Norway wealth fund will bump stock portfolio back up to 70%, outgoing CEO says
Norway’s sovereign wealth fund will raise its stock market investments back to 70% of its portfolio from the current 65.3%, outgoing Chief Executive Yngve Slyngstad...
Mass testing explains Germany’s relatively low death rate from coronavirus: virologist
Germany’s relatively low rate of deaths so far from coronavirus is largely due to the high number of tests being carried out in the country,...
Turkey hints curfew could come if coronavirus spread worsens
Turkey can resort to the “highest measure” of adopting a complete curfew if coronavirus infections continue to spread, the government said on Thursday as it...
Japan’s Abe calls coronavirus a ‘national crisis’ after surge in Tokyo
Japan banned entry from Europe on Thursday and warned of a high risk the coronavirus would become rampant after a surge in Tokyo, setting up...
BlackRock says ‘rebalancing into risky assets’ after $2 trillion U.S. stimulus
Asset manager BlackRock said on Thursday the market selloff had created significant value for long-term investors and told clients it now favored “rebalancing into risk...
EU leaders to shield strategic firms from hostile interest amid crisis
European Union leaders will on Thursday back plans to defend healthcare, infrastructure and other firms seen as having strategic role from hostile foreign takeovers, draft...
UAE to clear streets for coronavirus disinfection drive, Bahrain evacuates citizens
The United Arab Emirates will halt all public transport and restrict people’s movements in the evening for a weekend nationwide disinfection campaign starting Thursday to...
UK navy shadows Russian warships after ‘high levels of activity’
Britain’s navy said on Thursday it had shadowed seven Russian warships after detecting high levels of activity by Russian vessels off its coastline....
Mali opposition leader goes missing with 11 others: party
Mali’s main opposition leader Soumaila Cisse is missing and thought to be kidnapped along with 11 members of his delegation, his party said on Thursday,...
Hungary expects coronavirus epidemic to peak in June-July: PM Orban’s chief of staff
Hungary’s government expects the coronavirus epidemic to peak in June-July, Prime Minister Viktor Orban’s chief of staff said on Thursday, adding this projection was surrounded...