The US will publish details of its plan for 14-day quarantine on all overseas arrivals, effective June 8. Prime Minister Boris Johnson aims to reorganize the agenda of his government with financial reports and speeches on the post-pandemic landscape.
China said one new virus case was imported, and South Korea reported 49 new cases, mostly around Seoul, with one more death. Indonesia said its budget deficit would widen, while Lion Air carried out unlimited flights.
• Virus tracker: The case passed 6.38 million; deaths exceeded 380,300
• German unemployment hits the highest level since 2015
• The injured European economy is starting to recover slowly
• The South African Court called the locking rules unconstitutional
• The latest about a high-speed race to get vaccines
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Germany Aims to Reactivate EU Travel (4:40 p. HK)
The German government approved a plan that paves the way for cross-board travel warnings to be replaced starting June 15. Instead the cabinet sees appropriate travel recommendations for individual EU countries, as well as Britain and Schengen, which are passport free. area.
Separately, unemployment in the most populous country in Europe reached 2.875 million in May, the highest level since late 2015. Government economists say unemployment could rise above 3 million during the remaining months of 2020.
Standard Life Informs Staff to Work From Home for 2020 (3:56 PM HK)
Standard Life Aberdeen Plc has told most UK staff to work from home for the rest of the year after a pandemic halted the UK economy for almost two months.
The asset manager told 4,900 employees in the US that the majority would not expect to come to office by 2020, according to the June 2 internal memo seen by Bloomberg.
Indonesia sees weaker, bigger growth between fiscal gaps amid viruses (02:54 HK)
Indonesia’s economy may grow less than the estimate has been reduced, and the fiscal deficit will widen, as the government increases its response to the Covid-19 pandemic, the finance minister said.
The current deficit is projected to widen to 6.34% of gross domestic product, said Sri Mulyani Indrawati. That is the last few revisions since the government announced more than two months ago that they had suspended the ceiling of 3%.
The pandemic has rocked the largest economy in Southeast Asia. President Joko Widodo ordered finance chiefs to speed up the recovery program, but he also told them to reduce fiscal risks amid warnings that the country’s credit rating could be in jeopardy.
Man Behind Swedish Strategy Says He Has Experienced Some Wrong Things (2:25 p. HK)
Swedish epidemiologist says more needs to be done in his country to deal with Covid-19 at the start of the outbreak, so that death rates remain low.
“If we face the same disease with the same knowledge that we have today, I think our response will land between what Sweden is doing and what the whole world has done,” Anders Tegnell said in an interview with Radio Sweden.
Tegnell is the brains behind Sweden’s controversial approach to fighting the virus, and Stefan Lofven’s government has submitted to epidemiologists in its official response to the pandemic. With 43 deaths per 100,000, Sweden’s death rate is among the highest globally.
Trump Says GOP ‘Forced’ to Seek New Cities for Party Convention (12:40 PM HK night)
President Donald Trump said Republicans had been “forced to search” for a new city for its national convention, planned for Charlotte, North Carolina, in August, due to the coronavirus restrictions imposed by the state’s governor.
The president, in a series of tweets on Tuesday night, did not say what other cities considered or if the party would definitely resign from Charlotte.
An official of the Republican National Committee, who asked for anonymity to discuss sensitive party considerations, said Trump’s acceptance speech would be held in another city, but the party still hoped to conduct official convention business in Charlotte, if public health rules allowed it.
Australian Economic Contract, Ending Three Decades of Expansion (12:15 p. HK)
Australia’s economy contracted in the first three months of this year, preparing for a halt of almost 29 years without a recession due to an even deeper slowdown looming this quarter.
Gross domestic product fell 0.3% from the last three months of 2019, the first quarterly decline since 2011, dropped by falling household spending, statistics bureau data showed in Sydney on Wednesday. Economists had expected a decline of 0.4%. From the previous year, the economy grew 1.4%, according to forecasts.
The current quarter will see deep contractions, with nearly 600,000 jobs lost in April alone and most economies locked to contain the corona virus.
South African Court Declares Unconstitutional Lockout Rules (12 PM HK)
The court in South Africa ruled that the revised locking regulations adopted by the government as part of a gradual reopening of the economy were unconstitutional and illegitimate, giving the country two weeks to amend them.
The Gauteng High Court Division made an earlier ruling on Tuesday, Cabinet spokesman Phumla Williams said in an email statement. This decision applies to all regulations including the closure of the South African border and the closure of nightclubs and casinos, inter alia, court documents show.
Liberty Fighters, a human rights group based in Pretoria, opposed the regulation after receiving complaints from property tenants who were unable to pay their rent due to lack of work.
China Says New Coronavirus Cases Reported on June 2 Imported (10:10 a.m. HK)
One additional case of coronavirus was reported in Guangdong province, according to a statement from the Chinese National Health Commission.
Four other asymptomatic cases were reported, with two of them coming from abroad. China has 357 cases of asymptomatic corona virus under medical supervision.
China has 83,021 confirmed cases of the corona virus, and total deaths have reached 4,634.
Britain will publish Quarantine Plans for Overseas Arrival (8:14 a.m. HK)
The UK will publish details Wednesday about its plans to impose a 14-day quarantine on all overseas arrivals.
The move, which took effect on June 8, was announced by Interior Minister Priti Patel last month. Aside from the so-called “short list” of offices, it will include all those who arrive in Britain from abroad. They will be asked to fill in a form that says where they will isolate themselves.
Under the government’s plan, officials will conduct a direct inspection to ensure compliance.
Brazil Day of Death Report (6:45 am HK)
Brazil reported a record 1,262 deaths on Tuesday, bringing the total to 31,199. There were also 28,936 new cases reported, pushing the country’s total to 555,383, behind only the US.
The nation with 210 million people has been at the center of the virus in recent weeks. The Brazilian summit has not yet arrived, and “at this time it is not possible to predict when it will arrive,” Michael Ryan, executive director of the World Health Organization Emergency Program, said Monday.
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