Coronavirus to trigger plunge in energy demand, emissions: IEA : Bulletin: Business Today
Business Today

Coronavirus to trigger plunge in energy demand, emissions: IEA

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May 1, 2020

Coronavirus lockdown 3.0: Govt identifies Delhi, Mumbai, all metros as red zones post May 3
The government has finalised the criteria for demarcation of different zones after May 3. It has said that all metro zones including Delhi, Mumbai, Chennai, Kolkata, Hyderabad, Bengaluru and Ahmedabad will be declared as red zones. The Ministry of Health based the list on factors such as number of cases, doubling rate, extent of testing and surveillance feedback.

Donald Trump may impose tariff on China for damages
President Donald Trump Thursday hinted at imposing tariff on China, but ruled out considering cancelling US debt obligations to the country as a punishment for the coronavirus. He said debt cancellation is a "rough game" and may harm the sanctity of the US currency. Several countries including the US and its allies like Germany, Britain and Australia are holding China responsible for the spread of coronavirus. There have been multiple voices in these countries on ways to seek compensation for the losses inflicted by the pandemic.
RIL results: Reliance Industries FY20 profit increases to Rs 39,880 crore
Mukesh Ambani-led Reliance Industries Limited (RIL) on Thursday recorded a 0.1 per cent rise in consolidated profit (after exceptional item) at Rs 39,880 crore in the year ended March 2020. The oil-to-telecom conglomerate had posted a profit of Rs 39,837 crore in complete FY19. RIL recorded a rise in revenue of 5.4 per cent at Rs 659,205 crore in FY20, the company said in a regulatory filing.

Maruti Suzuki records zero sales in April due to lockdown
Maruti Suzuki India on Friday reported zero monthly domestic sales for the first time ever in April, as the country remained under lockdown to contain the spread of the coronavirus. The carmaker suspended operations from March 22, in line with orders from the government as India rushed to curb the spread of the virus.

WHO like PR agency for China; should be ashamed, says Donald Trump
US President Donald Trump Thursday said the World Health Organization should be "ashamed of" itself, as he likened it to a public relations agency for China. The Trump Administration has launched a probe into the role of the WHO on coronavirus, and has temporarily suspended the US' financial assistance to it. "I think that the World Health Organization should be ashamed of themselves because they are like the public relations agency for China," Trump told reporters.

Coronavirus to trigger biggest ever plunge in energy demand, emissions: IEA
Economic lockdowns brought on by the coronavirus pandemic look set to cut global energy demand and carbon dioxide emissions by record amounts, the International Energy Agency (IEA) said on Thursday. Global energy demand could slump by 6% in 2020 due to the restrictions placed on homes and industry in what would be the largest contraction in absolute terms on record, according to Paris-based IEA, which advises industrialised nations on energy.

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