The brutal economic impact of the coronavirus deepened on Wednesday with dire news from the United States and Germany, increasing pressure worldwide to ease lockdowns and reduce the cost of the pandemic.
The International Labour Organization’s (ILO) prediction that some 1.6 billion people employed in the informal economy — or nearly half the global workforce — could see their livelihoods destroyed due to the continued decline in working hours brought on by lockdowns to curb the spread of COVID-19 highlights the grim scenario prevailing across the globe on the employment front.
More than 2,483,840 declared cases have been registered in 193 countries and territories since the epidemic first emerged in China in December. Of these cases, at least 558,400 are now considered recovered.
Even the world's coldest continent is not immune to rising global temperatures, with scientists recording the first-ever heatwave event in Antarctica over the 2019-20 summer period.
More than 7.01 million people have been reported infected with the new coronavirus globally and 403,338 have died, a Reuters tally showed. Infections have been reported in more than 210 countries and territories since the first cases were identified in China last December.
Global stock markets fell on Tuesday as investors locked in profits from a strong recent run, with analysts saying that equity valuations had started to look too optimistic, prompting a reality check.
The warning by United Nations Secretary-General António Guterres that the COVID-19 pandemic could push nearly 50 million more people into extreme poverty deserves serious attention and countries should act immediately to shore up global food security.
The global coronavirus infections passing 14 million on Friday, as per a Reuters tally, is a grim milestone that makes it clear the war against the deadly pandemic is far from over.
Following the release of a UN study that shows at least 40 million children have missed out on early childhood education due to measures to combat COVID-19, the head of the UN Children’s Fund (UNICEF), Henrietta Fore, has warned that the pandemic is making a global childcare crisis even worse, and she is absolutely correct.