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Germany is considering retaining subsidies for jobs protect for longer than a spike in cases in recent weeks increases the spectacle of renewed restrictions on economic activity. Elsewhere in Europe, Italy and Spain told nightclubs to close and France’s public health bureau warned that all of the country’s Covid-19 indicators were trending upwards.
Singapore announced an additional $ 5.8 billion in fiscal incentives to curb the pandemic’s economic fallout. new Zealand his national election was delayed by four weeks due to concerns about its coronavirus outbreak. Hong Kong extended its social distance measures for a week.
Fatalities of the US are more than 1,000 for the fifth consecutive day, although cases are slow. Australia had its deadliest day, and the deaths of India fell 50,000. IN cluster of infections of giant churches in South Korea again worries that the country could become a hotspot again.
Key Developments:
- Global Tracker: Global Fall Top 21.6 Million; deaths exceed 775,000
- The fading economic rebound of Europe thwarts hope for V-shape recovery
- Virus leaves thousands migrant workers stranded in Russia
- A think tank said the UK risks creating 2 million jobs in danger
- Approximately 1,000 new hotels still open during the pandemic
- Vaccine Tracker: Where we’re in the race for Covid-19 protection
Subscribe to a daily update on the virus from Bloomberg’s Prognosis team over here. Click on CVID on the terminal for worldwide data on cases and deaths of coronavirus.
German Finance Minister looks for relief (4:59 a.m. in NY)
German Minister of Finance Olaf Scholz extend proposed subsidies to maintain jobs for up to 24 months. The measure would cost the government an additional 10 billion euros ($ 12 billion).
The country relaunched short-term compensation to protect workers and businesses from massive cuts during the pandemic. The benefit, normally limited to 12 months, initially covers as much as 67% for households with children and gradually increases over the months.
Europe Travel Shares Fall Again (4.38 am NY)
Travel companies belonged to Europe major falls in the stock market on Monday, extending Friday’s decline, following updates of Covid-19 restriction of major tourist destinations.
TUI AG has canceled trips to Spain and the Balearic Islands until August 24 on the advice of German governments to avoid non-essential travel there. Shares were up more than 4% on Monday after a drop of 8% on Friday.
Singapore adds $ 5.8 billion to coastal virus fallout (3:59 h)
Singapore is set to pump an extra S $ 8 billion ($ 5.8 billion) in fiscal stimulus to kiss the economic fallout of the pandemic, Deputy Minister Heng Swee Keat said in a speech against the nation.
The latest measures are to support jobs and create new ones, provide further support for sectors hardest hit, and position the country for growth opportunities in a post-Covid-19 world, Heng said. The new measures should be funded by redeployment of funds from other areas, such as development expenditures that were delayed due to the pandemic.
Hong Kong expands all social distance measures (3:55 pm HK)
The Hong Kong government extended all existing social-distancing measures for a week until Aug. 25. The measures include a ban on dinner in restaurants at 18.00 to 04.59 hours, a limit of two persons at tables, a two-person requirement for public gathering and mask.
“At present, the dire epidemic situation leaves no room to relax the social distance measures,” a spokesman said in a statement.
Hong Kong should be prepared for a possible winter stop as a fourth wave coincides with the usual flu season, the spokesman said.
Philippines Eyes Open Reopens Despite Virus (2:59 PM HK)
The Philippines is looking further reopening their economy, even as coronavirus infections continue to increase, after an interview revealed that adult unemployment was at a record high last month.
The government wants to allow more economic activity and expand aid to small businesses to 27.3 million Filipinos in a Social Weather Stations survey in July saying they were unemployed, said Presidential spokesman Harry Roque.
President Rodrigo Duterte will announce whether to extend or reduce the restrictions before the stricter sidewalks are implemented in metropolitan Manila and nearby provinces on Tuesday, Roque said.
Novavax launches fax test in South Africa (2:42 AM)
Novavax Inc. announced the start of a Phase 2b clinical trial in South Africa to evaluate the effectiveness of its Covid-19 vaccine candidate. Dr Shabir Madhi, Professor of Faxinology at Wits University, will lead the trial, which is supported in part by a $ 15 million grant from the Bill & Melinda Gates Foundation.
Europe’s largest smoke processor export processor (1:55 hrs)
Danish Krone, the largest exporter of pork in Europe, will again an abattoir in Denmark after an outbreak of Covid-19 among staff was brought under control. Danish Crown shut down plant a week ago after more than 140 of its 850 workers tested positive for the virus.
That figure has since fallen slowly and the company said on Sunday that it had registered about 20 new cases in the past week. The outbreak at the plant, which normally processes about 62,000 barges weekly, has led to exports to China.
India’s Death Toll Tops 50,000 (12:59 pm HK)
India reported 941 additional deaths, bringing the death toll from the country above 50,000. India has the fourth-highest death toll worldwide, after surpassing the UK’s talent last week. The spread of Covid-19 is accelerating through the second most populous country in the world, with the total number of confirmed cases at more than 2.6 million, the third most in the world.
Singapore steps up to air force measures (12:45 pm HK)
Air crews of Singapore carriers returning from overseas as of August 20 will have to undergo Covid-19 tests on top of existing health and safety protocols already in place, the Singapore Civil Aviation Authority said. There have been no positive cases under Air Force carriers of Singapore for more than three months.
Students to return to Australia (11:31 a.m. HK)
Australia has approved one pilot program for 300 international students to enter the country, providing a potential lifeline for the sector A $ 38 billion ($ 27 billion) defeated by the pandemic.
South Australia had prepared for the arrival of about 800 students under an earlier proposal in July, but the plans were delayed by an outbreak of Covid-19 in neighboring Victoria and the closure of state borders. Similar pilot programs in Canberra and Victoria were also postponed as emerging events in Melbourne alarmed the nation.
South Korea reports 197 additional cases (10:40 AM)
South Korea on Monday reported 197 more cases of coronavirus, amid a flare-up of infections. The country warned over the weekend of another mass infection after reporting the highest number of cases of coronavirus since early March, most linked to an outbreak at a church in the capital.
Malaysia finds cases with more infected strain (8:27 p.m. HK)
Malaysia has a strain of the new coronavirus that has been infected 10 times. The mutation has become the predominant variant in Europe and the US, with the World Health Organization saying there is no evidence that the strain leads to a more serious disease.
A paper published in Cell Press said the mutation is unlikely to have a significant impact on the effectiveness of vaccines currently being developed.
Australia has deadliest day with 25 dead in Victoria (7:32 p.m.)
Australia had its deadliest day in the pandemic, with 25 dead in the state of Victoria. The nation’s most populous state, which has imposed a lockdown and night permit in its capital Melbourne, on Monday also reported 282 new cases in the past 24 hours, down from the daily tallies in the 700s in ‘ and late July.
Victoria is isolated from the rest of the nation because other states have closed their borders – threatening to deepen and prolong the economic recession. On Sunday, the Victoria government announced that it would extend a state of emergency until mid-September.
Spain and Italy move to Shut Nightclubs (7:17 pm HK)
The nightclub Amnesia, which remains closed, on July 30 in Ibiza.
Photographer: Jaime Reina / AFP via Getty Images
Spain will start closing night spots this week after being blamed for spikes in cases that issued new travel warnings. Suspension of operations was one of 11 measures The Spanish regional governments have agreed to curb the rapid growth of viruses among Europe’s major economies.
Italy also ordered nightclubs to close and broaden rules on wearing protective masks.
Texas Hospitalizations Down (6:50 p.m. HK)
Coronavirus patients in Texas hospitals fell to 6,267, the lowest in seven weeks. Another 143 deaths were reported, up to just under a total of 10,000 deaths. The state added 6,204 new cases, less than the previous day, for a total of 535,042.
New Zealand postpones election (6:23 PM HK)
New Zealand Prime Minister Jacinda Ardern has delayed the general election by four weeks until October 17 when a community outbreak of Covid-19 is lessened.
A recent outbreak of the virus in Auckland has seen the largest city since August 12 shut down with people urged to stay home and businesses that are consumer-oriented. The city, home to nearly one-third of the nation’s 5 million citizens, is a major battlefield for Ardern, as its Labor Party seeks a second term.
– With the help of Jeff Sutherland
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