New Zealand launches massive spending package
The New Zealand government announced a spending package equivalent to 4% of the country's GDP in an attempt to combat the effects of Covid-19 on the country's economy, in what ministers called the most significant peacetime economic plan in the country's modern history.
"This package is one of the largest in the world on a per capita basis" Grant Robertson, finance minister, told reporters in New Zealand's parliament on Tuesday.
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The Costa Rican president says that predictive models of the virus are "It is not so accurate".
Costa Rican President Carlos Alvarado told the Guardian that it is "difficult to say" whether the coronavirus outbreak in Central America can be controlled and warned that predictive models for the spread of the virus "are not so accurate".
On Monday, Costa Rica declared a state of emergency on the global pandemic and announced that it would close their borders to foreigners who do not reside in the country as of the end of Wednesday.
Speaking to the Guardian hours after the announcement, President Alvarado said he expected the economic impact of the virus on the popular destination of ecotourism to be temporary. He said:
We are monitoring the situation regionally. I believe it is too early to assess what the movement will be. That is why I believe that the entire region needs to take extreme measures of social distance. And yes, we are concerned with what may happen in the coming weeks, but we are following how this is developing. "
When asked if he believes Central America could control the spread of the virus, President Alvarado said:
It is hard to say. When you look at other countries, many of them have had exponential peaks and you have seen the cases that most people follow are those in South Korea, which they say have been treated the best.
But one of the most complicated things is that it is not so precise to predict yet. Models are not so accurate to predict [the spread of the virus]. I believe that all countries are hoping for the best, but planning the worst and taking the necessary steps to mitigate the effects. "
All Australian cricket canceled at all levels
All cricket in Australia has been canceled, including the final of the Sheffield shield, with NSW declared champion.
“Cricket Australia today announced the cancellation of the final of the Marsh Sheffield Shield and recommended all cricket played within the community is stopped for the rest of the 2019-20 season in response to the global coronavirus pandemic, ”said a statement.
NSW won the title after leading the Sheffield Shield competition in nine rounds, having won six, lost two and drawn one. His closest rival, Victoria, has won just three victories.
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The Australian stock market rose more than 1.6% at the opening bell on Tuesday morning, defying the strong leadership established by an overnight fall in the U.S.
ASX has still declined by about 30% since the coronavirus crisis hit the markets about a month ago, and the extreme volatility we've seen in the past few days means there is no guarantee that the relief will last.
Australian companies launched waves of bad news before the market opened, with airline Qantas saying it would cut international flights by 90% and domestic flights by 60%.
The decision, which will land about 150 aircraft, including almost the entire long-haul fleet of the airline, is the latest reaction in an industry under extreme financial pressure by the coronavirus crisis.
The Australian government has not ruled out an industry bailout.
Elsewhere, Coca-Cola Amatil, a soft drink maker, set its profit forecasts, Auckland airport canceled its dividends, real estate developer Sunland canceled a $ 60 million stock buyback program and Crown Resorts extended the closing of all second poker machines to the Burswood casino.
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Hundreds of prisoners escaped from prisons in São Paulo, Brazil
Hundreds of prisoners escaped from prisons in the state of São Paulo in southeastern Brazil on Monday. The G1 news site reported that prison riots and escapes occurred after temporary Easter departures, which are due to start on Tuesday, have been canceled because of the risk that prisoners will infect other inmates with coronavirus when they return to prison. Prisoners escaped in Tremembé and Mirandópolis and G1 reported that a rebellion was reported in a prison in Porto Feliz.
And in a widely shared video, hordes of prisoners could be seen running away from the semi-open Dr. Rubens Aleixo Sendin in Mongaguá, on the coast of São Paulo, while a man shouts: "Come back Monday, ok?"
Other videos showed dozens on the beach and 41 have been recaptured, said G1. State semi-open prisons do not have armed guards, said the São Paulo state penitentiary administration department, adding that it is "taking all necessary steps to remedy the problem".