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24/04/20 COVID-19 Global News Update

24 April 2020

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

International

Coronavirus-spurred slowdown in Japan prices sparks deflation fears

Apr 24th, 2020viaReuters UK - Business News

Japan’s core consumer inflation eased in March for the second straight month, underscoring fears that slumping oil costs and soft consumption because of the coronavirus pandemic might push the country back into deflation.

U.S. House passes $500 billion coronavirus bill in latest relief package

Apr 24th, 2020viaReuters UK - Business News

The U.S. House of Representatives overwhelmingly approved a $484 billion coronavirus relief bill on Thursday, funding small businesses and hospitals and pushing the total spending response to the crisis to an unprecedented near $3 trillion.

Coronavirus thwarts vulture funds' efforts to finally crack China

Apr 24th, 2020viaReuters UK - Financial Services News

Vulture funds cheering freer access to China’s $1.5 trillion in bad debt have flown straight into a knotty market complicated by coronavirus restrictions, at a time when similar curbs are serving up opportunities in easier, developed markets.

Australia shares flat as dealers weigh coronavirus impact

Apr 24th, 2020viaReuters UK - Financial Services News

Australian shares traded flat on Friday as investors held their bets while they fretted over the economic fallout from the novel coronavirus pandemic and worried that an antidote may not be imminent.

J&J strikes deal with Emergent BioSolutions on coronavirus vaccine manufacturing

Apr 23rd, 2020viaReuters UK - Business News

Johnson & Johnson said on Thursday it had struck a deal with Emergent BioSolutions Inc. to use its manufacturing facilities to help in an effort to make more than 1 billion doses of a vaccine it is testing to stop the novel coronavirus.

U.S. Treasury says will be hard for public companies to qualify for coronavirus relief loans

Apr 23rd, 2020viaReuters UK - Business News

A highly valued public company will have a hard time getting a coronavirus relief loan, the U.S. Treasury said on Thursday, just as Congress was poised to approve a new round of funding for the loans known as the Paycheck Protection Program.

EBRD adds 3 billion euros to coronavirus support package

Apr 23rd, 2020viaReuters UK - Business News

The European Bank for Reconstruction and Development (EBRD) said on Thursday it would boost by 3 billion euros (2.62 billion pounds) a support package to help stricken companies and councils mitigate the economic hit from the coronavirus.

ECB warns EU leaders of doing too little, too late about coronavirus effects

Apr 23rd, 2020viaReuters UK - Business News

The head of the European Central Bank Christine Lagarde warned European Union leaders on Thursday about the risk of doing too little and too late to shield the economy from the effects of the coronavirus pandemic, an official said.


UK

Coronavirus: Virus tests now available to millions of workers

Apr 24th, 2020viaBBC - Front Page

Up to 10 million key workers and their households can now book a coronavirus test online or through their employer.

What will coronavirus mean for the British economy?

Apr 24th, 2020viaThe Guardian - Economics

One month after a national lockdown was declared in an attempt to limit the spread of Covid-19, it is clear that Britain is heading for the deepest recession in living memory.

Coronavirus: Councils warn government bailout cash 'gone now'

Apr 24th, 2020viaBBC Manchester

Councils in England say they have to plug funding gaps worth hundreds of millions of pounds within weeks to avoid "significant" cuts. The coronavirus pandemic has increased councils' costs while income has been lost from services like parking.

Coronavirus: Furloughed workers await first pay packet

Apr 23rd, 2020viaBBC - Wales

Working families across Wales are getting their first pay packets since the coronavirus lockdown started - and for thousands of them it is much less than they are used to.

Coronavirus: Boris Johnson 'could be back at work at No 10 on Monday'

Apr 23rd, 2020viaThe Independent - News

The newspaper, which previously employed Mr Johnson as a columnist, also claimed he has been demanding government papers. However, Downing Street told The Independent the prime minister’s return to duties had not been officially scheduled yet.

Desperation of coronavirus jobless, as lifelong workers struggle to pay rent

Apr 23rd, 2020viaChannel 4 UK - Business News

The Business Secretary today revealed that 2.8 million workers have been furloughed under the government's support scheme.

UK economy crumbling under coronavirus strain; questions mount over lockdown exit

Apr 23rd, 2020viaReuters UK - Business News

The United Kingdom’s economy is crumbling under the strain of the coronavirus lockdown and government borrowing is soaring to the highest levels in peacetime history, increasing pressure on the government to set out an exit strategy.

Consumer confidence teeters on brink of record low during coronavirus lockdown

Apr 23rd, 2020viaCity AM - Business

Consumer confidence plummeted at the beginning of April but held steady for the rest of the month as the UK adjusted to life under lockdown.


Day-to-Day Impact

Coronavirus: Wales lockdown rules tightened over second homes

Apr 23rd, 2020viaBBC - Front Page

Some lockdown rules in Wales are being made stricter to "address challenges being faced in parts of the country", the first minister has said. Updated regulations, announced by Mark Drakeford, make it clear people cannot remain away from the place they live.

NHS limits dialysis supplies for coronavirus patients

Apr 23rd, 2020viaThe Guardian - Health

Hospitals are having to conserve life-saving dialysis fluid in the coming days due to national shortages, as it has been revealed that 28% of coronavirus patients in intensive care who need significant help to breathe also need kidney support.

Coronavirus: State surveillance 'a price worth paying'

Apr 23rd, 2020viaBBC News - Technology

A major increase in state surveillance is a "price worth paying" to beat Covid-19, a UK think tank says. The Tony Blair Institute for Global Change (TBI), founded by the former prime minister, says it could offer an "escape route" from the crisis.


Global Situation

Hungary to scrap curfew, refocus anti-coronavirus defense - PM

Apr 24th, 2020viaReuters UK - World News

Hungary plans to replace the current lockdown that imposes a blanket curfew over the population with a more fine-tuned version from early May, Prime Minister Viktor Orban told state radio on Friday.

Australia will make it a crime to use coronavirus tracing data for non-health purposes

Apr 24th, 2020viaReuters UK - World News

Australia will make it illegal for non-health officials to access data collected on smartphone software to trace the spread of the coronavirus, Prime Minister Scott Morrison said on Friday, amid privacy concerns raised by the measure.

Philippine's Duterte extends coronavirus lockdown in capital Manila to mid May

Apr 24th, 2020viaReuters UK - World News

Philippine President Rodrigo Duterte has extended a strict lockdown in the capital Manila until May 15 to try to contain coronavirus infections, but will ease restrictions in lower-risk regions of the country, his spokesman said on Friday.

China reports six new coronavirus cases in mainland vs 10 a day earlier

Apr 24th, 2020viaReuters UK - Health News

Mainland China reported 6 new coronavirus cases as of end-April 23, down from 10 reported a day earlier, putting the total number of COVID-19 infections at 82,804.

U.S. to test some immigrants for coronavirus before deportation

Apr 23rd, 2020viaReuters UK - Top News

U.S. Immigration and Customs Enforcement (ICE) plans to begin testing some migrants in detention for COVID-19, the disease caused by the new coronavirus, before deporting them to other countries, a U.S. official familiar with the effort said on Thursday.

Covid-19 pandemic casts long shadow as Ramadan starts

Apr 23rd, 2020viaGuardian UK - Middle East News

Festival, normally marked by social gatherings and feasts, will be muted affair under lockdown Ramadan is normally a sociable time, as abstention from food and water during daylight hours gives way to sumptuous meals and gatherings at dusk.

Costa Rica pushes back coronavirus, reducing current cases

Apr 23rd, 2020viaReuters UK - Health News

While parts of Latin America enter the toughest phase of the coronavirus pandemic, Costa Rica has for the past week reported a steady fall in the number of people currently infected, in a sign the country’s approach to the crisis may be paying off.

Ecuador's coronavirus case total is twice as high as confirmed: minister

Apr 23rd, 2020viaReuters UK - Health News

Ecuador’s health minister said on Thursday the country’s coronavirus case total was twice as high as previously confirmed, as authorities added 11,000 new infections that resulted from delayed testing.

Hopes dashed as coronavirus drug remdesivir fails first trial

Apr 23rd, 2020viaBBC News - Health News

A potential antiviral drug for the coronavirus has reportedly failed in its first randomised clinical trial. There had been widespread hope that remdesivir could treat Covid-19. But a Chinese trial showed that the drug had not been successful, according to draft documents accidentally published by the World Health Organization.

European Athletics Championships in Paris cancelled due to Covid-19

Apr 23rd, 2020viaThe Guardian World News

August event is scrapped and will not be rescheduled Decision casts doubt on Tour de France and French Open.

Czechs lift ban on movement and travel, speed up reopening shops as new COVID-19 cases slow

Apr 23rd, 2020viaReuters UK - World News

The Czech Republic eased restrictions on Thursday aimed at slowing the spread of the new coronavirus after a drop in new cases sparked optimism the outbreak had so far been brought under control.

Coronavirus cases accelerate in Peru to top 20,000, government extends quarantine

Apr 23rd, 2020viaReuters UK - World News

Peru’s reported coronavirus cases rapidly increased this week and topped 20,000 on Thursday, doubling in nine days, as President Martin Vizcarra extended a national quarantine in the world’s No. 2 copper producer.

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

Further Reading

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