Tag Archives: Coronavirus

Latest on the worldwide spread of the new coronavirus – 5-7-20

(Reuters) – More than 3.79 million people have been reported to be infected by the novel coronavirus globally and 263,682 have died, according to a Reuters tally as of 1427 GMT on Thursday.

DEATHS AND INFECTIONS

* For an interactive graphic tracking the global spread, open https://tmsnrt.rs/3aIRuz7 in an external browser.

* For a U.S.-focused tracker with state-by-state and county map, open https://tmsnrt.rs/2w7hX9T in an external browser.

EUROPE

* Russia’s cases overtook France and Germany to become the fifth-highest number in the world after a record daily rise. Moscow’s mayor said the real number of cases in the capital was more than triple the official, TASS news agency reported.

* Restrictions in Moscow have been extended until May 31, said Mayor Sergei Sobyanin.

* Black people and men of Bangladeshi and Pakistani origin are nearly twice as likely to die from COVID-19 than whites, even when adjusting data for deprivation, a British report said.

* Poland plans to test 1,000 miners a day at drive-through sites as data show rapid growth in new cases in the coal region.

* German officials warned the crisis is far from over despite the country slowly reopening its economy.

* After standing empty for two months, Greece’s ancient sites, including the Acropolis hill, will reopen to visitors on May 18, authorities said.

* A European coalition is forming around an approach to using smartphone technology to trace infections that, its backers hope, could help to reopen borders without unleashing a second wave.

AMERICAS

* The first immigrant in U.S. detention has died of the coronavirus, local health authorities said as infections steadily climbed among the country’s around 30,000 immigrant detainees.

* Indigenous groups from nine countries in the Amazon basin called for donations to help protect 3 million rainforest inhabitants, vulnerable because they lack adequate access to healthcare.

* Brazil, one of the world’s emerging hot spots, registered a record number of cases and deaths on Wednesday, prompting the health minister to flag the possibility of strict lockdowns in hard-hit areas. President Bolsonaro’s spokesman has tested positive and is quarantined in his home.

* Argentine President Alberto Fernandez is rising in the polls on approval of his handling of the response, as he faces off against creditors with a major debt revamp.

* Colombia has removed the contact-tracing feature in its official coronavirus app after experiencing glitches, but aims to rebuild it using potentially more reliable technology.

* At least 47 residents and three workers have been infected at a retirement home in Mexico, in one of the biggest outbreaks yet reported in the country.

* A war of words broke out between Costa Rica and El Salvador after the Salvadoran president accused the other country of massaging statistics by deliberately carrying out fewer tests.

* El Salvador said it would from Thursday temporarily suspend public transport.

ASIA-PACIFIC

* China said it supports the WHO in trying to pinpoint the origins of the pandemic and accused the U.S. Secretary of State of lying in his attacks on Beijing.

* Japan has approved Gilead’s remdesivir as a treatment for COVID-19, the health ministry said, making it the country’s first officially authorized drug for the disease.

* Cases in India rose past 50,000 on Thursday, with the pace of new infections showing no signs of abating despite a strict weeks-long lockdown.

* India will roll out a version of its coronavirus contact-tracing application that can run on Reliance Jio’s cheap phones, as it looks to widen use.

MIDDLE EAST AND AFRICA

* Iran is scrambling to buy millions of tonnes of grains to shore up reserves, officials and traders said, despite the president’s assertions that the coronavirus would not endanger food supplies.

* Pakistan’s lockdown will be lifted on Saturday, its prime minister said, despite the number of cases still accelerating.

* The head of the Africa Centres for Disease Control and Prevention rejected the Tanzanian president’s assertion that tests it supplied are faulty.

* Saudi Arabia has formed a police unit to monitor violations of rules banning gatherings, state news agency SPA said.

ECONOMIC FALLOUT

* World shares largely shook off data on Thursday showing millions more Americans sought unemployment benefits, with sentiment sustained by stronger than expected Chinese exports. [MKTS/GLOB]

* The IMF has approved 50 requests for emergency aid for a total of about $18 billion, and is continuing to work quickly through remaining requests, IMF spokesman Gerry Rice said.

* Millions more Americans likely sought unemployment benefits last week, suggesting a broadening of layoffs from consumer facing industries to other segments of the economy and could remain elevated even as many parts of the country start to reopen.

* The Bank of England said Britain could be headed for its biggest economic slump in over 300 years and kept the door open for more stimulus next month.

* Sweden will not provide state aid to companies paying dividends to shareholders and could claw back funds from recipients that have already done so, the agency charged with disbursing the emergency support said.

* Border controls, lockdowns and flight shortages are making illegal drugs more expensive and difficult to obtain around the world, the United Nations Office on Drugs and Crime said in a report published on Thursday.

(Compiled by Sarah Morland; Editing by Tomasz Janowski)

New coronavirus adapts to populations; vaccine works in monkeys

By Nancy Lapid

NEW YORK (Reuters) – The following is a brief roundup of the latest scientific studies on the novel coronavirus and efforts to find treatments and vaccines for COVID-19, the illness caused by the virus.

New coronavirus is adapting to different populations

A genetic analysis of samples from more than 7,500 people infected with COVID-19 suggests that as the new coronavirus spreads quickly around the world, it is adapting to its human hosts, researchers reported on Tuesday in the medical journal Infection, Genetics and Evolution. They found almost 200 recurrent genetic mutations of the new coronavirus – SARS-CoV-2 – that show how it may be evolving as it spreads in people.

“All viruses naturally mutate,” Francois Balloux of University College London, who co-led the research, told Reuters. “Mutations in themselves are not a bad thing and there is nothing to suggest SARS-CoV-2 is mutating faster or slower than expected. So far, we cannot say whether SARS-CoV-2 is becoming more or less lethal and contagious.”

Experimental vaccine protects macaques from SARS-CoV-2 infection

In macaque monkeys, an experimental vaccine for the novel coronavirus safely induced antibodies that blocked several different SARS-CoV-2 strains, Chinese researchers reported on Wednesday in the journal Science. The researchers say tests of their vaccine candidate, “PiCoVacc,” in humans will likely begin later this year.

The true prevalence of problems with smell and taste among patients infected with the novel coronavirus may be higher than doctors realize, according to researchers who reviewed 10 studies published earlier this year. Among a total of more than 1,600 infected patients in North America, Asia and Europe, nearly 53% had diminished or loss of sense of smell, and nearly 44% had problems with taste. In the subset of studies that used particularly reliable tests to evaluate patients’ ability to smell and taste, rates of dysfunction were even higher, suggesting “that the true prevalence of dysfunction in COVID-19 patients may remain underestimated,” the research team wrote on Tuesday in the journal Otolaryngology-Head and Neck Surgery. Increased awareness “may encourage earlier diagnosis and treatment of COVID-19, as well as heighten vigilance for viral spread.”

Researchers list ways to ease the stress of frontline caregivers

There are many well-documented methods hospitals could use to help ease frontline caregivers’ emotional stress, according to researchers who reviewed dozens of studies of healthcare staff working during outbreaks of emerging viruses. Broadly, they say, interventions fall into the categories of clear communication, access to adequate personal protection, adequate rest, and practical and psychological support.

Among their specific recommendations are changes to practice, such as screening stations to funnel infected patients to specific areas, redesigning procedures that pose high risks for the spread of infection, and reducing the density of patients on wards. They wrote on Tuesday in The BMJ that interventions shown to be helpful in the earlier studies “were similar despite the wide range of settings and types of outbreaks … and thus could be applicable to the current COVID-19 outbreak.” (https://bit.ly/2SHJxmj)

(Reporting by Kate Kelland and Nancy Lapid; Editing by Bill Berkrot)

Study suggests coronavirus spread swiftly around world in late 2019

By Kate Kelland

LONDON (Reuters) – A genetic analysis of samples from more than 7,500 people infected with COVID-19 suggests the new coronavirus spread quickly around the world late last year and is adapting to its human hosts, scientists said on Wednesday.

A study by scientists at University College London’s (UCL) Genetics Institute found almost 200 recurrent genetic mutations of the new coronavirus – SARS-CoV-2 – which the researchers said showed how it may be evolving as it spreads in people.

Francois Balloux, a UCL professor who co-led the research, said results showed that a large proportion of the global genetic diversity of the virus causing COVID-19 was found in all of the hardest-hit countries.

That suggests that the virus was already being transmitted extensively around the globe from early on in the epidemic.

“All viruses naturally mutate. Mutations in themselves are not a bad thing and there is nothing to suggest SARS-CoV-2 is mutating faster or slower than expected,” said Balloux. “So far, we cannot say whether SARS-CoV-2 is becoming more or less lethal and contagious.”

In a second study also published on Wednesday, scientists at Britain’s University of Glasgow who also analyzed SARS-CoV-2 virus samples said their findings showed that previous work suggesting there were two different strains was inaccurate.

A preliminary study by Chinese scientists in March had suggested there may have been two strains of the new coronavirus causing infections there, with more of them more “aggressive” than the other.

But publishing their analysis in the journal Virus Evolution, the Glasgow team said only one type of the virus was circulating.

More than 3.68 million people have been reported to be infected by the novel coronavirus globally and 256,000 have died, according to a Reuters tally. Infections have been reported in more than 210 countries and territories since cases were first identified in China in December 2019.

The UCL team’s findings, published in the journal Infection, Genetics and Evolution, confirm that the virus emerged in late 2019, Balloux said, before quickly spreading across the globe.

His team screened the genomes of more than 7,500 viruses from infected patients around the world. Their results add to a growing body of evidence that SARS-CoV-2 viruses share a common ancestor from late 2019, suggesting this was when the virus jumped from a previous animal host into people.

This means it is unlikely the new virus was circulating in people for long before it was first detected, Balloux said.

A study by French scientists published earlier this week found a man there was infected with COVID-19 as early as Dec. 27, nearly a month before France confirmed its first cases.

The World Health Organization said the French case was “not surprising” and urged countries to investigate any other early suspicious cases.

Balloux said the 198 small genetic changes, or mutations, that his and other studies have identified held helpful clues for researchers seeking to develop drugs and vaccines.

“If we focus our efforts on parts of the virus that are less likely to mutate, we have a better chance of developing drugs that will be effective in the long run,” Balloux said.

(Reporting by Kate Kelland,; Editing by Peter Graff)

Trump says coronavirus task force to work ‘indefinitely,’ shift focus

By Susan Heavey and Doina Chiacu

WASHINGTON (Reuters) – U.S. President Donald Trump said on Wednesday his White House coronavirus task force would remain in place but with a focus on medical treatments and easing restrictions on businesses and social life and perhaps with different advisers.

On Tuesday, Trump had said he planned to wind down the task force and replace it with “something in a different form” as the country shifts into a new phase focusing on the aftermath of the outbreak. He also acknowledged then that “some people” might be hit hard by a resurgence of the virus.

“Will some people be affected? Yes. Will some people be affected badly? Yes. But we have to get our country open, and we have to get it open soon,” Trump told reporters on Tuesday as he toured a face-mask factory in Arizona, where he defied infection-control guidelines by not wearing a mask himself.

In a series of tweets on Wednesday, Trump said that because of its success, “the Task Force will continue on indefinitely with its focus on SAFETY & OPENING UP OUR COUNTRY AGAIN. We may add or subtract people to it, as appropriate. The Task Force will also be very focused on Vaccines & Therapeutics.”

The task force to date has included medical professionals focused on battling the pandemic, some of whom have at times offered guidance at odds with Trump’s.

Trump told reporters on Tuesday: “We’re now looking at a little bit of a different form, and that form is safety and opening. And we’ll – we’ll have a different group probably set up for that.”

Trump praised the task force, headed by Vice President Mike Pence, for having brought together resources including a supply of ventilators. Pence was scheduled to lead the group’s meeting at 4 p.m. ET (2000 GMT) at the White House.

(Reporting and writing by Susan Heavey and Doina Chiacu; Editing by Howard Goller)

U.S. coronavirus deaths exceed 70,000 as forecasting models predict grim summer

By Lisa Shumaker

(Reuters) – U.S. deaths from the novel coronavirus surged past 70,000 on Tuesday, according to a Reuters tally, as a key forecasting model nearly doubled its previous estimate for fatalities.

Nearly 1.2 million people in the United States have tested positive for COVID-19 – more than the combined total of the next largest outbreaks in Spain, Italy, the United Kingdom, France and Germany.

A University of Washington research model https://covid19.healthdata.org/united-states-of-america often cited by White House officials on Monday nearly doubled its projected U.S. death toll to over 134,000 by Aug. 4.

The revision reflected “rising mobility in most U.S. states” with an easing of business closures and stay-at-home orders expected in 31 states by May 11, the institute said.

The revised projection coincided with disclosure of an internal Trump administration forecast predicting a surge in fatalities to 3,000 a day by the end of May, up from about 2,000 now in the Reuters tally.

The U.S. coronavirus outbreak is deadlier than any flu season since 1967 when about 100,000 Americans died, according to the U.S. Centers for Disease Control and Prevention. COVID-19 deaths in the United States also have eclipsed in a few months the 58,220 Americans killed during 16 years of U.S. military involvement during the Vietnam War.

The current trajectory of COVID-19 falls far short of the 1918 Spanish flu, which killed 675,000 Americans.

There is as yet no treatment or vaccine for coronavirus while flu vaccines are widely available along with treatments.

(Writing by Lisa Shumaker; Editing by Howard Goller)

Wendy’s menu runs short as virus hits U.S. beef supplies

(Reuters) – Wendy’s Co said on Tuesday its restaurants may face a shortage of many menu items, including hamburgers, as beef processors in the United States struggle to keep their plants open amid the COVID-19 pandemic.

U.S. meat manufacturers, including Tyson Foods Inc, have signaled disruptions to food supply as they are forced to shut many meat plants to curb the spread of the coronavirus.

“Beef suppliers across North America are currently facing production challenges. Because of this, some of our menu items may be in short supply from time to time at some restaurants in this current environment,” a Wendy’s spokesperson said.

The burger chain, known for its fresh-never-frozen patties, said it would continue to supply hamburgers to all of its restaurants, with deliveries two or three times a week.

Just before the virus outbreak in the United States, Wendy’s launched a new breakfast menu that included sausages, eggs, croissants, and a hamburger variation in the hopes of attracting more footfall in the morning, a crucial daypart for restaurateurs.

The pandemic has also led to rival McDonald’s Corp trimming its menu to serve drive-thru and delivery customers faster, while its dine-in operations remain shut. Chief Executive Officer Chris Kempczinski last week told analysts that the company has had no break in supply till date.

Several retailers including Kroger Co and Costco Wholesale Corp have also limited meat purchases per customers.

(Reporting by Nivedita Balu in Bengaluru; Editing by Ramakrishnan M.)

Texas back in business? Barely, y’all, as malls, restaurants empty

By Brad Brooks

AUSTIN, Texas (Reuters) – The Domain mall in Austin, Texas, is open for business – unlike most of its 100 upscale shops – as the state entered its first work week of eased pandemic restrictions in the hopes of rekindling the economy.

A dozen or so people were strolling about the sprawling open-air shopping center Monday afternoon, with three seated on the patio of a Tex-Mex restaurant. Only one shopper wore a mask, and the loudest noises were from songbirds perched in the live oak trees along the deserted pedestrian thoroughfares.

“I’ve seen one customer today – they didn’t buy anything,” said Taylor Jund, who was keeping watch over an empty Chaser clothing store. “There’s absolutely no one coming around here.”

While protests across the United States demand state governments allow business to reopen and people to get back to work, the vast majority of Americans balk at relaxing stay-at-home orders too quickly, according to Reuters/Ipsos opinion polling.

Texas, Georgia, and other southern states are leading the way in letting stay at home orders expire and gradually allowing people to go about their business. But the early days of the opening in Texas show that many residents might want to stay home anyway.

“The cases of coronavirus aren’t really going down, so I suspect people aren’t comfortable going to malls or getting back to normal life,” David Tamayo said while sitting on a shaded bench with his girlfriend at The Domain, where he said they came to relax outdoors.

Restaurants, retail stores, and malls in Texas are now allowed to open at 25% capacity in most areas. Stores in rural counties with five or fewer cases can operate at 50%. A second phase is planned for May 18 if infection rates decline.

On Monday, Texas reported that it had 884 deaths from COVID-19 and 32,332 cases total, though it has among the lowest per capita testing rate of any state.

PLEXIGLASS BARRIERS

With temperatures in the 90s, Texans flocked to parks, beaches and rivers over the weekend. Beachgoers packed the shore in the resort town of Galveston, though police said most people seemed to be practicing social distancing.

A large gathering of youth at a lake outside Lubbock, in West Texas, prompted authorities to say on Sunday they were closing the beach there back down.

Still, in most spots in the state – which is larger than France – there has been plenty of room for outdoor recreation and social distancing.

Christy Armstrong, who works for a food distribution company, made the rounds with her restaurant clients across the Houston area on Monday. During a stop at Arnaldo Richards’ Picos Mexican restaurant in central Houston, she saw a handful of customers sitting at a bar, separated from one another by Plexiglas barriers.

“It’s sad to know that this is the first Monday we’ve reopened, and a lot of the places are still very empty,” Armstrong said. “I’m a little shocked it’s so dead out.”

But patience, and even closing down again if there are coronavirus flare-ups, should be foremost on business owners’ minds, said Laura Hoffman, president of Austin’s Chamber of Commerce.

She said the most important thing for businesses was to figure out how to safely reopen and for the Chamber to help them do that, sharing lessons learned at places that have stayed open all along, such as grocery stores.

“We have to look at this pandemic as a long-term condition,” she said. “We must strike the balance between keeping people healthy and reopening.”

(Reporting by Brad Brooks in Austin; Additional reporting by Callaghan O’Hare in Houston; Editing by Bill Tarrant and Gerry Doyle)

State-backed hackers targeting coronavirus responders, U.S. and UK warn

By Jack Stubbs and Christopher Bing

LONDON/WASHINGTON (Reuters) – Government-backed hackers are attacking healthcare and research institutions in an effort to steal valuable information about efforts to contain the new coronavirus outbreak, Britain and the United States said on Tuesday in a joint warning.

In a statement, Britain’s National Cyber Security Centre (NCSC) and the U.S. Cybersecurity and Infrastructure Security Agency (CISA) said the hackers had targeted pharmaceutical companies, research organisations and local governments.

The NCSC and CISA did not say which countries were responsible for the attacks. But one U.S. official and one UK official said the warning was in response to intrusion attempts by suspected Chinese and Iranian hackers, as well as some Russian-linked activity.

The two officials spoke on condition of anonymity to discuss non-public details of the alert. Tehran, Beijing and Moscow have all repeatedly denied conducting offensive cyber operations and say they are the victims of such attacks themselves.

State hacking groups “frequently target organisations in order to collect bulk personal information, intellectual property and intelligence that aligns with national priorities,” the NCSC and CISA said.

“For example, actors may seek to obtain intelligence on national and international healthcare policy or acquire sensitive data on COVID-19 related research.”

The warning follows efforts by a host of state-backed hackers to compromise governments, businesses and health agencies in search of information about the new disease and attempts to combat it.

Reuters has reported in recent weeks that Vietnam-linked hackers targeted the Chinese government over its handling of the coronavirus outbreak and that multiple groups, some with ties to Iran, tried to break into the World Health Organization.

The officials said the alert was not triggered by any specific incident or compromise, but rather intended as a warning – both to the attackers and the targeted organizations that need to better defend themselves.

“These are organizations that wouldn’t normally see themselves as nation-state targets, and they need to understand that now they are,” said one of the officials.

The agencies said hackers had been seen trying to identify and exploit security weaknesses caused by staff working from home as a result of the coronavirus outbreak.

In other incidents, the attackers repeatedly tried to compromise accounts with a series of common and frequently-used passwords – a technique known as “password spraying”.

“It’s no surprise that bad actors are doing bad things right now, in particular targeting organizations supporting COVID-19 response efforts,” a CISA spokesman said.

“We’re seeing them use a variety of tried and true techniques to gain access to accounts and compromise credentials.”

(Writing by Jack Stubbs; Editing by Peter Graff; Editing by Alex Richardson and Peter Graff)

Trump says U.S. will report virus origins, gives no timeline

By Steve Holland

WASHINGTON (Reuters) – President Donald Trump urged China on Tuesday to be transparent with what it knows about the origin of the coronavirus that emerged from Wuhan, China, and has wreaked havoc on the world.

Secretary of State Mike Pompeo told ABC’s “This Week” on Sunday there was “a significant amount of evidence” that the new coronavirus emerged from a Chinese laboratory, but did not dispute U.S. intelligence agencies’ conclusion that it was not man-made.

The Chinese state-backed Wuhan Institute of Virology has dismissed the allegations, and other U.S. officials have downplayed their likelihood. Most experts believe the virus originated in a market selling wildlife in Wuhan and jumped from animals to people.

Trump, speaking to reporters outside the White House before leaving on a trip to Arizona, said the United States would release its report detailing the origins of the novel coronavirus over time but gave no other details or timeline.

“We will be reporting very definitively over a period of time,” the Republican president said.

Trump, who initially praised China over its response to the outbreak but has since blamed Beijing harshly over the virus, also said that he has not spoken to Chinese President Xi Jinping.

“We want them to be transparent. We want to find out what happened so it never happens again,” he said.

(Reporting by Steve Holland and Tim Ahmann; writing by Susan Heavey, Editing by Franklin Paul and Jonathan Oatis)

Latest on the worldwide spread of the new coronavirus

(Reuters) – More than 3.59 million people have been reported to be infected by the novel coronavirus globally and 250,386 have died, according to a Reuters tally as of 0200 GMT on Tuesday.

DEATHS AND INFECTIONS

* For an interactive graphic tracking the global spread, open https://tmsnrt.rs/3aIRuz7 in an external browser.

* For a U.S.-focused tracker with state-by-state and county map, open https://tmsnrt.rs/2w7hX9T in an external browser.

EUROPE

* WHO said on Tuesday that a report that COVID-19 had emerged in December in France was “not surprising”, and urged countries to investigate early.

* More than 30,000 people in the United Kingdom have died with suspected COVID-19, the highest official toll yet reported in Europe, according to data published on Tuesday.

* The United States and Britain launched trade negotiations by videoconference, as both struggle with the effects of the pandemic and aim to shore up domestic supply chains.

* The mayor of The Hague ordered police to break up a demonstration against government measures to slow the country’s outbreak.

* Spain reported its third day in a row of under 200 deaths, but a record number of people claiming social security benefits for April.

* Austria’s first lockdown loosening three weeks ago has not led to a new spike in infections, though further vigilance is necessary, its health minister said.

AMERICAS

* The U.S. Senate will start scrutinizing the lawyer tapped by President Donald Trump to oversee a $500 billion fund to rescue larger businesses.

* A newly revised coronavirus mortality model predicts nearly 135,000 Americans will die from COVID-19 by early August, almost double previous projections.

* Some 40 Cuban sugar mills remain open out of season despite a partial lockdown of the country, in a last-ditch effort to add foreign exchange to the government’s all-but-empty coffers.

* Brazilian officials expect a rise in global agricultural protectionism as countries seek to secure local food supplies, according to a draft report seen by Reuters.

* Indigenous leaders in Brazil have asked the WHO to set up an emergency fund to help protect their communities.

* At least 300 people held in two centers set up by the Salvadoran government protested on Monday, demanding to be released and given their test results.

ASIA-PACIFIC

* China reported one new case for May 4, down from three the day before.

* Hong Kong said it will relax restrictions on public gatherings and allow gyms, cinemas and beauty parlours to re-open this week as new cases dwindle.

* One of Bangladesh largest drugmakers, Beximco Pharmaceuticals will begin producing experimental antiviral drug remdesivir, a senior executive said.

* Pakistan has raised concerns with the United Arab Emirates that workers are returning home with high infection rates and that crowded living conditions in the UAE may be helping the virus spread.

* Indonesia reported on Tuesday its biggest daily rise in infections with 484 new cases, taking the total to 12,071.

* Thailand may see the economic impact from the pandemic stretch over another nine months, its prime minister said.

MIDDLE EAST AND AFRICA

* Yemen’s Houthis said a Somali national, the first case in the capital Sanaa, died on Sunday, the group’s al-Masirah TV reported.

* Afghanistan’s government began distributing free bread to hundreds of thousands of people across the country as supplies have been disrupted and prices have soared.

* Lebanon’s supreme defence council will advise the government to extend a shutdown until May 24, a security source said.

* A parliamentary panel authorised Israel’s Shin Bet security service to continue using mobile phone data to track infected people until May 26.

* Palestinian President Mahmoud Abbas extended to June 5 a state of emergency declared in areas under his administration in the Israeli-occupied West Bank.

ECONOMIC FALLOUT

* Stock markets snapped a three-day losing streak on Tuesday and oil was on its longest run of gains in nine months as moves to ease major economies out of their coronavirus lockdowns lifted sentiment. [MKTS/GLOB]

* Banks in the European Union could end up paying annual contributions to an industry rescue funds by tapping government support for coronavirus-hit companies, lawmakers said on Tuesday.

* South Africa’s tax revenue losses due to the coronavirus and credit ratings downgrades could reach $15.5 billion this fiscal year, the commissioner of the revenue services said.

* Egypt’s budget deficit for the financial year that will begin in July will widen to 7.8% of gross domestic product if the crisis continues until the end of December, the finance minister said.

* The International Coffee Organization sees lockdowns flipping the global coffee market into a 1.95 million 60kg bag surplus in 2019/20 from previously forecast 474,000 bag deficit.

(Compiled by Sarah Morland, Vinay Dwivedi and Uttaresh.V; Editing by Arun Koyyur, Anil D’Silva and Tomasz Janowski)