Move is part of coordinated effort with European Central Bank and others to head off potential economic crisis due to coronavirus. The US Federal Reserve stepped in on Sunday to prop up the US economy in the face of the escalating Covid-19 crisis. In its most dramatic move since the 2008 financial crisis the Fed announced it is cutting its benchmark interest rate to near zero and said it would buy $700bn in Treasury and mortgage-backed securities as it attempts to head off a severe slowdown. Source The Guardian
Taiwanese troops using tanks, mortars and small arms have staged a drill aimed at repelling an attack from China, which has increased its threats to reclaim the island and stepped up its own displays of military might. Source Aljazeera
Jack Ma, the founder of China’s largest e-commerce company Alibaba, on Wednesday made his first public appearance since October when he spoke to a group of teachers online.
The Jack Ma Foundation said in a statement Wednesday, “Jack Ma participated in the online ceremony of the annual Rural Teacher Initiative event on January 20.” Source Deutsche Welle
The teenagers quickly fled before the police arrived. Stupor at the Paul Eluard college in Vigneux-sur-Seine (Essonne) this Monday morning around 10:40 am. A group of four or five teenagers fired twice in the air with a handgun. They were in front of the entrance gates of the school. The latter also exhibited a tear gas canister at the time of the events. Source Actu17
