60m people of Italy placed under lockdown as death toll surpass 463

The entire population of Italy are told to stay at home to curb the coronavirus outbreak and seek permission for essential travel. Prime Minister Giuseppe Conte  said the measures were designed to protect the most vulnerable “There is no more time”. Italy’s coronavirus death toll lappet from 366 to 463 on Monday as cases of…

Saudi’s launch oil price war

Saudi Arabia has launched an oil price war targeting its biggest rivals to swamp the crude market with supplies at deep discounts to win new customers next month, a move that would send crude prices tumbling and expected to ripple through the US Junk bond market, where shale producers have borrowed billions of dollars recently.…

Italy’s Covid -19 toll crosses 366

Italy which has one of the world’s oldest populations,  366 people have died  and 7375 infected from the coronavirus outbreak Although some transport in and out of the regions affected continued on Sunday, flights still arrived at Milan’s Malpensa and Linate airports. Italy’s national carrier Alitalia said it would suspend all operations from Malpensa from…

16m people under quarantine

Italy’s Prime minister Giuseppe  Conte has said at least 16 million people are now quarantined and locked down including the Lombardy region and also in 14 provinces until early April. ‘ We want to guarantee the health of our citizens. We understand that  these measures will impose sacrifices, sometimes small and sometimes  very big. But…

High-flying lawyer’s addiction

America’s opioid epidemic has hit the society’s elite, previously associated with the lower class living in trailer parks and other centres of deprivation. Ellene Zimmerman’s husband Peter was a lawyer who, as a partner at a top San Diego intellectual property firm, earned well in excess of $1m a year. He was also a drug…

Taxation, redistribution and debate about inequality

Capital and Ideology by Thomas Piketty contains fascinating descriptions of unknown historical uprisings against inequality such as Haitian revolution and describes societal system through the ages – slavery, serfdom, feudalism, communism, hypercapitalism, colonialism and caste, class collectively as “Inequality regimes” shaping the lives of billions and uses historical sources to chart the distribution of incomes…

Nissan invests £400m despite warning

  Nissan is investing £400m in its Sunderland plant, despite warnings from the Japanese carmaker that tariffs after Brexit might endanger the facility’s exports. The company said a new £52m press line, has been installed ahead of building a revised version of the Qashqai, the family sport-utility vehicle that accounts for two-thirds of the site’s…

Testing started for coronavirus vaccine

In February Moderna Therapeutics, Cambridge-based (near Boston) biotech group, smashed a record for the fastest time between identifying a virus ( Covid-19) and creating a vaccine ready to test on humans in 42 days. Juan Andres, a former Novartis executive to help it ramp up manufacturing of its experimental drugs and vaccine at the new…