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WhatsApp service in S Africa goes global in WHO virus fight

Bloomberg The World Health Organization (WHO) plans to reach at least 50 million people with a WhatsApp information service that delivers information on demand about the coronavirus and is so successful in South Africa it will be used around the world. The free service, the first of its kind launched globally by the WHO, garnered 10 million users within three ...

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ECB steps up ‘whatever it takes’ fight to save euro area

Bloomberg The European Central Bank (ECB) will scrap limits on bond purchases for its 750 billion-euro ($819 billion) emergency program in a landmark decision that gives it almost unlimited firepower to fight the economic fallout from the coronavirus (Covid-19). Government bonds rallied across the euro area after the ECB released a legal document that said the so-called issue limits, which ...

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British pound never been this cheap, says StanChart

Bloomberg The UK’s coronavirus lockdown should trigger a recovery in the pound, which has fallen to its most undervalued ever against the dollar, according to Standard Chartered Plc. The government’s aggressive actions should enable a quick restoration of economic activity once the health situation improves, wrote strategists including Geoff Kendrick in a note. At the same time, the potential near-term ...

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