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Congress on brink of $2 trillion rescue for virus-hit US economy

Washington, United States | AFP |  US lawmakers worked deep into Tuesday night trying to seal a deal that buttresses the teetering economy by giving roughly $2 trillion to hospitals, businesses and ordinary Americans buckling under the strain of the coronavirus pandemic. But a full day of intense, protracted negotiating was …

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Italy sees second successive drop in virus deaths

Rome, Italy | AFP |  Italy reported a second successive drop in daily deaths and infections from a coronavirus that has nevertheless claimed more than 6,000 lives in a month. The Mediterranean country has now seen its daily fatalities come down from a world record 793 on Saturday to 651 on …

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Trump says unproven coronavirus drugs could be ‘gift from God’

Washington, United States | AFP |  US President Donald Trump on Monday said antimalarial drugs that are under investigation to treat the new coronavirus could be a “gift from God” despite scientists warning against the dangers of overhyping unproven medicines. Trump announced last week his administration was working to dramatically expand …

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UN chief calls for ‘immediate global ceasefire’ amid pandemic

United Nations, United States | AFP | UN Secretary-General Antonio Guterres appealed Monday for an “immediate global ceasefire” to protect vulnerable civilians in conflict zones from the ravages of the coronavirus pandemic. “The fury of the virus illustrates the folly of war,” he said in a brief speech at UN headquarters …

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IMF warns coronavirus recession could be worse than 2009

Washington, United States | AFP | The world economy is facing “severe” economic damage from the coronavirus pandemic that could be even more costly than in 2009 and will require an unprecedented response, IMF chief Kristalina Georgieva said Monday. Georgieva called on advanced economies to provide more support to low income countries, which face a …

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Coronavirus, reelection squeeze Trump from two sides

Washington, United States | AFP | Under pressure on one side from an economy cratered by  coronavirus and on the other by his crumbling reelection campaign, President Donald Trump is struggling to deliver Americans a clear message. After having finally gone all in on the strategy of social distancing to halt …

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COVID-19 pandemic ‘accelerating’: WHO chief

Geneva, Switzerland | AFP | The new coronavirus pandemic is clearly “accelerating”, the World Health Organization warned Monday, but said it was still possible to change its trajectory by going on the attack. The remarks came as the number of deaths soared past 15,000, with more than 341,000 people infected worldwide, …

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