Day: July 11, 2020

Australia Warns of Vaccine Wait; Tokyo Cases Surge: Virus Update

(Bloomberg) —

A coronavirus vaccine may be two years away, if one is ever found, and low levels of infection may become a part of life, Australia’s deputy chief medical officer warned.

New infections in Tokyo exceeded 200 for a third day, though fell short of Friday’s record, Kyodo reported. Masked fans returned to baseball in Japan, making the country among the first to restart major sport with spectators. Germany’s infection rate stayed below a key level that’s crucial to preventing a second wave.

In the U.S., Texas hospitalizations topped 10,000 for the first time and California suffered its second-highest

Donald Trump rules out phase second phase trade deal with China

”The relationship with China has been severely damaged. I don’t think about it now,” Trump told reporters on Friday from Air Force One when asked about the trade deal. (Reuters photo)

US President Donald Trump has for the time being ruled out a second phase trade deal with China, saying the relationship between the two countries has been severely damaged with Beijing’s handling of the coronavirus outbreak.

”The relationship with China has been severely damaged. I don’t think about it now,” Trump told reporters on Friday from Air Force One when asked about the trade deal. Earlier in the year,

RBI Governor Shaktikanta Das decodes why banks are rushing to raise capital; warns NPAs set to rise

Shaktikanta Das said that the RBI worte to banks and other financial institutions in March this year asking them to have plans in place to ensure continuity of business and have mechanisms in place to deal with emerging challenges.

Decoding why a large number of lenders have been rushing to raise capital, Reserve bank of India (RBI) Governor Shaktikanta Das, today said that the central bank asked lenders to chalk out plans and keep adequate capital ready to deal with any shocks that come up owing to the coronavirus pandemic. Shaktikanta Das said that the RBI wrote to banks and