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06/05/20 COVID-19 Global News Update

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

Global Business/Economy

Australia targets COVID-19 safe economy by July

May 6th, 2020viaReuters UK - Top News

Australia will have a COVID-19 safe economy up and running by July, Prime Minister Scott Morrison said on Wednesday, as his government seeks to get one million unemployed people working again.

Disney suffers $1.4bn hit due to coronavirus

May 5th, 2020viaBBC - Front Page

Walt Disney Co suffered a $1.4bn (£1.1bn) hit to profits in the first three months of the year, as it closed its parks, cancelled movie releases and reduced advertising sales.

Tennis world commits over $6 million for COVID-19 player relief program

May 5th, 2020viaReuters UK - UK Sports News

(Reuters) - Tennis’s governing bodies and the organisers of the four Grand Slams said on Tuesday they will raise over $6 million (4.8 million pounds) to help players affected by the sport’s current shutdown due to the COVID-19 pandemic.

French insurer AXA warns coronavirus to have material impact on 2020 earnings

May 5th, 2020viaReuters UK - Business News

PARIS (Reuters) - French insurer AXA AXA.PA said on Tuesday that the coronavirus crisis would have a material impact on its 2020 earnings and said that it could face around 500 million euros in claims for events cancellations.

UK Business/Economy

Coronavirus: Sheep shearing hit by lack of overseas workers

May 5th, 2020viaBBC News - Coventry & Warwickshire

Some sheep farmers have said they are facing difficulties as coronavirus has left them unable to bring over shearers from Australia and New Zealand. One shearing firm said it had given up a quarter of its work because it had been unable to bring in foreign staff.

Coronavirus: Firms ready to restart within three weeks

May 5th, 2020viaBBC - Front Page

Most firms reckon they could be ready to restart business with just three weeks' notice. That's according to the latest British Chambers of Commerce Coronavirus Business Impact Tracker.

Coronavirus: Chancellor to announce plans 'to wind down furlough scheme from July'

May 5th, 2020viaThe Independent - News

Chancellor Rishi Sunak reportedly set to announce plans to taper off the government's furlough scheme, which is supporting workers staying at home during the coronavirus outbreak.

Coronavirus: Executive approves £40m grants for small firms

May 5th, 2020viaBBC World - Northern Ireland

The NI Executive has approved a £40m scheme for small businesses which have not so far qualified for coronavirus grant support.

General UK News

Coronavirus: Carers facing 'growing poverty crisis' during pandemic, MPs warned

May 6th, 2020viaThe Independent - News

Letter to MPs from 100 charities and unions warns 'inadequate' social security system and low wages has left both paid and unpaid carers 'languishing in poverty for years'

Coronavirus: How might lockdown end and what will be the 'new normal'?

May 5th, 2020viaBBC News - Shropshire

When the government eases restrictions, how will social and work life be different?

Coronavirus: Social workers brace for a surge in child protection referrals when schools re-open

May 5th, 2020viaThe Independent - News

Social workers are bracing for a surge in referrals of vulnerable children when schools re-open again as abuse and neglect suffered by youngsters in their homes goes unnoticed during the coronavirus pandemic.

Coronavirus: New NHS contact-tracing app vulnerable to 'malicious false alerts', warn experts

May 5th, 2020viaThe Independent - News

The new NHS contact-tracing app could be used to send malicious alerts causing people to isolate unnecessarily, it has been warned.

Coronavirus: Prof Neil Ferguson quits government role after 'undermining' lockdown

May 5th, 2020viaBBC - Front Page

Prof Neil Ferguson has quit as a government adviser on coronavirus after admitting an "error of judgement". Prof Ferguson, whose advice to the prime minister led to the UK lockdown, said he regretted "undermining" the messages on social distancing.

Global Situation

Coronavirus: White House plans to disband virus task force

May 5th, 2020viaBBC - Front Page

US Vice-President Mike Pence has said the White House coronavirus task force could be disbanded this month because of the country's "tremendous progress".

Official Guidance/Reports

Official Statistics: Coronavirus and the effects on UK labour market statistics

May 6th, 2020viaGov.UK News

This paper aims to provide an overview of how the global outbreak of COVID-19 and the wider containment efforts is expected to impact upon the UK Labour Market; providing some of the practical challenges that ONS are likely to face.

Official Statistics: Coronavirus and the effects on UK GDP

May 6th, 2020viaGov.UK News

Aims to provide an overview of how the global outbreak of COVID-19 and the wider containment efforts is expected to impact upon UK gross domestic product (GDP) in theory and provides some of the practical challenges that National Statistical Institutes are likely to face.

Official Statistics: Coronavirus and the effects on UK prices

May 6th, 2020viaGov.UK News

This article sets out our plans for data collection, compilation and publication of our various prices statistics following the implementation of social distancing policies and movement restrictions, brought into effect on 23 March 2020, as a result of the COVID19 pandemic.

5G and coronavirus (COVID-19)

May 5th, 2020viaUK Government (gov.uk) - Response to Coronavirus (COVID-19)

There is no evidence of a link between 5G and coronavirus (COVID-19).

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

Further Reading

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