the global number of Covid-19 cases Yesterday, an increase of 5 m was recorded, while 106,122 other confirmed infections were reported, which represents the largest daily increase since the start of the pandemic. Yesterday, 4,755 people died from coronavirus disease. This figure corresponds to the weekday average of the last seven days. The global death toll is now 326,844.
An early trial for a vaccine co-developed by CanSino Biologics has discovered that it is safe and effective in producing an immune response in humans, according to an article published in the medical journal The Lancet on Friday. The study of 108 patients aged 18 to 60 years found that the vaccine produced neutralizing antibodies and a response in the participant’s T cells, a type of white blood cell.
The antimalarial drug Donald trump, the American president, said taking it has been linked to increased death rates and heart problems in Covid-19 patients, according to research published in The Lancet. The study authors found that hydroxychloroquine and related drug chloroquine did not benefit people with Covid-19, but could have serious side effects.
Hertz, the car rental group backed by US billionaire Carl Icahn, is about to file for bankruptcy, joining a growing list of illustrious companies forced into bankruptcy due to the coronavirus pandemic. The Florida-based company was preparing to file for Chapter 11 bankruptcy after failing to meet a payment deadline.
John Deere warned of a decline in profits and full-year sales of farm and industrial equipment following coronavirus blockages, but said quarterly earnings had declined less than expected. The tractor manufacturer expects global sales of farm equipment and sod to be between 10% and 15% in fiscal year 2020 ending in November compared to a year ago.
Aurify Brands, which manages the franchises of the fast food chain Five Guys, has reached an agreement to save the American branch of the Belgian bakery chain Daily Bread. The deal, which will see US activity become a franchise by a licensee, is expected to lead to a reduction in the number of stores, but it will also lead to a renegotiation of leases, which in some cases represent 20% of sales.
The Bank of England said money market conditions have become “more stable” since the peak of the coronavirus crisis, which has enabled it to end one of its emergency liquidity measures. The central bank said on Friday that it would end its three-month conditional term credit starting next week, with final transactions scheduled for May 28.
Toyota is the latest automaker to reopen factories in Europe that coronavirus blockages across the continent are easing. The Japanese company will resume manufacturing in Derby in the UK and Kolín in the Czech Republic next week. It has already restarted its engine factory in Deeside, Wales. The Burnaston plant near Derby will resume operations on May 26.
BP is halve the number of executives as the coronavirus pandemic accelerates a change of strategy under the leadership of its new CEO, Bernard Looney, to transform the large British energy company into a “smaller and more agile” company. The group of managers will be reduced from 250 to approximately 120 people, many of whom have held management positions under former chief Bob Dudley who have left the company in the coming months.
The Spanish government has given the green light to Madrid and Barcelona to begin gradually eliminating the severe closure of the country after a long confrontation of two weeks with the authorities of the capital. As of Monday, people from the two cities will be able to meet in groups of 10 and travel to their home province, while bars and restaurants will be allowed to serve customers outside.