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North Korea test fires missiles amid worries about outbreakNorth Korea on Sunday fired two suspected ballistic missiles into the sea, South Korea and Japan said, continuing a streak of weapons launches that suggests leader Kim Jong Un is trying to strengthen domestic support amid worries about a possible coronavirus outbreak in the country. South Korea’s Joint Chiefs of Staff said it detected the projectiles flying from the North Korean eastern coastal city of Wonsan into the waters between the Korean Peninsula and Japan on Sunday morning.




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Iran defends virus response as Syria reports first deathIran's president on Sunday lashed out at criticism of authorities' lagging response to the worst coronavirus outbreak in the Middle East, saying the government has to weigh economic concerns as it takes measures to contain the pandemic. Syria meanwhile reported the first fatality from the virus in the war-torn country, which has five confirmed infections. Syria has closed schools, restaurants and nightclubs, and imposed a nighttime curfew last week aimed at preventing the virus' spread.




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Saudi Arabia expands lockdown as coronavirus death toll doublesSaudi Arabia halted entry and exit into Jeddah governorate on Sunday, expanding lockdown rules as it reported four new deaths from a coronavirus outbreak that continues to spread in the region despite drastic measures to contain it. The Saudi health ministry said four more foreign residents, in Jeddah and Medina, had died from the virus, taking the total to eight. Oman, Kuwait and Bahrain reported more cases, taking the total in the six Gulf Arab countries to over 3,200, with 15 deaths.




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Rosneft Sells Venezuelan Assets as Fight With U.S. Grows(Bloomberg) -- Russian oil giant Rosneft PJSC sold its assets in Venezuela to the Russian government, in what may be a maneuver to avoid any U.S. sanctions in an escalating fight between Caracas, Washington and Moscow.Rosneft is selling local production, service and trading assets to a state-owned company, it said in a statement. The move is to protect shareholders’ interests, according to company spokesman Mikhail Leontyev.The U.S. slapped sanctions on two units of Rosneft earlier this year for operating in Venezuela, stopping short of sanctioning the listed parent company. President Donald Trump is trying to oust Venezuelan President Nicolas Maduro, who is clinging to power in the oil-rich but increasingly impoverished nation.The fight over Venezuela fits into a much larger geopolitical battle between Trump and Vladimir Putin, with both turning to oil as the weapon of choice. Russia’s decision to all but abandon the OPEC+ alliance earlier this month was seen as part of its strategy to weaken the U.S. shale industry.That move in turn prompted Saudi Arabia to launch a price war, which has pushed crude to about $20 a barrel, threatening U.S. shale producers, as well as the budgets of oil-producing states.It was unclear from Rosneft’s statement what will happen to the business in Venezuela. Rosneft’s Leontyev said the company has left the country and declined to comment on whether Rosneft may offer its expertise to the new owner. The Kremlin didn’t respond to a request for comment.But Russia’s ambassador to Venezuela, Sergey Melik-Magdasarov, indicated on Twitter that the new owners would continue business as usual.“Don’t worry! This is about Rosneft’s assets being transferred to Russia’s government directly. We keep moving forward together!” he said, in a message that also posted on the embassy website.The move also prompted speculation that it could herald a shift in the various power plays, particularly in the context of the oil-price war. The U.S. has tried to get Saudi Arabia to show restraint -- so far without success. Even as the oil market breaks under the twin pressures of a massive demand slump and glut of extra production, both Saudi Arabia and Russia are digging in. Assets for SharesThe sale may serve two goals for Rosneft CEO Igor Sechin, according to Konstantin Simonov, head of the National Energy Security Fund think tank in Moscow: To avoid further U.S. sanctions and to cut costs, as Rosneft leaves Venezuela.“Russia leaves Venezuela and Sechin transfers his losses to the Russian state,” he said. A company representative said that after its exit from Venezuela, Rosneft has the right to expect the U.S. to fulfill its promises. The U.S. has said sanctions “need not be permanent and are intended to change behavior.” The U. S. “will consider lifting sanctions for those who take concrete, meaningful, and verifiable actions to support democratic order in Venezuela.”Russia controls Rosneft with just over 50% of its shares. BP Plc is the second-largest shareholder with 19.8%, and Qatar’s QH Oil Investments owns 18.9%.As part of the transaction, Rosneft will receive a 9.6% share of its own equity capital. Those shares will be held by a 100% subsidiary of Rosneft as treasury stock. Rosneft shareholders will decide what to do with the shares, Leontyev said. It’s not yet clear if Russia’s control is materially affected. Debt DealsIn addition to joint ventures with Rosneft, Venezuela’s oil producer PDVSA was supplying crude to the Russian company under prepayment deals. By the end of third quarter PDVSA reduced its debt principal to Rosneft to $800 million. Rosneft didn’t disclose the remaining debt in its fourth-quarter report, but earlier this year Otabek Karimov, vice president for commerce and logistics in Rosneft, told investors that PDVSA was making payments as agreed.The assets sold include Rosneft’s stakes in local upstream companies Petromonagas, Petroperija, Boqueron, Petromiranda and Petrovictoria, as well as oil-service, commercial and trading units.Rosneft has said its oil trading operations in Venezuela are linked to the oil supply deals it reached with PDVSA before the U.S. introduced wide-scale penalties for companies and individuals operating in Venezuela’s oil sector in early 2019. It has said the sanctions are illegal.(adds background and detail throughout)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.




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Coronavirus deaths fall again in Italy but lockdown extension loomsThe number of deaths from coronavirus in Italy fell for the second consecutive day on Sunday but the country still looked almost certain to see an extension of stringent containment measures. The Civil Protection department said 756 people had died in the last day, bringing the total to 10,779 - more than a third of all deaths from the virus worldwide. "The measures that were due to expire on April 3 inevitably will be extended," Regional Affairs Minister Francesco Boccia told Sky TG24 television.




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Indian authorities send buses to take unemployed to villagesAuthorities sent a fleet of buses to the outskirts of India's capital on Saturday to meet an exodus of migrant workers desperately trying to reach their home villages during the world's largest coronavirus lockdown. Thousands of people, mostly young male day laborers but also families, fled their New Delhi homes after Prime Minister Narendra Modi announced a 21-day lockdown that began on Wednesday and effectively put millions of Indians who live off daily earnings out of work. Modi said the extreme measure was needed to halt the spread of the coronavirus in India, which has confirmed 775 cases and 19 deaths, and where millions live in cramped conditions without regular access to clean water.




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Coronavirus stimulus might be delayed another day after 1 congressman threatens to disrupt unanimous voteEven with a massive economic stimulus bill on the horizon, House members had recently returned home to wait out the new coronavirus outbreak upon reassurance the bill would pass unanimously.But on Thursday, Rep. Thomas Massie (R-Ky.) disrupted that plan by suggesting he might oppose a unanimous voice vote. His waffling now has much of the House rushing back to Washington, scrambling to find uncancelled flights and worried about spreading COVID-19 even further, Politico reports.Beyond just allowing congressmembers to get home, the voice vote would've prevented all House members from having to come together in the Capitol in a clear violation of the CDC's social distancing guidelines. The House only needs 216 members for a quorum, but others are worried about the optics of not showing up if it comes down to a roll call vote. So even Rep. Grace Meng (D-N.Y.), who represents the swamped Elmhurst hospital in Queens, New York, boarded a near-empty flight back to D.C.House Speaker Nancy Pelosi (D-Calif.) said the House will have a roll call if there's a quorum on Friday, but Massie's disruption could push it to Saturday. House members on both sides of the aisle are "furious" about the plans, with some blaming Pelosi and others blaming Massie, Politico reports. President Trump agreed with the latter in a Friday tweet and called for Massie to be thrown out of the Republican party. > ...& costly. Workers & small businesses need money now in order to survive. Virus wasn't their fault. It is "HELL" dealing with the Dems, had to give up some stupid things in order to get the "big picture" done. 90% GREAT! WIN BACK HOUSE, but throw Massie out of Republican Party!> > -- Donald J. Trump (@realDonaldTrump) March 27, 2020More stories from theweek.com Why Minnesota's coronavirus response is different Elton John to host 'Living Room Concert for America' with stars performing from home Biden could reportedly soon embrace 'key planks' of more progressive agenda




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'Off the charts': Virus hotspots grow in middle AmericaThe coronavirus continued its unrelenting spread across the United States with fatalities doubling in two days and authorities saying Saturday that an infant who tested positive had died. It pummeled big cities like New York, Detroit, New Orleans and Chicago, and made its way, too, into rural America as hotspots erupted in small Midwestern towns and Rocky Mountain ski havens. Worldwide infections surpassed the 660,000 mark with more than 30,000 deaths as new cases also stacked up quickly in Europe, according to a tally by Johns Hopkins University.




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Johnson’s War With Coronavirus Is No Joke Anymore(Bloomberg) -- For Boris Johnson, as for others, it started with a cough and a fever.The British prime minister did what he was told by the most senior medic in the land and took a test. Johnson was in his Downing Street apartment at midnight on Thursday when the result came through: he’d tested positive for coronavirus. It was the moment the pandemic literally hit home. Johnson, 55, is the first world leader to reveal he has Covid-19. His illness graphically illustrates the indiscriminate nature of a disease that has now infected almost 650,000 people around the world and killed 30,000. But as Johnson isolates himself, picking up meals and official papers left outside his door, the infection raises more questions about his attitude to a crisis many medical experts felt he failed to take seriously for too long.For one thing, Johnson is not the only member of the British government to be hit. Health Secretary Matt Hancock announced on Friday that he too had tested positive for the virus. Three hours later, Chief Medical Officer Chris Whitty revealed he was isolating with symptoms. While all three insist they’re still working, one question now dominates the debate in the U.K.: if the officials leading the fight against the virus can’t even keep themselves safe, how can they protect the rest of the country and its beloved National Health Service?“Patients will die unnecessarily, NHS staff will die unnecessarily,” said Richard Horton, editor of medical journal The Lancet. “The gravity of that scandal has yet to be understood.”In the U.K., 1,019 people have lost their lives. The rate of infection is racing ahead, with the number of new cases doubling every few days. In Italy and Spain, the rapid spread has sent their death tolls way beyond China’s—the virus’s original epicenter—and overwhelmed hospitals.Horton has been an outspoken critic of Johnson’s approach, warning for weeks that the government has been too slow to act.There has been a litany of criticisms from many quarters, though, including among his fellow Conservatives: The government shouldn’t have all but stopped testing in the community or begin a misguided policy of seeking “herd immunity” rather than fighting the contagion. It also delayed the imposition of tough restrictions, and kept schools open. While other countries were ordering curfews and deploying the military, Johnson instead sought to use behavioral psychologists in the government’s so-called “nudge unit” to persuade the public to do the right thing.For Johnson, the gamble on a different approach was offset by the fact that his own advisers lent it their support. But the stakes now are high. “One of the functions of a prime minister is to take the blame,” his biographer Andrew Gimson said. “He will take the blame if it all goes wrong—he will have to go, actually.”At key moments in the outbreak, Johnson has seemed in denial about the size of the threat—and to his critics, it showed. At the start of the month, the premier quipped that while everyone must wash their hands for the time it takes to sing “Happy Birthday,” that did not stop him shaking hands with people he meets.“I can tell you I am shaking hands continuously,” Johnson told reporters in a clip that has since gone viral on Twitter. “I was at a hospital the other night where I think there were actually a few coronavirus patients and I shook hands with everybody.”As the man who led his country out of the European Union, Johnson has often evoked his idea of British-ness, the unflappable belief that the country is different and all will be well. Indeed, it helped him to an emphatic election victory in December. But making light of a crisis has now landed Johnson in trouble.On March 16, after weeks of downplaying the issue, he suddenly urged all U.K. citizens to stay at home and avoid unnecessary contact with other people. It would be the prelude to more action that would shut the nation down. Yet later that evening, Johnson made light of the situation on a call with the manufacturers he was trying to persuade to produce thousands of urgently needed ventilators for hospitals. He joked that their task should be code-named “Operation Last Gasp.”Not everyone saw the funny side. “I was shocked,” said one witness, who asked to remain anonymous. “I don’t know how many people were on that call but some of the comments were not appropriate to the seriousness of the situation.”As the crisis deepened in the days that followed, the government’s response accelerated further. The country’s finance chief, Chancellor of the Exchequer Rishi Sunak, unveiled a 350 billion-pound ($435 billion) “wartime” rescue package for businesses. The next day, Johnson finally agreed to close schools across the country.Yet after three days of drama and amid growing alarm, an upbeat Johnson decided on March 19 it was time to rally his troops for the push toward victory. He bounded into the wood-paneled state dining room in No. 10 Downing Street, smiling and joking with reporters in front of him.“I am absolutely confident that we can send coronavirus packing,” he defiantly declared. A new test could be a “game changer” in the fight against the disease, he said, adding that the U.K. could “turn the tide” of the outbreak in 12 weeks.By March 23, Johnson was addressing the nation in their living rooms, telling them they would be locked down for an initial three weeks. The first week hadn’t even passed before the prime minister himself fell ill.Throughout, the government has insisted all his decisions were taken on the basis of “the best” scientific evidence. The public would get bored of being told to limit their movements for too long, so timing the restrictions perfectly was vital, officials said. The only verdict that counts will come when the death toll is finally known.But another explanation for Johnson’s approach may lie in his temperament. “He loves being the center of attention,” said Gimson.Most of all, Johnson has defined himself as a liberal conservative. He has long railed against the “nanny state” for telling people how to live their lives. Explaining his own reluctance to order stricter measures, he said on March 18: “We live in a land of liberty.”Even when he did try to stop people socializing in bars and restaurants, Johnson could not quite bring himself to treat the issue seriously. In his words, he was asking people to accept an almost impossible demand and give up the “inalienable right” of every “freeborn” Briton to go to the pub. It was a light-hearted message that threatened to undermine the gravity of his request.On the Sunday before he ordered a full national lockdown, Johnson implored the public to value the freedoms they stood to lose. “Other countries have been forced to bring in restrictions on people’s movements, altogether,” he said. “I don’t want to do that. It’s so important that that pleasure and that ability is preserved—but it can only really be preserved if everybody acts responsibly.”The tussle between freedom and responsibility may become the conflict that defines Johnson’s career. He rode to power on a campaign to release the U.K. from the EU’s legal shackles. His overriding promise was to “unleash” Britain’s potential.Now Johnson, like thousands of his fellow citizens, is living in isolation in his apartment and dealing with the disease for the next week alone. The irony is that he has put the entire population—himself included—on the tightest leash of all.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.




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Pope faces coronavirus 'tempest' alone in St Peter's SquarePope Francis stood alone in vast Saint Peter's Square Friday to bless Catholics around the world suffering under the coronavirus pandemic, urging people to ease their fears through faith. In a historic first, the Argentine performed the rarely recited "Urbi et Orbi" blessing from the steps of the basilica to an empty square, addressing those in lockdown across the globe via television, radio and social media.




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