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World Coronavirus Dispatch: Tally Of Global Cases Goes Past 2 Million

extends lockdown till May 3: Germany has won plaudits for its aggressive measures to address fallout from the virus, even as its economy has plunged into a deeper recession than it did during the global financial crisis a decade ago. Comprehensive testing and protecting more vulnerable members of society have resulted in a lower fatality rate in Germany than many other affected countries. Read more here.

JPMogan sets aside $8.29 billion for bad loans: This is the biggest provision in at least a decade and more than double the amount some analysts expected. The US bank’s profits for the March quarter one also down 69 per cent, mostly driven by provisions. Read more here.

Hyundai restarts car plants in and Czech Republic: South Korea’s Hyundai has begun resuming operations at Eurasian plants which have been shut down for weeks. It has started its Russian assembly plant in St Petersburg, followed by a reboot of the factory in the Czech Republic. Hyundai intends to recommence its Turkish plant on April 21. Read more here.

Trump freezes funding to WHO: US President Donald Trump has directed his administration to freeze funding to the World Health Organization, claiming the body didn’t deliver adequate early reports on the virus which cost the US valuable response time. Read more here.

World Coronavirus Dispatch: Tally Of Global Cases Goes Past 2 Million Stories

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