US notches 4 mn virus cases, Europe tops 3 mn amid fresh outbreaks

News Image

MG News | July 24, 2020 at 08:50 AM GMT+05:00

July 24, 2020: The coronavirus pandemic hit grim new milestones Thursday, with cases topping four million in the United States and three million in Europe as fresh spikes from Belgium to Tokyo to Melbourne forced new restrictions on citizens.

While EU lawmakers combed through a huge aid package for their economies, the UN called for a basic income for the world's poorest to help slow the spread of COVID-19, and the Red Cross warned of "massive" new migration caused by the economic devastation.

The United States, the hardest-hit country by the virus, added one million new cases in just over two weeks, according to a tracker maintained by Johns Hopkins University. In the previous 24 hours alone, the country notched more than 76,000 new cases.

Having recorded more than 144,000 total fatalities, the United States has seen a coronavirus surge, particularly in southern and western states, as Texas, California, Alabama, Idaho and Florida all announced record one-day death tolls.

Nevertheless, the rate of new cases is now showing signs of easing off in some of the worst-hit zones.

Against a backdrop of mass unemployment and sagging approval ratings, President Donald Trump announced he was scrapping next month's Republican nominating convention in Florida, stating that it was not the right time to hold a "big, crowded" event.

Meanwhile, the European continent now accounts for a fifth of the world's more than 15 million cases and remains the hardest hit in terms of deaths, with 206,633 out of 627,307 worldwide.

A 750-billion-euro post-coronavirus recovery plan was hammered out at an EU summit this week, where fiscally rigid nations butted heads with hard-hit countries like Spain and Italy that have called for huge aid grants.

EU chief Charles Michel said the total stimulus would eventually reach 1.8 trillion euros ($2.2 trillion).

"This moment, it's my conviction, is pivotal in European history. We acted fast and with urgency," Michel told the bloc's parliament in Brussels.

"Many people who are losing livelihoods, once the borders start opening, will feel compelled to move," he told AFP.

"We should not be surprised if there is a massive impact on migration in the coming months and years."

AFP/APP

Related News

Name Price/Vol %Chg/NChg
KSE100 177,873.88
195.45M
0.28%
500.11
ALLSHR 106,712.07
1,040.19M
0.56%
589.19
KSE30 51,887.21
103.81M
0.29%
152.18
KMI30 255,042.46
89.67M
0.46%
1169.47
KMIALLSHR 69,162.85
342.71M
0.85%
584.42
BKTi 48,733.27
19.48M
-0.22%
-108.13
OGTi 36,043.06
20.06M
2.70%
947.37
Symbol Bid/Ask High/Low
Name Last High/Low Chg/%Chg
BITCOIN FUTURES 65,520.00 68,420.00
65,050.00
-3395.00
-4.93%
BRENT CRUDE 96.29 97.13
95.06
0.47
0.49%
RICHARDS BAY COAL MONTHLY 127.15 0.00
0.00
-1.45
-1.13%
ROTTERDAM COAL MONTHLY 138.00 138.00
137.90
0.60
0.44%
USD RBD PALM OLEIN 1,182.50 1,182.50
1,182.50
0.00
0.00%
CRUDE OIL - WTI 88.92 89.64
87.80
0.18
0.20%
SUGAR #11 WORLD 18.40 18.54
18.16
0.18
0.99%

Chart of the Day


Latest News
November 14, 2026 at 08:42 PM GMT+05:00

Provinces post Rs600bn combined surplus in 1QFY27


November 14, 2026 at 06:27 PM GMT+05:00

World Bank approves $300m water project for Sindh


November 14, 2026 at 01:10 PM GMT+05:00

Key Pakistan Market Stats and Economic Indicators


November 14, 2026 at 12:17 PM GMT+05:00

Petrol price cut by Rs2 per litre, diesel rate unchanged


November 14, 2026 at 12:04 PM GMT+05:00

Weekly Market Roundup



Top 5 things to watch in this week

Pakistan Stock Movers
Name Last Chg/%Chg
Name Last Chg/%Chg