COVID-19 Spreading In US At Faster Than Global Pace

Walmart to check temperatures of workers to prevent coronavirus spread

Walmart will check employees’ temperatures at the start of their shifts to prevent them from working with coronavirus, company executives said Tuesday.

Walmart and Sam’s Club staffers who give a reading of at least 100 degrees will be sent home until they go three days without a fever, company officials said. Sick employees will still get paid for reporting to work if they’re told to leave, the execs said.

“Many associates have already been taking their own temperatures at home, and we’re asking them to continue that practice as we start doing it on-site,” Walmart US president and CEO John Furner and Sam’s Club president and CEO Kath McLay said in a Tuesday announcement.

Walmart is distributing infrared thermometers to all its locations, which could take up to three weeks, according to the company. Employees will also be asked basic health questions along with the temperature screening, the executives said.

The US Equal Employment Opportunity Commission gave companies the green light earlier this month to check employees’ body temperatures amid the coronavirus pandemic, though the agency notes that some people with the potentially deadly virus don’t have a fever.

Walmart will also provide masks and gloves for employees who want to wear them, Furner and McLay said. The retail giant has also closed stores overnight for cleaning and begun installing sneeze guards to protect cashiers from the virus.

NY Fed accepts $250 million in bids submitted at 13-day repo operation

BOSTON (Reuters) – The New York Federal Reserve said it accepted $250 million in bids submitted by primary dealers in a 13-day repurchase agreement operation, a move intended to keep the federal funds rate within its target range.

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Coronavirus: Spain sees record death toll with 849 fatalities in 24 hours

MADRID (AFP) – Once again, Spain hit a new record with 849 people dying of Covid-19 in 24 hours, hiking the overall death toll to 8,189, the government said on Tuesday (March 31).

The increase came after a day in which the number of deaths had fallen slightly, raising hopes that the epidemic could be reaching a peak in Spain, which has logged the world’s second-highest number of deaths from the virus, after Italy.

Another 9,222 people tested positive for the virus over the past 24 hours, raising the total number of confirmed cases to 94,417.

Oil price war: Analysts expect prices to drop further

Coronavirus pandemic continues to crush demand amid price war between Russia and Saudi Arabia.

Top energy officials in the US and Russia will meet to tackle an historic collapse in global oil markets.

The meeting comes after a dispute over output levels earlier this month sparked a price war between Russia and Saudi Arabia.

Prices have plunged even further due to the coronavirus pandemic and analysts say there is little prospect of a recovery any time soon.

 

Al Jazeera’s Osama bin Javaid reports.

Govt extends term of RBI Deputy Governor Kanungo by one year

The government has extended the tenure of Reserve Bank of India (RBI) Deputy Governor B.P. Kanungo by a year.

The Central government has re-appointed B.P. Kanungo as Deputy Governor, RBI, for a further period of one year with effect from April 3, 2020, or until further orders, whichever is earlier, upon completion of his existing term on April 2, 2020, the RBI said in a release.

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No bids submitted for overnight repo auction – NY Fed website

BOSTON, March 31 (Reuters) – The New York Federal Reserve said on Tuesday that no bids were submitted for its overnight repurchase agreement (repo) operation out of a possible $500 billion.

The operations are intended to keep the federal funds rate within its target range. Several others since last week also have received little or no bids, suggesting liquidity has improved in the market for short-term government securities. (Reporting by Ross Kerber Editing by Chizu Nomiyama)

COVID-19 Spreading In US At Faster Than Global Pace

Coronavirus is spreading in the United States at a pace faster than in any other part of the world.

Out of the total death toll of 3,173 due to the virus, 540 new deaths were reported in a 24-hour period on Monday, the deadliest day yet in the country due to the pandemic.

The United States, which overtook Italy last week as the country with the highest number of Covid-19 infections, has more than 164,000 confirmed cases as of Tuesday.

It is estimated that more than 2,000 people could die each day in the United States in mid-April, when the country is expected to reach “peak resource use.”

With four more states urging its citizens to stay at home, about three out of four Americans are under some form of lockdown.

Maryland, Virginia, Arizona and Tennessee are the latest states to announce lockdown, raising the number of such states to 32.

New York is the worst-hit state with 1342 deaths and 67325 confirmed cases, according to Johns Hopkins University data.

Washington (210 deaths, 5250 infections), New Jersey (198 deaths, 16636 infections), Louisiana (185 deaths, 4025 infections) Michigan (184 deaths, 6498 infections) and California (149 deaths, 7426 infections) are the other worst-hit states.