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June 12, 2020
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Shares up in Europe … Aid groups ‘alarmed’ by little US coronavirus assistance … Study: Global poverty to rise


UNDATED (AP) – Shares rose in Europe today after a day of losses in Asia. In early trading, the CAC 40 in Paris jumped 1.2%, while Germany’s DAX added 0.7%. Britain’s FTSE 100 recovered from early losses to gain 1.1%. In Asia, Japan’s Nikkei closed 0.8% lower, South Korea’s Kospi lost 2% and Hong Kong’s Hang Seng shed 0.7%. The Shanghai Composite was little changed. But U.S. shares suggest a rebound today, with Dow futures up 2.1% and S%P futures up 1.7%.


JOHANNESBURG (AP) – More than two dozen international aid organizations have told the U.S. government they are “increasingly alarmed” that “little to no U.S. humanitarian assistance has reached those on the front lines” of the coronavirus pandemic as the number of new cases picks up speed in some of the world’s most fragile regions. The letter obtained by The Associated Press and signed by groups including Save the Children, Mercy Corps, World Vision and others says that “in spite of months of promising conversations with USAID field staff, few organizations have received an executed award for COVID-19 humanitarian assistance.” 


LONDON (AP) – New research concludes that global poverty is set to rise above 1 billion people once again as a result of the coronavirus pandemic. The research by King’s College London and the Australian National University points to poverty increasing dramatically in middle-income developing countries, where millions of people live just above the poverty line. Asian countries, such as Bangladesh, India, Indonesia, Pakistan and the Philippines, are especially vulnerable.


LONDON (AP) – Three airlines have launched legal action against the British government, describing the country’s plan to quarantine most incoming travelers as “flawed.” British Airways, easyJet and Ryanair say the quarantine will have a “devastating effect,” on tourism and the wider economy. The airlines want the government to re-adopt its previous quarantine policy, where quarantine is limited to passengers from “high risk” countries. Quarantine measures imposed this week stipulate that all passengers – bar a handful of exceptions like truckers or medical workers – must fill in a form detailing where they will self-isolate for two weeks.


LONDON (AP) -The British government is expected to water down plans for full border checks on goods coming from the European Union amid economic devastation caused by the coronavirus pandemic. The U.K. left the bloc Jan. 31 but remains part of its economic structures until the end of the year. After that, goods traveling between Britain and the EU will be subject to customs declarations and checks. But the Financial Times reports that Michael Gove, the minister in charge of Brexit preparations, will announce a more “pragmatic and flexible” approach to imports.



AP-WF-06-12-20 1051GMT