Thursday, May 14, 2020

France fears impact of pandemic on summer tourism season

The French prime minister is chairing a meeting on Thursday to finalise the details of a plan to support the country's tourism sector.

As summer approaches, one of the most-visited countries in the world fears the impact on an industry comprising 7% of French economy.

Ross Cullen reports from Paris.

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'RELIABLE' ANTIBODY TEST APPROVED IN ENGLAND

Health officials in England have given approval to an antibody test to show if people have previously had Covid19.

It's being described as a 'very positive development' by the UK's testing co-ordinator Professor John Newton.

Prime Minister Boris Johnson has previously described finding a reliable antibody test as 'game-changing'.

UK correspondent Rachel Venables has more.

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AUSTRALIA: Unemployed rises but far less than experts expected

Australia has seen it's worst monthly rise in the unemployment rate ever.
In April almost 600,000 people lost their jobs as restrictions to limit coronavirus were brought in, and thousands of businesses shut down, whilst many more were badly affected.
Arthur Stevens has more

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Many home-bound migrant workers die in road accidents in India

Several migrant labourers have died in India while attempting to get back to their villages in the midst of a nationwide lockdown.

Millions of migrant labourers have been stranded in Indian cities for over 50 days now with nearly all transport shut.

Neha Poonia has more.

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Trump breaks with Fauci over school closures

President Trump has publicly disagreed with his top public health adviser who claimed that it may be too dangerous for the country's schools to re-open.


The President said Dr. Anthony Fauci's comments, during testimony before a Senate committee, were "unacceptable".


Our Washington Correspondent Simon Marks reports.


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Wednesday, May 13, 2020

Big losses on Wall Street following Fed comments

The U.S. markets posted heavy losses on Wednesday following comments
from the Chair of the Federal Reserve.

Jerome Powell appeared to support greater stimulus measurers but
warned that the U.S. could face an extended period of weak growth.

William Denselow reports from New York.

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COVID-19 - Tanzania’s Central Bank lowers lending rate

The Central Bank of Tanzania (BOT) has cut down the discount rate from 7 percent to 5 percent in the hopes of enabling banks in the country to lower interest rates for their customers.

Isaac Lukando has more from Dar es Salaam. 

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US grocery prices at 50 year high

Americans are paying more for their groceries than they have done in 50 years.  Even as consumer prices dip overall, there have been record hikes in the prices of meat, vegetables and cereals.

Kate Fisher reports from Washington 


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EU unveils plans to reboot tourism and travel sector

The EU has set out its plans to reopen the travel and tourism business this summer. 

The Commission has proposed a set of guidelines to help countries lift border restrictions within the EU's internal borders. 

This would involve travel between so-called 'green zones' - countries with similar low COVID19 risk profiles - and health checks at border crossings. 

EU Commission Vice President Margrethe Vestager (VEST-AYE-YER) says member states need to work together: 

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Federal Reserve chair warns of extended period of weak growth

The Chair of the U.S. Federal Reserve warns the country could face an
extended period of weak growth.

The Covid-19 outbreak has triggered an economic crisis and Jerome
Powell says more stimulus measures could be needed.

William Denselow reports from New York.

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Trump's former campaign manager Paul Manafort released from jail due to coronavirus fears

President Trump's former campaign manager Paul Manafort has been released from prison due to the risk of contracting Covid-19.


Mr. Manafort will continue to serve his 7 year sentence in home confinement.


Our Washington Correspondent Simon Marks reports.


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Pompeo attacks China, praises Israel over Covid-19 information

US Secretary of State Mike Pompeo has again attacked China for its
alleged lack of transparency over coronavirus information.

The Trump administration claims China covered up the severity of the
virus and withheld vital information that would have helped other
countries.

Nick Harper reports from Washington.

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UK RELAXES LOCKDOWN AMID ECONOMIC DECLINE

After seven weeks the UK Is entering a more relaxed lockdown.

It's seen a sustained decrease in the rate of infection and number of deaths for nearly a month.

But it's clear the economic impact of the lockdown has been extreme - as GDP falls by over 2%.

Stuart Smith has more from London.

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PM Modi announced that Lockdown 4 in India would be completely different

Indian Prime Minister Narendra Modi announced the fourth phase of the nationwide lockdown, with different rules to previous weeks.

Details of the new regulations will be released before the expiration of phase three on May 17th.

Sreoshi Mukherjee reports..  

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UK GDP SHRINKS 2% IN Q1

UK GDP fell 2% in the first quarter - that's the fastest the British economy has shrunk since the global financial crisis.

The figures show a decline across services, manufacturing and construction sectors.
Quarter 2 is expected to see a far greater fall in GDP numbers.

Former Bank of England Monetary Policy Committee member Andrew Sentance says the UK is headed into a recession.

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India announces $266 billion stimulus package to battle COVID 19

Intro:

India is getting a $266 billion fiscal stimulus package.

Prime Minister Narendra Modi says the relief package will be wide-ranging and will benefit businesses, middle-class families and workers alike.

Ishan Garg has more from New Delhi.

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EU to announce tourism and travel guidelines

Brussels will announce how it plans to restore freedom of movement in Europe, with a framework on tourism and transport in 2020 and beyond. 

The Commission is said to be looking at a 'phased and coordinated approach' to lifting restrictions within the EU's internal borders.

Lucy Hough is our correspondent in Brussels.

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LG Chem sends team to look into toxic gas leak at India plant

South Korea's LG Chem has sent a delegation to India to investigate the cause of a deadly gas leak that took place at its plant in south India last week.

11 people were killed and hundreds more were hospitalised due to the toxic gas leak.

Our India correspondent Rebecca Bundhun reports.

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Japan set to approve antigen test kits

Japan is set to approve its first antigen test kits on Wednesday to boost the number of diagnostic tests available to the public. As our correspondent Grace Lee explains, the tests will produce quicker results - but aren't as accurate.


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China Reports Six New COVID-19 Cases in Jilin

Jilin Province in North Eastern China is fast-emerging as a potential source of a new wave of coronavirus infections in the country.

Authorities have reported six new cases of infections there and are tightening measures to contain the spread.

Patrick Fok reports from Beijing.

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