers has now moved into a stage where the revival of demand and coordinated price adjustment is essential for cost recovery.
Making History: Coronavirus and Negative Oil Prices
Since the beginning of the Coronavirus pandemic, there has been a loss of 1/3rd global demand – more than 30 million barrels per day (BPD). The virus instilled a level of uncertainty for oil traders, but the catalyst for the initial drop in price can be attributed to the escalating price war between Russia and Saudi for market share, eventually leading Saudi to flood the market with oil.
Hungary: Coronavirus and Orban’s Power Play
For Hungarian Prime Minister Victor Orban, the coronavirus pandemic is another opportunity to pursue his approach of power politics in a democracy, that is increasingly at odds with the EU’s values.
COVID-19: China’s e-commerce
All markets and industries have struggled under the strain of coronavirus and the measures implemented to combat it. Firms and individuals alike have sought out ways of mobilising solutions in response to the challenges COVID-19 presents.
Kosovo: Government toppled over Coronavirus
On 25 March the smaller party in Kosovo’s ruling coalition, the LDK, won a vote of no-confidence in the government of which it was a part. The vote was initiated over the government’s handling of the coronavirus, but this was not the only reason that the government fell.
Price War: OPEC+
After OPEC ally Russia refused to cut production, Saudi Arabia launched a price war, sending global oil prices to as low as $32 a barrel on March 9th.
U.S.-EU Trade Talks: Under the Spectre of Coronavirus Pandemic
The article assess the impact of coronavirus (CoVid-19) on the global economy, in particular, on the United States and European Union.
Coronavirus: Threats to Global Economy
Aside from the obvious humanitarian costs associated with the coronavirus outbreak, it will inflict a severe economic toll. Given the structure of international supply chains, a Chinese slowdown affects the rest of the world. But this may no longer be a Chinese problem, as the recent surge in cases in Italy threatens the Eurozone economy directly. Global growth may have to take a temporary backseat until the crisis is resolved.
China – Coronavirus Outbreak
The 2019 novel coronavirus (COVID-19), popularly known as ‘coronavirus’ has caused widespread concern since being identified in Wuhan, China in late December.
