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Malawi president, ministers take 10% salary cut to fight coronavirus

Malawi's president and cabinet will take a 10% salary cut and redirect the money towards the fight against coronavirus, President Peter Mutharika said on Saturday as he announced a stimulus package in an address on state television. Mutharika announced a number of measures aimed at cushioning small- and medium-sized businesses, including tax breaks, a reduction in fuel prices and an increase in risk allowances for health workers. Mutharika also ordered tobacco markets to be opened and allowed to operate without disruption to protect small farmers and bolster foreign currency receipts.

Did China Electronics Optics Valley Union Holding Company Limited's (HKG:798) Recent Earnings Growth Beat The Trend?

When China Electronics Optics Valley Union Holding Company Limited (SEHK:798) released its most recent earnings update...

Is CapitaLand Limited's (SGX:C31) P/E Ratio Really That Good?

This article is for investors who would like to improve their understanding of price to earnings ratios (P/E ratios...

Why Asia Allied Infrastructure Holdings Limited's (HKG:711) High P/E Ratio Isn't Necessarily A Bad Thing

This article is for investors who would like to improve their understanding of price to earnings ratios (P/E ratios...

Japan to boost Avigan drug stockpile as part of coronavirus stimulus

Japan is considering increasing the stockpile of Fujifilm Holding Corp's Avigan anti-flu drug during this fiscal year so it can be used to treat 2 million people, according to a planning document seen by Reuters. Local media reported on Sunday that Japan was hoping to triple the production of the drug from current levels, which is enough to treat 700,000 people if used by coronavirus patients. Avigan, also known as Favipiravir, is manufactured by a subsidiary of Fujifilm, which has a healthcare arm although it is better known for its cameras.

Applied Development Holdings (HKG:519) Has Debt But No Earnings; Should You Worry?

Legendary fund manager Li Lu (who Charlie Munger backed) once said, 'The biggest investment risk is not the volatility...

Trump threatens tariffs on oil imports to 'protect' U.S. energy workers

U.S. President Donald Trump said on Saturday he would impose tariffs on crude imports if he has to "protect" U.S. energy workers from the oil price crash that has been exacerbated by a war between Russia and Saudi Arabia over market share. "If I have to do tariffs on oil coming from outside or if I have to do something to protect our ... tens of thousands of energy workers and our great companies that produce all these jobs, I'll do whatever I have to do," Trump told reporters in a briefing about the coronavirus outbreak. Oil prices have dropped by about two-thirds this year as the pandemic crushes demand and as major producers Russia and Saudi Arabia boost output in a war over market share.

Governors warn of dire ventilator shortages as virus pandemic rages. Trump says some are playing 'politics'

"Some states have more ventilators than they need," Trump said Saturday. But governors in states like New York and Louisiana say dire shortages loom.

United slashes New York-area flights due to coronavirus

United said starting Sunday it will go from 157 daily flights total at Newark and New York LaGuardia to just 17. Newark, the airline's hub in the New York area, will drop from 139 daily flights to 62 destinations to 15 flights a day to nine destinations, while LaGuardia will go from 18 to 2 flights a day.

United slashes New York-area flights due to coronavirus

United said starting Sunday it will go from 157 daily flights total at Newark and New York LaGuardia to just 17. Newark, the airline's hub in the New York area, will drop from 139 daily flights to 62 destinations to 15 flights a day to nine destinations, while LaGuardia will go from 18 to 2 flights a day.