(Bloomberg) -- New York State deaths topped 700 for a sixth straight day pushing the toll to more than 9,000. Italy had the fewest new fatalities in more than three weeks. France had the smallest rise in deaths in four days.Parts of the U.S. may be ready in May to ease restrictions that have shut many businesses, Anthony Fauci said. A regional Fed banker cast doubt on a rapid recovery after the limits end.France, Germany, Italy and Spain reported a slowdown in new cases, allowing governments to seek ways for safely easing lockdowns. The U.K. became the fifth nation to record more than 10,000 deaths.Key DevelopmentsCoronavirus Tracker: Global cases exceed 1.8 million; deaths top 112,000Russian flight brings dozens of cases into ChinaSpain cases keep slowing, deaths approach 17,000Cuomo to meet New Jersey, Connecticut leaders on reopening planVolatile data complicates ending Europe lockdownChina’s Harbin tightens measuresFrance Cases Lowest in a Week (1:40...
(Bloomberg) -- The world’s biggest pork producer is shuttering a major U.S. plant indefinitely after a coronavirus outbreak among employees, with the company warning that closures across the country are taking American meat supplies “perilously close to the edge” of shortfalls.Smithfield Foods Inc. will idle its Sioux Falls, South Dakota, pork-processing facility, which accounts for 4% to 5% of U.S. production, the company said in a statement Sunday. The move comes after state officials reported more than 200 cases of Covid-19 for plant employees, adding to a spike in infections that’s seen hundreds of American meat workers get sick. Plants have been forced to shutter or reduce output.“The closure of this facility, combined with a growing list of other protein plants that have shuttered across our industry, is pushing our country perilously close to the edge in terms of our meat supply,” Smithfield’s Chief Executive Officer Ken Sullivan said in the...
(Bloomberg) -- Negotiators raced to clinch a historic deal to cut oil supply and stem a devastating price rout, as the clock ticked down to a dramatic market open.OPEC+ ministers met virtually on Easter Sunday afternoon amid signs of progress. After four days of diplomatic wrangling between Mexico and Saudi Arabia, ministers were set to discuss a couple of possible compromises on their videocall, according to delegates. The meeting started late -- just four hours before Brent starts trading. The stakes are high: Prices are already collapsing under the weight of an oil glut that amounts to about a third of the market’s usual size, after the coronavirus pandemic shut down the global economy. That’s threatening the U.S. shale industry, wrecking the budgets of oil-dependent nations and making it harder for central banks to respond to the virus shock.The Kremlin warned of “unmanageable chaos” if negotiations fail. “The whole world needs...
(Bloomberg) -- New York State’s deaths remained higher than 700 for a sixth straight day. Italy, with Europe’s most coronavirus fatalities, reported the fewest new fatalities in more than three weeks.Parts of the U.S. may be ready in May to ease restrictions that have shut many businesses, Anthony Fauci said. A regional Fed banker cast doubt on a rapid recovery after the limits end.The U.K. became the fifth nation to record more than 10,000 deaths. Cases in Spain fell even as fatalities inched higher. Germany reported the fewest cases in five days.Key DevelopmentsCoronavirus Tracker: Global cases exceed 1.8 million; deaths top 110,000Russian flight brings dozens of cases into ChinaSpain cases keep slowing, deaths approach 17,000Cuomo to meet New Jersey, Connecticut leaders on reopening planVolatile data complicates ending Europe lockdownChina’s Harbin tightens measuresItaly Daily Deaths Least Since March 19 (12:10 p.m. NY)Italy reported 431 new deaths in the past day, the fewest...
(Bloomberg) -- New York State’s deaths exceeded 700 for a sixth straight day, Governor Andrew Cuomo said, as the daily total fell. The U.K. became the fifth nation to record more than 10,000 coronavirus fatalities.Parts of the U.S. may be ready in May to ease restrictions that have halted many businesses, Anthony Fauci said a day after the U.S. became the world’s epicenter of the outbreak.Cases in Spain fell even as fatalities inched higher. Germany reported the fewest cases in five days. Europe is likely to experience a more severe recession than the rest of the world and might not show proper signs of recovery until 2021, European Central Bank Vice President Luis de Guindos said.Key DevelopmentsBREAKING: New York state deaths exceed 700 for sixth straight day: CuomoCoronavirus Tracker: Global cases exceed 1.79 million; deaths top 110,000Russian flight brings dozens of cases into ChinaSpain cases keep slowing, deaths approach 17,000Volatile data...
