- This daily round-up brings you a selection of the latest news and updates on the COVID-19 coronavirus pandemic, as well as tips and tools to help you stay informed and protected.
- Top stories: Spain passes 1 million confirmed cases; Europe's SMEs in trouble; US hospitalizations hit two-month high.
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1. How COVID-19 is affecting the globe
Confirmed cases of COVID-19 have now passed 41.2 million globally, according to the Johns Hopkins Coronavirus Resource Center. The number of confirmed deaths stands at over 1.13 million.
Most shops in the Czech Republic have been ordered to close, as another record daily tally was recorded.
Roche Holding and Atea Pharmaceuticals have teamed up on an antiviral oral treatment – called AT-527 – that could be a potential treatment for COVID-19 patients. The pill is in phase 2 clinical trials.
New confirmed cases of COVID-19 in Germany have risen by 10,000 in a day for the first time, according to the Robert Koch Institute for infectious diseases.
Coronavirus hospitalizations in the US have hit a two-month high, with 40,000 patients are being treated for the disease in hospital.
It comes as six US states report record daily increases in COVID-19 deaths, and new confirmed cases hit daily record levels in five states. “Folks, please stay home,” Wisconsin Governor Tony Evers said in a statement on Wednesday.
Residents in five Melbourne suburbs have been put on alert after a new coronavirus case in a school. Australia's second-largest city is emerging slowly from a lockdown.
Belgium could order a lockdown as early as next week, according to a spokesman. “Personally, I think it’s likely that we will have another lockdown at the end of the next week if the trends do not turn around between now and then,” the country's COVID-19 spokesman, Yves van Laethem, told the LN24 TV news channel.
Jordan has announced a record daily increase in confirmed cases – 2,648. Restrictions remain in place across the country, including a limit on the size of social gatherings and a night curfew.
Japanese research has shown that masks offer protection from airborne coronavirus particles, but even professional-grade coverings can’t eliminate contagion risk entirely.
What is the COVID Response Alliance for Social Entrepreneurship?
The COVID Response Alliance for Social Entrepreneurship is a coalition of 82 global leaders, hosted by the World Economic Forum and supported by GHR Foundation and Porticus. Its mission: Join hands in support of social entrepreneurs everywhere as vital first responders to the pandemic and as pioneers of a green, inclusive economic reality.
Its COVID Social Enterprise Action Agenda, outlines 25 concrete recommendations for key stakeholder groups, including funders and philanthropists, investors, government institutions, support organizations, and corporations. These corporations are called on to stand with social entrepreneurs within their supply chains and the broader ecosystem, fulfil their agreements and extend their support to build a more inclusive & resilient economy and to:
- Honour existing relationships by standing by existing supplier commitments and extending credit lines to social entrepreneur suppliers/partners
- Forge new partnerships by using a mix of different types of financial and non-financial support to both social entrepreneurs and their constituents
- Facilitate capital connections so that social entrepreneurs can re-emerge and rebuild after the pandemic
- Invest in capacity building through individual or multi-company pro-bono/low-bono programmes
- Deepen and widen corporate’s footprint by committing to sustainable sourcing practices and by building local “shock resilient” ecosystems
For more information see the full action agenda here.
2. Spain passes 1 million confirmed cases
Spain has become the first Western European country to pass 1 million confirmed COVID-19 infections, according health ministry data.
Its cases fell following its March-June lockdown, but have increased significantly since late August – to double in just six weeks. Cases hit a daily peak of 16,000 new infections last week. Deaths have remained lower than their late-March peak, but hospitalizations have increased 20% in the past two weeks.
The government has reimposed increasingly strict measures in an effort to slow the spread.
3. Over half of small European firms fear for survival
Fifty-five percent of small- and medium-sized firms (SMEs) surveyed in a McKinsey poll expect to shut down by September next year, if revenues remain at current levels.
The survey, conducted in August before recent surges in European cases, spoke to more than 2,000 companies in France, Germany, Italy, Spain and Britain.
SMEs, defined as those with 250 or fewer employees, employ more than 90 million people across Europe. But, one in 10 is expected to file for bankruptcy in the next six months.
“This is a substantial burden on the financial sector,” report co-author Zdravko Mladenov said.