AGL 40.00 No Change ▼ 0.00 (0%)
AIRLINK 132.66 Increased By ▲ 3.13 (2.42%)
BOP 6.89 Increased By ▲ 0.21 (3.14%)
CNERGY 4.57 Decreased By ▼ -0.06 (-1.3%)
DCL 8.92 Decreased By ▼ -0.02 (-0.22%)
DFML 42.75 Increased By ▲ 1.06 (2.54%)
DGKC 84.00 Increased By ▲ 0.23 (0.27%)
FCCL 32.90 Increased By ▲ 0.13 (0.4%)
FFBL 77.06 Increased By ▲ 1.59 (2.11%)
FFL 12.20 Increased By ▲ 0.73 (6.36%)
HUBC 110.01 Decreased By ▼ -0.54 (-0.49%)
HUMNL 14.40 Decreased By ▼ -0.16 (-1.1%)
KEL 5.53 Increased By ▲ 0.14 (2.6%)
KOSM 8.32 Decreased By ▼ -0.08 (-0.95%)
MLCF 39.67 Decreased By ▼ -0.12 (-0.3%)
NBP 65.50 Increased By ▲ 5.21 (8.64%)
OGDC 198.74 Decreased By ▼ -0.92 (-0.46%)
PAEL 26.00 Decreased By ▼ -0.65 (-2.44%)
PIBTL 7.62 Decreased By ▼ -0.04 (-0.52%)
PPL 159.00 Increased By ▲ 1.08 (0.68%)
PRL 26.24 Decreased By ▼ -0.49 (-1.83%)
PTC 18.35 Decreased By ▼ -0.11 (-0.6%)
SEARL 82.24 Decreased By ▼ -0.20 (-0.24%)
TELE 8.12 Decreased By ▼ -0.19 (-2.29%)
TOMCL 34.40 Decreased By ▼ -0.11 (-0.32%)
TPLP 8.98 Decreased By ▼ -0.08 (-0.88%)
TREET 16.88 Decreased By ▼ -0.59 (-3.38%)
TRG 59.49 Decreased By ▼ -1.83 (-2.98%)
UNITY 27.52 Increased By ▲ 0.09 (0.33%)
WTL 1.40 Increased By ▲ 0.02 (1.45%)
BR100 10,614 Increased By 206.9 (1.99%)
BR30 31,874 Increased By 160.5 (0.51%)
KSE100 98,972 Increased By 1644 (1.69%)
KSE30 30,784 Increased By 591.7 (1.96%)

Rising coronavirus infections forced Russia on Saturday to curtail its celebrations marking the end of World War II, as deaths from the pandemic surged past 275,000 worldwide and the global economy reeled from the disease and lockdowns.

Economic figures point to the most acute downturn in nearly a century - the United States being particularly hard hit with 20.5 million jobs lost in April.

The figure was the highest ever reported and represented the biggest percentage increase since the Great Depression of the 1930s.

Despite the dire news, President Donald Trump insisted next year would be "phenomenal" for the economy in a country where the virus has killed more than 75,000, telling reporters: "I think it's going to come back blazing."

He is determined to reopen the US economy even though the virus has reached the White House's inner circle, with confirmation that an aide of Vice President Mike Pence had tested positive.

Some European countries are already attempting to manage an easing of their lockdowns - German Chancellor Angela Merkel planning an almost complete return to normality within a month.

Italy and Denmark both plan to reopen some public buildings soon and Britain is expected to offer a roadmap out of lockdown on Sunday. The pandemic, which has already infected almost four million worldwide, continues to wreak havoc on cultural calendars with celebrations to mark the end of World War II in Europe being the latest to fall victim.

Across Europe, events marking 75 years since Nazi Germany's surrender were due to be held on Friday, but were cancelled or scaled down. Russia, which usually hosts grand military parades for the event a day later than the rest of Europe, finds itself at the centre of the pandemic crisis. A Red Square parade was postponed and President Vladimir Putin instead gave a speech at a war memorial outside the Kremlin walls on Saturday, making no mention of the coronavirus. "Our veterans fought for life, against death. And we will always be equal to their unity and endurance," Putin said, highlighting the sacrifices made by the Soviet Union in what Russians call the Great Patriotic War.

"We know and firmly believe that we are invincible when we stand together."

Russia is now the fifth hardest-hit country with nearly 200,000 confirmed infections and its caseload is rising rapidly with more than 10,000 new ones confirmed every day this week.

Elsewhere in the former Soviet Union, parades were held only in Turkmenistan and Belarus - where President Alexander Lukashenko said he had "no choice" as "the eyes of those Soviet soldiers who perished for our freedom are watching".

As many Americans and Russians faced up to an intense barrage of deaths and new cases, Brazil also emerged as a potential global concern.

The country is the centre of the outbreak in Latin America and announced a record number of deaths on Friday, with 751 deaths bringing its toll to almost 10,000.

With its car industry almost entirely shut down and other economic indicators in the red, a government minister warned this week that Brazil faces "economic collapse" if lockdowns continue.

Copyright Agence France-Presse, 2020

Comments

Comments are closed.