European mitigation. As Europe struggles against the coronavirus outbreak, its institutions are scrambling for solutions to limit economic and political fallout. Today, the European Union will hold an “orientation debate” via videoconference about how the bloc should ease out of quarantines and relax public restrictions. The debate comes after Denmark and Austria announced yesterday that […]
In late March, senior officials from the Quadrilateral Security Dialogue, a loose coalition of the Indo-Pacific’s four most powerful democracies, quietly launched a series of meetings aimed at forging a coordinated response to the coronavirus pandemic. “The Quad” (comprising Japan, Australia, India and the United States) has come to symbolize both the grand plans of […]
OPEC+ pause. Saudi Arabia and Russia have delayed an OPEC+ meeting intended to negotiate production cuts. Instead of meeting on Monday as promised, the oil cartel will meet Thursday. The delay caused a significant drop in oil market prices; Brent crude fell more than 3.2 percent and U.S. crude fell 3 percent, with prices for […]
Unemployment claims have soared to historic levels.