European stocks are set to open sharply higher on Friday after a report that a drug developed by Gilead Sciences was showing effectiveness in treating the coronavirus.
Global stock markets are looking up afterthat a Chicago hospital treating coronavirus patients with Remdesivir in a trial were recovering rapidly from severe symptoms.
However, the International Monetary Fund this week said the global economy is expected to shrink by 3% this year, before growing by 5.8% next year — a rebound that its Chief Economist Gita Gopinath has described as a "partial recovery."
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
The All 32: The Times' unique NFL mock draft experience kicks off FridayThere are a million mock drafts, but there's only one LATimesfarmer mock draft: 32 experts, 32 picks. For the first time, latimessports will stream The All 32, with Zoom studio guests BillPlaschke JeffMillerLAT and Carson Palmer. For more info:
Read more »
European markets set for lower open; Germany plans to ease lockdown cautiouslyEuropean markets are set to open lower Thursday as investors digest the economic impact of he coronavirus on the global economy.
Read more »
Coffee prices rally as coronavirus lockdowns see drinkers caffeinate at homeCoffee prices have rallied over the last month, as global lockdowns fueled panic buying by those stuck at home looking for a caffeine fix, but the outlook for the commodity is far from clear.
Read more »
UK must set out plan to exit coronavirus lockdown, Labour Party saysThe British government must publish its exit strategy from the stringent lockdown that was imposed to slow the spread of the novel coronavirus, opposition Labour Party leader Keir Starmer said on Wednesday.
Read more »