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LIVE – Coronavirus: The cost of short-time working is soaring

Posted on Apr 14, 2020, 7:04 a.m.Updated on Apr 14, 2020 at 10:30 a.m.

The Covid-19 pandemic continues to progress worldwide, with more than 1.9 million infections worldwide, according to the count of the American university Johns Hopkins. But there are several indications that the situation in some of the most affected countries is improving.

The United States, the world’s first source of contamination with more than 550,000 officially registered cases, reported on Monday 1,509 deaths from coronavirus in 24 hours, almost the same figure as the day before. In France, for the fifth consecutive day, the number of resuscitation patients in French hospitals has decreased At the last count, the coronavirus pandemic caused the death of 14,967 people in the country, or 574 more since Sunday.

The main information to remember

> France sketches out of containment from May 11

> 1,509 additional deaths in one day in the United States in 24 hours

> No fatal case in China during the last 24 hours

Follow the events of Tuesday April 14th live:

> EDF renounces its financial objectives for 2020 and 2021

“The economic disruption caused by the current health crisis is causing a drop in demand for electricity as well as significant repercussions on many of the group’s activities, notably nuclear production, construction sites and services,” said the company. .

“Consequently, the EDF group is withdrawing all of its financial objectives for 2020, including the low threshold of the Ebitda range (gross operating surplus) of 17.5 billion euros, as well as for 2021” , she announced.

> “Not all schools will be open on Monday, May 11,” says Blanquer

The reopening of the schools, announced from May 11, will not be done “overnight”, and priority may be given “to the most fragile audiences”, said Minister of Education Jean-Michel on Tuesday Blanching.

“We are going to develop a whole” recovery “methodology which necessarily involves very large developments. In May June it will not be at all as before, it will necessarily be different, “said the minister on France 2 and France TV info. He specified that he meets from this Tuesday the trade union organizations to speak about the sanitary conditions allowing the resumption and to define from May 11 “by which stages we pass”.

> The executive drastically reviews its budget copy

While the government last Thursday unveiled the main lines of an amending finance bill made necessary by the scale of the coronavirus crisis, the executive is already forced to completely change its budget forecasts.

The government now expects economic activity down 8% (it was 6% last Thursday), a deficit of 9% of GDP (7.6% previously) and a debt of 115% of GDP (112% last week).

> Absolute audience record for Emmanuel Macron

Some 36.7 million viewers watched Emmanuel Macron on Monday evening. This audience, which includes that of the news channels, is an absolute record.

> American Express to help homeless people

The company will pay 100,000 dollars (9.1483 euros) to the Abbé Pierre Foundation as part of the “SDF Emergency Fund”.

In addition, AmEx will also contribute up to 20,000.00 euros to the PSG call for donations platform, to help carers of the AP-HP, the Secours populaire and Action Against Hunger.

> Accor penalized on the stock market after Emmanuel Macron’s speech

While the CAC 40 increased by 0.47%; the action of the hotel group lost 2.44% during the first exchanges.

He is penalized by the lack of precision on a date of reopening of hotels in the intervention of the Head of State.

> Amazon accelerates recruitment

The online commerce giant wants to hire 75,000 people in the short term, after having recruited 100,000 recently. Objective: to cope with the influx of orders. Amazon also announced wage increases during the health crisis.

The group led by Jeff Bezos, which employed nearly 800,000 people at the beginning of the year worldwide, also wants to devote an additional 150 million dollars to increase the wages of its employees during the crisis, in addition to the 350 million already announced mid-March.

> Deconfinement: the press welcomes Emmanuel Macron’s pragmatism

In the aftermath of Emmanuel Macron’s fourth television intervention against the French since the start of the Covid-19 crisis, the media also salute the humility of the Head of State who, while announcing a date for deconfinement, dared self-criticism.

The editorialists also note that the President of the Republic left aside the warlike language of his previous intervention.

> The cost of partial unemployment estimated at 24 billion euros

The cost of partial unemployment in France, which currently concerns 8 million employees, will cost 24 billion euros, said Tuesday the Minister of Economy Bruno Le Maire.

“We are going to put 24 billion euros on partial unemployment,” said the minister at the microphone of BFMTV / RMC, adding that the public effort to help the economy will reach “more than 100 billion euros”. .

> The public deficit will soar in 2019

According to the Minister of Action and Public Accounts, Gérald Darmanin, the public deficit will represent 9% of GDP this year. At the same time, public debt will increase to reach 115% of GDP.

“With Bruno Le Maire, we redid the budget twice in three weeks and added 110 billion to support the economy,” said the minister.

> GDP will drop 8% this year, according to Bruno Le Maire

So far, the Minister of Economy has estimated that the GDP of France will decline by 6% this year.

The Minister also indicates that the hotel and catering industry will benefit from a support plan and that he will quickly meet with officials and representatives of the sector.

> 150,000 companies will receive a loan guaranteed by the State

Asked about BFMTV, Nicolas Dufourcq, the CEO of bpifrance announces that 150,000 companies will receive a loan guaranteed by the State, for a total amount of 22 billion euros. “The ramp-up is very rapid,” he emphasizes.

According to him, 40 billion euros of requests are being processed.

> The CEO of Valeo will donate a quarter of his salary while the group is out of business

“Jacques Aschenbroich, in his capacity as executive corporate officer, has committed to repay 25% of his remuneration for the duration of the cessation of activity in favor of solidarity actions in connection with Covid-19”, explains l ‘equipment supplier in a press release.

In addition, the group specifies that it has not requested state guaranteed aid and has also negotiated an additional credit line of one billion euros. He also says he has 2.3 billion undrawn lines of credit to date, which allows him to face a prolongation of the current crisis.

> Aeronautical equipment manufacturers face their first recession in 20 years

The aviation industry has the blues. It, which had grown accustomed to almost interrupted growth for almost 20 years, finds itself brutally confronted with the prospect of a deeper and probably more lasting crisis than for other sectors of the industry.

According to the weekly Cirium barometer, the collapse of global air traffic has resulted in the immobilization of more than 15,500 commercial aircraft or 59% of the world fleet, of which nobody knows when and how quickly they will take to the skies.

> Fever surge in road transport costs

Fewer trucks in circulation, but with higher prices for the vehicles that remain: this is the equation that has imposed itself for almost a month on shippers, customers of road carriers.

The crisis completely disorganized the flow of goods, and sharply increased the cost prices of carriers in a few weeks. The shippers do not want to overwhelm them, but seek to collectively resolve this problem.

> Why the epidemic continues after a month of confinement

Slammed for four weeks, the French are starting to find the time long. And yet, their efforts are badly rewarded, since the hospital dashboards continue to flash.

Why so slow in the recession? Hospital services are slowly emptying, because some patients have taken a long time before arriving at the hospital, and even more before they leave it. These are incredibly long delays, which explain this high pitched “plateau”, and which test a healthcare system that was not designed for that.

> New slowdown in the number of new cases in Germany

Germany has registered 2,082 new confirmed cases of coronavirus contamination in the past 24 hours, bringing the total number of infections to 125,098, according to data released Tuesday by the Federal Institute Robert Koch.

At the same time, an additional 170 deaths linked to the new coronavirus were recorded, for a total of 2,969 deaths since the start of the epidemic. This daily balance sheet is down for the fourth day in a row, after a series of four consecutive increases.

> Coronavirus, this risk that nuclear power plants had not tested

Fires, natural disasters, technical damage… 300 black scenarios are tested each year in EDF nuclear power plants to be sure that in the event of the unexpected, the teams know how to react. Ironically: the risk of a pandemic affecting part of the power plant teams was not to be tested until June 2020 … Reality has caught up with fiction.

> Central banks ready to do anything to overcome the crisis

The Fed and the ECB did not just reactivate and amplify the solutions deployed in 2008. They also broke many taboos. The ECB by providing explicit support for public debt. The Fed by accepting for the first time to finance American companies.

> The debt meter is racing in the eurozone

The final slate is still impossible to quantify. But we guess that the amounts borrowed by the States will beat the 2010 record of 950 billion euros. “We estimate that 150 billion euros in medium and long term issues will be added to the 890 billion already planned,” said Cyril Regnat, analyst at Natixis. The exact figure will depend on the worsening of budget deficits.

> The prolonged confinement in India until May 3

“Discussions with states and chief ministers lead to the conclusion that containment should be extended. Some states have already decided to extend it, “said Prime Minister Narendra Modi in a televised address to the nation.

Severe containment has been in place at the national level since March 25 in India, where 10,363 confirmed cases have been identified to date, for 339 dead, according to the last official report Tuesday morning. These figures are probably underestimated due to the weakness of screening.

> Appalling situation in Ecuador

With hundreds of corpses in housing due to lack of space in the morgue and overwhelmed hospital and funeral services, the coronavirus is hitting Guayaquil, the economic capital of Ecuador, which has become the symbol of the chaos caused by the pandemic in a poor country. .

The country has more than 7,500 confirmed cases, including at least 355 dead since February 29. The province of Guayas, of which Guayaquil is the capital, concentrates 72% of the cases, according to the authorities.

> New arms deal between Donald Trump and the states

In the United States, the cacophony continues between the states and the federal government. On Monday, the governors of several major states announced that they are setting up regional working groups to prepare for the reopening of the economy.

An initiative that contradicts Donald Trump, who claimed on Twitter to be the only one who can make this decision. “The administration and I are working closely with the governors, and this will continue,” he said, adding that a decision would be made soon and that the media relayed the information in order to “sow the seeds conflict and confusion ”.

> No fatal case in China in 24 hours

The country reported on Monday 89 new cases of contamination, including 86 imported and 54 asymptomatic, according to the National Health Commission. China has a total of 82,249 contaminations, according to official counts. No new deaths have been reported.

Authorities have also approved the first clinical trials on human guinea pigs of an experimental vaccine against the new coronavirus while the country is trying to contain cases “imported” in particular from Russia, a new “front line” in the war against the Covid-19.

> Employers warn of the need to return to work

The calls to return to work are increasing. Whether it is the employers or the government, there is great concern for the economic future of the country. Thus, the president of Medef, Geoffroy Roux de Bézieux, called on the eve of the Easter weekend “all entrepreneurs who can resume their activity now”.

It is true that the public authorities will not be able to pay 8 million short-time workers very long. Shortage of masks and sanitary equipment, sometimes contradictory injunctions of the executive, attachment of the French to their health… the explanations are multiple. But everyone is aware of the brutality of the coming recession and seeks to lessen the effects.

> Macron promises progressive deconfinement from May 11

From May 11, the president plans a gradual reopening of nurseries, schools, colleges and high schools, and also anticipates a resumption of activity, but “with employee protection, this is the priority”. Fragile people, especially the chronically ill, will remain confined.

These openings will go with massive tests, which will go in priority to people with symptoms, caregivers and the most fragile. The sick will be quarantined and taken care of by a doctor. Until further notice, however, the borders will remain closed.

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