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Indian bank bad debt could double in coronavirus crisis: SourcesIndia expects bad debts at its banks could double after the coronavirus crisis brought the economy to a sudden halt, a senior government official, and four top bankers told Reuters.Indian banks are already grappling with 9.35 trillion rupees ($123 billion) of soured loans, which was equivalent to about 9.1% of their total assets at the end of September 2019.87 test negative for COVID-19 in Manipur after arrival from AssamEighty-seven Manipuris, who arrived on Saturday after being stranded in Assam for days, have tested negative for COVID-19, health department officials said.
They were stranded in Assam in the wake of the nationwide lockdown to contain the spread of coronavirus.Trump says US to have coronavirus vaccine by end of yearPresident Donald Trump on Sunday said the United States will have a coronavirus vaccine by the end of this year.
“We are very confident that we’re going to have a vaccine at the end of the year, by the end of the year,” Trump said in a Fox News “town hall” show broadcast from the Lincoln Memorial in Washington, DC.8 more test COVID-19 positive in Ghaziabad, total cases rise to 82Eight more people tested positive for coronavirus in Ghaziabad, taking the total number of cases to 82 in the satellite town, officials said.
Of the total 127 samples tested in the last 24 hours, eight tested positive and 119 negative, Ajay Shankar Pandey said.US says ‘evidence’ virus came from China labUS Secretary of State Mike Pompeo on Sunday said: “enormous evidence” showed the new coronavirus originated in a lab in China, further fueling tensions with Beijing over its handling of the outbreak.
More than 243,000 people have been killed and 3.5 million infected worldwide by the virus, which has left half of humanity under some form of lockdown and pushed the global economy towards its worst downturn since the Great Depression.Turkey records 61 new COVID-19 deaths, lowest in over a monthTurkey’s health minister has announced 61 new deaths from COVID-19 in the past 24 hours, which is the lowest number in over a month.The country’s total death toll stands at 3,397.Fahrettin Koca tweeted Sunday that 1,670 more cases were confirmed, with the total number of infections now at 126,045.China reports 3 new coronavirus cases, all importedChina reported three new coronavirus cases for May 3, up from two the day before, data from the national health authority showed on Monday.
All of the new cases were imported, the National Health Commission said.Global coronavirus cases surpass 3.5 million, although rate slowingGlobal coronavirus cases surpassed 3.5 million on Monday, with deaths nearing a quarter of a million, although the rate of fatalities and new cases has slowed from peaks reached last month, a Reuters tally shows.
North America and European countries accounted for most of the new cases reported in recent days, but numbers were rising from smaller bases in Latin America, Africa, and Russia.S.Korea’s April factory activity suffers severely as export orders shrink at record paceSouth Korea’s factories were ravaged by the coronavirus outbreak in April, as worldwide lockdowns sent activity tumbling at its sharpest pace since the global financial crisis with exporters battered by the worst slump in orders in 16 years.
The IHS Markit purchasing managers’ index (PMI) skidded to 41.6 in April, the lowest reading since January 2009 and below the 50-mark that separates contraction from expansion, as the pandemic brought the global economy to a standstill.US coronavirus deaths rise by 1,450 in 24 hours: Johns HopkinsIn televised town hall, Trump pushes for economic reopeningAnxious for an economic recovery, President Donald Trump fielded Americans’ questions about decisions by some states to allow nonessential businesses to reopen while other states are on virtual lockdown due to the coronavirus.
After more than a month of being cooped up at the White House, Trump returned from a weekend at the Camp David presidential retreat in Maryland and participated in a “virtual” town hall, hosted Sunday night by Fox News Channel, from inside the Lincoln MemorialMexico reports 1,383 new coronavirus cases, 93 more deathsMexico’s health ministry reported 1,383 new coronavirus cases and 93 more deaths on Sunday, bringing the country’s total to 23,471 cases and 2,154 deaths.
Of Mexico’s 32 federal entities, only two have registered fewer than 100 cases, deputy health minister Hugo Lopez-Gatell told a news conference.