Europe is moving to reopen; Johnson returns to work: virus update

0
96


Global coronavirus cases have approached the 3 million mark, although more nations in Europe plan to partially reopen their economies as infections and deaths decline.

The number of infections and deaths in Germany has increased at the slowest rate in a month, with the reopening of some schools. Italy will loosen its lock in just over a week. Prime Minister Boris Johnson returned to work on Monday.

The Bank of Japan has lifted a limit on the purchase of government bonds and has stepped up purchases of corporate debt securities, joining its global counterparts in expanding monetary stimulus. Thailand has extended its state of emergency.

Virus Tracker: 2.9 million cases in total; Europe begins to rack up billions of dollars for cash-strapped airlines The story of two economies will drive growth after the blockage President calls HHS chief Azar after reports threaten him The dilemma of the Elevator highlights the resumption of the fight

Subscribe to a daily update on the Bloomberg Prediction Team virus here. Click on VRUS on the terminal to get news and data on the coronavirus. For a look back at this week’s best QuickTake articles, click here.

The number of new coronavirus infections and deaths in Germany increased at the slowest pace in a month, as the country took another step in easing restrictions with the reopening of some schools on Monday.

A total of 157,770 people have been infected with the virus, an increase of 1,257 in the 24 hours until Monday morning, according to data from Johns Hopkins University. New infections remained below 2,000 for the third day, and deaths increased from 99 to 5,976.

Government officials have continued to warn about too rapid acceleration of the easing of containment measures even as Bavaria, Hamburg and Berlin are reopening schools for students who take state exams or graduate this year. In the past week, the country eased some store closings in its first step to ease the lockdown imposed more than a month ago.

Thailand said it plans to extend its state of emergency until May 31 to consolidate progress in reducing infections. The emergency, which was scheduled to expire at the end of April, is expected to be extended by a month, said Taweesilp Witsanuyotin, spokesperson for the Covid-19 center, during a briefing.

The government reported nine new cases of coronavirus on Monday, bringing the total to 2,931. Authorities detected more than 100 infections a day in late March and early April.

Adidas AG predicts a loss in the second quarter as revenues fall as more than two-thirds of the German sportswear manufacturer’s stores are closed due to the Covid-19 pandemic. Bayer AG said it faced the potential for “significant liquidity challenges” in the midst of the pandemic as it attempted to resolve the mountain of Roundup litigation in the United States.

Dubai relaxes restrictions on virus access points (12:35 HK)

Dubai has relaxed restrictions on two of the city’s coronavirus hotspots, densely populated areas home to the Gold Souk and museums. The Naif and Al Ras areas will return to normal between 6 a.m. and 10 p.m. and follow from 10 p.m. to 6 a.m., restrictions are in place for the rest of the city, WAM reported. More than 6,000 tests have been carried out among residents of the regions and no new cases of coronavirus have been found in the past two days.

The Bank of Japan has lifted a limit on the purchase of government bonds and has stepped up purchases of corporate debt to prevent the coronavirus from destabilizing the financial system.

The central bank also increased its opportunities to buy corporate bonds and commercial paper by raising its stake limit to 20 trillion yen, the statement said. The BOJ’s previous public debt directive was to increase assets by about 80 trillion yen ($ 743 billion) per year.

Profits by Chinese industrial companies continued to decline as business activity struggled to recover from the aftermath of the coronavirus. Industrial profits fell 34.9% from a year earlier in March, a slight improvement from a 38.3% drop in the first two months of the year, said the National Bureau of statistics.

Trump calls Azar after reports have put him at risk (9:58 a.m.KT)

President Donald Trump called Secretary of Health and Human Services Alex Azar this weekend to say his job is safe after reports that the White House could oust the chief of health while the administration faces to critics of his response to the coronavirus.

The call, described by someone familiar with the matter, and a tweet from Trump on Sunday supporting Azar came after several reports that some White House officials had discussed his dismissal and potential replacements. Azar also weighed in on Twitter, praising Trump’s leadership and saying the information that he was going to be replaced was false.

To dismiss the country’s top health official in the middle of a pandemic would be to recognize that the American response has not been as good as Trump portrayed it.

China has 3 new cases, no deaths (8:39 HK)

China has reported 3 other cases of coronavirus and no deaths, according to a statement from the National Health Commission. The country has reported no deaths in 12 consecutive days, leaving the number of deaths at 4,633. There are a total of 82,830 confirmed cases. China reported 25 asymptomatic cases on April 26, including 1 overseas. There are 974 of these cases under medical observation.

Australia launches contact tracking application (8:38 HK)

Australia has launched mobile phone software to help locate people infected with the coronavirus as parts of the country begin to ease traffic restrictions.

The COVIDSafe app records digital handshakes between smartphones via Bluetooth, and if someone catches the virus, health officials will be able to track who was within 1.5 meters of the person for 15 minutes or more . More than 1.1 million people have signed up since its launch on Sunday, the government said.

H.K., Taiwan plans to relax measures (7:41 a.m.)

Hong Kong government to consider relaxing mandatory quarantine controls on Chinese mainland visitors, allowing officials to return to the office, and easing restrictions in certain business sectors, if the number of new cases remains low or stays zero , Sing Tao Daily reported, citing unidentified people.

Taiwan is also studying flexibility measures as there have been no confirmed local cases for 14 consecutive days, reported Taipei-based United Daily News, citing the Island’s Centers for Disease Control.

Beef shortages loom as factories close (6:45 a.m. HK)

Plant closings leave the United States dangerously close to meat shortages as epidemics of coronavirus spread to suppliers.

Almost a third of US hog capacity is declining, the first large poultry plants closed on Friday and experts warn that shortages are only a few weeks away. Brazil, the world’s largest shipper of chicken and beef, saw its first major shutdown with the shutdown of a poultry plant owned by JBS SA, the world’s largest meat company. Key operations are also down in Canada.

Read the full story

US Securities Limit Program for Loans (5:30 p.m. New York Time)

The US Small Business Administration is capping the value of loans banks can take out as part of a relief program that starts again on Monday. The move reflects concerns that larger banks may once again dominate lending and prevent money from reaching the mom and pop stores that need it most. The SBA emailed lenders on Sunday, limiting the maximum dollar amount of each bank. can issue at 10% of the funding authority of the

Paycheque protection program. The goal of the cap is “to ensure fair access,” according to a copy seen by Bloomberg News.

Read the full story.

Cases in the United States are up 3.3%, below the week-long average (4 p.m. NY)

Coronavirus cases in the United States increased 3.3% from Saturday to 957,016, according to data collected by Johns Hopkins University and Bloomberg News. The national increase in cases was less than the average daily increase of 3.6% in the past week.

New York reported 5,902 new cases, compared to 10,553 a day earlier, bringing the total to 288,045, while new deaths fell to 367, for an overall record of 16,966.

Singapore is the third most infected country in Asia (3.10 p.m., NY)

Singapore reported 931 new cases of the virus on Sunday, making the island nation the largest cluster in the region, after the two most populous countries in the world.

The country, with 5.7 million people, surpassed Japan with more than 13,000 cases. The majority of infections involve migrant workers living in dormitories. Its citizens and permanent residents represented only 15 of the new cases, the government said in a statement.

Read the full story.

Italy to begin easing lock on May 4 (2:50 p.m. NY)

Prime Minister Giuseppe Conte said Italy would begin lifting a national lockdown on May 4, granting partial respite to companies crippled by weeks of measures to end the epidemic.

Construction and manufacturing will be the first sectors allowed to restart, Conte said during a briefing in Rome. Retailers and museums can reopen on May 18, he said. Restaurants and cafes will remain closed until June 1 at least.

Italy reported 260 deaths in the 24-hour period – the least since March 14 – compared to 415 the day before.

Cuomo presents progressive reopening (2:45 p.m. NY)

Northern New York State may begin reopening as early as May 15, said Governor Andrew Cuomo. New York City is more densely populated and connected to Long Island, New Jersey and Connecticut, which makes reopening soon more complicated, he said.

The first phase would include construction and manufacturing activities, and would be by region. After the initial reopenings, the state took a two-week break to assess progress, monitoring new hospitalizations, new cases and antibody tests.

Companies will be allowed to reopen based on their importance and the risk of transmission they pose, Cuomo said.

Gates Focused on Vaccine (2:30 p.m. New York Time)

Bill Gates is funding the production of the seven most promising ideas for a vaccine as he refocuses his philanthropy on the coronavirus.

“If everything went smoothly, we would be in scale manufacturing in a year,” said Gates on CNN’s “Fareed Zakaria GPS”. “It could last up to two years.”

The philanthropist and co-founder of Microsoft Corp. said his best scenario for a gradual reopening of the economy is to “choose high-value activities like school, manufacturing and construction, and find a way to do those with masks and distance.” ”

Read the full story

France has the fewest deaths since March (1:10 pm NY)

France reported the smallest increase in deaths since March 25 and the number of Covid-19 patients in intensive care has decreased. The death toll increased from 242 to 22,856, according to the Ministry of Health. New cases increased by 1,129 to 191,743.

The government is preparing to facilitate its containment after May 11, Prime Minister Edouard Philippe to define Tuesday how to begin the return to normal life.

State hotlines called on disinfectants (11:50 a.m. NY)

Emergency centers in New Jersey and Michigan were inundated with calls last week after Trump discussed the use of disinfectants to treat Covid-19, state governors have said.

Dr. Deborah Birx, coordinator of the White House Coronavirus task force, said that Trump understands that the disinfectant is not a cure for Covid-19. “It bothers me that it’s still in the news cycle,” Birx told CNN.

bloomberg.com “data-reactid =” 96 “> For more articles like this, visit us at bloomberg.com

Subscribe now to stay one step ahead of the most trusted source of business information. “Data-reactid =” 97 “> Subscribe now to stay ahead with the most trusted source of business information.

© 2020 Bloomberg L.P.

LEAVE A REPLY

Please enter your comment!
Please enter your name here