New Zealand reported five new Coronavirus cases Monday as the nation got ready to ease the rules on a strict lockdown from midnight. Prime Minister Jacinda Ardern said there hasn't been widespread community transmission of the virus and the country has so far managed to avoid the worst scenarios for an outbreak.

She said it would continue to hunt down the last few cases. From midnight, certain businesses such as construction will be allowed to reopen, but social distancing rules will still apply. Ardern said the nation was opening up the economy, but not people's social lives.

S Korea to reopen schools
South Korea reported only 10 new cases, its 26th straight day below 100 as officials mulled reopening schools amid the slowing caseload. The figures released by the Korea Centers for Disease Control and Prevention on Monday brought the national totals to 10,738 cases and 243 deaths.

At least 1,044 infections have been linked to international arrivals, but such cases have also declined in recent weeks amid tightened border controls.

Prime Minster Chung Sye-kyun during a virus meeting Monday instructed education officials to prepare measures to ensure hygiene and enforce distance between students at schools so the government could announce a timeline for reopening schools no later than early May.

More US states to reopen
In the US, Colorado, Mississippi, Minnesota, Montana and Tennessee are also preparing to reopen economy, Reuters reported. Georgia, Oklahoma, Alaska and South Carolina had already started easing restrictions. "I would stay home if the government encouraged that, but they're not. They're saying, 'Hey, the best thing to do is go back to work, even though it might be risky,'" Royal Rose, 39, owner of a tattoo studio in Greeley, Colorado, told Reuters.

According to reports, the states have started easing lockdown without ensuring measures to trace the asymptomatic cases. Several health experts have warned that a hurry in easing lockdown may lead to a fresh wave of infections. Meanwhile, the White House said the jobless rate would be 16 per cent or higher this month. A record 26.5 million Americans have filed for unemployment since mid-March.

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After being the epicentre of the Coronavirus outbreak, China is final limping back into normalcy and the citizens, government, and public institutions are taking the necessary steps to avert another outbreak. And while the country is at it, a school in Hanzhou came with a creative idea to ensure children thoroughly follow social distancing norms.

Eileen Chengyin Chow, a professor at the Duke University posted pictures of first graders at the Yangzheng Elementary School in Hanzhou on her Twitter account on April 27. What’s striking about the pictures is the headgears the students are wearing in class, that bears resemblance to that of the soldiers belonging to the Song Dynasty. The colourful head gear, that teaches the historical context it has in the country and also helps maintain social distance,  has a 3 feet-long rod made of  soft materials such as cardboard or foam, attached on the sides.

Chow explains the  historical context of the headgears’ designs in the tweet, that reads, “The long horizontal plumes on Song Dynasty toppers were supposedly to prevent officials from conspiring sotto voce with one another while at court—so social distancing was in fact their original function!”

First graders back to school in Hangzhou, with social distancing headgear

The long horizontal plumes on Song Dynasty toppers were supposedly to prevent officials from conspiring sotto voce with one another while at court—so social distancing was in fact their original function! pic.twitter.com/0AOKsWE1xH

— eileen chengyin chow (@chowleen) April 27, 2020

The professor’s post garnered more than 17,300 likes and was retweeted over 8,300 times. The users commenting on the posts lauded the teacher who used a smart way to designed these headgears that has a historical significance.

Historical precedents used. Clever on the part of the teacher to be able to incorporate a history lesson and maintain social distancing.

— Olga Sadowy (@OSadowy) April 27, 2020

Wow! This is adorable and really interesting. I hope they are safe enough...

— Tristan Felix 🏳️‍🌈 (@tiger) April 27, 2020

This is ridiculously cute! Did they make the hats themselves? 😄

— Heather Jean Bruskay (@HBruskay) April 27, 2020

for all the nerds saying "but they can just get close face to face so this doesn't help"

making and decorating hats was obviously a fun thing for the kids to do while also learning some history

— bieb (@red_bieb) April 27, 2020

Wow I always thought it was a fashion choice

— josué (@joshnekoff) April 27, 2020

What do you think about the post?

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Many Americans in India who had signed up for airlifts back to the US are now deciding to stay back and "ride it out" during the COVID-19 pandemic, according to the State Department's top consular official. Principal Deputy Assistant Secretary of State Ian Brownlee said on Tuesday that many who had enlisted for repatriation from India were not responding to offers of seats on the planes arranged by the department to take them home.

The number of recorded COVID-19 cases in the US reached 1 million on Tuesday, with 58,348 deaths, while India had only 31,368 officially recorded cases with 1,008 fatalities, according to the Johns Hopkins University tracker. Brownlee said: "Two weeks ago, we had a list of folks and we were pretty sure if we called (the) folks they'd show up at the airport and say, 'Yes, please.' We're now getting to the point on that list, we're having to make multiple calls for individual seats because people are deciding 'No,' they'd just as soon ride it out where they are."

Last week he said that 4,000 Americans had been brought back to the US and 6,000 were waiting for airlifts. India has cancelled passenger flights and rail transportation during the strict lockdown imposed on March 25.

Brownlee had spoken earlier of the massive logistics effort required to bring Americans from around the vast country to Mumbai and New Delhi, the departure points for the chartered flights.

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The US became the first country in the world to have more than one million cases of the novel Coronavirus. It accounts for nearly one-third of the 3.1 million cases globally on Tuesday, while the fatalities spiked to over 58,300, exceeding the number of American soldiers who lost their lives in the two-decade-long Vietnam War.

'We're coming back strong'
According to the US National Archives, 58,220 American soldiers died in the Vietnam conflict, which began in 1955 and ended in 1975. With 58,355 deaths so far, the US also accounts for one-fourth of the over 2,13,000 global fatalities.

"We continue to pray for the victims as well as for those Americans who are grieving their lost ones and their loved ones. There's never been anything like this. We suffer with one heart but we will prevail. We are coming back, and we're coming back strong," US President Donald Trump said at the White House during his remarks on the Paycheck Protection Programme.

"Now that our experts believe the worst days of the pandemic are behind us, Americans are looking forward to the safe and rapid reopening of our country," he said. "Throughout this ordeal, millions of hard-working Americans have been asked to really make tremendous, tremendous sacrifices. It is sacrifices like nobody thought would even be possible; nobody thought we would ever be talking about something like this," Trump said. Meanwhile, several states have initiated the process to reopen their economies.

Some states reopen
In California, Governor Gavin Newsom outlined the phased reopening of his state.
"We are not going back to the way things were until we get to immunity or a vaccine. We will base reopening plans on facts and data, not on ideology. Not what we want. Not what we hope," he told reporters. More than 1,800 people have died due to the coronavirus in California so far. Schools and colleges, he said, could start in July-August.

Texas Governor Greg Abbott has also announced first phase reopening of the state. Tennessee on Monday allowed reopening of restaurants and later this week retail outlets could resume their businesses. Pennsylvania has announced three-phase reopening of the state beginning May 3. The US, Trump said, is opening up again.

58,355
No. of deaths due to COVID-19 in America

58,220
No. of US soldiers killed in two-decade-long war

People visit Yellow Crane Tower after it reopened to the public in China's Wuhan, the epicentre of the COVID-19 outbreak, on Wednesday. Pic/AFP

China's parliament to meet on May 22

China on Wednesday said it will hold from May 22 its annual parliament session, signalling that the pandemic that paralysed the country for over three months is finally under control. The third session of the 13th National People's Congress, which was to be held from March 5, was postponed for the first time ever due to the COVID-19 outbreak.

After rolling out exit plan, Spain sees spike

With 325 new deaths, Spain on Wednesday witnessed a slight rebound in fatalities, a day after Prime Minister Pedro Sanchez announced his plan to ease the COVID-19 lockdown. Individual exercise, haircuts and other personalised services with an appointment will be allowed from Saturday. COVID-19 has killed 24,275 Spaniards and infected over 2,12,000.

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The US Government, through its aid agency USAID, has announced a grant of an additional USD 3 million to India to mitigate the spread of COVID-19. In coordination with the Indian government, the USAID is providing these funds to the Partnerships for Affordable Healthcare Access and Longevity (PAHAL) project, an innovative financing platform of IPE Global, USAID said in a statement on Wednesday. US Ambassador to India, Kenneth Juster, stated: "This additional funding to support India in its continuing efforts to combat COVID-19 is yet another example of the strong and enduring partnership between the United States and India."

To date, the USAID has provided USD 5.9 million to assist India in responding to the COVID-19 outbreak. This assistance will help India slow the spread of COVID-19, provide care for the affected, disseminate essential public health messages to communities, and strengthen case finding and surveillance. Through the PAHAL project, the USAID will support the National Health Authority to establish a financing facility that can mobilize resources from the private sector to assist over 20,000 health facilities enrolled under Pradhan Mantri Jan Arogya Yojana (PM-JAY), India's health insurance scheme for 500 million poor and vulnerable people.

During the talks on April 04, Prime Minister Narendra Modi and US President Donald Trump had agreed to deploy the full strength of the India-US partnership to combat the coronavirus pandemic. Early this month, India, at the request of President Donald Trump, had exported 35.82 lakh tablets of hydroxychloroquine to the US along with active pharmaceutical ingredient or API required in the manufacturing of the drug.

Trump had thanked India for its decision to export hydroxychloroquine to fight coronavirus and lauded Prime Minister Modi for his "strong leadership" in helping "not just India, but humanity" in this fight.

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A six-year-old boy has been cheering up his neighbours with one joke at a time amid the distressful Coronavirus pandemic and the agonizing lockdown that followed, by putting up a joke stand outside his home in Saanich, a town in Canada's British Colombia.

A picture of Callaghan McLaughlin, sitting at his 'Drive-by, walk-by joke stand' with a wide smile was shared by his mother Kelsea on Instagram, where he has earned praises for his adorable efforts to make people smile. His mother requests in the caption to listen to a joke from him.

According to the CBC, Callaghan only knows 16-17 jokes which he learned from a joke book his mother gave him, and with these jokes, he does the best he can to make people have a hearty laugh.  The mother-son duo missed interacting with their neighbours due to the lockdown and came up with this idea that helps people cheer up.

 

 

 

View this post on Instagram

Please drive by and hear a joke from this kid 🥰 . . . #driveby #walkby #kidhumour #togetheryetapart #cadborobay

A post shared by Kelsea Murray-Roxburgh (@kelseamclaughlin) onApr 14, 2020 at 9:00am PDT

The post shared on Instagram received 188 likes with many users lauding him for his adorable effort to bring a smile on the faces of people. One user said, "What a sweet thing to do. You are a blessing." Another user said, "This is actually amazing! Well done Callaghan." A user commented, "This is so precious."

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Almost 1.6 billion workers in the informal economy, nearly half of the global workforce, face an immediate danger of losing their livelihoods due to the continued sharp decline in working hours because of the COVID-19 outbreak, the International Labour Organisation (ILO) has said. Over 430 million enterprises in hard-hit sectors such as retail and manufacturing risk "serious disruption", the UN agency added. The findings appear in the ILO Monitor third edition released on Wednesday.

Globally, there are some 3.3 billion workers. Two billion have jobs in the informal economy, the most vulnerable workers in the labour market. ILO said 1.6 billion in the informal economy "have suffered massive damage to their capacity to earn a living" as a result of the economic meltdown triggered by the COVID-19 pandemic.

Due to lockdowns or because they work in hard-hit sectors, these workers globally have seen a 60 per cent drop in income during the first month of the crisis. This translates into a over 80 per cent decline in Africa and the Americas, 70 per cent in Europe and Central Asia, and 21.6 per cent in Asia and the Pacific, the ILO said.

The ILO called for "urgent, targeted and flexible measures" to support both workers and business, particularly smaller enterprises and those in the informal economy.

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With the Coronavirus outbreak wreaking havoc across the globe with millions of people being infected and scores of lives claimed, government have made wearing face masks mandatory for people. The decision has made face masks a prized commodity for people.

Traffic in California came to brief halt after drivers had stopped to pick up face masks that were littered on the road. Although it is not clear how the masks ended up spilled on the highway, CBS reported that a man was spotted throwing boxes of masks on the road from a white truck.

The California Highway Patrol-Hayward posted pictures of the incident on their Facebook page where scores of masks were found lying on the southbound lanes of Interstate 880. “Multiple individuals stopped in lanes and stepped out of their vehicles to pick up masks,” read the post, adding that debris has been cleared and the lanes were opened.

The post also appealed drivers not to step out of their vehicle on an active freeway. Many users commenting on the post criticized the driver who reportedly threw the mask on the road, instead of donating it. One user said, “Just terrible! That person has no respect.” Another user said, “The highway does not have a need for medical masks. Therefore, I would have donated to an entity that did! A user said, “What a waste of something necessary now.”

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US President Donald Trump on Thursday threatened new tariffs against Beijing as he claimed to have seen evidence linking the novel Coronavirus to a lab in China's ground-zero city of Wuhan. Trump's comments undercut a rare public statement from his own intelligence community on Thursday which stated no such assessment has been made by them whether the COVID-19 outbreak began through contact with infected animals or if it was the result of an accident at a laboratory in Wuhan.

'I have evidence'

At his daily White House briefing on COVID-19 on Thursday, Trump was asked by a reporter: "Have you seen anything at this point that gives you a high degree of confidence that the Wuhan Institute of Virology was the origin of this virus?" "Yes, I have. Yes, I have," Trump said. He, however, refused to provide any details, except for saying that investigations are on and it would be out soon.

Asked what gave him a high degree of confidence that the virus originated from the WIV, he said, "I can't tell you that. I'm not allowed to tell you that."

The Office of the Director of National Intelligence said on Thursday it concurs with the "wide scientific consensus" regarding COVID-19's natural origins. The US has 1,069,400 confirmed cases of COVID-19.

WHO blamed for pandemic

Trump also blamed the World Health Organisation for the pandemic. "I think the WHO should be ashamed of themselves because they're like the public relations agency for China," he said. Trump, however, did not hold his Chinese counterpart Xi Jinping responsible for the global outbreak.

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China's warning of trade repercussions from Australia's campaign for an independent inquiry into COVID-19 has rattled Australian business leaders as President Donald Trump's administration urges other governments to back such a probe. China has accused Australia of parroting the US in its call for an inquiry independent of the World Health Organisation to determine the origins of COVID-19 and how the world responded to the emerging pandemic.

Chinese Ambassador Cheng Jingye used an Australian newspaper interview this week to warn that pursuing an inquiry could spark a Chinese consumer boycott of students and tourists visiting Australia as well as of sales of major exports including beef and wine. Australian Prime Minister Scott Morrison on Friday stood firm on his call for an inquiry and denied any motivation other than to prevent such a pandemic from happening again.

"I don't think anybody's in any fantasy land about where it started. It started in China. What the world over needs to know is how did it start and what are the lessons that can be learnt," Morrison said. "That needs to be done independently and why do we want to know that? Because it could happen again."

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China, where the deadly coronavirus first emerged in December last, reported just one COVID-19 case, the National Health Commission (NHC) said on Saturday. The death toll remained at 4,633 with no new fatality. As of Friday, the total confirmed cases on the mainland were 82,875. As many as 77,685 patients have been recovered, the NHC said.

One new imported coronavirus case was reported on Friday with no new local infection, it said. China has reported a total of 1,671 imported COVID-19 cases, including seven in critical condition. The Hubei province and its capital Wuhan, the epicentre of the virus, have not reported any coronavirus case for 28 consecutive days since April 4, local health commission said on Saturday. Hubei also lowered its COVID-19 emergency response from the highest level to the second-highest on Saturday.

The lowering of the emergency level shows a major breakthrough in Hubei's prevention and control against the coronavirus, Hubei Vice-Governor Yang Yunyan told media. Meanwhile, 20 new asymptomatic cases were reported on Friday, taking the total number of such patients to 989. Asymptomatic cases refer to people who are tested COVID-19 positive but develop no symptoms such as fever, cough or sore throat. However, they pose a risk of spreading the disease to others.

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The US food and drug regulatory body has allowed the emergency use of an investigational anti-viral vaccine to treat COVID-19 patients after some researches, including one led by an Indian-American physician, found that the drug helped recover some of the infected cases faster.

The Food and Drug Administration (FDA) gave emergency use authorisation (EUA) for the use of investigational anti-viral Remdesivir for the treatment of COVID-19 patients. "I'm pleased to announce that Gilead now has an EUA from the FDA for Remdesivir," US President Donald Trump told reporters at the White House on Friday.

Remdesivir is given to patients through a vein one time each day for up to 10 days depending on recommendations of healthcare providers. The US National Institute of Allergy and Infectious Diseases (NIAID) announced the results of a trial involving more than 1,000 people on Wednesday.

It found that hospitalised COVID-19 patients with respiratory distress got better quicker than those on a placebo. Specifically, patients on the drug had a 31 percent faster time to recovery. "Although the results were clearly positive from a statistically significant standpoint, they were modest," Anthony Fauci, the scientist who leads the NIAID, said. While not considered a miracle cure, Remdesivir's trial achieved a "proof of concept," according to Fauci that could pave the way for better treatments.

Possible side effects of Remdesivir include infusion-related reactions and increases in levels of liver enzymes. "These are not all the possible side effects of Remdesivir. It is still being studied so it is possible that all of the risks are not known at this time," said the FDA.

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Russia reported more than 10,000 new cases of coronavirus infections on Sunday, the first time the country's daily tally reached five figures."More than half of the 10,633 new cases reported were in Moscow, where concern is rising about whether the capital's medical facilities will be overwhelmed. Russia has recorded more than 1,34,000 coronavirus infections overall and 1,420 deaths."

150 test positive in Kabul
Afghanistan's public health ministry announced Sunday that 500 random Coronavirus tests in the capital revealed more than 150 positive results, raising fears that the virus may be spreading faster than originally thought.

Ministry spokesman Wahid Mayar called the results from Kabul "concerning" and said people must remain in their homes to slow the spread. He said the country's actual infection rate would likely increase as testing becomes more available. Afghanistan has thus far taken close to 12,000 samples, of which over 2,700 have been positive, and 85 have died.

Kabul and most other cities are in lockdown. Afghanistan has also received more than 250,000 refugees who have returned from Iran, the country hardest hit by coronavirus in the region. There are growing fears that the country's health care system, devastated by four decades of war, will be woefully unprepared for a major outbreak.

Pakistan's COVID-19 tally crosses 19,000

Pakistan's COVID-19 tally crossed 19,000 on Sunday after 989 new patients were diagnosed in the past 24 hours. The Ministry of National Health Services said 23 patients died in this period, taking the total toll to 440. The authorities so far have conducted 2,03,025 tests, including 8,716 in the last 24 hours. Prime Minister Imran Khan on Saturday said he was not sure when the anti-COVID-19 vaccine will be available and expressed fears that "we may have to live with the virus for six months or (even) a year". He said the war against the pandemic can be won by wisdom and not by using force to shut down the masses.

657 more infected in Singapore

Singapore on Sunday recorded 657 new cases, over 600 of whom are foreign workers, taking the total number of COVID-19 infections to 18,205. "The number of cases among migrant workers has been fluctuating in recent days due to clearance of backlogged cases by one laboratory," the Health Ministry said. Singapore will allow some businesses to reopen from May 12.

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From the US to Europe and Asia, people in many parts of the world are emerging from their homes as virus-related restrictions begin to ease and springtime temperatures climb.

Chinese were flocking to tourist spots, many newly reopened, after a relaxation of domestic travel restrictions ahead of a five-day holiday that runs through Tuesday.

Nearly 1.7 million people visited Beijing parks on the first two days of the holiday, and Shanghai's main tourist spots welcomed more than a million visitors, according to Chinese media reports. Many spots limited the number of daily visitors to 30 per cent of capacity or less, keeping crowds below average.

Masks were worn widely, from runners in Spain to beach-goers in the southern US. "It's great to have an audience after all these weeks," saxophonist Julia Banholzer, a native of Germany, said.

New Jersey reopened state parks, though several had to turn people away after reaching a 50 per cent limit in their parking lots. Margie Roebuck and her husband were among the first on the sand at Island Beach State Park. "Forty-six days in the house was enough," she said.

In Spain, many ventured out Saturday for the first time since a lockdown began on March 14. "I feel good, but tired. You sure notice that it has been a month and I am not in shape," Cristina Palomeque said in Barcelona. Prime Minister Pedro Sánchez asked citizens to remain vigilant. COVID-19 has caused over 25,100 deaths in Spain.

The divide in the US between those who want lockdowns to end and those who want to move cautiously extended to Congress. The Republican-majority Senate will reopen Monday, while the Democrat-controlled House of Representatives stays shuttered.

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The race by governments to develop mobile tracing apps to help contain infections after coronavirus lockdowns ease is focusing attention on privacy. The debate is especially urgent in Europe, which has been one of the hardest-hit regions in the world, with nearly 140,000 people killed by COVID-19. The use monitoring technology, however, may evoke bitter memories of massive surveillance by totalitarian authorities in much of the continent. The European Union has in recent years led the way globally to protect people's digital privacy, introducing strict laws for tech companies and web sites that collect personal information. Academics and civil liberties activists are now pushing for greater personal data protection in the new apps as well.

European authorities, under pressure to ease lockdown restrictions in place for months in some countries, want to make sure infections don't rise once confinements end. One method is to trace who infected people come into contact with and inform them of potential exposure so they can self-isolate. Traditional methods involving in-person interviews of patients are time consuming and labor intensive, so countries want an automated solution in the form of smartphone contact tracing apps. But there are fears that new tech tracking tools are a gateway to expanded surveillance. Intrusive digital tools employed by Asian governments that successfully contained their virus outbreaks won't withstand scrutiny in Europe.

Residents of the EU cherish their privacy rights so compulsory apps, like South Korea's, which alerts authorities if users leave their home, or location tracking wristbands, like those used by Hong Kong, just won't fly. The contact-tracing solution gaining the most attention involves using low energy Bluetooth signals on mobile phones to anonymously track users who come into extended contact with each other. Officials in western democracies say the apps must be voluntary. The battle in Europe has centered on competing systems for Bluetooth apps. One German-led project, Pan-European Privacy-Preserving Proximity Tracing, or PEPP-PT, which received early backing from 130 researchers, involves data uploaded to a central server.

However, some academics grew concerned about the project's risks and threw their support behind a competing Swiss-led project, Decentralized Privacy-Preserving Proximity Tracing, or DP3T. Privacy advocates support a decentralised system because anonymous data is kept only on devices. Some governments are backing the centralized model because it could provide more data to aid decisionmaking, but nearly 600 scientists from more than two dozen countries have signed an open letter warning this could, 'via mission creep, result in systems which would allow unprecedented surveillance of society at large.'

Apple and Google waded into the fray by backing the decentralized approach as they unveiled a joint effort to develop virus-fighting digital tools. The tech giants are releasing a software interface so public health agencies can integrate their apps with iPhone and Android operating systems, and plan to release their own apps later. The EU's executive Commission warned that a fragmented approach to tracing apps hurt the fight against the virus and called for coordination as it unveiled a digital 'toolbox' for member countries to build their apps with.

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US officials believe China covered up the extent of the COVID-19 outbreak — and how contagious the disease is — to stock up on medical supplies needed to respond to it, intelligence documents show. Chinese leaders "intentionally concealed the severity" of the pandemic from the world in early January, according to a four-page Department of Homeland Security (DHS) intelligence report dated May 1 and obtained by the AP.

Marked "for official use only," the DHS analysis states that, while downplaying the severity of the virus, China increased imports and decreased exports of medical supplies. It attempted to cover up doing so by "denying there were export restrictions and obfuscating and delaying provision of its trade data," the analysis states.

Hid details from WHO
The report also says China held off informing the World Health Organisation that the COVID-19 "was a contagion" for much of January so it could order medical supplies from abroad " and that its imports of face masks and surgical gowns and gloves increased sharply.

Those conclusions are based on the 95 per cent probability that China's changes in imports and export behaviour were not within normal range, according to the report. China publicly identified the pathogen as a novel Coronavirus on January 8.

Trump 'thinks' we'll have vaccine by year end

President Donald Trump says he believes a vaccine for COVID-19 will be available by the end of the year. Trump commented Sunday night during a televised town hall. "I think we'll have a vaccine by the end of the year. We'll have a vaccine much sooner rather than later," he said. Trump also increased his projection for the total US death toll to 1,00,000 — up by as much as 40,000 from what he had suggested just a few weeks ago. So far, over 67,000 have died in US.

'Remdesivir to be out by next week'

Antiviral drug Remdesivir, approved by the USFDA for emergency use to treat COVID-19 patients, is expected to be available by early next week, the CEO of Gilead Sciences, the pharmaceutical firm manufacturing the medicine has said.

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Australian flag carrier, Qantas on Tuesday extended international flight cancellations till the end of July, but said that it was in a strong position to endure disruptions caused by the COVID-19 pandemic.

The company said that domestic flights would be cancelled till the end of June and international services until the end of July, adding that domestic and trans-Tasman services could be quickly reinstated should restrictions ease in coming weeks, reports Xinhua news agency.

"Australia has done an amazing job of flattening the curve and we're optimistic that domestic travel will start returning earlier than first thought, but we clearly won't be back to pre-coronavirus levels anytime soon," Group CEO Alan Joyce said.

"With the possible exception of New Zealand, international travel demand could take years to return to what it was."

The company, which includes budget branch Jetstar, also revealed it had secured a further A$550 million ($354 million) in debt funding, placing it in a stronger position to endure the COVID-19 crisis.

According to Qantas, by reducing expenditure and borrowing against its fleet of aircraft, the company could survive several recovery scenarios, including one where current travel restrictions persisted until December 2021.

The reduction in expenditure is largely due to the standing down of more than 25,000 staff who were forced to use leave entitlements before receiving delayed financial assistance from the government.

"The impact of this stand down is deeply regrettable but has been greatly softened by the Australian Government's JobKeeper program, which the Group commenced paying several weeks ahead of the official payment start date," the airline said in a statement.

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The number of Coronavirus deaths in the US will jump to over 3,000 and new cases to about 2,00,000 per day by June 1, an internal draft report has said, even as over two dozen US states announced to open up their economy amid the health crisis.

The US is the worst-hit country from the pandemic. By Monday, over 1.2 million Americans tested positive for COVID-19 and the total number of fatalities crossed 69,000.

Multiple media reports on Monday quoted the draft report projecting the horrifying figures. "The numbers underscore a sobering reality: while the US has been hunkered down for the past seven weeks, not much has changed. And the reopening to the economy will make matters worse," The New York Times reported.

"There remains a large number of counties whose burden continues to grow," the US Centers for Disease Control and Prevention (CDC) warned according to the daily.
However, both the White House and the CDC disavowed the report. The slides carry the CDC's logo, The Washington Post reported. The projection was prepared by Justin Lessler, an associate professor of epidemiology at the Johns Hopkins Bloomberg School of Public Health.

"I had no role in the process by which that was presented and shown. This data was presented as an FYI to CDC. it was not in any way intended to be a forecast," Lessler told The Washington Post. "There are reopening scenarios where it could get out of control very quickly," he said.

US gave no proof on COVID-19 origin: UN

The WHO's emergencies chief Michael Ryan said on Monday it has received no evidence from the US government to back up allegations by President Donald Trump that virus could have originated at a laboratory in Wuhan. "From our perspective, this remains speculative."

4 new cases in S Korea, China

China and South Korea, which had early, intense outbreaks of the COVID-19, together reported only four new infections on Tuesday and were slowly resuming public events after months of containment efforts. While South Korea reported three new cases, China reported one.

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Several drugs approved for the treatment of hepatitis C viral infection have been identified as potential candidates against COVID-19 caused by the SARS-CoV-2 coronavirus, according to a study based on extensive calculations using supercomputer simulations.

Researchers from Johannes Gutenberg University Mainz (JGU) in Germany simulated the way that about 42,000 different substances listed in open databases bind to certain proteins of SARS-CoV-2, and thereby inhibit the penetration of the virus into the human body or its multiplication. Using the powerful MOGON II supercomputer operated by JGU and the Helmholtz Institute Mainz, the researchers made more than 30 billion single calculations within two months.

They found that compounds from the four hepatitis C drugs simeprevir, paritaprevir, grazoprevir, and velpatasvir have a high affinity to bind SARS-CoV-2 very strongly and may therefore be able to prevent infection. "This computer simulation method is known as molecular docking and it has been recognised and used for years. It is much faster and less expensive than lab experiments," said Professor Thomas Efferth from JGU, lead author of the study published in the Bulletin of the World Health Organization. "As far as we know, we were the first to have used molecular docking with SARS-CoV-2. And it is fantastic news that we have found a number of approved hepatitis C drugs as promising candidates for treatment," Efferth said.

The results are also supported by the fact that both SARS-CoV-2 and the hepatitis C virus are a virus of the same type, a so-called single-stranded RNA virus, explained Efferth. According to the researchers, a natural substance from the Japanese honeysuckle (Lonicera japonica), which has been used in Asia against various other diseases for some time now, might be another strong candidate against SARS-CoV-2. "Our research results now need to be checked in laboratory experiments and clinical studies," said Efferth. Molecular docking had already been used successfully in the search for active substances against the coronaviruses MERS-CoV and SARS-CoV, he added.

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Four top Republican senators have urged President Donald Trump to suspend all new guest worker visas for 60 days and certain categories of new guest worker visas, including the H-1B, for at least a year or until unemployment figures return to normal levels in the US amidst the coronavirus pandemic. The pandemic, which has so far claimed 76,000 lives and infected over 1,256,000 in the US, has ravaged the labour market, and 1 in 5 American workers have filed for first-time unemployment benefits since mid-March, when the lockdown hit businesses across the country, the world's largest economy.

1/5th workforce out of work

The letter to president Trump, dated May 7, has been signed by Senators Ted Cruz, Tom Cotton, Chuck Grassley and Josh Hawley. "More than 33 million Americans have filed for unemployment coverage just since mid-March, and approximately one-fifth of the American workforce is currently out of work. "This is a stunning difference compared with the historically-low nationwide unemployment rate of just 3.5 per cent in February this year," the senators said in their letter.

"To protect unemployed Americans in the early stages of economic recovery, we urge you to suspend all non-immigrant guest worker visas for the next 60 days," the senators said.

'Suspend EB-5 visa too'

"That suspension should, at a minimum, include H-2B visas (non-agricultural seasonal workers), H-1B visas (specialty occupation workers) and the Optional Practical Training programme (extension of foreign student visas after graduation). We also urge you to suspend the EB-5 immigrant visa programme, effective immediately," the lawmakers wrote. The H-1B work visa for foreign technology professionals is highly popular among Indians and a large number of Indians also opt for the EB-5 investors visa.

Worst monthly record

The US unemployment rate hit 14.7% in April, the highest rate since the Great Depression, as 20.5 million jobs vanished in the worst monthly loss on record. The figures are stark evidence of the damage the coronavirus has done to a now-shattered economy.

The collapse of the job market has occurred with stunning speed. The government's report Friday noted that many people who lost jobs in April but didn't look for another one weren't even counted in the unemployment rate. The impact of those losses was reflected in the drop in the proportion of working-age Americans who have jobs: Just 51.3%, the lowest on record.

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[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] EU-funded researchers have employed quantum physics to develop an optical microscope that opens up the potential to view the tiniest of objects - including many viruses - directly for the first time.

[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.

[Source: Research & Innovation] The European Innovation Council (EIC) Accelerator Pilot will work with an extra €150 million to support game-changing innovations to tackle the coronavirus crisis. The additional budget, approved by the European Commission today, will fund the best start-ups and SMEs who applied under the March cut-off.

[Source: Research & Innovation] Polymer Comply Europe (PCE) is pleased to announce its next live webinar on the polynSPIRE project “Demonstration of innovative technologies towards a more efficient and sustainable plastic recycling”, organised on behalf of European Plastics Converters (EuPC) and the polynSPIRE project. The live webinar will focus on recycling and redesigning the plastics value chain are essential in reusing plastic waste material and avoiding landfill. Webinar agenda: Welcome & Introduction About CIRCE The polynSPIRE project: goals, challenges and progress Questions & Answers Closing

[Source: Research & Innovation] Armed with a novel biosensor that uses acoustic waves to detect tumour DNA, an EU-funded project could increase the precision and affordability of cancer diagnosis and help make personalised treatment a reality for more patients.

India's GST Council has decided on a number of goods and services tax regime amendments to boost the availability of affordable housing in the country.

From January 1, 2020, sole proprietors in the Netherlands will be required to use new value-added tax identification numbers.

The Austrian Ministry of Finance has announced its decision to proceed with personal income tax cuts.

Indian share markets ended their trading session lower yesterday.

Benchmark indices edged lower tracking weak global cues as investors fretted over weak economic data and rising COVID-19 cases.

Barring energy stocks, all sectoral indices ended on a negative note with stocks in the power sector, telecom sector and consumer durables sector witnessing most of the selling pressure.

At the closing bell yesterday, the�BSE Sensex stood lower by 242 points and the�NSE Nifty�closed down by 72 points.

The SGX Nifty�was trading at 9,200, down by 53 points, at the time of writing.

The�BSE Mid Cap�index and the�BSE Small Cap�index ended their day down by 0.5% and 0.1%, respectively.

Speaking of the current stock market scenario, after a sharp rally in the past few weeks, the markets have turned volatile again.

You would be interested in knowing when the market will likely bottom out.

Vijay Bhambwani, editor of Weekly Cash Alerts, has the answer and he has recorded a video about it.

You can check the same here -�This is When the Stock Market Will Bottom Out

Also, our special report, How to Trade the Coronavirus Crash, is the most comprehensive report on how to trade the coronavirus, both from a short-term and long-term perspective. You can�claim your FREE copy here...

Top Stocks in Focus Today

From the pharma sector, Dr Reddy's Laboratories share price will be in focus as the company announced that the its NDA (new drug application) Elyxyb ((celecoxib oral solution 25 mg/mL) has been approved by the US Food and Drug Administration.

The drug is indicated for the acute treatment of migraine with or without aura in adults.

From the IT sector, HCL Technologies share price will also be in focus as the company reported a 22.8% year-on-year (YoY) rise in consolidated net profit at Rs 31.5 billion compared with Rs 25.7 billion in the same quarter last year.

Revenue for the quarter rose 16.3% YoY to Rs 185.9 billion from Rs 159.9 billion reported in the year-ago quarter. In dollar terms, revenue rose 11.7% YoY to US$ 2,543.40 million from US$ 2,277.80 million. On a sequential basis, dollar sales were flat. Sales growth in constant currency terms rose 13.5% YoY to US$ 2,584.60 million.

To know more about the company, you can read HCL Technologies' Q4FY20 result analysis on our website.

Market participants will also be tracking RBL Bank share price, Cyient share price and Gillette share price as these companies announced their March quarter results yesterday.

You can read our recently released Q4FY20 results of other companies here: Ambuja Cement,�IndusInd Bank,�Axis Bank,�Tech Mahindra,�HUL,�Reliance Industries,�Marico, Kansai Nerolac, NIIT Technologies, Persistent Systems.

GSK Sells Stake in HUL via Block Deal

From the FMCG sector, Hindustan Unilever (HUL) share price will be in focus as the UK-based Glaxo-SmithKline (GSK) offloaded its stake in HUL via block deals yesterday.

According to the term sheet, over 133 million shares are being offered in the range of Rs 1,850-1,950 to investors through a special block window. The deal will be valued roughly between Rs 246 billion to Rs 259 billion.

GSK and�Horlicks�are selling up to US$ 3.4 billion worth of HUL shares through what could be India's biggest secondary market block trades.

The British drug maker is looking to monetise about 5.7% of�HUL stock it had got after last year's merger of GSK Consumer Healthcare and HUL.

As per the scheme of amalgamation amongst GSK Consumer Healthcare and HUL, GlaxoSmithKline Pte had received 54.08 million shares of HUL, meanwhile Horlicks received 79.69 million shares.

Accordingly, parent company Unilever Plc and group companies' stake in HUL reduced to 61.9%, from 67.2% earlier after the issue of new shares.

Yes Bank Q4FY20 Results

Yes Bank reported better-than-expected March quarter (Q4FY20) results.

Yes Bank�posted a net profit of Rs 26.3 billion on the back of one-time gain attributed to an exceptional item of Rs 63 billion.

The bank has written-down additional tier-1 bonds as part of its planned reconstruction scheme, leading to a one-time gain of Rs 63 billion.

In the absence of the exceptional gain, the bank would have reported a net loss of Rs 36.7 billion.

The bank had reported a net loss of Rs 15.1 billion a year ago, while the same was Rs 185.6 billion in Q3FY20.

The bank's net interest income (NII) for the March quarter came in at Rs 12.7 billion, up 19.6% sequentially.

Net interest margin (NIM) for Q4FY20 came in at 1.9%, compared to 3.1% a year ago.

On the asset quality front, gross non-performing assets (NPA) fell 19% QoQ to Rs 328.8 billion, mostly on account of write-offs.

The bank's deposits plunged to Rs 1.05 lakh crore, down 54% YoY compared with Rs 2.27 lakh crore.

Meanwhile, Advances declined 29% YoY to Rs 1.7 lakh crore from Rs 2.4 lakh crore in the year-ago quarter.

For the financial year 2019-20 (FY20), the private lender posted a loss of Rs 164.2 billion, on a standalone basis, compared to net profit of Rs 17.2 billion in the previous year.

To know more, you can read Yes Bank's latest result analysis on our website.

Speaking of the banking sector, the low access to credit for micro small and medium enterprises (MSMEs) tells us there is a huge opportunity for lenders.

This is evident from the chart below:

India's Huge Lending Opportunity

Of the 60 million MSMEs in India, only 11% had access to credit from organised lenders. Most of them are self-financed or get credit from unorganised sources.

Here's what Tanushree Banerjee wrote about this in one of the editions of�The 5 Minute WrapUp...

• Self-financing limits the growth of these MSMEs. On the other hand, high interest rates from unorganised sources makes it difficult for them to earn profits.
  
  The Modi government is looking at various ways�to correct this problem. Mudra loans, online loans facilities are being made available to MSMEs.
  
  Slowly but surely, lenders are sensing the huge opportunity that lies ahead for this sector.
  
  Banks and other financial firms with prudent lending practices and strong distribution networks will benefit from this�megatrend.

Tanushree is counting on 7 top stocks from the Indian stock market that will benefit from this megatrend.

As per her, now is the right time to buy these stocks to profit from the�Rebirth of India.�You can read about them here.

And to know what's moving the Indian stock markets today, check out the most recent�share market updates here.

LAURUS LABS LTD share price has plunged 9% and is presently trading at Rs 488.

Meanwhile, the BSE HEALTHCARE Index is at 15,333 (up 1.6%).

Among the top losers in the BSE HEALTHCARE Index today is LAURUS LABS LTD (down 8.8%).

J.B.CHEMICALS (up 5.5%) and DR. REDDYS LAB (up 3.9%) are among the top gainers today.

Over the last one year, LAURUS LABS LTD has moved up from Rs 386 to Rs 488, registering a gain of Rs 102 (up 26.5%)..

The BSE HEALTHCARE has moved up from 14,034 to 15,333, registering a gain of 1,299 points (up 9.3%) during the last 12 months.

The top gainers among the BSE HEALTHCARE Index stocks during this same period were ABBOTT INDIA (up 144.4%), J.B.CHEMICALS (up 94.1%) and IPCA LABS (up 66.0%).

What About the Benchmark Indices?

The BSE Sensex is at 32,089 (up 1.7%). The top gainers among the BSE Sensex stocks today are ICICI BANK (up 4.0%). The most traded stocks in the BSE Sensex are SBI and INDUSIND BANK.

In the meantime, NSE Nifty is at 9,383 (up 1.5%). ZEE ENTERTAINMENT (up 6.1%) is among the top gainers in NSE Nifty.

Over the last 12 months, the BSE Sensex has moved down from 38,277 to 32,089, registering a loss of 6,188 points (down 16.48%).

Share markets in India are presently trading on a positive note. Benchmark indices advanced today tracking firm global cues.

Further, talks of an economic stimulus for small businesses battered by the coronavirus outbreak improved sentiment.

Reportedly, the government may unveil fiscal stimulus amounting to 0.3% of the country's gross domestic product, focusing on small and medium sized businesses, real estate firms and banks.

The BSE Sensex is trading up by 524 points while the NSE Nifty is trading up by 146 points.

The BSE Mid Cap index and the BSE Small Cap index are trading up by 0.9% and 0.7%, respectively.

Sectoral indices are trading mixed with stocks in the energy sector and telecom sector witnessing buying interest, while power stocks are witnessing selling pressure.

The rupee is currently trading at 75.44 against the US$.

Gold prices are currently trading down by 0.1% at Rs 46,134.

Speaking of the current stock market scenario, after a sharp rally in the past few weeks, the markets have turned volatile again.

You would be interested in knowing when the market will likely bottom out.

Vijay Bhambwani, editor of Weekly Cash Alerts, has the answer and he has recorded a video about it.

You can check the same here - This is When the Stock Market Will Bottom Out

Moving on, market participants are tracking Shree Cement share price, TCI Express share price, and SBI Cards and Payment Services share price as these companies are scheduled to announce their March quarter results (Q4FY20) later today.

You can read our recently released Q4FY20 results of other companies here: Ambuja Cement, IndusInd Bank, Axis Bank, Tech Mahindra, Reliance Industries, Marico, Kansai Nerolac, NIIT Technologies, Persistent Systems, SKF India.

In news from the banking sector, public sector banks (PSBs) sanctioned loans worth Rs 5.66 lakh crore for the March-April period to 41.81 lakh accounts, according to the finance ministry.

The borrowers represented the micro small and medium sized enterprises (MSMEs), retail, agriculture and corporate sectors.

Reportedly, PSB loans amounting to Rs 265 billion have been sanctioned in 2.37 lakh cases for MSMEs.

This is part of the PSB initiative to prioritise pre-approved emergency credit lines and enhanced working capital requirements to the sector.

Meanwhile, PSBs sanctioned loans worth Rs 773.8 billion to non-banking financial companies (NBFCs) and housing finance companies (HFCs) between March 1 and May 4.

Including the Reserve Bank of India's (RBI) targeted long term repo operations (TLTRO) window, PSBs extended Rs 1.08 lakh crore of financing to ensure business stability and continuity.

The finance ministry said that the three-month loan moratorium facility announced by the RBI has been availed by 3.2 crore PSB accounts.

On Thursday, Finance Minister Nirmala Sitharaman said that the Indian economy is poised to recover from the recent crisis brought upon by the coronavirus pandemic with PSB sanctioning loans worth Rs 5.66 lakh crore in just two months.

Speaking of the banking sector, the low access to credit for micro small and medium enterprises (MSMEs) tells us there is a huge opportunity for lenders.

This is evident from the chart below:

India's Huge Lending Opportunity

Of the 60 million MSMEs in India, only 11% had access to credit from organised lenders. Most of them are self-financed or get credit from unorganised sources.

Here's what Tanushree Banerjee wrote about this in one of the editions of The 5 Minute WrapUp...

• Self-financing limits the growth of these MSMEs. On the other hand, high interest rates from unorganised sources makes it difficult for them to earn profits.
  
  The Modi government is looking at various ways to correct this problem. Mudra loans, online loans facilities are being made available to MSMEs.
  
  Slowly but surely, lenders are sensing the huge opportunity that lies ahead for this sector.
  
  Banks and other financial firms with prudent lending practices and strong distribution networks will benefit from this megatrend.

Tanushree is counting on 7 top stocks from the Indian stock market that will benefit from this megatrend.

As per her, now is the right time to buy these stocks to profit from the Rebirth of India. You can read about them here.

Moving on to news from the FMCG sector, shares of Hindustan Unilever (HUL) rose 4% today after institutional investors bought stake in the company via open market on Thursday.

The NSE bulk deal data showed that foreign portfolio investor Societe Generale, a French multinational investment bank and financial services company, bought 129 million shares of HUL at an average price of Rs 1,902.

UK-based Glaxo-SmithKline (GSK) offloaded its stake in HUL via block deals, yesterday.

According to the term sheet, over 133 million shares were offered in the range of Rs 1,850-1,950 to investors through a special block window.

The deal is valued roughly between Rs 246 billion to Rs 259 billion.

Note that last week, HUL reported a 7% decline in volumes in Q4FY20. The company's profit before tax fell 10.6% to Rs 19.9 billion, while net profit declined 1.2% year-on-year (YoY) to Rs 15.2 billion.

HUL share price is presently trading up by 3%.

To know more about the company, you can HUL's latest result analysis on our website.

And to know what's moving the Indian stock markets today, check out the most recent share market updates here.

The international community has made important progress in improving developing countries' ability to tax multinational enterprises and boost domestic revenue mobilization, says the annual report for the initiative Tax Inspectors Without Borders.

On October 23, 2019, the Commissioner of the South African Revenue Service launched the re-established Large Business Centre, which aims to bring about higher levels of voluntary tax compliance among large taxpayers.

Coronavirus vaccine: World leaders and organisations, except the United States, have already pledged $8 billion to research, manufacture and distribute a possible vaccine and treatments for COVID-19 apart from the individual efforts taken by the countries and its pharmaceutical firms

The OnePlus Bullets Wireless Z earphones come with a magnetic stripe on the earbuds that pause music when attached.

COVID-19 will lead to fundamental, and possibly, permanent behavioural changes in the way people shop, consume media and how they regard the brands they do business with, said Prabhu Ram of CMR

Engineers have done preliminary work and talked to smartphone operating system makers Apple Inc and Google about possibly adopting technology the companies plan to release jointly this month to make tracing easier

Xiaomi has finally launched the Mi 10 in India, and with starting price of Rs 49,999, it goes up against the likes of the OnePlus 8 and the OnePlus 8 Pro, which were recently launched in India. Here it is compared with the OnePlus 8 Pro.

Facebook had announced a redesign of its desktop version in the F8 conference this year. Now, it is officially available for all users around the globe.

Stock specific action was seen in index heavyweight Reliance Industries gained 3.43% to Rs 1,558 on BSE after PE firm Vista Equity Partners said it would invest Rs 11,367 crore into Jio Platforms at an equity value of Rs 4.91 lakh crore and an enterprise value of Rs 5.16 lakh crore.

Shares of Asian Paints closed 1.01 per cent lower at 1,577against previous close of Rs 1593 on BSE

Share price of Biocon rose up to 3.22% to Rs 360.9 against previous close of Rs 349.65 on BSE

According to a PTI report, all state governments except Maharashtra have been paying for the railway costs to ferry passengers to their native places

Kerala coronavirus cases: With May 8 being the 100th day of COVID-19 outbreak in India, Kerala reported only one new case in 24 hours, state CM Pinarayi Vijayan said on Friday

UK COVID-19 news: The death comes as Britain prepares for some easing in the strict lockdown measures in place to curb the spread of the deadly virus as it is believed that Britain is past the peak of the pandemic

In a letter to Banerjee, Shah accused the Bengal government of not allowing "shramik (worker)" trains to reach Bengal and warned that non-cooperation would create hardship for state's migrants

Globally, efforts are underway to develop a vaccine to treat Covid 19 which has stalled economic activity and led to death of over 2.77 lakh people across the world

Under complete lockdown less than a quarter of India's $2.8 trillion economy is functional. We are expected to lose over Rs 32,000 crore ($4.5 billion) every day during the lockdown

A cluster-based approach to lending is likely to be the best strategy for optimal results in the shortest possible time to accelerate credit flow to the MSME sector