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Pressure on Italy’s ICUs continues to ease

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Reported by Chicago S-T 6 hours ago.

‘Anyone who loves Italy’ invited to fast Wednesday by Latter-day Saint leader as COVID-19 spreads

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Reported by Deseret News 19 hours ago.

Knights of Columbus announce donations for food banks amid coronavirus

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CNA Staff, Apr 8, 2020 / 12:11 pm (CNA).- The Knights of Columbus announced this week that the organization will donate over $1 million to food pantries throughout the United States in an effort to feed those in need during the coronavirus pandemic.

The Catholic fraternal group announced April 7 that it would provide funding of $100,000 each to food banks in New York, Connecticut, and Los Angeles, as well as $50,000 donations each to food banks in Atlanta, Baltimore, Boston, Chicago, Denver, Detroit, Houston, Miami, Newark, New Orleans, Philadelphia, Phoenix, Pittsburgh, Seattle, and Washington, D.C.

Supreme Knight Carl Anderson noted that since the group’s founding in 1882, the Knights have provided support throughout, during the 1918 flu pandemic, during two world wars, and after natural disasters.

In addition to the food bank donations, the Knights plan to fund the satellite transmission of several global broadcasts from the Vatican for Holy Week, including Good Friday Stations of the Cross April 10 led by Pope Francis, as well as the pope’s Easter Sunday Mass and Urbi et Orbi blessing April 12.

“With so many in Italy and around the world currently homebound, our support of Vatican broadcasts will allow our Holy Father to join in prayer with Catholics from every corner of the globe during this critical time,” Anderson said April 8.

Anderson said the group will also be donating $100,000 to the Vatican’s Bambino Gesù pediatric hospital in Rome, in order to allow the hospital to convert its neonatology department into a high-intensity treatment room for infants and newborns with COVID-19 infections.

Though the coronavirus outbreak in Italy has affected older adults most significantly, infants also are vulnerable. The treatment center will feature ventilators and other specialized equipment.

The Knights have announced several grassroots initiatives to respond to the needs of the COVID-19 pandemic. The organization has asked members to help provide food and other essentials to those in need. It has also urged members to take part in blood drives.

With public Masses suspended across the entire United States, many parishes are facing a cash flow shortfall due to a lack of in-person collections. Starting March 30, the Knights began offering a $1 million line of credit to Catholic dioceses to help dioceses and parishes suffering from the financial effects of the coronavirus pandemic.

The Knights of Columbus is a Catholic fraternal organization with nearly 2 million members in more than 15,000 local councils worldwide. Its members worked 76 million service hours in 2019 and helped donate more than $185 million in charitable causes. Reported by CNA 19 hours ago.

Are Adults Living With Parents Making the Pandemic More Deadly?

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Social scientists are debating a contentious theory that may help explain why the coronavirus appears to be more deadly in Italy and Spain. Reported by NYTimes.com 18 hours ago.

Live Coronavirus News and Updates

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New York State now has more confirmed cases than Italy. Congress mulls billions in additional funding. A jail in Chicago is the largest-known source of U.S. infections. Reported by NYTimes.com 18 hours ago.

Twitter CEO Jack Dorsey pledged to put almost a third of his $3.6 billion fortune into a fund that will tackle coronavirus relief. Here's how the world's wealthiest people are using their millions to fight the pandemic.

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Twitter CEO Jack Dorsey pledged to put almost a third of his $3.6 billion fortune into a fund that will tackle coronavirus relief. Here's how the world's wealthiest people are using their millions to fight the pandemic.· The wealthiest people in the world are spending hundreds of millions to fight the novel coronavirus.
· Billionaire philanthropist Bill Gates, Alibaba founder Jack Ma, former hedge fund manager George Soros, and Hong Kong's richest man Li Ka-Shing have collectively pledged over $1.2 billion towards various efforts to help alleviate the coronavirus outbreak.
· The largest single pledge came from Twitter CEO Jack Dorsey, who is giving nearly a third of his net worth to coronavirus relief efforts.
· The novel coronavirus has infected over 1.4 million people and killed over 80,000, including over 12,000 reported deaths in the United States.
· Keep reading to learn more about the coronavirus-related donations made by billionaires, listed in the order they were announced.
· Visit Business Insider's homepage for more stories.

*SEE ALSO: The coronavirus has already cost the ultra-wealthy more than $100 billion. Here's why they're likely to feel more pain from the market drops than the average American.*

*DON'T MISS: Meet secretive Cirque du Soleil billionaire Guy Laliberté, a space tourist and former street performer who was arrested for growing cannabis on his private island*

-Alibaba founder Jack Ma pledged 100 million yuan ($14.5 million) to "support the development of a coronavirus vaccine" on January 30.-

China's richest man announced the donation on Chinese Twitter-like platform Weibo, Business Insider reported. Two Chinese government research organizations will receive $5.8 million of the gift to work on creating a vaccine, according to Axios.

"We know that the battle between humanity and disease is a long journey," Ma's foundation said a post on its Weibo account. "This money will help various medical research efforts and help disease prevention."

Ma later donated an additional $2.15 million to the Peter Doherty Institute for Infection and Immunity in Australia to help fund the development of a vaccine, and sent shipments of face masks and testing kits to parts of the United States and Africa, Business Insider reported.-Bill and Melinda Gates pledged to donate $100 million through their foundation on February 5 to treat what he's calling a "once-in-a-century pathogen."-

The Gates' pledge will be used to support treatment efforts across the globe, build infrastructure to treat patients in Africa and Southern Asia, and fund the development of a vaccine, the couple's foundation said in a press release. They previously pledged to donate $10 million.

Bill Gates has long warned that the world is ill-equipped to manage a pandemic, Business Insider's Aria Bendix reported. The WHO has yet to conclusively say that the novel coronavirus has reached the level of a pandemic, but Gates disagrees. "I hope it's not that bad, but we should assume it will be until we know otherwise," Gates wrote in an op-ed for the New England Journal of Medicine February 28. 

Gates outlined his suggestions for containing the crisis in the essay, including sending highly trained healthcare workers to low- and middle-income countries in Africa and Southern Asia, establishing an international database on information on the outbreak, and funding vaccine manufacturing facilities.-Hong Kong's richest man, Li Ka-Shing, said he would donate HK$100 million ($13 million) to help medical workers in Wuhan on February 10.-

Li's foundation is also working to source medical supplies for health care workers in Wuhan and Hong Kong, Bloomberg reported.

Li said he planned to make his donation to the Red Cross Society of China, a government-organized non-government organization (GONGO) with no connection to The American Red Cross, according to Bloomberg. -Fashion designer Giorgio Armani gave €1.25 million ($1.43 million) to help fight the outbreak in Italy on March 8.-

The 85-year-old billionaire's gift will go to two hospitals and a research institute in Milan and another in Rome, Women's Wear Daily reported.

Italy has reported more than 16,000 deaths from the coronavirus, the highest number worldwide, Business Insider reported. The Lombardy region in the north of the country has been placed on lockdown and public places such as schools, gyms, and museums across the country were ordered closed in an attempt to contain the spread of the virus.

Armani built a $6.6 billion fortune from his eponymous fashion house, which also has accessories, cosmetics, real estate, restaurant, and hotel businesses, Forbes reported. Armani's fashion group is now using its factories to manufacture medical overalls for healthcare workers.-Facebook founder Mark Zuckerberg pledged $25 million to a Bill & Melinda Gates Foundation program researching treatments for COVID-19 on March 27.-

Zuckerberg and his wife Dr. Priscilla Chan made the gift through their foundation, the Chan Zuckerberg Initiative, Business Insider reported. The gift, along with additional contributions from Mastercard and the non-profit Wellcome, will be used to fund Gates' accelerator's search for a COVID-19 treatment among new and existing drugs.

Zuckerberg became the seventh-richest person in the world after founding Facebook, Business Insider reported.-Mukesh Ambani, the richest man in India, donated $66 million to coronavirus aid on March 30 after being slammed for ringing a bell from the balcony of his 27-story mansion to thank healthcare workers.-

Mukesh Ambani plans to donate ₹500 crore  ($66.7 million) to Indian Prime Minister Narendra Modi's coronavirus emergency fund, Business Insider reported. The gift is in addition to the foundation's previously announced work to build a hospital exclusively for coronavirus patients in Mumbai.

Ambani faced widespread criticism for his initial response to the virus, when his wife Nita Ambani shared a video of the billionaire ringing a bell from a glass-enclosed terrace of his mansion in Mumbai to thank front line workers for battling the virus on the streets below. At Modi's request, people across India spent five minutes clapping and clanging household objects that night to express their gratitude for healthcare workers, The Hindustan Times reported.

At the same time, Ambani saw his fortune sliced nearly in half over coronavirus fears. His net worth fell by 41% to $34.4 billion on March 19 alone as the virus' spread across the globe sent markets into turmoil. Ambani is now worth an estimated $39.3 billion, according to Bloomberg's Billionaires Index. His fortune comes primarily from his 42% stake in energy and telecommunications conglomerate Reliance Industries, according to Bloomberg.-Former hedge fund manager George Soros pledged €2 million ($2.2 million) to two different European cities by March 31.-

Half of the gift, which will be paid out through Soros' Open Society Foundation, will go to help the municipal government of Soros' native Budapest provide for the Hungarian capital's elderly and homeless populations during what Soros called an "unprecedented emergency," according to a statement emailed to Business Insider on March 30.

"I was born in Budapest, in the middle of the Great Depression, barely a decade after the Spanish Flu left thousands of dead in Budapest," Soros said in a statement. "I lived through World War II, the Arrow Cross rule, and the siege in the city. I remember what it is like to live in extreme circumstances."

The second half of the gift will be given to Milan to help the Italian city end and recover from its devastating coronavirus outbreak, the former hedge-fund manager announced in a statement emailed to Business Insider on March 31. Both gifts are part of Soros' larger "series of interventions" in Europe's coronavirus crisis, the 89-year-old billionaire's son Alex Soros said in the statement.

After leaving Budapest as a teenager, Soros built an $8.3 billion fortune running what was once the world's largest hedge fund, Business Insider reported.-Twitter and Square cofounder Jack Dorsey pledged to donate $1 billion to coronavirus relief efforts on April 7 — nearly a third of his net worth.-

Dorsey, who is the CEO of both Twitter and Square, announced on Twitter on Tuesday that he will set up a new charitable organization that will focus on helping those affected by the coronavirus.

After the pandemic, Dorsey's new fund will shift its attention to funding girls' health and education and universal basic income, Business Insider reported.

Before the gift, Dorsey had a net worth of $3.6 billion, Forbes estimates. Reported by Business Insider 18 hours ago.

FACT CHECK: Viral Image Falsely Claims To Show Bodies Of People Who Died From COVID-19 In Italy

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The image predates the pandemic by roughly six years Reported by Daily Caller 16 hours ago.

Watch people in cities around the world cheer from their windows and rooftops at the same time to thank healthcare workers and first responders

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Watch people in cities around the world cheer from their windows and rooftops at the same time to thank healthcare workers and first responders· Every day, people are cheering and clapping in cities around the world to show appreciation and solidarity with front-line workers fighting the pandemic, such as nurses, doctors, and first responders.
· Cities are coordinating designated times to come together while still at a distance to show they care for their essential workers.
· Healthcare workers are risking infection and working long hours and demanding shifts while often facing supply shortages as they battle the coronavirus outbreak.
· Visit Business Insider's homepage for more stories.

Cities around the world are coming together daily to show appreciation for healthcare workers and first-responders by cheering and making noise from rooftops, balconies, and windows.

People in major cities such as Los Angeles and London coordinated designated times to all cheer together, and in some cases, bang on pots and pans, as a symbolic gesture of appreciation and solidarity with healthcare workers.

Healthcare providers including nurses, doctors, EMTs, and medics are highly critical during the coronavirus pandemic and are over-worked with long, demanding shifts. The daily burst of noise shows support for the long hours workers put in each day and serves as a reminder to the general public about the importance of the precautions taken during the coronavirus pandemic by thinking about front-lines workers.

That's why people in New York created a social media campaign with the hashtag #ClapBecauseWeCare to get residents to come together and celebrate doctors, nurses, healthcare providers as well as other essential workers such as pharmacists, postal employees, grocery store workers, restaurant workers, truck drivers, and sanitation workers, among others.

But it's not just New York. Here are some videos of what the daily celebration looks like in different places across the world:

*SEE ALSO: 13 photos of New York City looking deserted as the city tries to limit the spread of the coronavirus*

-From the rooftops of New York City, the banging of pots and pans and cheering can be heard at 7 p.m. every evening.-

Tweet Embed:
//twitter.com/mims/statuses/1246937848617611264?ref_src=twsrc%5Etfw
This actually goes from 6:58-7:04 every night because New Yorkers don't half-ass anything. #ClapBecauseWeCare pic.twitter.com/0FBplfTyQA

 Tweet Embed:
//twitter.com/mims/statuses/1246937028010414081?ref_src=twsrc%5Etfw
Every single day at 7 p.m, people clap and cheer for the healthcare workers.

I love New York. pic.twitter.com/XE2oOwGuVZ

 -Other cities in the US, such as Atlanta and Los Angeles, in addition to cities in Canada like Vancouver, joined in the new routine of celebrating medical workers every day from their balconies and windows.-Tweet Embed:
//twitter.com/mims/statuses/1247001858150772737?ref_src=twsrc%5Etfw
#dtlaapplause. #ThankYouHealthCareWorkers Let's do it again tomorrow at 8pm #dtla. pic.twitter.com/EoI1JgGru9

 Tweet Embed:
//twitter.com/mims/statuses/1242298650685927425?ref_src=twsrc%5Etfw
Solidarity is a beautiful thing. Every night at 7pm Vancouverites cheer hospital workers during their daily shift change by cheering and making noise to show love and appreciation. ❤️🇨🇦 pic.twitter.com/ZnK7RQJWjL

 -Italy was one of the first countries to start the trend after people began bursting into song from their porches and windows.-

Tweet Embed:
//twitter.com/mims/statuses/1238787286889910274?ref_src=twsrc%5Etfw
#Flashmob dai #balconi ore 12: un lungo #applauso per sostenere chi sta lottando in prima linea contro il #coronavirus e per tutto quello che ognuno di noi sta facendo per il bene comune e per l'Italia.
Roma, via Malatesta#covid_19italia #Italy pic.twitter.com/cPCkCriwYC

 -But Italy isn't the only place in Europe where people are belting out cheers over the streets. People in Spain, France, the UK, and other countries are cheering too.-

Tweet Embed:
//twitter.com/mims/statuses/1242528523123863559?ref_src=twsrc%5Etfw
A minute of tribute for the nurses and doctors fighting against #COVID19 ... our appreciation and thanks #coronavirusEspana #CoronaMadrid #madridencuarentena pic.twitter.com/LgudzDpm1W

 Tweet Embed:
//twitter.com/mims/statuses/1241078481024356352?ref_src=twsrc%5Etfw
Paris claps and cheers for the health workers at 8pm... stay safe everybody! pic.twitter.com/EJqmvcIsEq

 Tweet Embed:
//twitter.com/mims/statuses/1243267294765232128?ref_src=twsrc%5Etfw
The #ClapForCarers heard out across London 👏👏👏👏#clapforNHS #clapforourcarers pic.twitter.com/5beBOP9h9k

 -The communal celebration has stretched around the globe, with people in Istanbul and Singapore also joining in the daily appreciation for healthcare workers.-

Tweet Embed:
//twitter.com/mims/statuses/1246258191836602371?ref_src=twsrc%5Etfw
#Singapore claps to show our appreciation to Covid-19 front-line warriors! 🙏🙏 #SGUnited #TogetherWeCan #covid19 #covid19singapore #WeAreAllInThisTogether pic.twitter.com/ZtmCVjrCPt

 Tweet Embed:
//twitter.com/mims/statuses/1241071582044467207?ref_src=twsrc%5Etfw
#Covid_19 #COVID19

Istanbul city showing appreciation to health workers, every night at 9pm everyone claps for 1 minutes from their balconies 👏🏻👏🏻👌🏻 pic.twitter.com/JjsrALxMQt

  Reported by Business Insider 16 hours ago.

Retired Scripture professor is first priest known to die in Rome of coronavirus

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Vatican City, Apr 8, 2020 / 02:45 pm (CNA).- Fr. Miguel Ángel Tábet is believed to be the first priest to die of the coronavirus in Rome. Two other priests living in the same residence of Opus Dei in Rome remain hospitalized.

The 78-year-old priest died on April 8 after treatment in the intensive care unit of the Biomedical University of Rome. He was an emeritus professor of Sacred Scripture and the exegetical history at the Pontifical University of Santa Croce.

“A priest who lived by teaching and seeking the Word of God has personally found the Divine Word. Let us pray for him and entrust ourselves to his intercession,” Fr. Luis Navarro, rector of the University of Santa Croce said April 8 of Tábet.

In a letter issued the day before Tábet died, Fr. Navarro asked for prayers for Tábet and two other Santa Croce professors infected with COVID-19.

Bishop Ignacio Carrasco de Paula, 82, is being treated in intensive care in the hospital. Carrasco served as the president of the Pontifical Academy for Life from 2010-2016 and was appointed a bishop by Benedict XVI.

“We are praying for a miracle that he might recover since his condition is not good at all,” Fr. Bob Gahl told CNA April 8.

Fr. Rafael Martínez, Vice Rector of Academic Affairs, is also hospitalized, but said to be recovering well.

Gahl said that the others living in the Opus Dei residence in Rome “have been quarantined for nearly two weeks as a precautionary measure, but thankfully none of the others have any significant symptoms.”

Fr. Tábet is remembered by his theology students as a joyful and wise teacher.

Tábet was born in Caracas, Venezuela in 1941, and had served as a theology professor at Santa Croce since 1984. He taught the Hebrew language, exegesis, and Biblical hermeneutics, and wrote numerous books in Spanish and Italian on the life of Christ, the early Church, and the Old Testament.

“A very cheerful priest all the time … he would always encourage people that it is good to know the life of Jesus Christ,” Lily Mbayi, a student from Kenya told CNA.

He had a very good sense of humor, Mbayi said, he could make an opportunity to laugh out of anything.

There have been 4,266 coronavirus cases in Lazio, the Italian region in which Rome is located, documented by Italy’s Ministry of Health.

The Vatican reported April 8 that another Holy See employee has contracted COVID-19 after visiting sick relatives in another region before the lockdown and remains outside of Rome. This brings Vatican City’s total to eight coronavirus cases, two of which are currently hospitalized.

Throughout Italy there have been 139,422 COVID-19 cases and 17,669 coronavirus related deaths, as of April 8.

Ninety-six Italian diocesan priests, mostly in northern Italy, have died after contracting COVID-19, according to Avvenire. Among them, Fr. Gioacchino Basile, 60, who died in a hospital in New York on April 4.

  Reported by CNA 15 hours ago.

Coronavirus update: US coronavirus deaths cross 14,300, second highest in world behind Italy

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Read more on https://www.fxstreet.com Reported by FXstreet.com 15 hours ago.

U.S. coronavirus deaths top 14,600, second highest in world behind Italy: Reuters tally

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U.S. deaths due to coronavirus topped 14,600 on Wednesday, the second highest reported number in the world behind Italy, according to a Reuters tally. Reported by Reuters 15 hours ago.

Disney+ Reaches 50 Million Subscribers in Just Five Months

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Five months after launching, and with millions of people stuck at home, Disney's streaming service Disney+ now has 50 million subscribers, reports Deadline.
Disney+ in early February had 28.6 million subscribers, which means the streaming service has grown by 21.4 million subscribers in the last two months. Much of the boost can be attributed to recent launches of the service in the UK, Ireland, Germany, Italy, Spain, Austria, France, Switzerland, and India.

50 million subscribers is ahead of Disney's own figures. When unveiling the service, Disney estimated that it would garner 60 to 90 million subscribers worldwide by the end of 2024, and if growth keeps up, Disney will hit that goal this year.

Apple has not released subscriber numbers, which means there's no direct comparison to Disney+. Since September, Apple has been providing a free year of service to everyone who purchases a new Apple device, so it will take over a year until Apple has large numbers of paying subscribers.

At launch, Disney+ ran promotions for discounted service for multiple years, marking the service down to the equivalent of $3.99, and has provided free Disney+ access to Verizon subscribers. Wit the exception of free trial members and Verizon users, customers with access to Disney+ are paying for it, unlike most ‌Apple TV‌+ subscribers at this time.

Disney+ has a significant edge over ‌‌Apple TV‌‌+ because Disney+ has an established catalog of content along with many popular Star Wars and Marvel franchises. "The Mandalorian," the key show Disney+ premiered with, received more attention than any of ‌‌Apple TV‌‌+'s launch shows, including "The Morning Show,""Dickinson,""See," and "For All Mankind."

Apple could catch up in the future given its huge subscriber base and the large number of people who own an Apple device, but it will be quite some time before Apple can match Disney's content offerings.

Tag: Disney

This article, "Disney+ Reaches 50 Million Subscribers in Just Five Months" first appeared on MacRumors.com

Discuss this article in our forums Reported by MacRumours.com 13 hours ago.

U.S. coronavirus deaths top 14,600, second highest in world behind Italy -Reuters tally

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U.S. deaths due to coronavirus topped 14,600 on Wednesday, the second highest reported number in the world behind Italy, according to a Reuters tally. Reported by Reuters India 9 hours ago.

Coronavirus outbreak: Wuhan reopens amid soaring cases

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Coronavirus outbreak: Wuhan reopens amid soaring cases The lockdown that served as a model for countries battling Coronavirus around the world has ended after 11 weeks: Chinese authorities are allowing residents of Wuhan once again to travel in and out of the city where the pandemic began. As of just after midnight Wednesday, the city's 11 million residents are now permitted to leave without special authorisation as long as a mandatory smartphone application powered by a mix of data-tracking and government surveillance shows they are healthy and have not been in recent contact with anyone confirmed to have the virus.

"I haven't been outside for more than 70 days," said an emotional Tong Zhengkun, who was watching the display from a bridge. Residents in his apartment complex had contracted COVID-19, so the entire building was shut down. He couldn't go out even to buy groceries, which neighborhood workers brought to his door. "Being indoors for so long drove me crazy," he said.

Prevention measures such as wearing masks, temperature checks and limiting access to residential communities will remain in place in Wuhan, which is the capital of Hubei. In an editorial, the ruling Communist Party's flagship People's Daily warned against celebrating too soon. The city was reopened even as even as the number of fresh COVID-19 cases crossed 1,000 in the country and two new deaths heightened concerns of a rebound in infections.*A woman adjusts her child's mask outside Hankou Railway Station in the capital city of Hubei province in China, as thousands of relieved citizens streamed out of the city, the epicentre of the Coronavirus pandemic, on Wednesday after months of lockdown was lifted. Pics/AFP*

The Chinese health authority said on Wednesday that 62 new confirmed COVID-19 cases were reported on the Chinese mainland on Tuesday, including 59 cases of people returning from abroad, taking the total tally to 1,042. Three new domestic cases were reported, including two in Shandong Province and one in Guangdong Province, the National Health Commission (NHC) said. Also on Tuesday, 137 new asymptomatic COVID-19 cases were reported and 1,095 asymptomatic cases were still under medical observation, the NHC said.

*757 deaths in Spain*
Several other parts of the world, too, continued to report cases and deaths. Spain recorded a second successive daily rise in Coronavirus-related deaths with 757 fatalities, lifting the total toll to 14,555, the health ministry said on Wednesday. The number of new infections in the world's second hardest-hit country after Italy also grew to 146,690, up from 140,510, it added. In Scotland. death toll rose to 366 with the country recording 70 new deaths, BBC reported. Another BBC report stated that with more than 1,800 deaths, the US on Tuesday reported the most casualties in a single day.

Japan's capital Tokyo recorded the highest spike in infections on Wednesday — the first day of state of emergency — since the outbreak, Reuters cited public broadcaster NHK. The total count in Tokyo went up to 1,339. WHO regional director Dr Hans Henri P Kluge has warned that the time has not come yet to relax the measures to fight COVID-19, according to the Guardian. Nearly 60 per cent of 217 people — many from Australia, Europe and the US -- on board a cruise ship off the coast of Uruguay have tested positive for Coronavirus, the ship's operator said on Tuesday.

US President Donald Trump has threatened to put a "very powerful" hold on US' funding to the World Health Organisation, accusing it of being "very China centric" and criticising it for having "missed the call" in its response to the pandemic. Meanwhile, in South Africa, cases of infection rose to 1,749 and the virus has so far killed 13 people. President Cyril Ramaphosa on Wednesday placed on special leave a minister seen lunching at a friend's house in violation of the three-week national lockdown to contain the virus.

*76*
No. of days Wuhan was under lockdown

*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 Reported by Mid-Day 10 hours ago.

How's the world economy doing?

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Most Asian equities retreated on Wednesday after a two-day rally as investors closely track developments in the crisis, while the oil market continued to fluctuate ahead of a crucial producers' meeting. Wall Street, where all three main indexes soared at least 7 per cent at the start of the week, turned into negative territory Tuesday.

The losses bled into Asia, with Hong Kong losing over one per cent, Singapore two per cent, and Sydney and Seoul each 0.9 per cent. Shanghai ended down 0.2 per cent, while Manila and Jakarta also saw steep falls. 10% reduction in Germany The German economy, Europe's biggest, is expected to shrink by nearly 10 per cent in the second quarter as COVID-19 paralyses the country, six leading research institutes warned Wednesday. Gross domestic product likely contracted by 1.9 per cent in the first three months of 2020, and is set to shrink by 9.8 per cent in the second quarter. Over the year, its economy is predicted to contract by 4.2 percent. French economy shrinks In its worst performance since 1945, the French economy shrank around 6 per cent in the first quarter of 2020, the Bank of France said Wednesday.

The It said economic activity plunged 32 per cent in the last two weeks of March. For every two weeks the country is locked down by the virus, the Bank of France expects the economy to shrink by 1.5 per cent. Meanwhile, European Union finance ministers failed to agree on a bailout plan to help hard-hit member states like Spain and Italy, face the outbreak, after Italy refused to abandon its plea for "coronabonds" to share the burden. Despite efforts, ministers were unable to bridge differences on how to rebuild their economies after COVID-19, with a North vs South split on burden-sharing for the worst-affected countries.

*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 Reported by Mid-Day 10 hours ago.

Italy’s Leading New Agency Taps Blockchain to Track Coronavirus News Sources

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Italy’s Leading New Agency Taps Blockchain to Track Coronavirus News Sources Blockchain technology has always been a powerful concept that needs to be explored further. It now appears that ANSA, Italy’s leading news agency, wants to use blockchain to prevent the spreading of fake coronavirus news. There are many potential use cases for blockchain technology today. Blockchain Solutions During the Coronavirus Crisis Exploring opportunities in the media industry is very interesting, for many reasons. It is an industry that has suffered from an influx of fake and incorrect news over the decades. ANSA, the leading news agency in Italy, wants to explore something new entirely. Their goal is to use a

The post Italy’s Leading New Agency Taps Blockchain to Track Coronavirus News Sources appeared first on The Merkle News. Reported by The Merkle 10 hours ago.

Qatar- 2 field hospitals delivered to Italy on Amir's directives

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(MENAFN - Gulf Times) Two military aircraft of the Qatar Amiri Air Force, carrying materials to setup two field hospitals, arrived in Italy Wednesd... Reported by MENAFN.com 10 hours ago.

Coronavirus: EU could fail over outbreak, warns Italy's Giuseppe Conte

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Giuseppe Conte tells the BBC EU leaders need to rise to the challenge of the pandemic. Reported by BBC News 5 hours ago.

Italy PM: EU needs to help virus hit countries

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Italian PM Giuseppe Conte tells the BBC EU leaders need to rise to the challenge of the pandemic. Reported by BBC News 9 hours ago.

Sport24.co.za | A month into lockdown, Serie A torn over return to action

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A month after Serie A last saw a ball kicked football-mad Italy is torn over whether to return to action or scrap the season. Reported by News24 8 hours ago.
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