London Daily

Focus on the big picture.
Thursday, Oct 30, 2025

UK plans $39b stimulus; more NY cases: Virus update

UK plans $39b stimulus; more NY cases: Virus update

US cases climbed past 1,000 according to a Johns Hopkins tally that includes cruise ships, as a top health official said some parts of the country are now beyond containment efforts.

Regions from Italy to New York amped up containment efforts as the global death toll rose above 4,000. Infections in Italy topped 10,000 as the country attempted a nationwide lockdown. A UK health minister became the first British member of parliament to test positive for the virus.

US equity futures retreated as investors awaited details on stimulus measures to counter the coronavirus impact. US President Donald Trump didn’t appear at a briefing after promising a day earlier he would announce a “major” economic package.

UK Chancellor of the Exchequer Rishi Sunak says announced a total fiscal stimulus package valued at 30 billion pounds ($39 billion) to support jobs and businesses. That came hours after the Bank of England cut interest rates.

A man in his 50s who attended a mining conference in Toronto, one of the industry’s biggest, has tested positive for Covid-19. The man went to the hospital in Sudbury, Ontario, on March 7. He was discharged home and remains in self-isolation.

More than 23,100 people attended the Prospectors & Developers Association of Canada conference in Toronto March 1 to 4, including Canadian Prime Minister Justin Trudeau and Ontario Premier Doug Ford. The man attended the conference March 2 and 3.

Speaking to a panel of lawmakers in London on Wednesday, Cabinet Office Minister Michael Gove said whether the talks will go ahead as planned is now a “live question.” “We have had indications today from Belgium that there may be public health concerns,” he said.

The Bank of Japan is likely to ease monetary policy next week, Reuters reported, citing what it says are people familiar with the central bank’s thinking. There is no consensus on how the BOJ will ease, but increasing the size of the bank’s ETF purchases is seen as among the most likely options, the sources told Reuters.

The UK Treasury Department is considering extending the 2019 tax-filing deadline beyond April 15 to provide relief from economic disruption caused by the coronavirus outbreak, according to two people familiar with the matter.

Treasury officials have been discussing the idea of extending the Internal Revenue Service’s payment deadline as the Trump administration considers measures to relieve economic pressure on citizens, businesses and government agencies dealing with the impact of the virus, according to the people.

China’s Hubei Province allows some work resumption

Hubei, the Chinese province at the centre of the coronavirus outbreak, will allow some work resumption after the region was locked down in January. Companies in sectors including utilities, daily necessities and agriculture necessities in Wuhan city and Hubei province can restart production, the provincial government said in a statement.

Minister says Olympics postponement ‘inconceivable’

A postponement or delay to the 2020 Olympics in Tokyo is “inconceivable”, the Japanese minister responsible for the games said, responding to comments made by a member of the organizing committee which suggested a possible delay of up to two years as the coronavirus continues to spread.

Cathay projects ‘substantial’ loss on virus

Cathay Pacific Airways Ltd forecast its first loss in two years as the coronavirus hurts travel demand and aggravates the challenges facing a carrier that battled through the Hong Kong protests last year.

Hong Kong’s flag carrier is expecting a “substantial loss” in the first half of 2020, it said in a statement. That would be the first time the company lost money since the first half of 2018.

The airline has slashed capacity to mainland China by 90% and reduced its entire international network by about 40% because of the coronavirus. Cathay, which is particularly exposed to the virus because close to half of its revenue comes from Hong Kong and mainland China, also asked employees to take unpaid leave as it tries to weather the latest crisis.

US cases top 1,000 in Johns Hopkins tally

The US has 1,001 confirmed cases of coronavirus, according to a Johns Hopkins University tally, which also shows 28 deaths in the country. The list includes cruise ship cases, with 46 from the Diamond Princess and 21 from the Grand Princess.

The US has shifted into a new phase of its coronavirus response after efforts to stamp out sparks of an outbreak have failed. Authorities now are focusing on limiting damage.

For weeks, the biggest effect of the smattering of identified cases had been a mild sense of worry. That changed this week, with universities cancelling classes, patients popping up in offices and nursing homes, and local authorities limited some public gatherings.

Robert Redfield, director of the US Centers for Disease Control and Prevention, said Tuesday that America had lost valuable time tracking the virus; some regions now can merely try to cope with its spread rather than stop it.

Cathay crew member tests preliminary positive

A Cathay Pacific crew member who had travelled to Madrid tested preliminary positive for the coronavirus in Hong Kong, local broadcaster Cable TV reported, citing unidentified people. The 22-year-old female served a confirmed patient on a flight from Madrid to Hong Kong on March 8, according to Cable TV.

Hong Kong’s Centre for Health Protection is tracing the contacts of a case involving a female patient in Dongguan, Guangdong, who took a Cathay flight from Madrid to Hong Kong on March 8, according to a government statement late Tuesday.

White House to meet Google, Facebook

US Chief Technology Officer Michael Kratsios will host a meeting Wednesday with Google, Amazon.com Inc, Facebook Inc and other technology companies to coordinate responses to the outbreak.

Social media companies have been attempting to prevent the spread of misinformation, while companies such as Amazon have tried to manage panic selling of goods.

South Korea reports 242 new cases

South Korea reported 242 additional infections in the previous 24 hours. The increase took total cases in the country to 7,755, according to a statement from the health ministry.

China reports just 24 new infections

China reported only 24 additional cases on March 10, of which 13 came from Hubei province, the country’s National Health Commission said. All the latest 22 deaths were also in Hubei. China added 19 cases a day earlier.

The nation has 80,778 total confirmed coronavirus infections and the death toll stands at 3,158.

Canada to announce financial measures

Prime Minister Justin Trudeau is set to announce financial measures to help mitigate the effects of the widening outbreak.

Trudeau is scheduled to provide details at a 9am Wednesday press conference in Ottawa. The plan would include providing faster unemployment insurance benefits to people who self-isolate, more funding for coronavirus research and financial assistance to provinces for procurement of medical supplies, according to CTV News.

US eases rules as campuses closes: NYT

The US Department of Education is letting colleges and universities change course schedules to accommodate students who can’t meet enrollment requirements or complete internships, the New York Times reported.

The department has given broad approval to schools seeking relief from federal standards as they activate distance-learning programs, the newspaper said, citing a guidance document from the department.

Coachella organisers confirm festival is delayed

The Coachella Valley Music and Arts Festival organisers confirmed that the California mega-concert will be delayed for six months after local officials declared a state of emergency over coronavirus. The festival -- originally slated for April 10-12 and April 17-19 -- will now take place Oct 9-11 and Oct 16-18, according to Goldenvoice, which organises Coachella. Bloomberg reported on Monday that the event was being pushed back.
Newsletter

Related Articles

0:00
0:00
Close
UK and Vietnam Sign Landmark Migration Deal to Fast-Track Returns of Irregular Arrivals
UK Drug-Pricing Overhaul Essential for Life-Sciences Ambition, Says GSK Chief
Princesses Beatrice and Eugenie Temporarily Leave the UK Amid Their Parents’ Royal Fallout
UK Weighs Early End to Oil and Gas Windfall Tax as Reeves Seeks Investment Commitments
UK Retail Inflation Slows as Shop Prices Fall for First Time Since Spring
Next Raises Full-Year Profit Guidance After Strong Third-Quarter Performance
Reform UK’s Lee Anderson Admits to 'Gaming' Benefits System While Advocating Crackdown
United States and South Korea Conclude Major Trade Accord Worth $350 Billion
Hurricane Melissa Strikes Cuba After Devastating Jamaica With Record Winds
Vice President Vance to Headline Turning Point USA Campus Event at Ole Miss
U.S. Targets Maritime Narco-Routes While Border Pressure to Mexico Remains Limited
Bill Gates at 70: “I Have a Real Fear of Artificial Intelligence – and Also Regret”
Elon Musk Unveils Grokipedia: An AI-Driven Alternative to Wikipedia
Saudi Arabia Unveils Vision for First-Ever "Sky Stadium" Suspended Over Desert Floor
Amazon Announces 14 000 Corporate Job Cuts as AI Investment Accelerates
UK Shop Prices Fall for First Time Since March, Food Leads the Decline
London Stock Exchange Group ADR (LNSTY) Earns Zacks Rank #1 Upgrade on Rising Earnings Outlook
Soap legend Tony Adams, long-time star of Crossroads, dies at 84
Rachel Reeves Signals Tax Increases Ahead of November Budget Amid £20-50 Billion Fiscal Gap
NatWest Past Gains of 314% Spotlight Opportunity — But Some Key Risks Remain
UK Launches ‘Golden Age’ of Nuclear with £38 Billion Sizewell C Approval
UK Announces £1.08 Billion Budget for Offshore Wind Auction to Boost 2030 Capacity
UK Seeks Steel Alliance with EU and US to Counter China’s Over-Capacity
UK Struggles to Balance China as Both Strategic Threat and Valued Trading Partner
Argentina’s Markets Surge as Milei’s Party Secures Major Win
British Journalist Sami Hamdi Detained by U.S. Authorities After Visa Revocation Amid Israel-Gaza Commentary
King Charles Unveils UK’s First LGBT+ Armed Forces Memorial at National Memorial Arboretum
At ninety-two and re-elected: Paul Biya secures eighth term in Cameroon amid unrest
Racist Incidents Against UK Nurses Surge by 55%
UK Chancellor Rachel Reeves Cites Shared Concerns With Trump Administration as Foundation for Early US-UK Trade Deal
Essentra plc: A Closer Look at a UK ‘Penny Stock’ Opportunity Amid Market Weakness
U.S. and China Near Deal to Avert Rare-Earth Export Controls Ahead of Trump-Xi Summit
Justin time: Justin Herbert Shields Madison Beer with Impressive Reflex at Lakers Game
Russia’s President Putin Declares Burevestnik Nuclear Cruise Missile Ready for Deployment
Giuffre’s Memoir Alleges Maxwell Claimed Sexual Act with Clooney
House Republicans Move to Strip NYC Mayoral Front-Runner Zohran Mamdani of U.S. Citizenship
Record-High Spoiled Ballots Signal Voter Discontent in Ireland’s 2025 Presidential Election
Philippines’ Taal Volcano Erupts Overnight with 2.4 km Ash Plume
Albania’s Virtual AI 'Minister' Diella Set to 'Birth' Eighty-Three Digital Assistants for MPs
Tesla Unveils Vision for Optimus V3 as ‘Biggest Product of All Time’, Including Surgical Capabilities
Francis Ford Coppola Auctions Luxury Watches After Self-Financed Film Flop
Convicted Sex Offender Mistakenly Freed by UK Prison Service Arrested in London
United States and China Begin Constructive Trade Negotiations Ahead of Trump–Xi Summit
U.S. Treasury Sanctions Colombia’s President Gustavo Petro over Drug-Trafficking Allegations
Miss USA Crowns Nebraska’s Audrey Eckert Amid Leadership Overhaul
‘I Am Not Done’: Kamala Harris Signals Possible 2028 White House Run
NBA Faces Integrity Crisis After Mass Arrests in Gambling Scandal
Swift Heist at the Louvre Sees Eight French Crown Jewels Stolen in Under Seven Minutes
U.S. Halts Trade Talks with Canada After Ontario Ad Using Reagan Voice Triggers Diplomatic Fallout
Microsoft AI CEO: ‘We’re making an AI that you can trust your kids to use’ — but can Microsoft rebuild its own trust before fixing the industry’s?
×