Monday, 1 Jun 2020

Argentina's lockdown: More people out of work and food

Saudi Arabia advances curfew in three areas over coronavirus fears

CAIRO (Reuters) – Saudi Arabia has advanced to 3 p.m. (1200 GMT) its curfew in three areas, starting from Friday until further notice, state news agency SPA said, citing a senior official of the interior ministry.

The measure in the city of Dammam, and the governorates of Taif and al-Qatif, aims to rein in the virus, as the kingdom has recorded 1,885 infections and 21 deaths, the most among any of the six members of the Gulf Cooperation Council.

Saudi Arabia advances curfew in three areas over coronavirus fears

CAIRO (Reuters) – Saudi Arabia has advanced to 3 p.m. (1200 GMT) its curfew in three areas, starting from Friday until further notice, state news agency SPA said, citing a senior official of the interior ministry.

The measure in the city of Dammam, and the governorates of Taif and al-Qatif, aims to rein in the virus, as the kingdom has recorded 1,885 infections and 21 deaths, the most among any of the six members of the Gulf Cooperation Council.

Dr.Reddy’s Recalls Phytonadione Injectable Emulsion Ampules

Dr. Reddy’s Laboratories Ltd. is recalling four lots of Phytonadione Injectable Emulsion Ampules, the U.S. Food and Drug Administration said in a statement.

The recall was initiated after receiving complaints of ampules breaking and shattering, upon opening, during compounding. Dr. Reddy’s said it has received reports of cuts in skin and lacerations to health care professionals.

The company pointed out a reasonable probability that flying glass could injure skin, eye and/or other parts, resulting in either temporary or permanent injury.

Phytonadione injectable emulsion is a vitamin K replacement, indicated in various coagulation disorders which are due to faulty formation of factors II, VII, IX and X when caused by Vitamin K deficiency or interference with Vitamin K activity.

The recall involves the ACB902, ACB903, ACB904, ACB905 lots of Phytonadione Injectable Emulsion USP, 10 mg/mL, Single-Dose Ampules to the hospital level.

The products are packaged in a carton with 25 X 1 mL Single-Dose Ampules. The batches were distributed across the United States between June 21, 2019 and February 26, 2020.

Dr Reddy’s urged distributors, hospitals and pharmacies to return the recalled product.

Dr. Reddy’s in October last year had recalled all of its ranitidine medications sold in US due to confirmed contamination with N-Nitrosodimethylamine above levels established by the FDA.

Apple to keep US stores closed until early May: Report

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Customers wanting to visit the Genius Bar at Apple in person will have to wait.

Apple plans to keep its U.S. stores closed until early May, according to Bloomberg.

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Apple told  employees on Thursday that its retail stores will remain closed and work-from-home procedures will stay in place until early May due to the coronavirus crisis.

The company will review local conditions for each Apple facility and will follow guidance from local governments.

CORONAVIRUS CAUSES APPLE TO SCRAP IPHONE 9 LAUNCH EVENT: REPORT

Apple has about 270 U.S. stores which were shut last month due to coronavirus, moving the company to online sales.

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Apple dropped a two-device limit on online purchases of iPhones after changing the checkout procedure, according to Reuters.

Tullow Oil has $700 mln liquidity, cuts capex to $300 mln

LONDON, April 3 (Reuters) – Tullow Oil’s lenders have approved the size of its reserves-based lending facility at $1.9 billion, giving the group $700 million of undrawn loans and cash at the start of the second quarter, it said on Friday.

The company also said it was cutting its 2020 capital expenditure to $300 million, down $50 million from previous guidance, mainly through delaying activity. It said its cashflow breakeven point was an oil price of $35 a barrel. (Reporting by Shadia Nasralla Editing by David Goodman)

Hungary to unveil pandemic fund on Saturday, detailed plans on Tuesday -PM

BUDAPEST, April 3 (Reuters) – Hungary will introduce a new pandemic fund on Saturday and work out the details of the country’s biggest economic stimulus package by Tuesday, Prime Minister Viktor Orban told state radio on Friday, adding that the plans focus primarily on employment.

Healthcare workers will receive a 500,000 forint ($1,500) bonus this year to compensate them for the extra workload and risk that fighting the coronavirus entails, he added. (Reporting by Marton Dunai Editing by David Goodman)

Japan's Unizo hotel chain says taken over by U.S. fund Lone Star

TOKYO (Reuters) – Japanese hotel chain Unizo Holdings Co Ltd (3258.T) said on Friday U.S. buyout fund Lone Star had succeeded in buying out the company.

U.S. investment fund Lone Star, together with a group of Unizo employees, secured 86.6% of Unizo’s outstanding shares in an open bid that started in December, the hotel chain said in a statement.

Argentina's lockdown: More people out of work and food

The government says three million more people than usual need financial handouts.

In Argentina, the virus is hitting communities hard in the capital.

The lockdown in Buenos Aires means people are out of work and out of food.

Al Jazeera’s Teresa Bo meets some of those who are struggling.

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