Supporters there backing his call to lift restrictions despite an increasing number of cases. And a sigh of relief for the u. S. Economy as carmakers send their employees back to work. The worlds 3rd largest economy has slipped into recession japan has been hit hard by the coronavirus pandemic its economy shrank for the 2nd consecutive quarter by just under one percent in the 1st 3 months of this year Prime Minister shinzo abhi had announced a massive Relief Program last month to keep the economy on track japan has recorded more than 16000 cases of the virus and close to 750 deaths Robert Wright is in seoul he says the stimulus announced by the japanese government may not be enough to revive the economy. Weve had now 2 quarters where the economy has contract and so it is in a recession but this started at the end of last year in the last quarter this is well before anybody had even heard of coded 19 japan had already been hit by a rise in a culture of virtual sales tax from 8 percent t
Beijing get when you dont pay our. Was this man really responsible for a one trillion dollar loss on wall street or was he a convenient scapegoat for taking on big investors. And the story of the world over Migrant Workers stranded in thailand without jobs and no money for rent or food. The worlds 20 largest economies agreed to give 76. 00 of the poorest a Debt Repayment holiday but china has yet to publicly offer any support at a time many nations need the extra financial headroom to tackle the coronavirus pandemic beijing has been rapidly rolling out its belt and road initiatives to build infrastructure and increase its influence in mostly developing nations its large as has come a huge cost for many of the 138. 00 nations that have signed up to the program you may remember sri lanka couldnt keep up with payments on the ports and eventually had to hand over the facility on a 100 year lease many nations have been rethinking their involvement amid accusations china was over pricing roa
A tough new stand over israeli plans to annex nearly a 3rd of the occupied west bank and sworn in again taiwans president is back for a 2nd term after a landslide victory thats upset beijing. Welcome to the program nearly 4900000 people infected in a matter of months now an investigation is to be held into how the world has responded to corona virus the World Health Organizations 194 Member States of voted unanimously for an independent and impartial inquiry including an examination of the w h os roll calls for an investigation were led by australia and the european union. And ways. Dubliner jordi remains fully committed to transparency accountability and Continuous Improvement we want accountability more than any one u. S. President will trump has previously accused the w. H. O. Of being too close to china he still threatening to permanently cut funding and break ties with the organization our White House Correspondent Kimberly Helga turns more on the u. S. Response to the decision. T
Really germane this morning. I love how the french call it a move to the confinement confinement. In america, yesterday afternoon, there was a real understanding of confinement at the white house. Dr. Fauci worrying about origin, and also the Vice President of the United States worried as well. That was sobering on mothers day. Francine it certainly was. Lets get straight to first word news in new york city with ritika gupta. Take a coPresident Trump ritika President Trump has a tough job this week, trying to convince americans it is safe to go back to work and socialize. At the same time, he is fighting a coronavirus scare that closed his own office. On friday, Vice President mike pences press secretary was diagnosed with the virus. Neel kashkari says americans should brace for more bad news on unemployment, and he says congress should provide more help. News emmaalled abc saying fiscal efforts will need to be put in place. And the plan for lifting the countrys lockdown. Expected to r
With the pandemic and the shelter at home or shelter in place order. I keep wondering, and i will start with you mike, what kind of things do you think will be permanent that will never change back after this is over . Have you thought of one thing . Well, you know what . I think the whole Restaurant Industry will change. The layout, i think that is one. I got in the mail today and i have not seen the changes firsthand but when it comes to flying, airlines and i got an email from united that says when you fly again, whenever that may be, we are not using the middle seat and we will start at the back of the plane and the boarding process will not be 20 minutes, it will take about 40 minutes. I think those, especially when in the air and in the tight space, i think the Airline Industry will change. I agree with you 100 . I know so many people who had trips booked in the summer and wondering on a refund or credit and they say look its need hundred dollars and i need the cash. Something i