(Bloomberg) --
Spain had its deadliest day of the coronavirus pandemic as 838 people died. The U.K.’s lockdown could last for a significant length of time, Cabinet Office Minister Michael Gove said.
The U.S. Centers for Disease Control and Prevention issued a domestic travel advisory, urging New York, New Jersey and Connecticut residents to avoid non-essential travel after President Donald Trump decided against putting those hard-hit areas under quarantine.
Key Developments:
Cases top 680,000; 31,882 dead, 145,600 recovered: Johns HopkinsSpain reports deadliest day with 838 fatalitiesIran’s Rouhani says disease could be around for one or two yearsNo quarantine of New York, New Jersey and ConnecticutAustralia limits outdoor public gatherings to two peoplePassengers on “death ship” plea for rescue as virus strikesEurope’s virus carnage has Italy, Spain grasping for answers
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French Companies Apply for Aid (8:02 a.m. NY)
More than 200,000 French businesses have applied for government aid to keep 2.2 million workers on their payroll as a lockdown to fight the coronavirus brings several industries to a halt, Labor Minister Muriel Penicaud said.
Manufacturers, hotels and restaurants, the construction industry and non-food retailers are among the hardest hit, she said. The French government has earmarked 8.5 billion euros ($9.5 billion) over two months to help companies that temporarily idle employees because of the lockdown and ensure that they can restart work when the crisis is over.
Indonesia to Lock Down 30 Million (6:53 a.m. NY)
Indonesia may quarantine almost 30 million people in its capital and surrounding areas to curb the spread of the coronavirus that’s killed more than 100 people in the world’s fourth-most populous nation.
Police and transport officials conducted drills on limiting the movement of people from the Greater Jakarta area at the weekend, the Jakarta Post reported. The governor of West Java, Ridwan Kamil, said a decision on the lockdown, including in the worst virus-hit areas of the province adjoining Jakarta, was expected on Monday.
Greenland Bans Alcohol Sales (6:45 a.m. NY)
The country, which has closed schools and restaurants, is banning alcohol sales around its capital till mid-April, citing risks to children and to containing the coronavirus. Children “should have a secure home,” Prime Minister Kim Kielsen said in a statement.
In Denmark, an online alcohol-use test is getting 10 times more hits than before the country shut down earlier this month, DR reports. The test lets people compare their use against health recommendations.
U.K. Lockdown Could Last a Long Time (6 a.m. NY)
Gove said on the BBC’s Andrew Marr show that the length of restrictive measures will depend on how seriously Britons take government advice, echoing a letter Prime Minister Boris Johnson is sending to U.K. households this week. Johnson and Health Secretary Matt Hancock tested positive for the virus last week.
Asked about the prospect of a recession due to the lockdown as well as the increase in government debt due to emergency fiscal measures, Gove said that the most important thing at the moment is to save lives. The U.K.’s failure to sign up to a European-Union wide effort to buy ventilators hasn’t impeded the country’s capacity to order more, he said.
Fatalities in the U.K. increased to 1,228 Sunday with 19,522 confirmed cases.
Iran Sees Outbreak Lasting 1-2 Years (5:43 p.m. HK)
In Iran, fatalities reached 2,640 after 123 died from the virus in the last 24 hours while infections jumped by 2,901 to more than 38,300. President Hassan Rouhani said the spread of coronavirus has slowed in some provinces, but the country may have to learn to live with the disease for one or two years.
Netherlands Recalls 600,000 Faulty Masks (5:36 p.m. HK)
The Netherlands has recalled roughly 600,000 face masks, which it had imported from China and were distributed among Dutch hospitals. The masks didn’t comply with safety requirements, the ministry of health said to broadcaster NOS.
McLaren to Make Ventilator Parts (5:35 p.m. HK)
McLaren Racing -- which designs parts for Formula 1 racing cars -- will use its machine shop to manufacture components for ventilators and will help procure the parts needed to ramp-up production of the devices, the company said in a statement Sunday. Its parent company, McLaren Group, is also building test equipment to make sure ventilators meet safety requirements.
The country is ramping up domestic production, with companies including Dyson Ltd. and Airbus SE offering to produce ventilators. Still, it’s not clear if the country will meet the target of 30,000 set by Johnson.
Spain Has Record Number of Deaths (5:30 p.m. HK)
Spain’s coronavirus death toll rose by 838 to 6,528, marking a third day of record increases. The government tightened restrictions on movement to slow the spread of a pandemic that’s proving hard to contain. That’s the third day in a row of record deaths.
Spain’s health-care system is at breaking point after the number of people sent to intensive care on Saturday surpassed the official capacity of 4,404 beds. Madrid, the epicenter of the outbreak, has created a temporary hospital in the city’s main conference center to handle the overflow.
Novartis CEO Sees U.S. Surge (5 p.m. HK)
The first wave of the global coronavirus outbreak will probably end in coming months, but the world should prepare for a second wave, Novartis AG Chief Executive Officer Vas Narasimhan told Swiss newspaper SonntagsZeitung. Data suggest the pace of new infections may be leveling off in Italy and Spain, where about half of deaths have occurred. While the two countries have likely reached a peak, a big surge in the U.S. is yet to come, Narasimhan said.
Germany Warns of Possible ICU Shortage (4:45 p.m. HK)
The head of Germany’s Robert Koch Institute warned the country might run into a capacity shortage of intensive care units. “We can’t rule out Germany will get more patients in need than ventilators,” Lothar Wieler told the newspaper Frankfurter Allgemeine Sonntagszeitung. Germany’s number of Covid-19-related deaths has been relatively low compared to other countries.
Australia Limits Gatherings (3:43 p.m. HK)
Australia’s Prime Minister Scott Morrison limited outdoor public gatherings to two -- excluding families -- and told people to stay at home except for essential shopping, work, education and medical care. He also said people 70 and over should stay at home.
Earlier Sunday, Morrison said the government was set to provide further income support for workers who lose their jobs as the coronavirus outbreak savages the economy. He also announced a A$1.1 billion ($678 million) package to boost spending on health services and combating domestic violence.
Australia had 3,966 confirmed cases as of 3 p.m. Sunday, an increase of 331 in the previous 24 hours. The nation’s death toll stood at 16.
Hong Kong Plans Second Round of Aid (3:48 p.m. HK)
Hong Kong’s government will introduce a second round of financial assistance for businesses affected by the novel coronavirus outbreak, according to Chief Secretary Matthew Cheung.
The subsidies from the Epidemic Prevention Fund would aim to protect workers, Cheung wrote in a blog Sunday that didn’t provide details of the plan or a timeline. The government announced its first aid package related to the pandemic late last month to help businesses and individuals.
South Africa May Approach IMF (3:10 p.m. HK)
South Africa may approach the International Monetary Fund for the first time ever to help with funding to deal with the fallout from the coronavirus outbreak, Johannesburg’s Sunday Times reported, citing Finance Minister Tito Mboweni.
Africa Weeks Away From Height of Storm (2 p.m. HK)
Africa is two to three weeks away from the worst of the coronavirus storm and needs an emergency economic stimulus of $100 billion to bolster preventative measures and support its fragile health-care systems, according to the United Nations Economic Commission for Africa.
Tokyo Olympics 2021 Date (1:49 p.m. HK)
The International Olympic Committee and Japanese organizers are planning to set the opening date on July 23, 2021, and the closing date on Aug. 8, NHK said Sunday, citing sources it didn’t identify.
Prime Minister Shinzo Abe and IOC President Thomas Bach agreed to put off the Tokyo Games for about a year, the first postponement since the modern games began in the 19th century.
Separately, Tokyo had 68 more coronavirus cases, the biggest daily increase, NHK reported, citing a local government official it didn’t identify. Tokyo now has at least 430 infections.
Philippine Central Bank Ready With More Measures (12:08 p.m. HK)
The Philippine central bank is ready to support the economy with more interest rate cuts and purchases of government securities, Governor Benjamin Diokno said, as the country tries to contain fallout from the spreading coronavirus outbreak.
“We’ve done a lot on the monetary side, but we can do much more if needed,” Diokno said. “There’s ample room for more policy easing” although any action will remain data-dependent, he said.
New York Knicks Owner Tests Positive (10:41 a.m. HK)
Jim Dolan, who is also chief executive officer of Madison Square Garden Co., is in self-isolation and “is experiencing little to no symptoms,” the Knicks said in a tweet.
The 64-year-old executive joins a number of NBA players in testing positive for Covid-19. The league suspended its season earlier this month when it disclosed that a Utah Jazz player had been diagnosed.
Domestic Travel Curbs for New York Area (10:12 a.m. HK)
The CDC urged residents in the tri-state area to refrain from non-essential travel for 14 days, effective immediately. The advisory excludes Department of Homeland Security employees as well people working in “critical infrastructure industries, including but not limited to trucking, public health professionals, financial services, and food supply.”
Trump had floated the idea on isolating those hard-hit areas earlier in the day. But in an announcement on Twitter, he avoided the harshest outcome. “A quarantine will not be necessary,” Trump said.
New York’s Andrew Cuomo said on CNN that the move would amount to a “federal declaration of war” against the states -- one that’s apparently been forestalled for now.
Vice President Mike Pence told Fox News said the virus taskforce will soon deliver recommendations on whether to re-open the U.S. economy.
China’s New Cases Mostly Imported (8:24 a.m. HK)
China’s National Health Commission said all but one of the new cases reported on March 28 are imported as a policy to block almost all foreigners from entering the industry took effect Saturday.
China has a total of 81,439 confirmed cases, with 693 of those imported, the NHC said. The death toll rose by five to 3,300, with all new deaths reported in Hubei province. Discharged patients rose by 477 to 75,448.
Detroit’s Auto Show Canceled for 2020 (7:15 a.m. HK)
The North American International Auto Show said it’s canceling the industry’s biggest event scheduled in June and will resume the show in 2021.
The venue, TCF Center, will be repurposed as a field hospital for Covid-19 cases, the organizers said. The Detroit Auto Show will resume on June 11, 2021, with the public show scheduled for June 19-26.
Gilead Expands Access to Drug (6:37 a.m. HK)
Gilead Sciences Inc. will expand access to its experimental anti-coronavirus drug remdesivir to accelerate its emergency use for multiple severely ill patients.The drugmaker said it’s switching to “expanded access” from a “compassionate use” program under which remdesivir was given to more than 1,000 Covid-19 patients.
The company said it’s on track to have initial data in coming weeks.
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