News you may have missed
The worldwide number of Covid-19 cases yesterday it rose by 5 million, while an additional 106,122 confirmed infections were reported, representing the highest daily increase since the start of the pandemic. 4,755 other people died of coronavirus disease yesterday. This figure is in line with the weekday average of the past seven days. The global death toll now stands at 326,844.
An early test for a vaccine co-developed by CanSino Biologics found that it is safe and effective in producing an immune response in humans, according to an article published in the medical journal The Lancet on Friday. The study of 108 patients between 18 and 60 years of age found that the vaccine produced neutralizing antibodies and a response in the participant’s T cells, a type of white blood cell.
The antimalarial drug that Donald TrumpThe president of the United States said he was taking it was linked to an increase in death rates and heart problems in Covid-19 patients, according to a study published in The Lancet. The study authors found that hydroxychloroquine and the closely related chloroquine drug did not benefit people suffering from Covid-19, but can have serious side effects.
Hertz, the car rental group supported by the American billionaire Carl Icahn, is slated to file for bankruptcy, joining a growing list of illustrious companies forced to go out of business due to the coronavirus pandemic. The Florida-based company was preparing to file for Chapter 11 bankruptcy after it failed to meet a payment deadline.
John Deere He warned of a year-over-year drop in earnings and sales of agricultural and industrial equipment following coronavirus blockades, but said his quarterly earnings fell less than feared. The tractor maker expects global sales of agriculture and grass equipment to drop between 10 and 15% in fiscal 2020, ending in November a year ago.
Aurify Brands, which manages franchises for the Five Guys fast food chain, has entered into an agreement to save the US arm of the Belgian bakery chain Le Pain Quotidien. The deal, which will see the U.S. business become a franchise from a licensee, is expected to result in a reduction in the number of stores, but will also lead to a renegotiation of leases, which in some cases account for 20% of sales.
The Bank of England said money market conditions they have become “more stable” since the height of the coronavirus crisis, allowing it to end one of its emergency liquidity measures. On Friday morning, the central bank said it would discontinue its three-month repurchase agreement structure starting next week, with final transactions scheduled for May 28.
Toyota is the latest automaker to reopen plants in Europe while coronavirus hangs easily on the continent. The Japanese company will resume production in Derby in the UK and Kolín in the Czech Republic next week. He has already restarted the engine factory in Deeside, Wales. The Burnaston plant near Derby will resume operations on May 26th.
BP is halve the number of top managers while the coronavirus pandemic accelerates a change of strategy under its new chief executive, Bernard Looney, to turn the UK’s major energy into a “smaller and more agile” company. The manager pool will be reduced from 250 people to around 120, with many who have held leadership positions under ex-boss Bob Dudley leaving the company in the coming months.
The Spanish government has given the green light to Madrid and Barcelona to begin gradually eliminating the country’s severe blockade after a two-week long clash with the capital’s authorities. Starting on Monday, people in both cities can meet in groups of up to 10 and travel within their provinces, while bars and restaurants will be allowed to serve customers outdoors.