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07/05/20 COVID-19 Global News Update

07 May 2020

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

International

Small fashion brands in Asia hit by coronavirus impact

May 6th, 2020viaBBC News | News Front Page | World Edition

For Nurul Zulkifli, founder of the Malaysian-based clothing brand Mimpi Kita, now should be the busiest and most profitable time of the year.

Trump to refocus coronavirus task force on economic revival, concedes risks

May 6th, 2020viaReuters UK - Top News

President Donald Trump said on Wednesday his coronavirus task force would shift its primary focus to reviving U.S. business and social life, while acknowledging that reopening the economy could put more lives at risk.


UK

Bank of England warns UK economy could shrink 14% in 2020 amid Covid-19 downturn - business live

May 7th, 2020viaThe Guardian - Economics

Rolling coverage of the latest financial news, as Britain’s central bank publishes its latest inflation report and monetary policy decision Latest: UK could shrink 25% this quarter, Bank warns BoE also leaves interest rates at record lows Coronavirus

Coronavirus: Ministers launch hardship fund for dairy farmers

May 6th, 2020viaBBC - Front Page

Dairy farmers in England can apply for up to £10,000 in cash payments under a scheme to support the industry during the coronavirus pandemic. Demand for dairy products in the hospitality sector has dropped with the closure of many cafes and restaurants.

BT scraps dividend as Covid-19 and full-fibre hit profit

May 7th, 2020viaCity AM - News

BT today scrapped its dividend as the coronavirus crisis and full-fibre broadband costs weighed on profit. The telecoms giant said it had taken the “exceptionally difficult” decision to suspend the payout until 2022 and rebase it after that date.

Coronavirus: Businesses 'must adapt' to allow reopening

May 7th, 2020viaBBC - Scotland

She told it is “very difficult” to put a date on when the public will have access to pubs and restaurants.

Coronavirus: NI Executive to discuss plan for easing lockdown

May 7th, 2020viaBBC News - UK

The Northern Ireland Executive will continue discussions later on how and when to relax any lockdown restrictions. Finance Minister Conor Murphy said he hopes a plan will be produced on Thursday, but stressed the executive would not be bound by dates.

Coronavirus: Debenhams to close five stores after lockdown ends

May 6th, 2020viaBBC - Front Page

Debenhams has confirmed that another five stores will not be re-opening after lockdown restrictions are lifted. The department store chain has struck deals with landlords to keep most of its 142 stores open, after it fell into administration for the second time.


General UK News

Coronavirus PPE: Gowns ordered from Turkey fail to meet safety standards

May 7th, 2020viaBBC - Front Page

Some 400,000 surgical gowns ordered from Turkey have not been given to NHS workers because they do not meet British safety standards, the government has confirmed.

Coronavirus: PM to review lockdown restrictions with cabinet

May 6th, 2020viaBBC - Front Page

Boris Johnson will review the UK's coronavirus lockdown with his cabinet later, after suggesting some rules could be eased from Monday. By law the government must review the restrictions every three weeks, and Thursday marks the latest deadline.

Coronavirus: Private renters need more help to 'ride out crisis'

May 6th, 2020viaBBC - Front Page

Thousands of private renters who have lost their jobs could be facing eviction when the coronavirus lockdown ends, the government has been warned. Almost half a million people are at "high risk" of homelessness, according to 187 local councils across England.

Coronavirus: Will offices be safe for a return to work?

May 6th, 2020viaBBC - Front Page

As lockdowns start to ease in many countries, so the tentative return to work begins, leaving people understandably concerned about how safe a space an office will be in the middle of a global pandemic.


Global Situation

Colombia's coronavirus app troubles show rocky path without tech from Apple, Google

May 7th, 2020viaReuters UK - World News

Colombia has removed the contact-tracing feature in its official app for informing residents about the novel coronavirus after experiencing glitches, but aims to rebuild using potentially more reliable technology from Apple Inc and Alphabet Inc’s Google, a government official told Reuters.

EU to propose process for how WHO can learn from Covid-19 outbreak

May 7th, 2020viaThe Guardian World News

The European Union is to put forward proposals for a mechanism to learn from the coronavirus pandemic at the next meeting of the World Health Organization (WHO) but will stop short of calls from the US and Australia for a full international inquiry.

Coronavirus in Kenya: Fearing 'money heists' amid pandemic

May 6th, 2020viaBBC News | News Front Page | World Edition

In our series of letters from African journalists, Waihiga Mwaura writes from Kenya about concerns that money set aside for the fight against coronavirus is being misspent.

Poland's presidential poll postponed over coronavirus

May 6th, 2020viaBBC News | News Front Page | World Edition

Poland governing coalition parties have agreed to postpone this Sunday's presidential election because of the deadly coronavirus outbreak. The nationalist Law and Justice (PiS) party had wanted the vote to go ahead to get Andrzej Duda, 47, re-elected.

Coronavirus: Lockdown bites poor as France eases lockdown grip

May 6th, 2020viaBBC - Front Page

Behind a faded door, in a side-street near Montmartre, a long straggly queue is starting to form. In Paris under lockdown, hotels and restaurants may be deserted but food banks are getting busier. Women with pushchairs, men with umbrellas, everyone a metre apart; there's very little talking.

Portugal NOS's profit slumps as coronavirus hits economy

May 6th, 2020viaReuters UK - Technology, Media and Telecommunications News

Portugal’s second-largest telecommunications company, NOS, posted a loss of 10.4 million euros ($11.22 million) in the first quarter of 2020 due to the impact of the coronavirus, which shut all of the firm’s cinemas and led to a drop in revenue from TV subscriptions.

Iceland close to full recovery from coronavirus - government

May 6th, 2020viaReuters UK - World News

Iceland has all but eliminated the coronavirus outbreak as 97% of infected patients have recovered and only two new cases have been confirmed in the last week, the government said in a statement on Wednesday.

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

Further Reading

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