With more than 85,000 confirmed cases of coronavirus (Covid-19), the United States has now overtaken China. More than 1,200 people have died in the country, including 385 in New York, one of the most important cities in the world. All this while the US government is preparing a $ 2 trillion economic stabilization plan.
But first, let’s look at the global statistics:
Total number of confirmed cases: 566,269
Total number of deaths: 24,423
Total recovered: 127,768
Nations with the highest number of cases: United States (92,932), China (81,897), Italy (80,589), Spain (64,059) and Germany (49,344)
1. The US Congress is expected to approve an economic recovery plan on Friday. The $ 2 trillion plan aims to save jobs, bail out businesses, and provide financial assistance to the states most affected by the pandemic.
Here is the wide distribution of the allowance: Read here
2. The situation is grim, to the point that Donald Trump went back on the coronavirus call “ChineseVirus” and said in a Tweeter that the United States will take help from China, “which has gone through a lot and has developed a solid understanding of the virus.”
Also read: How the U.S. has overtaken the world in new infections via The New York Times
3. British Prime Minister Boris Johnson has tested positive for the coronavirus. He said he was tested after experiencing mild symptoms and is now in quarantine. No word on who anything he came in contact with recently. He joins other famous characters: Prince Charles, Tom Hanks and his wife, actress Rita Wilson, NBA player Kevin Durant, Game of Thrown
stars Indira Varma and Kristofer Hlvju.
Complete list here.
3. A bit of respite: the World Health Organization has said that it is seeing “encouraging signs” in Europe as the number of deaths linked to Covid-19 is decreasing in several countries. In Italy, deaths have declined for four consecutive days.
4. But the virus continues to spread across Europe: Spain has the highest number of deaths in a single day – 769 deaths in the past 24 hours, bringing the number of deaths to 4,858. The ministry The country’s health ministry said that some test kits obtained from a Chinese supplier were found to be defective. Lily the full story at NYT.
5. South Africa has announced a three-week lockdown, with the number of cases increasing to 1,000. Two deaths have been reported. China has announced a temporary ban on all foreign visitors.
6. Stricter rules: In Britain, anyone claiming to have a coronavirus who deliberately coughs against emergency workers risks a prison sentence of two years. In Singapore, anyone caught not sitting one meter apart, as prescribed, in a public place can be fined up to S $ 10,000 ($ 6,990) .
7. Demand for ventilators is now 10 times that currently available in hospitals, according to leading Chinese medical device manufacturer Shenzhen Mindray Bio-Medical Electronics Co – Bloomberg
1. The US economy is entering a passive recession. A record 3.3 million people applied for unemployment benefits on Thursday. Economists say a total of 40 million Americans could lose their jobs by mid-April – The Washington Post
2. Most companies in Germany, the global automotive hub, are freezing hiring and could fire workers, according to a survey of 9,000 companies –Financial times
3. Estimated losses: Facebook and Google could lose $ 44 billion in global advertising revenue in 2020, said investment bank Cowen & Co. – IANS
4. H&M threatens to terminate UK rental contracts without boosting sales – Financial times
The Reserve Bank of India of India cut the repo rate, the key rate at which banks borrow from the central bank, by 75 basis points to 4.40%, the lowest ever. The markets were not impressed. Sensex closed down 0.44% and Nifty 50 closed up 0.22%.
Do not miss …
* The Washington Post analyzes, in this interactive story, the different approaches to contain the spread of a virus.
* How American labs are rushing to produce new test kits – Reuters
* What to read in isolation? The Favorite of FT Readers books