Emma Boyde, Alice Woodhouse, Thomas Hale, Philip Georgiadis, Myles McCormick McCormick, Anna Gross, Charlotte Middlehurst, Peter Wells, Mamta Badkar, Matthew ·Rocco (Matthew Rocco), Anna Nicolaou (Anna Nicolaou)
Two European commissioners stated that Europe should consider establishing a new joint fund to invest in the recovery from the post-corona crisis, and increased calls for the issuance of collective bonds to combat the economic recession.
Economic Affairs Commissioner Paolo Gentiloni and Single Market Commissioner Thierry Breton wrote that given the scale of the economic challenge, member states and the European Union are required to “historical mobilization”.
They wrote in the article: “It is clear that no European country (north or south) can cope with this shock on its own. No country.” A series of newspapers including Le Monde and Corriere della Sera published The article wrote.
They wrote that if Germany’s rescue plan and guarantees are promoted throughout the EU, the financing needs will be between 150 million euros and 160 million euros.
This means that other tools need to be found to ensure that “each member country can fairly and equitably obtain the debt needed to fund its respective plans.” They proposed to create a specially issued fund that can issue long-term bonds and use the funds for joint investment in economic recovery.
Countries such as France, Italy, and Spain have called for joint bond sales to pay for recovery efforts, but they are being resisted by northern countries, including Germany, which are cautious about efforts to strengthen collective debt issuance.
Eurozone finance ministers will hold a conference call on Tuesday afternoon to discuss ways to deal with the economic crisis.
Donald Trump claimed that the United States has stored 29 million doses of hydroxychloroquine because the President of the United States once again touted the benefits of this antimalarial drug to treat the coronavirus, although the drug has not yet been proven to resist the virus.
Trump on Sunday urged people, especially medical staff, to use the drug as a medicine to prevent the disease, despite the lack of clinical evidence that the drug is effective against the coronavirus.
The president said at a press conference: “We have stored 29 million hydroxychloroquine.” Mr. Trump said: “Many pharmacies have prescription drugs, and they are not expensive.”
“In addition, we are sending them to various laboratories, our army is sending them to the hospital, and we are sending them all out. If you are a doctor or a nurse, the first responders are medical staff who go to the hospital, and they say The facts were pretty good. They were solved before. But what are you going to lose?”
Apple has designed its own face masks for medical staff and said it will be able to ship 1 million pieces a week to protect medical professionals who are fighting the Covid-19 epidemic.
CEO Tim Cook said in a video shared on Twitter that Apple has carried out a company-wide “company-wide effort” to design, manufacture, package, and ship masks, and in the United States and Made in China.
The person in charge of Apple said: “We plan to ship more than 1 million by the end of this week, and more than 1 million per week thereafter.” “We are working closely with medical professionals and government officials across the United States to deliver these emergency patients. Where it is most needed. Through these two efforts, we hope to rapidly expand our distribution to regions outside the United States.”
The protective cover is a simple plastic sheet that can be worn to cover the face in less than two minutes of assembly time.
Apple delivered the first batch of equipment to the Caesars Hospital facility in the Santa Clara Valley last week and said it can ship shields in boxes.
Oil prices plummeted due to doubts about the prospects for a deal between Saudi Arabia and Russia, and Asia-Pacific stock markets rose slightly earlier this week.
Brent crude oil fell by as much as 12% to just over $30 a barrel, as a barb deal between the two oil producers over the weekend suggested that a deal to cut oil supplies is still out of reach.
Japan’s Topix rose 0.1%, Australia’s S&P/ASX 200 rose 0.6%, and Seoul’s Kospi rose 1.4%.
The U.S. stock market closed down on Friday, with the S&P 500 index falling 1.5% because the U.S. recorded the fastest unemployment rate since the financial crisis. As the economic loss of the coronavirus became clearer, the index fell by more than 2% in a week.
Mike Pence, vice chairman and head of the White House Coronavirus Task Force, said that the United States is beginning to see “progressive brilliance” in the fight against the coronavirus.
Mr. Pence said at a press conference on Sunday that he hopes the disease will begin to be brought under control where it was first hit.
He said: “We are starting to see weak progress… We are starting to see cases, and most importantly, losses and hospitalizations are beginning to stabilize.”
President Obama made this comment after American surgeons warned that “our Pearl Harbor” would be proven in the coming weeks. The President told Americans to prepare for the toughest week since the outbreak.
But officials say they are happy to see some signs of stabilization in places with the largest number of outbreaks of the disease in areas such as Washington State and New York.
Scotland’s chief medical officer resigned on Sunday because she inspected the government’s own coronavirus recommendations twice and asked them to go to their holiday homes over the weekend. Scotland’s first minister, Nicola Sturgeon, received a media briefing hours after Catherine Calderwood announced her resignation.
As the government invited millions of people to apply for free delivery of masks every week, the number of people who died of coronavirus in Turkey on Sunday rose to 574. The Turkish Ministry of Health announced that in the past 24 hours, a total of 73 people have died of Covid-19 in the country. The number of confirmed cases increased by 3,135 to more than 27,000.
In French hospitals, another 357 people died of the coronavirus, but the growth rate of people in need of intensive care continued to decline. The total number of deaths in French hospitals is 5889. Another 2,189 people died in nursing homes and other institutions, which means that the total number of deaths in the country is 8,078.
The Public Health Agency of Canada said on Sunday that the number of confirmed coronavirus cases in Canada has exceeded 14,000. The number of cases increased from 12,924 to 14,426 per day, an increase of nearly 12%. At the same time, the death toll rose from 214 to 258, with the highest death rate among people 80 and over.
Irish Prime Minister Leo Varadkar (Leo Varadkar) will resume his role as a doctor because the country will further strengthen the fight against the coronavirus and promise to work one day a week in the health sector while leading the government.
The Berlin authorities have withdrawn the accusations, accusing the United States of occupying and transferring a batch of masks intended for use by the Berlin police. These masks have strained the already difficult relationship between the United States and Germany.
European governments have begun preparations to ease blockades across most of the continent to contain the coronavirus pandemic, even if restrictions that paralyze the economy are expected to continue to take effect for several weeks.
As of the end of Sunday, Chinese health authorities have reported 39 new cases of the coronavirus, one of which is a locally transmitted case in the southern province of Guangdong. The remaining cases were imported from overseas.
Guangdong Province, a major manufacturing hub that borders Hong Kong, reported five new coronavirus cases in the province on Saturday, highlighting the challenge of restarting the Chinese economy while controlling the epidemic.
According to reports, in Hubei Province, there are new deaths related to the outbreak of the coronavirus. This is the root cause of the outbreak. The total number of deaths is 3331.
Authorities have reported 78 new cases, of which those who tested positive for the virus had no symptoms. There are currently 1,047 asymptomatic cases under medical observation.
In this British “Financial Times” video, Delhi correspondent Stephanie Findlay (Stephanie Findlay) examines India’s imminent humanitarian crisis and potential chain reactions.
In the world’s second most populous country, 78 million people live in densely populated urban slums, and the number of hospital beds per capita is much smaller than in China or the United States.
If India cannot control the virus, it may have important implications for its global spread. Watch more here.
Although the new coronavirus cases fell to the lowest level in six weeks, South Korea remained cautious on Monday.
On Monday, health officials reported 47 new cases, the lowest level since February 20 and lower than Sunday’s 81 cases. But officials also warned that the country still faces a high risk of further outbreaks, and said the drop in numbers reflects the decline in the number of people being tested in recent days.
The broader trend is that the country has expanded the scope of social distancing measures, including moving schools and universities online and cracking down on large-scale public gatherings. After a surge in import cases in recent weeks, Seoul has also stepped up inspections of incoming passengers.
South Korea, which has tested nearly one million people for the virus, has contracted a total of 10,284 infections and caused 186 deaths. In the country, more than 6,500 people have recovered from the virus, reflecting the relatively low number of deaths in many parts of the world following large-scale public testing activities in February and March.
Ssangyong Motor Company plans to sell non-core assets to ensure liquidity. Following the growing coronavirus pandemic, Mahindra & Mahindra, the parent company of Ssangyong Motor Co., cancelled plans to inject capital into troubled Korean automakers.
The Indian parent company said earlier this year that it would inject 230 billion won (approximately US$186 million) into Ssangyong within three years, but Mahindra’s board recently rejected the plan because of the pandemic caused by global automakers. Hit harder.
The company said on Monday: “Because the global automotive industry is facing an unprecedented crisis, the Covid-19 crisis has affected the global financial industry and the real economy, so we cannot get the support of major shareholders.”
Mahindra’s decision to cancel his investment plan has aroused speculation about the company’s withdrawal from South Korea, but Shuangyang said Mahindra will still inject 40 billion won in emergency funds into South Korean automakers.
However, emergency funds will be far less than the financial support Ssangyong needs to maintain its livelihood. Pawan Goenka, managing director of Mahindra, stated earlier this year that a total of 500 billion won will be needed to reverse the Ssangyong Bureau by 2022.
Since 2017, Ssangyong has suffered losses due to lack of new models. Its sales plummeted by more than 30% in the first three months of this year after falling 2.2% last year. Mahindra acquired Ssangyong for 523 billion won in 2011 and holds 75% of Ssangyong’s shares.
Flight Center is raising nearly A$1 billion through fundraising and new credit lines to strengthen its balance sheet as the company faces a travel booking collapse due to the coronavirus crisis.
The Australian-listed travel agency said it will close more than half of its global leisure stores and close or lay off 6,000 of its 20,000 employees in a bid to cut costs by AUD1.9 billion a year.
The group has operations in Australia, China and several European countries. The group said it will raise A$700 million through fully underwritten shares and has received an additional A$200 million credit line from its bankers.
Flight Center Managing Director Graham Turner (Graham Turner) said that this is the most challenging period in the company’s 30-year history, and it is inevitable that some companies will not be able to weather the crisis.
“With this capital and additional liquidity, we are in a more favorable position and able to deal with the long-term downturn (it seems that this is a very likely situation at the moment), and then take advantage of the major opportunities that will arise once conditions improve, ” He said.
The President of El Salvador, Nayib Bukele, thanked Chinese businessman Jack Ma and the Alibaba Group he founded for donating 100,000 masks, 10,800 coronavirus test kits and five A ventilator.
“We will need all the help to fight this disease. Thank you again. God bless you,” the president said on Twitter after the donation began to arrive.
El Salvador has imposed a strict lockdown, 69 cases have been confirmed, and three deaths have been reported.
Oil prices have fallen because of doubts that Saudi Arabia and Russia can quickly reach an agreement to reduce global crude oil supplies, while Asian stock markets have been boosted by optimism that measures to curb the coronavirus pandemic will bear fruit.
In Monday’s Asian trading, the international oil benchmark Brent crude fell 1.7% to US$33.53 per barrel, while the US benchmark West Texas Intermediate crude fell 3.3% to US$27.40.
After the barb deal in Riyadh and Moscow over the weekend, both benchmark prices fell by 12% earlier. This raised concerns about any potential agreement that might cut supply and lower the price. One of the two producers The fall in prices hit prices.
European governments have signaled that they are considering easing the blockade on most parts of the entire African continent, leading to the rise of stocks in the Asia-Pacific region and Wall Street futures.
The Japanese benchmark Topix index rose 2.6%, South Korea’s Kospi index also rose 2.6%, and Australia’s S&P/ASX 200 index rose 3.9%. Hong Kong’s Hang Seng Index rose 1.2%. On Monday, South Korea’s new cases fell to a six-week low, but Seoul officials warned that the downward trend reflects the recent decline in testing.
S&P estimates that after the coronavirus outbreak, the non-performing assets of the Asian banking system will surge by US$600 billion this year
The rating agency stated that China will account for the “largest share” of the growth due to the size of the banking system, but pointed to other problems in the banking industry across the continent.
The increase in bad debts poses a particular risk in India and Indonesia. India’s banking sector already has “a large number of problematic loans”, while Indonesia’s corporate sector is more dependent on dollar borrowing.
The rating agency said that this surge could result in an additional $300 billion in “credit costs” (banks’ expenses for “bad debt and doubtful debt”) this year. The report pointed out that it is difficult to balance the rising risks and the support of the central bank and the government (such as interest rate cuts and liquidity injections).
S&P Global Ratings credit analyst Gavin Gunning said: “In addition to the basic situation of bad assets and credit losses, the main risk we see is that the coronavirus will spread faster, farther, and last longer.”
Due to food security issues caused by the coronavirus pandemic, Cambodia has suspended fish exports, becoming the latest country to cut off international trade in major commodities.
According to a report by the Phnom Penh Post on Sunday evening, the country’s Prime Minister Hun Sen took this measure to “avoid food shortages for locals” and stabilize fish prices. The announcement came on the same day that Cambodia’s previously announced ban on some rice exports took effect.
Hun Sen said in a speech in the newspaper: “In order to avoid rising fish prices, fish should be kept domestically and export to the international market should be prohibited.”
“We previously announced a ban on only rice and white rice, but now we should ban fish exports because we can keep them and sell them on the market.”
Vietnam’s neighboring countries suspended rice exports last month to support their food supply, and other countries such as Algeria, Morocco, and the Philippines have also taken measures to increase grain reserves in response to trade and production bottlenecks caused by food and agriculture. Worry. virus.
With investors cheering for signs that the epidemic is stabilizing in some of the worst-hit countries, European stock markets will start to surge this week.
Futures pointed out that the FTSE 100 Index rose 3%, while Germany’s Dax Index rose 4.5%, and France’s CAC 40 rose 3.8%.
With the daily death toll in Italy, Spain and France falling, the virus has reached its peak in continental Europe. Vice President Mike Pence said that the United States is seeing “a dawn of progress” in the outbreak, and New York State reported that its new cases have fallen for the first time since the outbreak began.
European governments have begun preparations to ease the blockade across most of the continent to contain the coronavirus pandemic, which provides some hope for troubled economies.
Rolls-Royce joined a growing list of companies this morning that have abandoned their goals for this year and suspended dividends.
The CEO of the Aerospace Group, Warren East, pointed to “unprecedented times” in that when he announced the move, the company found itself. This marks the first time the company has not paid dividends since it was privatized in 1987.
As governments scramble to contain the coronavirus pandemic, Rolls-Royce has been hit hard by global air travel restrictions. The company’s civil aviation division accounts for about half of Rolls-Royce’s £15.4 billion annual revenue, and it makes a profit from engine flying hours.
On Monday, the organization stated that the flight time of wide-body aircraft such as Airbus A350 and A330 and Boeing 787 Dreamliner dropped by about 25% in the first quarter compared to the same period last year, and fell by half in March. This situation is expected to deteriorate again in the next few months.
Dubai developer Emaar has implemented pay cuts in all areas of its business, including cutting the salary of its chairman Mohammed Alabbar by 100%.
In a letter to employees, Arab stated that strict measures have been taken to deal with the damage caused by the coronavirus and to “ensure the continuity of its business”.
Emaar, Dubai’s leading real estate developer, also operates hotels and shopping malls, including the Dubai Mall.
In order to prevent the spread of Covid-19 in the United Arab Emirates in approximately 1,800 cases, Dubai imposed a 24-hour curfew on residents and shut down the city’s large tourism, trade and retail-oriented economy.
The new salary structure will take effect from April 1st until further notice. It includes a 50% pay cut for senior management, a 40% pay cut for middle management, and a 30% pay cut for junior staff. If support staff work full-time, they will not get a pay cut.
The reception staff will receive 15% of the cash salary, including free accommodation and medical expenses. Other employees who take leave will receive 60% of their full salary.
The number of confirmed coronavirus cases in India surpassed 4,000 on Monday, and the country has completed the second week of a 21-day lockdown program aimed at curbing the spread of the pathogen.
So far, India has not significantly changed the curve of coronavirus infections, and health officials said that as the country expanded its previous low-level testing, confirmed Covid-19 infections doubled every 4.1 days.
The total number of confirmed cases reached 4,066. The number of people who have recovered is 291 and 109 have died.
Last week, India’s fight against the coronavirus was also frustrated when the authorities discovered that the virus was spreading among followers of Islamic Revivalist Tablighi Jamaat. Despite the ban on holding large meetings, the sect still held a large gathering in mid-March involving thousands of Indians and hundreds of foreigners.
Authorities say that nearly 30% of coronavirus cases in India are now related to the Tabiji incident, and missionaries and followers of the movement have seeded other clusters across the entire length and breadth of India.
The disastrous defeat of the Tabiliji Jamahiriya has also led to a sharp rise in anti-Muslim sentiment in the majority of India. The ruling Bharatiya Janata Party has long portrayed India’s largest religious minority as a major threat to internal security.
German industrial orders fell slightly in February as factories began to feel pressure from the damage in Asia by the coronavirus. But when the pandemic spread in Europe and caused many manufacturers to close down, economists prepared for the plunge in March.
Weak foreign demand was the main reason for the 1.4% drop in German factory orders in February, contrary to the trend of 4.8% growth in January. Economists say the decline in orders caused by the sharp decline in Asia has been milder than expected.
ING economist Carsten Brzeski said: “Today’s data at least show that the first wave of Covid-19 has a pretty good impact on German industry.” “Because of Covid-19 through multiple channels It affects the economy, so today’s industrial order data seems to be just another wave of haze before the storm.”
Since many factories were forced to close, the outlook for German manufacturing has become bleak due to strict restrictions on unnecessary transportation activities and activities across Europe to slow the spread of the pandemic.
Last week, IHS Markit’s German Manufacturing Purchasing Managers Index fell to its lowest level in 11 years. The index accounts for one-fifth of the German economy. It dropped from 48.0 in February to 45.4 in March. Readings below 50 indicate reduced activity.
Economists say that suppliers’ extended delivery time can alleviate the phenomenon of lower PMI, which usually indicates an increase in demand, but in this case, it indicates that the supply chain is interrupted.
The British news agency chain WH Smith said this morning that it is seeking cash from investors to make it one of the first British retailers to do so.
The group said that due to the decline in stock prices in recent months, “economic activity has fallen sharply”, the group said it has received a new loan of 120 million pounds.
The new credit is conditional on raising new equity. As a result, WH Smith said that it is preparing to issue up to 13.7% of its issued share capital through a placement.
Elsewhere, this morning, piles of companies gave up guidance and raised dividends, which gained some new visibility.
Rolls Royce (see below) withdrew its guidance and chose not to pay dividends for the first time since its privatization in 1987.
Petrofac, the oilfield services group, did the same, noting the impact of the virus and low oil prices on its financial situation and new orders.
Engineering group Smiths (Smiths) also cancelled guidance and said it would not pay an interim dividend. The company said that with the exception of the medical sector, the virus has reduced demand in the entire market, while its supply chain has suffered severe damage.
Software group Sage said it expects revenue to be lower than its previous growth target and cancelled its £250 million share repurchase program.
Singapore will release another S$5.1 billion (US$3.5 billion) to help offset the economic impact of the coronavirus. This is the third bail-out package, bringing the Singapore government’s overall financial support to S$59.9 billion, which is roughly equivalent of GDP. 12%.
The country’s budget deficit for fiscal year 2020 will increase to S$44.3 billion, or 8.9% of GDP.
Deputy Prime Minister and Chancellor of the Exchequer Heng Swee Keat said: “This is an unprecedented budget during the unconventional period.” “The situation is still very volatile and uncertain. The government is ready to provide further support if necessary.”
The new measures are designed to help workers, businesses and families take measures to reduce distances, which will cause most office spaces to close from April 7 to May 4. The program includes a three-fold increase in cash to families and local workers. Salary support for all companies reached 75% in April.
After seeking the President’s approval last month to withdraw S$17 billion from the cash pool, the Singapore government will use another S$4 billion from past reserves to support the new package. The fiscal space of the current government will fund the remaining S$1.1 billion of the third plan.
Global stock markets rose on Monday as investors welcomed signs that in some of the worst-hit countries, measures to contain the coronavirus pandemic have begun to take effect.
London’s FTSE 100 index opened up 2.5%, while Frankfurt’s Dax index rose 3.9%, and Paris’s CAC 40 index rose 3.4%.
With the daily death toll in Italy, Spain and France falling, the virus has reached its peak in continental Europe. The signal that some governments will consider relaxing the blockade on most parts of the African continent has also raised hopes that economic activity will begin to resume in the medium term.
However, Jim Reid, a strategist at Deutsche Bank, still recommends caution and questioned whether Western economies can quickly get rid of restrictive measures taken to ease the flu pandemic.
“In general, the growth of new cases and deaths worldwide is slowing, but are they slowing down fast enough to be resolved when the economy can reopen?” Mr. Reid wrote in a note to clients.
When the US market opened for trading, S&P 500 futures pushed up the Wall Street benchmark by 3.6%, while Asian markets performed strongly.
The owner of Wagamama, The Restaurant Group, has cut executive salaries and increased banking facilities in response to the continued closure of the coronavirus.
The casual dining company also owns Frankie and Benny brands. The company said its CEO Andy Hornby and CFO Kirk Davis will be in In the next three months, the salary will be cut by 40% and 20%, and the bonus of £207,000 will be waived. they.
It also said that it has extended its bank debt from 20 million pounds to 35 million pounds and reached an agreement with lenders to cancel its half-year contract test.
The catering group has announced that it plans to bring its two brands-Chiquito and Food & Fuel into management after the coronavirus outbreak has caused all dining restaurants in the UK to close.
The restaurant industry has been hit by the coronavirus outbreak due to complete closure and narrow operating margins. The restaurant owned by celebrity chef Mark Hix became the latest casualty after appointing managers last weekend.
Reach, the UK’s largest regional news group, will disband one-fifth of its employees and demand salary cuts for the rest, as more and more media companies take drastic measures to maintain their livelihoods.
The organization published the “National Daily Mirror” and “Express” and “Star” tabloids on Monday. The organization said its board of directors and the “most senior” editorial and management team will cut salaries by 20%. As long as no one is allowed to fall below the British living wage of £9.30 an hour, the salaries of the remaining employees will fall by 10%.
CEO Jim Mullen said: “It is still difficult to predict the duration and long-term impact of the crisis on our industry. Therefore, we are now taking proactive measures to protect our work and the cost of Reach’s business in the long term.” The company was established in August last year.
Reach said it will propose to suspend its 2019 dividend on the grounds that it will be paid “inappropriately” to shareholders because it relies on the government’s job protection program to pay employees. The company also suspended guidance for this year.
GVC, the owner of Ladbrokes Coral, said that due to a series of cost-saving measures, the company expects to achieve a breakeven and halve the loss of revenue due to the coronavirus outbreak.
The FTSE 250 gambling company originally expected monthly earnings before interest, taxes, depreciation and amortization to reach 100 million pounds, but said Monday that it now expects to reach 50 million per month after reducing marketing and using government support programs GBP. .
The company also said that since most of the sports events have been cancelled, it will cut content and transaction costs in the sports sector, and will cut a dividend of 103 million pounds due at the end of April.
The company said it expects to reach a net income of 15 million pounds a month, which will balance the monthly cash outflow of 15 million pounds to maintain business.
After many people failed to comply with their movement restrictions, India has begun to use cell phone data to track and prosecute people who violated the family quarantine order.
Thousands of Indians suspected of being exposed to the coronavirus have been ordered to enter the home quarantine area, but many have violated the quarantine area rules, prompting the authorities to switch to using technology to implement restrictions.
In Karnataka, the authorities now require people in quarantine to upload geo-tagged selfies every hour and every day during the day to ensure they follow the rules. Authorities in the Indian capital of New Delhi are using mobile phones to track 25,000 people who are currently under home quarantine.
Last weekend, the Delhi police stated that they had initiated preliminary criminal proceedings against 176 people, and their phone locations indicated that they had walked out of the residence, including a person walking in his neighborhood.
South Korean health officials are investigating dozens of recovered coronavirus patients who tested positive for the second time.
More than 50 people in Daegu and surrounding areas (the center of the country’s Covid-19 outbreak) tested positive for the virus after they were released from the quarantine area.
Jeong Eun-kyung, director of the Korea Centers for Disease Control, said that the virus may have been reactivated rather than re-infected, but experts have been sent to Daegu for further investigation.
Earlier in the day, South Korea reported 47 new cases, the lowest level since February 20, compared with 81 on Sunday. The country has tested nearly half a million people for the virus, and the country has infected a total of 10,284 cases of infection, of which 186 have died. Despite successful containment measures and a low mortality rate, officials warned that the lower number reflects the decline in the number of people tested in recent days, and the country is still at risk of further outbreaks.
Housing Minister Robert Jenrick said that Boris Johnson is undergoing a “routine inspection”, adding: “He will be hospitalized when needed, but I heard well.”
In an interview with the BBC Today’s program, Mr. Jannick said that he hopes Mr. Johnson will return to the tenth place “soon”, but the Prime Minister will take medical advice when he returns to his hometown.
The minister insisted that Mr. Johnson was not incapacitated: “He is still in charge of the government,” he said. “He will be updated regularly during the hospital stay.”
Beijing accused the Australian media of “defeating” local Chinese companies, which purchased important personal protective equipment in Pacific countries and exported them to Wuhan at the height of the coronavirus crisis.
The Chinese Embassy in Canberra said on Monday that some media such as the Australian Herald and the Sydney Morning Herald “misled the public” and “maliciously described Chinese company procurement… as a “scandal.”
It said that the local actions of Chinese companies, including Sydney real estate development company Risland, are no different from Australian miners Fortescue, Rio Tinto and BHP Billiton, which are currently purchasing medical supplies in China in response to the Australian crisis.
As we all know, in the fight against Covid-19, China urgently needs certain medical materials. Chinese companies purchase only to help China overcome difficulties.
Australian media reported extensively on how several Chinese companies operating locally, including two state-owned companies Greenland and Poly Australia, were storing medical supplies and transporting them back to China in response to the coronavirus crisis.
Russia reported 954 new coronavirus cases on Monday, setting a new daily record, breaking hopes that Moscow will adopt new restrictive measures to curb the growth of the epidemic.
After a three-day decline in growth rate, the number of newly confirmed infections soared by 18%, bringing the country’s total to 6,343 Covid-19 cases.
The Russian government announced a “national holiday” and ordered people to stay at home in the second half of last month. This measure has been extended to the end of April.
The Russian Coronavirus Task Force said on Monday that the total number of deaths from the virus in Russia is 47.
Construction activity in the Eurozone fell at the fastest rate since the financial crisis in March. The reason was that many construction sites were closed while demand plummeted. This is the latest evidence of the economic losses caused by the blockade of the entire European continent.
The IHS Markit construction purchasing manager survey dropped from 52.5 in February to 33.5 in March, the lowest level since January 2009. A reading below 50 indicates that most companies reported deteriorating activity in the previous month.
As the measures to contain the Covid-19 epidemic hit activity and demand, the Eurozone construction industry fell into a severe decline in March.
Italy was the hardest hit. The PMI index fell from 50.5 in February to 15.9 in March, the lowest level since the survey was conducted in July 1999.
With the end of the event, Eurozone construction companies laid off their employees as quickly as possible. Across the region, the construction industry employs nearly 10 million people.
Phil Smith, chief economist at IHS Markit, said: “Any work currently underway is impacted by supply-side disruptions. The company reports that delays in the delivery of such products are rare in the history of the investigation. .”
Germany reported 3,677 new coronavirus cases on Monday, the smallest increase compared to the previous day since infections began to surge last month.
According to official data released by the Robert Koch Institute in Berlin, the number of cases increased by 4%, bringing the total number of infections detected to 95,391.
The death toll from Covid-19 has also been significantly reduced compared to the previous few days, with the death toll rising by only 7% to 1,434.
As in previous weeks, the relatively small increase in the number of new cases and deaths may reflect the late reporting by local health authorities over the weekend. But the slowdown in growth has also continued the trend of German officials for some time. Monday was the ninth consecutive day, and new cases increased by less than 10%.
According to data from Johns Hopkins University in the United States, the report separately records global cases. Germany has so far detected 100,123 infections and 1,584 Covid-19 deaths.
Due to the increasing number of coronavirus cases in Tokyo, the US military has declared a public health emergency in the Tokyo area-preventing the Japanese authorities from taking any similar actions.
The declaration allows commanders to implement public health measures for thousands of US military personnel stationed in or near the Japanese capital, including the headquarters of the Seventh Fleet in Yokosuka and large air bases in Atsugi and Yokota.
The report highlights Tokyo’s recent surge in cases, with 143 new diagnoses on Sunday, bringing the total to 4-digit numbers, as well as independent agencies of the US military operating on Japanese territory. Japan has not declared its state of emergency, but it is likely to announce it on Tuesday.
The virus based on military or civilian status is no exception, and our policies and procedures are no exception. We are together, and I need everyone on every facility and installation to take these measures seriously and abide by them.
The number of new Covid-19 diagnoses has fallen to its lowest level in six days, prompting hopes that the global coronavirus outbreak has reached or is close to its peak.
71,418 Covid-19 cases were confirmed worldwide on Sunday. The total is now less than 1.3 million. The death toll has also fallen from its most recent high, with 4,737 people killed, bringing the total number of deaths to 69,505.
The United States remains the country most affected by the case. However, the increase of 25,316 cases on Sunday was the lowest in five days and was more than 9,000 fewer than the peak on Saturday. This is the first day of two weeks when the number of confirmed cases in the country is less than the previous day.
The number of new cases in Spain, Italy, Germany and France has all fallen sharply from recent highs. The lock-in seems to be working as expected, and many European countries hope to relax the restrictions. But they remain vigilant against the second wave of infections.
Yesterday, the number of new cases in the UK increased sharply, reaching 5,903, more than 1,500 higher than the previous peak last Friday. The death toll recorded on Sunday fell slightly to 621, bringing the total to 4,934.
The country is currently following the same path as France, which suggests that new cases may reach a peak over the Easter weekend.
Yesterday, the number of recovered cases worldwide increased by 18,139, and a total of 264,604 cases were not infected with the virus.
According to local operators, three of the British celebrity chef Gordon Ramsay’s restaurants in Hong Kong have closed. They cited last year’s political crisis and the coronavirus outbreak as such.
A spokeswoman for Dining Concepts, a local organization in charge of restaurant management, said that since April 1, Maze Grill and London House in Tsim Sha Tsui and Bread Street Kitchen & Bar on the top of the mountain have not yet opened.
Dining Concepts’ other four restaurants-Olive, Nahm, Craftsteak and Soho Spice-have also been closed.
When asked whether to lay off employees, the spokesperson said that “we are still dealing with it internally.”
Since the middle of last year, anti-government protests have shaken China’s autonomous territories and emptied hotels, restaurants and shopping malls. Covid-19 has exacerbated the economic turmoil facing the city.
Former Labor Prime Minister Tony Blair described Boris Johnson’s situation as “dire” and called for senior ministers to oversee public community testing policies.
The former Labour Party leader said on BBC Radio 4′s “Today” program on Monday: “I express all sympathy and solidarity with him. I know this must be a hellish situation.”
When asked if he believed that Mr. Johnson should continue to lead the response to the coronavirus crisis, Mr. Blair said: “I will not make a second guess about this. He knows his situation and he will judge carefully. He, I, determine.”
He also called on the government to conduct large-scale community testing and appoint a minister to oversee the implementation of the strategy.
He said: “In terms of testing: Unless you can perform large-scale testing, so you have to scale-up large-scale testing. I can’t see how to get rid of this limitation.”
If I deal with this situation now, I will put a senior minister in charge of the test, and no one else will work with people who have industrial experience, business experience on how to improve industrial-scale production. Together with the technical staff, there are obviously people with scientific advice.
Mr. Blair added that he was “shocked by the economic losses that the blockade has caused us every week”.
Aid workers in Bangladesh are preparing for the coronavirus outbreak in the Rohingya refugee camp, where more than 850,000 members of the Muslim minority have sought asylum since 2017.
MSF warned that the refugee camp in Cox’s Bazar is a “time bomb” with overcrowding, insufficient resources and lack of medical care and sanitation facilities.
So far, only 88 cases of coronavirus have been detected in Bangladesh, but experts believe the actual number is much higher. The authorities have blocked the country and restricted the movement of refugees in the camps, which has attracted the attention of humanitarian organizations.
It is almost impossible to implement the measures recommended by the health authorities. One rescuer said that in overcrowded refugee camps, there are as many as 70,000 people per square kilometer living in places, and their distance from society is like “telling people to stand under the table during an impending nuclear war.”
In March, the number of new car registrations in the UK fell by nearly half, and the decline exceeded the financial crisis as the spread of the coronavirus forced showrooms across the country to close.
The industry group Automobile Manufacturers and Traders Association said that compared with March 2019, the market has shrunk by 44% and registered cars have fallen by 203,370. The total is 254,684, which is the worst month for the industry in March since the introduction of the current registration system in the late 1990s.
The decline reflects the decline in car sales throughout Europe, many of which are even more serious. Italy’s sales in March fell by 85%, France by 72%, and Spain by 69%.
SMMT lowered its new car registration outlook this year by 23% to 1.73 million vehicles. This will be lower than the 2019 figure for the entire quarter.
A closely watched survey showed that as many builders stopped working and the coronavirus pandemic hit demand, construction activity in the UK declined at the fastest rate since the financial crisis.
The IHS Markit UK Construction Industry Purchasing Managers Index fell from 52.6 last month to 39.3 in March, lower than analysts’ expectations and the lowest in more than a decade.
“Measures to contain the coronavirus Covid-19 pandemic have been implemented across the UK. Construction sites have closed and builders have lost their jobs on an alarming scale because overall activity has fallen to the lowest level since April 2009,” Duncan Brock said. Director of the Chartered Institute of Purchasing and Supply.
A reading below 50 indicates that most companies reported deteriorating activity in the previous month. The industry employs 2.4 million workers in the UK and accounts for 6% of the country’s total production. However, due to the sharp decline in civil engineering and commercial activities and the exhaustion of orders, the number of layoffs was the fastest since September 2010.
Residential activity declined at a relatively moderate rate in March, with an equivalent index of 46.6, but the company expects that as construction sites stop and measures to prevent the virus become stricter, housing construction will decline further in the next few months.
Last Friday, Richard Beresford, CEO of the National Federation of Builders, which represents small and medium contractors, called on the government to take further action to help “industry survive and recover from the coronavirus.” For example, include construction companies. Business tax exemption and exemption, and automatically extend all plan permissions for one year.
Due to the global coronavirus outbreak, passenger traffic has decreased by 75% and Heathrow Airport has “temporarily” closed its two terminals.
Britain’s largest airport announced on Monday that it will merge airline operations to Terminals 2 and 5, and move activities from Terminals 3 and 4 in the next few weeks.
From Monday, it will also move to a single runway. Officials from the Department of Public Health England have been deployed to monitor safety, social isolation and hygiene standards.
“Heathrow Airport is one of the main supply lines for transporting important medical equipment, medicines and food to the United Kingdom, as well as repatriation flights for British people stranded abroad. We have a responsibility to assist the United Kingdom by keeping Heathrow Airport open and operating. Virus, it is our duty in a safe way,” a spokesperson said.
Despite the sharp drop in passenger numbers, Heathrow’s net cargo volume increased by 409% in the last week of March. According to the airport, more than 40% of the UK’s medicines were imported through Heathrow.
Most of the remaining passenger flights are now repatriating British citizens, some of whom are trapped abroad due to the pandemic.
The Belgian authorities reported that the number of intensive care units had decreased for the first time since the pandemic began, stating that the country is “stabilizing” in the fight against the coronavirus.
According to the data on April 5 released this morning, the number of intensive care patients was 1,257, a decrease of 4 compared with the data on April 4. The number of intensive care patients requiring respiratory assistance fell by 11 to 984.
But the country’s crisis center also reported that the number of deaths caused by the virus increased by 185 to 1,632, one of the largest single increases since the crisis began.
A spokesperson for the Crisis Center warned that these figures may be affected by what they call a “weekend effect”-there is a lag in reporting the latest figures by nursing homes and public institutions.
Emmanuel André, a scientist and spokesperson for the Crisis Center, urged the public to continue to respect the country’s blockade conditions, saying: “These efforts must continue for several weeks.”
As Italy faces the most severe crisis since World War II, with more than 15,000 deaths from the coronavirus, and its economy continuing to suffer the worst recession in modern history, even pro-European elites increasingly feel that the country is affected by it. The neighbor abandoned it.
The 78-year-old Italian President Sergio Mattarella, who speaks softly in Italy, warned against safeguarding the country’s constitution and international alliances. He warned that if European institutions do not show solidarity, European The future will be threatened.
He said in a televised speech last week: “I hope everyone fully understands the severity of the threat to Europe before it is too early.”
Now, many people in Rome feel that unless the Nordic countries take bold action, they might risk Italy abandoning European projects forever.
Japanese Prime Minister Shinzo Abe announced on Monday that Japan is preparing to declare a one-month state of emergency in seven counties, including the capital Tokyo, due to the rapid increase in coronavirus cases.
The announcement will be established in Tokyo, Kanagawa, Saitama, Chiba, Chiba, Osaka, Hyogo and Fukuoka prefectures, and will not be officially announced until tomorrow. They cover the three largest cities in Japan and most of their economic activities.
However, Shinzo Abe stated that the state of emergency will stop before it is completely locked. He said: “Even if we declare Japan to enter a state of emergency, it will not be blocked because the city is overseas. All experts believe that this is unnecessary.”
Public institutions such as railways will continue to operate, supermarkets will continue to operate as usual, and we will maintain economic and social activities to the greatest extent possible.
The state of emergency will give the county magistrate the power to require the closure of enterprises such as stadiums and karaoke halls to increase social distancing, rather than imposing a blockade through fines.
Shinzo Abe claimed that the upcoming economic stimulus package will reach 10.8 billion yen (US$990 million), accounting for about 20% of GDP, but this figure will include many non-cash measures, such as loan guarantees. The government is expected to pay cash to workers who have lost their wages due to the virus.
A survey released on Monday morning showed that due to the pessimism of the economic turmoil caused by the coronavirus pandemic, even surpassing the lowest point of the 2008 financial crisis, investor sentiment in the euro zone has fallen to a record low.
Sentix’s investor survey showed that the Eurozone Economic Sentiment Index had its biggest monthly decline since record, falling 25.8 points to minus 42.9, the lowest point since the poll was first proposed in 2001.
Patrick Hussy, managing director of Sentix, said: “The coronavirus has put the global economy in trouble: without exception, all regions of the world are in severe recession.”
In a month, the assessment of the current situation in all regions of the world has never collapsed so drastically.
He said that investor sentiment toward the United States is “declining across the board,” and the “only silver lining” is the stability of sentiment in Asian markets except Japan. He added: “The economy is not expected to see a V-shaped recovery soon.”
Governments are eager to save the economy, but no stimulus measures can offset the losses caused by the large-scale containment measures taken in response to the coronavirus, which have completely stopped economic activities in certain sectors.
In response to the intensified trading conditions due to the coronavirus pandemic, Debenhams has announced its intention to appoint FRP Consultants as its manager due to the closure of the entire company.
The company said that this is the company’s third bankruptcy proceedings, it will protect the company from legal proceedings that may directly lead to the company’s liquidation, and the current management team will remain in place under the supervision of the management.
It added that it is preparing to resume trading once the government removes restrictions on flows, and reiterated that it has the support of lenders who plan to fund the government.
CEO Stefaan Vansteenkiste said: “This is an unprecedented situation and we have taken this step to protect our business, employees and other important stakeholders so that we can resume transactions from the store without government restrictions. ”
Iran stated that it will provide credit to 23 million households because the Islamic Republic is coping with declining demand and imminent unemployment amid the spread of the coronavirus.
President Hassan Rouhani said on Monday that bank loans to these families would cover 10 million rials (US$61 at an open market exchange rate). These loans cover most of the population and do not need to be repaid immediately.
He added that instead, since the government cut energy subsidies, these households will receive a “gradual” deduction of monthly subsidies within two years.
Rouhani also stated that low-income families who are already entitled to some non-refundable financial assistance will receive loans of up to 20 million riyals ($122.17) at an interest rate of 4%. The country’s inflation rate is 37%, and the loan interest rate charged by banks is as high as 30%.
Two weeks after the Persian New Year holiday, life on Saturday began to return to normal, which triggered fears of the second wave of coronavirus infections, which have claimed at least 3,603 lives.
Iranian analysts, fighting the toughest sanctions from the United States, say that the Islamic Republic cannot afford to isolate cities and force people to stay at home. The country’s death toll rose from 3,603 the day before to 3,739 on Monday.
Austria will become the first country in Europe to abolish strict quarantine measures to contain the coronavirus pandemic, and plans to open business as early as next week.
In his speech on Monday morning, Prime Minister Sebastian Kurz outlined the timetable for restarting the Austrian economy, in which a series of phased measures have been taken to normalize life in Austria while maximizing This will reduce the risk of a surge in new infections.
While ensuring the return to normal conditions, Mr. Kurz also emphasized the public’s preparedness to deal with the restrictions in the coming months. The prime minister urged Austrians to cancel any plans to celebrate Easter this week. And emphasized that only by following the rules can the restrictions be relaxed.
The government said that small shops will be allowed to open again from April 14th, and large DIY shops and garden centers will also be allowed to open. From May 1st, other businesses (including hair salons) that are considered higher risk will be allowed to open.
The government said it might allow restaurants and cafes to reopen in mid-May, but declined to disclose the exact date. Public events were not allowed until July. No date has been set for the school to reopen.
The Austrian authorities have confirmed 12,008 cases of the novel coronavirus. The health department said that the daily growth rate of new infections has dropped from 40% in mid-March to 2.8%.
Covid-19 faces the biggest challenge in terms of survival memory. It is now necessary to manage this disease and its economic impact. This is not a simple trade-off.
On the contrary, disease control is a necessary condition to restore economic vitality. But time is also limited. The government must use what they have now wisely and effectively.
Spain reported that as the spread of the virus has dropped to a new low, its daily coronavirus deaths have fallen for the fourth consecutive time.
According to government data released on Monday, 637 people died in the last 24 hours after contracting the coronavirus. In comparison, 950 people died last Thursday, the lowest level since March 24.
The nationwide confinement campaign aimed at preventing the spread of the virus has been underway for three weeks, and the number of confirmed cases has only increased by 3% from the previous day, reaching 135,032.
As the Spanish authorities begin to use the 1 million tests distributed by the government over the weekend, the number of officially recorded cases may soon increase further, thus capturing relatively mild Covid-19 cases.
However, officials said that although Prime Minister Pedro Sánchez plans to ask the Parliament to extend the country’s extraordinary “state of alert” (that is, the extraordinary legal order that supports the blockade) to this day, people are not Confidence that the peak of a round of coronavirus has now passed is growing. April 25.
At present, the cumulative death toll is 13,055, 40,437 have recovered, and 6,931 need intensive care.
Jamie Dimon, chief executive of JPMorgan Chase, warned that if the coronavirus crisis triggers the kind of sharp recession that some economists are now predicting, America’s largest bank may consider canceling its dividend.
Dimon said in his annual shareholder letter that his bank is “not immune” to the coronavirus crisis and that it has faced “billions of dollars in additional credit losses” by providing loans to businesses and individuals in need.
Under “extremely unfavorable circumstances”, the board of directors will “may consider suspending dividends” and the U.S. economy will shrink by 35% in the second quarter.
Dimon said: “This situation is very serious, and we hope it is unlikely.” He emphasized that if faced with such unfavorable factors, JPMorgan Chase will have a strong capital and liquidity ratio.
Goldman Sachs analysts said last week that the US economy could shrink by 34% in the second quarter, while analysts at Morgan Stanley said it could shrink by 38%.
Mr. Dimon returned to work last week after undergoing a life-saving heart surgery on March 5. He also used the missile to target post-crisis supervision.
“We are now seeing the impact of poor coordination, poor calibration, and poorly organized rulemaking,” he said. “After the crisis subsides (and will be eliminated), our country should thoroughly review all aspects of our preparedness and response.”
Wells Fargo (Wells Fargo) said that because the bank has been putting pressure on regulators to increase the asset limit, it is unable to refinance under the US government’s small business rescue plan.
The San Francisco-based bank said it has applied for a $10 billion loan under the $750 billion Small Business Administration program launched on Friday.
The bank said in a statement that Wells expects these applications “will fill the company’s loan capacity under the plan, as the plan will continue to operate within the limits of the existing asset ceiling.”
Wells Fargo Chief Executive Charlie Scharf added: “Although we are actively working to create balance sheet lending capacity, we are continuing to leverage our strong capital and liquidity positions to expand additional credit. limited.”
The bank also announced that it will donate all the expenses of the SBA loan to non-profit organizations that support small businesses.
The Financial Times reported on March 21 that Wells Fargo is urging the Federal Reserve to set its asset ceiling at $195 million due to a large-scale mis-sale scandal.
In this free-to-read article, novelist Arundhati Roy explains how the virus threatens India and what the country and the world should do next
Who can use the term “disappearing virus” immediately without feeling trembling? Who can look at anything-a doorknob, a cardboard box, a bag of vegetables-without imagining it being attracted by those invisible, immortal, inanimate spots, which are dotted with suckers waiting to fix themselves on us Lungs?
Who can think of a stranger’s kiss, jumping on a bus or sending a child to school without real fear? Who can think of ordinary happiness without evaluating its risks? Who among us is not a Quebec epidemiologist, virologist, statistician, or prophet? Which scientist or doctor is not secretly praying for miracles? At least not secretly, at least which priest succumbed to science?
Even as the virus spreads, no one will be excited by the singing of birds flying in the city, the peacock dancing at traffic intersections, and the silence of the sky?
On Sunday night, about a third of Britons watched the Queen’s “We Will Meet Again” coronavirus speech, second only to the top of the most popular radio show in British television history.
According to BBC entertainment reporter Lizo Mzimba (Lizo Mzimba), 24 million people watched the broadcast and more than 14 million watched the broadcast.
According to the British Film Academy, the most watched radio programs include the 1966 World Cup final between England and West Germany and Princess Diana’s funeral, both of which attracted more than 32 million viewers.
Compared with Prime Minister Boris Johnson’s coronavirus lockdown speech last month, the Queen’s speech also attracted slightly fewer audiences, with an estimated 27 million people watching it.
Downing Street confirmed that the 17.5 million coronavirus antibody tests temporarily ordered by the government have not proven reliable enough to be put into use.
The government is working with nine companies to ensure that tests are conducted to check who has contracted the disease and is therefore likely to be immune. Downing Street said it is working with them to improve its quality.
A spokesperson for Boris Johnson said: “So far, no test has been proven sufficient.” “There is no government in the world that has launched a comprehensive antibody testing program.”
The NHS has increased the promotion of individual tests to determine whether a person currently has the coronavirus, and the test passed 15,000 on Sunday.
Health Minister Matt Hancock hopes that the NHS test will reach 25,000 swab tests by the end of April, and further 75,000 tests will be conducted, including swab tests for current symptoms and blood tests for antibodies. Provided by the private sector.
At the same time, Johnson’s spokesperson told reporters that despite the fear that some Britons would ignore the government’s guidance and enjoy the spring sunshine, “there is currently no plan to ban sports.”
He added: “All indications are that the vast majority of the British public choose to stay at home. If they leave, it is only for the root cause.”
Downing Street declined to comment on Britain’s strategy to withdraw from the blockade, saying that the focus now is to maintain strict social distancing rules to “protect National Health Insurance and save lives.”
According to a new order issued by the German government on Monday, all Germans and EU citizens returning to Germany from abroad must be isolated at home for two weeks.
The new regulations will come into effect on April 10 and will apply to all people who have been abroad for a few days. Commuters, truck drivers and medical personnel will be exempted.
Germany implemented border controls in mid-March, preventing all people who entered the country without “justified reasons” from entering. The new rules apply to people who travel through Germany to reach their country.
After the Prime Minister was admitted to St Thomas’ Hospital in London with coronavirus symptoms on Sunday night, Downing Street provided an update on Boris Johnson’s health.
Although the Prime Minister’s symptoms were previously described as “mild” on the 10th, his spokesperson now says he has “persistent” symptoms, including high temperature and cough.
Johnson’s spokesperson said that Mr. Johnson “had a comfortable night and was in a good mood.” He is still under observation in the hospital, but on the 10th he did not disclose when he should go home.
Downing Street insisted that Mr. Johnson was still in charge of the government in the hospital bed. He will continue to receive his ministerial red box and official documents.
In his absence, Foreign Secretary Dominic Raab presided over the coronavirus planning meeting on Monday at 9:15 am on the 10th, which was informally called the “War Cabinet” in the government. . During the Prime Minister’s hospital stay, Mr. Raab will continue to preside over these meetings.
None of the ten declined to comment on any further details of Mr. Johnson’s health or treatment, but said that the news reporter would be updated when there were any developments.
Malaysia withdrew the approval that Heineken and Carlsberg beer were originally granted to operate in closed zones throughout the country.
Malaysian Defense Minister Ismail Sabri said on Monday that the government decided at a special cabinet meeting to revoke the lock-in authorization for the two companies. The lock-in period will last until mid-April, during which only important Institutions can be opened.
Heineken issued a statement on Sunday that the government allowed it to resume production with less than 10% of its workforce in order to maintain the supply of its products to supermarkets and convenience stores that have not yet closed. According to local media reports, before the weekend, strong opposition from some people, the Islamic Party PAS and the Malaysian Parti Pribumi Bersatu Youth Party led to a U-turn. Muslim-majority countries have 3,793 confirmed cases of coronavirus and 62 deaths.
GlaxoSmithKline is investing $250 million in Vir Biotechnology to explore possible treatments for Covid-19, including prevention of the disease.
GSK stated that the cooperation will focus on finding new and accelerating existing virus antibodies. It will use the capabilities of the two companies to develop two drug candidates identified by Vir, which are designed to target the so-called “spike protein” and may prevent the coronavirus from infecting cells.
The two companies plan to directly conduct Phase 2 clinical trials of these two potential drugs in the next three to five months, but they must obtain regulatory approval.
GSK and Vir also agreed to conduct further vaccine research on Sars-CoV2, the coronavirus that causes Covid-19.
The Hungarian government announced a stimulus plan on Monday to stimulate the country’s almost 20% of the country’s gross domestic product (GDP) package, aimed at avoiding the economic recession caused by the coronavirus pandemic.
Prime Minister Viktor Orban stated that the budget deficit will increase from 1% of gross domestic product (GDP) to 2.7%, including a total of 2 trillion HUF (US$6 billion) for Hungarian companies. Loan subsidies, additional pensions and increased infrastructure spending.
Orban said in a televised speech: “The goal is to create as many jobs as possible so as not to be destroyed by the virus.”
Last weekend, Auburn announced a special recovery fund of $2 billion, part of which will come from donations from corporate banks and retailers, as well as funds embezzled from municipalities and local mayors. Corporate and household loan repayments have been postponed until the end of the year.
Apple supplier Foxconn reported that its revenue in the first quarter fell 12% compared to the same period last year, indicating that factories caused by the coronavirus were immediately hit, and transportation of technology manufacturing was suspended.
The company said on Monday that its revenue for the first three months of 2020 will be NT$929.7 billion (US$30.7 billion). The rate of decline in March fell from 18.1% in February to 7.7% last year.
Foxconn is the world’s largest electronic contract manufacturer, with its production capacity accounting for approximately 75% of China’s. China is the largest private sector employer and largest exporter. After the outbreak in China, it had to close its factory with up to 1 million employees and closed it within a few weeks after the Lunar New Year holiday. After that, it began to gradually bring workers back to the country and strive to resume normal production before the end of the year. . month.
Last Thursday, the company started recruiting activities at its Wuhan factory. Wuhan is the origin of the epidemic and will be completely out of the quarantine only this week.
Nigeria plans to raise as much as US$6.9 billion from multilateral institutions including the World Bank and the International Monetary Fund as Africa’s largest crude oil producer tries to alleviate the impact of the coronavirus pandemic and the oil plunge.
Finance Minister Zainab Ahmed told reporters in Abuja on Monday that Africa’s largest economy is seeking US$2.5 billion from the World Bank and US$3.4 billion from the International Monetary Fund to develop Africa. The bank seeks $1 billion.
Ms. Ahmed said that the government has begun negotiations with lenders to suspend Nigeria’s debt repayment this year and next.
Due to the drop in oil prices, the country has also had to lower its 2020 budget and devalue its currency. Crude oil accounts for more than half of government revenue and more than 90% of foreign exchange.
So far, Nigeria has only recorded 232 confirmed cases of coronavirus, but testing in a country of 200 million people is very limited.
The oil export economy across Africa has been hit particularly hard by the pandemic.
So far, Africa is the region with the least impact of the pandemic, and health officials have warned that severe medical equipment shortages and weak health infrastructure will hinder their ability to respond.
The senior management of the Football Association, a member of the English Football Council, is cutting salaries by as much as 30% to help the organization deal with the estimated loss of revenue of more than £150 million due to the loss of fixtures and incidents caused by the coronavirus pandemic.
The FA said on Monday that the postponement of England’s national team games, FA Cup matches and other events at Wembley Stadium in London is expected to cause financial losses worth at least £100 million, but “it is easy to exceed £150 million, specifically It depends on the time frame for the government to take the necessary [social distancing] measures.”
As a result, the FA stated that all employees will be temporarily reduced by 7.5%, employees with an annual salary of more than £50,000 will be reduced by 15%, and the highest earners in the organization (such as England manager Gareth Southgate) will receive 30 % Salary reduction. Cut it by percent.
Chief Executive Mark Bullingham added that the agency is also exploring the use of the UK government’s vacation plan to pay some workers’ wages as a contingency plan, and we will continue to plan for safe conditions. Return the football. . ”
Analysts at JPMorgan said that stocks look cheap, but there is no time to enter the stock market due to hope that a rebound is coming, noting that Wall Street stocks “it takes an average of 18 months to reach the lowest point in past recessions.” .
After spending most of 2019 and most of the past decade bullish stocks, JP Morgan Chase’s strategists have been firmly bearish since early March.
We believe that only buying the market based on the technical oversold level, and acknowledging buying a larger market with the support of daytime policies, may miss this elephant, which is the first consumer appearance in 11 years And the labor market decline cycle.
They said that stocks do look “oversold”, but since the typical recession feedback loop may be realized, caution is still needed. This time, there is an additional Catch 22: If consumer sentiment rebounds, it may cause the infection to break out again and have a ripple effect on demand.
They recommend that investors allocate funds to defensive industries, especially pharmaceuticals and utilities, which benefit from “green transactions”, strong carbon dioxide prices and strong cash flow.
Morgan Stanley analysts’ view that the “worst moment is over” put forward yesterday is in stark contrast to the analysis of JPMorgan Chase. They believe that “the current level of the stock and credit markets should prove to be a good entry point into the stock market.”
Driven by Saudi Arabia and the International Energy Agency, an emergency meeting of G20 oil ministers will be held this week, and they are scrambling to resolve the solution to the decline in demand caused by the coronavirus pandemic.
Fatih Birol, the head of the International Energy Agency, said in an interview with the Financial Times that the meeting aimed to find a way to protect the energy market during the crisis, because thousands of Employment opportunities and the stability of the global economy are at risk. As a result of the blockade and grounded flights, global oil demand fell by more than a quarter, causing prices to plummet and overturning the global oil industry.
Birol said: “Due to the coronavirus crisis, there is a huge structural oversupply in the oil market.”
It will reach a level where it will have a major impact on the stability of the global economy and the millions of workers employed in the oil and gas industry. [The main task of the G20 is to provide and maintain the financial and economic stability of the global market so that it is fully in line with its responsibilities. "
Prior to this, U.S. President Donald Trump called on Saudi Arabia and Russia to cut oil production by at least 10 million barrels per day, warning them to withdraw from the price war, and both countries threatened to increase supply because of oil and oil last month. How to deal with the decline in demand in response to the decline in production.
The two countries cooperated through the so-called OPEC+ organization before the crisis, which was originally scheduled to meet on Thursday, but both countries insisted that other countries must also participate in production cuts and have been in dispute over how to take the best measures.
EasyJet has received 600 million pounds from the British government and withdrawn the entire $500 million from its revolving credit line as the low-cost airline seeks to increase liquidity in response to the aviation crisis.
Our current priority is to protect short-term liquidity, so we borrowed money from Covid’s corporate financing tools and withdrew revolving credit lines to increase liquidity if the fleet is grounded for a long time.
Bernstein analysts said the funds will give easyJet liquidity for up to a year, "making it one of the most advantageous airlines in Europe to withstand the current crisis."
Last week, easyJet grounded its entire fleet due to a decline in air travel demand. The airline said, "Considering the possibility of grounding, it will continue to look for more funding options."
EasyJet has also reached an agreement with BALPA, the British pilots union, to use the government's salary plan to take pilots on vacation in April and May. If the flight restarts during this time, the company plans to give the pilots a week’s notice before they go to the sky.
Global stock markets rose on Monday as investors welcomed signs that the coronavirus outbreak has begun to stabilize in some of the most affected countries.
On Wall Street, the S&P 500 index opened up 3.9%, while the Dow Jones and Nasdaq each gained more than 4%.
With the daily death toll in Italy, Spain and France falling, the virus has reached its peak in continental Europe. Some governments will consider easing the signal of the blockade imposed on most parts of the region, increasing the hope that economic activity will resume in the medium term.
President Trump said he saw “light at the end of the tunnel” on Monday, while New York State reported that the first daily decline in new cases since the beginning of the crisis on Sunday. But the governor of the state, Andrew Cuomo, warned that it is too early to determine whether the number of cases has reached its peak.
The EU Economic Commissioner stated that the EU needs to reach a consensus on the tools to restart the economy now, rather than waiting for the debate to proceed, because he urged member states to put aside their past differences in common fiscal policy.
Paolo Gentiloni (Paolo Gentiloni) is in sharp contrast to the often-mentioned Marshall Plan, which he recalled was launched a few years after the end of the Second World War.
He said the EU needs to develop a plan to restart its economy more quickly, arguing that the issue will be resolved in the next “weeks and months, not in the next few years”.
Mr. Gentiloni spoke at a live event organized by Bruegel, the Brussels think tank and the Financial Times. As the Minister of Finance prepares to meet at the decisive Eurogroup meeting on Tuesday, his intervention is at the meeting, discussing a series of tools to alleviate the economic impact of the coronavirus.
Mr. Geniloni urged member states to conduct "no regrets" discussions, which should not focus on past differences on fiscal policy issues. He warned that it would be “very dangerous” for eurozone member states to experience economic divergence due to the current crisis, and he once again called on the EU to resolve other tools to ensure equal and fair access to the bond market. .
He said: "Our mission is to rejuvenate our economy." "Here, I think it takes a lot of financial effort." This will involve Europe, not just at the national level.
Mr. Gentiloni and other commissioner Thierry Breton (Thierry Breton) jointly published a joint interview in a number of newspapers today, calling for the establishment of a dedicated fund that can issue long-term bonds and use the funds for economic recovery .
According to the University of East Anglia's systematic review of all studies on the effectiveness of restricting masks, wearing masks in public transportation, in shops and crowded places or when going out can help protect vulnerable people from Covid-19. The spread of respiratory diseases.
The researchers said that although masks have a consistent but very small protective effect, especially in public places, this strength is not enough to recommend widespread use of masks among the general population. But this really proves the reason for the disadvantaged people to wear them for a short time when they are shopping and taking the bus or train.
UEA researchers found 31 studies that analyzed whether wearing a mask can prevent people from developing symptoms similar to Covid-19. The comment was posted online on Monday.
People who wear masks (usually surgical grade) are less likely to come into contact with them accidentally in the community. Things like sneezing or coughing near you are unlikely to cause infection. The risk reduction is small, but it can be very important for particularly vulnerable people.
The US-based biotechnology company Inovio will start its potential Covid-19 vaccine trial in humans this week after obtaining regulatory approval to test the drug candidate.
This vaccine is based on synthetic DNA encoding virus antibodies and is one of the few vaccines funded by the Epidemic Preparedness Innovation Alliance. CEPI CEO Richard Hatchett said that this is "an important step in the search for a Covid-19 vaccine worldwide", but there is still a long way to go.
About 40 healthy volunteers in Pennsylvania and Kansas will first receive the vaccine to test its safety, and receive two doses four weeks apart. Expected data on their initial immune response by summer.
However, like other vaccines developed by Moderna and Johnson & Johnson, even if it succeeds, it will not be ready for the public until next year. In early trading on the New York Stock Exchange, Inovio shares rose 3.8% to $8.03.
Israel cut interest rates to almost zero and predicts that the country’s economy will shrink by 5.3% in 2020, as the full impact of the country’s coronavirus shutdown is spreading.
The Bank of Israel said that the benchmark interest rate is currently 0.1%, which is the first rate cut since 2015, as it has begun accepting plans for repurchase transactions backed by corporate bonds as collateral. The bank did not initiate plans to purchase corporate bonds as many economists had expected.
The bank said in a research report that by 2021, the economy will grow by 8.7%, which shows that it hopes to rebound, because Israel has closed all businesses except basic businesses, so it can help reverse the sharp decline in employment.
Although Prime Minister Benjamin Netanyahu (Benjamin Netanyahu) has promised a $22 billion stimulus plan, the unemployment rate has soared to 25%, and after the demands of trade groups have almost doubled, the content of the discussion remains In discussion.
Israel now has 8,600 confirmed coronavirus cases and 50 deaths. Government officials hope that the Passover ban starting on Wednesday will break the chain of infection and allow Israel to open up certain economic sectors within two weeks.
It depends on the ability to control the outbreak in the ultra-orthodox community, where a medical official estimates there are thousands of undetected infections. The army has been deployed to Bnei Brak, an ultra-orthodox town, to isolate it from the rest of the country while caring for the sick.
A memo leaked to senior hospital doctors showed that major hospitals in London lacked intensive care unit equipment, including pumps and hemodialysis machines.
This shortage occurred during a conference call with about 80 senior NHS doctors, which went beyond concerns about shortages of ventilators and protective equipment. This conference call highlighted the increasing pressure from the influx of coronavirus patients into the capital hospital, which is by far the worst-hit area in the UK.
The 1,000-word memo seen by the British "Financial Times" was written by Professor Daniel Martin, the head of intensive care for severe infectious diseases at the Royal Free Hospital. It depicts a picture of doctors and nurses who are still scrambling to develop treatments against the virus due to shortages.
The 2020 Open has been cancelled by its organizers for R&A, marking the first cancellation of a golf tournament since World War II.
The main tournament, which has been held since 1860, is scheduled to be held in Kent from July 12th to 19th.
There is speculation that, due to the coronavirus pandemic, R&A may intend to reschedule this year's events instead of giving up completely.
However, R&A CEO Martin Slumbers said in a statement on Monday: "I can assure everyone that we have explored all the options for participating in this year's Open, but this is impossible. "
The Mayor of London said that because the British government had reviewed the protective equipment provided to frontline workers, ten London workers had died due to the coronavirus during transportation.
In an interview with Sky News on Monday, Sadiq Khan said that eight bus workers, a London Underground worker and a London Transport Network worker had been exposed to the virus in the “last few days”. He died after being positive.
He said: "This actually reminds us that (some) brave frontline workers are transport workers. We have 25,000 bus drivers, more than 25,000 people who work for Transport for London, and they do their best to maintain public transport. Normal operation. For those important key workers who need public transportation from home to work and back home."
Mr. Khan said that the mayor’s office has been lobbying the government to provide more personal protective equipment and tests for transport personnel on the London network.
He said: “As long as the government provides limited facilities, we can do our best.” Measures include the use of anti-viral disinfectants to clean key contact points, plexiglass screens in employee workplaces, and distance from society.
On Monday, Aslef, the train drivers’ union, wrote to the London Underground’s line operations director, asking for better safety measures for Tube Tube drivers, including special gondola and enhanced personal protective equipment.
Kenyan President Uhuru Kenyatta has ordered the country’s capital, Nairobi, to “stop operation” for 21 days. This is the latest measure to combat the spread of the coronavirus.
The Kenyan capital, Nairobi, will take effect at 7 o’clock this evening. This is a choice for the Nairobi metropolis. “This is the choice we are asked to make as the government and the people... There is no doubt that we are in war and we must win,” Said.
It is forbidden to enter and leave Nairobi city and county. Except during the national curfew between 7pm and 5am, people can still move around in the capital.
Of all Covid-19 cases reported in Kenya, the Nairobi region accounts for 82%. In contrast, the population movement rate of coastal towns such as Mombasa, Kilifi and Kwale will also be restricted, and starting this Wednesday, the movement of people in the area will also be restricted.
So far, Kenya has tested 4277 people and recorded 158 positive cases of the virus, with 4 recovering and 6 deaths.
A memo leaked to senior hospital doctors showed that major hospitals in London lacked intensive care unit equipment, including pumps and hemodialysis machines.
This shortage occurred during a conference call with approximately 80 senior NHS doctors, which goes beyond concerns about the lack of ventilators and protective equipment. The conference call highlighted the increasing pressure from the influx of coronavirus patients into the capital hospital, which is by far the worst-hit area in the UK.
Austrian economist Joseph Schumpeter believes that creative destruction is "a basic fact about capitalism." The capitalist machine constantly creates new products, new markets, new modes of transportation and organization to wipe out the old.
Sometimes, as described by Northwestern University historian Joel Mokyr in his book on the Industrial Revolution, a similar convulsive process is sometimes applied to institutions and ideas.
Today, are we in the midst of a global pandemic, when technological revolutions and living environments threaten to release new creative waves of destruction of old institutions and thoughts?
The Daily Mail is the latest newspaper in the UK to cut take-home pay for employees as the wider media industry is struggling to cope with the decline in circulation and advertising revenue caused by the coronavirus outbreak.
"Daily Mail" executive chairman Lord Rothermere said in a note to staff on Monday afternoon that all employees with an annual salary of more than £40,000 are required to reduce their salaries by 1% to 26%.
But unlike other media, the Post has also launched a compensation plan in which employees who accept salary cuts will receive the same salary cuts as the newspaper’s parent company stock each month.
The company said the implementation of the new plan also means that there will be no layoffs or layoffs-this is a measure taken by British competitors in recent days.
Lord Rothermere said that employees will be able to sell shares before the end of this year. However, if these stocks lose money, the company said it will compensate employees so that they have no money.
The salary reduction will apply to all Daily Mail and General Trust, including Sunday Mail, online Mail and Metro.
In a two-page statement, Lord Rothermere attributed the decline in advertising revenue and newspaper circulation to the need for measures.
"As the world falls into recession, we have seen and must expect a significant drop in advertising revenue; and current restrictions have also led to a severe decline in circulation."
After some EU member states reported imminent or actual shortages, Brussels called on the pharmaceutical industry in Europe to urgently increase the supply of intensive care medicines for Covid-19 patients.
EU Health Commissioner Stella Kyriakides (Stella Kyriakides) said in a letter to major pharmaceutical companies seen by the Financial Times that several states affected by the pandemic said they only have one week Certain key drug inventories.
Ms. Kyriakides said in a letter dated April 3: “Therefore, as an extremely urgent matter, we call on the EU pharmaceutical industry to increase the production of drugs for the treatment of severe Covid-19 patients.”
The European Medicines Agency of the European Union said on Monday that the supply of medicines was a “critical issue” because some countries said they were beginning to experience shortages or expected shortages soon.
These include drugs such as certain anesthetics, antibiotics and muscle relaxants. As the outbreak spreads in Europe, the number of admissions to the intensive care unit has skyrocketed, and inventories of these drugs are decreasing.
The African continent faces further difficulties as some key medicines are imported from India and China, and this supply route has become more difficult due to the grounding of many commercial aircraft and their cargo capacity.
Slovak officials said on Monday that the Central European country had recorded its first two deaths from the coronavirus, making it one of the last EU countries to report deaths.
According to local media reports, Health Minister Marek Krajci (Marek Krajci) confirmed the death because the total number of infections in the country's 5.4 million population has exceeded 500.
Slovakia has taken many positive steps to combat the virus, including ordering citizens to wear masks in public places, closing unnecessary shops, and banning parties and international travel.
The chairman of the City Council’s Health Committee warned that New York will soon have to start burying the coronavirus that died of the dead in temporary graves in the park.
In a series of tweets, Mark Levine said that even with the addition of 80 refrigerated trucks, the city’s morgue is almost full, and the cemetery has largely stopped accepting bodies. The city agreement for mass casualties requires temporary detention of the body and may require the use of parks.
Mr. Levine said that this process will be handled with dignity, but he hopes that New Yorkers will be shocked under any circumstances. He still wrote: "We need to face the terrible reality, and we need more resources to manage the dead."
Portugal reported on Monday that since the outbreak, the daily increase in confirmed coronavirus cases has been the lowest. The trend has continued for several days, and the spread of the virus seems to be slowing down.
Health Director-General Graça Freitas (Graça Freitas) stated that the number of confirmed cases has increased by 452 in the past 24 hours, or 4%, bringing the total to 11,730. During the same period, the number of deaths related to Covid-19 increased by 16, or 5.4%, to a total of 311.
Except for one day, the number of people who tested positive for the virus has been decreasing every day since March 31. Portugal reported its first confirmed case on March 2.
Ms. Freitas said that 1,099 people with the virus are receiving treatment in the hospital, and nearly 25% of them are in intensive care. She said that so far, 140 people have recovered from the disease.
The Minister of Health, António Sales (AntónioSales) stated that Portugal has conducted about 110,000 tests for the virus since March 1, and currently about 11,000 tests per day are available.
The European Commission, the executive body of the European Union, is considering a proposal to allow member states to inject capital to help companies in response to the economic impact of the coronavirus.
People with direct knowledge of the plan said that the new proposal calls on member states to "provide "further support for equity or mixed capital instruments" to groups directly affected by the coronavirus.
The type of funding will depend on the "most suitable" conditions of each company and include safeguards for financial support, such as good governance when the company handles assistance.
The proposal is still being drafted and may be announced this week, but as the discussion continues, time may decrease.
State aid rules restrict the way member states can inject capital into companies. Shearman and Sterling London partner James Webber said: "Their investment is either strictly in accordance with market conditions or as assistance under strict conditions, including requiring the company to reduce its scale and restructure its business."
Weber added that allowing the state to inject capital into the company in exchange for equity is a "natural next step." This is so far, state guarantees for new bank loans have been the main content of the EU's support plan.
The plan reflects the state's recapitalization of banks during the last financial crisis ten years ago.
Last month, the European Central Bank intervened in the government debt market to reverse the sudden surge in borrowing costs. Italian bonds accounted for more than one-third of the sovereign debt purchased by the European Central Bank.
The European Central Bank purchased nearly 12 billion euros of Italian public sector debt in March, accounting for an unusually high proportion of its total purchases of sovereign debt. It also bought similar amounts of French and Spanish bonds.
The purchase details announced on Monday showed that the central bank is using its recently expanded firepower to alleviate investor concerns about the turmoil caused by the coronavirus crisis.
Frederik Ducrozet, a strategist at Pictet Wealth Management, said that the European Central Bank is expected to purchase 1.1 billion euros in assets this year. By the end of December, its balance sheet has increased by a third to 630 million euros.
Christine Lagarde, President of the European Central Bank, misjudged that it was not the central bank’s job to "close the bond market spreads" due to fear of the pandemic. The borrowing costs of several member states in the euro zone last month Soaring.
After commenting, the spread between Italian and German bonds, regarded as a key measure of euro zone country risk, reached its highest level since June. Later she echoed the comments and apologized to the members of the European Central Bank's governing board.
Last month, the European Central Bank purchased a total of 51 billion euros of assets, of which the European Central Bank purchased 34 billion euros of sovereign bonds. This includes the start of the 120 billion euro "extra" asset purchase "envelope" announced on March 12 as part of the initial response to the coronavirus crisis.
But these figures do not include a separate 750 billion euro asset purchase plan launched a week later in response to the euro zone bond market sell-off.
The European Central Bank said on Monday that it had also purchased 30.1 billion euros of assets from the 750 billion euros plan in July, calling it the "Pandemic Emergency Procurement Plan," which started on March 26 and ended last weekend in seven tasks. Within days.
Thousands of retail workers in the United States have taken unpaid temporary leave, and in the early signs that the crisis continues to affect the economy, some will permanently lose their jobs.
Capri Holdings, the luxury goods group behind Versace, Jimmy Choo and Michael Kors, said it will leave 7,000 retail store employees in North America starting this weekend. The New York-listed company also stated that it expects to "reset its business after Covid-19, thereby reducing the number of employees" and reducing the number of employees in the company to "save more salaries."
The high-end furniture company RH is laying off 2,300 workers and permanently laying off 440 employees. Carter's, a children's clothing group with 1,100 outlets, said all its store employees will be disbanded.
All three companies said they are also taking other measures to strengthen their financial position, including cutting executive salaries and reducing capital expenditures.
Workers in the retail industry have been hit hardest by the coronavirus shutdown. Several other chains, including Macy’s, Cole and Gap, took thousands of employees on vacation last week.
The Ministry of Health said that by 5pm on Sunday, the number of people dying from the coronavirus in the UK had reached 5,373.
As of 9 am on Monday, 51,608 people have tested positive for the virus. Considering the relatively limited testing capacity of the UK, this figure may greatly underestimate the actual spread of the virus.
There are also signs that Italy’s coronavirus infection curve flattened out on Monday, as the total number of active confirmed cases in the country increased by only 2.1% in 24 hours.
Official statistics released on Monday showed that the number of Italian patients receiving intensive care fell for the third consecutive day, dropping by 79 to 3,898.
For the first time since the crisis began on Saturday, the use of intensive care beds has decreased every day, which provides a respite for the Italian health system, especially in the northern regions where the epidemic is most severe.
The total number of cases increased by 2.8%, or 132,599 people, an increase of 3,599 people. The total number of active cases increased by 9411, or 2.1%, to 93,187.
The total number of recovered patients increased by 1,022 to 22,837. Active cases increased by 2.1%, while Saturday increased by 3.4% every day and Sunday by 3.5% every day.
Within 24 hours, another 636 people died of Covid-19, and the total number of deaths in the country is currently 16,523. The death toll on Monday was higher than the 525 announced on Sunday.
The death toll from the coronavirus in New York was virtually flat the next day, which made people hope that the worst-hit US states had reached the plateau of the pandemic.
The state recorded 599 deaths in the past 24 hours, only a slight increase from 594 the day before. Both are lower than Saturday's 630.
Governor Andrew Cuomo said that the state may now reach its peak earlier than some people have predicted, but it is not clear whether the peak is short, steep or flat.
Mr. Cuomo said he wanted to double the social evacuation rules and increase the maximum fine for violations to $1,000. He also stated that he will ask President Donald Trump to approve the use of the comfort hospital ship to treat the coronavirus. According to an agreement with the Navy, the ship arrived in New York to only provide support to non-coronavirus patients. But Mr. Cuomo said this is no longer the best use, especially because the actual closure of the state has led to a reduction in accidents and other hospital emergencies.
Earlier in the day, the chairman of the city council’s health committee warned that because the mortuary was full, New York City might soon be forced to bury the dead in a temporary grave in the park.
French Minister of Finance Bruno Le Maire (Bruno Le Maire) said on Monday that France's proposed joint European Union fund launched the economic recovery after the coronavirus, which may raise hundreds of billions of euros, equivalent to 3% of GDP.
Mr. Le Maire and his Italian and Spanish allies will push for the establishment of a joint fund on Tuesday’s Eurozone finance ministers’ conference call, but this has met with resistance from Germany, the Netherlands and the Nordic countries, and the country expressed its interest in mutual debt assistance. Worry.
These so-called thrifty countries said that other sources of funding, especially the European Stability Mechanism, should now be sufficient to meet the needs of economies that have been hit hard by the Covid-19 pandemic. However, Italy is unwilling to accept ESM funding, unless the political minister at least agrees to the outline of the joint fund, otherwise it will be politically embarrassing.
Mr. Le Maire said: "We must use the greatest means to deal with the greatest challenges." "We must immediately show tomorrow that we have understood the severity of the crisis."
He tried to pay for the opponents’ concerns by suggesting that the fund only pay for three to five years in order to invest in specific areas: healthcare, crisis-affected industrial sectors and new technologies. This is to ensure that Europe does not take final action. The last one if China and the United States recover faster, they will fall behind in the technology race.
He said that the mutual debts will be repaid in 15-20 years, not to fund past expenditures, but to new investments in the future, so that those governments worry that this will fund current expenditures.
Professor Chris Whitty, England’s chief medical officer, warned that it is too early to speculate on the next phase of the government’s response to the coronavirus pandemic.
At the daily Downing Street press conference, he said: "The key is to reach the point where we are confident to reach the peak. We have exceeded the peak now. At that time, I think it is possible to take the discussion seriously and gradually enter the next step in managing this issue. Everything that needs to be done."
"But I think we need to start the discussion until we are convinced that that is what we must achieve, and I think this is a mistake."
When questioning the government’s “exit strategy,” Foreign Secretary Dominic Raab added: “This is the government’s current top priority. It can be learned from Angela (McLean) and Chris. The evidence obtained considers other decisions. When appropriate."
The de facto Deputy Prime Minister, Mr. Raab, is presiding over important meetings, including the coronavirus plan on Monday morning on the 10th, which is informally called the "War Cabinet" in the government. While Boris Johnson is in hospital, he will continue to preside over these meetings.
He said that the prime minister was the "person in charge," but revealed at a press conference that he spoke to Johnson last Saturday.
Mr. Raab added: “He spent a comfortable night in St. Thomas (hospital), refreshed and updated regularly.”
Mrs. Angela, deputy chief scientific adviser, said the number of hospital admissions appears to be declining. However, she warned: "It is too early to see the impact of the huge changes we make in our lives."
Mr. Whitty echoed her hesitation, adding that it was too early when the lockdown measures could be relaxed.
WHSmith said that due to the closure of all shops at the airport and railway station, sales in April are expected to fall by 90% compared to last year, and operating profit will be reduced by 39 million pounds.
The retailer’s travel department accounts for more than 60% of the group’s profits, and it recently made a second acquisition in the United States, further expanding its profits.
The British retailer expects revenue to fall by 80-85% in the remaining fiscal year ending in August. The potential pre-tax profit in the first half of the year may be reduced by approximately 225 million pounds.
Prior to the above comments, the group’s allotment is equivalent to 13.7% of the group’s existing share capital, which is approximately £172 million based on the current share price and is expected to be carried out on April 9.
On Monday, the U.S. stock market soared because people hope that the spread of the coronavirus will slow down in many hot spots around the world.
The S&P 500 index rose 5.5% in afternoon trading, making the benchmark index expected to hit its biggest one-day gain since March 26, and the fifth biggest gain this year.
Energy stocks rose, but among the underperforming sectors, oil prices took a breather from the recent strong rise. Last weekend, because of the hope that Saudi Arabia and Russia could reach a supply agreement, Brent crude oil prices hit a historic one-day increase. Doubts about the agreement emerged early on Monday, which at one point pushed oil prices down by about 12%, even though they have fallen back 4.1% in recent transactions to $32.77 per barrel.
Government bonds are weak and yields are rising. The benchmark 10-year U.S. Treasury bond yield rose by 7.5 basis points to 0.664%.
Since Wall Street will be closed on Good Friday public holidays, investors are scheduled to trade within a week.
After the slowdown in the growth of new infections in recent days, the Czech Republic will become one of the first EU countries to relax certain measures it has taken in response to the coronavirus pandemic.
This central European country has taken active steps to curb the spread of the virus, sealing off borders, ordering its citizens to wear masks in public places, closing schools and non-essential shops, and prohibiting people from gathering together. It has taken positive steps.
These measures seem to help prevent the country from taking similar paths as Southern and Western Europe, where infections are spreading rapidly, threatening to overwhelm the health system. As of Monday, the Czech Republic has recorded 4591 cases, which is only a 3% increase from the previous day. 78 people died.
Czech officials said on Monday that in view of improved conditions, shops selling building materials will be able to reopen from Thursday, and from the same day they will lift restrictions on outdoor sports such as running and cycling. After Easter, other stores may also be allowed to reopen.
The London police said that due to the coronavirus pandemic, the first of more than 300 former metropolitan police officers to respond to calls to return to the service started a retraining course on Monday.
So far, one of the 339 retirees has started from the Metropolitan Hunton Training Center, and they have responded to the commissioner’s call from Cressida Dick on March 27.
Dame Cressida called on all officers who have retired in the past five years (whether they are police officers or sergeants, the two lowest-ranking officers) to rejoin the army. She appealed to retired officials who were promoted to inspector or higher rank to return as special or voluntary police officers.
The police said that in addition to those who returned to paid positions, another 30 people responded to the call to return to society as special police officers.
Dame Cressida said she was not surprised by the number of former colleagues who wanted to return to China, but she was "very grateful" to them.
She said: "Among all police officers, the desire to serve the public and support your team is deeply rooted. They understand the challenges faced by colleagues in the current environment better than anyone."
France recorded the highest number of deaths in a coronavirus hospital in one day, with 605 deaths within 24 hours, although after three weeks of population confinement, the growth of the number of new Covid-19 patients requiring intensive care continued to slow, the government Say.
Since the pandemic reached France, the current death toll is 8,911, of which 6,494 have died in hospitals and another 2,417 have died in elderly homes.
The number of people requiring intensive care has increased by 94 to 7,072. Before the crisis broke out, France had only 5,000 intensive care beds, but it is steadily increasing and hopes to reach more than 14,000 in a few weeks. The hardest hit areas are the Paris area and the eastern part of the country.
Health Minister Olivier Véran announced a "large-scale operation" to test the staff and residents of 7,000 elderly houses in France. Dozens of them have suffered multiple infections and deaths.
Like other countries plagued by pandemics, France lacks testing capabilities and protective equipment such as face masks.
After being pressured by the club’s supporters and forced to apologize, Premier League leader Liverpool has revoked a decision to use the British government’s vacation plan for non-present.
Chief Executive Peter Moore said that the club used taxpayer funds to raise the wages of workers before agreeing to a pay cut with high-paying football players. This move came to a “wrong conclusion”.
Liverpool fans, such as the influential Shankly supporters' team spirit, are highly critical of the club's decision.
The Premier League has required players to accept up to 30% layoffs due to economic losses caused by postponed matches. The professional football association and the players union rejected these demands and demanded full payment of wages after the suspension.
Ireland reported that there were 16 more deaths from the coronavirus, to 174 deaths. On the same day, the government stated that the number of people seeking special benefits after losing their jobs in the crisis soared to 507,000.
The number of people requesting urgent Covid-19 emergency payments increased by 224,000 within a week due to the closure of most economies in order to contain the pandemic.
Regina Doherty, the Minister of Social Protection, said that the scale of demand supported by the government “proves the once-in-a-century emergency situation facing the country.”
The Covid-19 payment launched in mid-March is in addition to regular welfare assistance for another 207,000 people, which means that 700,000 people now receive income support from the government.
Approximately 39,000 companies have registered for a separate wage subsidy program, in which the government pays up to 70% of the wages of companies affected by the pandemic. Ms. Doherty said: "This is a temporary medical emergency. The government has determined that this will not be a permanent economic emergency."
On Monday night, health officials stated that they had discovered another 370 Covid-19 infections, bringing the total number in the Republic of Ireland to 5,364.
Tony Evers, Governor of the Democratic State of Wisconsin, issued an executive order to postpone the state’s elections on Tuesday, including the Democratic presidential primary, to June 9.
Due to public health issues related to the coronavirus pandemic, more than a dozen states have postponed the original elections to May or June. But Wisconsin was originally scheduled to hold a general election on Tuesday, although Democrats including Joe Biden and Bernie Sanders have repeatedly filed lawsuits and demands to postpone the vote.
Mr. Evers told the Milwaukee Daily, a newspaper in Wisconsin that he was issuing an executive order less than 24 hours before the poll was launched.
The governor told the newspaper: "The most important thing is the people of Wisconsin. They don't care about the battle between Democrats and Republicans. They are afraid." "I stand for them, I stand for those who are afraid. stand up."
Many Democratic lawmakers in Washington called for the expansion of mail-in voting rights in the primary and November elections because of concerns that the "stay at home" order and other restrictions on public gatherings will continue for months. But Donald Trump said at a press conference on Friday that he opposed the use of mail voting in November, saying that "many people cheated by mail voting."
The Federal Reserve said on Monday that it will launch its new facility on April 14 to support the 1.1-ton commercial paper market.
The plan was first announced on March 17 and is now open for registration. It is one of many plans launched by the US Central Bank to prevent the economic impact of the coronavirus outbreak. In recent weeks, the commercial paper market, which companies use to raise short-term cash, has been under great pressure, causing financing costs to soar.
The structure of the facility is a special purpose tool, with the support of the Ministry of Finance, the New York branch of the central bank will provide loans. The vehicle will then purchase highly rated three-month U.S. dollar-denominated commercial paper through the Fed’s main dealer.
The Fed said in a statement on Monday: “This mechanism should encourage investors to participate in the commercial paper market for term loans again. By ensuring the smooth operation of the market, especially during periods of austerity, the Fed will provide support for households and businesses in the entire economy. And work credit."
On Friday, the Federal Reserve announced that Pimco, one of the world’s largest bond management companies, will serve as the agency’s investment manager. State Street Bank will serve as the custodian and accounting administrator.
The Fed said that eligible issuers seeking to use the tool on April 14 must register by Thursday. After that, they will need to register at least two working days before.
JPMorgan Chase has suspended its online portal for the US government's small business loan program, while Citigroup has not yet begun accepting applications, which prevents companies from using the $350 billion program launched on Friday.
Chase warned last week that it may not be ready to launch on Friday morning, but it started accepting applications on Friday afternoon. The bank's website stated that early on Monday afternoon, it would "make necessary updates" to improve the app experience.
A Chase Bank spokesperson said they had taken the application site offline in the morning and hoped to run it again "soon". She added that the updated version will “provide customers with faster and more convenient service” and does not require Chase to call it back because it must follow its original process.
A spokesperson confirmed that Citigroup has not yet accepted any applications and hopes to establish a portal "soon".
Banks that provide loans include Bank of America and Wells Fargo. Bank of America has received 178 applications. As of Monday morning, the total amount was nearly 33 billion U.S. dollars, while Wells Fargo’s applications exceeded 10 billion U.S. dollars.
Regional banking giant PNC said it has had “tens of thousands” of applications since it went live on Friday night.
Truist, which was formed by the merger of BB&T and SunTrust last year, said it accepted applications during the Friday and weekend "craze," but did not disclose the number of applications.
SBA loans are designed to help companies maintain employee salaries during the coronavirus crisis. The company can withdraw up to 10 million U.S. dollars, which is 2.5 times the monthly salary cost, and if these loans are used for salary and other eligible expenses, the loans can be forgiven.
Turkish President Recep Tayyip Erdogan announced that the country has confirmed more than 30,000 coronavirus cases and will establish two special coronavirus hospitals in Istanbul.
Mr. Erdogan said, "There is no problem with testing and treatment in our hospital," but he announced that in the next 45 days, two 1,000-bed facilities will be built in Turkey's largest city. One will be on either side of the Bosphorus channel that traverses the city.
Turkey seems to be better at avoiding the outbreak than other countries, and no cases have been reported until March 11. However, since then, this number has grown rapidly, reaching 30,217 on Monday night, making it the ninth largest tally in the world. Approximately 649 people in Turkey have died of the disease.
Denmark became the first European country to announce that its kindergartens and elementary schools would reopen because Scandinavian countries have been working hard to return to normal.
Denmark’s center-left prime minister, Mette Frederiksen, said on Monday evening that children and adults in schools should be as outdoors as possible, but when students are indoors, the distance between them should be kept greater.
"We are showing the first cautious phase of Denmark's reopening. It assumes that we have a sense of responsibility and the number of [patients] is stable, not only this week, but also for a long time. If we are during Easter Seeing that this situation is increasing, we will not reopen.” She said at a press conference.
Her comment was made on the same day that Austria stated that the store will reopen next week. Throughout the outbreak, most shops in the Nordic countries remained open, while schools and restaurants in Denmark, Norway and Finland (except Sweden) were closed, and people were free to leave their homes at will.
Norway is prepared to say on Wednesday whether and how to restart schools or other institutions. However, many of the largest cities, such as Oslo and Trondheim, believe that schools will not be able to reopen after Easter and it will take time to prepare.
Ms. Fredriksen said that Denmark will reopen kindergartens, nurseries and grades 1 to 5 from next Wednesday.
The next stage of the reopening will be to check the currently closed restaurants and hairdressers. Ms. Frederickson said that the ban on large public gatherings will last until August.
She added that other restrictions-until the closure of secondary schools, libraries and churches, and the ban on gatherings of 10 or more people, will remain until at least May 10.
The Federal Reserve said it will establish a new program to purchase loans provided by banks under the new government program to support small businesses hit by the coronavirus pandemic.
The U.S. Central Bank said in a statement on Wednesday afternoon that it is building a “facility to provide regular financing,” backed by loans provided through the Payroll Inspection Protection Program (PPP), which is a $350 billion program. The fund is designed to help small businesses, which is an important part of the bank. The US Congress passed a $200 billion fiscal stimulus package this month. The Fed said it will announce more details this week.
The Fed’s move may help increase the participation of the largest U.S. bank in the small business loan program, which lags behind smaller community banks in expanding lending.
Since the program was launched on Friday, Larry Kudlow, director of the White House National Economic Council, said that the program has issued 130,000 loans and pledged loans of $38 billion. However, due to the sharp decline in the income of many small businesses across the country, the demand for government assistance has greatly increased, and some borrowers have been struggling to obtain funds.
According to the Greek health department, the number of confirmed coronavirus cases reported in Greece since March 12 is the lowest increase since Monday after the number of new cases almost flat in three days.
The number of confirmed cases increased by 20, or 1.1%, from the previous 24 hours to 1,755, while the previous three days showed an increase of 62, 60 and 69 cases. On Monday, six more people died of Covid-19. The death toll increased by 8.1%, bringing the total number of deaths to 79.
Ministry of Health spokesperson and senior epidemiologist Sotirios Tsiodras said: “We are talking about flattening the curve for the first time. The increase in cases has slowed down, but we need to see a decreasing trend before we can say [lock-in measures are working.”
Saudi Arabia announced an all-day curfew in the capital Riyadh and eight other cities in the country as the authorities tried to stop the spread of the coronavirus.
The Ministry of the Interior said in a statement on Monday that only basic workers are exempt from these restrictions, and residents can only enter nearby grocery stores and medical services from 6 am to 3 pm.
Cars are not allowed to carry more than two people at any time, and most commercial activities are prohibited until further notice. The country has stopped international and domestic travel and ordered the closure of most public places.
The Ministry of Health stated a day ago that the authorities were not satisfied with the public's insistence on the "stay at home" order. This is the latest measure.
"Unfortunately, travel, shopping and outdoor activities still account for more than 40%; a government spokesperson said at a television news conference on Sunday that this is a very alarming percentage.
"We are on this boat together; those who risk their lives because there is no urgent need are also risking their lives."
After the British Prime Minister’s condition worsened on Monday afternoon, Boris Johnson was transferred to intensive care. He was diagnosed with coronavirus two weeks ago and has been suffering from "persistent" symptoms.
Downing Street said in a statement on Monday night that his condition "worsened" because he was admitted to St Thomas' Hospital in London on Sunday with a high temperature and a persistent cough.
The No. 10 spokesperson said: “During the course of this afternoon, the prime minister’s condition deteriorated. On the advice of his medical team, he has been transferred to the intensive care unit of the hospital.”
The Foreign Secretary and the de facto Deputy Prime Minister Dominic Raab (Dominic Raab) has been appointed to represent Mr. Johnson "when necessary."
Mr. Johnson remains conscious "at this time", but if ventilation is needed to help him recover from the virus, he will be transferred to the intensive care unit at around 7pm.
The new leader of the opposition Labour Party, Keir Starmer, said: “In this extremely difficult period, the prime minister and his family have all the thoughts of the country.”
The pound weakened shortly after the Downing Street announcement, falling more than a cent to $1.222.
23andme, a direct-to-consumer genetic testing company, is conducting a study to check whether genes affect the severity of coronavirus patients.
The company plans to recruit thousands of studies with or without Covid-19 symptoms and monitor their status through regular online surveys. 23andme's platform has recruited millions of people as research participants, which allows the company to access the genome portion of its sequencing.
Scientists hope to find genetic variants that are more common in patients and those with the most severe symptoms. 23andme research vice president Joyce Tung said that they hope to use their own platform to understand human response to the virus.
She said: "Ultimately, we hope to publish our research results to help provide the scientific community with more insights about Covid-19."
Italian Prime Minister Giuseppe Conte stated that it is unacceptable to use European relief funds to provide financial assistance to countries suffering from the Covid-19 crisis, and the joint issuance of euro zone debt is the only "appropriate response."
Speaking at a press conference before the unification meeting where European finance ministers discussed press releases on Tuesday, Mr. Conte said that the use of the European Stability Mechanism (ESM) is "absolutely insufficient."
He said: "ESM, Eurobonds are definitely," he was referring to debt instruments jointly issued by member states of the euro zone, a proposal that met resistance in Northern Europe.
"Eurobonds are the solution, a serious, effective, and appropriate response to emergencies... The truth is that you don't need to do anything to defend your country."
ESM has caused great controversy in Italy because Conte’s political opponents believe that if Italy accepts funds from the fund, Italy will lose its sovereignty because it may impose conditions.
The automaker closed its North American factories after reaching an agreement with the United Auto Workers, including Ford and General Motors, whose members are concerned about the spread of the coronavirus.
Neither Ford nor General Motors revealed when to reopen the factory. Under the review of the union, Ford canceled its initial plan to reopen from Mexico, which is scheduled to begin in the first few weeks of April. Fiat Chrysler did not disclose when to resume production in Mexico.
Fiat Chrysler said it is using the shutdown to redesign workstations six feet apart and expand the company's cleaning program.
Kristin Dziczek, vice president of industry, labor and economics at the Automotive Research Center, said that restarting the factory will mean allowing labor to return safely.
She said: "Car production shows 1,500 people at the same time, and everyone touches the same product." "This is a fairly recent quarter... They will have to take many measures to quell workers' fears."
The U.S. stock market rose more than 7% to a record high because people hope that the spread of the coronavirus is slowing in many global hotspots.
The Standard & Poor's 500 Index rose in the later period, closing up 7%. This is the benchmark's largest one-day increase since March 24, and the eighth largest increase since the end of World War II.
The Nasdaq Composite Index rose 7.3%, while the Dow Jones Industrial Average rose 7.7%.
In the afternoon trading, the price of Brent crude oil futures fell 3% to US$33.11 per barrel, rebounding from a decline of approximately 12%, because investors doubted whether Saudi Arabia and Russia could reach a supply agreement to stabilize the oil market.
Government bonds were sold, pushing up yields. The benchmark 10-year U.S. Treasury bond yield rose 8.2 basis points to 0.6714%.
British Foreign Secretary Dominic Raab (Dominic Raab) was hired to fill up by Boris Johnson after the British Prime Minister was in intensive care. In a brief TV appearance, he stated that the government will continue to implement Mr. Johnson’s plan. Through the coronavirus crisis.
Raab said: "The work of the government will continue, and the prime minister will have a shrewd team." "The prime minister has an incredible team spirit behind it."
On Monday night, the British Prime Minister received intensive care in a London hospital when his coronavirus symptoms worsened. Since then, leaders in the UK and around the world have expressed hope that Boris Johnson will recover soon.
French President Emmanuel Macron tweeted his support for Johnson, his family and the British people "in this difficult time". He added: "I hope he can overcome this suffering soon."
Another Frenchman, the EU’s chief Brexit negotiator, Michel Barnier, expressed his thoughts in English and joined those who wished Mr. Johnson to “recover quickly”.
In Europe, the influx of well-wishers is particularly noticeable. Leaders from all over the European Union have screamed on Twitter, expressing their hope for a quick recovery. In addition to Mr. Macron, President Nicos Anastasiades of Cyprus said on Twitter that his "prayer and thoughts" were with Mr. Johnson, his family and the British people. Dutch Prime Minister Mark Rutte had similar thoughts:
Canadian Prime Minister Justin Trudeau had to self-isolate last month after his wife Sophie was diagnosed with Covid-19. He said he hopes to see his British counterpart "return to the tenth place as soon as possible." Ms. Trudeau has fully recovered from the virus.
Ursula von der Leyen, President of the European Commission, made a similar view on Twitter.
The new leader of the opposition Labour Party, Keir Starmer, also took to Twitter, saying that the country’s ideas are related to the prime minister and his family.
Mexican Foreign Minister Marcelo Ebrard tweeted: "Mexico expresses its solidarity with the United Kingdom and wishes [Johnson] a speedy recovery”.
Boeing continues to stop operations across the United States due to the coronavirus and said it will suspend production of the 787 Dreamliner in South Carolina indefinitely.
The company has temporarily closed factories in Washington state and suburban Philadelphia. Although the company said the Seattle plant will reopen in 14 days (that is, April 8), the aerospace manufacturer said that they will be closed indefinitely.
The 787 plan is already under pressure because airlines are less and less interested in buying wide-body aircraft. In January, Boeing reduced its productivity from 12 to 10 per month.
Brad Zaback, general manager of the 787 program, said the company is assessing how the South Carolina epidemic will affect “the reliability of our global supply chain and the ripple effect on the 787 program.”
The Chicago company will pay workers a 10-day salary during the suspension. After that, they must use their paid vacation benefits or apply for unemployment. Boeing has approximately 6,900 employees in South Carolina.
Manufacturers are under pressure to reduce their labor. Last week, it asked volunteers to leave in exchange for severance pay and benefits.
South Carolina Governor Henry McMaster (Henry McMaster) issued what he called a “house or work” order on Monday, restricting residents’ travel, but not including family visits and shopping necessities.
A U.S. Navy hospital ship that has docked in New York will treat coronavirus patients. This is a reversal of the city’s policy after fewer non-viral trauma cases.
New York State Governor Andrew Cuomo said that President Donald Trump approved New York State’s request for USNS Comfort to treat coronavirus patients. As the city fights the pandemic, the move will add 1,000 hospital beds.
The military initially planned to treat only uninfected patients on the ship to free up urban beds for those who tested positive for the virus. However, Cuomo said earlier Monday that the blockade of the entire city has led to a reduction in traffic accidents, crime and other traumatic incidents, and the ship has been idle since its arrival last week.
Mr. Cuomo said that opening the hospital ship to Covid-19 patients would “provide much-needed relief to our over-stressed hospital system”.
Donald Trump said that he has asked the treatment company working with the United States to contact Boris Johnson’s doctor immediately because he hinted that the British Prime Minister is facing a “very serious” struggle.
Trump said at the daily press conference that Mr. Johnson is “my good friend and a friend of our country.”
He added: “We are very sad to hear that he was in intensive care this afternoon… Americans are praying for his recovery.” Trump said, calling Mr. Johnson “very strong” and “resolute.” He added that Mr. Johnson “don’t give up, don’t give up”.
Mr. Trump said that earlier in the day he had called several treatment companies that worked with the US government and asked them to contact Mr. Johnson’s medical team.
Trump said: “We will see if we can help. We have contacted all Boris doctors and we are going to see what happens, but they are ready.”
Trump added: “When you enter the intensive care unit, your condition for this particular disease becomes very serious.”
Facebook is adding new tools to allow researchers to analyze users’ advanced mobile location data as part of its efforts to track the spread of the coronavirus and social distancing.
The social media company said on Monday that it is expanding its existing partnership with academic researchers, the “For Good Data” program, which will share anonymous and aggregated data with experts on humanitarian issues. Then they analyze and share it more widely with policymakers and governments.
According to Facebook, the new data set includes a “common location map,” which is “designed to reveal the likelihood that people in one area will come into contact with people in another area,” and regional-level data, which shows whether people keep distance. Come back home.
This information will only be collected from users who choose to share their mobile location history. The analysis will be conducted by a coalition of nearly 20 universities called the Covid-19 Mobile Data Network.
In this move, governments around the world have turned to Internet platforms to obtain location data, which is usually used for advertising positioning and can help deal with crises. This has raised concerns about privacy protection.
CEO Mark Zuckerberg said in a blog: “We started launching this product in the United States this week, and if the results are satisfactory, we will quickly expand it globally in the next few days. ”
In addition, Facebook will add a promotional link to a voluntary large-scale survey, whereby users can self-report symptoms in the United States to “help health researchers better monitor and predict the spread of Covid-19.” . Facebook will not share any data from researchers at Carnegie Mellon University in Pittsburgh, nor will it receive any data.
Last week, Google began publishing anonymous aggregated data to show how its millions of users in 131 countries/regions responded to social distancing policies in six types of locations, including bus stops, grocery stores and pharmacies, and parks.
Donald Trump said that he and former Vice President Joe Biden shared a positive call on Monday when the Democratic presidential candidate offered suggestions on how to respond to the coronavirus crisis.
“Our conversation was very good. We agreed that we would not talk about what we said, but our conversation was very, very good. It was a warm conversation. I like it-I hope he likes it, too,” Mr. Trump Said at the press conference.
Kate Bedingfield, Biden’s vice presidential campaign manager, said in a tweet: “Vice President Biden made a good phone call with President Trump.” “Vice President Biden shared some information about how administrators can now Suggestions for response actions to be taken to address the ongoing coronavirus pandemic…”
Mr. Trump confirmed that Mr. Biden had made recommendations on what the government could do, but did not disclose their recommendations.
Trump said: “This does not mean that I agree with those suggestions, but of course he has suggestions.”
The Wisconsin Supreme Court overturned the state’s Democratic governor, saying that despite public concerns about the spread of the coronavirus, the election will still be held on Tuesday.
The court ruled 4-2 on Monday night that Governor Tony Evers had no right to propose an election. Earlier in the day, Mr. Evers said that he was issuing an executive order to postpone the in-person vote until June 9. Republican lawmakers rejected Mr. Evers’s request to postpone the election at a special meeting of the Lima State Legislature and presented an immediate legal challenge. weekend.
Last week, the deadline for mailing votes in Wisconsin was extended because of concerns that polling stations will be unattended and voters will not participate in elections, including the Democratic presidential primary.
In response to the coronavirus crisis, more than a dozen states have postponed primary elections, and the Democratic National Committee last week postponed the nomination conference from July to August. Earl Joe Biden, who led Bernie Sanders to the meeting, proposed the possibility of “virtual” rather than attending the meeting in person.
A group of world leaders led by former British Prime Minister Gordon Brown called on advanced economies to immediately approve a nearly $200 billion package to help the world’s poorest countries deal with the coronavirus crisis.
In a letter to the Group of 20 (G20) composed of 165 former and former leaders, they demanded “within a few days” a pledge of 8 billion U.S. dollars for vaccines and other therapies; 35 billion U.S. dollars for ventilators, Test kits, personal protective equipment and other equipment; another $150 billion is used to support the health system and economy and prevent the second wave of Covid-19.
The letter reads: “Governments have made many efforts to deal with their economic downturn.” “But global economic problems require global economic responses. Our goal should be to prevent a liquidity crisis from turning into a solvency crisis, and to prevent a global recession from becoming a global recession. depression.”
Earlier, the International Monetary Fund (IMF) and the World Bank (World Bank) called for the suspension of the debt repayment of G20 member countries’ national loans to poor countries, which will allow them to reduce or forgive an estimated $14 billion in debt this year. The Group of 20 (G20) has not yet responded to the call made on March 25, but has promised to respond at the next virtual meeting of finance ministers and central bank governors to be held on April 15.
Post time: Oct-29-2020