Italy likely to extend state of emergency due to coronavirus crisis - PM
ROME, July 10: Italy will likely extend a state of emergency beyond its current deadline of July 31 due to the new coronavirus crisis, Italian Prime Minister Giuseppe Conte said on Friday.
BERLIN, August 9: German exports soared past pre-pandemic levels in June for the first time since the coronavirus crisis wreaked havoc on trade, official data showed Monday, as the industry shrugged off supply chain shortages.
The pandemic has severely disrupted global supply chains, leading to shortage in raw materials or components including timber, plastics and steel.
Germany's crucial car industry has also been hit by a global computer chip crunch caused by a surge in demand for home electronics as employees are asked to work from home to cut infection risks.
But Europe's biggest economy exported 118.7 billion euros ($140 billion) of goods in June, 1.1 percent more than in February 2020 -- before the health emergency snared Germany.
The indicator rose for the 14th month in a row, and was 1.3 percent higher compared to May, after seasonal variations and calendar effects were taken into account.
"Today's strong data illustrates that supply chain frictions have not yet affected German exports," said analyst Carsten Brzeski of ING.
But he warned that this could change in coming months.
"While order books are still richly filled, supply chain frictions, particularly the lack of microchips, could lead to more delivery problems in key sectors like the automotive industry and therefore to some distortions of export data in the coming months," he said.
Imports also saw a slight gain of 0.6 percent compared to a month ago to 102.4 billion euros.
Demand from the European Union for German goods was up 26.1 percent compared to a year ago, while that from other countries rose 20.7 percent.
China, a key market for Germany, imported 16 percent more than a year ago.
INDIA, April 26: India's new coronavirus infections hit a record peak for a fifth day on Monday as countries including Britain, Germany and the United States pledged to send urgent medical aid to fight the crisis overwhelming its hospitals.
The shooting of World War II fantasy horror movie "Warhunt", featuring Hollywood star Mickey Rourke, is complete after the film continued the shooting during the coronavirus crisis
MUMBAI/AHMEDABAD, India, April 23: Parts of India have recorded dramatic falls in the number of deaths at a time when funeral parlors were bracing for a surge amid the coronavirus crisis.
MADRID, March 27: Barcelona are taking measures to cut the wages of their players and staff to reduce the economic effects of the coronavirus crisis, the La Liga club said on Thursday.
Elton John is hosting a “living room” concert aimed at bolstering American spirits during the coronavirus crisis and saluting those countering it, iHeartMedia and Fox said Wednesday.
British Academy of Film and Television Arts (BAFTA) has officially postponed its annual television awards and television craft awards due to the ongoing coronavirus crisis.
