FACTBOX-Latest on the worldwide spread of the coronavirus
While several countries go ahead with further relaxing restrictions imposed to contain the coronavirus, more evidence has been pouring in about the damage the pandemic has inflicted on economies around the world.
DEATHS AND INFECTIONS * More than 5.84 million people have been reported infected with the novel coronavirus globally and 360,091 have died, according to a Reuters tally as of 1411 GMT on Friday.
* For an interactive graphic tracking the global spread, open https://tmsnrt.rs/3aIRuz7 in an external browser. * For a U.S.-focused tracker with state-by-state and county map, open https://tmsnrt.rs/2w7hX9T in an external browser.
* For Eikon users, click on MacroVitals cpurl://apps.cp./cms/?navid=1592404098 for a case tracker and a summary of developments. EUROPE
* The European health regulator has vowed to conduct a speedy review of Gilead Sciences' potential COVID-19 drug, remdesivir, but said it has not yet received an application from the U.S. drugmaker. * Healthcare professionals should closely monitor COVID-19 patients who are receiving malaria drug hydroxychloroquine, given the serious side effects associated with the medicine, the European health regulator said.
* Norway and Denmark will resume free travel between the two Nordic countries from June 15, Norway's Prime Minister said. * The Spanish government will discuss with various political parties whether to seek another extension to a state of emergency beyond June 7, government spokeswoman Maria Jesus Montero said, as the country reports first suspected imported coronavirus cases since March.
* Ukraine is expecting the International Monetary Fund (IMF) to approve a $5 billion loan package on June 5 and to disburse the first tranche of $1.9 billion the next day, Prime Minister Denys Shmygal told Reuters. * Swedish high schools will re-open for on-site education on June 15 after having been closed since mid-March, the prime minister said.
AMERICAS * U.S. hospitals said they have pulled way back on the use of hydroxychloroquine, the malaria drug touted by President Donald Trump as a COVID-19 treatment, after several studies suggested it is not effective and may pose significant risks.
* New York Mayor Bill de Blasio on Thursday outlined the first steps for reopening the United States' most populous city, envisioning up to 400,000 people heading back to their workplaces. * Brazil's Economy Minister Paulo Guedes said that the government would continue pushing through economic reforms and increasing the supply of credit as it seeks to revive an economy which just shrank at its fastest rate in almost five years.
ASIA-PACIFIC * China's central bank said that it would step up evaluation of financial risks as the coronavirus has brought challenges to the economy and the country's financial development.
* The World Bank said it has approved a $250 million loan for Indonesia, helping the Southeast Asian country plug a ballooning fiscal deficit. * A pharmaceutical company in Pakistan plans to import the antiviral drug remdesivir, which has shown promise in treating coronavirus patients, from neighbouring Bangladesh, it said in a stock exchange filing.
* A troop of monkeys in India attacked a medical official and snatched away blood samples of patients who had tested positive for the novel coronavirus, authorities said. * South Korean health authorities said they would request imports of Gilead Sciences Inc's anti-viral drug remdesivir to treat COVID-19, as new outbreaks of the disease flare as social distancing restrictions are eased.
MIDDLE EAST AND AFRICA * The United Arab Emirates will shorten from Saturday by two hours a nightly curfew meant to prevent the spread of the novel coronavirus, the country's state news agency said.
* Turkey resumed some mass prayers at a limited number of mosques after a break of more than two months, as Ankara continued to ease restrictions. * A craze for homebrewing has swept across South Africa since the government banned the sale of alcohol to help hospitals and keep order during the coronavirus lockdown.
ECONOMIC FALLOUT * Global stock markets fell and safe havens such as bonds and the Japanese yen gained, as investors awaited Washington's response to China tightening control over the city of Hong Kong.
* U.S. consumer spending suffered another month of record decline in April as the pandemic undercut demand, buttressing expectations that the economy could contract in the second quarter at its steepest pace since the Great Depression. * Chile's unemployment rate hit 9% between February and April versus the same period a year ago, the government said.
* Irish retail sales plunged 43.3% year-on-year in April as households saved money at a record rate during the first month to capture the full coronavirus-related shutdown of the economy, data showed. * Brazil's economy contracted by 1.5% in the first quarter of the year, government statistics agency IBGE said, as the coronavirus outbreak in March triggered the steepest quarterly drop in almost five years.
* Portugal's once-booming tourism sector collapsed in April as lockdowns grounded flights and kept visitors from the country's largest market Britain away. * Italy's economy shrank 5.3% in the first quarter from the previous three months, national statistics bureau ISTAT said, the steepest drop in gross domestic product since the current series began in 1995.
Google News