| | | | | | What you need to know about the coronavirus today | | | World’s third-highest India now has the world’s third-highest number of novel coronavirus cases behind Brazil and the United States at nearly 700,000, according to the latest data, as the outbreak shows no sign of slowing. India has seen eight times the number of cases recorded in China, which has a similar-sized population and is where the virus originated late last year. Late on Sunday, India canceled the planned reopening of the Taj Mahal, citing the risk of coronavirus infections spreading in the city of Agra from visitors flocking to see India’s most famous monument.
Not since the Spanish flu Officials are closing the border between Australia’s two most populous states from Tuesday for an indefinite period as they scramble to contain an outbreak of the coronavirus in the city of Melbourne. It will be the first time the border between Victoria and New South Wales has been shut in 100 years. Officials last blocked movement between the two states in 1919 during the Spanish flu pandemic. Victoria’s only other internal border, with the state of South Australia, is already closed.
Slow and painful recovery German industrial orders rebounded moderately in May and a fifth of firms in Europe’s biggest economy said in a survey that they feared insolvency, adding to expectations of a slow and painful recovery from the pandemic. Germany has withstood the health crisis better than other big European countries, recording fewer COVID-19 deaths. Its economy has been relatively resilient during more than six weeks of lockdown owing to generous stimulus packages and a decision to keep open factories and construction sites.
UK pledges boost for the arts Britain will invest nearly $2 billion in the arts and hopes to allow outdoor and socially distanced performances at cultural venues as it tries to help a high-profile sector hit hard by the coronavirus. Spanning theaters in London’s West End, opera houses and ballet companies putting on big-budget performances to provincial venues up and down the country, the industry is a prominent British export and popular among tourists and locals alike. | | | | From Breakingviews - Corona Capital: Virgin in Oz, UK splurge, Bank M&A. Bain Capital’s Virgin Australia rescue runs into turbulence and British finance minister Rishi Sunak prepares another spending spree. Catch up with the latest financial insights. | | | | Reuters reporters and editors around the world are investigating the response to the coronavirus pandemic.
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We prefer tips from named sources, but if you’d rather remain anonymous, you can submit a confidential news tip. Here’s how. | | | | | | | | | | Follow the money | Timothy Kane, CEO of Goodway Technologies Corp, has never been so popular. Making machines that spray disinfectant, once a niche business, is now an essential service - and the phone is ringing off the hook. “Our orders jumped 50-fold in April, it was like a switch got flipped,” said Kane. 5 min read | | Fashion brands and retailers re-opening around the world to patchy demand, and carrying unsold stock from spring have cut fall orders by as much as two-thirds in moves spelling more pain for Asian suppliers. 4 min read | | Afterpay is among a handful of alternative credit firms which offer small loans, mostly to online shoppers, and make their money by charging merchants a 4%-6% commission. These buy-now-pay-later firms have benefited from a shift to online shopping during the coronavirus crisis in countries including the United States, where state aid has also boosted retail sales. 7 min read | | After surpassing Toyota as the world’s most valuable automaker and stunning with forecast-beating deliveries, Tesla has taken time out to poke fun at the company’s naysayers - with sales of red satin shorts. “Limited edition short shorts now available,” CEO Elon Musk tweeted on Sunday. 2 min read | | | | | | | | | Top Stories on Reuters TV | | | | | | | |