Latest COVID-19 Cases

    United States31,990,143 cases
    71,542 new cases
    up 0.22% on yesterday
    576,298 deaths
    reported to date
    United Kingdom4,373,343 cases
    3,568 new cases
    up 0.08% on yesterday
    127,100 deaths
    reported to date
    Hong Kong11,608 cases
    13 new cases
    up 0.11% on yesterday
    207 deaths
    reported to date
    Singapore60,692 cases
    14 new cases
    up 0.02% on yesterday
    30 deaths
    reported to date
    India13,689,453 cases
    161,736 new cases
    up 1.18% on yesterday
    171,089 deaths
    reported to date
    Brazil13,521,409 cases
    38,866 new cases
    up 0.29% on yesterday
    355,031 deaths
    reported to date
    China90,435 cases
    9 new cases
    up 0.010% on yesterday
    4,636 deaths
    reported to date
    Australia29,426 cases
    7 new cases
    up 0.02% on yesterday
    910 deaths
    reported to date
    Globally137,329,018 cases
    631,360 new cases
    up 0.46% on yesterday
    2,961,075 deaths
    reported to date

COVID-19 News

  • Hong Kong reported 13 new COVID-19 cases on Tuesday (April 13). Among them, 3 were locally transmitted.
  • Hong Kong is planning to only allow those who’ve had COVID-19 shots to fly from the city to Singapore once both governments finalise a travel bubble. “The basis for discussion with Singapore is that people leaving Hong Kong and entering Singapore need to be vaccinated,” Chief Executive Carrie Lam said at a briefing late Monday, when outlining a plan to give people more leeway with social-distancing rules if they get inoculated.
  • India is to fast-track emergency approvals for COVID-19 vaccines that have been authorised by Western countries and Japan, paving the way for possible imports of Pfizer, Johnson & Johnson, Novavax and Moderna shots.
  • England will start using the Moderna vaccine on Tuesday, which will be used at over 20 sites this week as the third shot that is available in Britain for COVID-19.

Global News Highlights

  • The US federal budget deficit more than doubled to a record in the first half of the fiscal year amid a fresh wave of stimulus payments to cushion Americans from the pandemic. The deficit last month was $659.6 billion, the third-largest on record and biggest since last June, swelling the total from October to March to $1.71 trillion, according to a Treasury Department report. The six-month total compares with $743.5 billion in the prior-year period.
  • The UK economy rebounded in February as a mass vaccination program and the prospect of a loosening of restrictions lifted consumer confidence. GDP rose 0.4% following a revised 2.2% decline in January. The economy remains 7.8% smaller than it was before the pandemic hit Britain in February 2020. Britain is emerging from its third national lockdown with consumers and businesses increasingly optimistic about a rapid recovery from the worst recession in three centuries.
  • The French economy is slowing only slightly in April due to the tightening of restrictions, easing concerns that school closures would cause a deeper contraction. The Bank of France said activity will decline to 7% below pre-crisis levels in April after President Emmanuel Macron imposed stricter travel restrictions and ordered schools and nurseries to close. The hit to activity in March was 4%, better than previously estimated thanks to improvements in services, industry and construction, according to the institution’s monthly survey.

Asia News Highlights

  • China's exports grew at a robust pace in March in yet another boost to the nation's economic recovery as global demand picks up amid progress in worldwide COVID-19 vaccination, while its import growth surged to the highest in four years. The data reinforces signs of gathering momentum for the world's second-largest economy as it emerges from the COVID-19-led slump in early 2020.
  • Bank of Japan Governor Haruhiko Kuroda preached on Tuesday the benefits of a weak yen currency, saying it helped manufacturers by inflating the value of profits earned overseas. He added that it was hard to tell if strong US economic growth and a subsequent rise in US Treasury yields would lead to dollar gains against the yen, as many market players predict.
  • China's antitrust watchdog, cyberspace administration and its taxation authority on Tuesday ordered 34 of the country’s biggest internet companies, including Tencent, Meituan and ByteDance, to take note of Alibaba’s recent antitrust punishment and conduct self-inspections in the coming month as Beijing widens its regulatory crackdown on Big Tech.

World 2.0

  • HSBC and the Asian Development Bank (ADB) will provide a combined $300 million in financing to help Asia’s supply chains boost manufacturing capacity for COVID-19 vaccines, the two lenders said on Friday. The initiative builds on a risk-sharing scheme the banks launched in July to help to fund suppliers of personal protective equipment (PPE) as they and vaccine makers race to meet global demand that outstrips supply.
  • Bank of America said on Thursday it will deploy $1 trillion for its environmental business initiative to push for green finance by 2030, expanding on the $300 billion it had announced for the same project in 2019. The bank said the latest announcement puts its total commitment to sustainable finance by 2030 at $1.5 trillion. The initiative will help the bank’s push for a greener economy through lending, capital raising, advisory and investment services to help low-carbon and other sustainable businesses, Bank of America said.
  • IBM expects 80% of its employees to work in a hybrid model after the pandemic, a setup that offers flexibility but also poses challenges for community-building and upward mobility for staff in a virtual workspace. The majority of workers “will spend at least three days a week, maybe not all eight to 10 hours, but at least some fraction of those three days, in the office,” CEO Arvind Krishna said Wednesday.