Highlights: Delhi's Covid-19 tally goes up to 6,318 including 68 deaths
Economies try to minimize losses caused by the Covid-19 pandemic as nations reopen for businesses. Russia and Brazil see a huge spike in infections. Maharashtra, in India, remains worst-hit by Covid-19.
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Coronavirus disease has not only become a health emergency that has left people locked inside but has also blocked economic growth for almost all countries of the planet. With close to 40 lakh infected around the world, Covid-19 infections continue to grow across nations as they look to gradually reopen.
Russia overtook France and Germany to be the fifth worst-affected country. Brazil President Bolsonaro’s spokesman tests positive as the nation becomes a hotspot. In India, Maharashtra and Delhi record a huge spike as cases recorded reach 56,342 with 1,886 deaths nationwide.
Indigo CEO says senior employees have to take pay cuts
IndiGo CEO says though full salaries were paid but senior employees have to take pay cut in May.
We paid full salaries in March and April but have to implement pay cuts for senior employees from May: IndiGo CEO— Press Trust of India (@PTI_News) May 8, 2020
US President Trump, vice president Pence test negative for Covid-19
US President Donald Trump, vice president Mike Pence underwent Covid-19 tests after Trump's valet tested positive. They have both tested negativem, according to Reuters.
AIIB, backed by China, approves $500 million loan for India
Asian Infrastructure Investment Bank, whose primary backing comes from Beijing, approved a $500 million loan for India to help tide the economic woes arising from the pandemic.
PM Modi expresses sadness over the deaths of labourers in Aurangabad
PM in a tweet also said that he spoke to Railway minister Piyush Goyal who is closely monitoring the situation.
Extremely anguished by the loss of lives due to the rail accident in Aurangabad, Maharashtra. Have spoken to Railway Minister Shri Piyush Goyal and he is closely monitoring the situation. All possible assistance required is being provided.— Narendra Modi (@narendramodi) May 8, 2020
1,886 dead due to Covid-19 in India
3,390 cases were freshly recorded in the last 24 hours. 1,886 people have died nationwide. 56,342 cases have been recorded with 17,974 cases from Maharashtra.
J-K students stranded in Bangladesh to return home
11 students from J-K stranded in Dhaka along with 167 other passengers will return home. Their evacuation is part of the Vande Bharat Mission.
US, China to commit to trade deal
US and China, who are lashing out at each other for creating speculations and controversy regarding the origins of Covid-19, will look forward to implement the trade deal.
UN needs $5.6 billion to fight Covid-19 in underdeveloped nations
UN asked developed nations, big companies and billionaires to donate $6.7 billion fund for fighting the coronavirus pandemic in poor countries. It fears that the lack of aid could lead to famines, riots and conflicts. UN humanitarian chief Mark Lowcock said appealing in a video conference said that the poorest nations face "a double whammy" - health impact of COVID-19 coupled with "the impact of the global recession and the domestic measures taken to contain the virus".
14 workers returning to MP crushed under goods train in Maharashtra
14 workers returning to Madhya Pradesh were mowed down by a good train in Maharashtra's Aurangabad.
Madhya Pradesh liquor store marks customers
Excise officer Abhishek Tiwari working in Hoshangabad, MP, has started marking the indelible ink on the index fingers of customers in case there is need of contact tracing in future if an outbreak occurs.
MP: Indelible ink is being applied to index finger of buyers coming to purchase liquor,in Hoshangabad dist.Excise officer Hoshangabad,Abhishek Tiwari says "It's being done to trace people in near future if needed. Register with their details is also being maintained on all shops" pic.twitter.com/WjoS7W5GYf— ANI (@ANI) May 8, 2020
Global GDPs to decline by 3% in 2020: IMF
IMF Chief Economist and Director of the Research Department, Gita Gopinath said that the developing nations’ external financing will cross the 25 trillion dollar mark as the world economies stare at massive recovery challenge. She said that economic recovery projected in the second half of this year following containment measures decreasing is a less likely scenario.
First published: May 08, 2020 06:09 IST