Global Coronavirus Cases Surpass 30 Million


India is only next to the United States, which has a caseload of around 66 lakh (Representational)

New Delhi:

Global coronavirus cases exceeded 30 million on Thursday, as the World Health Organization warned of “alarming rates of transmission” across Europe and cautioned against shortening quarantine periods.

Since COVID-19 was first detected in Wuhan, China, late in 2019, it has claimed more than 943,000 lives around the world, according to the latest AFP tally based on official sources. Europe accounts for 4.7 million of the total.

Meanwhile, coronavirus cases in India have crossed the 51 lakh-mark. India is only next to the United States, which has a caseload of around 66 lakh. 

Here are the Updates on Coronavirus (COVID-19) Cases:



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Global Covid-19 cases to soon surpass 30 million


Global coronavirus cases are expected to pass 30 million on Thursday, according to a Reuters tally, with the pandemic showing no signs of slowing.

India was firmly in focus as the latest epicentre, although North and South America combined accounted for almost half of the global cases.

Global new daily case numbers reached record levels in recent days and deaths neared 1 million as the international race to develop and market a vaccine heated up.

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The official number of global coronavirus cases is now more than five times the number of severe influenza illnesses recorded annually, according to World Health Organization data.

Around the world, there have been almost 1 million deaths, considered a lagging indicator given the two-week incubation period of the virus. That has well exceeded the upper range of 2,90,000 to 6,50,000 annual deaths linked to influenza.

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India on Wednesday became only the second country in the world, after the US, to record more than 5 million cases.

The world’s second most populous country has been reporting more new daily cases than the US since mid-August and accounts for just over 16 per cent of global known cases.

The US has about 20 per cent of all global cases, although it has just 4 per cent of the world’s population. Brazil, the third worst-hit country, accounts for roughly 15 per cent of global cases.

It took 18 days for global cases to surge from 25 million to more than 30 million. It took 20 days for the world to go from 20 million to 25 million and 19 days to go from 15 million to 20 million.

The global rate of new daily cases is slowing, reflecting progress in constraining the disease in many countries, despite a few big surges.

Health experts stress that official data almost certainly under-reports both infections and deaths, particularly in countries with limited testing capacity.

The race to develop and bring to market a novel coronavirus vaccine has grown increasingly frenetic in recent weeks with about 200 candidates in development globally.

US President Donald Trump has said his country could have a vaccine ready for distribution before the US election on November 3, while a Chinese health official this week said China may have a vaccine ready for public use as early as November.





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Analysts bullish again on Canadian banks as five out of Big Six surpass expectations


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Indeed, Scotiabank was the only member of the Big Six that failed to beat analyst expectations. it was also the only party that raised its loan loss provisions from $1.8 billion to $2.1 billion. Morningstar analyst Eric Compton said Scotiabank’s exposure outside of Canada, particularly in Latin America could stunt its recovery in comparison to the rest of the sector.

Scotiabank was the only member of the Big Six that failed to beat analyst expectations. Photo by Chris Wattie/Reuters files

“I’d rather be in the camp where you need to count on Canada to get through COVID-19 as opposed to Canada plus Mexico, plus other parts of Latin America,” Compton said. “When you have to count on five different countries to get through, it could be a little more difficult and the risks would be higher.”

As for the other banks, Compton also doesn’t expect the record capital markets revenue to be sustainable and so the fourth quarter for these banks will rely on other portions of their businesses recovering and offsetting the difference.

The best opportunity to invest in these would’ve been when they bottomed out in late March, he said. There’s less upside with names like RBC and National Bank, which are less than 10 per cent away from reaching their pre-pandemic highs. That doesn’t mean they’re bad investments, it means that outperformance will be harder to come by. It also has a positive connotation.

“Part of the reason they’re higher priced is it seems some of the risks are evaporating,” Compton said.

Financial Post

• Email: vferreira@nationalpost.com | Twitter:





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Trump under fire as US COVID-19 deaths surpass 130,000


“There were no tests for a new virus, but now we have tested over 40 million people,” he said. “By so doing, we show cases, 99 per cent of which are totally harmless. Results that no other country will show, because no other country has testing that we have — not in terms of the numbers or in terms of the quality.”

Trump’s Independence Day comments drew sharp criticism from governors and health experts, who accused the President of downplaying the escalating crisis.

New York Governor Andrew Cuomo, whose state has gone from being the original US epicentre of the pandemic to one of the few places now flattening the curve, said on Monday, local time, that the President was in denial and effectively “facilitating” the virus.

“Mr President, don’t be a co-conspirator of COVID,” Governor Cuomo said.

“Do one simple thing: acknowledge to the American people that COVID exists. It is a major problem. It’s going to continue until we admit it and each of us stands up to do our part.

“If he does not acknowledge that, he is facilitating the virus. He is enabling the virus.”

With a population of more than 19 million people, New York was the first state to mandate masks on April 15, and on Sunday recorded a relatively low nine deaths, Mr Cuomo announced.

By comparison, Florida has had at least 200,103 cases overall, according to a New York Times tracking database, with 10,059 new cases on Sunday and 29 new deaths.

In a bid to stop the spread of the virus, more than half of the nation has been forced to roll back reopening plans, further denting an already fickle US economy.

One local county, Miami Dade, announced on Monday that it would shut down gyms, party venues and restaurants from Wednesday, while other populous states are also showing ominous signs.

In Texas, more than 2000 new cases were announced over the weekend.

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In California, Governor Gavin Newsom has ordered bars, movie theatres and restaurants to close across more than 19 counties. And in Mississippi, several lawmakers, including the Speaker of the House of Representatives, have tested positive for COVID-19.

Overall, the seven-day average for daily new cases in the US peaked for the 27th day in a row, climbing past 48,000 on Sunday.

– with the New York Times

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COVID-19 cases surpass 7.4 million, Australia death toll at 102


Large indoor gatherings are forbidden, schools, theatres and cinemas remain closed, and President Aleksandar Vucic’s own party is shunning mass rallies ahead of an election in 10 days.

Testing and tracing cases and their contacts has shown some small clusters of infection, but Vucic, whose government rescheduled the election from April to June because of the outbreak, was confident.

“Because of the reopening (after the state of emergency), we have new cases as we are ill-disciplined … but they are mainly asymptomatic,” he said. “We will listen to what our doctors say.”

Eastern Europe has, by and large, been spared the huge epidemics and death tolls seen further west. Serbia has confirmed just over 12,000 cases and 252 deaths among its 7.2 million people, with new infections running at a few dozen a day.

Reuters



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WHO issues stark warning, says COVID-19 is ‘on the way up’; Global virus cases surpass 5.5 million


Another aged care resident tested positive to COVID-19 at HammondCare in Caulfield, although a second swab returned a negative result.

Five cases (not including the Lyden Aged Care staff) were added to Victoria’s official tally yesterday morning, including three cases detected in returned travellers in hotel quarantine and one case uncovered through community testing.

It also emerged that a teacher at Keilor Downs Secondary College tested positive on Friday, but fortunately had not been at the school.

In Sydney, parents converged on Bondi’s drive-through testing clinic yesterday afternoon after students at two private eastern suburbs schools contracted the virus.

Two returned overseas travellers in hotel quarantine in Sydney also tested positive.

Meanwhile there is an emerging situation in Western Australia, with concerns held for six Fremantle Port workers who boarded a live export ship before an outbreak of COVID-19 on the vessel was confirmed. Six of the 48 crew, who are not Australian, have since tested positive to the virus and are being quarantined in a Perth hotel.

In Queensland, a passenger of the Ruby Princess cruise ship who tested positive to coronavirus is suspected to have carried the “dormant” virus for almost 10 weeks before falling ill. The woman was diagnosed in Cairns.

South Australia also reported a single case.

with Mary Ward



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NSW COVID-19 restrictions to be lifted for more businesses as cases surpass 5.3 million, worldwide, Australia death toll at 102


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Federal Health Minister Greg Hunt has announced the third stage of the federal government’s mental health response encompassing $20 million in mental health research funding, including $3 million for investigating the impact of the coronavirus pandemic on mental health.

Addressing media in Canberra on Monday, Mr Hunt said just over $10 million of the funding would go towards suicide prevention and more than $6 million was to be put towards better tailored mental health medication.

“As we focus rightly on the health of Australians, we must never lose sight of the mental health of Australians,” he said.

“Everybody in this room, everybody in any other room in Australia, if not themselves or their families, [will know] people that have had stress, anxiety and pressure at different points in their lives, but particularly during an unprecedented health crisis which has an unprecedented economic impact on the country.”



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