Recent Posts

Political stardom beckons for South Africa’s virus point man

Bloomberg South African Health Minister Zweli Mkhize has won such praise for his handling of the coronavirus crisis that he’s being touted as a possible successor to President Cyril Ramaphosa. Advised by a panel of top scientists, Mkhize has crisscrossed the country assessing the health system’s ability to cope with an anticipated surge in cases. A medical doctor, he’s made ...

Read More »

Global debt funds shun Italy on fears that euro-area is cracking

Bloomberg Italian debt is once again the must-watch bellwether for growing tensions within the euro-area. Global investors have lasered in on the nation’s bonds because, while they feature tempting yields, the government’s relatively weak finances add to the shared risk across the region. UniCredit SpA estimates foreign asset managers and hedge funds’ exposure to Italian government bonds may be around ...

Read More »

Canada lost about 2mn jobs in April amid virus

Bloomberg Canada lost 2 million jobs in April as a result of pandemic-related shutdowns, by far the biggest decline on record but only about half what economists had expected. The drop in employment adds to the 1 million decline in March. The jobless rate jumped to 13% in April, the agency said in Ottawa. Economists were anticipating a loss of ...

Read More »
Send this to a friend