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Op-Ed: It’s not time to panic, it’s time to plan your finances during coronavirus pandemic

Op-Ed: It’s not time to panic, it’s time to plan your finances during coronavirus pandemic

Finance
Phynart StudioPrior to the Covid-19 pandemic, an astounding 53% of the American population felt anxious about personal finances. Undoubtedly, that percentage has grown significantly, with more than 26 million Americans becoming unemployed since then. The statistics are alarming, but it is not time to panic — it's time to plan.Although many financial plans will need to be reassessed due to the changes that businesses and households face, proactive planning will aid you in achieving your short- and long-term financial needs and goals, especially in times of hardship.To gain perspective and make decisions, you can evaluate your current assets, weigh your risks, rework projections to match the new conditions and proactively alter plans according to your needs, goals and values.1. Manage your r...
Coronavirus: Supermarkets ask shoppers to be ‘considerate’ and stop panic buying

Coronavirus: Supermarkets ask shoppers to be ‘considerate’ and stop panic buying

Business
Supermarkets are urging shoppers not to buy more than they need amid concern over coronavirus-linked stockpiling.In a joint letter, UK retailers have reminded customers to be considerate in their shopping, so that others are not left without much-needed items."There is enough for everyone if we all work together," it adds.It comes after some shops began rationing the sales of certain products to avoid them selling out completely.In the letter, the retailers say online and click-and-collect services are at "full capacity" and staff and suppliers are "working day and night to keep the nation fed".The retailers say they are working "closely" with government and suppliers to make more deliveries to stores so that shelves are well-sto...
FTSE takes biggest hit of coronavirus crisis amid global panic sell-off

FTSE takes biggest hit of coronavirus crisis amid global panic sell-off

Business
London's FTSE-100 of top listed companies has seen its biggest fall of the coronavirus crisis to date as stock markets around the world felt the heat. The worsening outbreak has fuelled fears of a global recession causing shares to tumble. The UK's bluechip index experienced its largest daily percentage drop since the epidemic began.It fell 3.6%, or 243 points, wiping £61bn off the combined value of the leading companies.The sell-off is the biggest in percentage terms since 24 August 2015. Advertisement ...
Coronavirus: China accuses US of causing panic and ‘spreading fear’

Coronavirus: China accuses US of causing panic and ‘spreading fear’

World
The Chinese government has accused the United States of causing "panic" in its response to the coronavirus outbreak.It follows the US decision to declare a public health emergency and deny entry to foreign nationals who had visited China in the past two weeks. There are more than 17,000 confirmed cases of the virus in China. Some 361 people have died in the mainland alone. Outside China, there are more than 150 confirmed cases of the virus - and one death, in the Philippines.US bars foreigners who recently visited ChinaCoronavirus: A visual guide to the outbreakWhat else did China say?In a news briefing on Monday, Chinese foreign ministry spokesperson Hua Chunying said the US actions "could only create and spread fear" instead o...
‘Major scenes of panic’ after fairground ride accident injures 28

‘Major scenes of panic’ after fairground ride accident injures 28

World
Dozens of people have been hurt in a fairground accident near the Spanish city of Seville.The incident occurred in the early hours of Saturday morning during the annual summer fair in the small town of San Jose De La Rinconada. It is not known why the spinning disc ride fell apart, but Diario de Sevilla reported it was due to an electrical failure. Image: Officials are investigating the accident but one report blames electrical failure The newspaper described "major scenes of panic in the fairground's peak hours".A witness told local news outlets: "Everyone was up there and suddenly the ride broke in half. Advertisement "People tried pushing the button...