"We are now having 40 plus thousand new cases a day. I would not be surprised if we go up to 100,000 a day if this does not turn around, and so I am very concerned," Fauci said.
Battered by the coronavirus pandemic, European aircraft manufacturer Airbus said Tuesday that it must eliminate 15,000 jobs, mostly in Europe, to safeguard its future and warned of more thin years ahead.
As he prepares to announce a massive boost to public spending, U.K. Prime Minister Boris Johnson referenced former U.S. President Franklin D. Roosevelt who is renowned for implementing the "New Deal."
Investors should stay bearish on U.S. stocks until the full extent of the economic damage caused by the coronavirus pandemic is known, according to TS Lombard.
The coronavirus pandemic is expected to have resulted in a 14% drop in global working hours in the second quarter of 2020, the International Labour Organization has said.
Chinese President Xi Jinping has signed the Hong Kong national security law, state media reported on Tuesday saying that the top decision-making body in China's parliament has voted to approve the legislation.
Instead of targeting bonds as a form of economic stimulus, policymakers should look to the value of the greenback, one independent macro advisor suggested.
Prime Minister Boris Johnson promised to shake Britain's economy out of its coronavirus-induced crisis on Tuesday, by fast-tracking infrastructure investment and slashing property planning rules.
Ian Goldin, professor of Globalisation and Development at the University of Oxford and ex-vice president of the World Bank, has been predicting a widespread pandemic for several years.
Trump and the White House have denied that the president had been briefed on the matter. The White House had also said that the intelligence underpinning the claim was unverified.