in-cyprus 27 August 2020 - by Annie Charalambous
Global COVID-19 cases topped 24 million, as per a Reuters tally, with India reporting a record daily jump of more than 75,000 infections.
The United States continues to be the country with the biggest caseload, but the CDC has said people exposed to COVID-19 but not symptomatic may not need to be tested.
DEATHS AND INFECTIONS
ASIA-PACIFIC
* India reported a record daily jump of 75,760 infections on Thursday, taking its total caseload to 3.31 million. Deaths rose by 1,023, pushing the toll to 60,472.
* South Korea reported 441 new cases as of Wednesday, the most daily infections since early-March.
* Australia’s Victoria state — epicentre of the nation’s second wave of COVID-19 infections — reported its lowest one-day rise in new cases in nearly two months.
EUROPE
* Britain will pay low-income residents to self-isolate if they have confirmed or suspected novel coronavirus as the government steps up measures to keep the virus under control.
* Phil Hogan quit as the EU’s Trade Commissioner after days of pressure over allegations he breached COVID-19 guidelines during a trip to his native Ireland.
* Ukraine has banned most foreigners until Sept. 28 and extended lockdown measures until the end of October.
AMERICAS
* Republicans in the U.S. Congress are working on a narrow coronavirus stimulus bill that could be circulated to rank-and-file lawmakers as soon as this week, as per a CNBC report.
* Canada’s National Research Council (NRC) said it has ended its partnership for a coronavirus vaccine with CanSino Biologics, saying the Chinese company lacks the authority to ship the vaccine at this time.
* Argentina posted a record daily rise of 10,550 confirmed COVID-19 cases, taking the total caseload to 370,188.
MIDDLE EAST AND AFRICA
* Gaza will remain in lockdown at least until Sunday, health officials said after reporting two deaths and 26 COVID-19 cases in the first public outbreak of the disease in the blockaded Palestinian enclave.
* Kenya’s president extended a nationwide curfew for another 30 days.
MEDICAL DEVELOPMENTS
* Johnson & Johnson has added Chile, Argentina and Peru to the Latin nations where it plans to conduct Phase III trials for its vaccine against COVID-19.
* Abbott Laboratories said it won U.S. marketing authorization for a COVID-19 portable antigen test that can deliver results within 15 minutes and will sell for $5.
* British military scientists discovered that a product found in insect repellent offers some protection against COVID-19, Sky News reported.
ECONOMIC IMPACT
* Asian shares touched two-year peaks on Thursday in the wake of Wall Street’s record run as cheap cash drove up big-cap tech darlings, although Sino-U.S. tensions caused caution to creep in as the session progressed.
* South Korea’s central bank cut its 2020 GDP forecast on concerns about the fallout of the COVID-19 pandemic on Asia’s fourth-largest economy.
* Japanese financial institutions may see credit costs balloon to levels hit during the global financial crisis if a resurgence in infections hammer the economy, Bank of Japan (BOJ) board member Hitoshi Suzuki said.
* France will erase the $117.89 billion cost of its economic recovery plan from its debt pile by 2025, its prime minister said.
* Mexico’s economy in the second quarter contracted the most since the Great Depression, despite a partial recovery in June.
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