KUALA LUMPUR: It has been a month since Christina Lye, 28, saw her three-month-old baby.
While the beautician and her husband stay in a small rented room in Singapore, they have also rented a house in Johor Bahru so that her mother-in-law can relocate from Sabah to care for their baby.
From the oil patch to vacation destinations and the coastal economies that house much of the American population, the fallout from the coronavirus pandemic is spreading.
With utmost caution, slowly, carefully and nervously watched, the process of relieving lockdown restrictions has started country by country in Europe, each at its own pace and according to its own approach as the continent marks a turning point in its coronavirus crisis.
Oil has dropped to a twenty-one-year low today. Bears are out for blood. The WTI West Texas Crude Oil dropped over 18% today and reached a low of $14.45, a price level that has surprised traders. The steep fall in price is due to the lack of sufficient demand and lack of storage given that the production cut has failed to address the supply glut. There is a strong possibility that WTI Crude Oil prices will drop to $10. Yes, I mean $10! And, here is why.
The Albanian village of Shishtavec, near the rugged mountains that mark the border with Kosovo, is in the poorest corner of one of Europe’s poorest countries. Locals here bond over complaints about corruption and stories of relatives building their futures in Western Europe. There’s something else they share: a dream that one day they, too, will be allowed to integrate with the rest of the continent.
“Everyone, even small kids, say they want to join the European Union,” says 34-year-old Rakan, a farmer who speaks a little English, as well as Albanian, Bulgarian, and some German. “But it’s impossible because too much has to change.”You’re browsing incognito.Subscribe to continue reading in incognito mode.