Worst day on Wall Street since 1987 as virus fears spread

13 Sept 15:59 Key points summarised by AI

Global stock markets, including Wall Street and European exchanges, suffered their worst day since 1987 on Thursday, driven by escalating coronavirus fears.
The S&P 500 plunged 9.5%, officially entering a bear market, while the Dow Jones Industrial Average plummeted 10%, wiping out most of its gains since President Trump took office.
The market crash was fueled by widespread global cancellations, travel bans, and growing doubts about authorities' ability to counter the economic fallout from the pandemic.
Despite interventions like automatic trading halts and the Federal Reserve's pledge to inject $1.5 trillion into the Treasury market, investor confidence remained low, intensifying recession fears.

New home loan scheme aims to boost property sector with Bt125 billion

20 Oct 11:38 Key points summarised by AI

The Cabinet approved a new Bt50-billion 'A House for Each PLUS' home loan scheme from the Government Housing Bank, offering up to Bt3 million with 40-year repayment terms for low- and middle-income earners.
This initiative aims to significantly boost the property sector and national economy, projecting to generate Bt125 billion in economic activity and create jobs.