Mint Lite Concern about Delhi , Mumbai, Airbus relief and other news of the day

The novel of the coronavirus may already have spread to China last August, reports the Harvard Medical School. It examined satellite images showing hospital routes and data from search engines. China rejected the report as incredibly ridiculous, arguing that it would be superficial to base such a conclusion on traffic patterns. It is generally assumed that the virus passed from animals to humans in November or December. So you can hear the rest of the news in five minutes, here’s the Mint Light.

Delhi, Mumbai can register more cases.

Public health experts across the country have warned of dangers that could reduce the effectiveness of contact tracing in the event of a coronavirus outbreak. India has reported almost 10,000 new infections in the last 24 hours. Deputy Prime Minister of Delhi Manish Sisodia said the capital is expected to record 550,000 cases of coronavirus infection by the end of July, assuming a doubling of the current contagion rate. He ruled out transmission in the residential sector, although Delhi’s health minister, Satyendar Jain, said the source of the infection could not be traced in nearly 50 per cent of cases in the capital. In Mumbai, Worley and Dharavi, the hot spots of the virus, a slight decrease in daily cases was recorded. In the meantime, the WHO warns of complacency and urges countries to continue their efforts to halt the spread of the pandemic, which is worsening worldwide. More than 7 million cases of coronavirus have been reported worldwide and Covid-19 has killed more than 400,000 people.

View the full image

The Airbus A350 takes off from Colomierre airport near Toulouse in France. RAY.

France withdraws from Airbus

France announced on Tuesday a $17 billion rescue package for Airbus and its suppliers, which includes investments in modernization, wage subsidies and loan guarantees. When the pandemic ended travel and the land fleet, the global airline industry sought financing and many governments stepped in. Cathay Pacific will sell shares in Hong Kong to raise $5 billion. Austria will grant aid and direct loans to Austrian Airlines. Lufthansa and Air France-KLM receive billions in state aid funds. South Korea is injecting $834 million into Korean Airlines. The Indian airlines had hoped for direct cash injections and credit or fee exemptions, but the government was unlucky. Sanitary measures cannot save all airlines, as the International Air Transport Association has stated that more than half of the aid granted by governments creates new obligations. This year, the global aviation industry’s debt could increase by 28% to $550 billion.

View the full image

More deaths at U.S. police stations

Police forces and mortality rate

Last week, protests against police violence spread outside the United States. Police forces around the world are notorious for their use of gratuitous violence, and it is often poor and marginalised communities that are faced with batons and weapons. This week in Nairobi, 200 people from one of the poorest neighbourhoods of the city marched peacefully to protest against police violence during the Kovid-19 blockade. In many countries, especially in Asia and Africa, the police have inherited the methods of the colonial masters and despite decades of independence little has changed. Iceland is one of the few countries where the police have killed only one person in its history. Data on people dying in captivity are hard to find worldwide, but in the United States many more people die because of the police than in many other countries.

View the full image

Asian companies are threatened by the risk of failure

Asian companies are threatened by the risk of failure

The risk of insolvency for Asian companies in the coming quarters is higher than last year, according to Reuters’ analysis of credit ratios, as the coronavirus pandemic has squeezed revenues and made it more difficult to refinance debt. An indicator of the ease with which a company can pay interest on its outstanding debt as a percentage of operating profit, fell to a low point in 11 years at the end of March. The sample included companies with a value of at least USD 500 million and available refining data. The ratio of net debt to EBITDA (earnings before interest, taxes, depreciation and amortization), which indicates the number of years the company will have to repay its debt, has reached its highest level since June 2014. Companies operating in the energy, real estate and utilities sectors were at the top of the list of default risks, reports Reuters. Airlines were most affected by ground flights and the reluctance of people.

View the full image

Brazil refuses to end the fun.

Brazil refuses to end the fun.

Even in Brazil, Covid-19 claimed more than 37,000 lives because civilians from Curitiba to the Amazon refused to stop the festivities and comply with security measures. The Guardian’s report states that the radio, rave and coronavirus evenings are organised in a discreet manner, with participants taking part without masks and without physical distance. Brazil reported almost 711,000 infections, the second only for the United States. Last Friday, the country’s Ministry of Health closed a website that published daily, weekly and monthly data on infections and mortality in the states. The next day the site returned, but the total number of infections for the states and the nation had disappeared. This step, ordered by the ultra-right president Jair Bolsonaro, led to a wave of indignation in Brazilian society when doctors, medical associations and state governors accused the government of totalitarianism and censorship and attacked what they called an attempt to control information.

Sign up for the newsletter.

* Enter a valid email address

* Thank you for subscribing to our newsletter.

Topics