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Wednesday, June 3, 2020

LIVE – Coronavirus: 3.6 million workers on short-time work

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France continues, this Wednesday, to evacuate patients to relieve the regions the most saturated with, for the first time since Ile-de-France , two medical TGVs that will join Brittany. The country has crossed upwards the 3,500 dead mark, exceeding the official toll in China. Among the victims of the coronavirus is Pape Diouf, the former emblematic president of Olympique de Marseille, who died on Tuesday in Dakar.

The Minister of Health, Olivier Véran, is interviewed this Wednesday at the end of the day in the National Assembly by the fact-finding mission, in order to draw up an inventory of the “impact, management and consequences” of the Covid-19 epidemic. Gérald Darmanin, Minister of Action and Public Accounts, announced the one week lag in the tax return. Those who declare on paper will also be entitled to “an additional month”.

The main information to remember

> The epidemic caused 3,523 deaths (+499) in France. 52,128 cases have been confirmed.

Spain announced on Wednesday that it had set a new daily record of 864 dead in 24 hours, passing the 9,000 death mark.

> The United States expects “painful” days fearing that the death toll on its territory will exceed 100,000 deaths in the coming months.

Follow the events of this Wednesday April 1st live:

> “Monetary helicopter”: what are we talking about?

It is “the supreme weapon” for some, a dangerous tool for others. Theorized in 1969 by Milton Friedman, widely debated but never used, the “monetary helicopter”, direct distribution of money to individuals by monetary authorities, resurfaces as the pandemic causes an unprecedented economic shock. Back to a radical concept that appeals to many economists.

> Germany extends restrictive measures

Germany will extend at least until April 19 its measures to restrict social contact to stem the pandemic of new coronavirus, announced Angela Merkel.

“The contact restrictions are extended at least until April 19, we will make a new assessment on Tuesday after Easter,” said the Chancellor after an audio conference with leaders of the 16 Länder.

> How bakers, butchers and other cheese makers adapt to confinement

Faced with the overall decline in sales in food shops, which reached an average of 50% in bakeries, some closed. Like all entrepreneurs, they rely on load carryovers, state guaranteed loans or short-time working to keep up with the shock.

But the majority of professionals are mobilizing by refining their opening hours, by embarking on click & collect, or even in delivery.

> Who is Anthony Fauci?

The scientific pillar of the White House Task Force on the coronavirus continues to correct in public the erroneous statements of the American president of his unchanging tone.

If he can afford it, it is because he has acquired flawless legitimacy in fifty years of his career. But when you know the obscurity that prevails in the first circle of the president, he walks on a tightrope.

> Wall Street still in decline

The New York Stock Exchange opened sharply lower on Wednesday, the prospect of a deterioration in the health and economic situation in the United States due to the coronavirus prompting investors to abandon the equity market.

The Dow Jones lost 650.99 points, or 2.97%, to 21,266.17 points and the Standard & Poor’s 500 fell 3.15% to 2,503.30 points after a few minutes of trading. The Nasdaq Composite yielded 3.07% to 7,463.58 points at the opening.

> 8.3 million people at risk of poverty in the Arab world

About 8.3 million people are at risk of falling into poverty due to the economic consequences of the Covid-19 pandemic, the United Nations Economic and Social Commission for West Asia (ESCWA) said on Wednesday.

In addition to this figure, two million people will suffer from malnutrition, estimated ESCWA. “Arab governments must provide an emergency response to protect their people from poverty and food insecurity,” the agency urged, calling for coordinated “regional” action.

> Over 560 dead in one day in the UK

Britain recorded an additional 563 deaths from the coronavirus on Wednesday, a jump of 31% in 24 hours, the government announced on Wednesday.

Tuesday afternoon, the total number of deaths amounted to 2,352 in the country, against 1,789 the day before. The number of contamination cases reached 29,474 Wednesday, against 25,150 Tuesday (+ 17%).

> For the first time since 2017, the private sector is destroying jobs in the United States

The monthly survey by the consulting firm ADP shows that 27,000 jobs were destroyed last month, a first since September 2017, after the creation of 183,000 jobs in February.

But this figure could be much worse, the establishments having been questioned in mid-March, before many states and local governments put in place containment measures.

> A subsidiary of British American Tobacco is working on a vaccine

Kentucky BioProcessing (KBP), a subsidiary of the tobacco company (Lucky Strike, Dunhill), managed to clone a piece of the Covid-19 sequence, which made it possible to develop a molecule making antibodies capable of protecting against the virus . In order to be usable and to be reproduced, the antibody is injected into tobacco leaves, a method which BAT assures can be more effective than traditional techniques.

The vaccine is still in the pre-clinical testing phase and has not yet obtained approval from the health authorities. If its effectiveness is confirmed, BAT claims to be able to produce between 1 and 3 million doses per week from June.

> Over 3.5 million French people on partial unemployment

The invoice promises to be salty for public accounts. To date, 337,000 companies have applied for partial unemployment, announced Muriel Pénicaud. A total of 3.6 million employees are now affected by the scheme.

The Minister of Labor did not give a figure on the cost of the measure, but according to those around him, this represents a potential expenditure of 11 billion euros over a period of three months. Much more than 8.5 billion provided for in the amending finance bill.

> EU proposes framework for expanding partial unemployment

The framework proposed by the European executive is very clearly inspired by the legislation which exists in France or in Germany, for example, and which provides that public finances take over part of the salaries in order to dissuade companies from making redundancies .

“This should help Italy, Spain and all the other countries which have been seriously affected. And we will be able to do this thanks to the solidarity of all the other member states “, declared the president of the European Commission, Ursula von de Leyen in a video, adding that the device would be guaranteed by all the countries of the Union, without however specifying the method of financing.

> More than 204,000 small businesses have requested aid for 1,500 euros in France

“At 12 noon today, they were already 204,257 to have completed the form” on the Internet, said Wednesday the Minister of Public Accounts Gérald Darmanin on Twitter.

The solidarity fund plans to compensate up to 1,500 euros for the loss of turnover of very small and independent companies with less than one million euros in turnover and employing less than ten employees. To be eligible, companies must have lost 50% of their turnover for the month of March compared to the month of March 2019, and so on for the following month.

The Minister of Economy Bruno Le Maire indicated that 1.7 billion euros should be spent for the month of March alone.

> Chinese researchers have identified promising antibodies

A team of Chinese researchers has isolated several antibodies which they describe as “very effective” in blocking the ability of the new coronavirus to enter target cells.

In this approach, the antibodies developed against the infectious agent and present in the plasma of cured patients make it possible to offer short-term protection to newly infected patients. Caution remains in order. There are now a number of steps that must be followed before you can consider using these antibodies to treat patients.

> Donald Trump warns the United States: “We are going through 2 very, very, painful weeks”

> Vladimir Putin in teleworking

The chief medical officer of the main Moscow hospital, who had welcomed the Russian president in his establishment last week, announced Tuesday to be infected. “These days the president prefers to do everything by telework,” said Dmitri Peskov, before a meeting between Vladimir Putin and the government, which will take place unusually by videoconference.

> New death record in Spain

Spain announced on Wednesday that it had recorded a new daily record of 864 deaths from the new coronavirus in 24 hours, passing the 9,000 death mark, two months after the detection of a first case of contamination in the country.

The second country in the world most grieving by the pandemic, Spain has passed the 100,000 mark. Glimmer of hope, the rate of new infections continues to decline.

> Patients from Ile-de-France evacuated in Brittany

The first medicalized TGV carrying 24 Covid-19 patients left shortly after 11 am from the Austerlitz station in Paris, bound for Saint-Brieuc and Brest, according to the Directorate General for Health. A second TGV must follow, direction Rennes, with 12 other patients on board.

It is the first evacuation of coronavirus patients of this scale in Ile-de-France, where the capacities in the intensive care units are reaching saturation point. The 36 patients were in intensive care in ten public and private hospitals in the Ile-de-France region.

> More than 2,000 patients in Ile-de-France resuscitation services

On March 31, according to our information, the number of Covid-19 patients in intensive care surpassed the 2,000 threshold in Ile-de-France, with 221 additional patients intubated and ventilated in twenty-four hours. This threshold is precisely the objective of increasing capacities that the Regional Health Agency (ARS) set itself at the start of the crisis, starting from 1,200 beds – all the same more than a fifth of the national capacity.

Martin Hirsch, head of the AP-HP, welcomed the authorities’ decision to carry out 36 new evacuations of patients from Ile-de-France to other regions on Wednesday. “We call on the resuscitation nurses to come and save the sick. The state must requisition nurses today, ”begs for his part an overwhelmed hospital practitioner.

> Risk of “food shortage” on the world market

“Uncertainties about availability of food can trigger a wave of export restrictions”, itself causing “a shortage in the world market”, Qu Dongyu, who heads the United Nations, said in a rare joint statement Food and Agriculture Organization (FAO), Tedros Adhanom Ghebreyesus, Director General of the World Health Organization (WHO) and Roberto Azevedo, Director of the World Trade Organization (WTO).

For the three UN organizations, it is therefore “important” to ensure trade, “in particular to avoid food shortages,” says their joint text. They are worried in particular about the “slowdown in the circulation of workers in the agricultural and food industry” who are blocking many western farms, and “delays at the borders for containers” of goods which lead to a “mess of perishable products and a increased food waste ”.

> Manufacturing activity in Europe at its lowest since mid-2012

Manufacturing activity in the euro area fell in March as a result of severe supply chain disruptions related to coronavirus prevention measures, and this movement is expected to continue in the coming months, show final results from IHS Markit’s monthly survey. The manufacturing PMI fell to 44.5 from 44.8 in the first estimate and after 49.2 in February. This is the lowest figure recorded since mid-2012, during the eurozone debt crisis.

The activity of the French manufacturing sector knew in March its strongest fall for seven years, reports the law firm IHS Markit. The PMI purchasing managers index, which measures the sector’s overall performance based on data collected from a panel of 400 companies operating in France, fell to 43.2, compared to 49.8 in February, according to a statement.

> Containment extended until April 13 in Italy

The Italians will still stay at home for almost two weeks, after already three weeks of confinement. “We must not take the first positive signals as an end of alert signal. The figures show that we are on the right track and that the drastic decisions (that we have taken) are bearing fruit, “confirmed Minister of Health Roberto Speranza in the Italian Senate. Before adding: “The battle (against this epidemic) will still be long. “

Official reports released this week suggest a slowdown in the number of new cases of contamination recorded each day, which stood at 4,053 in the data released on Tuesday. The number of deaths attributed to the new coronavirus has remained relatively stable, at over 800 per day.

> Containment: new increase in the number of PVs distributed in France

Some 5.8 million checks have been carried out and 359,000 reports drawn up by the police in France since the introduction of compulsory confinement on March 17 in an attempt to curb the spread of the coronavirus, Christophe Castaner said on Wednesday.

Approaching the start of the Easter holidays for zone C, the first concerned, the Minister of the Interior also warned that there would be no derogation from the drastic limitation of travel, which has been extended two weeks until April 15, and he announced tightened controls.

> The stock exchanges continue to see red

At the opening, the stock markets were in sharp decline. The Paris Stock Exchange lost 3.10% to 4,259.94 points. The Dax was also down 3%, as was the Footsie in London. Investors are worried about the economic consequences of the coronavirus, as the health crisis worsens, especially in the United States.

The CAC 40 giants have erased more than 450 billion euros in capitalization. Never seen. It’s almost as if LVMH, L’Oréal and Sanofi had gone up in smoke.

> The ECB prepares people to keep rates low

The European Central Bank (ECB) will have to keep interest rates very low because of the low inflation already noted in March with the coronavirus pandemic, said Wednesday the Governor of the Banque de France, François Villeroy de Galhau.

He also judged that if Europe “can do more, on collective loans, coronabonds, whatever the mechanism, that’s fine”, but that “the mobilization in progress has been much stronger, much more faster than in 2008 “.

> Italy is heading for a severe recession

It is realistic to estimate the contraction of Italy’s gross domestic product (GDP) at 6% in 2020, said Economy Minister Roberto Gualtieri on Wednesday in an interview with the daily Il Fatto Quotidiano.

According to Confindustria, the General Confederation of Italian Industry, the coronavirus epidemic could lead to a 6% drop in Italian GDP in 2020 before a 3.2% rebound in 2021.

> Fujifilm launches clinical study on its influenza

The Japanese group has started a clinical trial to test the effectiveness of its influenza drug Avigan (favipiravir) to treat patients with the new coronavirus, after encouraging results from other studies conducted in China on this product.

“The trial will be conducted on 100 patients by the end of June” in Tokyo, said on Wednesday a spokesman for Fujifilm, known to the general public for its office automation and photography products, but which is also present in the medical sector. .

> EHPAD Orpéa: out of 80,000 residents, 0.5% of cases tested positive for Covid-19

Alerted by their Chinese establishment, the Orpea group, one of the European leaders in nursing homes, very quickly took stock of the crisis. His retirement homes in France are still relatively unaffected by the coronavirus epidemic at this stage. And everything is done to minimize the risks, explains its manager.

> The balance sheet in Germany is increasing

The coronavirus pandemic has now infected 67,366 people and caused 732 deaths in Germany, according to data published by the Robert Koch Institute (RKI) for infectious diseases.

This represents 5,453 cases of contamination and 149 additional deaths in one day, according to the RKI report.

> China reports 1,367 asymptomatic cases

For the first time, Chinese health authorities have reported the number of patients infected with the coronavirus showing no symptoms of Covid-19, following instructions from the government to dispel fears about possible hidden cases in mainland China.

Until now, the number of asymptomatic cases of the coronavirus was listed but kept confidential. The National Health Commission made no mention of it in the daily report.

> Edouard Philippe and Olivier Véran auditioned at the Assembly

The Prime Minister and the Minister of Health will be heard this Wednesday at the end of the afternoon in the National Assembly by the fact-finding mission, to talk about the “impact, management and consequences” of the epidemic. The hearing will take place by videoconference and will be broadcast on the website of the National Assembly. The purpose of the hearing by this mission is to check the measures taken by the government every week.

> The ecological transition could contribute to emerging from the crisis

What if it was an opportunity to start on a new basis? According to a study by the I4CE research center, after the epidemic in France, it will be time to invest massively in ecological transition and climate commitments. Experts recommend the implementation of an action plan of 7 billion euros per year mainly funded by the state (4.3 billion) and local communities (2.1 billion) which would, according to them , to set in motion 18 billion annual public and private investment until 2023.

> Free fall in the French auto market in March

The French car market fell 72.2% in March, victim of the coronavirus epidemic and measures of containment of the population which stopped the car trade, according to data published by the manufacturers.

In this extraordinary context, the French groups were affected like the rest of the market. PSA (Peugeot, Citroën, DS, Opel) saw its registrations of new passenger cars plummet (-73.4%), as did the Renault group (-71.6%), with Dacia and Alpine, according to the figures of the Committee of French Automobile Manufacturers (CCFA).

> Loss of taste and smell key symptoms of Covid-19

Losing taste and smell may be the best way to determine if you have Covid-19, according to a study based on data collected through a symptom tracking application developed by British scientists.

Nearly 60% of patients who have subsequently been screened for coronavirus reported having lost their sense of smell and taste, show data analyzed by researchers at King’s College, London.

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