World Coronavirus Dispatch: Citigroup to resume job cuts after pause

Hong Kong plans new stimulus as economy falters, China's recovery gathers speed on retail rebound, some jobs may permanently move to machines and other pandemic-related news across the globe

The US economic recovery is in danger of being weaker and more uneven if Congress and the White House fail to agree on a new round of fiscal stimulus, according to mounting warnings from Wall Street and academic economists. In recent weeks, hopes have faded for an accord before November’s election to pump $1 trillion or more in government money into the world’s largest economy through direct payments to households, enhanced jobless benefits and aid to small businesses and state and local governments. Read more here

Let’s look at the global statistics:

Total Confirmed Cases: 29,275,604

Change Over Yesterday: