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Hopes of progress against virus lift stocks; dollar falls

World stock markets posted sharp gains on Tuesday as signs of progress in curbing the spread of the novel coronavirus in both Europe and the United States fueled investors' appetite for risk.

[Read More] Posted: Wed, 8 Apr 2020 2:56:41 SGT
Special Report: How federal snafus slowed testing at a top U.S. hospital

The lab directors at the University of Virginia Medical Center felt powerless.

[Read More] Posted: Wed, 8 Apr 2020 2:56:41 SGT
Long lines and drive-through voting as Wisconsinites brave polls amid coronavirus

Wisconsin voters faced long lines at limited polling locations on Tuesday, as the Midwestern state's presidential primary and local elections moved ahead despite mounting fears about the coronavirus outbreak.

[Read More] Posted: Wed, 8 Apr 2020 2:56:41 SGT
U.S. economy will eventually reopen but with big changes: Kudlow

The Trump administration is aiming to reopen the U.S. economy when the nation's top health experts give the go-ahead, but Americans' lives will be drastically different, White House economic adviser Larry Kudlow said on Tuesday.

[Read More] Posted: Wed, 8 Apr 2020 2:56:41 SGT
Former Fed chief Bernanke sees bad year, no quick recovery

The U.S. economy could shrink 30% or more this quarter as stay-at-home orders aimed at slowing the coronavirus outbreak choke off business, and it could be a couple years before the economy regains its footing, former Federal Reserve Chair Ben Bernanke said on Tuesday.

[Read More] Posted: Wed, 8 Apr 2020 2:56:41 SGT
New York's Cuomo sees coronavirus plateau approaching even as daily death toll hits high

New York state, the U.S. epicenter of the coronavirus, is nearing a plateau in number of patients hospitalized, Governor Andrew Cuomo said on Tuesday, a hopeful sign even as deaths in his state and neighboring New Jersey hit single-day highs.

[Read More] Posted: Wed, 8 Apr 2020 2:56:41 SGT
Trump slams U.S. watchdog's report on shortages at coronavirus-hit hospitals

President Donald Trump on Tuesday accused the U.S. Health Department's inspector general of having produced a "fake dossier" on American hospitals suffering shortages on the frontlines of the coronavirus outbreak.

[Read More] Posted: Wed, 8 Apr 2020 2:56:41 SGT
UK PM Johnson, battling coronavirus, set for second night in intensive care

British Prime Minister Boris Johnson was set to spend a second night in intensive care on Tuesday to help him fight off a coronavirus infection, with his designated deputy saying he would pull through because "he's a fighter".

[Read More] Posted: Wed, 8 Apr 2020 2:56:41 SGT
Vice President Pence to brief U.S. lawmakers on coronavirus

U.S. Vice President Mike Pence plans to brief Congress on the nation's coronavirus outbreak in conference calls on Wednesday and Thursday, his spokeswoman said.

[Read More] Posted: Wed, 8 Apr 2020 2:56:41 SGT
In apparent swipe at China, Pompeo calls for transparency in coronavirus fight

U.S. Secretary of State Mike Pompeo on Tuesday urged all countries to be transparent and honest as they grapple with the coronavirus pandemic, a thinly veiled swipe at China, which reported no deaths from the illness for the first time since the outbreak began.

[Read More] Posted: Wed, 8 Apr 2020 2:56:41 SGT
Special Report: Doctors embrace drug touted by Trump for COVID-19, without hard evidence it works

The decades-old drug that President Donald Trump has persistently promoted as a potential weapon against COVID-19 has within a matter of weeks become a standard of care in areas of the United States hit hard by the pandemic ? though doctors prescribing it have no idea whether it works.

[Read More] Posted: Wed, 8 Apr 2020 2:56:41 SGT
Factbox: U.S. hospitals differ on best use of hydroxychloroquine for coronavirus

Major hospitals in New York, Louisiana and other areas hit hardest by the coronavirus outbreak are routinely using hydroxychloroquine on patients hospitalized with COVID-19, though robust evidence on whether it works is weeks, if not months, away.Hydroxychloroquine is a treatment for malaria and autoimmune diseases in use since the 1950's. The related drug chloroquine has been in use even longer, but is considered to be less safe. The drugs can have serious side effects, including vi

[Read More] Posted: Wed, 8 Apr 2020 2:56:41 SGT
UK PM Johnson is stable, still in intensive care: Downing Street

British Prime Minister Boris Johnsons condition is stable and he remains in intensive care for close monitoring, a spokesman for his office said on Tuesday.

[Read More] Posted: Wed, 8 Apr 2020 2:56:41 SGT
Wall Street gains on hopes of coronavirus slowdown

Wall Street rose on Tuesday on early signs of the coronavirus outbreak plateauing in some of the biggest U.S. hot spots, with the New York governor saying social distancing measures to curtail the spread of the virus were working.

[Read More] Posted: Wed, 8 Apr 2020 2:56:41 SGT
Trump says WHO is China-centric, 'really blew it' on coronavirus

U.S. President Donald Trump sharply criticized the World Health Organization on Tuesday, accusing it of being too focused on China and issuing bad advice during the coronavirus outbreak.

[Read More] Posted: Wed, 8 Apr 2020 2:56:41 SGT
Factbox: Reaction as UK PM Johnson moved to intensive care

British Prime Minister Boris Johnson was moved to intensive care on Monday after his coronavirus symptoms worsened and he has asked Foreign Secretary Dominic Raab to deputise, Downing Street said.

[Read More] Posted: Wed, 8 Apr 2020 2:56:41 SGT
UK's Raab says government will continue as PM moved to intensive care

The British government will continue to make sure Prime Minister Boris Johnson's plans for defeating the coronavirus outbreak are carried out while he receives treatment in intensive care, Foreign Secretary Dominic Raab said on Monday.

[Read More] Posted: Wed, 8 Apr 2020 2:56:41 SGT
UK PM Johnson 'stable' in intensive care, needed oxygen after COVID-19 symptoms worsened

British Prime Minister Boris Johnson was stable in intensive care on Tuesday after receiving oxygen support to help him battle COVID-19, while his foreign minister led the government's response to the accelerating outbreak.

[Read More] Posted: Wed, 8 Apr 2020 2:56:41 SGT
UK's Raab: I'm confident in arrangements PM has put in place while in hospital

British foreign minister Dominic Raab said on Tuesday Boris Johnson had asked him to deputise for as long as necessary and he had confidence in the arrangements the prime minister had put in place.

[Read More] Posted: Wed, 8 Apr 2020 2:56:41 SGT
UK coronavirus cases not accelerating but too early to call a peak: chief science adviser

Britain is not seeing an acceleration in the number of cases of COVID-19 but it is too early to tell whether the coronavirus outbreak is peaking, the government's Chief Scientific Adviser Patrick Vallance said on Tuesday.

[Read More] Posted: Wed, 8 Apr 2020 2:56:41 SGT



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