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  • Here are the latest developments in the coronavirus crisis: The eurozone registers a historic 12.1 percent collapse in the second quarter, according to Eurostat. France's economy slumps a record 13.8 percent over the period following a strict coronavirus lockdown that slammed consumer spending, the INSEE statistics agency says. Spain also records an 18.5 percent plunge in GDP, as a result of one of Europe's most stringent lockdowns which battered its key tourism industry. Portugal's economy plunges by 14.1 percent and Italy's an unprecedented 12.4 percent. Hong Kong's leader Carrie Lam says local elections planned for September will be postponed for a year because coronavirus cases have surged, a move that infuriates democracy supporters. Around half of Hong Kong's 3,100 COVID-19 cases have been detected in the past month and authorities fear hospitals are on the verge of being overwhelmed. Prime Minister Boris Johnson says Britain will "put the brakes on" easing lockdown rules for at least two weeks following a rise in coronavirus cases. The reopening of high-risk activities such as casinos, bowling alleys and skating rinks, which was meant to begin on Saturday, will be delayed until at least August 15, as will the reintroduction of indoor performances and pilot schemes of larger crowds at sporting events. The European Union says it has struck a deal on behalf of its 27 member states with French pharmaceutical giant Sanofi for 300 million doses of a potential coronavirus vaccine. Sanofi and GSK are also to receive up to $2.1 billion from the US government for the development of a COVID-19 vaccine, with 100 million doses going to the US. Japan has signed a deal to secure 120 million doses of a potential coronavirus vaccine being developed by German pharmaceutical group BioNTech and US pharma giant Pfizer. The World Health Organization (WHO) says that coronavirus pandemic effects will be felt for decades as its emergency committee assesses the situation six months after declaring a public health emergency of international concern -- it's top alert -- over the outbreak. "The pandemic is a once-in-a-century health crisis, the effects of which will be felt for decades to come," WHO chief Tedros Adhanom Ghebreyesus says as the meeting begins. The committee can propose new recommendations or amend existing ones. The pandemic has killed at least 673,909 people worldwide since it surfaced in China late last year, with more than 17.3 million people infected, according to an AFP tally at 1100 GMT on Friday based on official sources. The United States has the most deaths with 152,070, followed by Brazil with 91,263, Mexico 46,000, Britain with 45,999, and India which overtakes Italy in fifth place with 35,747. Dutch airline KLM says it will shed up to 5,000 jobs by the end of 2021 due to a "crisis of unprecedented magnitude" caused by the pandemic, despite a 3.4-billion-euro ($4.0-billion) Dutch government bailout. Swedish truck maker Scania also confirms plans to cut 5,000 jobs globally due to the economic impact of the novel coronavirus. burs-ot-jmy/har
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  • Coronavirus: latest global developments
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