Coronavirus will wipe $4 TRILLION from global economy as impact was ‘underestimated’, warns Asian Development Bank – The Sun

CORONAVIRUS is predicted to wipe more than $4trillion from the global economy as a top bank admitted the impacts of the pandemic are going to be much worse than they feared.

The Asian Development Bank (ADB) – an international economic institution with 68 member states – described the Covid-19 outbreak as the “worst pandemic in a century”.

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ADB experts warned in the bank’s annual economic report that the global cost of coronavirus will be up to $4.1trillion.

The figure amounts to 4.8 per cent of the entire world’s economy, much worse than they initially feared in the early days of the pandemic.

Published in the Asian Development Outlook 2020, the new prediction comes as the US and Europe have become the epicentres of the outbreak.

The bank warns of “unprecedented economic disruption” ahead.

More than one million people have been confirmed to have the virus which has killed almost 60,000 victims since originating in China.

Experts fear the worst is still yet to come, with the US taking the leading with the highest case count in the world with more than 275,000.

Despite the figure of $4.1trillion, ADB officials also said the number could still be an “underestimate” due to knock on impacts such as collapsing supply chains and social crises.

The Philippines-based bank did however add the impacts could be mitigated to just $2trillion if containment is eased sooner than expected.

Coronavirus has placed the world’s economy into flux, with an $5trillion pledged in a worldwide stimulus package by the G20.

Workers globally have faced losing their jobs, businesses have gone bust, and the world’s governments are desperately trying to keep their economies moving without putting people at risk to Covid-19.

ADB experts admitted the forecast may change as unexpected consequences of the coronavirus appear worldwide.

Only 18 countries in the world have yet to be impacted by the bug, mostly island nations in the Pacific Ocean.

The bank’s report said: “The possibility of a financial crises cannot be discounted and the pandemic could also bring about fundamental changes to the global economy over the long term.”

The financial experts admitted there is “vast uncertainty” about the “duration and severity of the pandemic”.

Impacts of it on the economy may be “worse than forecast” and “growth may not recover quickly” from coronavirus.

The bank’s report warned of plummeting commodity prices, and a major slowdown for developing nations.

In the report, the ADB said: “The rapid spread of [Covid-19] has made it the worst pandemic in a century.

“The outbreak was still concentrated primarily in the People’s Republic of China when ADB released initial estimates of its economic impact on 6 March.

“Since then the outbreak has expanded significantly, with its epicenter shifting to Europe and the United States.

“The use of containment measures such as travel bans and community quarantines has expanded greatly."

'MUCH LARGER IMPACT'

It added: “Data from [China] indicates that the outbreak caused a double-digit decline in economic activity in the first quarter of 2020.

“Updated scenarios suggest a much larger impact than previously envisioned, reflecting these new realities.

“The range of scenarios explored in this update suggest a global cost of between $2.0 and $4.1 trillion, equivalent to between 2.3% and 4.8% of global GDP. “

ADB experts added there needs to be an international effort to try and mitigate the economic impacts of Covid-19.

Half of the world’s population are now under some form of lockdown as the pandemic sweeps its way across the world.

The US, Italy, Spain, Germany and France are now the worst impacted nations, and the death toll continues to rise.

Strict measures are in place worldwide to try and control the virus, with cities in total shutdown and health services stretched to their limits.

World Health Organisation officials have said they are concerned about the “near exponential” continuing growth in coronavirus cases.

WHO director general Dr Tedros Adhanom Ghebreyesu said: “As we enter the fourth month since the start of the pandemic, I am deeply concerned about the rapid escalation and global spread of infection.”

Hopes the virus could be contained have long faded, and now world governments are scrambling to try and save lives.

The US is now the epicentre of the infection, with fears it could kill up to 240,000 people before the bug is beaten.

The world’s youngest victim is believed to be six-week-old baby who died in the US state of Connecticut.

US President Donald Trump said “horrific days” are ahead for his nation as the daily death toll reached 1,000.

He said: “Our country is in the midst of a great national trial unlike any it has ever faced before.”

Britain continues to fight back against the infection with a nationwide lockdown as the death toll races towards 4,000 – surpassing the official count in China.

Fears are looming over this weekend for the UK as a heatwave rolls in, with officials urging people to stay home and not risk spreading the virus by flocking to parks and beaches.

The Queen is due to address the United Kingdom on Sunday as dark days seem ahead for almost everyone worldwide.

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Savings State of Mind: Get 4 Months of TIDAL for Just $4 (Final Days!)

Sponsored content. Us Weekly receives compensation for this article as well as for purchases made when you click on a link and buy something below.

Doesn’t the warmer weather just make you want to hop in a car with your friends, drive around with the windows rolled down and blast your favorite good-mood tunes until nightfall, singing along at the top of your lungs? Few things could possibly be better than that feeling of carefree freedom, but the thing is, it’s only going to be carefree if you’re properly prepared.

You don’t want to find yourself having to scan the radio channels every couple of minutes for a song you like or have someone stuck on phone duty, unable to enjoy the moment because they’re too worried about what to play next. You need a streaming service that takes care of all of that for you, and you know what? You might as well sign up for said service while it’s over 90% off. Yes, you read that right!

Get four months of TIDAL Premium (originally $10 per month) or HiFi (originally $20 per month) for just $4! Deal ends April 5, 2020. Available in US, CA, UK, Germany, France, Italy, Spain and Poland.

This deal may seem like an April Fools’ joke, but considering it started in March, we promise that you’re totally in the clear. We don’t blame you for any suspicion though — these savings are absolutely amazing. Both membership tiers include TIDAL’s catalog of over 60 million songs, along with over 250,000 HD videos, expertly curated playlists, podcasts and more — and HiFi even includes lossless High Fidelity sound quality, which means you’re hearing the music how it was meant to be heard, completely uncompressed. We couldn’t believe HiFi was included as part of this deal, but there it is, and we still have time to nab it!

Get four months of TIDAL Premium (originally $10 per month) or HiFi (originally $20 per month) for just $4! Deal ends April 5, 2020. Available in US, CA, UK, Germany, France, Italy, Spain and Poland.

TIDAL, launched in 2014 by the one and only Jay-Z, is everything you want it to be. It’s a streaming service, it’s an entertainment platform, it’s a mood-creator and it’s your own personal DJ. Going on that drive with your closest buds? Let TIDAL pick the songs based exactly on what you love to listen to, whether you’re in the mood for some ‘90s nostalgia or today’s top 40. Just press play and serenade your friends as you cruise toward the sunset!

The exclusive experiences and unparalleled quality — both audio and visual — of TIDAL are easily worth their full price, but we know not to let savings slip by when we spot them. Sign up today and see what a streaming service can really do for you!

Get four months of TIDAL Premium (originally $10 per month) or HiFi (originally $20 per month) for just $4! Deal ends April 5, 2020. Available in US, CA, UK, Germany, France, Italy, Spain and Poland.

Check out more of our picks and deals here!

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The Shop With Us team may receive products free of charge from manufacturers to test. In addition, Us Weekly receives compensation from the manufacturer of the products we write about when you click on a link and then purchase the product featured in an article. This does not drive our decision as to whether or not a product or service is featured or recommended. Shop With Us operates independently from advertising sales team. We welcome your feedback at [email protected] Happy shopping!

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The Matrix 4 And The Batman May Be Delayed Due To Coronavirus

With the world in self-isolation, many projects have been put on hold due to health concerns. This includes major movies like The Matrix 4 and The Batman. This pandemic has hit all corners of the industry, with many studios closing down and stopping production indefinitely. This has left many movies and TV shows in limbo, with no one knowing just when the cameras can resume rolling once more.

According to Variety, most studios have contacted their talent and representatives to inform them that at this point it won’t be until mid-May at the earliest that production will resume. This is a step back from the initial goal of beginning in April. The new goal of May is only temporary though, with experts expecting the pandemic to hit its climax in the US throughout April.

Studios won’t be able to return to work until the government gives the green light, with gatherings of more than 10 people needing to be permitted, before anything can be done. Any studio that needs to film overseas will have a harder time, as the logistics of moving a crew and cast overseas at this point will be challenging for some time.

Actors are having to having to reshuffle their availability, with projects being suspended and pushed back; scheduling conflicts are beginning to form. Studios are scrambling to scoop up anyone they can to fit in these spots, with celebrities prioritizing starring roles over supporting roles in projects.

Skype interviews are beginning to surface, with Mad Max: Fury Foad Furisoa spin-off director George Miller scouring the internet for his next cast.

Some films that were well underway, like The Matrix 4 and The Batman, might just be able to make their original release dates, depending on how quickly all the post-production work can be completed from isolation, as well as if all the filming was completed in time. How these will be viewed is another question altogether, with cinemas all over the world closed as part of the lockdown. Screenings of movies like No Time To Die, A Quiet Place 2, and F9 were all suspended after brief run time in cinemas.

Disclosure: ViacomCBS is GameSpot’s parent company

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The 4 Best Collaborations Between Metro Boomin and 21 Savage

In present-day hip-hop, one of the most prolific collaboration duos consists of rapper 21 Savage and producer Metro Boomin.

The producer, whose real name is Leland Wayne, has produced many songs for the rapper, whose real name is Shéyaa Bin Abraham-Joseph. They even released a collaborative EP a while back. Their best collaborations include tracks from that EP as well as other songs from over the years.

‘X’

As 21 Savage’s breakout single, “X” also had Metro Boomin, the song’s producer, as a lead artist and was featured on their joint EP, Savage Mode. Rapper Future was also featured on the track. The song reached No. 36 on the Billboard Hot 100 and certified double-platinum.

‘No Heart’

Also taken from the rapper and producer’s EP, Savage Mode, “No Heart” was the second single from the project. It reached No. 43 on the Billboard Hot 100. Like “X,” the song was also a certified double-platinum.

‘Bank Account’

“Bank Account” was the lead single from 21 Savage’s debut album, Issa Album. The track was produced by Metro Boomin. Reaching No. 12 on the Billboard Hot 100, it ties “A Lot” as 21 Savage’s highest-charting single. As the most successful single, it was certified quadruple-platinum.

‘Pull Up N Wreck’

“Pull Up N Wreck” was the first single taken from Big Sean and Metro Boomin’s collaborative album, Double or Nothing. The single featured 21 Savage. Though the album received mixed reviews, this single managed to reach No. 80 on the Hot 100.

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Cheapest PlayStation 4 Deals 2020 | The Sun UK

THE PLAYSTATION 4 remains incredibly popular long after its release in 2013.

So if you're only just joining the PlayStation party, buying the console as a gift for someone who is into their video games, or are an avid gamer looking to upgrade to the PS4 Pro, we look at where you can buy the console the cheapest.

Boxing Day and Cyber Monday might be a little way away for now, but if you shop around, there's no reason you can't find a decent deal and save yourself some money.

Amazon Prime Day will arrive at the tail-end of July which could bring some bargains.

And it's worth shopping around before you buy, as you never know when a new sale might start.

We've listed some of the best deals we can see right now below.

PlayStation 4 500GB

  • £239.99 at Amazon – buy here

PlayStation 4 1 TB

  • £284.99 at Amazon – buy here

PlayStation 4 Pro 1TB

  • £345.35 at Amazon – buy here

 

What's the difference between the PS4 and the PS4 Pro?

The short answer is that the PS4 Pro is simply more powerful and faster than the regular PS4.

The PS4 Pro should make your games look better than ever as you can play them in full 4K detail, as long as you have a TV a PlayStation game that supports that.

The PS4 is also slightly bigger and heavier than the regular PS4, as well as being more expensive.

Is PS4 better than Xbox One?

In terms of performance, the PlayStation 4 and the Xbox One (like-for-like models) are pretty similar and you'd be hard pushed to find significant graphical differences between the consoles.

Microsoft charges a larger premium for its 4K console, the Xbox One X, than Sony does for the PS4 Pro, so PlayStation takes the edge on value.

But we think the PS4 really edges ahead of the Xbox One with its library of exclusive games.

While Microsoft does have its share of exclusives, including the Halo and Gears of War series, the PS4 has far more smash hit games, including: The Last of Us, Spider-Man, God of War and Uncharted.

Who will have the best deals on the PS4?

  • Amazon
  • AO
  • Argos
  • Currys PC World
  • GAME
  • John Lewis

If you're considering buying an Xbox One, here's where you can buy those consoles for less.

Enjoyed our roundup of where to buy a cheap PlayStation 4? We've listed all the Nintendo Switch bargains we can find here.

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Channel 4 announces Lockdown Wedding Live where a couple get married online with celeb guests amid coronavirus crisis – The Sun

CHANNEL 4 has announced a new show called Lockdown Wedding Live, which will feature a couple getting married online.

The couple taking part were forced to cancel their big day due to the coronavirus, but the wedding will now still go ahead – just in a slightly different way.

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The broadcaster invites viewers to enjoy the big day and have roped in First Dates star Fred Sirieix to oversee the proceedings.

It is just part of Channel 4’s plan to help keep the nation entertained during lockdown, with others including Grayson Perry creating art with the whole nation, Kirstie Allsopp sharing craft ideas for all the family and Jamie Oliver helping people cook with store cupboard essentials.

Director of programming, Ian Kratz said: “Giving people a structure to their day – and helping them to use their time stuck at home constructively – is going to be incredibly important and I’m delighted to be announcing a range of new programming under the banner of Lockdown Academy.

“We’ve commissioned a range of new shows to help families keep active and happy through the day.  This will include Grayson Perry teaching a nationwide art course, Kirstie Allsopp sharing her home crafting ideas and of course Jamie Oliver helping the nation cook from their store cupboard essentials.

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“We’ll be broadcasting a wedding celebration live for one couple’s loved ones – and everyone else – to enjoy from the safety of their homes.”

Earlier this week Boris Johnson announced that all weddings were now banned amid the coronavirus crisis.

The PM is to scrap social gatherings and close places of worship and gyms to stop the spread of the killer virus which has already claimed 422 lives in Britain.

Announcing the draconian measures, the PM said: "We will stop all gatherings of more than two people in public – excluding people you live with.

"And we’ll stop all social events, including weddings, baptisms and other ceremonies, but excluding funerals."

Councils and the church have already been encouraging couples to live stream their nuptials and ceremonies to guests.

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Cancer-stricken girl, 4, kisses her dad through the window as she self-isolates to protect herself from coronavirus – The Sun

A HEARTBREAKING photo of a cancer-stricken four-year-old and her dad kissing through a glass window has been shared online to raise awareness for the importance of self-isolation.

Mila Sneddon is currently undergoing intensive chemotherapy after being diagnosed with leukaemia in November last year.

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And as the ever-worsening spread of coronavirus continues to sweep across the UK, the family made the brave decision to self-isolate separately in a bid to prevent their sick daughter from catching Covid-19.

Her parents Lynda, 36, and Scott, 50, decided the best way to keep their little girl safe was by self-isolating in different houses.

The mum-of-two shared a heartbreaking photo of Mila kissing her dad through the window.


Lynda explained how she shared the photo to social media to highlight the importance of social distancing.

She said: "I hope the picture makes people realise the importance of self distancing and stop ignoring the guidelines.

“It is difficult for us all but the longer people go out, the longer we will have to stay indoors and Mila is missing her daddy and sister.

“She feels anxious at bedtime knowing her dad and sister are not home, but his visits at the window make her happy.

“Despite everything that is going on, she remains a happy and funny little girl who jokes with her dad when he comes.

“She asks ‘are you here to drop off the supplies?’

“They put their arms outstretched for an ‘air hug’ and blow kisses through the window."

I hope the picture makes people realise the importance of self distancing and stop ignoring the guidelines

The photo, which was taken on March 20, has been liked by over 44,000 people and shared 37,000 times.

Lynda added: “Scott, who is a service engineer, predominately works alone, but still comes into contact with people including getting the things we need from the supermarket so it is a risk we simply were not willing to take.

“They have both moved in with my parents for the foreseeable, but he still visits and communicates through the window over FaceTime and the phone.

“When he first came, Mila was confused and asked ‘why can’t daddy come in?’ which upset us both.

“But after explaining we need to keep her healthy and protect her from germs that he could bring home, she understands.

"Mila is used to periods of isolation as are many parents with children who have compromised immune systems.”

Lynda concluded how the coronavirus has made life at home more challenging than ever before, and worries about medics treating her.

“We are still trying to come to terms with it all and coronavirus has made it even more challenging," she affirmed.

“We are keeping her safe, but we worry about hospitals as there is limited testing and Mila still needs to attend for treatment — how do we know if medics haven’t got the virus?"

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Dad finds his son, 4, with his throat slit and wife with ‘self-inflicted cuts to her neck and wrists’ – The Sun

A FOUR-YEAR-OLD boy was found dead with a slit throat while his mother remained home with cuts to her wrists at a suburban house in Texas Saturday morning.

The boy's father arrived home to find his son and the grisly scene with blood throughout the house.

Police arrived at the Sugar Land home in the 5200 block Weatherstone Circle southwest of Houston around 10.40am.

The mother was said to have been found with self-inflicted injuries wandering around the house with cuts to her wrists and neck, according to Sugar Land Police Assistant Chief Michelle Allen.

The couple's four-year-old son was found by police upstairs with his throat slit.

Police are continuing to investigate and have declined to say is anyone is in custody or what weapon was used.KHOU 11 said KHOU reported the woman was taken to the hospital and is expected to survive.

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Desperate search for girl, 4, ‘abducted’ from her pre school – The Sun

A DESPERATE search was underway in North Carolina for a four-year-old girl who was reportedly abducted from her pre-school yesterday.

Little Imonie Arily Stanback was snatched from a school in Liberty by her birth mom, who does not have custody of her, say local cops.


According to Randolph County Sheriff's Office, Hennessy Stanback snatched her daughter from Freedom Preschool in West Swannanoa.

Police say Imonie was last seen at 1:15 pm before she was abducted by her "non custodial parent" on Tuesday, March 3.

The tot was wearing a glow-up bow, gray Old Navy jacket, orange and white shirt, black tights, and blue/white socks.

Cops were on the hunt for a white traverse heading in an unknown direction before the little girl was located last night.

"Imonie has been located," said Randolph County Sheriff''s Office on Wednesday morning.

"Detectives with the Liberty Police Department advise that they are still determining if there will be any charges."

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