News Headlines - 07 April 2020

Japan gambles on partial lockdown to control coronavirus | Financial Times

Japan is gambling that it can control the spread of coronavirus without a full lockdown as Shinzo Abe declared a “state of emergency” on Tuesday.
The prime minister’s declaration will give governors in seven prefectures the power to request business closures to increase social distancing. It follows a rise in the number of coronavirus cases in Japan to more than 4,000 nationwide.
But the closures are not compulsory and many shops, restaurants and factories will be allowed to stay open to keep the economy ticking over, raising questions about how effective the new measures will be.

Tokyo hospital trainees test positive for coronavirus after party - Reuters

One of Japan’s most prestigious hospitals apologised for an “unforgivable blunder” after 40 trainee doctors attended a drinking party and 18 subsequently tested positive for the coronavirus.
Keio University Hospital said one trainee doctor tested positive for the virus last week and that tests on another 98 found 17 more were also positive.
The hospital confirmed that 40 trainees had attended the party after work, and 14 of those present had tested positive for the virus.

Man shot dead for flouting coronavirus rules | DW

A 63-year-old man has been shot dead by police in the Philippines after he became enraged for being told to wear a facemask, marking the first reported case of authorities shooting a civilian for breaching coronavirus restrictions.
The man was believed to have been drunk when he threatened village authorities with a scythe - a sharp blade - in the southern town of Nasipit in Agusan del Norte province, police said on Saturday.

Argentina plans payment freeze on up to $10 billion in local-law dollar debt - Reuters

Argentina plans to postpone payments on up to $10 billion of dollar debt that was issued under local law until the end of the year, the government said in a decree late on Sunday, in a bid to relieve pressure over looming foreign currency payments.
The decree of necessity and urgency (DNU), sent to Reuters, would not affect the just under $70 billion in foreign currency debt issued under international law that Argentina is currently in talks to restructure with creditors.
Argentina’s government has previously said it is looking to restructure $83 billion in foreign currency debt under both international and local law as it looks to avert a sovereign default that would hit its access to global markets.

The $200 Million the Olympics Postponement Took From Team U.S.A. - The New York Times

The anxiety is growing because the postponement has left the United States Olympic & Paralympic Committee with a $200 million cash crunch that could leave athletes without the modest living and training stipends they rely on. The deficit comes while the committee simultaneously makes a push for the 2021 Summer Games and the 2022 Winter Games in Beijing.
The organizations that run the individual Olympic sports in the United States, known as national governing bodies, were already trying to figure out how they will manage without income they were set to receive from thousands of events that have been canceled because of the pandemic.







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