Friday, May 15, 2020

[Preview] US Housing Market in focus in week ahead

[Preview of data in week ahead]
This week US economic data will provide a deep dive into the health of
the housing industry.

And it's unlikely to provide positive reading.

Nick Harper reports from Washington.

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RATE OF TRANSMISSION RISES IN UK

Steps to ease the lockdown in England have been brought into question after the transmission rate of the coronavirus increased in the UK. 

This weekend is the first since certain rules have been relaxed but seaside resorts and nature reserves have urged people not to visit.  

Holly Hudson has more. 

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US retail sales plunge as coronavirus continues to take economic toll.

US retail sales plunged a record 16.4 percent in April, as the coronavirus pandemic continues to drive economic decline. 


The drop was far worse than expected.


Kate Fisher reports from Washington.


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US aims to cut off Huawei trade

In another blow to US-China trade tensions, the Trump administration
is preparing to block shipments to Chinese telecoms giant Huawei.

It comes as the US granted Huawei another extension allowing Americans
to continue doing business with the Chinese company.

Nick Harper reports from Washington.

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Nearly 70% of US parents not ready to send children back to school

A poll shows most Americans are not ready to send their children back to school.

It comes after President Donald Trump said schools closed because of
the coronavirus should "absolutely open" in the fall.

Sarah Walton reports from New York.

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GERMAN ECONOMY GOES INTO RECESSION

Germany's economy has gone into recession after shrinking 2.2% for the first quarter as Europe's largest economy felt the impact of the coronavirus pandemic.

However, so far Germany has weathered the storm better than some other European countries. 

Ira Spitzer has more from Berlin.

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Brexit talks faltering, according to punchy statements by UK and EU Chief Negotiators

The Chief Brexit Negotiator, David Frost, believes "very little progress" has been made between Britain and the EU in post-Brexit talks. 


Both sides have just completed the third round of negotiation, but Mr Frost stated that "significant outstanding issues" still remain. 


From London, Benji Hyer reports. 


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Russian football to return in June

Russian football will return in June after being halted during the coronavirus pandemic. The governing body has announced the current Premier League season will be completed, even though cases of the virus continue to surge. Lucy Taylor reports. 


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More people dying in care homes than hospital in UK

More than a third of care homes in England have now recorded a coronavirus outbreak. 


That number is as high as 40% in London, and Public Health England data shows almost every district in the country now has had an outbreak in at least one care home.


From London, Benji Hyer reports. 


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World Bank approved $1 billion dollars to help India fight COVID19

The World Bank has pledged 1 billion US dollars to help provide social security to the country's poor and migrant workers.

Previously, the World Bank announced it will spend 1 billion dollars to help support India's healthcare setup.

Neha Poonia has more.

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WHO Seeks Reason Over Expelled Staff in Burundi

SUGGESTED LEAD

The World Health Organization says it's talking to authorities in Burundi  to understand why its staff was expelled.

Burundi ordered the country's WHO representative and three other staff to leave the country days prior to the national election.

Isabel Nakirya reports

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UK GOVT PRESSED BY UNIONS OVER SCHOOLS RETURN

The UK government's scientific advisers are meeting teaching unions on Friday to discuss how children will return to school.

It's been arranged by the education secretary, who says they have a "duty" to allow some pupils in England to go back next month.

But the Local Government Association says there should be more flexibility and some teachers have concerns about safety.

Rachel Venables reports from London.

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Moscow begins mass antibody testing

Moscow has announced a new mass testing programme, beginning today [MAY 15]. Tens of thousands of people a week will be offered tests for coronavirus antibodies, to help authorities work out the rate of the virus in the population. Moscow Correspondent Lucy Taylor reports.


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Indian train passengers turned away from Bangalore after quarantine protest

Nineteen passengers who travelled to the Indian city of Bangalore from Delhi were sent back on a train after they refused to go into compulsory quarantine.

Very limited rail services resumed in India this week as a nationwide lockdown continues in the country to try to contain the spread of the coronavirus.

Our India correspondent Rebecca Bundhun reports.

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Authorities Call for Probe into Milk Formula Scare

Authorities in China have called for a thorough investigation into a case of protein powder being sold as baby formula.

Reports say several children in Hunan province have developed swollen heads after drinking a powdered drink called Beianmin.

Patrick Fok reports from Beijing.

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S. Korea's Moon pledges to improve online learning amid pandemic

South Korean President Moon Jae-in has pledged to support teachers holding online courses for millions of students across the country. A recent spike in coronavirus cases in Seoul means schools will remain closed even longer because of the pandemic.

Bruce Harrison reports from Seoul. 

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Thursday, May 14, 2020

U.S. markets rally despite more bleak jobs data

Wall Street posted substantial gains on Thursday despite the release
of more bleak jobs data.

Instead investors are focusing on businesses reopening across the
county and the prospect of more stimulus measurers.

William Denselow reports from New York.

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UK GOVERNMENT BAILOUT TRANSPORT FOR LONDON

The UK government has agreed a bailout of £1.6bn to keep bus and tube services going in London. 

It follows warnings from the city's Mayor that they'd have to be cut without emergency funding. 

Holly Hudson has more. 

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U.S. government whistleblower immunologist warns America "running out of time"

The United States faces its “ darkest winter in modern history” unless the Trump administration gets the coronavirus pandemic under control- that’s according to top immunologist and government whistleblower Dr. Rick Bright, in testimony to U.S. lawmakers earlier [ Thursday].

Wearing a protective mask, the widely-respected scientist (who was driven out of his job after warning the Trump administration to prepare for COVID-19), said time is running out.

Nina-Maria Potts has more:

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Wisconsin Supreme Court votes against extending governor's stay-at-home order

The conservative majority on the Supreme Court in the US state of Wisconsin has voted against the Democratic governor's decision to extend a stay-at-home order, aimed at curbing the spread of coronavirus.


The debate over when to reopen America has increasingly become a partisan - with Republicans from the White House down pushing for an end to the shutdown.


From Washington, Kate Fisher reports


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