Due to the deadly coronavirus, the loss of economic output in Asia may continue until 2022, According to the International Monetary Fund. Anthony Fauci, the highest infectious disease expert in the US government, warned lawmakers that coronavirus infections may increase If the daily behavior remains the same, it is 100,000.
New South Wales, the most populous state in Australia, Allegedly residents of 10 viral hotspots near Victoria will face six months in prison or a fine of $11,000 if they try to cross the border. The Japanese government is considering starting negotiations with China, South Korea and Taiwan as soon as this month to ease travel restrictions imposed to prevent the spread of the coronavirus Asahi. The report quoted unidentified government officials.
During the pandemic, the real estate markets in Singapore and Australia continued their downward trend. House prices in the city Two consecutive months of shutdown have shut down most of its economy, while Australia has fallen for the second consecutive quarter. Prices fell for the second consecutive month in June.
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The International Monetary Fund believes that the pain in Asia will continue to contain the virus and curb the recovery (09:58 am Hong Kong time)
Deadly coronavirus may cause economic losses in Asia According to the International Monetary Fund (IMF), this policy will continue until 2022.
The assessment warned of the prospect of a global recovery after the pandemic plunged the world economy into its worst collapse since the Great Depression. According to data from the International Monetary Fund (IMF), the Asian region contributed approximately 68% of global growth in 2019.
Although regional economic growth is expected to rebound to 6.6% next year, this is not enough to make up for all the output lost due to this crisis.
After the virus surged, Google delayed the reopening of the US office (09:51 am Hong Kong time)
Google is Following the outbreak of coronavirus cases in several western and southern states, the plan to reopen the US office was postponed.
Google memo to employees shows that all US offices will be closed at the earliest until September 7th. In May, CEO Sundar Pichai said that the company will carefully relocate some workers from July 6.
Covid-19 quickly gained popularity again in the United States, prompting some states to revoke previous decisions to ease the blockade. Google’s California reported on Tuesday the second largest jump in new cases.
51 new cases reported in South Korea; Remdesivir started (09:18 am Hong Kong time)
South Korea confirmed another 51 cases on Wednesday, bringing the total number of cases in the country to 12,850. The Korean Center for Disease Control and Prevention said in an e-mail statement that the South Korean government will begin supplying local medicines to local hospitals on July 1 after signing an import contract with Gilead Scientific Korea. It added that the use of the drug will be limited to severely ill patients.
Singapore, Australia house prices fell due to lockout hitting real estate market (09:04 am Hong Kong time)
Singapore The two consecutive months of sales bans have caused most economies to stagnate, the real estate market has braked, and house prices have fallen for the second consecutive quarter. According to preliminary estimates released by the Urban Renewal Authority on Wednesday, real estate prices fell 1.1% in the three months to June 30. In the first quarter, prices fell by 1%.
As the corona virus shutdown continued to put pressure on the real estate market, Australian house prices fell for the second consecutive month in June. According to data released by CoreLogic Inc. on Wednesday, the value of homes in major cities fell by 0.8% last month, compared with a 0.5% decline in May. Prices fell in Melbourne and Perth, where prices fell 1.1%. In Sydney, prices fell by 0.8%.
Australian state closes border to virus hotspot residents (08:56 am Hong Kong time)
New South Wales, the most populous state in Australia, Allegedly residents of 10 viral hotspots near Victoria will face six months in prison or a fine of $11,000 if they try to cross the border.
Shortly before midnight, 10 districts in Melbourne entered the blockade because the authorities tried to suppress the peak of coronavirus infection. After relaxing restrictions on social alienation, jeopardizing its economic recovery and prompting other states to postpone plans to open borders, Victoria experienced two-week double-digit growth in the new Covid-19 case.
Mexican case jumps; Chapter 11 Mexicana documents (08:19 am Hong Kong time)
Mexico According to data released by the Ministry of Health, 5,432 newly diagnosed Covid-19 cases were reported, bringing 226,089 cases. The death toll rose by 648 to 27,769.
Grupo Aeromexico SAB, the second largest airline in Mexico, After the Covid-19 pandemic caused a severe decline in travel, the company said it had filed for US bankruptcy and became the latest airline to seek court protection among a series of Latin American airlines.
According to a statement issued to the Mexican Stock Exchange on Tuesday, the airline will “continue to operate and use Chapter 11 to enhance its financial position and liquidity.” Aeromexico stated that the goal will be “to protect and maintain its operations and assets, and to make the necessary operational adjustments to cope with the impact related to Covid-19.”
Virus-killing airlines let UN agencies reduce climate change plans (08:15 am Hong Kong time)
UN agencies have At the urging of the aviation industry, the greenhouse gas emission reduction plan was relaxed, which said that the economic loss of coronavirus is an obstacle to achieving the plan’s expected goals.
The 36-member Council of ICAO in Montreal agreed to use 2019 as the sole base year for carbon offsets and reductions Program Serve international aviation or CORSIA at the meeting on Tuesday.
The plan will take effect next year, initially based on 2020. However, the organization said in a press release that this year, when the coronavirus actually stopped certain travel, the airline’s emissions fell sharply, which means that the airline will have to offset more of the emissions under the plan, thus Cause an inappropriate economic burden.
Goldman Sachs estimates that 40% of US securities have been withdrawn or suspended (07:59 am Hong Kong time)
According to estimates by Goldman Sachs Group Inc. economists, after taking some steps across the solar belt in recent days, more than 40% of the United States now reverses or stops economic reopening. The bank also calculated that the proportion of population in states with increasingly strict policies depending on 30% within five days.
“As the growth of cases nationwide continues to accelerate, states may continue to take more targeted measures to try to mitigate the spread of the virus and maintain its availability health care “Capacity at a sustainable level,” Goldman Sachs analysts including Jan Hatzius, Alec Phillips and Blake Taylor wrote in a June 30 report.
China reported 3 new cases of coronavirus from Beijing on June 30 (07:48 am Hong Kong time)
A statement from the National Health Council of China said that China reported three new cases of coronavirus on Tuesday, all of which are local in Beijing. The statement said that three asymptomatic cases were reported, all of which were imported, and added that 100 asymptomatic coronavirus cases in China are undergoing medical observation.
Japan relaxes travel restrictions on China and South Korea: Asahi (07:17.HK in the morning)
The Japanese government is considering starting negotiations with China, South Korea and Taiwan as soon as this month to ease travel restrictions imposed to prevent the spread of the coronavirus Asahi. The report quoted unidentified government officials.
The report said that Japan plans to give priority to business travelers and then open the border to students, and tourists will be the last country allowed to enter.
As companies see record sales declines, the UK’s hopes of rebound have weakened (07:01 am Hong Kong time)
A survey showed that British companies were in poor condition, and hopes for a rapid recovery of the British economy were dashed.
Sales volume, order volume and cash flow The British Chamber of Commerce’s quarterly survey shows that the country’s dominant service industry has fallen the most in the past 31 years. In the three months to June, manufacturers’ demand for commodities also declined, and sentiment in the industry declined to its lowest level since the financial crisis.
These findings have increased concerns that the economy will find it difficult to rebound quickly from the pandemic.
Trump said he was “increasingly angry with China” about the pandemic (06:56 am Hong Kong time)
President Trump said in an interview with the media: “When I saw the pandemic spreading all over the world, including the huge damage it caused to the United States, I was getting angry with China.” Twitter posts.
“People can see it, and I can feel ! “Trump said.
Iran will lock in the Gulf Trade Center (6:28 am Hong Kong time)
After the surge in cases, Iran will take blockade measures against one of the busiest port cities in the Persian Gulf.
Governor Fereydoun Hemmati told reporters that Iran is the capital of Hormuzgan Province, the main trading hub of the Strait of Hormuz, and one of seven cities that will be closed for a week on Friday. News agency reports.
Hemmati said that the Kish and Qeshm Islands, which are major tourist attractions, will also face these measures, adding that the blockade will involve shut down All schools, universities, most offices, movie theaters, coffee shops, restaurants, public swimming pools, gymnasiums and parks.
Trump’s task force promotes the use of masks (6 a.m. Hong Kong time)
The Trump Administration’s Coronavirus Task Force has stepped up calls for Americans to wear masks, but Vice President Mike Pence said there are no plans to overthrow governors who have not yet asked for gas masks.
Working group member surgeon Jerome Adams said at the White House briefing on Tuesday: “Please wear a mask when you go out in public.”
Adams made the strongest appeal to date to the government, which often evades direct suggestions to wear masks. Health Minister Alex Azar and Pence both urged to wear masks at the same event held in Rockville, Maryland on Tuesday, but Pence just said to Do this if the local government recommends it.
President Donald Trump mocked his Democratic challenger Joe Biden wearing a mask, but he never wore it publicly, even though he was facing a call to do so.
U.S. cases rise by more than 48,000 (4 pm in New York State)
According to data collected by Johns Hopkins University and Bloomberg News, the number of coronavirus cases in the United States increased by 48,096 to 2.61 million compared with yesterday. The 1.9% increase is higher than the average daily increase of 1.6% over the past week. The death toll rose by 0.5% to 126,512.
- According to data from the State Department of Health, the worst day since Texas announced the new case, a total of 6,975 positive tests were conducted, for a total of 159,986 cases. The 4.6% increase exceeded the 7-day average of 4.2 days. With more and more warnings about the state’s tight medical infrastructure, hospitalization has also set a new record, adding 620 people.
- Florida reported 152,434 cases, an increase of 4.2% over the previous day, while the average increase over the previous 7 days was 5.6%. The death toll rose by 1.7% to 3,505.
- Arizona reported 4,682 new cases, an increase of 6.3%, with a total of 79,215 cases. The two-day increase after the state government announced that the reported problem meant that all new cases were not counted on Monday. The state also reported 44 new deaths, for a total of 1,632.
- According to data from the state, California reported 6,367 new cases, which is its second largest daily jump, totaling 222,917 cases. The 2.9% increase exceeded the 2.8-day average increase of 7 days. The death toll increased by 0.7%, or 44, to 5,980.
Biden robs Trump in response to pandemic (3:30 pm New York time)
Joe Biden on Tuesday attacked Donald Trump’s handling of the coronavirus pandemic, arguing that the president failed to protect Americans and exacerbated the crisis that other countries managed to control.
Democratic candidate Biden has a plan to fight the virus and safely reopen the economy, and he urges Trump to adopt his proposal. He said that at this moment the president is required to lead and transcend politics.
“Mr. President-this crisis is real-and it’s getting worse,” Biden said. “Commitments and predictions that stand out and wishful thinking are not only not good for this country, but also make them lose more confidence in the government.”
FDA releases vaccine guidelines (11:45 am New York State)
The US Food and Drug Administration (FDA) has issued guidelines on how to evaluate candidate vaccines, saying it will only allow vaccines that are at least 50% more effective than placebos.
“The American people should know that we have not overlooked our responsibility to maintain regulatory independence and ensure that our decisions regarding all medical products (including medical products related to the Covid-19 vaccine) are based on reliable science and available data, FDA Commissioner Stephen Hahn told the Senate Health Committee on Tuesday.
Anthony Fauci, an infectious disease expert, also told the panel that he “hopefully” hopes to have a vaccine for Covid-19 in early 2021.
New York State doubles quarantine travel advisory services (11:30 am New York time)
New York Governor Andrew Cuomo announced that travelers from eight other states (including California) will be required to be quarantined for 14 days when traveling to New York.
Cuomo said California, Georgia, Iowa, Idaho, Louisiana, Mississippi, Nevada and Tennessee now meet the criteria and are eligible for travel advisor qualifications. 16 states
Quarantine is applicable to people with a positive test rate higher than 10 states per 100,000 inhabitants under the 7-day rolling average, or states with a positive rate of 10% or higher on the 7-day rolling average.
—With the assistance of Charlie Zhu, Kara Wetzel and Chris Anstey