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Coronavirus: latest global developments

Paris, France | AFP | Here are the latest developments in the coronavirus crisis: – US Senate passes huge rescue package – The US Senate unanimously approves the nation’s largest-ever rescue package, a $2 trillion lifeline to suffering Americans, depleted hospitals and an economy ravaged by the pandemic. The measure must …

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Pope reportedly tests negative for virus after Vatican scare

Vatican City, Holy See | AFP | Pope Francis was reported Thursday to have tested negative for the novel coronavirus after a person in his residence was said to have contacted COVID-19. Several Italian newspapers with reputable sources in the Vatican said the Italian clergyman who got sick had lived for …

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Saudi chairs G20 crisis talks as virus threatens recession

Riyadh, Saudi Arabia | AFP |  Leaders of the G20 major economies will hold an online summit Thursday in a bid to fend off a coronavirus-triggered recession, after criticism the group has been slow to address the crisis. US President Donald Trump and Russian President Vladimir Putin will join the emergency …

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Gold sparkles in COVID-19 shadow

London, United Kingdom | AFP |  Gold, prized by investors in times of crisis as a safe haven, is experiencing surging demand in the face of the coronavirus outbreak — from both commodity traders and retail buyers. The precious metal had forged a seven-year peak on commodity markets this month as …

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For Japan’s Abe, Olympic delay may be no sweat

Tokyo, Japan | AFP |  The stunt reflected his commitment to an event that was supposed to be the crowning glory of his tenure. But analysts say the historic delay of the Games over the coronavirus may not be all bad news for Abe. If the country’s longest-serving premier can see …

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US joblessness set to spike as virus takes toll on businesses

Washington, United States | AFP |  With streets in major cities barren, and shops and restaurants forced to close due to the coronavirus pandemic, economists warn of a record explosion of Americans filing for unemployment benefits. The Labor Department on Thursday will release its weekly data on first-time applications for jobless …

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$2 trillion rescue package passes US Senate, heads to House

Washington, United States | AFP |  The US Senate unanimously passed the nation’s largest-ever rescue package late Wednesday, a $2 trillion lifeline to suffering Americans, critically depleted hospitals and an economy all ravaged by a rapidly spreading coronavirus crisis. The measure cleared the Senate 96-0 after days of tumultuous, sometimes bitter …

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US stimulus plan: what it could do, and what’s in dispute

Washington, United States | AFP | With American life upended, lawmakers in the US Congress are negotiating over a massive stimulus package to help pull the economy out of the steep decline caused by the coronavirus pandemic. Legislators are still negotiating the $2 trillion rescue which could be the largest emergency …

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