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03/04/20 COVID-19 Global News Update

03 April 2020
Overview of the latest developments on Coronavirus (COVID-19).

International

Energy stocks prop up European shares after coronavirus-led rout

Apr 2nd, 2020viaReuters UK - Business News

A late-session rally in the energy sector helped European stocks end slightly higher on Thursday, with sentiment remaining fragile after a sharp rise in U.S. unemployment claims showed further evidence of the coronavirus’ economic impact.

Global finance watchdog seeks to ease some coronavirus curbs; no Libor delay

Apr 2nd, 2020viaReuters UK - Business News

Global financial regulators said on Thursday they are in talks with governments to allow key staff at financial firms to work on site during the coronavirus epidemic to keep markets open.


UK

Coronavirus: Four ways the economy has been affected

Apr 2nd, 2020viaBBC News - Business

A quick walk down any deserted high street or a video chat with friends and family is a reminder that currently it is anything but business as normal.

Coronavirus: Questions over how testing pledge will be met

Apr 2nd, 2020viaBBC - Front Page

The government is under pressure to explain how it will meet its target of increasing coronavirus testing ten-fold by the end of April. Health Secretary Matt Hancock has said he wants 100,000 tests to be carried out every day.

Coronavirus: Emergency business loan scheme revamped after criticism

Apr 2nd, 2020viaBBC - Front Page

The emergency loans scheme for businesses struggling to survive amid the coronavirus pandemic has been revamped following strong criticism. The Treasury said it had received more than 130,000 loan enquires from firms but fewer than 1,000 had been approved.

UK retail sales: Coronavirus triggers worst month on record

Apr 2nd, 2020viaCity AM - News

UK retail sales plummeted to the worst levels on record in March as footfall plunged and non-essential stores were forced to close amid the coronavirus pandemic.

Airline industry braces for lengthy recovery from coronavirus crisis

Apr 3rd, 2020viaReuters UK - Top News

International seat capacity has dropped by almost 80% from a year ago and half the world’s airplanes are in storage, new data shows, suggesting the aviation industry may take years to recover from the coronavirus pandemic.

UK plugs loan gap for firms teetering under coronavirus strain

Apr 2nd, 2020viaReuters UK - Top News

British finance minister Rishi Sunak will on Friday address a gap in its support for businesses trying to survive the seismic economic hit from the coronavirus outbreak, by allowing medium-sized companies access to government-backed loans.

Coronavirus: Banks banned from asking for personal guarantees from small firms

Apr 2nd, 2020viaThe Independent - News

UK banks are now barred from demanding personal guarantees from small business owners who need modest loans to stay afloat amid the Covid-19 emergency, the Treasury has announced, as part of an attempt to patch up its foundering £330bn support package for the UK private sector.


Day-to-Day Impact

Coronavirus: More than 220 NI schools to open at Easter

Apr 3rd, 2020viaBBC World - Northern Ireland

More than 220 schools have said they are prepared to open at Easter for the children of key workers and vulnerable children.

Royal Mail staff 'lack sufficient protection' from coronavirus

Apr 2nd, 2020viaGuardian UK - Business

Many Royal Mail sorting offices are not providing workers with sufficient protection from coronavirus infection, according to a union which says some depots should close until staff are safe.

UK care home bosses threaten to quit over return of coronavirus patients

Apr 2nd, 2020viaThe Guardian News

Care home managers have threatened to resign over new government guidelines that state they have to accept residents who have coronavirus.


Global Situation

Brazil turns to China for help in coronavirus fight, eyes U.S. cooperation

Apr 2nd, 2020viaReuters UK - World News

Brazil faces a tense period in the coming weeks in its battle against the coronavirus, with supplies of medical and protective equipment running low and fresh shipments from China not expected to arrive in the country for another month.

Coronavirus: India's bailout may not be enough to save economy

Apr 2nd, 2020viaBBC News | News Front Page | World Edition

Millions of people in India are struggling for food during the country's coronavirus lockdown Mohammad Alam is one of thousands of workers standing in a food queue in India's capital, Delhi.

Coronavirus could trigger biggest fall in carbon emissions since World War Two

Apr 3rd, 2020viaReuters UK - World News

Carbon dioxide emissions could fall by the largest amount since World War Two this year as the coronavirus outbreak brings economies to a virtual standstill, according to the chair of a network of scientists providing benchmark emissions data.

Coronavirus: NI 'too slow' on virus testing, says O'Neill

Apr 3rd, 2020viaBBC News - UK

NI's deputy first minister has said the health minister is acting too slowly in key areas such as testing and providing protective equipment to health staff battling the coronavirus crisis. Sinn Féin's Michelle O'Neill accused the UUP's Robin Swann of "slavishly following the Boris Johnson model".

U.S. paying Russia for entire planeload of coronavirus equipment - U.S. official

Apr 2nd, 2020viaReuters UK - World News

The United States is paying Russia for a planeload of medical equipment sent by Moscow to help fight the coronavirus outbreak, a senior Trump administration official said on Thursday, clearing up confusion as to who footed the bill.

Australia closes internal borders to capitalise on fall in new coronavirus cases

Apr 3rd, 2020viaReuters UK - World News

Australian officials closed internal borders on Friday and warned people to stay home over the upcoming Easter holiday as the country seeks to capitalise on a further fall in the rate of new coronavirus cases.

One million coronavirus cases confirmed: How are global leaders responding?

Apr 2nd, 2020viaChannel 4 UK - Politics News

Before the coronavirus outbreak the Europe Union looked like a place where the leaders were united.

Google releases location data to show if coronavirus lockdowns working in 131 countries

Apr 3rd, 2020viaReuters UK - World News

Alphabet Inc’s (GOOGL.O) Google on Thursday published reports for 131 countries showing whether visits to shops, parks and workplaces dropped in March, when many governments issued stay-at-home orders to rein the spread of the novel coronavirus.

Coronavirus: Trump says 100,000 ventilators being built

Apr 2nd, 2020viaThe Independent - News

The United States is on track to "soon" have tens of thousands of new ventilators to treat coronavirus victims, Donald Trump said Thursday evening, but he was vague on the exact timing of those being fielded ahead of an expected surge in cases and deaths.

Window for containing coronavirus in Mideast closing - WHO

Apr 2nd, 2020viaReuters UK - World News

Governments in the Middle East need to act fast to limit the spread of the coronavirus after cases rose to nearly 60,000, almost double their level a week earlier, the World Health Organization (WHO) said on Thursday.

Coronavirus crisis may deny 9.5 million women access to family planning

Apr 3rd, 2020viaThe Guardian Australia World News

Up to 9.5 million women and girls could miss out on vital family planning services this year because of Covid-19, potentially resulting in thousands of deaths.

UN agency keeps Africa food aid flowing amid coronavirus

Apr 2nd, 2020viaReuters UK - World News

The United Nations food agency has negotiated a humanitarian corridor to keep food aid flowing in southern Africa after many countries shut their borders to stop the spread of the coronavirus, an official said on Thursday.

Coronavirus: Confirmed global cases pass one million

Apr 2nd, 2020viaBBC - Front Page

More than a million cases of coronavirus have been registered globally, according to the latest figures from Johns Hopkins University - another grim milestone as the world grapples with the spreading pandemic. More than 51,000 people have died and more than 208,000 have recovered, according to the university's figures.

 

To read more from DWF on COVID-19 visit our insights hub >

Further Reading

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