Friday, April 24, 2020

FRIDAY APRIL 24 - CORONAVIRUS GLOBAL UPDATE

Cyprus Mail 24 April 2020 - Reuters News Agency


More than 2,725,391 people have been infected across the world and over 191,055 have died but at the same time 745,820 people have recovered.
THE PANDEMIC IN NUMBERS
INFECTED CASESDEATHS DUE TO THE VIRUS
USA 886,709USA 50,243
SPAIN 213,024ITALY 25,549
ITALY 189,973SPAIN 22,157
FRANCE 158,183FRANCE 21,856
GERMANY 153,129UK 18,738
CYPRUS 795CYPRUS 13

All the latest news in brief as it happens
11.12 Philippines’ coronavirus infections top 7,000

The Philippines’ Health Ministry on Friday reported that confirmed cases of the new coronavirus have risen to more than 7,000.
In a bulletin, the ministry recorded 211 new infections, 15 additional deaths and 40 more recoveries. It brought the total cases to 7,192, deaths to 477 and recoveries to 762.
10.45 Russia’s coronavirus case tally nears 70,000
Russia on Friday reported 5,849 new confirmed cases of the novel coronavirus, pushing its nationwide tally to 68,622.
Sixty people with the virus died overnight, pushing the death toll to 615, Russia’s official crisis response centre said.
10.41 Britain to stick with lockdown for now despite economic pressure – minister
Britain will keep lockdown measures in place until it is safe to ease restrictions despite the economic costs of the rules, health minister Matt Hancock told BBC Radio on Friday.
“I will not allow for changes to be made that are unsafe. We’ve got to keep the public safe. And I understand the economic pressures, that is my background and I care deeply about that,” Hancock said, adding that getting the number of cases down was the best thing for the economy and that a second spike would be economically damaging.
10.30 European shares slide as pandemic jitters return
European shares tumbled on Friday on fears of a severe and lasting economic hit from the coronavirus pandemic after a report raised doubts about progress in developing a treatment for COVID-19.
The pan-European STOXX 600 index was down 1.1% at 0719 GMT, with London’s FTSE 100 shedding 1.3% as data showed UK retail sales crashed in March.
Global equity markets headed lower as a closely watched Gilead Sciences Inc experimental drug failed to help patients with severe COVID-19 in a clinical trial, even as the drugmaker said findings were inconclusive because the study was terminated early.
10.17 Singapore records 897 new coronavirus infections
Singapore registered 897 new coronavirus infections on Friday, taking its total number of cases to 12,075.
The health ministry said the vast majority of the new cases were migrant workers residing in dormitories, many of which are under government-ordered quarantine due to mass outbreaks.
The island of 5.7 million people now has one of the highest infection rates in Asia, according to official figures, behind only China, India and Japan.
10.15 Airlines in Philippines extend flight suspensions to mid-May
The Philippines’ major airlines said on Friday their domestic and international flights will remain suspended until mid-May following the extension of coronavirus lockdown measures in the capital and affected cities and provinces.
Philippine Airlines, Cebu Pacific and the Philippine unit of Malaysia’s Airasia Group Bhd said passenger flights, which were halted in March, will remain suspended. Cargo and special recovery flights will continue, the airlines told Reuters.
10.11 EU heading for 5-10% economic contraction in 2020-Breton
European Union Industry Commissioner Thierry Breton said on Friday the EU was heading this year towards a 5-10% economic contraction due to the new coronavirus outbreak.
“As of today, in the European Union, we’re on course for a 5% to 10% (recession), meaning it’s about 7.5%. But that is today, and if things don’t improve and if we have a second peak (of the outbreak), things could get worse”, Breton said on France 2 television.
10.01 EU heading for 5-10% economic contraction in 2020-Breton
European Union Industry Commissioner Thierry Breton said on Friday the EU was heading this year towards a 5-10% economic contraction due to the new coronavirus outbreak.
“As of today, in the European Union, we’re on course for a 5% to 10% (recession), meaning it’s about 7.5%. But that is today, and if things don’t improve and if we have a second peak (of the outbreak), things could get worse”, Breton said on France 2 television.
9.31 UK PM Johnson in good shape after coronavirus, says minister
British Prime Minister Boris Johnson is in good shape and recovering after falling gravely ill with COVID-19, health minister Matt Hancock said on Friday.
“I’m sure he’ll come back as soon as his doctors recommend it,” he told Sky News.
“That decision is for the prime minister in consultation with his doctors. I spoke to him yesterday, he’s on very good form and is clearly recovering.”
9.24 70% of Paris transport network to be running by May 11
French RATP boss Catherine Guillouard said on Friday that the transport authorities were working towards having 70% of the Paris transport network operational by May 11 up from 30% now, ready for when France exits its lockdown. Making sure 70% of the transport network was running would be equivalent to delivering about eight million trips a day, she told France Inter radio.
9.17 Norway Q1 GDP contracts, 2020 seen plunging 5.5%
The Norwegian economy contracted in the first quarter and risks a 5.5% plunge for the full year as efforts to halt the novel coronavirus outbreak brought many industries to a standstill, Statistics Norway (SSB) said on Friday.
The mainland economy, which excludes the volatile offshore oil and gas production, shrank by 1.9% in the January-March period from the final quarter of 2019, SSB said, adding that the decline in March from February was 6.4%.
9.04 UK considering 100% guarantees on small business loans – FT says
British finance minister Rishi Sunak is preparing to offer 100%guarantees on loans to Britain’s smallest businesses, after sustained pressure from Conservative lawmakers and the Bank of England, the Financial Times reported.
The FT said Sunak was “weighing up” whether to go against his instincts and offer full state backing to loans of up to 25,000 pounds ($30,800) to “micro-SMEs” struggling to get credit to see them through the coronavirus crisis.
8.50 Hungary to scrap curfew, refocus anti-coronavirus defense -PM
Hungary plans to replace the current lockdown that imposes a blanket curfew over the population with a more fine-tuned version from early May, Prime Minister Viktor Orban told state radio on Friday.
Orban said the new rules will focus on the elderly, the sick and those living in big cities, as those people are exposed to a disproportionate measure of risk.
8.35 Indonesia to ban air, sea travel to end-May
Indonesia will temporarily ban domestic and international air and sea travel, with some exceptions, starting this week to prevent a further spread of the coronavirus, the transport ministry said in a statement on Friday.
The announcement came as the holy month of Ramadan began in the world’s largest Muslim majority country, and the government has already banned citizens’ traditional annual exodus from the cities to the provinces during the holiday period..
The ban on sea travel took immediate effect, but the ban on air travel will start on Saturday so that some pre-booked flights can go-ahead.
7.50 Thailand reports 15 new coronavirus cases, no new deaths
Thailand reported on Friday 15 new coronavirus cases and no new deaths, bringing the total number of cases since its outbreak in January to 2,854 cases and 50 deaths.
Of the new cases, nine were linked to previous cases and two had no known links.
Four other new cases were reported from the southern province of Yala where the authorities are aggressively testing the population because of high infection rates there, said Taweesin Wisanuyothin, a spokesman for the government’s Centre for COVID-19 Situation Administration.
Since the outbreak 2,490 patients have recovered and gone home.
7.37 Germany’s confirmed coronavirus cases rise by 2,337 to 150,383 – RKI
Germany’s confirmed coronavirus cases increased by 2,337 to 150,383, data from the Robert Koch Institute (RKI) for infectious diseases showed on Friday – a slight deceleration after three straight days of new infections accelerating.
On Thursday confirmed coronavirus cases had increased by 2,352.
The reported death toll rose by 227 to 5,321, the tally showed on Friday.
7.05 Coronavirus tally rises to 91 on Italian cruise ship in Japan
As many as 91 crew of an Italian cruise ship docked in Japan’s southwestern port of Nagasaki are infected with coronavirus, officials said on Friday, as questions persist over how and when they will return to their home countries.
Authorities have tested about half the vessel’s crew of 623 and are racing to screen the rest after finding one of them infected this week, fanning worries that the illness could spread wider and eventually put a strain on medical services.
6.49 Australian PM says will be illegal for non-health officials to get data from COVID-19 app
People other than authorised health officials will be banned by law from accessing data collected in government smartphone software to trace the contacts of people with the coronavirus, Prime Minister Scott Morrison said on Friday.
“It will be illegal for information to go out of that data store to any other person other than that for whom the whole thing is designed, and that is to support the health worker in the state to be able to undertake the contact tracing,” Morrison told reporters in Canberra.
5.47 Philippines extends capital’s coronavirus lockdown to May 15
Philippine President Rodrigo Duterte has extended until May 15 a lockdown in the capital Manila, his spokesman said on Friday, stretching to eight weeks one of the world’s strictest community quarantines to curb coronavirus infections.
The measures will be expanded to other regions with big outbreaks but modified in lower-risk areas, which would see a partial resumption of work, transport and commerce, Harry Roque told reporters.
5.02 NZ finmin says there will be time when economy would need more stimulus
New Zealand’s finance minister said on Friday there will be a time when more stimulus would be needed to boost the economy that has taken a hit due to the impact of the coronavirus.
“There will come a time when we will need some more stimulus in the economy. There are a range of options available on how to do that,” Grant Robertson said in a news conference, adding that no decisions have been taken yet on how more stimulus would be added.
4.59 Saudi G20 presidency urges more donations to fund pandemic response
The Saudi presidency of the Group of 20 major economies on Thursday called for additional immediate donations to fund the emergency response to the coronavirus pandemic and develop needed vaccines.
In a statement, the G20 secretariat said $1.9 billion had been donated by countries, philanthropic organizations and the private sector toward an $8 billion target set by the Global Preparedness Monitoring Board, but more funds were needed.
3.52 China reports 6 new coronavirus cases in mainland vs 10 a day earlier
Mainland China reported 6 new coronavirus cases as of end-April 23, down from 10 reported a day earlier, putting the total number of COVID-19 infections at 82,804.
China’s National Health Commission said in a statement on Friday that 2 of the new cases were so-called imported ones involving travellers from overseas.
There were 6 such imported cases reported a day earlier.
3.21 Mexico announced 99 more deaths as cases rise to 11,633
More than 1,000 new cases and 99 deaths were reported in Mexico over the past 24 hours. Total deaths now number1,069.
2.44 Panama registers 174 new cases
Panama health authorities announced 174 new coronavirus cases bringing the total to 5,166 cases. So far there have been 146 deaths, two in the last 24 hours
1.23 Costa Rica pushes back coronavirus, reducing current cases
While parts of Latin America enter the toughest phase of the coronavirus pandemic, Costa Rica has for the past week reported a steady fall in the number of people currently infected, in a sign the country’s approach to the crisis may be paying off.
The first country in Central America to register a coronavirus infection on March 6, Costa Rica has gone three days without reporting a related fatality. Thursday was the seventh day in succession in which the number of active cases fell.
00.58 Algeria eases coronavirus lockdown for Ramadan
Algeria will ease confinement measures from the first day of the holy month of Ramadan on Friday by shortening a night curfew and lifting a full lockdown for a province near the capital Algiers, the prime minister’s office said on Thursday.
It said the full lockdown in the Blida province south of Algiers will be replaced with a curfew from 2 p.m. to 7 a.m. while a 3 p.m.-7 a.m. curfew in nine provinces, including Algiers, will be shortened to run from 5 p.m. to 7 a.m.


What happened on Thursday, 23 April
EUROPE
  • France has expanded its list of drugs that face export restrictions through the coronavirus crisis despite repeated calls from the European Union to lift curbs that could cause shortages in other countries, documents show.
  • German Chancellor Angela Merkel signalled she was open to offering major financial support for a coronavirus recovery package worth as much as 2 trillion euros, but wanted to see how it would be used before committing.
  • Spain’s daily increase in fatalities further steadied at around 2% on Thursday, as the government apologised for confusion over lockdown rules for children.
  • Greece extended its general lockdown by a week to May 4, saying any relaxation would be staggered over May and June.
  • Two British doctors who have been exposed to COVID-19 patients have launched a legal challenge against the government over what they say is a lack of protective kits and unclear guidance on when and how it should be used.
AMERICAS
  •  U.S. Secretary of State Mike Pompeo said a fundamental reform of the World Health Organization was needed following its handling of the pandemic and that the United States, the WHO’s biggest donor, may never restore funding to the U.N. body.
  • The U.S. House of Representatives returned to Washington on Thursday to pass a $484 billion coronavirus relief bill, funding small businesses and hospitals.
  • Former Democratic presidential candidate Elizabeth Warren’s oldest brother, Donald Reed Herring, died on Tuesday night after contracting the novel coronavirus.
  • Gilead Sciences Inc’s experimental coronavirus drug failed its first randomized clinical trial, the Financial Times reported, but the drugmaker said the results from the study in China were inconclusive as it was terminated early.
  • Peru’s reported coronavirus cases rapidly increased this week and topped 20,000 on Thursday, doubling in nine days, as President Martin Vizcarra extended a national quarantine in the world’s No. 2 copper producer.
  • Canada pledged new money to develop and eventually mass-produce vaccines in its fight against the coronavirus.
ASIA AND THE PACIFIC
  • South Asia’s infections have crossed 37,000, with more than half in India, complicating the task of governments looking to ease lockdowns.
  • Around $1 trillion of debt owed by developing countries would be cancelled under a global deal proposed by the United Nations Conference on Trade and Development.
  • Indonesia will temporarily ban domestic air and sea travel starting Friday, barring a few exceptions
  • Malaysia will extend travel and other curbs by two weeks to May 12, Prime Minister Muhyiddin Yassin said, but more sectors may be allowed to resume operations.
  • Spooked by a sharp increase in cases in the navy, Taiwan is debating whether to consider a broad lockdown.
MIDDLE EAST AND AFRICA
  • African nations that lack ventilators will receive some from a donation of 300 supplied by the Jack Ma Foundation.
  • The governors of Nigeria’s 36 states agreed to ban interstate movement for two weeks.
  • Botswana’s president and lawmakers were released from two weeks in quarantine after testing negative.
  • Egypt will keep a night-time curfew for the holy Muslim month of Ramadan to combat the coronavirus spread but make it one hour shorter.
ECONOMIC FALLOUT


  • World stock markets climbed as investors weighed a rebound in oil prices and prospects for further government stimulus against stark economic data showing the toll of the pandemic.
  • Global economic activity all but ground to a halt this month as government-imposed lockdowns took a particularly heavy toll on the world’s service industry, surveys showed.
  • A record 26 million Americans likely sought unemployment benefits over the last five weeks, meaning all the jobs created during the longest employment boom in U.S. history were wiped out in about a month.
  • Japan offered its bleakest assessment of the economy in over a decade as the pandemic threatens to tip the world’s third-largest economy into a deep recession.
  • South Korea’s ruling party and the government agreed to provide cash handouts to every household, not just to families below the top 30 percentile of income as previously announced.
  • Italy will target a budget deficit of around 10% of national output in 2020, and the gap will remain above 3% in 2021, as it readies a new stimulus package to soften the economic hit from the virus.
  • German consumer morale was driven to a record low heading into May, a survey showed, with the pandemic having a far more severe impact on household spending intentions than forecasters had estimated.