U.S. Oil Futures Plunge To Below $0 For First Time
U.S. crude oil futures plunged to a historic low of below $0 on Monday. Desperate traders paid to get rid of that fossil fuel amid a coronavirus-induced lack of global demand.
U.S. crude oil futures plunged to a historic low of below $0 on Monday. Desperate traders paid to get rid of that fossil fuel amid a coronavirus-induced lack of global demand.
Several European Union member states are slowly reopening their doors in lockdowns that have impacted millions of people, many of them children. The lockdowns were introduced by authorities citing concerns about the spread of the new coronavirus disease COVID-19.
European countries hit hardest by the COVID-19 pandemic as well as New York, the epicenter of the outbreak in the US, have reported progress in fighting the coronavirus. There have been reports of lower daily death counts, slowing rates of infection and reductions in the numbers of patients admitted to intensive care units.
A South Carolina federal judge has awarded an atheist group over $450,000 in attorney’s fees and expenses after it filed a lawsuit to block public prayer at high school graduations, Christian Headlines reports. The award follows a finding last year that there should be limits to student-led prayers at graduation ceremonies. Given on April 14, the award is in respect of legal action initiated by the American Humanist Association (AHA) against Greenville County Schools in 2013. The suit was on behalf of the parents of a pupil who objected to students leading prayer at a graduation ceremony.
Orthodox believers in the ex-Soviet republic of Georgia held church services, despite warnings that they complicated efforts to halt the new coronavirus pandemic. Worldwide, millions of Orthodox Christians celebrated Easter – the most important festival in their calendar, amid a series of restrictions and bans to prevent more infections.
Europe’s death toll from the new coronavirus COVID-19 approached 100,000 on Sunday, and over 1 million Europeans were infected, a European health agency announced.
Germany’s health minister says the month-long lockdown has brought the coronavirus outbreak in his country under control. Jens Spahn spoke while several other European Union nations struggled to contain the new virus disease COVID-19.
The chief of the European Union’s executive has made ‘a heartfelt apology’ to Italy for the block’s slow response in handling the coronavirus pandemic. Italy suffered more than 21,000 coronavirus-related deaths, the highest toll in Europe, officials say.
With much of Hungary in lockdown, a minister attended a quite ceremony to remember the 600,000 Hungarian Jews killed in the Holocaust. At a time when much attention focuses on the coronavirus pandemic, Justice Minister Judit Varga made clear those who died should never be forgotten. Dressed in black, she placed pebbles, flowers, and candles at the Shoes on the Danube embankment monument in Budapest, the capital.
China reported that its first-quarter GDP contracted by 6.8% in 2020 from a year ago as the world’s second-largest economy took a huge hit from the coronavirus outbreak, data from the National Bureau of Statistics of China showed.
President Reuven Rivlin has set August 4 as the date for an unthinkable round of fourth elections should the Likud and Blue and White fail to form a unity government, as negotiations between the two sides was deadlocked Thursday night.
Hungary has condemned global media watchdog Reporters Without Borders (RSF) for saying that an ‘Orwellian law’ has imposed an ‘information police state’ in the country. RSF urged two United Nations rapporteurs to condemn the governments of Hungary and dozens of other nations for ‘violating the right to information’ about the coronavirus pandemic.
The US 5th Fleet confirmed that on Wednesday a group of US Navy and Coastal Guard ships were subjected to about an hour of ‘dangerous and provocative’ harassment from eleven Iranian Islamic Revolutionary Guard Corps Navy (IRGCN) vessels. The US ships were conducting joint integration operations with US Army helicopters in the international waters of the North Arabian Gulf when they were approached by the Iranian vessels.
Negotiating teams for Prime Minister Benjamin Netanyahu’s Likud and Benny Gantz’s Blue and White party continued their talks to form a unity government late Wednesday night and into Thursday, and agreed to meet again later Thursday, even as the latter’s presidential mandate to form a coalition expired at midnight.
The U.S. Supreme Court announced that it will hear oral arguments by telephone for the first time since it first convened in 1790.
Authorities in Germany say they have detained four suspected Islamic militants for plotting to attack American military facilities in the country. The four men, originally from Tajikistan — along with a fifth individual arrested last year — targeted several U.S. airforce bases on behalf of the Islamic State group, prosecutors said.
US coronavirus deaths rose by at least 2,228 on Tuesday, a single-day record, to top 28,300, according to a Reuters tally, as officials debated how to reopen the economy without reigniting the outbreak.
Prime Minister Benjamin Netanyahu and Blue and White party leader Benny Gantz were given a further 48 hours to try and reach a coalition deal, the Times of Israel reports. President Reuven Rivlin agreed the short extension minutes before the midnight-on-Monday deadline that Gantz had been given to form a government.
Deadly tornadoes tore through the Southern U.S. on Sunday and Monday, killing 26 people and trapping a handful of people in their homes in South Carolina.
With talks between the two leading candidates for Prime Minister sputtering again, Israeli President Reuben Rivlin warned Sunday that a fourth election could be forthcoming.