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Tuesday, March 31, 2020

Romanian Virus Death Toll Rises to Worst in EU’s Eastern Wing

Romanian Virus Death Toll Rises to Worst in EU’s Eastern Wing(Bloomberg) -- Romania is suffering a surge in fatalities caused by the coronavirus after tens of thousands of its citizens returned from Italy and Spain, making it the worst-hit nation in central and eastern Europe.The death toll surged to 69 in the past 24 hours, with more than 2,100 people infected with COVID-19. That’s almost the combined number of deaths in Hungary, Poland and the Czech Republic. The latter two countries -- along with Romania -- were among the European Union’s first after Italy to impose strict lockdowns on most aspects of public life earlier this month.A small historical town in the north of the country, Suceava, is the epicenter, with almost half of the deaths originating from a hospital where most doctors and nurses contracted the illness. The town, renowned for its UNESCO religious heritage status, was placed in full lockdown on Tuesday to try to limit the contagion. Authorities estimate that more than 1,000 more potentially positive cases are still unidentified.Ukraine also recorded the first cases in its western region bordering Romania. Authorities suspect a woman who returned from working in Italy passed the virus to 15 people in her village. Ukraine has currently registered 549 coronavirus cases and 13 deaths.Years of underfunding left Romania’s health-care system -- ranked one of Europe’s worst -- among the most exposed to the virus. In the face of the recent outbreak, medical staff at some small hospitals resigned, saying they don’t want to take the risk because they don’t have the proper equipment to treat infected patients.“I can’t issue a decree to force people to stay and fight on the front lines,” Health Minister Nelu Tataru said late Monday. “We’re making efforts to send equipment everywhere. This will give people the confidence they need to stay and fight.”Romania is trying to boost local production of face masks and protective suits, with companies switching production lines with help from the government. The cabinet of Prime Minister Ludovic Orban plans to boost the budget of the Health Ministry and will try to use all funds available at the EU level to confront the crisis.For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.




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$30 Million in Illegal Drugs Seized From Cross-Border Tunnel in San Diego, U.S. Says


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New Zealand, a country of about 5 million, has 18 million masks in its reserves, with 80,000 being made every day

New Zealand, a country of about 5 million, has 18 million masks in its reserves, with 80,000 being made every dayNew Zealand's prime minister posted a video of masks being made in a factory and said, "I'll admit, I have watched this video more than once."




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'Sailors do not need to die,' warns captain of coronavirus-hit U.S. aircraft carrier

'Sailors do not need to die,' warns captain of coronavirus-hit U.S. aircraft carrierThe captain of the U.S. aircraft carrier Theodore Roosevelt, in a blunt letter, has called on Navy leadership for stronger measures to save the lives of his sailors and stop the spread of the coronavirus aboard the huge ship. The four-page letter, the contents of which were confirmed by U.S. officials to Reuters on Tuesday, described a bleak situation onboard the nuclear-powered carrier as more sailors test positive for the virus. Captain Brett Crozier, the ship's commanding officer, wrote that the carrier lacked enough quarantine and isolation facilities and warned the current strategy would slow but fail to eradicate the highly contagious respiratory virus.




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AOC Drifts Away from Activist Left, Toward a More Conventional Staff and Political Strategy

AOC Drifts Away from Activist Left, Toward a More Conventional Staff and Political StrategyRepresentative Alexandria Ocasio-Cortez has taken steps recently to collaborate more with the Democratic establishment, taking a less contentious approach and allying with fellow Democratic members.After urging fellow progressives in 2018 to run for office with the support of the progressive group the Justice Democrats, which supported her, the New York Democrat has declined to endorse most of the candidates the group is backing to oust incumbent Democrats in 2020.Of the six candidates the group is backing this time around, Ocasio-Cortez has endorsed Jessica Cisneros in Texas and Marie Newman in Illinois, both of whom are running against conservative Democrats who oppose abortion and were subsequently supported by several other high-profile Democrats.The move comes as the Justice Democrats are recruiting progressive candidates to run against liberals and moderate Democrats."We don’t usually endorse so far out," Ocasio-Cortez's communications director, Lauren Hitt said of the congresswoman's lack of endorsements for the group of candidates, according to Politico.Meanwhile, Ocasio-Cortez, who shot to notoriety in 2018 when she ousted powerful Democratic congressman Joe Crowley, is also replacing some of her more radical, progressive top aides with more conventional political professionals, Politico reported.The freshman congresswoman has also struck a more conciliatory tone towards Democratic leadership in recent months, in February calling Pelosi the “mama bear of the Democratic Party.”She also criticized supporters of her progressive ally, 2020 presidential contender Bernie Sanders, for their antagonistic behavior online.“There’s so much emphasis on making outreach as conflict-based as possible,” she said. “And sometimes I even feel miscast and understood. Because it’s about what tools you use, and conflict is one tool but not the only tool.”Nevertheless, Ocasio-Cortez has largely maintained her status as a progressive standard-bearer. Earlier this year, she endorsed a group of progressive women running for Congress on Friday through her political action committee, Courage to Change.In January, she announced that she would not pay dues to the Democratic Congressional Campaign Committee, which works to elect Democrats to the House.




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12 Buildings That Show the Beauty of Deconstructed Architecture



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U.S. records 700 coronavirus deaths in a single day for first time

U.S. records 700 coronavirus deaths in a single day for first timeThe U.S. government raced to build hundreds of makeshift hospitals to ease the strain on overwhelmed healthcare systems as the United States marked 700 deaths in a single day from COVID-19 for the first time on Tuesday. Nearly half those deaths were in New York state, still the epicenter of the coronavirus pandemic, and New York City Mayor Bill de Blasio pleaded for reinforcements from the Trump administration, saying the worst may still be weeks away. De Blasio, a Democrat, said he had asked the White House for an additional 1,000 nurses, 300 respiratory therapists and 150 doctors by April 5 but had yet to receive an answer from the Trump administration.




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Venezuela rejects a U.S. offer to ease sanctions in exchange for transitional government

Venezuela rejects a U.S. offer to ease sanctions in exchange for transitional governmentA former senior U.S. government official says it's the "best" deal they can get, while an analyst said this is more about "politics than policy."




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Trump: a U.S. coronavirus death toll of 100,000 would mean his administration did 'a very good job'

Trump: a U.S. coronavirus death toll of 100,000 would mean his administration did 'a very good job'President Trump on Sunday said if his administration can keep the coronavirus death toll to 100,000 in the United States, it will have done a "very good job."Earlier in the day, Dr. Anthony Fauci, the head of the National Institute of Allergy and Infectious Diseases, said the coronavirus pandemic could cause between 100,000 and 200,000 deaths in the United States. Trump said while 100,000 is "a horrible number," if the U.S. can keep its death toll to "100,000, so we have between 100,000 and 200,000, we altogether have done a very good job."Trump also announced he is extending social distancing guidelines to April 30, a departure from his earlier declaration of having the U.S. "opened up" by Easter on April 12. That proclamation was "aspirational," Trump said.As of Sunday night, there are more than 139,700 confirmed cases of COVID-19 coronavirus in the United States, and at least 2,400 people have died from the virus.More stories from theweek.com Fox News reportedly fears its early downplaying of COVID-19 leaves it open to lawsuits CDC is weighing advising Americans to wear face masks outdoors Trump's message to blue states battling coronavirus: Drop dead




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Saudis Start to Unleash Oil Wave Despite U.S. Pressure

Saudis Start to Unleash Oil Wave Despite U.S. Pressure(Bloomberg) -- Saudi Arabia has made good on its pledge to ramp up oil exports in April, with a first wave of crude already on its way toward Europe and the U.S., a clear sign the price war remains in full swing.The kingdom has loaded several of the supertankers it hired earlier this month to boost its ability to increase exports, according to ship-tracking data. In addition, Riyadh has used the last few weeks to shuttle large amounts of crude into storage in Egypt, a stepping stone to the European market.The movements suggest that Riyadh is ramping up its oil production toward its target of supplying a record 12.3 million barrels a day in April, up from about 9.7 million in February, despite American pressure to end the price war.Saudi Arabia earlier this month slashed its official selling prices and announced the output hike after Russia refused to join other nations inside the OPEC+ alliance to cut output. The announcement, interpreted in the market as an oil price war, sent Brent and West Texas Intermediate crudes tumbling. Since then, the collapse in oil demand due to lockdowns to stop the spread of the coronavirus has depressed prices even more.In a sign that Riyadh is opening the valves, oil shipments have already surged in late March. For the first three weeks of March, Saudi Arabia was exporting at a rate of around 7 million barrels a day, but that jumped to more than 9 million barrels a day in the fourth week of the month.With oil prices at the lowest in nearly two decades, U.S. Secretary of State Michael Pompeo last week directly asked the kingdom to “rise to the occasion and reassure” the energy market, diplomatic language for ending the oil price war.American President Donald Trump and his Russian counterpart, Vladimir Putin, agreed in a phone call Monday that “current oil prices aren’t in the interests of our countries,” according to a Kremlin spokesman, though he declined to say what might be done to change the situation.Trump earlier indicated that he was concerned about the impact of low oil prices on the American petroleum industry. In an interview on “Fox & Friends,” he said Russia and Saudi Arabia “both went crazy” and started an oil price war.Despite the diplomatic pressure, Saudi Arabia is preparing to export more in the next few days. At least 16 very large crude carriers, collectively able to carry about 32 million barrels, are stationed near the Saudi oil terminals of Ras Tanura and Yanbu, according to shipping data tracked by Bloomberg.“Regardless of the recent headlines about the U.S. pressuring Saudi Arabia, we do not see any change in Saudi or Russian policy for now,” said Amrita Sen, chief oil analyst at Energy Aspects Ltd., a London-based consultant.Riyadh has already loaded three supertankers that are likely to head to the U.S., and it’s loading a fourth right now, according to oil market intelligence firm Vortexa Inc. The tankers, all hired by the Saudi national tanker company in the past few weeks to boost its shipping capacity, include the Dalian, the Agios Sostis I, the Maran Canopus, and the Hong Kong Spirit.Shipments to EgyptAlready through March, Saudi Arabia has exported about 1.3 million barrels a day into Egypt -- the highest level in at least three years -- to pre-position crude for re-export into Europe, according to shipping tracking data compiled by Bloomberg and people familiar with the operation.The surge in shipments to Egypt was so large that the African nation may become the largest destination for Saudi crude in March, displacing China and Japan, which traditionally top the ranking every month.The cargoes have gone to a terminal at the south end of the Suez Canal before getting pumped via pipeline across the country to a storage and export facility called Sidi Kerir on the Mediterranean Sea. From there, the crude will then get re-exported as part of Saudi Arabia’s plan to supply as much as it can, at deep discounts, into a market that doesn’t need the supply. The world’s largest oil tankers, known as VLCCs, cannot sail the Suez Canal fully loaded due to draft limitations.The next sign of whether the oil price war continues will come around April 5, when state-owned Saudi Aramco is expected to release its monthly official selling prices for May. Oil refiners and traders believe that Riyadh will have to deepen its discounts to sell all the oil the kingdom wants. If Aramco does indeed deepen the discounts, it will trigger a fresh round of tit-for-tat actions with other oil producing nations, piling further pressure on prices.(Updates with statement from Kremlin in seventh paragraph)For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.




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10 cruise ships that are still at sea as the coronavirus shuts down the cruise industry

10 cruise ships that are still at sea as the coronavirus shuts down the cruise industryShips from cruise lines like Princess Cruises, Holland America Line, and Cunard Line are still at sea.




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Outrage in India as migrants sprayed with disinfectant to fight coronavirus

Outrage in India as migrants sprayed with disinfectant to fight coronavirusIndian health workers caused outrage on Monday by spraying a group of migrants with disinfectant, amid fears that a large scale movement of people from cities to the countryside risked spreading the coronavirus. Footage showed a group of migrant workers sitting on a street in Bareilly, a district in the northern state of Uttar Pradesh, as health officials in protective suits used hose pipes to douse them in disinfectant, prompting anger on social media. Nitish Kumar, the top government official in the district, said health workers had been ordered to disinfect buses being used by the local authorities but in their zeal had also turned their hoses on migrant workers.




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Top White House advisers predict as many as 240,000 US deaths from coronavirus - live updates

Top White House advisers predict as many as 240,000 US deaths from coronavirus - live updatesMembers of the Trump administration laid out dire estimates Tuesday to underscore the potential impact of the coronavirus pandemic in the U.S.




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US warship captain seeks crew isolation as virus spreads

US warship captain seeks crew isolation as virus spreadsThe captain of a U.S. Navy aircraft carrier facing a growing outbreak of the coronavirus is asking for permission to isolate the bulk of his roughly 5,000 crew members on shore, which would take the warship out of duty in an effort to save lives. In a memo to Navy leaders, the captain of the USS Theodore Roosevelt said that the spread of the disease is ongoing and accelerating and that removing all but 10% of the crew is a “necessary risk” in order to stop the spread of the virus. Navy leaders on Tuesday were scrambling to determine how to best respond to the extraordinary request as dozens of crew members tested positive.




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‘Never Thought I Would Need It’: Americans Put Pride Aside to Seek Aid


By BY CARA BUCKLEY from NYT U.S. https://ift.tt/2Uygm6p

Human Rights Group Says Two U.S. Strikes Killed Somali Civilians


By BY CHARLIE SAVAGE AND HELENE COOPER from NYT World https://ift.tt/3dFYDSa

Hellmut Stern, 91, Dies; Violinist Returned to Germany After Fleeing


By BY KATHARINE Q. SEELYE from NYT Arts https://ift.tt/2R0fBku

Coronavirus Spreads in Veterans’ Home, Leaving ‘Shuddering Loss for Us All’


By BY ELLEN BARRY from NYT U.S. https://ift.tt/3dLIbQg

Before You Adopt: Planning a Lifelong Commitment to Your Pet’s Health


By BY SASSAFRAS LOWREY from NYT Smarter Living https://ift.tt/2UvKNdC

How to Touch Up Your Roots at Home


By BY CRYSTAL MARTIN from NYT Style https://ift.tt/3bE2NIq

Coronavirus May Kill 100,000 to 240,000 in U.S. Despite Actions, Officials Say


By BY MICHAEL D. SHEAR AND JAMES GLANZ from NYT U.S. https://ift.tt/2JwnJVP

¿Quién iba a decir que ir al supermercado sería tan estresante?


By BY TARA PARKER-POPE from NYT en Español https://ift.tt/2WVd9Q5

Coronavirus: Stock markets suffer worst quarter since 1987

The Dow Jones and FTSE 100 have fallen more than 20% since the start of the year.

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Monday, March 30, 2020

Alison Roman’s Seder Table


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Trump’s Virus Defense Is Often an Attack, and the Target Is Often a Woman


By BY ANNIE KARNI from NYT U.S. https://ift.tt/3dCNjWW

Listen to the Call: Bullock and Trump Discuss Testing


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Keep It Simple, Albany. This Is No Time for Budget Games.


By BY THE EDITORIAL BOARD from NYT Opinion https://ift.tt/3bE75zo

Joe Diffie, Grammy-Winning Country Music Star, Dies at 61


By BY JON CARAMANICA from NYT Arts https://ift.tt/2WT1pNQ

Trump Suggests Lack of Testing Is No Longer a Problem. Governors Disagree.


By BY JONATHAN MARTIN, MAGGIE HABERMAN AND MIKE BAKER from NYT U.S. https://ift.tt/3dGuKBm

Congress Just Spent $2 Trillion on Coronavirus Relief. It’s Eying More.


By BY EMILY COCHRANE from NYT U.S. https://ift.tt/3dMluM7

The Justice Department is reportedly investigating actions by US lawmakers who dumped stocks before the market plunged over coronavirus fears

The Justice Department is reportedly investigating actions by US lawmakers who dumped stocks before the market plunged over coronavirus fearsThe FBI has reportedly reached out to Republican Sen. Richard Burr as part of the investigation, which is in its early stages.




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Fauci says coronavirus deaths could top 100,000 in U.S.

Fauci says coronavirus deaths could top 100,000 in U.S.Dr. Anthony Fauci says the United States could experience more than 100,000 deaths and millions of viral infections from the coronavirus pandemic.




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New York's Cuomo pleads for doctors, nurses from other states to aid its hospitals

New York's Cuomo pleads for doctors, nurses from other states to aid its hospitalsSpeaking at a makeshift hospital in Manhattan preparing to receive its first patients on Monday, Cuomo sought to divert attention from any tension with Trump, with whom he has tussled in recent days over the distribution of ventilators in storage. "I am not engaging the president in politics," said Cuomo, who has emerged as a leading national voice on the coronavirus pandemic. New York is at the epicenter of the crisis.




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China Clashes at Virus Epicenter Show Risks Facing Xi Jinping



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Iran virus cases top 40,000

Iran virus cases top 40,000The number of declared coronavirus infections in Iran topped 40,000 Monday, as the government warned the outbreak could run for several more months and cost over 10,000 lives. With the tally climbing, President Hassan Rouhani stood accused of failing to take prompt action by some of his political opponents. The row came as a report by Iran's anti-coronavirus committee said the country may struggle with the outbreak until at least early summer.




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White House task force official says 'no state, no metro area' will be spared from coronavirus

White House task force official says 'no state, no metro area' will be spared from coronavirusThe United States is preparing for a novel coronavirus epidemic that is national in scope."No state, no metro area will be spared," Dr. Deborah Birx, the coronavirus response coordinator for the White House Coronavirus Task Force, told NBC's Chuck Todd on Sunday's edition of Meet the Press.Birx was clear that no area of the country will evade the effects of the virus, but said the sooner places react and instill mitigation measures, the easier it will be to "move forward."> WATCH: Dr. Deborah Birx says "no metro area will be spared" of the coronavirus outbreak. MTP IfItsSunday> > Dr. Birx: "The sooner we react and the sooner the states and the metro areas react and ensure that they have put in full mitigation ... then we'll be able to move forward." pic.twitter.com/B9Fo3lUVHA> > -- Meet the Press (@MeetThePress) March 29, 2020Dr. Anthony Fauci, the head of the National Institute of Allergy and Infectious Diseases, also provided a sense of scale Sunday, but he said he doesn't want to be held to any prediction. Fauci told CNN's Jake Tapper that he's never seen an outbreak match the worst-case scenario of its models, and he believes that remains unlikely for the coronavirus, as well. Nevertheless, he thinks it's possible the U.S. could be looking at somewhere between 100,000 and 200,000 deaths. > Dr. Anthony Fauci says there could potentially be between 100,000 to 200,000 deaths related to the coronavirus and millions of cases. "I just don't think that we really need to make a projection when it's such a moving target, that you could so easily be wrong," he adds. CNNSOTU pic.twitter.com/F2MOHY3xl4> > -- State of the Union (@CNNSotu) March 29, 2020More stories from theweek.com Trump's message to blue states battling coronavirus: Drop dead Fox News reportedly fears its early downplaying of COVID-19 leaves it open to lawsuits How coronavirus has reshaped Trump's economy-driven, rally-heavy re-election campaign




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An Arkansas doctor stayed in his home to socially distance from his wife and child. Days after his photo went viral his house was destroyed by a tornado.

An Arkansas doctor stayed in his home to socially distance from his wife and child. Days after his photo went viral his house was destroyed by a tornado.He went viral for distancing from his wife and 1-year-old son. Days later, his house was destroyed by a tornado that hit Jonesboro, Arkansas.




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Trump news – live: President now admits coronavirus deaths won’t slow until June as hospital ship arrives in New York harbour

Trump news – live: President now admits coronavirus deaths won’t slow until June as hospital ship arrives in New York harbourDonald Trump has branded House speaker Nancy Pelosi “a sick puppy” during an interview with Fox and Friends after extending the timeline for the US to remain in lockdown over the coronavirus pandemic until at least 30 April, abandoning his “aspiration” to have the country back in business by Easter.The White House’s top infectious disease expert, Dr Anthony Fauci, has meanwhile warned that his projection of a potential 100,000 to 200,000 American deaths is “entirely conceivable” if not enough is done to mitigate the crisis, with the president commenting that containing the disaster to that level would represent “a very good job”.




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29 Best Closet Organization Ideas to Maximize Space and Style



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New York Gov. Cuomo extends order advising residents to stay at home for at least another two weeks

New York Gov. Cuomo extends order advising residents to stay at home for at least another two weeks"The non-essential workforce is directed to continue to work from home," Cuomo said a day after the president decided against a mandatory quarantine.




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FBI report describes China’s ‘biosecurity risk’

FBI report describes China’s ‘biosecurity risk’In late November 2018, just over a year before the first coronavirus case was identified in Wuhan, China, U.S. Customs and Border Protection agents at Detroit Metro Airport stopped a Chinese biologist with three vials labeled “Antibodies” in his luggage.




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Coronavirus deaths fall again in Italy but lockdown extension looms

Coronavirus deaths fall again in Italy but lockdown extension loomsThe number of deaths from coronavirus in Italy fell for the second consecutive day on Sunday but the country still looked almost certain to see an extension of stringent containment measures. The Civil Protection department said 756 people had died in the last day, bringing the total to 10,779 - more than a third of all deaths from the virus worldwide. "The measures that were due to expire on April 3 inevitably will be extended," Regional Affairs Minister Francesco Boccia told Sky TG24 television.




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Coronavirus: India's pandemic lockdown turns into a human tragedy

Coronavirus: India's pandemic lockdown turns into a human tragedyHundreds of thousands of migrant workers are fleeing cities, posing a fresh risk of infection.




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Pelosi aims to move fast on next rescue package

Pelosi aims to move fast on next rescue packageThe speaker is eager to include Democratic priorities in any coronavirus relief bill.




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A coronavirus patient's phlegm or poop could still have live virus in it even after they recover and test negative, new research suggests

A coronavirus patient's phlegm or poop could still have live virus in it even after they recover and test negative, new research suggestsNew research raises doubts about whether negative throat swabs are enough to say a patient is coronavirus-free. Doctors may have to sample their poop.




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Coronavirus: New York bar owner becomes first to be arrested for ignoring lockdown

Coronavirus: New York bar owner becomes first to be arrested for ignoring lockdownThe owner of a bar in New York City has been arrested for operating in contravention of the city’s coronavirus lockdown measures.New York police confirmed on Monday that 56-year-old Vasil Pando had been arrested on Saturday night at an address in Brooklyn.




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Sunday, March 29, 2020

Prime Minister Boris Johnson is spending £5.7 million to write to all 66 million people in the UK, urging them to stay at home to fight coronavirus

Prime Minister Boris Johnson is spending £5.7 million to write to all 66 million people in the UK, urging them to stay at home to fight coronavirus"The more we all follow the rules, the fewer lives will be lost and the sooner life can return to normal," Johnson said in a letter




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Coronavirus cradle Wuhan partly reopens after lockdown

Coronavirus cradle Wuhan partly reopens after lockdownPeople enter the Chinese city where the coronavirus outbreak began for the first time in months.




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China defends against incoming second wave of coronavirus

China defends against incoming second wave of coronavirusA growing number of imported coronavirus cases in China risked fanning a second wave of infections when domestic transmissions had "basically been stopped", a senior health official said on Sunday, while eased travel curbs may also add to domestic risks. China, where the disease first emerged in the central city of Wuhan, had an accumulated total of 693 cases entering from overseas, which meant "the possibility of a new round of infections remains relatively big", Mi Feng, spokesman for the National Health Commission (NHC), said. Nearly a quarter of those came from arrivals in Beijing.




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Australia to Unveil Wage Subsidies, Limits Foreign Takeovers

Australia to Unveil Wage Subsidies, Limits Foreign Takeovers(Bloomberg) -- Australia will announce further income support for workers on Monday as part of a third stimulus package as the coronavirus savages the economy.Treasurer Josh Frydenberg also announced tighter restrictions on foreign takeovers, ensuring all proposed overseas investment in Australian businesses will trigger government scrutiny, regardless of the value.The government is battling to cushion the impact of the outbreak and safeguard jobs and has already passed more than A$80 billion worth of fiscal stimulus. In an interview with Sky News Monday, Frydenberg declined to comment on the scale of the planned wage subsidies, reported to be up to A$1,500 a fortnight per employee for the next six months.“The announcement today is all about providing additional income support,” Frydenberg said. The Australian Financial Review reported at the weekend the subsidy will be similar to the 75%-80% program enacted by Canada, Denmark and the U.K.The virus has smashed the economy and Australia’s unemployment rate could soar to 12%, from 5.1% in February, as tens of thousands of workers lose their jobs amid the shutdown. Fashion and homewares chain Country Road on Saturday joined a swathe of retailers closing their doors as consumer confidence slumps and people stay at home. Prime Minister Scott Morrison on Sunday limited public gatherings to just two people under tighter social-distancing controls as the national death toll climbed to 16.Australia Limits Public Gatherings to 2 as Death Toll Rises Australia’s banks are extending a six-month deferral of loan repayments to 98% of companies, according to the Australian Banking Association. The support was initially extended only to small businesses.Under new rules announced by Frydenberg, all proposed foreign investment in Australia will require scrutiny by the Foreign Investment Review Board. The change removes thresholds for scrutiny that ranged from A$1.2 billion to A$275 million depending on the buyer or nation.“This is not an investment freeze,” Frydenberg said in a statement. “Australia is open for business and recognizes investment at this time can be beneficial if in the national interest.”“However, these measures are necessary to safeguard the national interest as the coronavirus outbreak puts intense pressure on the Australian economy and Australian businesses,” he added.For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.




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Cruise workers are using TikTok to give a behind-the-scenes look into what life is like on an empty cruise ship

Cruise workers are using TikTok to give a behind-the-scenes look into what life is like on an empty cruise shipWhile Carnival, Royal Caribbean, and Norwegian have canceled US-based cruises until mid-April at the earliest, some ships are still at sea.




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No alcohol, no dog walks: Lockdown life in South Africa

No alcohol, no dog walks: Lockdown life in South AfricaSouth Africa government has introduced stringent measures to halt the spread of coronavirus.




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The mystery behind Germany's low coronavirus death rate

The mystery behind Germany's low coronavirus death rateExperts see a number of possible reasons why Germany has fared better than Italy in the pandemic so far.




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Fox News Breaking News Alert

Fox News Breaking News Alert

TUNE IN: Elton John, Mariah Carey and more on 'FOX Presents the iHeart Living Room Concert for America'

03/29/20 5:54 PM

The Best Movies and Shows on Hulu Right Now


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Wallpaper

Bridal

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