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The global economy could lose up to $ 8.8 trillion this year, Donald Trump wants to “fully” prepare the United States for future epidemics, and Viola Amherd justifies the financial injection for the sport. The current summary in the ticker.
The most important things of the day in summary:
- According to a study, the United States’ claims against China for the crown pandemic are virtually unlikely.
- The corona virus crisis will result in losses of $ 5.8 to $ 8.8 trillion for the global economy this year.
- In a video conference of the Brazilian government, one of the participants showered without turning off the camera.
- Wall Street plans to reopen traditional commerce on May 26.
8:05 a.m .: China’s industrial production increased significantly
In China, there are growing signs of a gradual improvement in the economic situation after the massive downturn caused by the Corona crisis. Industrial production surprisingly increased significantly in April by 3.9 percent compared to the same month last year, as announced by the National Bureau of Statistics on Friday. It was the first time since the beginning of the year that industrial production was positive.
The increase in industrial production was well above analyst expectations. In a survey by the American news agency Bloomberg, experts had assumed growth of only 1.5 percent. In March, industrial production was still down 1.1 percent. In January and February, the least was 13.5 percent.
However, according to the statistics office, retail sales in April were still 7.5 percent lower than in the same month last year. However, the negative sign was significantly less than in March, when it was still 15.8 percent.
7:05 a.m. – Millions of sports depend on conditions
The Federal Councilor and Minister for Sports of the CVP, Viola Amherd, has defended the millions of euros promised for Swiss sports. “Our two professional leagues in soccer and ice hockey have a very important role in this country,” he told the “CH-Media newspapers” on Friday.
You should think about promoting young people, he explained. The situation cannot be compared to abroad either. “There are hardly any soccer millionaires” in Switzerland, Amherd said.
In addition to that, it was said that politicians conditioned the allocation of taxpayers. “Existing wages must be frozen, and this should be reduced by 20 percent in the next three years,” Amherd emphasized.
The clubs would also have to make an effort themselves, such as setting up a security fund. The sports minister emphasized that it could not be that he lives from hand to mouth. In the future, a certain amount of capital will be needed for professional clubs to help themselves in times of crisis.
Furthermore, according to Amherd told “CH-Media,” one could argue whether aid money should not only be tied to a commitment to promote young talent, but should also include a commitment to promote women in sports. The interview continued.
Image: Keystone
6:06 a.m.: 8.8 billion losses worldwide
The global economy could lose $ 5.8 to $ 8.8 trillion this year. This is the result of an updated estimate from the Asian Development Bank (ADB). That would be 6.4 to 9.7 percent of the world’s gross domestic product. The forecast is more pessimistic than in April. At that time, the ADB had forecast global losses of between two and 4.1 billion dollars. Meanwhile, experts have included the consequences of long-range restrictions in their calculations.
5.40 am: Floor trading on Wall Sreet again from late May
Traditional floor trading on Wall Street in New York will begin again after a break of more than two months due to the coronavirus pandemic. The date of May 26 is in the room.
However, the virus protection requirements should apply, as chief exchange officer Stacey Cunningham (local time) announced in the Wall Street Journal on Thursday. The number of distributors must be reduced. Furthermore, they would have to wear respiratory masks and keep their distance.
Floor trading on Wall Street was suspended in mid-March after one of the people there tested positive for the coronavirus. However, electronic commerce has always continued.
5.05 am: Trump wants to prepare the US USA For future epidemics
The President of the United States, Donald Trump, wants to prepare the United States for future epidemics.
“I am determined that the United States is fully prepared for any future (disease) outbreaks that we hope there will not be,” Trump said Thursday in an appearance in Allentown, Pennsylvania. “Our effort begins with the dramatic increase in our reserves.”
A president will never inherit empty shelves or expired products, at least not for years to come, Trump promised. The White House had previously announced that the government was working on a “fully stocked and resilient national inventory,” which may include protective masks.
Trump accused the previous Barack Obama administration of the crown pandemic of being responsible for his government’s difficulties in starting the crisis, such as initial problems with the evidence that had produced erroneous results.
In late April, Trump said the latest government had left its own “bad and broken evidence” despite the fact that the coronavirus first appeared late last year. Critics accuse Trump of failing to respond vigorously enough to the crisis, leaving the virus largely unprepared for the United States.
Image: Keystone
4.45 a.m. – US lawsuits against China stand no chance
The scientific services of the German Bundestag have expressed skepticism in a report on US claims for damages against China due to the crown pandemic. The 20-page experience commissioned by green MEPs Jürgen Trittin and Ottmar von Holtz states that in this case a state’s failure to do so can hardly be proven as the sole cause of the damage that has occurred.
“Between the outbreak of the virus in China and the specific damage event (for example, a commercial bankruptcy) in the US, there are numerous actions and events that could have had a lasting impact on the damage event.”
1.39 a.m. – naked videoconference participants in the shower
Refreshing moment in Brasilia: Brazilian President Jair Bolsonaro interrupted a video conference with businessmen because a participant, as shown on the screen in the government palace, showered. Obviously he had forgotten to turn off the camera on his computer.
“Hello, Paulo (Skaf, president of the State of São Paulo Fiesp), there is a colleague in the last field that came out,” Bolsonaro said in an audio circulating in Brazil on Thursday. The journalists had followed the conference without the participants knowing it.
The president then addressed the Economy Minister, Paulo Guedes, who was sitting next to him. Calling attention to this, she said, “There is a boy taking a shower. He is naked in isolated house, great. He was probably hot from the conversation when he took a cold shower.
Fiesp President Skaf, who had invited to the conference, apologized in embarrassment. Then Bolsonaro laughed and said: «We saw it, unfortunately. It was a pretty curvy photo. According to the media, the person bathing is said to be an advisor to Fiesp. The conference was on restrictions on public life and the economy in the Corona crisis.
Image: Keystone
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