virus

Virus Spurs Emerging Market Investors to Seek Returns in ESG

(Bloomberg) — Emerging-market investors may have identified the rare animal that offers a path to sustainable post-pandemic returns. Now they just need to find it.

The worst crisis since World War II is prompting some fund managers to rethink their strategies in a world with $13 trillion of sub-zero yielding debt and an increasing view that a V-shaped recovery is unlikely. Seeking opportunities in ESG, investments in countries and companies that are improving environmental, social and governance standards, are becoming crucial more than ever as investors navigate the pandemic-stoked market volatility.

“This is a crisis unlike anything we’ve seen and we cannot just go back to our old textbooks anymore that say ‘go buy the dip’,” said Thu Ha Chow, a money manager at Loomis Sayles Investment Asia Pte, who has been investing since Enron’s collapse. “The social and governance elements are going to be more important, but they can

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Google, Amazon Funnel Money to Virus Conspiracy Sites: Study

(Bloomberg) — Digital advertising platforms run by Google, Amazon.com Inc. and other tech companies will funnel at least $25 million to websites spreading misinformation about Covid-19 this year, according to a study released Wednesday.

Google’s platforms will provide $19 million, or $3 out of every $4 that the misinformation sites get in ad revenue. OpenX, a smaller digital ad distributor, handles about 10% of the money, while Amazon’s technology delivers roughly $1.7 million, or 7%, of the digital marketing spending these sites will receive, according to a research group called the Global Disinformation Index.

GDI made the estimates in a study that analyzed ads running between January and June on 480 English language websites identified as publishers of virus misinformation. Some of the ads were for brands including cosmetics giant L’Oreal SA, furniture website Wayfair Inc. and imaging technology company Canon Inc. The data exclude social-media and online-video services, so

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Trump Hits CDC School Rules; N.J. Requires Masks: Virus Update

(Bloomberg) — U.S. President Donald Trump, in a tweet, called the Centers for Disease Control and Prevention guidelines for reopening schools too “tough and expensive,” and said he would meet with the agency to review them. In New York City, Mayor Bill de Blasio said he anticipates a “blended” program when schools reopen, with students in class two-to-three days a week.

New Jersey’s governor, meanwhile, said he will require the public to wear masks in outdoor crowds. And Brooks Brothers Group Inc. filed for bankruptcy, becoming the latest veteran retailer to succumb to the pandemic’s impact on clothing sales.

Britain’s finance minister unveiled a plan to save jobs, and cut taxes on property and dining out to stimulate spending. France’s new prime minister said he would back targeted restrictions to preserve the economy if the country has a second wave of infections. Violence flared in Serbia, with Belgrade facing lockdown … Read More

McConnell eyes virus aid as evictions, benefits cuts loom

WASHINGTON (AP) — An eviction moratorium is lifting. Extra unemployment benefits are ending. Parents are being called to work, but schools are struggling to reopen for fall as the COVID-19 crisis shows no signs of easing.

With Congress bracing for the next coronavirus aid package, Senate Majority Leader Mitch McConnell is outlining Republican priorities as earlier programs designed to ease Americans through the pandemic and economic fallout begin to expire. He is eyeing $1 trillion in new aid.

“This is not over,” McConnell said during a visit to a food pantry Monday in Louisville, Kentucky.

The GOP leader’s next virus aid package is centered on liability protections, a top priority for Republicans seeking to shield doctors, schools, businesses and others from coronavirus-related lawsuits brought by patrons claiming injuries during reopenings.

McConnell is also considering a fresh round of direct payments targeted at those earning $40,000 a year or less. He

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Europe Sees Deeper Slump; Melbourne Locks Down: Virus Update

(Bloomberg) — European officials expect a deeper economic slump than previously estimated this year, while German industrial production rose less than forecast in May, underscoring the challenge faced by the continent after months-long shutdowns.

Melbourne will be locked down for six weeks after new cases in the Australian state of Victoria jumped by 191, the biggest daily increase since the outbreak began. In contrast, Beijing reported no new infections for the first time in nearly a month.

The pace of new infections from Tokyo to Iran and Australia is raising concerns about another virus wave. U.S. cases are approaching 3 million, while deaths in India have risen above 20,000. Any vaccine would likely be limited in how long it can shield against infection, the top U.S. infectious disease expert Anthony Fauci warned.

Key Developments:

Global Tracker: Cases top 11.5 million; deaths exceed 537,000Beijing reported no cases. Here’s how the city

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Virus, Floyd death merge in brutal blow to Black well-being

Doctors have known it for a long time, well before the resounding cries of “Black Lives Matter”: Black people suffer disproportionately.

They face countless challenges to good health, among them food, transportation and income. The stress of living with racism has very real, physical effects. And they are especially prone to diabetes, hypertension and other chronic diseases that can be tricky to manage even in normal times.

Then came COVID-19 and George Floyd — one killing Black people in alarming numbers, the other shining a harsh light on systemic racism. In a matter of months and nearly 8 minutes, it became clear that institutions designed to ensure the two most important things in life — health and safety — had converged to turn against one segment of the population in stark, horrific ways.

It’s a brutal blow to Black people’s well-being and renewed calls for racial justice in all realms

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Virus Surges in Arizona, but the Rodeo Goes on

Testing for the coronavirus at a drive-thru testing site in Phoenix, Ariz., on Saturday, June 27, 2020. (Adriana Zehbrauskas/The New York Times)
Testing for the coronavirus at a drive-thru testing site in Phoenix, Ariz., on Saturday, June 27, 2020. (Adriana Zehbrauskas/The New York Times)

PHOENIX — As infections surged through Arizona’s desert landscape this week, word spread that the Round Valley Rodeo, a century-old tradition luring calf ropers, youth riders and big crowds to the mountain town of Springerville, might be called off. The fate of the Fourth of July parade in the nearby hamlet of Eagar seemed in doubt, too, as Gov. Doug Ducey prepared to issue new pandemic guidance.

But Ducey stopped short of ordering a halt to such events, and as of Friday, he had not required Arizonans to wear face coverings in public spaces, as Texas did Thursday. The rodeo and parade will march ahead Saturday as planned, even as infections in the state spiral.

Such is the way fiercely independent Arizona has handled the virus from the

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Canada’s models show virus slowing but could surge at any time, PM won’t open border soon

Yahoo News Canada is committed to providing our readers with the most accurate and recent information on all things coronavirus. We know things change quickly, including some possible information in this story. For the latest on COVID-19, we encourage our readers to consult online resources like Canada’s public health website, World Health Organization, as well as our own Yahoo Canada homepage.

As cases of COVID-19 continue to spread around the world, Canadians seem to be increasingly concerned about their health and safety

Currently, there are more than 102,000 confirmed coronavirus cases in Canada and more than 8,500 deaths.

Check back for the latest updates on the coronavirus outbreak in Canada.

For a full archive of the first month of the pandemic, please check our archive of events.

June 29

1:25 p.m.: Canada’s top doctor stresses the importance of contact tracing as COVID-19 continues to pop up in

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Global virus infections top 10 million

Global infections from the novel coronavirus have topped 10 million as the rate of new cases surges, particularly in the United States and Latin America, according to an AFP tally on Sunday.

One million new infections were recorded in only six days, according to the count based on official sources, just as countries start to unwind punishing lockdowns that have devastated their economies and thrown millions out of work.

The worldwide death toll from the disease that first emerged in China six months ago is also nearing 500,000 as fears grow of a full-blown second wave, with the rate of contagion doubling since May 21.

The United States, the hardest hit country, has surpassed 2.5 million cases alone, as efforts to reopen the world’s economic powerhouse were set back by a jump in new infections in big states such as Florida.

President Donald Trump was under mounting pressure to set

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Stocks make modest recovery despite virus worries

New York (AFP) – European and Wall Street stocks advanced Thursday, partially recovering losses from the prior session’s pullback despite surging coronavirus cases in several US states and a warning from the WHO about an uptick in cases in parts of Europe.

Oil also recovered some of Wednesday’s five percent tumble.

There were hefty losses in New York and across Europe on Wednesday on heightened fears of a second wave of the deadly COVID-19 outbreak.

“Stock markets have edged up today after Wednesday’s falls, but there is still a lingering sense of caution over the signs of rising infection rates in the US,” said Chris Beauchamp, chief market analyst at online trading firm IG.

European markets held onto their gains until the close, while Wall Street engineered a strong finale to a roller-coaster session.

All three major US indices finished up by more than one percent, with large banks rallying

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