Coronavirus latest: Amazon leases 12 additional Boeing cargo planes

Via Financial Times

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Singapore and China have established a bilateral travel arrangement under which essential business and official travel will resume between the two countries.

The Trump administration has said it will ban Chinese passenger airlines flying to and from the US this month unless Beijing relaxes restrictions on American airlines.

The S&P 500 gained 1.4 per cent on Wednesday, its fourth straight day of gains, amid optimism over an economic recovery and potential progress in the development of a coronavirus vaccine.

The World Health Organization will resume coronavirus trials of the contentious drug hydroxychloroquine after doubts emerged of a study that led to them being put on hold.

Meanwhile, research published on Wednesday showed that hydroxychloroquine did not help people who had already been exposed to the virus from developing Covid-19. The study did not capture how the drug would fare with people who had not been exposed at all.

UK Business secretary Alok Sharma has been tested for coronavirus and is self-isolating at home after struggling to deliver a speech in the House of Commons on Wednesday.

A sharp rise in personal savings will squeeze consumer spending and slow the economic recovery in the US, according to Oxford Economics.

Spain’s chamber of deputies has voted to prolong the sweeping government powers that underpin the country’s lockdown for a sixth and last time, from this Sunday to June 21.

The headquarters of India’s biggest steel maker in Delhi have been sealed for two days after five people, including top executives, tested positive for Covid-19, highlighting the mounting challenge for Narendra Modi’s government as it tries to restart the flagging economy amid rapidly rising infections.

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Boris Johnson has defended the government’s decision to impose a 14-day quarantine for people arriving in the UK. The policy, to be introduced on June 8, has been widely criticised by Conservative MPs who argue it is pointless to impose a quarantine against arrivals from countries with much lower Covid-19 infection rates.