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Powell warns that the economic damage could become permanent as the debate in Congress provides more support. Jerome H. Powell, chairman of the Federal Reserve, issued a stern warning Wednesday that the United States is facing an economic hit “without modern precedent” that could permanently damage the economy if Congress does not provide enough political support to prevent a wave …

Weakening coronavirus restrictions and rediscovering the economy too quickly could lead to a “vicious cycle” of economic and health disasters, the World Health Organization warned on Wednesday. “This is what we all fear is a vicious cycle of public health disaster followed by economic catastrophe followed by public health disaster followed by economic disaster,” said Dr. Mike Ryan, executive director …

The death toll from a gun attack at a hospital in Afghanistan, where newborns, nurses and mothers were slaughtered, has risen to 24 today. The health ministry said the dead included two newborns today, along with mothers and nurses, after three gunmen dressed as police stormed a maternity hospital in the Afghan capital, Kabul. Deputy Health Minister Wahid Mairoh said …

“It is important to emphasize that we have not yet come out of the forest. The battle goes on and on, but we are better prepared. We must be vigilant with social distancing, this remains imperative. We are a sustainable nation and I am confident that together we will emerge from this pandemic. “Do we contain the coronavirus?” “Right now …

An employee installed the rear passenger door on a test frame for a Volkswagen AG Tiguan compact sports car at the company’s production plant in Puebla, Mexico. Susanna Gonzalez Bloomberg | Getty images As carmakers prepare to restart U.S. production, the potential shortage of parts south of the border appears to have been diverted. Some Mexican car factories are due …

LONDON (Reuters) – Britain tentatively began easing coronavirus blockades on Wednesday, with some people unable to do work at home calling for a return to work as real economic data show the catastrophic impact of the pandemic. The worst-hit country in Europe, with more than 40,000 deaths from COVID-19, including 275 health and medical workers, has been locked since March …

The live coverage of this blog is over – but for a current coverage of the coronavirus, visit the blog live by the American CNBC team. Global cases: More than 4.2 million Global deaths: At least 291 366 Most reported cases: USA (1,369,314), Russia (232,243), Spain (228,030), United Kingdom (227,741), Italy (221,216) The above data were collected by Johns Hopkins …

Coronavirus Pandemic: Live Updates and News for May 13, 2020 BloombergSee full coverage in Google News Source link

BERLIN – When Chancellor Angela Merkel explained “R-nught” or the coronavirus reproduction variable during a press conference last month, she set 1.0 as a key threshold. If the lack of R in Germany remains below 1.0, she said this suggests that active cases are in decline. The figure above 1.0 indicates that the cases are increasing. So when the German …

Police are searching for an island in Sydney, Australia, on Tuesday, following an arrest in connection with the death of a man in 1998. More than 30 years after Scott Johnson died after falling from a rock in Sydney, authorities blamed a man for his death, apparently a crime of gay hatred that police believe was one of many in …