"It's going to take a lot longer than people are saying. This is serious, we've never experienced anything like this in our lifetime," Newsom said regarding California's recovery from Covid-19.

Homebuyers appear to be heading slowly back into the market, as the coronavirus-stricken economy begins to reopen.

Federal Reserve Chairman Jerome Powell said more stimulus is needed to ensure a robust economic recovery from the coronavirus crisis.

Angelo Zino of Equity Research tells CNBC's Squawk Box Asia that Uber and Lyft will not likely see significant recovery until a vaccine is found amid the uncertainty of the coronavirus pandemic.

Australia has started plans on re-opening its economy after a period of social distancing. Ivan Colhoun of the National Australian Bank suggests looking to fiscal stimulus to cushion the hit to their economy, and to keep an eye on how lower immigration may slow the economy in the long term.

In contrast to the U.S., countries in North Asia and Australia had "very convincing containment" of the coronavirus crisis, making them more likely to achieve a "very sharp" economic rebound post-pandemic, says Deutsche Bank's Michael Spencer, chief economist and head of research for the Asia-Pacific.

Strategists debate how long it will take to contain the coronavirus outbreak as it hits the United States and roils markets.

Stephen Isaacs, chairman of the investment committee at Alvine Capital Management, discusses the market recovery from the coronavirus crisis.

Nearly 4 in 5 people who lost their jobs in the coronavirus crisis told the government they see their layoffs as temporary.

There's optimism that nearly 4 in 5 workers surveyed see their layoffs as temporary, but the issue is whether their jobs will survive.

Jack Lew, Former U.S. Treasury Secretary, joins "Closing Bell" to talk about the coronavirus pandemic.

Michael Binetti, Credit Suisse Analyst, joins "Closing Bell" to discuss markets.

While countries such as Spain and Italy that are lifting restrictions have forced the trend of infections down, in the US cases are rising

• Coronavirus – latest US updates
• Coronavirus – latest global updates

The US may be moving to loosen social distancing restrictions around the same time as several European countries but it remains in a far different, and worse, stage of the coronavirus pandemic.

While infections and deaths from Covid-19 quickly raced to terrifying peaks in Italy and Spain, both countries have managed to arrest the increase and are now forcing the key trends downwards.

Eric Marshall, Hodges Capital Management portfolio manager, and Lori Calvasina, RBC Capital Markets head of U.S. equity strategy, join 'Power Lunch' to discuss what the economic data is indicating to investors.

Climate advisers call for work and training in low-carbon heating, water efficiency and flood-protection

• Coronavirus – latest updates
• See all our coronavirus coverage

Restarting the economy and getting people back to work after the coronavirus lockdown should focus on low-carbon work programmes, the UK government’s climate advisers have urged.

They said this would generate new jobs, protect the climate and ensure a fairer economy for everyone.

Related: Green stimulus can repair global economy and climate, study says

Related: Airlines and oil giants are on the brink. No government should offer them a lifeline | George Monbiot

Income subsidies

Some governments want to channel their economic recovery plans into low-carbon industries.

A total of 6,869 people have been cured of coronavirus in India so far, taking the recovery rate to 23.3 per cent, said the Union Ministry of Health and Family Welfare on Tuesday.

A total of 1,543 new cases of coronavirus have been identified, which take the total number of confirmed cases in the country to 29,435, said Lav Agarwal, Joint Secretary, Union Health and Family Welfare Ministry,
here on Tuesday.

On Monday, the ministry had put the recovery rate from COVID-19 at 22.17 per cent. Addressing a press conference here, Agarwal said: "With 1,543 new cases, there are 29,435 positive cases in India till now. So far, 6,869 people have recovered including 684 people who recovered yesterday. This takes our recovery rate to 23.3 per cent. This is a progressive increase in the recovery rate."

Agarwal said that in the last 28 days, 17 districts have had no new case. "This means we need to maintain constant vigil," he added.

Catch up on all the latest Crime, National, International and Hatke news here. Also download the new mid-day Android and iOS apps to get latest updates.

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This story has been sourced from a third party syndicated feed, agencies. Mid-day accepts no responsibility or liability for its dependability, trustworthiness, reliability and data of the text. Mid-day management/mid-day.com reserves the sole right to alter, delete or remove (without notice) the content in its absolute discretion for any reason whatsoever

With 1,074 COVID-19 patients getting cured in the last 24 hours, India's recovery rate has further moved to 27.52 per cent, said the Ministry of Health and Family Welfare on Monday. Talking to media persons here, Lav Agarwal, Joint Secretary, Union Ministry of Health and Family Welfare, said: "A total of 1,074 people have been cured in the last 24 hours. This is the highest number of cured patient in a day. 11,706 people have been cured till to date. The recovery rate is 27.52 percent."

Till now, 11,706 people have been cured. In the last 24 hours, 1074 people have been cured.This is the highest number in terms of cured patients noted till date. Our recovery rate is now 27.52%. Total number of COVID19 cases is now 42533: Lav Agrawal, Joint Secy, Health Ministry pic.twitter.com/cyf6HDy5VK

— ANI (@ANI) May 4, 2020

On April 30, 630 COVID-19 patients had recovered in the 24 hours, taking the recovery rate to 25.19 per cent in the country which was 23.3 per cent on April 28.

According to the official data, India has registered 2,553 new COVID-19 cases in the last 24 hours, which have surged the total number to 44,532.

"A total of 2,553 cases have been increased in the last 24 hours which led the total number of cases to 44,532," Agarwal said.

Catch up on all the latest Crime, National, International and Hatke news here. Also download the new mid-day Android and iOS apps to get latest updates.

Mid-Day is now on Telegram. Click here to join our channel (@middayinfomedialtd) and stay updated with the latest news

This story has been sourced from a third party syndicated feed, agencies. Mid-day accepts no responsibility or liability for its dependability, trustworthiness, reliability and data of the text. Mid-day management/mid-day.com reserves the sole right to alter, delete or remove (without notice) the content in its absolute discretion for any reason whatsoever

'Live from Zoom, it's sometime between March and August!' The show that has received over 250 Emmy nominations in the past 5 decades, returns for a home edition, with a surprise host. With all our favourite shows going on Hiatus, the cast of the popular Talk show – Saturday Night Live came up with a special episode – 'Saturday Night Live at Home' to entertain the audience in their own quirky way. Watch how the show feels without all those specially crafted costumes and elaborative setups, highlighting the simplicity of the comedy.

The show, best known for featuring celebrity hosts, invites someone special for this edition. Having recently recovered from Coronavirus himself and been frequent on Saturday Night Live, Tom Hanks graces the show from his kitchen to host the first-ever remote episode of the famous talk show. Lighten up your Saturday evenings as you watch the rest of the cast members at home, in their kitchens, sleeping in their beds and hanging out with
their kids.

As the cast remains in self-isolation, the audience can watch Beck Bennet doing the dishes, Heidi Gardner deadlifting cartons of milk, and Alex Moffat sitting on his porch. The "remotely produced content" also includes Coldplay singer Chris Martin, Colin Jost and Michael Che, with the former playing Bob Dylan's "Shelter From the Storm" and the latter two hosting their "Weekend Update."

With all the stars gathered virtually to entertain you with a truckload of specials, the episode will air exclusively on Comedy Central on Saturday at 9 pm.

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[Source: Research & Innovation] A revolutionary approach to neuro-rehabilitation developed by EU-funded researchers could help intensive care patients to recover, including survivors of the COVID-19 pandemic.

[Source: Research & Innovation] ‘For Europe to come out stronger after the Corona crisis, we need to already direct our investments towards game-changing innovations that create a sustainable and human centric digital future’, according to the vision statement of the European Innovation Council Advisory Board published today.

[Source: Research & Innovation] A total of 117 innovative solutions to tackle the coronavirus have been selected as winners of the European Innovation Council-led #EUvsVirus Hackathon.

Franklin Templeton Debt crisis: FT investors can hope to get better realisation of their locked investment if the market sentiment improves

Seeking help from health experts could be the best way to win over eating disorders, suggests a new study. A new study has found young people are leaving

The recovery rate for patients infected with coronavirus stood at 22.17 per cent, the Union Ministry of Health and Family Welfare said on Monday. The

In India, in the past 24 hours, 2,293 new coronavirus cases have been reported, the most in a single day so far, taking the total number of cases to 37,336, the Union Health Ministry said on Saturday.

A simple, sniff test developed by scientists signals the consciousness after a brain injury. Published today in the journal Nature, the study involved

When it comes to SEO, unlike paid media efforts that have had to slow down, the best way forward is to do just that - keep moving forward. While the hospitality industry has seemingly taken a step back from digital marketing efforts, Google is movin...

In recent years, the travel industry has been impacted by environmental disasters including the droughts in Cape Town and the bushfires in Australia, which have awakened our business and personal consciousness. The industry has arguably been late to...

Switzerland has made a broadly balanced recovery from the economic crisis, but slower activity in Europe and pressures on the Swiss franc weigh on the near-term outlook, according to the latest Economic Survey of Switzerland.

During the last five years, Slovenia has endured a double‐dip recession that has seen unemployment increase to unprecedented levels, especially among the youth - Yet the situation has improved recently. As Slovenia reforms, it should continue to protect some of its great achievements, such as having one of the lowest levels of income inequality and relative poverty in the OECD.

The Slovak Republic is one of the most dynamic economies in the euro area. The country has continued to converge rapidly towards the living standards of advanced OECD economies. However, the Slovak Republic should continue on its path of reform to achieve balanced, fair and sustainable growth, according to a new OECD report.