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Malaysia reports 156 coronavirus cases with two deaths that are new

FILE PHOTO: Firefighters spray disinfectant on a street throughout the movement control order due to the outbreak of this coronavirus disease (COVID-19), in Kuala Lumpur, Malaysia March 31, 2020. REUTERS/Lim Huey Teng April 8, 2020
KUALA LUMPUR (Reuters) — Malaysian health authorities on Wednesday reported 156 brand new cases of coronavirus disease, pushing the cumulative total to 4,119 cases as Southeast Asia’s third-largest economy continues to grapple with the highest rate of disease in the region.
Two new deaths were also reported by the health ministry, including a Pakistani who’d attended.

(Reporting by Joseph Sipalan; Editing by Catherine Evans)

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Founder Proceeds battle Around $5.5 billion Airbus order

REUTERS/Eddie Keogh April 8, 2020
By Sarah Young
LONDON (Reuters) — EasyJet creator Stelios Haji-Ioannou continued his battle to force the British airline to cancel an order for 107 Airbus airplanes, making a new requirement on Wednesday for a shareholder vote and threatening to sue its own directors.
Haji-Ioannou, still easyJet’s biggest shareholder, says that the brand new Airbus planes are useless given the effects of the coronavirus on aviation and says their 4.5 billion pound ($5.5 billion) bill threatens easyJet’s survival.

He explained he had renewed his call for 2 directors including the chief financial officer (CFO) to be eliminated by means of a shareholder vote, also voiced his opposition to a 600 million pound loan easyJet has taken out under a UK government scheme.
In a statement he threatened legal action if easyJet ends up paying Airbus but was unable to satisfy its financial commitments.
“If a cent of easyJet’s monies proceeds to Airbus whilst easyJet defaults other future financial obligations (repayment of the UK government loan in March 2021), I will make sure any scoundrels accountable will go to jail for violation of their fiduciary obligations,” Haji-Ioannou explained.
EasyJet said in reaction it considers holding a shareholders’ meeting would be an unhelpful distraction from its focus on managing its finances and its airplanes are grounded.
“We stay fully focused on removing cost from the business, engaging with all our business partners and suppliers including Airbus, and on safeguarding projects and short term liquidity,” an easyJet spokeswoman said by email.
The airline said accessing the government’s COVID Corporate Finance Facility was in the best interests of the business and CFO Andrew Findlay had the board’s full support.
Haji-Ioannou, whose family owns a third of easyJet’s shares and who before the coronavirus catastrophe was a critic of easyJet’s strategy to buy more airplanes, has talked of a 4.5 billion pound payment to Airbus, but a source familiar with the issue said that the sum due was significantly less.

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India’s financial hub Mumbai set to extend lockdown: sources

FILE PHOTO: A view of deserted roads outside the Chhatrapati Shivaji Maharaj Terminus are observed during a 21-day nationwide lockdown to restrict the spreading of this coronavirus disease (COVID-19) in Mumbai, India, March 30, 2020. REUTERS/Francis Mascarenhas April 8, 2020
From Rajendra Jadhav and Rupam Jain
MUMBAI (Reuters) — India’s financial hub Mumbai is defined to expand lockdown measures until at least April 30 as police race to expand testing to stem the spread of coronavirus cases in the city, three senior officials said.
A 21-day nationwide lockdown that Prime Minister Narendra Modi declared to fight the outbreak is set to end on April 14.

But Mumbai, having a population of over 20 million, is now the coronavirus epicentre of India. The metropolis and its suburbs have reported 782 positive cases and 50 deaths, the most recent health bulletin said on Wednesday.
“In Mumbai cases are rising too fast. In only 24 hours 100 cases were reported on Tuesday,” said a senior state government official, adding that the trend was alarming and also an expansion of this lockdown for at least another 2 months was necessary to block the virus from spreading in among the world’s most densely populated towns.
The state government in the western state of Maharashtra and the Mumbai municipal authority, of which Mumbai is the capital, both declined to comment.

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Iran presses for IMF loan; a Few business Closed despite easing

FILE PHOTO: Iranian President Hassan Rouhani talks during a meeting, as the spread of coronavirus disorder (COVID-19) continues, in Tehran, Iran, April 5, 2020. Official Presidential website/Handout through REUTERS/File Photo April 8, 2020
By Parisa Hafezi

Rouhani said following the government announced last week that they will start to ease a shut-down order from April 11, some businesses will remain closed until further notice.

The central bank of iran composed last month to the International Monetary Fund to ask the $5 billion out of the Rapid Financing Initiative, an emergency programme which aids nations faced with shocks such as natural disasters. This was Tehran petition for IMF help since the 1979 Islamic Revolution of Iran.
“I urge international organisations to fulfil their responsibilities… We are a member of the IMF,” Rouhani said at a televised cabinet meeting. “There should be no discrimination in providing loans,” Rouhani additional, saying such discrimination would be unacceptable.
At a tweet on Sunday, the secretary of Iran’s Supreme National Security Council, Ali Shamkhani, accused of obstructing Tehran’s loan request by the IMF the United States.
Iran has banned shut and travel businesses to fight with an outbreak which based on official statistics infected 62,589 and has murdered 3,872 people.
The police have said the operations of a few businesses whose will be allowed to reopen from Saturday. They haven’t given a detailed explanation of.
“But high-risk businesses will remain closed until further notice,” Rouhani said. “We ought to continue combating the disorder while our economic actions continue as much as possible”
An IMF official has said what’s necessary for the loan request to be processed and the Fund is in dialogue with Iran, together with talks aimed at understanding the needs of Iran.
The coronavirus outbreak has damaged Iran’s economy, already battered by U.S. sanctions, reimposed because 2018 when Washington left an arrangement to lift them in return for curbs to Iran’s nuclear programme.
Tehran has blamed the United States and its”maximum pressure” coverage for restricting Iran’s ability to respond effectively to the virus.
“The U.S. sanctions on Iran are medical and economic terrorism… They are in breach of international medical traditions,” Rouhani said.
U.S. officials also have said that the sanctions don’t target medicine for Iran and Washington had offered to assist Tehran face the outbreak. Iran has dismissed the offer as absurd.

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Russia reports daily Increase to 8,672, infections up in coronavirus Instances

A woman in protective mask walks across the bridge, with the towers of Kremlin and skyscrapers of Moscow-City business centre in the backdrop, since the spread of the coronavirus disease (COVID-19) continues, in Moscow, Russia April 7, 2020. REUTERS/Maxim Shemetov April 8, 2020
MOSCOW (Reuters) — The range of coronavirus instances in Russia rose by more than 1,000 for the second day running, taking the total to 8,672, the catastrophe response centre said on Wednesday.
While deaths rose by five to 63 the number of reported cases rose a list daily increase, by 1,175, the facility said.

(Reporting from Gleb Stolyarov, Writing by Alexander Marrow; Editing by Hugh Lawson)

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French aircraft carrier heads home due to Instances

FILE PHOTO: French Navy aircraft carrier Charles de Gaulle is moored at the port of Limassol, Cyprus, February 21, 2020. REUTERS/Stefanos Kouratzis/File Photo April 8, 2020
By Tangi Salaün
PARIS (Reuters) — France’s flagship aircraft carrier that the Charles de Gaulle is coming into its home port first after about 40 crew members showed indications of COVID-19 symptoms, the armed forces ministry said on Wednesday.
The personnel were under medical observation on board.

“The first cases showed symptoms lately,” the ministry said in a statement. “There are not any signs of aggravated cases among the patients.”
The aircraft carrier could dock in the next few days, in Toulon, southern France, a spokesman for the armed forces’ mind told Reuters. It was due back on.
The Charles de Gaulle set sail to the eastern Mediterranean on Jan. 21 to support French army operations against Islamist militants in Iraq and Syria, before deploying into the Atlantic and then the Baltic.
It has 1,760 employees on board.
There was built to perform tests for disease A team due to land on the vessel, which can be outfitted with its intensive care facilities.
Last week, the U.S. Navy relieved that the aircraft carrier Theodore Roosevelt’s captain of his control, following the escape of a scathing letter that he delivered to superiors that sought stronger measures for controlling a coronavirus outbreak aboard his vessel.

(Reporting by Sudip Kar-Gupta and Tangi Salaun; Writing by Richard Lough; Editing by Giles Elgood)

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Oil holds near $32 ahead of talks on output Reductions

FILE PHOTO: A maze of crude Petroleum pipes and valves pictured during a tour by the Department of Energy at the Strategic Petroleum Reserve in Freeport, Texas, U.S., June 9, 2016.

REUTERS/Richard Carson/File Photo April 8, 2020
From Alex Lawler
LONDON (Reuters) — Oil steadied near $32 a barrel on Wednesday, backed by hopes that a meeting between OPEC members and perceptible producers on Thursday will activate output cuts to shore up costs that have dropped as a result of coronavirus pandemic.
Thursday’s videoconference meeting between the Organization of the Petroleum Exporting Countries (OPEC) and allies including Russia is expected to be more successful than their gathering in March, which ended in a failure to expand supply cuts and a price war between Saudi Arabia and Russia.

“The coming extraordinary producing-countries assembly is the only hope on the horizon for the market,” said Bjornar Tonhaugen of Rystad Energy.
“Nobody wants to go short ahead of what might be a’positive surprise’ by OPEC++.”
Brent crude was down 9 cents, or 0.3%, at $31.78 by 0837 GMT after dropping 3.6% on Tuesday. U.S. West Texas Intermediate (WTI) crude climbed 94 cents to $24.87.
Crude has dropped due to supply and this outbreak. Brent dropped to $21.65, its lowest since 2002, on March 30.
Doubts remain as to whether Washington will lead Even though OPEC sources have said a deal to cut manufacturing is conditional on the participation of the USA.
The U.S. Department of Energy said on Tuesday U.S. output signal was declining, without government actions.
U.S. crude production is expected to slump by 470,000 bpd and also demand is set to drop by about 1.3 million bpd in 2020, the U.S. Energy Information Administration (EIA) said on Tuesday.
Before the OPEC and other producers’ assembly, the most recent round of U.S. petroleum inventory information will be responsible for Wednesday.
In a indication of excess supply, the American Petroleum Institute, an industry group, said U.S. primitive inventories jumped by 11.9 million barrels. The government’s source report is expected at 1430 GMT.

(Additional reporting by Jane Chung; Editing by Jan Harvey)

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EU ministers Don’t agree virus economic Saving in talks

REUTERS/Piroschka van de Wouw/File Photo April 8, 2020
By Jan Strupczewski and Francesco Guarascio
BRUSSELS (Reuters) — European Union finance ministers failed to concur in all-night discussions on more support for their coronavirus-hit markets and their chairman said on Wednesday morning that he was suspending the talks until Thursday.
Over what conditions should be connected to euro zone charge for authorities battling the pandemic blocked progress officials and sources said a feud involving the Netherlands and Italy.

“After 16 hours of talks we came close to a deal but we aren’t there yet,” Eurogroup chairman Mario Centeno stated. “I suspended the Eurogroup and (we will)continue tomorrow.”
The finance ministers, who began discussions at 1430 GMT on Tuesday that lasted all night with breaks to allow for bilateral negotiations, want to agree a package of steps to help people, companies and governments.
They had expected to agree to jumpstart the financial slump and fund recovery in the pandemic, and also turn a webpage as the bloc struggles with the outbreak on divisions that have marred relations.
However, feuds emerged prominently again, one diplomatic source said:”The Italians need a reference debt mutualisation because a possible recovery instrument to be much more in the future. The Dutch say’no more’.”
An official who engaged in the discussions said at about 0400 GMT on Wednesday The Hague was the only one refusing to endorse a text which the ministers were expected to concur on to get endorsement for a new set of financial steps from the bloc’s 27 national leaders.
German Finance Minister Olaf Scholz stated on Twitter:
“In this difficult hour Europe must stand together carefully. Together with (French finance minister) Bruno Le Maire, I call on all euro countries to not refuse to solve these difficult financial issues and to facilitate a good compromise — for all citizens.”
Issuing joint debt has turned into a battle line between ailing countries like Italy and Spain along with the fiscally north, led by Germany and the Netherlands, because the financial and euro zone crises began over a decade ago.

The EU has suspended state aid limits and allowed member countries to inflate their debt to pay more to support markets burdened by coronavirus lockdowns.
However, Spain, France and Italy say have throw and that’s not enough.
Further proposals under negotiations include credit lines in the euro zone bailout fund which would be worth around 2% of 240 billion euros in total, or a country’s economic output. The conditions for gaining access to this cash remain a sticking point.
Granting the European Investment Bank 25 billion euros of guarantees that are additional so it could step up lending to companies is another choice.
The next is support for the EU executive’s plan to raise 100 billion euros from all authorities in the bloc that hours rather than sack people can cut to subsidise wages.
Creating an emergency support fund issuing grants for healthcare and medical equipment is just another thought, as is a proposal to create a EU solidarity fund to fund long-term recovery.
If they do eventually concur, the joint pan-EU and government answers could add up to the largest fiscal support programme in the world, surpassing that Reuters calculations revealed.
The discussion reveals rifts in the bloc and breeds its unity damaged by the euro zone catastrophe as well as the migration catastrophe, which partially contributed to Brexit Though the EU is no stranger into.
So far that the ministers, discussing through the night via videoconference with a number of them dozing off at times, according to officials present, have been left frustrated.
Le Maire was quoted as stating at one point during the nighttime, according to one officer who engaged:”Shame on you, shame on Europe. Stop this clownesque show.”

(This story has been refiled to delete extraneous word in paragraph 7)

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Exclusive: BOJ to Endeavor contraction as Harm deepens — sources

REUTERS/Issei Kato/File Photo April 8, 2020
By Leika Kihara
TOKYO (Reuters) — The Bank of Japan is likely to make a rare projection this month that the world’s third-largest economy will shrink this season, as the coronavirus pandemic threatens to push the country deep into recession, sources familiar with its thinking said.
It could be the first time when an economic downturn was triggered by a national sales tax hike, that the BOJ has forecast a contraction since 2014.

But the BOJ, in forecasts couched with unusually substantial levels of doubt, will cling to the opinion that after a severe downturn Japan’s economy, this past quarter will rebound toward the end of this calendar year, the sources said.
“Given what is happening now, it is difficult to think of a forecast of favorable economic expansion,” among the sources mentioned.
“Any projection that the BOJ makes shouldn’t be too out of line with how the general public feels about the economy,” another source said, an opinion echoed by two more sources.
There is no consensus over the BOJ as far could hinge on how long it takes for the pandemic to be contained on whether a gloomy projection could warrant further monetary easing, they said.
The sources spoke on condition of anonymity. The BOJ could not be reached for comment.
The BOJ will launch price projections and new growth at its rate review on April 27-28.
In its last projections produced in January, it expected the economy to grow 0.9percent in the year that started in April.
A new Reuters poll revealed analysts expect the economy to shrink 2.1percent this year as the outbreak wreaks havoc on business and daily life, with a majority projecting the BOJ to creep up stimulus in April.
The economy is forecast to shrink by an annualised 3.7percent in January-March and 6.1percent in April-June, the survey revealed, after a sharp contraction late last year.
Japanese Prime Minister Shinzo Abe on Tuesday declared a state of emergency to fight with a rise and rolled a nearly $ 1 trillion stimulus package to soften the economic blow.

(Reporting from Leika Kihara; Editing by Kim Coghill)

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Jakarta coffin maker faces as coronavirus death toll climbs gruelling days

By Willy Kurniawan and Heru Asprihanto
JAKARTA (Reuters) — As debate rages about the real death toll brought on by the coronavirus epidemic in Indonesia, Jakarta coffin manufacturer Sahroni was too busy to cover the issue much attention.

“Usually we market between five to seven coffins a day, but it is up to 20 to 30 coffins a day,” said Sahroni, 38, since he applied base coat on a wooden coffin.
The shelves of his workshop were stacked with painted coffins, while out a row of white stripes dried under the sun.
“Our working hours are now from morning to midnight,” said Sahroni, who uses one name.
The warehouse where Sahroni works generally specialises in coffins for Indonesia’s Christian minority, but they are supplying coffins for many denominations, such as Muslims who would normally be buried in a shroud. New protocols for victims of COVID-19 or victims call for using coffins.
As of Wednesday, nearly 3,000 cases had been identified by Indonesia and recorded 240 deaths. But epidemiologists and public health specialists stage to the low frequency of high and testing death rate as indications the real infection rate is considerably greater.
Exclusive data obtained by Reuters revealed there were nearly 4,400 burials in Jakarta that March out of any month in the previous two years, and a signal deaths in the virus could be greater than reported.
Data in the Jakarta sheriff’s office showed greater than 438 people had been buried according protocols between April 6 and March 2, regardless of the federal death toll standing at just under that figure.
In some cases, victims have died before test results were available, seeing them buried according protocols as a precaution.
Whatever the figures are, home to more than 10 million individuals and also the epicentre of the epidemic from the world’s fourth most populous country, those operating in the funeral industry in Jakarta, are getting ready for a mounting toll.
An old warehouse that was coffin-making has reopened in West Java, the most populous province of Indonesia, started a line of coffins that were more economical and contributed 1,000 coffins.
Those responsible for hauling sufferers that are coronavirus to their burial grounds are also grappling with the pandemic’s catastrophic fallout.

She added that burials had jumped in the week from 30 to 40 a day this past month, and a new burial ground had been opened.
Sumiyati now carries her job in protective gear — a plastic raincoat, masks, gloves and gloves out — and her household has implemented new protocols.
“At home, my kids have ready disinfectant spray, which they squirt me. Otherwise, they will not allow me in,” she said. “This is the results of the job. We have to accept the threat.”

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