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- Global case: More than 1,511,104
- Global Death: At least 88,338
- Most cases were reported: the United States (429,052), Spain (148,220), Italy (139,422), France (113,959), and Germany (113,296).
The above data was compiled by Johns Hopkins University at 8:10 Beijing time.
All times below are Beijing time.
12:50: Coronavirus can trigger a financial crisis for struggling countries, Singapore’s trade minister warns
The economic impact of a coronavirus pandemic can be flowing from a health disaster into a financial crisis in countries struggling to deal with it, Singapore’s trade minister warned on Thursday.
Many countries are now “financially challenged,” with few having headroom to implement monetary policy because current rates are very low, Chan Chun Sing, Singapore’s trade and industry minister, told CNBC. “That’s a dangerous situation,” he said.
“What we are worried about is that, if we are not careful, some countries may experience a financial crisis beyond the health crisis, outside the economic crisis,” Chan said. – Weizhen Tan
12:07 pm: Thailand needs more cooperation from its citizens to prevent the spread of the virus, said the deputy prime minister
Even though there is cooperation from Thai people, more work is needed to curb the coronavirus pandemicThai Deputy Prime Minister Anutin Charnvirakul told CNBC “Street Signs Asia” on Wednesday.
Charnvirakul, who also Thailand the minister of public health, alluded to studies which suggests the need for at least 80% of people in Thailand to practice social distance to slow the spread of COVID-19. – Audrey Cher
11:40 am: South Korea’s central bank keeps interest rates unchanged
The Bank of Korea left its benchmark interest rates unchanged at 0.75% but warned that the country’s growth this year could fall “far below” the previous estimate of 2.1%.
The central bank did not provide updated growth forecasts in its latest monetary policy statement. But Reuters reported BOK Governor Lee Ju-yeol said that it would be difficult for the country to grow more than 1% this year.
South Korea is one of the hardest hit Asian countries in the pandemic, and has reported 10,423 cases in total and 204 deaths. (See update 9:15) – Yen Nee Lee
10:38 am: Australian households and businesses can handle economic shocks, the central bank says
Australian households and businesses will face increasing financial pressure due to the coronavirus pandemic, but many of them are well-placed to deal with economic shocks, the country’s central bank said.
“Most businesses and households are entering a difficult period in good financial health, with large cash and / or equity buffers to help withstand a temporary decline in income,” the Reserve Bank of Australia said in its report. Financial Stability Review.
Australia has confirmed 6,052 cases and 50 deaths since the outbreak, according to the Ministry of Health. The government and the central bank have announced several steps to overcome the economy through a pandemic, including cutting interest rates and subsidizing wages. – Yen Nee Lee
9:15 am: South Korea reports 39 new cases – the lowest since the end of February
South Korea on Thursday reported 39 new cases of infection – the lowest number since late February. There are four deaths.
The country has reported less than or about 50 new cases since Monday this week.
Overall, South Korea has reported 10,423 cases of infection and 204 people died of diseases caused by viruses, according to data from the Korea Centers for Disease Control and Prevention.
South Korea is generally lauded for its efforts to reduce the spread of infection by mass testing its people and adopting strict measures to quarantine and track those affected. – Huileng Tan
8:15 am: China reports 63 new cases, 2 deaths
China National Health Commission (NHC) reports 63 new cases and two death on April 8. Of the new cases, NHC connects 61 tourists from abroad.
That brings the total to 81,865 confirmed cases and 3,335 deaths, according to the NHC.
Passengers of the high-speed train G4802 waiting to get out of Beijing West Railway Station in Beijing, the capital of China, April 8, 2020. G4802, the first high-speed train to depart from Wuhan since the city continued its exit, arrived at the Beijing West Railway Station on Wednesday .
Ju Huanzong | Xinhua | Getty Images
Separately, the NHC said there were 56 new asymptomatic cases, in which people tested positive for the virus but did not show any symptoms.
China began entering asymptomatic cases in his daily report on April 1. – Huileng Tan
All times below are in Eastern time.
19:07: Trump increases tensions with WHO over the coronavirus pandemic, reiterating the threat to withhold funding
U.S. President Donald Trump increases tension with the World Health Organization, once again criticized the agency’s response to the COVID-19 pandemic and threatened to withhold funding.
“So we will do research, investigate, and we will determine what we do. Meanwhile, we hold ourselves back,” Trump said at the White House press conference. It was not immediately clear from the president’s comments if he was “holding back” on WHO funding or investigations.
U.S. Secretary of State Mike Pompeo said that the government was re-evaluating WHO funding, adding that the United Nations health organization had not “achieved what it should have done,” especially in response to the coronavirus pandemic.
“Organizations must work. They must deliver the expected results,” Pompeo said. “We need to make sure that, not only the World Health Organization but every international organization that we take taxpayers’ money and give it to them for American interests, we need to make sure it makes taxpayer dollars.” –Noah Higgins-Dunn, Kevin Breuninger
6:51 pm: When Zoom parents, their children flock to an application called Roblox to hang out and play 3D games
Millions of parents across the country are suddenly forced to juggle full-time work, childcare and homeschooling, all while looking after their children inside, away from their friends and hopefully sane. Wide screen time is inevitable in many households, however Roblox has emerged as an alternative to unwanted experiences by letting children watch endless YouTube videos and cartoons.
Roblox Chief Business Officer Craig Donato said usage jumped 40% in March from February, and the application only follows YouTube in terms of the biggest money makers on iOS, according to AppAnnie. This is the opposite of what most American companies face, including new high-flying companies such as Airbnb, Toast, ClassPass and Bird, which cut costs and, in many cases, cut jobs.
Donato said Roblox now expects $ 1 billion in billing this year, mostly from in-app purchases. The company, based in San Mateo, California, sent 25% of the money to developers, who use software called Roblox Studio to make games for the application. Roblox did not disclose revenue, but the SensorTower data site estimated in November that sales in 2019, until then, had gone up 30% from all 2018 to $ 435 million. –Ari Levy
6:37 pm: Etsy CEO says 20,000 of his stores now sell face masks following the CDC’s recommendations
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