Coronavirus live news: Germany reveals major stimulus plan as global cases grow by 100,000 a day
€130bn German package cuts VAT, offers cash grants; Mumbai introduces new restrictions after hurricane; Italy opens borders; Follow the latest updates
- Exclusive: governments and WHO changed Covid policy bases on suspect data from tiny US company
- Architect of Sweden’s coronavirus strategy admits too many died
- Global report: confusion over travel restrictions as EU starts opening borders
- Coronavirus latest: at a glance
The coronavirus outbreak could trigger a $25tn (£20tn) collapse in the fossil fuel industry by accelerating a terminal decline for the world’s most polluting companies.
A study has found that the value of the world’s fossil fuel reserves could fall by two-thirds, sooner than the industry expects, because the Covid-19 crisis has hastened the peak for oil, gas and coal demand.
Related: Coronavirus crisis could cause $25tn fossil fuel industry collapse
The number of coronavirus cases in California is on the rise after weeks of optimism that infections had slowed, raising fears that plans to reopen counties, along with mass protests against police brutality, could accelerate transmission of the virus.
According to numbers from Johns Hopkins University, which has been tracking coronavirus cases and deaths, California is one of 20 states that have seen an uptick in cases in the past five days.
Related: California: rise in Covid-19 cases raises fears over reopening and protests
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from World news | The Guardian
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