China drops 2020 financial development goal: Coronavirus stay updates

  • With 20,000 deaths and greater than 310,000 infections, Brazil is quick approaching Russia to grow to be the world’s second coronavirus hotspot, behind the United States.

  • China is not going to set an annual development goal for 2020 because it tries to rebuild its economic system within the wake of the coronavirus outbreak.

  • US President Donald Trump ordered the nation’s flags at half-mast to honour coronavirus victims.

  • More than 5 million individuals all over the world at the moment are confirmed to have the coronavirus, in accordance with information compiled by the Johns Hopkins University. More than 328,000 individuals have died globally whereas some 1.9 million individuals have recovered.

Here are all the newest updates:

Friday, May 22

I’ll be handing over this weblog to my colleagues in Doha shortly. Here’s the important thing developments from this morning:

  • Japan’s central financial institution is launching a $279bn programme to spice up lending to small corporations
  • New Zealand’s opposition switched leaders to counter hovering assist for Prime Minister Jacinda Ardern over her dealing with of the coronavirus
  • The IMF and Ukraine agreed in precept on a brand new $5bn help bundle

05:25 GMT – Japan central financial institution to spice up lending to small corporations

The Bank of Japan is providing 30 trillion yen ($279bn) in extra lending to assist small corporations combating the financial devastation wrought by coronavirus.

The central financial institution says it is going to begin offering the funding to banks in June. The new measure brings the Bank of Japan’s whole bundle of economic help to small and medium-sized corporations to 75 trillion yen.

It comes as information confirmed that Japan has slipped again into deflation for the primary time in additional than three years, with costs falling 0.2 % in April.

What does your ideally suited world post-coronavirus appear like? (2:16)

05:17 GMT – Philippine legislator proposes tax focusing on tech giants

Joey Salceda, a Philippine Congressman, has launched a invoice in parliament aimed toward taxing massive tech corporations comparable to Facebook, Alphabet’s Google and Youtube, Netflix and Spotify, to lift funds to battle the coronavirus.

The invoice appears to be like to lift 29 billion pesos ($571m) by imposing a worth added tax on digital companies offered within the Philippines, a key development space for e-commerce transactions as its individuals are among the many world’s heaviest customers of social media.

“We spent to fight COVID-19 and we need more to continue fighting it and recover,” Salceda, the invoice’s principal creator, instructed Reuters.

05:05 GMT – Thailand reviews no new instances, no new deaths

Thailand reported no new coronavirus infections or deaths on Friday, sustaining the overall of three,037 confirmed instances and 56 fatalities because the outbreak began in January.

There are 2,910 sufferers who’ve recovered and returned home because the outbreak began, the federal government’s coronavirus process pressure stated in an replace.

The spread of the coronavirus disease (COVID-19) in Bangkok

People eat lunch at a meals court docket of a division retailer, after the Thai authorities eased coronavirus restrictions in Bangkok, Thailand on May 21, 2020 [Athit Perawongmetha/ Reuters]

04:46 GMT – Malaysia confirms extra instances at migrant detention centre

Malaysia reported 35 new coronavirus instances at an immigration detention centre on the outskirts of the capital, Kuala Lumpur.

Noor Hisham Abdullah, director-general on the Malaysian well being ministry, stated the constructive instances on the Bukit Jalil immigration detention centre embrace 17 individuals from Myanmar, 15 from India and one every from Sri Lanka, Bangladesh and Egypt.

Malaysian authorities have detained greater than 1,800 migrants in at the least two raids as a part of efforts to include the unfold of the coronavirus, elevating issues they may as an alternative increase an infection dangers in overcrowded detention centres.

04:29 GMT – Australia’s most populous state to loosen up curbs on hospitality sector

New South Wales, Australia’s most populous state, stated restrictions imposed to gradual the unfold of coronavirus shall be eased to permit cafes, eating places and pubs to have as much as 50 seated patrons. 

“Losing 221,000 jobs in April was a disaster,” state premier Gladys Berejiklian instructed reporters in Sydney, referring to state-wide job losses. “We don’t want to see that continue.”

The measure will take impact on June 1. Nationally, nearly 600,000 individuals have been compelled out of labor in April by the coronavirus restrictions.

04:05 GMT – New Zealand opposition modifications chief

New Zealand’s conservative opposition switched leaders in a last-gasp bid to counter the report assist Prime Minister Jacinda Ardern is having fun with for holding the coronavirus.

National Party legislators voted to ditch Simon Bridges after opinion polls predicted he was headed for a wipeout at a common election on September 19. His substitute is former agri-business govt Todd Muller.

A One News-Colmar Brunton ballot launched on Thursday night time put assist for Ardern’s Labour Party up 18 factors at 59 %, a report for the centre-left grouping.

Ardern’s score as most well-liked prime minister was 63 %, up 21 factors to the very best determine recorded by any legislator within the survey’s 25-year historical past.

China congress: Leaders face unprecedented stress (2:27)

03:40 GMT – Australia extends bans on cruise ships

Australia prolonged its ban on cruise ship visits for 3 months till September 17.

Australian Border Force stated any cruise ship able to carrying greater than 100 passengers is prohibited from working cruises within the nation.

The ban has been in place since March 27, following lethal outbreaks linked to cruise ships.

02:07 GMT – No annual development goal for China, a primary in many years

China took the uncommon move of not setting an annual development goal this 12 months after the coronavirus battered the world’s second-largest economic system and ravaged world development.      

Instead, given “great uncertainty” brought on by the COVID-19 pandemic, Beijing will “give priority to stabilising employment and ensuring living standards”, Premier Li Keqiang instructed the opening of the National People’s Congress.

It is the primary time China has not set a gross home product aim because the authorities began to publish such targets in 1990.

Chinese Premier Li Keqiang

Chinese Premier Li Keqiang delivers his work report through the opening session of the National People’s Congress (NPC) on the Great Hall of the People in Beijing on May 22, 2020 [Leo Ramirez/ AFP]

01:33 GMT – Dozens check constructive at centres for stranded migrants in Panama

A Panama well being official stated 59 migrants stranded at Panamanian migration centres have examined constructive for the coronavirus.

More than 2,500 migrants turned stranded in Panama in March when the border with neighbouring Costa Rica was closed. The overwhelming majority of these individuals are being held in migration centres within the southern Darien province.

“It is not easy to have 1,900 people in a small place,” Dr Juan Rosales instructed Reuters information company. “The work has been hard.”

01:02 GMT – Australia seeks exemption from UK quarantine

Australia is looking for an exemption from a requirement that travellers arriving within the United Kingdom quarantine for 14 days to forestall the unfold of COVID-19.

Trade Minister Simon Birmingham stated in an announcement: “Australia has led the world in the successful containment of COVID-19, which clearly means that travellers coming from Australia would pose a low risk to the rest of the world.”

Birmingham stated Australia has no plans to open its borders to non-citizens, whereas all returning locals will nonetheless must quarantine for 2 weeks upon arrival.

00:46 GMT – IMF, Ukraine agree in precept on new $5bn help bundle

The International Monetary Fund (IMF) and Ukraine have reached an settlement in precept on a brand new $5bn help bundle to assist Kyiv battle the coronavirus disaster.

The settlement on the 18-month help programme is topic to the approval of the IMF’s administration and govt board, which is able to take a look at the deal “in the coming weeks,” the Washington-based lender stated.

Ivanna Vladkova Hollar, the official who led the IMF negotiating crew, stated the deal would provide “budget support” to Kyiv whereas “consolidating achievements to date, and moving forward on important structural reforms to reduce key vulnerabilities”. 

00:08 GMT – Trump orders US flags lowered to half-mast for virus victims

Donald Trump, the president of the United States, says he’ll order the US flag to be flown at half-mast over the following three days because the loss of life toll from COVID-19 approaches 100,000.

“I will be lowering the flags on all Federal Buildings and National Monuments to half-staff over the next three days in memory of the Americans we have lost to the CoronaVirus,” he stated in a Twitter put up.

The move follows a request from Democratic leaders to take action to recognise a “sad day of reckoning when we reach 100,000 deaths”.

00:03 GMT – Brazil passes 20,000 virus deaths after report 24-hour toll

The coronavirus loss of life toll in Brazil surpassed 20,000 after a report variety of fatalities in a 24-hour interval, the well being ministry stated.

The nation is the epicentre of the outbreak in Latin America and its highest one-day toll of 1,188 pushed the general loss of life tally to 20,047.

Brazil has now recorded greater than 310,000 instances, with specialists saying a scarcity of testing means the actual figures are in all probability a lot increased.

With its curve of infections and deaths rising sharply, the nation of 210 million ranks third on this planet when it comes to whole instances, behind the United States and Russia.

Hello and welcome to Al Jazeera persevering with protection of the coronavirus pandemic. I’m Zaheena Rasheed in Male, Maldives.

You can discover all of the updates from yesterday, May 21, right here.