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High Committee for Fighting Covid-19 recommends new protective measures to stem the epidemic

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After registering two new confirmed coronavirus cases, Libya’s High Committee for Fighting coronavirus stressed a series of precautionary measures.

The committee called for providing a group of urgent recommendations to the Presidency Council, which focus on extending the curfew from 2 p.m. to 7 a.m, reducing the official working hours of the public institutions from 9 a.m. to 12p.m, as well as imposing a curfew between all the cities. Yet, it excluded all necessary activities.

The Committee also recommended that the Central Bank of Libya would develop an appropriate mechanism for dealing with its clients and provide the appropriate banking services in order to operate with minimum staffing and prevent large gatherings.

As far as the border guards are concerned, the committee emphasized the need to increase their maximum readiness, as well as to cooperate with the relevant authorities so that no one could enter the illegal border routes.

Brega Oil Marketing Company assures consumers fuel supplies are steady

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Yesteday, Brega Oil Marketing Company stated that the oil tanker “VALLE.DI NAVARRA” arrived at the oil port of Zawia loaded with a shipment of gasoline, estimated at 38 million liters, explaining that the tanker has already started to unload its cargo directly to the Al-Zawiyah oil warehouse

Brega Oil Marketing Company reaffirmed that there is no shortage of any fuel, assuring consumers that fuel supplies are continuing to flow without interruption. It also indicated that two other tankers are waiting to unload their cargo, one of which is loaded with 37 million liters of diesel fuel, while the other contains 40.5 million liters of gasoline fuel.

Libya’s Presidency Council extends the general country-wide curfew

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Libya’s Presidency Council of the Government of National Accord gave instructions to extend the general country-wide curfew starting from March 30.

In a statement released today, Libya’s internationally recognized government stressed that the curfew is from 2 p.m. until 4 a.m. amid Coronavirus fears, especially after recording two new confirmed cases.

The Presidency Council imposed city-to-city curfews as well, excluding the activities provided for in Article II of resolution No. 215, and determining the working hours of all the bodies from 9 a.m. to 12 p.m.

Health Ministry provides prepares intensive care units

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In a press conference, the Undersecretary of the Ministry of Health, Mohamed Haitham claimed that the ministry is preparing 500 beds for intensive care units.

 Mohamed Haitham stressed that the ministry will provide start a “mobile clinic” in order to conduct checkups and tests at home, in addition to providing devices for around 100 doctors to perform home examinations.

The Undersecretary of the Ministry of Health emphasized that the strategic stock of medical devices is excellent.

Latest on the stock market across the globe

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Today, stocks across the globe fell after a historic three-day run-up, as skittish investors kept indices on track for their worst monthly and quarterly performances since 2008, while the dollar fell by the most in any week since 2009.

Canada claimed that it will cover 75% of wages for small businesses and the central bank cut its key interest rate to the lowest level in a decade.

The European Central Bank chief urged EU leaders to act more decisively as the bloc feuds over how far to go to cushion the economic hit of the pandemic.

Investors rushed into cash and out of bonds at a record pace over the past week, BofA’s weekly fund flow data showed.

What we don’t yet know about the coronavirus

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It has been only three months since reports first emerged from China of an unknown virus causing unusual cases of pneumonia, and scientists and public health experts already know more about it and how it works than at the same point in earlier outbreaks. But there’s still a lot they don’t know.

As the new coronavirus continues to spread around the world, here are some of the most important questions researchers and doctors – as well as policymakers and economists – are still trying to answer:

When will the economy return to normal?

The International Monetary Fund expects the pandemic will cause a global recession in 2020 that could be worse than the one triggered by the 2008 financial crisis. The depth of a recession, how long it will last and the nature of the recovery are a matter of debate. Economists say it will largely depend on how long the lockdowns last – around a quarter of all humanity is currently in lockdown – and how far government support goes in helping individuals, businesses and markets survive the crisis.

Are the trillions of dollars in emergency spending helping?

Central bank measures have sought to keep financial markets functioning, including areas that keep the real economy humming, such as the markets where companies go to raise short term cash to pay staff and where cities go to raise money for roads and schools. Steps taken by governments, such as the $2 trillion U.S. stimulus package, are expected to further help the economy by putting cash in the hands of individuals and providing additional funding to small businesses and companies. Such measures still need to work through the system, however, and it remains unclear whether they will be enough.

Is it a good time to invest?

Some investors and bank strategists are starting to look at whether people should buy back into the world’s stock markets, which have plunged some 25% from their highs in February. U.S. hedge fund manager Bill Ackman said this week he had turned increasingly positive on stocks and credit and was “redeploying our capital in companies we love at bargain prices that are built to withstand this crisis.” But with all the uncertainties, many more analysts and investors remain shy about calling the bottom of the market.

$6 million in humanitarian assistance to Libya

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The US will provide $6 million in additional humanitarian assistance to Libya in response to the COVID-19 pandemic, the US Embassy to Libya announced today.

These funds will help health officials to prevent the spread of the disease and to respond to those in need who’ve contracted the disease or who are most vulnerable to contracting the disease.

“Our engagement in the coronavirus response illustrates America’s long-standing humanitarian concern for those in distress.” the US Embassy to Libya stated.

This newly announced assistance joins decades of U.S. investments in Libya’s health sector and overall development, implemented primarily through USAID. The U.S. has invested more than $715 million in total assistance for Libya over the past 20 years

Europe death toll surges past 20,000

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The coronavirus pandemic has killed more than 20,000 people in Europe, according to a tally of official figures gathered by AFP.

Europe is now the most affected continent with 20,059 deaths from a total of 337,632 cases. The COVID-19 disease has killed 9,134 in Italy and 5,690 in Spain — the two hardest-hit countries in the world, accounting for three quarters of all deaths in Europe.

The outbreak also devastated Iran, which has the third highest death toll outside China and the fourth highest in the world. The virus has killed at least 2,077 people in Iran, while more than 27,000 cases have been confirmed in the country, as of Wednesday. Iran also has the highest number of recoveries outside China, with more than 9,600 having recovered from infection.

New coronavirus cases confirmed in Libya

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 Two new cases of the coronavirus have been confirmed in Libya, authorities announced today, after the first was detected earlier this week, with international aid agencies warning of a disaster if it spreads.

The two cases were discovered in Tripoli and Misrata, the National Centre for Disease Control said, without giving any further details. The first, confirmed on Monday, was a man who had recently returned to Libya from overseas.

Latest on the spread of the coronavirus around the world

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The U.S. House of Representatives approved a $2.2 trillion aid to help cope with the economic downturn inflicted by the intensifying coronavirus pandemic, and President Donald Trump quickly signed it into law.

More than 551,800 people have been infected globally and nearly 24,900 have died.

EUROPE

Italy recorded about 1000 deaths from coronavirus, the highest daily toll anywhere in the world, while the number of confirmed cases eclipsed the total in China.

The number of confirmed cases in Germany has risen to 48,582 and 325 people have died of the disease, statistics from the Robert Koch Institute for infectious diseases showed on Saturday.

The British Prime Minister Boris Johnson and his health minister tested positive for the coronavirus and said they were self-isolating.

Latest data from Spain’s health ministry show the death toll stabilizing.

French health authorities reported 299 new deaths from coronavirus on Thursday, taking the total to 1,995.

As far as Switzerland is concerned, its government has allowed regional authorities to shut down or restrict economic sectors temporarily if needed.

AMERICAS

Confirmed coronavirus cases in the United States reached 100,040 yesterday, the highest number in the world,

New York plans to build eight temporary hospitals to meet an expected surge in coronavirus patients.

ASIA AND THE PACIFIC

China’s authorities plan stronger steps to revive the economy, as the nation on Saturday reported no new locally transmitted infections for the previous day.

Chinese President Xi Jinping told Trump on Friday that he would have China’s support in fighting the coronavirus.

Tokyo has confirmed more than 50 new coronavirus infections, a record daily increase, public broadcaster NHK reported on Saturday as the governor of Japan’s capital urged citizens to stay indoors.

Australia stepped up enforcement of social distancing rules on Saturday, implementing fines, closing beaches and threatening stricter measures if people defy pleas to stay at home.

MIDDLE EAST AND AFRICA

Turkey halted all intercity trains and limited domestic flights on Saturday, as the number of coronavirus cases jumped by a third in a day to 5,698, with 92 dead.

Iraqi doctors say the country may be singularly unprepared for the coronavirus, with the number of cases at 450 and deaths at 40.

Iran started an intercity travel ban, as its death toll rose to 2,378 on Friday.