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Trump touts new five-minute test as governors press for more screening Donald Trump boasted that the US had done more coronavirus tests than any other nation, just hours after several governors said their states faced serious problems because of insufficient testing. His comments came as Abbott Laboratories announced that it was launching a coronavirus test that could be completed in less than five minutes.
Cyprus imposes overnight curfew and doubles fine for violations Cyprus imposed a 9pm to 6am curfew on Monday for residents as it tightened restrictions on movement following a weekend spike in coronavirus cases reported on the Mediterranean island. From tomorrow people will only be allowed to leave their homes once a day, while the fine for violating lockdown rules has been doubled to €300, a government official said.
Greek prime minister donates half of salary to health service Greek prime minister Kyriakos Mitsotakis said he was donating 50 per cent of his salary over the next two months to help the country’s public health service curb the spread of coronavirus and urged other politicians to do the same.
Ford teams with GE Healthcare to produce 50,000 ventilators Ford aims to produce 50,000 ventilators within the next 100 days as it prepares to ramp production of a stripped-down model, becoming the latest industrial group to repurpose shuttered facilities to supply medical equipment.
Mexico to tap new Fed swap line with first auction on April 1 Mexico said it would tap a new $60bn swap line with the US Federal Reserve with a first auction of $5bn on April 1. On that day, the finance ministry is also expected to publish the general budgetary criteria for 2021 and revise its 2020 GDP forecast, which is currently for 2 per cent growth. The market now sees a contraction of as much as 7 per cent this year.
US-UK trade talks delayed amid coronavirus crisis The launch of trade talks between the US and UK has been indefinitely put on hold as the number of coronavirus cases continues to escalate sharply in both countries.
France reports its highest single-day death toll from virus France has reported its highest coronavirus death toll in 24 hours, with 418 patients dying in hospital to take the country’s total to 3,024.
Tanker rates surge on oil supply glut Rates to hire large oil tankers have jumped back above $200,000 a day as producers and energy traders scramble to secure vessels to either store or ship crude.