Cyprus Mail 17 April - Reuters News Agency
9.15 am: More than 2,184,680 people have been infected across the world and over 146,980 have died but at the same time 553,227 people have recovered.
The USA is now the country with the most infected cases (678,210) ahead of Spain (185,000) who overtook Italy (168,941) last week. France and Germany follow with 165,027 and 137,698 cases respectively
Confirmed deaths by country:
USA: 34,641
Italy: 22,170
Spain: 19,315
France: 17,920
UK: 13,729
USA: 34,641
Italy: 22,170
Spain: 19,315
France: 17,920
UK: 13,729
THE PANDEMIC IN NUMBERS
11.08 Philippines reports 25 coronavirus deaths, 218 more cases
The Philippines’ health ministry on Friday reported 25 new coronavirus deaths and 218 additional infections.
In a bulletin, the health ministry said total confirmed cases have increased to 5,878 while 387 people have died. It added that 52 more patients have recovered, bringing the total to 487.
10.52 China raises total coronavirus death toll to 4,632 after Wuhan data review
China’s total coronavirus death toll has been revised up to 4,632, up from 3,342, following the release of new data from Wuhan, the epicentre of the outbreak, the country’s health authority said on Friday.
Mi Feng, a spokesman for the National Health Commission, told a media briefing that China had also raised the total number of cases of infection by the end of April 16 to 82,692, up from 82,367.
10.49 China says there has never been a cover-up on coronavirus outbreak
Chinese foreign ministry spokesman Zhao Lijian said on Friday there has never been a cover-up of the coronavirus outbreak in China and the government does not allow any cover-ups.
Zhao told reporters at a daily briefing that the revision of the case toll in Wuhan, where the epidemic first emerged in late 2019, was the result of a statistical verification to ensure accuracy and that revision is a common international practice.
10.25 Italy tests contact-tracing to speed lockdown exit
Italy plans to use a smartphone app developed by tech start-up Bending Spoons to track people who test positive for the new coronavirus as part of efforts to lift its nationwide lockdown.
The original epicentre of the virus outbreak in Europe, Italy has the world’s highest coronavirus death toll with more than 22,000 fatalities, second only to the United States.
10.00 Fares show declines as airlines brace for tough recovery -Skytra
Air fares have fallen as much as 30% since the start of the year in North America and Europe, according to the first of a new series of industry data, while stabilising on a smaller decline in Asia where some coronavirus lockdowns are being eased.
The figures from Skytra, an Airbus-owned airline hedging business, offer early clues to the difficult recovery awaiting airlines as they prepare for an eventual lifting of restrictions on what is likely to be a changed travel market.
9.52 ‘Absolute legend,’ Prince William says of British fundraising veteran
Britain’s Prince William described as an “absolute legend” the 99-year-old war veteran who has raised more than 17 million pounds for the health service by walking laps of his garden.
Captain Tom Moore originally aimed to raise 1,000 pounds by completing his challenge of walking 100 laps before his 100th birthday on April 30.
“Absolute legend,” the queen’s grandson told the BBC. “What I love also is he’s a 99-year war vet, he’s been around a long time, knows everything and it’s wonderful that everyone has been inspired by his story and his determination.”
9.50 London mayor calls for compulsory face masks on transport
London Mayor Sadiq Khan called on the British government on Friday to make face masks compulsory for people travelling around the capital or shopping.
The mayor said that evidence from around the world was that face coverings help stop the spread of the virus.
New York has ordered residents to wear masks or substitute face coverings when in any public situation that may not allow them to be at least six feet away from others.
9.20 Virus tracing app ready for Germany rollout in 3-4 weeks – minister
A coronavirus contact tracing app will be ready for Germans to download and use on their smartphones in three to four weeks, Health Minister Jens Spahn said on Friday.
German federal and state government leaders said on Wednesday they would support voluntary use of a contact tracing app, when available, so people can quickly learn when they have had been exposed to an infected person.
Developers are working hard on an app to make sure data protection standards are “as perfect as possible”, Spahn told broadcaster ARD.
9.11 European stock index futures jump on plans to re-open U.S. economy
European stock index futures surged more than 3% on Friday, as U.S. President Donald Trump rolled out plans for a gradual re-opening of the economy and on reports of a potential drug to treat the COVID-19 disease.
Euro Stoxx 50 futures were up 3.3% at 0600 GMT, with German DAX, French CAC and FTSE 100 futures jumping between 2.8% and 3.4%, shrugging off data showing China suffered its worst economic contraction in almost three decades.
The benchmark STOXX 600 index has rallied about 20% since hitting an eight-year low in March on the back of historic global stimulus and on hopes strict stay-at-home orders would be eased as the health crisis showed signs of ebbing.
9.05 British veteran raises $22 million by walking for the health service
Captain Tom Moore, 99, a British war veteran, has raised more than 17.4 million pounds ($21.7 million) for the health service by walking laps of his garden.
Moore completed the last of 100 laps of his garden on Thursday.
8.47 Singapore mulls pla ing workers who recover from COVID-19 on cruise ships
Singapore is assessing whether migrant workers who have recovered from coronavirus might be safer on cruise ships than back in dormitories that have become infection hotbeds, despite problems controlling onboard outbreaks encountered elsewhere.
The city-state has seen virus cases surge in sprawling housing complexes for foreign labourers, recording its biggest ever jump in cases on Thursday, and is looking for new accommodation solutions for hundreds of workers.
Around 60% of the 4,427 people infected on the island stay in dormitories, where mainly South Asian labourers live 12 to 20 in a room, and share toilets in conditions some workers have said are unsanitary.
8.04 Denmark to reopen some small businesses on Monday after virus lockdown
Denmark will allow certain small businesses, such as hairdressers, beauty salons and driving schools to reopen on April 20, the government said on Friday, following a lockdown ordered last month to rein in the coronavirus.
8.02 More than a third of G7 citizens see virus hit to incomes – poll
More than a third of people living in the Group of Seven rich nations say the novel coronavirus pandemic has already hurt their earnings, a poll showed on Friday.
Market research firm Kantar said 37% reported a drop in earnings, while 8% said they had lost their entire income.
The findings underline the enormous economic hit from the lockdowns enforced to slow the spread of the virus, which has killed more than 130,000 people worldwide.
8.00 Roche joins race to make coronavirus antibody tests
Swiss drugmaker Roche aims by next month to offer blood tests to identify those who had been infected with the coronavirus, potentially helping inform locked-down nations of who might have some immunity and be able to resume work or contact with the public.
The Basel-based company said on Friday it wants to make the antibody test available by early May in countries that accept European CE regulatory standards, and is seeking U.S. Food and Drug Administration emergency authorization for its use in the United States.
7.49 Germany’s confirmed coronavirus cases rise by 3,380 to 133,830 – RKI
Germany’s confirmed coronavirus cases have risen by 3,380 to 133,830, data from the Robert Koch Institute (RKI) for infectious diseases showed on Friday, marking a third straight day of new infections acclerating.
The reported death toll has risen by 299 to 3,868, the tally showed.
7.47 Thailand reports 28 new coronavirus cases, one more death
Thailand on Friday reported 28 new coronavirus cases and one more death, an 85-year-old woman who had other health complications.
Of the new cases, 16 were linked to previous cases, five had no links to old cases, and seven are awaiting investigation, said Taweesin Wisanuyothin, a spokesman for the government’s Center for COVID-19 Situation Administration.
Since the outbreak escalated in January, Thailand has reported a total of 2,700 cases and 47 fatalities, while 1,689 patients have recovered and gone home.
7.45 Cathay Pacific to close U.S. cabin crew bases, laying off 286 staff
Hong Kong’s Cathay Pacific Airways Ltd will close its three cabin crew bases in the United States, the airline said on Friday, laying off 286 staff as the coronavirus pandemic has virtually halted global travel.
The carrier has grounded most of its planes because of the fall in demand, flying only a skeleton network to major destinations such as Beijing, Los Angeles, Singapore, Sydney, Tokyo and Vancouver in April and May that represents just 3% of normal capacity.
In a statement, Cathay said it was communicating with the affected crew in New York, San Francisco and Los Angeles as well as their union.
6.51 Asia shares up as plans to re-open U.S economy offset record slump in China GDP
Asian stocks gained on Friday as President Donald Trump’s plans to gradually re-open the U.S. economy offset data that showed China suffered its worst economic contraction on record due to the coronavirus outbreak.
MSCI’s broadest index of Asia-Pacific shares outside Japan was up 2.6% after reaching a five-week high. Shares in China rose 1.8% as the weak GDP data reinforced expectations that more stimulus is coming, while shares in Australia were up 2.62%.
E-Mini futures for the S&P 500 index traded 3.38% higher, also close to a five-week high.
European soccer’s governing body (UEFA) is working on a proposal that could see the remainder of the Champions League condensed into a week-long mini-tournament with the final taking place on Aug. 29 in Istanbul, the BBC has reported.
Football, as with most sports around the world, has been brought to a standstill by the COVID-19 pandemic, with all major European leagues suspended and the Champions League stalled in the middle of its round of 16.
6.27 Southwest asks unions to start considering post-aid concessions
Southwest Airlines Co has approached unions representing pilots, flight attendants, mechanics and other employees to discuss potential concessions to prepare for a slow industry recovery, a company official told Reuters on Thursday.
Southwest, with about 60,000 employees, is set to receive $4 billion in federal payroll aid under the CARES Act, which prohibits any involuntary furloughs or pay cuts until Sept. 30.
6.13 China’s Wuhan city revises up total coronavirus death toll by 1,290
hina’s Wuhan city, the epicentre of the coronavirus outbreak, said on Friday it had revised up its total coronavirus death toll by 1,290, according to state-run CCTV.
Wuhan also revised up confirmed cases by 325.
6.06 Japan airlines keep most domestic flights despite few takers for seats
Japan’s top airlines are operating a majority of their domestic capacity even though the coronavirus outbreak has left seats on flights mostly empty, amid a lack of clear government directives on the functioning of transport infrastructure in the crisis.
ANA Holdings Inc and Japan Airlines Co Ltd (JAL) , Japan’s two biggest airlines, have cut around 90% of international flights but left their domestic networks relatively intact, industry data showed. The two normally fly around 800 or more domestic flights daily.
5.31 Saudi Arabia faces coronavirus crisis from position of strength – minister
Saudi Arabia is facing the current global crisis from a position of strength, given its strong financial position and reserves, with relatively low government debt, its finance minister said, referring to the impact of the coronavirus outbreak.
Mohammed al-Jadaan said in the virtual meeting of the International Monetary and Financial Committee, held on Thursday, that the Saudi government’s priorities are necessary resources for health care system, financial and economic support to those affected by coronavirus while taking into account the re-prioritization of spending under the current circumstances, Saudi state news agency SPA reported on early Friday.
5.22 Australia may keep coronavirus restrictions for a year, schools could adopt roster
Prime Minister Scott Morrison said some measures, like a rule requiring people to stand at least 1.5 metres apart, would likely remain for several months, given there was no guarantee a vaccine would be developed in that time.
“Social distancing is something we should get very used to,” Morrison told radio station 3AW. “It could be a year, but I’m not speculating about that.”
Morrison has said wider social distancing measures will stay for at least another four weeks while advocating reopening schools across the country, citing medical advice that children are a low risk of transmission.
5.06 China’s Q1 GDP posts first decline on record as virus shuts down economy
China’s economy shrank 6.8% in January-March from a year earlier, official data showed on Friday, the first such decline since at least 1992 when quarterly gross domestic product (GDP) records began.
The historic slump in the world’s second-largest economy comes after efforts to contain the coronavirus, which first emerged in China late last year, shut down factories, transport and shopping malls.
Similar shutdowns now in effect in major economies elsewhere have devastated global trade and suggest an immediate Chinese recovery is likely to be some way off.
3.50 U.S. House Speaker Pelosi says Trump guidelines ‘vague and inconsistent’
U.S. House Speaker Nancy Pelosi on Thursday called President Donald Trump’s guidelines for reopening the economy “vague and inconsistent” and said more coronavirus testing needed to be done.
“The White House’s vague and inconsistent document does nothing to make up for the President’s failure to listen to the scientists and produce and distribute national rapid testing,” Pelosi said in a statement.
3.15 Nigeria urges ‘appropriate’ debt solutions for middle-income countries
Nigerian Finance Minister Zainab Ahmed said an agreement by official bilateral creditors to suspend debt payments by the poorest countries harmed by the coronavirus pandemic was a welcome first step, but “appropriate” solutions were also needed for middle-income countries with debt challenges.
In remarks prepared for delivery on Friday at the World Bank’s Development Committee, Ahmed urges the Bank and other multilateral institutions to explore ways of participating the debt relief initiative.
3.14 Mexico registers 450 new cases of coronavirus and 37 deaths – health ministry
Mexican health officials reported on Thursday 450 new cases of the novel coronavirus and 37 new deaths, bringing the country’s total to 6,297 cases and 486 deaths.
Deputy Health Minister Hugo Lopez-Gatell said last week the country might have as many as 26,500 people infected with the fast-spreading coronavirus.
Citing government models, Lopez-Gatell said many who are infected likely did not have symptoms or were not diagnosed.
2.58 China urges World Bank to suspend debt payments for poor borrowers
China on Thursday urged the World Bank to allow its poorest borrowers to suspend debt payments to the lender while they deal with the coronavirus pandemic, saying the world’s biggest multilateral development bank should “lead by example.”
Chinese Finance Minister Liu Kun said in a statement to the World Bank’s Development committee that all parties should take part in joint actions to address debt vulnerabilities amid the pandemic, including commercial, multilateral and official bilateral creditors.
1.37 IMF sees ‘lost decade’ of no growth in Latin America due to pandemic
The International Monetary Fund on Thursday said the economic fallout of the coronavirus pandemic, combined with other problems in recent years, meant Latin America and the Caribbean would likely see “no growth” in the decade from 2015 to 2025.
Alejandro Werner, who heads the IMF’s Western Hemisphere department, said the global lender was racing to process 16 requests for emergency assistance, about half of which were from Caribbean nations devastated by a halt in tourism.
U.S. President Donald Trump laid out guidelines on Thursday for reopening the coronavirus-ravaged U.S. economy, saying states should take a phased approach to let Americans return to work as conditions allow.
Trump told a White House news conference that governors will be empowered to tailor the approach to their own states and that if they need to remain closed, they should do so.
“We are not opening all at once, but one careful step at a time,” Trump said.
What happened on Thursday
EUROPE
- Europe is in eye of the storm, with the number of cases nearing a million, and should move with extreme caution when considering easing lockdowns, the WHO’s regional director said.
- Britain extended its nationwide lockdown as stand-in leader Dominic Raab ordered Britons to stay at home for at least another three weeks.
- Luxury carmaker Ferrari has begun making parts to convert snorkel masks into respirators for treating patients with coronavirus and protecting medical workers.
- Britain’s economy looks set for a widely feared record contraction after figures showed retail spending plunged by more than a quarter and one in four firms stopped trading temporarily.
- Ireland has contained and effectively suppressed the first wave of the outbreak in the population at large but not in nursing homes where its spread remains a concern, the country’s chief medical officer said.
AMERICAS
- Seven Northeastern states extended a shutdown until May 15 to contain the pandemic, even as President Donald Trump prepared to unveil recommendations to begin easing the lockdown in the least-affected U.S. states.
- Canada’s border restrictions with the U.S. will remain in place “for a significant time” as the two nations fight the outbreak, Prime Minister Justin Trudeau said.
- U.S. defense secretary said he believed China’s leaders have been misleading and opaque about the outbreak and does not trust that they are being truthful even now.
- Hundreds of thousands of children could die this year due to the global economic downturn sparked by the pandemic and tens of millions more could fall into extreme poverty, the United Nations warned.
- Mexico’s president said the country was looking to return to normal beginning June 1, with schools and businesses reopening provided people comply with anti-coronavirus health measures until then.
ASIA AND THE PACIFIC
- China reported fewer imported cases on Thursday, but said locally transmitted infections rose, with the capital Beijing seeing new local cases for the first time in more than three weeks.
- Japan’s prime minister expanded a state of emergency to include the entire country and said the government was considering cash payouts for all.
- India charged a Muslim leader with culpable homicide not amounting to murder for holding a gathering last month that authorities say led to a big jump in infections.
- Indonesia expects the number of cases to peak between May and June with around 95,000 infections, a government adviser said.
- Australia will retain curbs on public movement for at least four more weeks, its prime minister said, dashing speculation the sustained low growth in new cases could spur a quicker return to normal.
- Singapore’s health ministry confirmed 728 new coronavirus infections on Thursday, a new daily record, taking the total in the city-state to 4,427.
MIDDLE EAST AND AFRICA
- Coronavirus outbreaks across the Middle East threaten to shatter the lives of millions of already destitute people in conflict zones, the International Committee of the Red Cross (ICRC) said.
- Coronavirus cases in Africa could shoot up from thousands now to 10 million within three to six months according to very provisional modelling, a regional World Health Organization (WHO) official said.
- Six Gulf Arab states approved Kuwait’s proposal for a common network for food supply safety.
- Israel’s military said it has begun converting common home-use respirators into ventilators capable of providing potentially life-saving breathing support for COVID-19 patients.
ECONOMIC FALLOUT
- World stock markets seesawed while bond yields retreated as dire U.S. jobless data underscored a deepening downturn and tamped down investor hopes a listless economy would soon be back on its feet.
- Hedge fund Elliott Management said global stocks could ultimately lose half of their value from February’s high, according to a letter sent to clients.
- The United States opposes creation of liquidity through issuance of the IMF’s Special Drawing Rights as part of the response to the pandemic, U.S. treasury secretary said.
- ConocoPhillips said it would slash spending and cut U.S. oil output by about 30% of this year’s target, the largest cut so far by a major shale producer to deal with an unprecedented drop in oil demand.
- Louis Vuitton owner LVMH posted a 17% drop in comparable sales in the first quarter due to the pandemic, as government-imposed lockdowns forced it to close stores and production sites in key markets.
