COVID-19: 40 Countries Pledge €7.4bn for Vaccine Research, Dev’t – WHO

Dr. Tedros Ghebreyesus, the Director-General of World Health Organisation (WHO), says leaders from 40 countries have pledged to support research and development for vaccine, diagnostics and therapeutics with 7.4 billion euros. Ghebreyesus disclosed this at a news conference on Monday in Geneva, explaining that the fund would be used to carry out activities for COVID -19 research and development. In a speech posted on the WHO website, Ghebreyesus was quoted as saying: “ACT Accelerator, to...

Multiple European Countries Take Steps to Relax Coronavirus Rules

Scores of European countries further relaxed coronavirus restrictions on Monday, with experts the world over – and residents of those countries affected – waiting to see if they strike the right balance between safety and openness. We take a look at some of the changes, although this is by no means a comprehensive list. In Austria, some 100,000 final-year students returned to vocational and high-schools for the first time since mid-March. Also on Monday, elderly...

UK says China Has Questions to Answer Over Coronavirus Outbreak

Britain said on Monday that China had questions to answer over the information it shared about the novel coronavirus outbreak, but refused to comment on reports that a U.S.-led intelligence consortium had accused Beijing of a cover-up. The U.S. has scaled up its rhetoric over Chinese culpability for the coronavirus in recent days, with U.S. Secretary of State, Mike Pompeo, saying on Sunday there was evidence the disease emerged from a Chinese lab. Washington has...

French Govt. Under Fire for May 11 Lockdown Exit Plan

The French government on Monday faced mounting questions and criticism about its plan to gradually ease the country’s coronavirus lockdown starting on May 11. Paris Mayor Anne Hidalgo and more than 300 other mayors in the Ile de France region around the capital demanded that the government postpone the planned return for some schoolchildren on that day. French schools have been closed since mid-March. Education Minister Jean-Michel Blanquer says some 4 percent of children have...

Italy’s Virus Deaths Drop to 174 on Eve of Lockdown Easing

Italy’s daily COVID-19 death toll fell to the lowest level in nearly two months on Sunday, the eve of the first easing of a strict novel coronavirus lockdown. The death tally rose by 174 to 28,884, the Civil Protection Agency said in its daily bulletin. The last time daily fatalities were below that figure was on March 10, with 168 deaths. March 10 was also the start date of the lockdown. The total number of...

Pakistani Govt. Allocates 50bn Rupees to Pay 3-Month Electricity Bills of SMEs

The Pakistani government has allocated 50 billion rupees (about $309.2 million) to pay three-month electricity bills of small and medium-sized enterprises (SMEs). This is in a bid to support traders in mitigating their financial loss in COVID-19 outbreak and subsequent lockdown, local media reported Friday. Realising the woes of the SMEs, the government has allocated the money to provide relief in electricity bills, local daily the News quoted the country’s Minister for Industries and Production,...

Japan preparing to extend Coronavirus Emergency for About a Month — Sources

Japan is preparing to extend its state of emergency over the novel coronavirus, originally set to end on May 6, for about a month, government sources said on Thursday. Japan is planning to extend the state of emergency even as some other countries begin to reopen after strict lockdowns. Japanese Prime Minister Shinzo Abe told parliament that he would consult infectious disease experts on whether to extend the emergency, which he declared on April 7...

Shell Cuts Dividend for First Time Since 1940s as Oil Demand Collapses

Royal Dutch Shell RDSa cuts its dividend for the first time in 80 years and suspended the next tranche of its share buyback programme following the collapse in global oil demand due to the coronavirus pandemic. Chief Executive Ben van Beurden said this in a statement issued on Thursday in London. “Given the continued deterioration in the macroeconomic outlook and the significant mid and long-term uncertainty, we are taking further prudent steps to bolster our...

COVID-19 Pandemic Shatters Olympics Plan, Japan’s PM says

Prime Minister Shinzo Abe said on Wednesday that the Tokyo Olympics may not take place next year unless the coronavirus pandemic is contained. His comment has come as the Japanese capital city’s governor requested an extension of Japan’s state of emergency. The International Olympic Committee (IOC) and the Japanese government last month postponed the Games until July 2021 because of the coronavirus crisis. With the epidemic’s worldwide infection rate climbing and experts suggesting a vaccine...

Construction Site Fire in South Korea Kills at Least 38

A fire at a construction site in South Korea killed at least 38 people and injured another 10 on Wednesday, fire authorities said. The fire broke out when workers were building a warehouse in the city of Icheon, about 80 kilometres (50 miles) southeast of Seoul, they said. They said, “rapid combustion” occurred while workers were working on an underground level of the warehouse, adding that they are investigating the cause of the blaze. A...

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