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23/04/20 COVID-19 Global News Update

23 April 2020

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

International

Developing world economies hit hard by coronavirus

Apr 22nd, 2020viaBBC - Front Page

The world is experiencing a sharp deterioration in economic performance, due to the continuing coronavirus pandemic. Developing countries are certain to be hit hard by what the International Monetary Fund, and others, warn will be the worst downturn since the Great Depression of the 1930s.

Japan's coronavirus shutdowns pummel service, factory sectors - PMIs

Apr 23rd, 2020viaReuters UK - Business News

Japan’s services sector shrank at a record pace in April, while factories also fell quiet across the country due to the widening fallout from the coronavirus pandemic as an economic contraction deepens.

IMF approves $363 mln to help Congo fight coronavirus - statement

Apr 23rd, 2020viaReuters UK - Financial Services News

The International Monetary Fund's (IMF) Executive Board has approved a disbursement of $363 million under its Rapid Credit Facility to help Democratic Republic of Congo confront the impact of the COVID-19 pandemic, the Fund said.


UK Day-to-Day Impact

Coronavirus grant funding: local authority payments to small and medium businesses

Apr 22nd, 2020viaUK Government (gov.uk) - Response to Coronavirus (COVID-19)

Local authorities have received and distributed funding to support small and medium businesses in England during coronavirus.

Coronavirus UK: Universities face £2.5bn tuition fee loss next year

Apr 22nd, 2020viaThe Guardian - Education

Capping the number of students who can attend each British university will not stave off the financial catastrophe that institutions face following the coronavirus outbreak, a report from the University and College Union (UCU) warns.

UK to test prevalence of COVID-19 in general population

Apr 22nd, 2020viaReuters UK - Top News

Britain’s government plans to test a sample of 20,000 English households for COVID-19 in the coming weeks to try to establish how far the disease has spread across the country.

Coronavirus: NI lockdown could lift at different pace, suggests Arlene Foster

Apr 23rd, 2020viaBBC News - UK

Northern Ireland may emerge from coronavirus restrictions at a different pace than other parts of the UK, First Minister Arlene Foster has said. She said measures will be eased when scientific and public health criteria are met, not timetables or dates.

Coronavirus: Easing social distancing rules 'risks second peak'

Apr 22nd, 2020viaBBC - Front Page

Foreign Secretary Dominic Raab warns against lifting the UK's coronavirus lockdown measures too early.


Global Situation

Latest on the spread of the coronavirus around the world

Apr 23rd, 2020viaReuters UK - Health News

Reported cases of the coronavirus have crossed 2.62 million globally and 183,761 people have died, according to a Reuters tally as of 0200 GMT on Thursday.

Saudi government considering more measures to cut spending amid coronavirus outbreak

Apr 22nd, 2020viaReuters UK - Business News

Saudi Arabia’s finance minister said on Wednesday the government was looking at additional measures to reduce spending amidst the coronavirus outbreak. Cuts in expenses on items such as travel, events, tourism, entertainment, sports would lead to savings, Mohammed al-Jadaan said.

U.S. to reopen national parks, follow coronavirus guidelines: Trump

Apr 22nd, 2020viaReuters UK - Health News

The Trump administration plans to reopen the country’s national parks and other public lands in line with coronavirus guidelines, U.S. President Donald Trump said on Wednesday, but gave no other details.

EU 'misunderstandings' push back deal on coronavirus economic recovery

Apr 22nd, 2020viaReuters UK - Business News

It may take European Union countries until the summer or even longer to agree on how exactly to finance aid to help economies recover from the coronavirus pandemic as major disagreements persist, a bloc official said on Wednesday.

Coronavirus: Australia urges G20 action on wildlife wet markets

Apr 23rd, 2020viaBBC - Front Page

The Australian government is calling for the G20 countries to take action on wildlife wet markets, calling them a "biosecurity and human health risk". Australia is not yet calling for a ban - but says its own advisers believe they may need to be "phased out".

China coronavirus cases might have been four times official figure, says study

Apr 23rd, 2020viaThe Guardian - US Network

More than 232,000 people might have been infected in the first wave of Covid-19 in mainland China, four times the official figures, according to a study by Hong Kong researchers.

U.N. chief warns against repressive measures amid coronavirus crisis

Apr 23rd, 2020viaReuters UK - World News

U.N. Secretary-General Antonio Guterres said on Thursday the coronavirus could give some countries an excuse to adopt repressive measures for reasons unrelated to the pandemic as he warned that the outbreak risks becoming a human rights crisis.

Australia says all WHO members should support a proposed coronavirus inquiry

Apr 22nd, 2020viaReuters UK - World News

All member nations of the World Health Organization (WHO) should support a proposed independent review into the coronavirus pandemic, Australia’s Prime Minister Scott Morrison said on Thursday, further threatening strained ties with China.

Too little, too late? Mexico unveils $26 billion coronavirus stimulus

Apr 22nd, 2020viaReuters UK - Business News

Mexico will increase spending on social programs and infrastructure projects by $25.6 billion (20.71 billion pounds), President Andres Manuel Lopez Obrador said on Wednesday, in a delayed attempt to jump-start the coronavirus-hit economy.

Google says state-backed hackers increasing coronavirus phishing attacks

Apr 22nd, 2020viaReuters UK - Business News

Security experts at Alphabet Inc’s Google have identified more than a dozen government-backed hacking groups using the COVID-19 pandemic as cover for phishing and malware attempts.

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

Further Reading