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COVID-19 updates: Worst of economic crisis over

KARACHI: According to the European Central Bank chief Christine Lagarde the worst of the economic crisis unleashed by the Coronavirus pandemic is likely over.

“We probably have passed the lowest point. I say that with some trepidation because of course there could a severe second wave if we learn anything from the Spanish Flu,” she tells an online conference.

It has been noted that fewer than one in a hundred children who test positive for COVID-19 die although a small but significant percentage develop severe illness, a new study led by experts in Britain, Austria and Spain shows.

“Overall, the vast majority of children and young people experience only mild disease,” says Marc Tebruegge, lead author of the study published in The Lancet Child & Adolescent Health journal.

As far as the death toll is concerned the pandemic has killed at least 487,274 people worldwide since it surfaced in China late last year, according to an AFP tally at 1100 GMT on Friday, based on official sources.

The United States has the most deaths with 122,238, followed by Brazil with 54,971, Britain with 43,230, Italy with 34,678 and France 29,752.

Mexico surpasses 25,000 COVID-19 deaths and 200,000 cases, since reporting its first infection on 28th of February. Finance Minister Arturo Herrera reveals he has tested positive for the novel coronavirus, just three days after he met with President Andres Manuel Lopez Obrador.

Sweden objects to the World Health Organization including it on a list of 11 countries facing a resurgence of cases, saying it is a “total misinterpretation” of its data.

Ukraine, also on the list unveiled on Thursday, meanwhile reports a record daily increase in coronavirus cases as authorities warn lockdowns may have to be re-imposed if people continue to flout restrictions.

Britons are urged to abide by social distancing rules over fears of a coronavirus resurgence after tens of thousands of people descended on beaches during a heatwave.

The southern English seaside resort of Bournemouth declared a major incident on Thursday after thousands flocked to its beach on the hottest day of the year.

The Dutch government announces a 3.4 billion euro bailout for Air France-KLM to help it confront the crisis created by the pandemic.

Paris’s Orly airport reopens for the first time since March 31, but flights will be a fraction of the usual rate, with more than 70 flights scheduled Friday, compared to the normal run of 600 a day.

In Australia, supermarkets impose limits on how much toilet paper people can buy following panic buying by a population rattled over a surge in coronavirus cases in Melbourne, the country’s second-biggest city.

Panamanian Roberto Duran, six-time boxing world champion, is hospitalized in non-life-threatening condition with the novel coronavirus on the same day that Panama hits a new record of daily cases. | YouTube Channel

M M Alam

M. M. Alam is a Pakistan-based working journalist since 1981. Karachi University faculty gold medalist Alam began his career four decades ago by writing for Dawn, Pakistan’s highest circulating English daily. He has worked for region’s leading publications, global aviation periodicals including Rotors (of USA) and vetted New York Times as permanent employee of daily Express Tribune. Alam regularly covers international aviation and defense-related events including Salon Du Bourget (France), Farnborough (United Kingdom), Dubai (UAE). Alam has reported thousands of events and interviewed hundreds of people in Pakistan, UAE, EU, UK and USA. Being Francophone Alam also coordinates with a number of French publications.