More than 7.5 million infections, 421,000 deaths and another blow of tobacco on the main financial centers: in spite of ebb in certain parts of the world, the epidemic of coronavirus continues to spread and to upset the world economy. After several weeks of increases, the European and American stock markets gave in to fear on Thursday, before figures confirming the hypothesis of a new wave in the United States.
But the epicenter of the Covid-19 epidemic is found in Latin America, which deplores more than 1.5 million cases and 73,000 deaths (including the Caribbean), more than half of which in Brazil. France has recorded 27 additional deaths in hospitals, bringing the total number of deaths since the start of the epidemic to 29,346, according to a report by the Directorate General of Health.
The main information to remember
> New day of turbulence expected on the markets
> India approaches 300,000 contaminations
> More than 800,000 cases in Brazil
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Follow live the events of this Thursday, June 12:
> Beijing on alert after the appearance of three new cases
The municipality closed two markets and postpone the return of primary school children after the appearance of three new cases of Covid-19 in the Chinese capital, after two months without any contamination.
But Beijing reported on Thursday of a new case of contamination of unknown origin, followed by two more on Friday. The last two patients identified are employees of the Meat Research Center. One of them had recently gone to the city of Qingdao (east), officials of the Beijing city hall said to the press.
> Guaranteed loans: the 100 billion mark reached
Mutual banks take the lion’s share in the granting of loans guaranteed by the State, in particular to SMEs. It is now the equivalent of 4% of GDP that has been distributed in the form of a PGE. But demand is starting to slow down.
> The pandemic is accelerating in Africa
The number of confirmed cases of Covid-19 has doubled in twenty days in Africa. A situation that worries the World Health Organization. The youth of the population and the experience of other epidemics had so far allowed Africa to experience a lower death rate than that of other continents.
> Coronavirus: pension system deficit plunges to 30 billion
The Pensions Guidance Council (COR) has just put a figure on the deficit of the pension system for all plans. It would be 29.4 billion euros in 2020, 25.2 billion more than expected in November. A negative balance which would therefore not represent 0.2 point of GDP, but 1.5 point – with a magnifying mirror effect due to the fact that the country’s wealth will melt by 11% this year.
> United Kingdom: British Airways, Ryanair and easyJet challenge quarantine in court
The three airlines are vigorously protesting this measure, which came into effect last Monday, which requires anyone arriving in Britain to stay in isolation for 14 days. According to them, this provision will threaten jobs by slowing the resumption of air transport, already damaged in recent months by the quasi-paralysis caused by confinements imposed around the world to counter the pandemic linked to the new coronavirus.
> Shopping delivery: Instacart raises $ 225 million
The Californian firm, which offers distributors a “turnkey” e-commerce solution, now weighs $ 14 billion. The confinement dramatically increased its activity: some 500,000 deliverers were recruited in an emergency.
> Russia registers 9,000 new cases in twenty-four hours
Russia today reported 8,987 new cases of coronavirus contamination, bringing the total number of people infected in the country to 511,423. Russian health officials have reported 183 new deaths in the past 24 hours, for a total of 6,715 deaths.
> France: business start-ups rebounded by 59.9% in May
Business creations rebounded 59.9% in May in France, with the end of confinement, without however returning to their pre-crisis level, reported INSEE on Friday. They had fallen by 33.4% in April and 25.7% in March, recalls the National Institute of Statistics.
Over the three months affected by the containment, from March to May, business creations fell by 31% compared to the same period last year, still calculated INSEE. All categories combined, 54,967 companies were created in France last month, compared to 34,378 in April and 51,949 in March.
> United Kingdom: collapse of 20.4% of GDP in April over a month
The United Kingdom suffered a collapse of 20.4% of its gross domestic product (GDP) in April over a month, due to the containment put in place in the face of the pandemic, announced Friday the National Bureau of Statistics (ONS) . This is a record drop, which comes after a 5.8% drop in GDP in March, specifies the ONS. April is the first full month of containment, which began on March 23 and brought economic activity to a halt.
> Deconfinement, economic crisis: Macron pushed for clarification
Before the presidential intervention expected for this Sunday at 8 p.m., the political world is overheated and increasingly feverish, waiting to learn more about the president’s intentions. If many scenarios are on the table, it will still require patience, because Emmanuel Macron wants to proceed in stages.
Another intervention is already scheduled for mid-July. This Sunday, he intends to put into perspective the assessment of the health crisis and the measures that have been taken both at French and European level since the start of confinement.
> In Italy, the Estates General which aim to modernize the economy
The President of the Italian Council inaugurates, this Saturday, ten days of debates and meetings in the park of the Villa Doria Pamphilj, in the heart of Rome, to develop a concrete recovery plan which will be submitted to Brussels.
Italy intends to prove that it will be able to use the resources of the European Union to modernize and overcome the worst recession since the Second World War.
> “Housing prices could adjust, not collapse”
Alain Taravella, the founding president of Altarea Cogedim, believes that it would be “unforgivable” not to prepare for the looming climate crisis. The design of housing, offices and shops must be adapted accordingly. If the activity of his group suffered from the Covid-19 epidemic, he wants to be optimistic for the future. “Our market is a huge market. The city is a larger sector than the automobile, ”he said.
> Wholesalers do not want to stay in the blind spot of stimulus packages
From the industry supplier, such as the Rexel electrical equipment specialist, to the Rungis poultry farmer: wholesale resellers display a great diversity. There are 150,000 in France, for one million employees and 790 billion euros in cumulative turnover. Their professional organization, the CGI (Wholesale and International Trade Confederation), fights first for suppliers of hotels and restaurants.
> India approaches 300,000 cases
India on Friday reported a total of 297,535 confirmed cases of coronavirus contamination, becoming the fourth country in the world most affected by the pandemic in number of infections, ahead of Great Britain.
The Ministry of Health reported that an additional 10,956 cases have been reported in the past 24 hours. The coronavirus has caused 8,498 deaths in the country, according to government data.
> Partial unemployment: the contours of the future system are taking shape
The cruise system of the device called to take over at least until the end of the five-year period will go through a further drop in levels of care, as revealed on Wednesday by “Les Echos”: the employee would receive from 70 to 72% of its net (ie 60% of its gross, 100% at the minimum wage) and the employer would bear a balance of 20%.
The figures are to be confirmed and, for the salaried part, would remain more generous than what is practiced in Germany, source of inspiration of the ministry. Regardless, unions view this with a negative eye.
> More than 800,000 cases and 40,000 deaths in Brazil
Brazil has identified 802,828 confirmed cases of contamination including 30,412 in the last twenty-four hours, reported Thursday the Ministry of Health. On the same day, shopping centers were allowed to reopen in the country’s two largest cities, São Paulo and Rio de Janeiro.
The Ministry of Health also reported an additional 1,239 deaths, for a total of 40,919 deaths in the country since the start of the epidemic. Only the United States reported more confirmed cases of contamination than Brazil, and only the United States and Great Britain reported more deaths from COVID-19.
> Coronavirus causes eight more deaths in Germany
The number of confirmed cases of contamination rose to 185,674, 258 more than the day before, show data released this Friday by the Robert Koch Institute (RKI) for infectious diseases. Eight additional deaths have been recorded, for a total of 8,763 deaths since the start of the epidemic in the country.
> Another blow on the world stock exchanges
Have the financial markets really turned the page on the Covid-19 crisis? After several weeks of increases, the world’s financial centers gave way to fear on Thursday, dropping sharply after the cautious announcements from the Fed on Wednesday, and figures giving substance to the hypothesis of a second wave of the epidemic in certain states Americans.
At the close, it is even the slaughter on European financial centers: the DAX, in Frankfurt, the FTSE, in London, but also the CAC 40, in Paris, all closed down more than 4%. The Parisian index has returned to below 5,000 points. the Dow Jones unscrewed it by 6.90%, while the S&P 500 fell by 5.89%. Even the Nasdaq dropped out (-5.27%).
> The decline continues in France
France has registered 27 additional Covid-19 deaths in hospitals, bringing the total number of deaths since the start of the epidemic to 29,346, according to a report released Thursday by the Directorate General of Health (DGS).
At the same time, the number of serious Covid-19 cases requiring hospitalization in intensive care continues to drop, with 903 patients, 30 less than on Wednesday. The data on deaths in social and medico-social establishments (10,384 to date) will be updated on June 16.
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