dollar

China gives WHO 30 million dollars more

Cash-rich China on Thursday announced an additional USD 30 million grant to the World Health Organization to support its global fight against the deadly coronavirus, days after Beijing expressed "serious concern" over President Donald Trump's decision to freeze US' funding for the UN health agency over its handling of the COVID-19 crisis. Chinese Foreign Ministry Spokesman Geng Shuang made the announcement at a media briefing here. The grant will be in addition to the USD 20 million provided by China, the world's second largest economy, earlier to the WHO.

"China has decided to donate another USD 30 million in cash to the WHO in addition to the USD 20 million cash donation to support the global fight against COVID-19 to help strengthen developing countries health systems," Geng said. He clarified that the additional USD 30 million funding was "aimed to COVID-19 response and supporting the health systems of developing countries".

"This is a different thing from the membership dues paid by China," he said. China hinted at stepping up its monetary contribution to the UN health agency on April 15. Beijing's response came a day after Trump announced to put a "very powerful" hold on US' funding to the WHO, accusing the UN agency of being "very China-centric" and criticising it for having "missed the call" in its response to the coronavirus pandemic. The US is the largest donor to the Geneva-based WHO.

Trump also criticised the organisation's relationship with China. "American taxpayers provide between USD 400m and USD 500 million per year to the WHO; in contrast China contributes roughly USD 40 million a year, even less. As the organisation's leading sponsor, the United States has a duty to insist on full accountability," he said. While announcing the new funding, Geng without referring to Trump's criticism, expressed China's full backing for the WHO and its Director General Dr General Tedros Adhanom Ghebreyesus, whom Trump has termed as pro-China.

"Since the outbreak of COVID-19, the WHO and its Chief Dr Tedros have been actively fulfilling their duties in upholding scientific, objective and an impartial stance. It played an important role in helping the relevant countries strengthen their pandemic response and promote international cooperation," Geng said.
"As the global fight against COVID-19 is at a crucial stage supporting the WHO is defending the ideals and principles of multilateralism and upholding the status and authority of the UN," he said.

Terming the virus the "common enemy of all", Geng said solidarity was the only weapon to defeat it. "Our donation is made out of support and trust of Chinese government and people for the WHO," Geng said, adding that "this is also our way of contributing to global public health and global efforts against the pandemic" Earlier while responding to Trump's announcement to freeze US' funding for the WHO, another Chinese Foreign Ministry Spokesman Zhao Lijian had said: "China expresses serious concern over the US announcement to halt its funding to WHO".

He said China will always support the Geneva-based WHO in playing an important role in international public health and global anti-epidemic response. Asked if China will step-up funding to the WHO to replace the US contributions, Zhao had said, "China has provided USD 20 million to the WHO (to fight COVID-19) and we will study the relevant matter", indicating that Beijing was considering to increase its contribution to the global health body.

Both China and the WHO faced serious criticism over lack of transparency especially about the discovery of the coronavirus in December last year and its silent spread in Wuhan until Beijing imposed a lockdown in the city on January 23. By that time, over five million people from Wuhan were reported to have left for holiday destinations at home and abroad to celebrate the Chinese New Year, which many allege resulted in the spreading of the deadly virus worldwide.

China has denied the allegations of any cover-up, saying it was the first country to report the COVID-19 to the WHO.

Catch up on all the latest Crime, National, International and Hatke news here. Also download the new mid-day Android and iOS apps to get latest updates.

Mid-Day is now on Telegram. Click here to join our channel (@middayinfomedialtd) and stay updated with the latest news

This story has been sourced from a third party syndicated feed, agencies. Mid-day accepts no responsibility or liability for its dependability, trustworthiness, reliability and data of the text. Mid-day management/mid-day.com reserves the sole right to alter, delete or remove (without notice) the content in its absolute discretion for any reason whatsoever




dollar

Rupee vs dollar: Rupee rises 45 paise to 75.27 amid weak dollar, fund inflows

At the interbank foreign exchange, the rupee opened at 75.36, then gained ground to touch 75.27, registering a rise of 45 paise over its previous close




dollar

Kevin Hart sex tape scandal; 60 million dollar lawsuit dismissed by judge

Kevin Hart has just got a major burden released from his shoulders. Reportedly, the actor and comedian has had his $60 million sex tape lawsuit dismissed.




dollar

New Multi-million Dollar Contract Expands L&T Technology's Reach Globally

Today, L&T technology Services Limited, an ER&D service provider to myriad technology continuum, inked a multi-million dollar contract with a giant global semi-conductor company.




dollar

Four years on and half a billion dollars later - Tax Inspectors Without Borders

The international community has made important progress in improving developing countries’ ability to tax multinational enterprises and boost domestic revenue mobilisation. A leading element of international co-operation efforts is the Tax Inspectors Without Borders (TIWB) initiative - a joint OECD/UNDP programme launched in July 2015 to strengthen developing countries’ auditing capacity and multinationals’ compliance worldwide.




dollar

Global trade in fake goods worth nearly half a trillion dollars a year - OECD & EUIPO

Imports of counterfeit and pirated goods are worth nearly half a trillion dollars a year, or around 2.5% of global imports, with US, Italian and French brands the hardest hit and many of the proceeds going to organised crime, according to a new report by the OECD and the EU’s Intellectual Property Office.




dollar

US Dollar LIBOR Three Month Rate

US Dollar LIBOR Three Month Rate was at 0.45 percent on Friday May 8. Interbank Rate in the United States averaged 3.71 percent from 1986 until 2020, reaching an all time high of 10.63 percent in March of 1989 and a record low of 0.22 percent in May of 2014. The three month US Dollar LIBOR interest rate is the average interest rate at which a LIBOR contributor bank can obtain unsecured funding in the London interbank market for a three month period in US dollars. This page provides - United States Interbank Rate- actual values, historical data, forecast, chart, statistics, economic calendar and news.




dollar

Coronavirus: Dollar stores, Clorox make shortlist of stock winners amid rout — as it happened




dollar

Dollar versus renminbi: who has the upper hand?

US allegations that China is manipulating its currency burst into the open again this week when the renminbi was allowed to fall below seven to the dollar for the first time since 2008. Josh Noble discusses this latest front in the US-China trade dispute and its implications for investors and the global economy with Don Weinland, Beijing financial correspondent, and Michael MacKenzie, senior investment commentator.


Contributors: Josh Noble, weekend news editor, Don Weinland, Beijing financial correspondent, and Michael MacKenzie, senior investment correspondent. Producer: Fiona Symon

 

See acast.com/privacy for privacy and opt-out information.




dollar

Rana Foroohar on the trillion dollar fightback, Biden sweep

The FT News Briefing is a rundown of the global business stories you need to know for the coming day, from the newsroom of the Financial Times. If you enjoy it, subscribe to the FT News Briefing wherever you get your podcasts, or listen at FT.com/newsbriefing. 


Western governments pledged trillions of dollars in stimulus measures to limit the economic fallout from the coronavirus pandemic on Tuesday. The FT’s global business columnist Rana Foroohar explains what it could mean for Wall Street and Main Street. Plus, Impossible Foods raises $500m in a round that will help the US-plant based burger group to see through the economic upheaval caused by the current crisis, and Joe Biden solidifies his status as the frontrunner to take on Donald Trump in November.

 

See acast.com/privacy for privacy and opt-out information.




dollar

Dollar’s long-term prospects turn gloomy, say analysts

Interest rate cuts and massive fiscal stimulus are expected to weigh on the greenback




dollar

Top US official plays down Turkey’s prospects of securing dollar finance

Large foreign financing requirement and small reserves leave Erdogan facing cash crunch




dollar

Turkish lira succumbs to pressure and weakens past 7 to dollar

Currency softens beyond key level as investors brace themselves for more interest rate cuts




dollar

Investors turn to US dollars

Currency seen as safe haven from eurozone debt crisis




dollar

As private investment cools, enterprise startups may try tapping corporate dollars

Founders hunting down capital in the middle of this pandemic may feel like they’re on a fool’s errand, but some investors are still offering financing, even if the terms might not be as good as they once were. One avenue that appears to remain open: corporate venture capital. The corporate route offers its own set […]




dollar

As private investment cools, enterprise startups may try tapping corporate dollars

Founders hunting down capital in the middle of this pandemic may feel like they’re on a fool’s errand, but some investors are still offering financing, even if the terms might not be as good as they once were. One avenue that appears to remain open: corporate venture capital. The corporate route offers its own set […]




dollar

Asian governments boost dollar borrowing to fight coronavirus

Countries in region issue debt at close to fastest rate in a decade due to pandemic




dollar

As private investment cools, enterprise startups may try tapping corporate dollars

Founders hunting down capital in the middle of this pandemic may feel like they’re on a fool’s errand, but some investors are still offering financing, even if the terms might not be as good as they once were. One avenue that appears to remain open: corporate venture capital. The corporate route offers its own set […]




dollar

Amber Heard accuses ex husband Johnny Depp of 'paying millions of dollars of hush money'

Last week, Johnny Depp was ordered to turn over his medical records by the job presiding over his court battle with ex wife Amber Heard after her lawyers were given permission to look into past partners.




dollar

Dua Lipa showers busty twerking stripper with a stack of dollar bills at Lizzo's Grammys afterparty

After cutting an ethereal figure on the Grammy Awards red carpet, she was seen letting loose at a number of exclusive post-ceremony soirées on Sunday night.




dollar

Amazon is letting Echo users change Alexa's voice to actor Samuel L. Jackson for a dollar

The new feature stops short of fully replacing Alexa and currently only allows users to query Jackson for the weather, jokes, and for details about their calendar or the time or the news.




dollar

GOP pays half a million dollars for law firm representing Hope Hicks

The Republican Party has paid half a million dollars to the law firm representing Hope Hicks, the former Trump aide who admitted she sometimes lied to help her then-boss Donald Trump.




dollar

Bank of Dad! Father discovers he can stop his toddler son crying by giving him a five dollar bill

This is the charming moment a child stops crying when his father hands him a bank note in Melaka, Malaysia. However, when the note is retrieved from the baby, he resumes bawling.




dollar

Taylor Swift donates $1million dollars to Tennessee tornado recovery

The 30-year-old musical dynamo called the natural disaster 'devastating' while addressing her some 127million followers and asking them to join her. She gave $500k to the state after 2010 floods.




dollar

11 major companies that have returned millions of dollars acquired through a government relief program meant for small businesses




dollar

Federal relief loans for small businesses just dried up. Here's what to do if you need $1 million dollars or more to stay afloat

Getty ImagesAll of the PPP loan funds have been committed, but new Fed-backed loans could help some businesses come back after the crisis.Less than two weeks after launch, all of the $349 billion allocated to small businesses in the CARES Act has been committed.Lending could now come to a grinding halt as banks won't have the guarantee of the US Treasury to back up more loans.Business owners who still need financing greater than $1 million can take advantage of the Federal Reserve's Main Street Lending program, which will support additional loans from banks.The Fed's program backs four-year loans with payments and interest deferred for the first year.Visit BI Prime for more stories.Just 12 days after the launch of the Payroll Protection Program, all $350 billion in loans have been approved,




dollar

How a German drone taxi startup used crowdsourced ideas, an unexpected partner, and its outsider status to carve out a new multi-trillion-dollar opportunity in the transportation industry

When Florian Reuter joined German drone taxi startup Volocopter in 2015 as CEO, co-founders Stephan Wolf and Alexander Zosel had impressive tech, but no clear path to market."When we started out there was not even an idea of how these types of vehicles would ever be certified," Reuter told Business Insider. "Now we have a whole new category created for us."Volocopter now has equity funding of €122 million and the company continues to add corporate strategic partners to a list that includes Daimler, Intel, and Micron.Now, the team is focused on completing its certification with the European aviation authority to become the first commercial air taxi company.This article is part of a series on growing a small business, called "From 1 to 100."If disruption is the path to a billion-dollar startup,




dollar

Drake shows off his incredible sneaker closet featuring thousands of dollars in shoes

The 33-year-old rapper took to his Instagram story to show off his incredible collection of Nikes including several pairs of Kobe Bryant signatures and rare Air Jordans.




dollar

Kim Kardashian's SKIMS shapewear 'is on course to become a BILLION-dollar brand'

Quoting 'sources with direct knowledge' of Kim's business, TMZ reported: 'Kim's massive restock release was actually more successful than the initial launch... netting millions in just minutes.'




dollar

What's inside the $9000 dollar gift bags given to the seven Gold Logie nominees

While six of the seven Gold Logie nominees didn't score the coveted gong on Sunday night, they didn't go home empty-handed.  




dollar

Million Dollar Listing Los Angeles' Matt Altman and wife Johanna are expecting third child

'We are so grateful and excited for this new addition to our family,' Matt Altman gushed on Friday. 'This came as a complete surprise as we needed help having our twins.'




dollar

Million Dollar Listing star Fredrik Eklund puts his dreamy Connecticut mansion for rent

The 43-year-old agent is looking for someone to take his sprawling home located in the town of Roxbury in Connecticut for almost four months for a staggering $150,000.




dollar

El Chapo wants his billion dollar fortune distributed among indigenous communities in Mexico

As Joaquín 'El Chapo' Guzmán spends the rest of his life in the most secure prison in the United States, he has a wish: giving all of his massive wealth to the indigenous people of Mexico.




dollar

US lawyers sue China for TRILLIONS of dollars as they accuse Beijing of coronavirus negligence

The class action, which involves thousands of claimants from 40 countries including Britain and the US, was filed in Florida last month, and has piled huge pressure on President Xi Jinping.




dollar

Chris Hemsworth sells HORSE POO for two dollars a bag by the side of the road

He may have an illustrious Hollywood career, but even Chris Hemsworth is looking for ways to make some extra cash.




dollar

Pound rises against Dollar as Boris Johnson gives Tory conference speech

Shortly after Boris Johnson's speech in Manchester today, the Pound shot up against the US Dollar from 1.2254 at 12.41pm to 1.2296 at 12.53pm.




dollar

Six Dollar Man star Lee Majors poses with his pretty blonde spouse

On Saturday night the actor proved he is still looking great as she took his wife Faith - who bares an eerie resemblance to Farrah -  to the Jane Seymour charity gala in Beverly Hills.




dollar

Madonna, 60, to spend FIVE MILLION DOLLARS on Billboard Music Awards performance, Medellin

Madonna is splashing her own cash to the tune of $5 million to ensure a showstopping comeback performance at the Billboard Music Awards on Wednesday. 




dollar

Inside billion-dollar cruise ships and no-access areas you never get to see

Royal Caribbean's Voyager of the Sea set sail for the first time since its $80million makeover for a 14-day journey and arrived in Sydney on Monday.




dollar

Millennial, 21, reveals how he made his first MILLION dollars 'working from home'

Eli Dangerfield launched an eCommerce business selling watches in 2016 while he was still in high school.




dollar

Nicholls has high hopes for Politologue and Dynamite Dollars in the Queen Mother Champion Chase 

Champion trainer Paul Nicholls views both Politologue and Dynamite Dollars as lively outsiders for the Betway Queen Mother Champion Chase at next month's Cheltenham Festival.




dollar

Pound falls against dollar and euro: what can travellers do?

This week, the pound has taken a tumble, leaving it at a 28 month low against the dollar while it has also dipped significantly against the euro.




dollar

Trillion dollar club breakdown: Amazon makes $16K per worker while Apple makes $435K an employee

Apple makes more per employee and has the highest profits in a new trillion dollar club breakdown, leading with $59.5, besting Google parent Alphabet, Microsoft and Amazon.




dollar

The unlikely VHS tapes selling for THOUSANDS of dollars on eBay - and how to recognise if you have

eBay Australia has revealed the Disney VHS tapes from the 1990s that are worth a fortune. Those earning huge sums include a 1999 Special Edition of Mulan, which sold for a $21,000 recently.




dollar

60 to a dollar: Good, bad or ugly?


The recent plummet of the Indian rupee has elicited alarmist cries from different quarters, but what does it really augur? Shankar Jaganathan provides a historical perspective on relative currency movements to help analyse its possible implications.




dollar

G20: The 'trillion' dollar magic trick


To great fanfare, the G20 announced a US $1.1 trillion global package, which will actually deliver less than half that amount in new or guaranteed resources. Meanwhile issues of fundamental economic reform were left off the agenda.




dollar

As Flipkart raises a billion dollars, e-commerce is set to explode

Almost 15 years ago Jeff Bezos, founder of US online retail firm Amazon, said e-commerce was going to change the way the world shops.




dollar

Sensex tanks over 1000 points as US oil prices dip below zero dollar a barrel

Sensex tanks over 1000 points as US oil prices dip below zero dollar a barrel





dollar

Rupee Rises 34 Paise to 75.84 Against US Dollar in Early Trade

Forex traders said positive start of domestic stocks supported the local unit. Besides, market sentiments improved as more countries are announcing gradual lifting of lockdowns that have been imposed to contain coronavirus infection.




dollar

Rupee Surges 63 Paise to 75.03 Against US Dollar in Early Trade

The surge came after market sentiments improved as more countries are announcing the gradual lifting of lockdowns that have been imposed to contain coronavirus infection.