• Dow Jones Futures: Coronavirus Stock Market Rally Powers Ahead On FANG Stocks Facebook, Netflix; Tesla Deliveries In Focus
    Investor's Business Daily

    Dow Jones Futures: Coronavirus Stock Market Rally Powers Ahead On FANG Stocks Facebook, Netflix; Tesla Deliveries In Focus

    Facebook, Netflix and other FANG stocks led Wednesday's market rally, with the Nasdaq hitting a record high. Tesla kept rising ahead of Q2 delivery figures.

  • The extra $600 Americans receive in unemployment benefits ends this month — here’s what else is on the table
    MarketWatch

    The extra $600 Americans receive in unemployment benefits ends this month — here’s what else is on the table

    The Trump administration and leading Republicans say extending these benefits would be akin to paying Americans not to work.

  • GlobeNewswire

    Amid the COVID-19 crisis and the looming economic recession, the Foam Tray market worldwide will grow by a projected US$393.4 Million, during the analysis period

    New York, July 02, 2020 -- Reportlinker.com announces the release of the report "Global Foam Tray Industry" - https://www.reportlinker.com/p05899515/?utm_source=GNW 9 Billion.

  • ‘You feel like you’re being social — and responsible’: Meet the people who are turning garages into mini-bars
    MarketWatch

    ‘You feel like you’re being social — and responsible’: Meet the people who are turning garages into mini-bars

    Many Americans are enhancing their homes to get a break from the monotony of a summer with fewer options for fun.

  • Xinhua Silk Road: S. China's Guilin hosts events to celebrate Cultural and Natural Heritage Day
    PR Newswire

    Xinhua Silk Road: S. China's Guilin hosts events to celebrate Cultural and Natural Heritage Day

    Guilin, one of leading tourist locations in China, has recently hosted a series of events to celebrate the Cultural and Natural Heritage Day, which falls on June 13 this year.

  • Thomson Reuters StreetEvents

    Edited Transcript of TRUE.BK earnings conference call or presentation 19-May-20 10:59am GMT

    Q1 2020 True Corporation PCL Earnings Presentation

  • Thomson Reuters StreetEvents

    Edited Transcript of TV.TO earnings conference call or presentation 14-May-20 5:00pm GMT

    Q1 2020 Trevali Mining Corp Earnings Call

  • Thomson Reuters StreetEvents

    Edited Transcript of 4755.T earnings conference call or presentation 13-May-20 6:15am GMT

    Q1 2020 Rakuten Inc Earnings Presentation

  • U.S. Cases Top 50,000; China Stamps Out Flareup: Virus Update
    Bloomberg

    U.S. Cases Top 50,000; China Stamps Out Flareup: Virus Update

    (Bloomberg) -- U.S. daily coronavirus cases topped 50,000 for the first time ever with reopenings halted in areas including New York City and California. China recorded just one new case in Beijing as the nation appears to have brought the latest flareup under control.U.S. cases continue to hit records amid increases in big states including Florida, Texas and California, while reopenings were pulled back and more local governments instituted mask requirements. In an interview with Fox Business Network, President Donald Trump said he’d wear a mask if he were “in a tight situation with people” but that he’s not convinced they should be required even as cases spike.Japan found more than 100 new cases in Tokyo, exceeding that number for the first time since May 2 when the city was still in the midst of its state of emergency, NHK reported. Infections in Pakistan swelled by more than 4,000 over the past 24 hours, its Health Ministry said. Mexico’s deaths reached 28,510, overtaking Spain to have the world’s sixth deadliest outbreak.Key Developments:Global Tracker: Global cases pass 10.6 million; Deaths top 515,000Life, liberty and face masks: a virus preys on AmericaRetail apocalypse gets darker for U.K. landlords Understanding the virus and its unanswered questionsAustralia opens borders for international studentsHow a Chinese firm jumped to the front in vaccine raceSubscribe to a daily update on the virus from Bloomberg’s Prognosis team here. Click VRUS on the terminal for news and data on the coronavirus.Thailand Reports 6 More Cases, Total 3,179 (12:38 a.m. HK)Thailand confirms six new coronavirus cases Thursday, all found in state quarantine after returning from Indonesia, South Africa and Sudan, according to Panprapa Yongtrakul, a spokeswoman for the Covid-19 center.Australians Drain Their Pension Accounts (12:17 p.m. HK)About 480,000 mostly younger Australian workers have drained their retirement savings accounts after the government allowed early access to alleviate financial hardship during the coronavirus outbreak, according to an industry group.An estimated 395,000 people aged under 35 have eroded their retirement accounts, Industry Super Australia said on Thursday. The move could leave more people reliant on the government pension later in life, ISA says. Manhattan Home Sales Fall Most on Record (12:04 p.m. HK)Manhattan home sales plunged the most on record in the second quarter as New York was shut down to prevent the spread of Covid-19.Purchases of co-ops and condos in the borough tumbled 54% from a year earlier to 1,357, according to a report Thursday by appraiser Miller Samuel Inc.and brokerage Douglas Elliman Real Estate. It was the biggest annual decline since the firms started keeping the data in 1990.Japan Finds More Than 100 Cases in Tokyo (11:44 a.m. HK)Tokyo found more than 100 new cases of coronavirus on Thursday, exceeding that number for the first time since May 2, NHK reported, citing unidentified people.Thai Glove Maker Surges after $480 Million IPO (11:41 a.m. HK)Sri Trang Gloves (Thailand) Pcl, the nation’s largest glove maker, gained as much as 77% in the Thai stock exchange’s first listing since the novel coronavirus outbreak.The medical-standard glove maker is expected to see a five-fold increase in profit this year as novel coronavirus boosts demand for its products, Jaroonpan Wattanawong, an analyst at Maybank Kim Eng Securities (Thailand) Pcl, wrote in note Wednesday.U.S. Cases Top 50,000 for First Time Ever (11:05 a.m. HK)U.S. daily cases rose above 50,000 for the first time ever on the first day of July, according to data from Johns Hopkins University and Bloomberg News.New cases rose by 51,374 on Wednesday. They rose 1.95% from Tuesday, the fastest rate since mid-May.Taiwan Mulls Easing Border Controls Gradually (11:01 a.m. HK)The government will gradually lift border controls without compromising virus containment efforts, depending on Covid-19 situation globally and domestically, Mainland Affairs Council says on its website. Decision will be announced in a timely manner.Washington Frats Record Widespread Infections (10:57 a.m. HK)At least 80 students living in a dozen fraternity houses at the University of Washington campus tested positive, with hundreds of results pending, the Seattle Times reported.Three fraternity residents had symptoms of COVID-19, and public health officials noticed a spike in cases from the area among people ages 18 to 20, said university spokeswoman Michelle Ma, according to the newspaper.U.S. House Extends Small Business Loan Plan (10:08 a.m. HK)The House gave congressional approval Wednesday to extending the popular Paycheck Protection Program for small businesses until Aug. 8, hours after the deadline for applications lapsed with more than $130 billion still available.The Senate passed the extension Tuesday, shortly before the Small Business Administration was to stop accepting new loan applications at 11:59 p.m. Both chambers used expedited procedures to send the bill to President Donald Trump, who was expected to sign it, according to a person familiar with the matter.Australia’s Victoria Records 77 Cases (9:28 a.m. HK)Victoria on Thursday said it had 77 new infections in the previous 24 hours, while most other states and territories have recorded few, if any, community transmissions for weeks.The new infections means that Victoria has 415 active cases that its aware of, which state Chief Heath Officer Brett Sutton said on Thursday “means there are other infections still to be found out there and they’re all at risk of transmitting to others.”South Korea Confirms 54 Coronavirus Cases (9:16 a.m. HK)South Korea found 54 more confirmed Covid-19 cases in 24 hours, raising the total tally to 12,904, according to data from Korea Centers for Disease Control & Prevention.Of the new cases 44 were locally infected, while 10 were imported. The death toll remained unchanged at 282.China Reports 3 Coronavirus Cases, 2 Imported (8:54 a.m. HK)China reported three new cases, including one in Beijing and two imported cases in Shanghai and Guangdong, according to a statement from China’s National Health Commission.On Wednesday, the nation reported three local cases in Beijing, down from seven the day before. China has reported 83,537 confirmed coronavirus cases, and the total death toll now stands at 4,634.Hotel Quarantine Lapses Probed in Australia (8:35 a.m. HK)Australian police are probing alleged security lapses at Melbourne hotels used to quarantine overseas arrivals, including claims guards slept with guests.Health authorities are investigating whether the breaches have contributed to a resurgence of coronavirus in the nation’s second-largest city.Australian Health Minister Greg Hunt said on Thursday he supported a judicial review into “strong claims of inappropriate behavior” by guards employed by security companies contracted by Victoria’s state government.Mexico Now Has Sixth Deadliest Outbreak (8:33 a.m. HK)Mexico’s Covid-19 deaths rose by 741 to reach 28,510, leading the country to overtake Spain and have the world’s sixth deadliest outbreak, according to data released by the Health Ministry Wednesday night.Confirmed cases rose by 5,681 to 231,770. Deaths and cases in Mexico have increased steadily in recent weeks as Latin America has emerged as a hot spot for the pandemic. The country is also likely to soon overtake France, which has 29,864 deaths, according to data from Johns Hopkins University.JetBlue Guarantees No Furloughs in Pilot Accord (7:53 a.m. HK)JetBlue Airways Corp. agreed not to furlough any pilots involuntarily until May 1 in exchange for unspecified contract concessions designed to help the carrier cut expenses.The deal doesn’t include changes to pay rates or significant modifications in work rules, the JetBlue unit of the Air Line Pilots Association said Wednesday in a letter to members. The union said it couldn’t yet disclose short-term changes in portions of its contract from October through April, which will return to normal earlier “if demand for flying recovers.”Top Copper Producer Scales Back as Workers Fall Ill (7:38 a.m. HK)BHP Group announced plans to scale back one of its copper mines in Chile, while unions in the country push for safer conditions as more workers fall ill. In the first mining cutback since Covid-19 infections began to explode in Chile six weeks ago, BHP said its Cerro Colorado operation will “significantly” reduce activities and trim its workforce.Cerro Colorado is small and has a short mine life, but the decision stokes concerns over whether the top copper-producing nation can maintain output at high levels as the virus spreads.Brazil Delays Municipal Election By a Month (7:13 a.m. HK)Brazil delayed this year’s municipal elections by a month as the country struggles to control the coronavirus pandemic.Brazil’s lower house of congress approved on Wednesday a constitutional amendment to postpone the first round of the election, initially scheduled to October, to November 15. Run-off votes will take place on November 29th. The proposal, which had already been approved by the Senate, is ready to be signed into law by the president of Congress.Delivery staff at Brazil’s biggest mobile app providers staged a one-day nationwide walkout Wednesday to demand better working conditions and highlight the country’s increased dependence on the informal labor market. Demands by staffers for apps such as Uber Eats, Rappi, Loggi, and iFood include increased pay per delivery, benefits such as life insurance and coverage for on-the-job injuries, personal protective equipment during the pandemic, and meal vouchers.Trump Says Masks ‘Good’ But Questions Mandates (6:46 a.m. HK)President Donald Trump said he’d wear a mask if he were “in a tight situation with people” but that he’s not convinced they should be required even as coronavirus cases are spiking in parts of the U.S.“I don’t know if you need mandatory,” Trump said Wednesday in a Fox Business Network interview. “I’m all for masks, I think masks are good.”Trump has mocked his Democratic challenger, Joe Biden, for wearing a mask and hasn’t publicly worn one, though he is facing calls to do so. His comments come a day after Surgeon General Jerome Adams said: “Please, please, please wear a face covering when you go out in public.”Trump added that Americans should “do what makes you feel good” and follow guidelines, and alluded in both interviews to wearing a face covering during a tour of a ventilator plant in Michigan. In that visit, he opted not to wear the covering in front of the media but was photographed masked during a private part of the tour.McDonald’s Halts Resuming U.S. Dine-In (6:20 a.m. HK)McDonald’s Corp. is pausing the resumption of all dine-in services in its U.S. restaurants as the coronavirus outbreak flares up in areas across the country.The halt will last for 21 days, the fast-food chain said in an internal letter that was viewed by Bloomberg. Locations that have already reopened their dining rooms should consult guidance from local and state officials on whether to roll back services, according to the letter, which was signed by Joe Erlinger, McDonald’s U.S. president, and Mark Salebra, head of the National Franchisee Leadership Alliance.Florida’s Miami-Dade to Require Masks (6 a.m. HK)Miami-Dade County, Florida’s most populous, will start requiring masks in all public spaces.Mayor Carlos Gimenez said he will sign an emergency order later Wednesday, according to an emailed statement. Masks were previously required in indoor public spaces and outdoors when effective social distancing was not possible.Under the new rules, masks must be used outdoors “with few exceptions,” the statement said.California Closes Indoor Dining in Hard-Hit Counties (3:41 p.m. NY)California Governor Gavin Newsom ordered the shutdown of indoor businesses including restaurants, bars, museums and movie theaters in 19 counties as the state grapples with a surge of infections from the coronavirus.The areas affected include Los Angeles County, the hardest-hit part of the state, and in total account for about 70% of California’s population, Newsom said at a press briefing Wednesday.Pennsylvania Mandates Masks (3:30 p.m. NY)People in Pennsylvania must now wear masks when leaving home, Governor Tom Wolf announced Wednesday.“This mask-wearing order is essential to stopping the recent increase in Covid-19 cases we have seen in Pennsylvania,” Wolf, a Democrat, said in a statement.Pennsylvania has 84,751 confirmed coronavirus cases and 6,649 deaths, according to its website.N.Y. Allows All Residents to Get Tested (1:35 p.m. NY)New York state is opening testing to all residents as the number of positive coronavirus cases in more than half of the country continues to rise.The state previously had limited testing to essential workers, nursing-home staff and those who had been exposed. But Governor Andrew Cuomo said at a virus briefing on Wednesday that it has increased testing capacity and all New Yorkers can and should be tested.“Go get a test,” Cuomo said. “It doesn’t cost you anything. It doesn’t hurt.”Since March, the state has tested 4 million of its approximately 19 million residents and has more than 750 testing sites, he said.WHO Laying Out New China Mission Scope (12:45 p.m. NY)A small World Health Organization advance team is making preparations with Chinese colleagues to set up the scope of its mission to China to investigate the origins of the coronavirus, according to Mike Ryan, head of the WHO’s emergencies program. The WHO plans to send an expert on animal health and an epidemiological expert with a background in field investigations of epidemics.“We expect then in collaboration with our colleagues in China to define a larger international mission,” Ryan said.Europe Says It Has Enough Covid Drug (12:30 p.m. NY)Countries including Britain, Germany and Switzerland sought to allay concerns that they won’t have sufficient stocks of Gilead Sciences Inc.’s remdesivir, one of two drugs shown to treat Covid-19, after the U.S forged a deal to snap up almost all the supplies for three months.The U.K. worked with Gilead in May to secure remdesivir in advance and has enough of the medicine to treat every National Health Service patient who needs it, officials said in an email response to questions Wednesday. Switzerland has supplies of the drug set aside for seriously ill patients, according to a government spokesman.NYC Delays Indoor Dining (10:30 a.m. NY)New York Mayor Bill de Blasio said the city was postponing a planned return to indoor dining next week, citing a surge in infections in other states. He said outdoor dining would continue.“It is not the time to forge ahead with indoor dining, but it is the time to double our efforts with outdoor dining,” de Blasio said, citing rising cases in Florida, California and Texas. “The news we’ve gotten around the country gets worse and worse all the time.”The city -- which had initially planned a return to indoor dining on July 6 -- will now help restaurants expand operations outdoors on sidewalks and curbside parking spaces, he said.De Blasio also announced that city’s beaches in the Rockaways, Coney Island, Staten Island and the Bronx would open Wednesday, and that 15 of the city’s largest public pools will be open over the next few weeks.For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.

  • Stocks Rise, Led by Hong Kong; Dollar Holds Drop: Markets Wrap
    Bloomberg

    Stocks Rise, Led by Hong Kong; Dollar Holds Drop: Markets Wrap

    (Bloomberg) -- Asian stocks climbed Thursday after positive vaccine developments and U.S. data tempered concern over a jump in coronavirus cases. Treasuries and the dollar held losses.Hong Kong shares outperformed after returning from a holiday, despite the recent tensions over China’s new national security law over the city. Stocks in Australia, China, Japan and South Korea also rose. U.S. futures ticked higher after the S&P 500 rose for a third day and the Nasdaq Composite jumped to a record. An early trial of an experimental shot from Pfizer Inc. and BioNtech SE showed it was safe, and prompted patients to produce antibodies.Meantime, U.S. House of Representatives passed by unanimous consent a bill imposing sanctions on banks that do business with Chinese officials involved in cracking down on pro-democracy protesters in Hong Kong. Relations between Washington and Beijing have soured badly in the months since the “phase one” trade deal was signed in January, while the coronavirus pandemic made many of its elements moot.Traders also monitored minutes of the Federal Reserve’s June meeting, which revealed that various participants viewed the economy needing support “for some time.” A closely watched measure of manufacturing jumped in June to the highest in more than a year. On the virus front, California and Arizona reported their biggest daily case increases and Houston’s intensive-care units exceeded full capacity.“There’s this inherent tension between health of the economy and health of the population,” said David Lebovitz, a global market strategist at JPMorgan Asset Management. “It’s going to be the way to think about what drives markets over the next couple of weeks or months.”Elsewhere, oil was steady as traders weighed ongoing concerns about the spread of coronavirus across the U.S. south against a strong drawdown in crude stockpiles.Here are some key events coming up:The monthly U.S. jobs report will be released on Thursday.These are some of the main moves in markets:StocksS&P 500 futures rose 0.2% as of 5:35 a.m. in London. The S&P 500 climbed 0.5%.Japan’s Topix Index rose 0.3%.Shanghai Composite gained 1.2%.Hong Kong’s Hang Seng added 1.5%.Australia’s S&P/ASX 200 Index gained 1.7%.Kospi Index rose 0.9%.Euro Stoxx 50 futures advanced 0.9%.CurrenciesThe Bloomberg Dollar Spot Index was flat.The euro rose 0.1% to $1.1264.The yen was at 107.44 per dollar, little changed.The offshore yuan was little changed at 7.0696 per dollar.BondsThe yield on 10-year Treasuries was at 0.68%.Australia’s 10-year yield remained at 0.94%.CommoditiesWest Texas Intermediate crude was flat at $39.84 a barrel.Gold slipped 0.1% to $1,768.75 an ounce.For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.

  • Google, Gap Inc. Discuss Navigating the ‘Path Forward’
    WWD

    Google, Gap Inc. Discuss Navigating the ‘Path Forward’

    Executives from Google and Gap Inc. joined WWD in analyzing accelerating digital trends and ongoing changes in consumer behavior.

  • Napp Pharmaceuticals Announces European Commission Approval of Invokana® (canagliflozin) Label Update to Reflect Improved Renal Outcomes in Patients With Diabetic Kidney Disease and Type 2 Diabetes
    Business Wire

    Napp Pharmaceuticals Announces European Commission Approval of Invokana® (canagliflozin) Label Update to Reflect Improved Renal Outcomes in Patients With Diabetic Kidney Disease and Type 2 Diabetes

    Napp Pharmaceuticals Limited today announced that the European Commission (EC) has approved the extension of the indication of Invokana® (canagliflozin) to include important renal outcome data from the landmark Canagliflozin and Renal Endpoints in Diabetes with Established Nephropathy Clinical Evaluation (CREDENCE) trial, which was the first dedicated renal outcomes trial in patients with diabetic kidney disease (DKD) and Type 2 diabetes mellitus (T2DM).6 Canagliflozin is now the only sodium-glucose co-transporter 2 inhibitor (SGLT2i) approved with an extended indication to treat DKD in T2DM patients.6

  • GlobeNewswire

    Amid the COVID-19 crisis and the looming economic recession, the Food Acidulants market worldwide will grow by a projected US$2.7 Billion, during the analysis period

    New York, July 02, 2020 -- Reportlinker.com announces the release of the report "Global Food Acidulants Industry" - https://www.reportlinker.com/p05899518/?utm_source=GNW An.

  • Affinity discovers potent SARS-CoV-2 antibodies
    PR Newswire

    Affinity discovers potent SARS-CoV-2 antibodies

    Melbourne-based Affinity Biosciences Pty Ltd (Affinity), a privately held company focused on antibody discovery for cancer therapeutics, today announces the discovery of potent antibodies with therapeutic potential against COVID-19.

  • As coronavirus cancels vacations, should you cancel your travel credit card — or redeem airline miles for cash back?
    MarketWatch

    As coronavirus cancels vacations, should you cancel your travel credit card — or redeem airline miles for cash back?

    Before the coronavirus pandemic swept the globe, the Amtrak Guest Rewards World Mastercard was a great deal for David White. White, who lives in Baltimore and works for a software firm, used to ride the train frequently — and with the credit card, he was able to rack up points that he could convert into free tickets. Adding to White’s frustration: The card comes with a $79 annual fee, and there aren’t many competitive options to redeem the rewards points for non-travel-related uses.

  • Fox Business

    Congress passes extension of relief program for COVID-slammed businesses

    The previous deadline for filing of June 30 has been extended to Aug. 8

  • One new safety measure for Americans ready to fly again this July 4 weekend: More checkpoints open at security
    MarketWatch

    One new safety measure for Americans ready to fly again this July 4 weekend: More checkpoints open at security

    During a media roundtable Senate Committee hearing this week, the TSA laid out new policies and procedures to reduce the potential of infectious transmission.

  • Endangered Javan rhino enjoys a mud bath
    Reuters Videos

    Endangered Javan rhino enjoys a mud bath

    The 30 second long video of the endangered Javan rhino, or Rhinocerus sondaicus, one of only 72 left in the wild, was posted by Indonesia's Environment Minister Siti Nurbaya Bakar and has gone viral on social media. The minster said the critically endangered rhino was estimated to be a seven-year-old male and had been rolling around at the base of a waterfall to rest and regulate his body temperature. Javan rhinos, which once lived through northeast India and Southeast Asia, are among the most threatened of the five rhino species. The population of the heavy, herbivorous animals has declined mainly due to illegal poaching and the excessive demand for rhino horn and medicine.

  • What India’s PMC Bank scam can teach you about managing your money
    Quartz

    What India’s PMC Bank scam can teach you about managing your money

    The moment people put their money in a bank, they assume it is safe, forgetting that banking is just another business.

  • Newsfile

    Manganese X Subsidiary, Disruptive Battery Corp., Conducts Air Disinfectant Tests

    Montréal, Québec--(Newsfile Corp. - July 2, 2020) - Manganese X Energy Corp. (TSXV: MN) (FSE: 9SC2) (TRADEGATE: 9SC2) (OTC Pink: SNCGF) ("Manganese X" or the "Company"), is pleased to announce that Disruptive Battery Corp. ("DBC"), a wholly owned subsidiary, is currently testing the efficacy of a third party proprietary formula with the claim of reducing contaminants, dirt, infections and allergens. The formula works by deconstructing and eliminating the sources of contamination and odours. ...

  • Boeing completes 737 MAX certification test flights
    Reuters Videos

    Boeing completes 737 MAX certification test flights

    Boeing and the Federal Aviation Administration completed their certification test flights on the 737 MAX on Wednesday (July 1), a key milestone toward the plane returning to the sky. The Federal Aviation Administration announced the news on Wednesday. The MAX has been grounded since March 2019 after two fatal crashes in five months killed 346 people. The task now for the FAA is evaluating data from the three days of testing. In a statement, the FAA said it "is following a deliberate process and will take the time it needs to thoroughly review Boeing's work." The company is seeking to win approval of the FAA after it made upgrades to the anti-stall system that faulted in both crashes and sent the planes into catastrophic dives. The 737 MAX fallout has cost Boeing billions of dollars, slashed production and hobbled its supply chain. Industry and government sources say the FAA will not likely approve the plane's ungrounding until September. If that happens, the jet would be on track to resume U.S. service before year's end. Multiple criminal and congressional investigations are still playing out.

  • Record U.S. job growth expected in June, but masks labor market weakness
    Reuters

    Record U.S. job growth expected in June, but masks labor market weakness

    The Labor Department's closely watched monthly employment report on Thursday would add to a stream of data, including consumer spending, showing a sharp rebound in activity. The impact of these decisions will not show up in the employment data as the government surveyed businesses in the middle of the month.

  • Fires in Brazil's Amazon jump 20% in June
    Reuters Videos

    Fires in Brazil's Amazon jump 20% in June

    High above Brazil's Amazon rainforest -- patches of scorched earth are bringing attention to an alarming problem: raging forest fires, which rose 20% last month -- and are putting the lives of dozens of tribes indigenous to the region at serious risk. The fires, which are set to clear land after trees have been cut down, have environmentalists like Romulo Batista worried about the dangers of increasing deforestation. "From January to May this year, we had more than 650 thousand hectares with a deforestation alert, according to the National Institute for Space Research. That is 78% higher than last year.'' The indigenous tribes of the Amazon now face the twin threat of an environmental and public health crisis. Health experts fear the smoke which often blankets the forest during the dry season and causes respiratory problems could cause further complications for patients with COVID-19. The disease has battered indigenous communities living in the region, tribes which have no immunity to external diseases, and live a communal lifestyle that rules out social distancing. Carlos Soza Junior of the non-profit Imazon explains. ''The clearing of land already represents a serious health problem. If we have land clearing and COVID-19 together, this could bring catastrophic consequences for the residents of the region.'' Environmentalists largely blame the increasing destruction of the rainforest on the policies of right-wing President Jair Bolsonaro. Bolsonaro deployed the Brazilian armed forces to protect the Amazon in May--but deforestation is still on the rise. He has called for more farming and mining in protected areas of the Amazon, while defending the country for still preserving the majority of the rainforest. The Amazon Environmental Research Institute predicts that at the current pace of deforestation, some 9,000 square kilometers of the Amazon will be cut down by the end of this month.

  • GlobeNewswire

    Amid the COVID-19 crisis and the looming economic recession, the Food Colors market worldwide will grow by a projected US$1.5 Billion, during the analysis period

    New York, July 02, 2020 -- Reportlinker.com announces the release of the report "Global Food Colors Industry" - https://www.reportlinker.com/p05899521/?utm_source=GNW An.

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