Business
Wall Street Stocks Face More Turmoil
Stocks were again uncertain on Thursday as the policymakers of the United States and Europe are taking some measuring steps to offset the very high decline of the economies.
Despite the 3% fall from the S&P 500 earlier, they have made a climb earlier. Some shares not only in the US but in Europe also recovered. Oil prices which fell 20% off on Wednesday gained back a little on Thursday.
This unexpected rise and fall of stocks all over the world on Wednesday are due to the pandemic of coronavirus that has continued to spread all over the world.
President Trump talked about it during a White House briefing and said that there would be a big decline before the economy would climb back again. He also wants to speed up the approval of some treatments which may help for the COVID-19.
The President said, “I believe in the V curve. When this is defeated, this hidden scourge is defeated, I think we’re going to go up very rapidly.”
In the country, the number of workers who are filing for unemployment insurance increase rapidly according to figures from the government.
281,000 have filed first-time claims as compared to 211,000 one week ago.
It doesn’t reflect yet the sharp cut that a lot of companies are doing to downscale the operations of their business as their means of keeping their consumers staying at home. Some factories have been closed as well.
On Wednesday night, the European Central Bank proposed a huge bond-buying program that will aid in the prevention of economic calamity and the Fed also proposed to support the funds of the money market.
These are threats where cash is needed. The Bank of England on Thursday recently announced that it will lower its benchmark interest rate to 0.1% and increase UK government bonds and other corporate bonds.
Just on Thursday, The Treasury Secretary, Steven Mnuchin announced that the economic plan of the White House would include sending $1,000 to every American adult and $500 per child within 3 weeks.
If this global crisis would continue, another check would be sent to the citizens again next month, all of the same amounts.
Also, on the same day, Ford Motor announced that it will suspend its dividend payment and draw $15 billion from the lines of credit to help the offset of the production which was caused by the coronavirus pandemic.
The company is one of the latest ones to help cushion the economy.
Patrick Anderson, an economist in East Lansing, Michigan said “This is a body blow to the economy, unlike anything we’ve experienced in recent memory. Even the Great Recession did not include the shuttering of businesses by government order at the same time that people were being told to stay home and distance themselves.”
Some economists said that there have been some predictions about the job market but it didn’t expect that the unemployment rate will increase quickly and surpass eventually a high level of 10%.
Read More: Trump Invoked Defense Production Act to Combat Coronavirus Pandemic
Business
CROWN GOOSE LAUNCHES A 6 STAR HOTEL GRAND MERCURE ROOM PACKAGE
Asia’s one of most prominent Hotelplexes, Yongsan Dragon City Hotel Grand Mercure and global luxury goose down bedding brand Crown Goose collaborate to showcase Grand Mercure Crown Goose Suite Room Package from July 20th to August 31st.
Asia’s one of most prominent Hotelplexes, Yongsan Dragon City Hotel Grand Mercure and global luxury goose down bedding brand Crown Goose collaborate to showcase Grand Mercure Crown Goose Suite Room Package from July 20th to August 31st.
Yongsan Dragon City Hotel is a part of Accor Hotel Group from France, and is the largest hotel in Korea with 1,700 rooms, 11 restaurants and bars. The hotel can accommodate up to 4,900 people. Yongsan Dragon City includes four brands: Grand Mercure, Novotel Suites, Novotel Ambassador, and ibis Styles Ambassador.
Crown Goose Suite Room Package is located in Grand Mercure, known as a 6-star hotel from the Accor Hotel Group. Grand Mercure has upto 3 bedrooms, full kitchen facility, and indoor golf course and an access to executive floor lounge.
Grand Mercure’s Crown Goose package room is decorated with royal gold color, which symbolizes success, elegance, and royal authority. This Grand Mercure Suite room displays the top 0.05% of Crown Goose clients’ favorite bedding items. The room package also includes gift box of towel sets.
Crown Goose, a global eiderdown brand has showcased “Crown Goose Room Package” in Hilton hotels before. Hilton’s ocean suite room, the highest room in Hilton accommodated a number of celebrities.
Located in the heart of Beverly Hills, Crown Goose is a goose down brand loved by the world’s top clients and super riches. Crown Goose’s recent clients included New York Manhattan Super Rich’s Residence, 15 Hudson Yards and many Beverly Hills mansions. Thanks to these facts, Crown Goose has established itself as a high-end luxury goose down comforter among the wealthy.
Business
PENINSULA Unveils World’s First Official 8K Main Trailer!
(PRESSREELS) CONTENTS PANDA(Next Entertainment World), which presents PENINSULA released the world’s first official main trailer of 8K image quality at noon (Korean time) on June 16, 2020.
Four years after ‘TRAIN TO BUSAN’, Connect with the survivors of the ‘PENINSULA’!
(PRESSREELS) CONTENTS PANDA(Next Entertainment World), which presents PENINSULA released the world’s first official main trailer of 8K image quality at noon (Korean time) on June 16, 2020. The trailer of PENINSULA, a 2020 Cannes Film Festival’s official invitation film, depicts the struggles of those who have survived in different ways for four years after TRAIN TO BUSAN.
PENINSULA is an action blockbuster depicting the last battle for survival between the people left behind in the ruins of the Korean peninsula four years after Train to Busan. The upcoming PENINSULA trailer ahead of its worldwide premiere release in the summer of 2020 is full of such big scale action sequences and explosive thrills together with fast-sounding gunfights and car-chasing scenes.
In particular, the official trailer of PENINSULA, which has 8K image quality for the first time in the world, meets the technical specifications of all digital devices and delivers a high level of visual completeness to moviegoers around the world. The 8K trailer, which is 16 times clearer than the FULL HD image quality and 4 times clearer than the 4K image quality, can be enjoyed in 8K, 4K and HD according to the device’s specifications if the 8K main trailer via the NEW’s official channel on YouTube is selected as the highest specification (4320p 8K). Especially, viewers can watch them with a perfect picture quality without an extra setup from the YouTube app on Smart TVs that support either 4K or 8K.
This super high-definition trailer was created through the collaboration of NEW’s digital business corporation NEW ID and SK TELECOM. Among the media-focused core technologies of AI-based Post Production, a joint enterprise between the two companies, the technology called Supernova is a media upscaling solution (up to 8K) to improved quality of image and sound source based on the AI’s deep learning algorithms while maintaining the quality level of the original.
Movie Information
– Title: PENINSULA
– Director: YEON Sangho (Psychokinesis | Seoul Station | Train to Busan)
– Genre: Disaster, Zombie
– Cast: GANG Dongwon (Illang: The Wolf Brigade | A Violent Prosecutor)
LEE Junghyun (Love, Again | The Battleship Island)
– World Sales: CONTENTS PANDA (NEW)
– Production: REDPETER FILMS (Birthday | Psychokinesis | Train to Busan)
– Expected Release Date: Summer 2020
– Logline: 4 years after the inexplicable disaster, they’re returning to the godforsaken land!
– Synopsis
: Jung-seok barely managed to escape from the unprecedented disaster in Korea 4 years ago and lives in exile in Hong Kong by himself. He is given a lucrative chance to return to Korea to retrieve large bags of cash left abandoned in the streets of Seoul. His mission is infiltrated ruined city of Seoul and secure the target truck before the sunrise, then return to Hong Kong unscathed. But he and his team are ambushed by a militia known as Unit 631 and vicious zombie hordes. During his desperate struggle to survive, Jung-seok experiences a moment of deus ex machina as survivor Min-jung and her family save him from brink of death. Together, they formulate one last plan to escape the peninsula for good. The prodigal son, the survivor and the deranged, their bloody battle begins!
