Bankruptcies and layoffs could be hiding now, as the director of the International Monetary Fund (IMF) has already called the current slowdown a recession. “This is now a recession,” said IMF chief executive Kristalina Georgieva on Saturday. Lily
Meanwhile, the United States Parliament has approved the largest economic rescue plan in its history – a pledge of $ 2.2 trillion. This legislation will speed up government payments by $ 1,200 to most Americans and increase unemployment benefits for millions of unemployed people. Large and small businesses will get loans, grants, and tax breaks. It will send unprecedented billions to state and local governments, and to the country’s almost overwhelmed healthcare system. Lily
In addition, in a first for any country, the number of coronavirus cases in the United States exceeded 100,000. As of 12:30 p.m. U.S. time on March 29, the United States had reported 116 448 cases of Covid-19 and 1,943 deaths linked to the coronavirus.
Let’s look at global statistics (at 12:30 p.m. on March 29)
Total number of confirmed cases: 650,926
Change from yesterday: 54,614
Total number of deaths: 30,299
Total recovered: 139,555
Nations with the highest number of cases: United States (116,448), Italy (92,472), China (81,394), Spain (72,248) and Germany (56,202).
Source: Johns Hopkins Coronavirus Research Center
* Horde to make fans: Globally, there are a horde of fan producers, with all kinds of large machine manufacturers invited to step in. In the U.S., President Donald Trump has asked General Motors and Ford to crack (GM has said it will offer 80,000 for $ 1 billion). ). Tesla and Toyota are also committed to helping. In India, Maruti Suzuki has announced that it will produce fans, masks and protective equipment.
* Nations discuss economic relief plans: European Union leaders met on Thursday for a six-hour video conference flatten the measurement to control the coronavirus pandemic. Meanwhile, Japan (https://bre.is/aVkVoHpw) is considering further relief after a $ 4 billion package announced on March 9.
* Apple application dedicated to Covid-19 screening: Apple has launched an application and website dedicated to the projection of Covid-19 in collaboration with FEMA, the CDC and the White House. The program asks you about your symptoms and your recent trips to let you know when (or if) you should see a doctor or have a Covid-19 test.
Apple also announced that it will donate 10 million face masks to the United States and Europe.
* Reduced salary for football celebrities: Lionel Messi, Cristiano Ronaldo and other highest paid footballers in the world seem ready for lower wages, suggest this Financial Times report.
* Wuhan breathes easily: The Chinese city of Wuhan, the epicenter of the coronavirus epidemic, has partially reopened after being locked up for two months. Read this BBC report. (https://bre.is/Nqd4aBzT)
* The infected: One of the last to join the list of famous people down with the coronavirus is KPMG President Bill Michael.
* Shortage of condoms: One of the world’s largest condom manufacturers – KarexBhd in Malaysia – predicted a global shortage of condoms as factories remain closed.
* Fitch downgraded (https://bre.is/yzbS2XkL) the UK credit rating from AA to AA-, citing the impact of the coronavirus and lingering uncertainty over Brexit.
* Amazon boss Jeff Bezos sold $ 4.3 billion of his shares in the company just before the collapse of Covid-19. Lily this report by The Guardian
Do not miss …
* Listen to the disturbing account of this Italian doctor on the situation of coronaviruses in Italy. Dr. Fabiano Di Marco, from the University of Milan, is on the front line for the treatment of patients in Bergamo, the epicenter of cases in the country. “As a doctor, we are used to treating patients. And for us, it’s normal. But it’s difficult when the patient is your colleague, ”he says. Listen on NYT’s The Daily Podcast.
Also, frontline Italian medical heroes – a series of photos by AP.
* What we don’t yet know about coronavirus – Can a person be reinfected? Will there ever be a treatment? How long will the pandemic last? Keep in mind that it has only been three months since the first case emerged from China. Read this Reuters report.