Russia reports highest daily rise in coronavirus cases; Singapore prepares to ease partial lockdown
- Russia's coronavirus crisis response center reported 9,623 new confirmed cases of Covid-19 on Saturday, its highest daily figure to date.
- Singapore's health ministry on Saturday reported an additional 447 new cases, taking its total to 17,548.
- Germany's confirmed cases of the coronavirus disease, or Covid-19, rose by 945 to a total of 161,703, according to the Robert Koch Institute for infectious diseases.
- Singapore will start easing some partial lockdown measures this month as new cases in the broader community has dropped, said the country's Minister for Health Gan Kim Yong.
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- Global cases: More than 3.3 million
- Global deaths: At least 238,826
- Most cases reported: United States (1,104,161), Spain (213,435), Italy (207,428), United Kingdom (178,685), and France (167,305).
The data above was compiled by Johns Hopkins University as of 5:05 pm Beijing time.
All times below are in Beijing time.
8:20 pm: Ireland announces a $6.5 billion+ package to support businesses
The Irish government has announced a new support package worth more than 6 billion euros ($6.66 billion) for businesses being hurt by the coronavirus pandemic.
In a statement released Saturday, the government outlined the following measures to support Irish businesses:
- A 10,000 euro restart grant for micro and small businesses
- A three-month commercial rates waiver for firms that have been affected by Covid-19
- A 2 billion euro Pandemic Stabilisation and Recovery Fund, which will make capital available to medium and large businesses
- A 2 billion euro COVID-19 Credit Guarantee Scheme to support lending to small and medium size businesses, below market rates
- The "warehousing" of tax liabilities for a year after trading starts again
- A promise to make up any rates shortfalls to local authorities
"On top of the measures previously put in place by Government, this suite of measures being outlined today is designed to build confidence, further assist businesses in terms of the management of their companies, and allow them to begin looking to the future and start charting a path forward for weeks and months ahead," Paschal Donohoe, finance minister, said in the statement.
7:30 pm: CEO of France's SocGen warns of coronavirus provisions of up to $5.5 billion
The CEO of Societe Generale (SocGen) has warned it is preparing to take provisions of between 3.5 billion euros to 5 billion euros ($3.88 billion-$5.55 billion) this year to deal with the coronavirus crisis.
In an interview with French newspaper Les Echoes, Frederic Oudea said this was "by far the most serious crisis we have had to face," but argued the bank was well placed to cope with the fallout from the Covid-19 pandemic.
The comments come after SocGen surprised markets by announcing a first-quarter loss in pre-released earnings this week.
7:00 pm: New cases in Malaysia jump but authorities defend lifting lockdown
Malaysia reported 105 new cases of the coronavirus on Saturday, its highest rise on a daily basis since mid-April, Reuters reported.
The total number of confirmed infections in the country now stands at 6,176, with 103 deaths.
Despite the jump in confirmed cases however, the country plans to starting easing lockdown measures from next week — a decision ministers have defended.
Reuters reported that Security Minister Ismail Sabri said the country was not moving too quickly in relaxing restrictions. He added that the businesses due to reopen on Monday were required to have hygiene and social distancing measures in place. — Bishop
5:45 pm: Spain's coronavirus death toll passes 25,000
Spain's health ministry has said that 276 people died from Friday to Saturday, taking the total number of deaths to 25,100.
The total number of cases in the country rose from 215,216 to 216,582.
Although Spain has been one of the hardest hit countries by the Covid-19 outbreak in Europe, it has passed its peak and is starting to ease its lockdown measures.
On Saturday, for the first time in seven week, adults were allowed to go outside to exercise. — Bishop
4:45 pm: Russia's daily confirmed cases hits a new high
Russia's coronavirus crisis response center reported 9,623 new confirmed cases of Covid-19 on Saturday, its highest daily figure to date. It brings the total number of confirmed cases in the country to 124,054.
An additional 57 people died in Russia, the center said, taking the total number of deaths to 1,222.
Last month, Russia sought to distance itself from a dispute brewing between the U.S. and China over the origin of the coronavirus. Dmitry Peskov, Russian President Vladimir Putin's spokesman, told CNBC it wouldn't support a U.S. investigation into the source of the virus. — Bishop
3:15 pm: Singapore reports 447 new cases of coronavirus
Singapore's health ministry on Saturday reported an additional 447 new cases of Covid-19.
It said the "vast majority" of the preliminarily confirmed cases were "Work Permit holders residing in foreign worker dormitories."
The figure takes the total in Singapore to 17,548. — Bishop
2:35 pm: New York nurses' plea for protection against coronavirus dismissed by US court
A plea by a New York nurses' association to provide adequate protective equipment in the fight against Covid-19 has been dismissed by a US District Court, Reuters reported.
The New York State Nurses Association (NYSNA) had accused the New York Department of Health, Montefiore Medical Center and the parent company of the Westchester Medical Center of not providing a N95 respirator mask each day, as required.
The health department and hospitals argued they were taking necessary actions to protect their workers, according to Reuters.
However, Jesse Fruman, U.S. district judge for the southern district of New York, said Friday that the parties were better placed to come to agreement on the issue outside of court.
"Both sides presumably share the ultimate goal of maximizing protections for healthcare workers on the front lines of the battle against a vicious disease without compromising patient care," the judge said, according to Reuters.
"The parties are plainly in a better position than either the Court or an arbitrator to find the best ways to achieve that goal despite limited resources and ever-changing circumstances."
However, he urged the health department and hospitals to act fast in addressing the concerns of the nurses. — Bishop
12:30 pm: Singapore makes plans to relax 'circuit breaker' measures
Singapore will start easing some partial lockdown measures this month as new cases in the broader community has dropped, the country's health ministry said.
Selected activities such as home-based businesses, laundry services and barbers will be allowed to resume operations on May 12, while students will be brought back to school in small groups starting May 19. Some workplaces will also gradually open.
Singapore has put in place what it calls "circuit breaker" measures to curb the spread of the coronavirus since early April after the number of cases surged due to infections found in dormitories that house migrant workers.
As of Friday, the country has reported 17,101 confirmed cases — one of the highest in Asia — and 16 deaths, according to the health ministry. — Yen Nee Lee
12:02 pm: This chart shows how the number of reported cases has grown globally
11:14 am: Germany reports fewer than 1,000 new cases
Germany's confirmed cases of the coronavirus disease, or Covid-19, rose by 945 to a total of 161,703, according to the latest data from the Robert Koch Institute for infectious diseases.
Total fatalities due to the virus increased by 94 to 6,575, the institute said. — Yen Nee Lee
11:00 am: India extends nationwide lockdown by 2 weeks
India will extend its nationwide lockdown — imposed to stem the spread of the coronavirus — for another two weeks after May 4, Reuters reported on Friday, citing a statement by the home affairs ministry.
The statement said there would be "considerable relaxations" in lower-risk districts, the report said. But some activities will remain prohibited throughout the country, including travel by air, rail and metro, according to the report.
India, one of the world's most populous nations, has reported more than 35,000 coronavirus cases and 1,152 deaths as of Friday, according to the Ministry of Health and Family Welfare. — Yen Nee Lee
10:40 am: Tesla tells furloughed workers to expect a week or more of unemployment
Tesla braced its furloughed U.S. employees on Friday for at least another week of unemployment, according to a memo obtained by CNBC.
The internal communication, from Tesla's human resources boss, Valerie Capers Workman, followed an expletive-laced outburst by CEO Elon Musk on a Wednesday earnings call during which he said Covid-19 health orders, effecting his business, were "fascist."
In Alameda County, home to Tesla's Fremont car plant, Tesla has been forced to keep its facility operating at a "minimum basic" level since March 24, and unable to produce new electric vehicles. — Lora Kolodny
10:20 am: South Korea adds 6 new cases, 2 more deaths
South Korea reported another six coronavirus cases, bringing its total infections to 10,780, according to the latest data by Korea Centers for Disease Control and Prevention.
That's the fourth consecutive day that the country had reported below 10 new daily cases, KCDC data showed.
There were two additional deaths, taking South Korea's death toll to 250 since the outbreak, said KCDC. — Yen Nee Lee
9:50 am: China reports 1 new infection, no additional deaths
China's National Health Commission said there was one new confirmed case of the coronavirus disease — which was "imported" — and no additional deaths.
Cumulatively, confirmed cases in China stood at 82,875 and the death toll at 4,633, according to the health authority. A total of 77,685 cases have recovered and discharged from hospitals, said the commission.
The NHC also said there were 20 new asymptomatic cases, where people tested positive for the virus but did not show any symptoms. The NHC said there were 989 such cases under medical observation. — Yen Nee Lee
9:19 am: Malaysia will ease partial lockdown measures on Monday
From Monday, Malaysia will relax some partial lockdown measures put in place to stem the spread of the coronavirus, Prime Minister Muhyiddin Yassin announced on Friday.
Those measures have been in place since March 18. The prime minister said that the country is losing about 2.4 billion Malaysian ringgit ($558.5 million) a day during the partial lockdown, with the total loss estimated to be 63 billion Malaysian ringgit ($14.66 billion) so far.
Muhyiddin said almost all economic sectors and business activities will be allowed to resume subject to conditions and standard operating procedures laid down by authorities. Some inter-state travel will also be allowed, he added.
But religious, sports and recreational activities that involve large gatherings will still be banned, and schools will remain closed, said the prime minister.
Malaysia has reported 6,071 coronavirus cases as of Friday, with 103 deaths, according to its health ministry. — Yen Nee Lee
8:58 am: Mexico reports 1,515 new cases, 113 more deaths
Mexico reported 1,515 new coronavirus cases on Friday local time, bringing its tally to 20,739, reported Reuters, citing the country's health ministry.
There were 113 additional deaths, which takes the total fatalities to 1,972 since the outbreak, according to the report. — Yen Nee Lee
All times below are in Eastern time.
7:08 pm: Dr Fauci will not testify at House hearing on coronavirus response
Trump administration health official Dr. Anthony Fauci was blocked by the White House from testifying at a House hearing on the U.S. coronavirus response next week.
White House spokesman Judd Deere said while the administration tries to combat the pandemic, "it is counter-productive to have the very individuals involved in those efforts appearing at congressional hearings."
Read the full report on the White House move from CNBC's Jacob Pramuk here. —Chris Eudaily
4:30 pm: California Gov. Gavin Newsom says state is 'days, not weeks' away from easing restrictions
California could be "days, not weeks" away from making significant modifications to its shelter-and-place order, the state's Gov. Gavin Newsom said.
"I feel some confidence over the course of the next week we're going to be able to make some announcements that will give people some more confidence in the ability for California to get back on its economic feet," Newsom said.
State officials are "very, very close to making some announcements" that would benefit people in the retail and hospitality industries, including restaurants, he added.
"If we can hold the line and continue to do good work and just avoid the temptation to get back and congregate with people in ways where we can see an increase in the spread, we'll get there much sooner than many people perhaps think," Newsom said, according to a report by CNBC's Noah Higgins-Dunn. —Riya Bhattacharjee
Read CNBC's coverage from the U.S. overnight: California could be 'days' away from easing restrictions, NBA postpones draft lottery