Record economic slumps hit Europe in face of resurgent virus

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پاکستان تازہ ترین خبریں,پاکستان عنوانات

Nation after nation across Europe on Friday unveiled the extent of historic economic devastation as resurgent coronavirus cases forced agonising new trade-offs

between lives and financial health. Six months after the World Health Organization declared a global emergency, the novel coronavirus has infected more than 17 million people and wreaked global economic mayhem.

Airline conglomerate IAG, the owner of British Airways, on Friday posted a first-half net loss of 3.8 billion euros , UK bank NatWest slid into the red while Dutch airline KLM and truck makers Scania said they were each shedding 5,000 jobs.Britain on Friday enforced new lockdown rules in Manchester and nearby parts of northern England in an ill-timed announcement on the eve of the Muslim Eid-al-Adha festival.

The sacred hajj pilgrimage in Saudi Arabia has been held with some 10,000 Muslim faithful allowed, instead of the roughly 2.5 million that attended last year. Amid the race to find a medical solution, Japan has signed a deal to secure 120 million doses of a potential coronavirus vaccine, said German pharmaceutical group BioNTech, which is developing the drug with US pharma giant Pfizer.

Global daily cases are now approaching the 300,000 mark, with the curve showing no sign of flattening -- it took just 100 hours for one million new cases to be recorded.

 

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پاکستان تازہ ترین خبریں, پاکستان عنوانات

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