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Mint Lite Japan in recession, China in the WTO and other news of the day

States are increasingly tightening their borders as the number of cases of Kovid 19 in the country continues to rise. On Monday, Karnataka forbade people from Maharashtra, Gujarat, Tamil Nadu and Kerala until the 31st day of the month. Mei. Maharashtra, Gujarat and Tamil Nadu reported the highest number of cases in India, while in Kerala, where everything is going very well, there is an increase, especially among people who have returned from other countries and states. Haryana said only those who test negative for a new coronavirus can cross the border and return home. Progress has been made on vaccination, although the US government has stated that the widely used vaccine is likely to take 18 months. The experimental vaccine from the American biotechnology company Moderna appears to be capable of producing antibodies that can neutralise the virus. The results are based on the results of the first eight individuals, who each received two doses of the vaccine from March onwards. The company announced that it would soon move to the next phase with the participation of 600 people. The rest of the messages you need to know before you start your day is Mint Lite.

China provides assistance to WHO meeting

The annual meeting of the 194 members of the World Health Organisation began on Monday in virtual form in Geneva and was reduced to three days, while the United States questioned the UN structure’s response to Covid-19 and Australia and called on the EU to investigate the origin of the virus. At least 116 countries have supported this request; if two thirds of the members support it, it will be presented on Tuesday. Early ’73. At the 58th World Health Assembly, Xi Jinping of China said it had shared all the information and pledged $2 billion in two years to the WHO to help fight the pandemic. The head of WHO, Tedros Adhan Gebrews, promised to start assessing the response to the pandemic as soon as possible and promised transparency.

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Last month Swiggy closed some of his cloud kitchens and fired about 500 people.

More layoffs, higher unemployment rates.

Swiggy said Monday that 1,100 workers, or nearly 14 per cent of the workforce, will be laid off to cut costs, as a nearly two-month national blockade to contain the coronavirus outbreak has left its mark on demand. The news came on the same day that the Monitoring Centre for the Indian Economy released data showing that the national unemployment rate had fallen during the week to the 17th quarter. May was at 24%. Bengaluru-based Swiggy, with the support of the South African Internet giant Nasper, closed several of its online kitchens last month, laying off about 500 employees. Swiggy, who had about 8,000 employees last October, said it would pay three months’ salary to the employees concerned. Last week, Swiggy’s main competitor, Zomato, said it would lay off more than 500 employees, or 13% of the workforce.

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International Tourist Arrival, 2019 and 1. Quarter 2020 (% change)

A small welcome in the tourism sector in the context of the pandemic

The tourism sector is rather disappointed because it is not mentioned at all in the economic recovery plan ₹20 lakh crore. Some 4 Indian criminals are directly and indirectly employed in the sector and the Indian Tour Operators Association estimates that 38 million jobs are at stake in the tourism sector. According to the United Nations World Tourism Organization, the Kovid 19 pandemic caused a 22 percent drop in international tourist arrivals between January and March 2020, and the crisis could lead to an annual decrease of 60 to 80 percent compared to 2019 (see graph). Arrivals in March fell by 57%, with disruptions in many countries, resulting in a loss of about $80 billion in tourism exports.

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Japan now meets the technical definition of a recession with negative GDP for at least two consecutive quarters – it fell by 7.3% between October and December.

Japan is currently in recession.

Japan, the third largest economy in the world, fell into recession for the first time since 2015, when the coronavirus pandemic hit economies around the world. Japan’s GDP fell 3.4% year-on-year in January-March compared to the previous quarter due to lower exports and lower consumer spending, according to government data on Monday. Japan now meets the technical definition of a recession with negative GDP for at least two consecutive quarters – it fell by 7.3% between October and December. Last week, Germany plunged into recession when its economy was hit by ongoing blockades. For Japan, analysts predict a 21.5% decline for the quarter to June, which will be the largest decline since 1955. Measures to facilitate and stimulate the economy already account for 20% of GDP and the government now intends to adopt a second supplementary budget soon to further support the economy.

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Calls have been made to policymakers around the world to take the climate risks of industry (Reuters) into account when considering support.

Is green recovery the answer?

Extinction Rebellion, a group of climate activists, covered Trafalgar Square in London on Monday with 2,000 pairs of children’s shoes (above) to remind governments to think about the climate crisis when they plan to rebuild Kovid-19 and protect future generations. A global call has been made to policy makers to take the climate risks of the industry into account when considering support. In April, the International Monetary Fund stated that fiscal measures taken by governments to combat the effects of the virus should be harmonised in order to combat climate change and ensure an ecologically sustainable recovery from the pandemic. Earlier this month, Oxford University published a study by leading economists which concluded that investment in infrastructure such as clean energy networks, electric vehicles, broadband, green R&D and retraining of workers could enable a much stronger economic recovery from the threat of recession and help combat long-term climate risks.

Curator Shalini Umachandran. Is there something you want to tell us?

Email us at [email protected] or tweet us at @shalinimb.

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