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05/05/20 COVID-19 Global News Update

05 May 2020
Overview of the latest developments on Coronavirus (COVID-19):

International

U.S. SEC eases crowdfunding rules for firms due to coronavirus disruption

May 4th, 2020viaReuters UK - Financial Services News

The U.S. Securities and Exchange Commission (SEC) on Monday said it would provide relief to smaller firms seeking to raise capital via online platforms to meet “urgent funding needs” due to the coronavirus-related disruption.

Coronavirus: US to borrow record $3tn as spending soars

May 4th, 2020viaBBC - Front Page

The US has said it wants to borrow a record $3tn (£2.4tn) in the second quarter, as coronavirus-related rescue packages blow up the budget.


UK

Coronavirus: Nearly one in four UK workers furloughed in past fornight, government data shows

May 4th, 2020viaThe Independent - News

Nearly one in four UK employees have been furloughed in the past fortnight under the scheme to support workers and firms during the coronavirus outbreak, according to government data.

Coronavirus: The hospitality sector needs more support

May 5th, 2020viaCity AM - News

The UK hospitality sector contributes £130bn to GDP per annum and is the third largest employer with 3.2 million workers. The post Coronavirus: The hospitality sector needs more support appeared first on CityAM .

SMMT: UK coronavirus crisis wipes out April car sales

May 5th, 2020viaCity AM - News

New car sales have tanked 97 per cent amid the UK coronavirus crisis, according to new stats from an industry...

Coronavirus: 'UK aviation is facing a death spiral', pilots' union warns

May 4th, 2020viaThe Independent - News

UK aviation is in “a death spiral” and in need of immediate government support to save jobs, the British Airline Pilots’ Association (Balpa) has warned.


General UK News

Coronavirus: First workers to trial NHS tracing app

May 4th, 2020viaBBC - Front Page

If the Isle of Wight trial is successful, the app could be available nationwide within weeks, ministers say.


Day-to-Day Impact

Pregnancy support helplines report dramatic spike in urgent enquiries as coronavirus turmoil puts mothers at risk

May 5th, 2020viaThe Independent - News

Leading maternity care charity finds enquiries to its advice line in March experienced more than a fourfold increase in comparison to the same month last year.

Coronavirus: Lockdown exploits society’s digital divide

May 5th, 2020viaBBC News - London

With schools, libraries and council buildings shut to limit the spread of Covid-19, children who don’t have internet access at home are struggling to learn.


Global Situation

Stranded at sea for months due to Covid-19 and refused port three times, sailor docks in Fiji

May 4th, 2020viaGuardian UK

Wong Tetchoong set off from Singapore in February but the coronavirus pandemic meant he could not find anywhere to dock Coronavirus – latest updates See all our coronavirus coverage A Singaporean man has been rescued after being stranded at sea for three months and being turned away from three countries ...

New Zealand records no new coronavirus cases for a second day

May 5th, 2020viaReuters UK - World News

New Zealand recorded no new coronavirus cases for a second day in a row on Tuesday, and Prime Minister Jacinda Ardern said the outcome of her discussions with Australia on a travel bubble between the two countries would be announced later in the day.

Six dead as plane carrying coronavirus aid crashes in Somalia

May 4th, 2020viaReuters UK - World News

A plane carrying aid supplies for use in the fight against the coronavirus crashed in Somalia on Monday, killing all six people on board, the Somali transport minister said.

U.S. targets fraud in coronavirus antibody test market with tighter rules

May 4th, 2020viaReuters UK - Health News

The United States on Monday began requiring antibody tests for the new coronavirus to undergo a regulatory agency review, acknowledging that its earlier policy had opened the door to fraud.

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

Further Reading

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