A French government minister has criticized Sanofi’s plans to give Americans priority over any successful Covid-19 vaccine, highlighting the conflicts as companies rush to develop drugs. Spread has slowed in Russia, which added less than 10,000 cases for the first time since May 2.
President Donald Trumpdisagree with Anthony Fauci on the warnings of the doctor concerning the too rapid reopening of the country. The virus may have triggered a jump 30 times in cases of severe but rareinflammatory disease in children, according to one study.
Secretary of the Treasury Steven Mnuchin sought toreassure investors after Federal Reserve Chairman Jerome Powellwarned of unprecedented risks. Unemployment claims are likely to remain high and Goldman Sachs now expects the unemployment ratepeak at 25%.
- Virus Tracker: 4.3 million cases; deaths exceed 297,000
- Second waves which aredifficult to trace the plague of the recovery in Asia
- Gilead’s remdesivir is arare example of foresight in the event of a pandemic
- British plan to return to work does not seem to be working
- The small American agencyfight the conspiracy theories of Covid-19
- Chinese touristslured to save summer at Beijing’s European ally
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Less than 70 cases per week to end Tokyo emergency (5:20 p.m. HK)
As Japan lifts the state of emergency over most of the country, residents of the capital Tokyo ask when they will join the list of areas where the coronavirus is considered to be under control.One specific condition was revealed: fewer than 70 infections in the city in a week.
Economy Minister Yasutoshi Nishimura, who leads the country’s response to the virus, said on Thursday that the target of infection proposed by a group of experts is that the cases have fallen below 0.5 new infections per 100 000 people over the past week.
Prime Minister Shinzo Abe lifted the state of emergency in 39 of his 47 prefectures sooner than he expected after infections fell to zero in many areas. Tokyo and several neighboring areas, as well as Osaka and Hokkaido, will remain under the state of emergency with infections still deemed too high. The government is expected to assess the decision on May 21.
Spain reports most deaths since May 8 (5:15 p.m. KT)
Spainreported 217 new deaths from coronaviruses in the past 24 hours, the biggest jump since May 8. The total death toll reached 27,321, according to data from the Ministry of Health released Thursday. New infections increased from 506 to 229,540. The total number of cases has been adjusted to reflect changes in the data for the Madrid region.
IEA sees oil market improving (4:25 p.m. HK)
The outlook for world oil markets has “has improved somewhat, “with demand a little stronger than expected and supply curbed by a brutal price crash, the International Energy Agency said.
World oil production is on track for a “historic drop” this month to the lowest level in nine years, the IEA said in a monthly report. OPEC and its partners are cutting production, while others like the United States are forced to cut drilling.
“It is on the supply side that market forces have demonstrated their power and shown that the pain of falling prices affects all producers,” said the Paris agency, which advises large economies. “We are seeing massive reductions in production from countries outside the OPEC + agreement and faster than expected.”
Second Waves Plague Asia’s Virus Recovery (4:23 p.m. HK)
After controlling their epidemics with measures ranging from strict closures to rapid tests, the Asian economies that have had some of the greatest successes in fighting the coronavirus – Hong Kong, China and South Korea – are now facingresurgences which underline the quasi-impossibility of the eradication.
In Hong Kong, the 66-year-old woman’s husband – whose infection is of unknown origin – also tested positive. The 23-day streak in the city with no local coronavirus transmission ended on Wednesday, reflecting the challenge of eradicating a virus that can spread without being detected by symptomless carriers.
On the mainland, an epidemic in northeast China has forced authorities to impose movement restrictions in two cities, recalling the January 23 lock on Wuhan. South Korea has identified more than 100 new cases in several nightclubs frequented by gay customers and authorities are trying to test more than 5,500 people who have visited the clubs since the end of April.
UK Covid-19 app could worsen inequality (4:16 p.m. HK)
The UK contact tracking app couldexacerbate inequality in British society, an ethics committee warned before the software rollout. A letter dated April 24, which has since been published online, highlighted data suggesting that 21% of British adults do not use a smartphone, which is essential for using the app.
The board, created to oversee the development of the app, has also described a variety of areas, including accountability and possible misuse of data, which it said the government should take into consideration when the creation of the application to ensure that it is carried out in an ethical manner.
BMW faces scrutiny of more than $ 1.8 billion in dividends (4:00 p.m. HK)
BMW AG’s payment plan $ 1.8 billion in dividends as the coronavirus crisisdepletes the German automaker’s liquidity reserves anger investors. BMW should consider a lower payment to protect its balance sheet, said DWS Group, the fund management division of Deutsche Bank AG, before the automaker’s annual meeting of shareholders. German investor lobby group DSW wants BMW to be economical because it demands state-funded incentives and sends thousands of workers home at reduced wages.
EU urges states to phase out emergency powers (4 p.m. GMT)
European Union member states should startthe gradual abolition of emergency powers granted to governments to fight the coronavirus, in accordance with the measures taken to relax restrictions after the first wave of the pandemic, said the bloc’s executive body.
“In the EU, we are now entering a new phase in which certain measures taken to protect public health will be gradually relaxed,” said European Commission Vice-President Vera Jourova in the European Parliament. “This new phase means that general states of emergency with exceptional powers granted to governments should be phased out or replaced by more targeted and less intrusive measures.”
Hungarian Prime Minister Viktor Orban’s decision to start deciding for an indefinite period, apparently to fight the virus, has alarmed the EU as to whether governments could use the pandemic as a pretext to undermine democracy.
New Russian cases fall below 10,000 (3:45 p.m. HK)
The number of confirmed cases in the country increased by 9,974, or 4.1%, to 252,245, dropping below 10,000 for the first time since May 2. Russia has reported record levels of infections averaging more than 10,000 new cases per day since May 3, despite the spread has slowed. The total death toll rose to 2,305 after the deaths of 93 other people.
At the end of March, the country was placed under a national residence order which helped trigger a slowdown in economic activity. Amid fears that Russia will slip into a deep recession, President Vladimir Putin announced the end of the lockdown on Monday, while empowering regional leaders to decide the pace of safely easing measures in their regions.
In addition, Mongolia recorded its largest one-day increase in cases of coronavirus, most infections among students returning from Russia. Health officials on Thursday reported 19 confirmed cases of the virus, all among students from neighboring Russia.
Donate to the United StatesPriority access to a Sanofi vaccine against the new coronavirus would be “unacceptable,” said a French minister. “For us, it would be unacceptable that there is a privileged access for such or such country under a pretext which would be a financial pretext”, declared Thursday the Minister for the Economy Agnès Pannier-Runacher in an interview granted to Sud Radio .
The United States will probably be on the front line if Sanofi succeeds in developing a vaccine because the country was the first to finance the research of the French company, said this week CEO Paul Hudson in an interview with Bloomberg News. The United States, which expanded its partnership with the company in February, expects that “if we helped you make the at-risk doses, we expect to get the doses first,” said Hudson.
Cape Town is home to half of all South African cases (3:25 p.m. HK)
South Africa’s coronavirus epidemic hit hardest Western Cape, home to the city of Cape Town. The province now has more than half of the 12,074 nationally confirmed cases and in recent days, about 90% of new infections registered by the Ministry of Health.
Contrary to initial forecasts, infections and deaths have increased at a much slower rate in the economic center of Johannesburg, in the province of Gauteng. The Western Cape and Gauteng together represent around 37% of the South African population.
Finland unveils $ 1.1 billion package (3:08 p.m. HK)
The Finnish government is implementing a support program for companies that experience a significant drop in income and are reluctant to take out loans during the Covid-19 crisis. “We want to stop a wave of bankruptcies and job losses,” Economy Minister Mika Lintila told reporters. The total cost of the package is estimated at just under a billion euros ($ 1.1 billion), according to the Minister.
Qatar Airways cuts 20% of its workforce (2:11 p.m. HK)
Qatar Airways will cut nearly 20 percent of its workforce after a drop in travel demand caused by the coronavirus, the airline’s CEO said in a BBC interview.
“We have no other alternative,” Akbar Al Baker said on Wednesday. The airline employs more than 46,000 people, according to its website, which means that Fires could affect approximately 9,200 workers.
Novartis vaccine could be ready in 2021 (14:08 HK)
Developing a safe and effective RNA vaccine, as required for Covid-19, “is possible but not easy,” wrote Vas Narasimhan, CEO of Novartis, in an opinion piece published in the Swiss Handelszeitung. If one of the vaccine candidates currently in development succeeds, “it will probably be available in the second half of 2021”.
German cases climb, spread slowly (1:28 p.m. HK)
Germanyrecorded the highest number of new cases of coronavirus in five days as the government gradually lifts restrictions on daily life. However, the infection rate fell further below a key threshold.
There were 927 new cases in the 24 hours until Thursday morning, bringing the total to 174,098, according to data from Johns Hopkins University. The number of deaths increased by 123 to 7,861, the highest number of deaths per day since May 7.
The virus’s reproductive factor fell to 0.81 on Wednesday from 0.94 the previous day, according to the latest estimate from the Robert Koch Institute. The figure reflects the number of additional cases directly generated by an infected person.
Fourth USDA Inspector Died (12:01 a.m.KT)
A fourth food security inspector from the United States Department of Agriculturedied Wednesday of Covid-19, according to a union official, in the midst of an epidemic of viruses in the country’s meat processors. The inspector was located in Dodge City, Kansas, said Paula Schelling, Acting National Joint Council President for food inspection locals for the American Federation of Government Employees.
The coronavirus has swept through many meat packaging plants, where employees typically work closely in tight, cold spaces. USDA inspectors work at the production site, verifying the safety of the meat. A number of factories have temporarily closed due to outbreaks.
Peak in severe blood disorders in children (10:30 a.m.KT)
Coronavirus may have jumped 30 times in severe but rare casespediatric inflammatory disease, according to an Italian study that provides a worrying warning to other countries affected by a pandemic about the risk to children.
Detailed analysis of Bergamo, the epicenter of the Italian Covid-19 epidemic, found 10 cases of Kawasaki-like disease in children, adding to reports about 90 similar cases from New York and England .
Roche Antibody Test Boosts UK (7:14 a.m.KT)
Roche Holding AG’s anti-coronavirus antibody test has beenauthorized by a health authority in the UK, a boost to Prime Minister Boris Johnson as he searches for ways to gradually ease the lock restrictions.
Johnson previously described the antibody tests as a “game changer” because they show who has had the virus before and may have some degree of immunity. However, scientists still don’t know if having antibodies means lasting immunity.
– With the help of Adveith Nair