Note: This information note has been prepared for Mazars Denge employees by Mazars Denge Marketing & Communication team using the information obtained from international and national press organs and is shared only for informational purposes. Resources: T.C. Cumhurbaşkanlığı Resmi Gazete, Sağlık Bakanlığı, Sözcü Gazetesi, Anadolu Ajansı, Webrazzi, ARTnews, Dünya Gazetesi, Milliyet Gazetesi, Hürriyet Gazetesi, The Guardian, The Sun, Independent, Financial Times, Bloomberg, CNBC, CNN, Forbes, Federal Reserve Bank of New York, Le Monde, Gouvernement, China Daily, Aposta, Teyit.org, Reuters, Interpress, Ekathimerini, Greekreporter
Here is your 15 minutes wrap-up for the highlights from Turkey and all around the World. 1. CORONA CASES IN TURKEY AND IN THE WORLD Turkey •
Death Toll In Turkey Reached 501 Due To Covid-19 o Death toll in Turkey due to coronavirus increased by 76 people and reached 501. 3.013 people were diagnosed with coronavirus in the last 24 hours, making total number of cases 23.934. The number of recovered patients increased by 302 people and reached 786. (Turkish)
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Minister Çavuşoğlu: We Lost 156 Citizens In Foreign Countries Due To The Virus o Mevlüt Çavuşoğlu, Minister of Foreign Affairs, announced that the number of Turkish citizens in foreign countries who lost their lives due to new type coronavirus has reached 156. (Turkish)
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Additional Notice From The Ministry Of Internal Affairs For The Entry-Exit Ban in 31 Cities o Ministry of Internal Affairs has sent an additional notice defining the exemptions for vehicle entry – exit bans to 31 cities. According to this, those who are discharged from hospital, who lost their first-degree relatives and who complete their military service will get permission document. (Turkish)
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New Measures For Public Transportation In Istanbul o Ekrem İmamoğlu, Mayor of Istanbul Metropolitan Municipality (IBB), said “as of April 6, Monday, subway trips will be realized until 21:00.” (Turkish)
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Mass Transportation In Tekirdağ Is Stopped For 15 Days o Tekirdağ Governorship has announced that mass transportation between districts and neighborhoods have been stopped for 15 days, except the days of market shopping, within the scope of coronavirus measures. (Turkish)
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‘Coronavirus Arrangement’ Is Changed In Automotive and Transportation Sectors o General Directorate of Transportation Services Arrangement will not give new authority document in transportation sector, however current companies will be able to get new vehicles within the scope of the fight against coronavirus. (Turkish)
World •
Death Toll In Europe Exceeded 45,000 Due To Coronavirus o Death toll in Europe reached 46.033 people due to coronavirus. 85% of deaths in Europe were seen in Italy, Spain, France and the UK. Death toll in Italy in the last 24 hours increased by 681 and reached 15.362. Death toll in Spain reached 11.744, while being 7.560 in France. The number of people who lost their lives in the USA during new type coronavirus pandemic increased by 1.105 in the last 24 hours and reached 7.163. (Turkish)
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The Longest Week for the hospitals in Ile-de-France Region. o In the Paris region, the past seven days have been as dark as the caregivers feared. 1,140 Covid-19 patients died in hospitals. (French)
Note: This information note has been prepared for Mazars Denge employees by Mazars Denge Marketing & Communication team using the information obtained from international and national press organs and is shared only for informational purposes. Resources: T.C. Cumhurbaşkanlığı Resmi Gazete, Sağlık Bakanlığı, Sözcü Gazetesi, Anadolu Ajansı, Webrazzi, ARTnews, Dünya Gazetesi, Milliyet Gazetesi, Hürriyet Gazetesi, The Guardian, The Sun, Independent, Financial Times, Bloomberg, CNBC, CNN, Forbes, Federal Reserve Bank of New York, Le Monde, Gouvernement, China Daily, Aposta, Teyit.org, Reuters, Interpress, Ekathimerini, Greekreporter
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Containment Could Reduce CO2 Emissions By 58% In Europe Daily o If it were to extend over 45 days, a 5% drop in the annual balance sheet of its greenhouse gas emissions could be envisaged, according to the international firm Sia Partners. Transport and energy production are the first sectors concerned. (French)
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Sweden's Liberal Pandemic Strategy Questioned As Stockholm Death Toll Mounts o A spike in novel coronavirus infections and deaths in Stockholm has raised questions about Sweden’s decision to fight the outbreak without resorting to the lockdowns that have left much of Europe at a standstill. “We don’t have a choice, we have to close Stockholm right now,” Cecilia Soderberg-Naucler, Professor of Microbial Pathogenesis at the Karolinska Institute, told Reuters. She is one of around 2,300 academics who signed an open letter to the government at the end of last month calling for tougher measures to protect the healthcare system. (English)
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USA State Department Sends Cable Trying To Streamline Incoming Requests For Pandemic Aid o Secretary of USA State Mike Pompeo sent a cable to all diplomatic and consular posts Friday to clarify where American diplomats overseas should direct incoming requests for Covid-19 medical supplies from foreign governments, authorities and international organizations. (English) o Coronavirus job cuts: In all, 701,000 jobs were reported lost last month, the Labor Department said on Friday, but even that massive number - the largest since the financial crisis 11 years ago - did not capture the true depth of the losses because the monthly survey was conducted too early in March. The leisure and hospitality sector shed 459,000 jobs - 65% of all the positions lost in March. The largest share of that came at restaurants and bars, which slashed 417,000 jobs. (English) o The Trump administration's decision to let states chart their own responses to the coronavirus crisis rather than impose a national strategy will cost thousands of lives and is likely to result in an open-ended outbreak rolling across the country, a dozen public health experts told NBC News. Experts added “There aren't enough tests and gear as states compete with one another to buy them on the open market. And there is very little ability to trace who has the virus and where it is spreading.”(English)
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UK among economies risking record slump o Manufacturing and services sectors in key geographical areas, including the UK, US and the eurozone, saw record falls in activity during March, according to Purchasing Managers’ Index data. The UK figure dropped from 53.0 in February to 36.0 in March. (English) o Up to 200 rough sleepers are reportedly using Heathrow Airport as a refuge during the coronavirus lockdown. A spokesman for Heathrow said the airport's Travel Care Team was assisting in re-housing people. (English) o The UK’s coronavirus epidemic could plateau in the “next week to ten days”, according to an epidemiologist advising government, who also suggested lockdown restrictions could be relaxed by the end of May. Professor Neil Ferguson, an infectious disease modeller at Imperial College London and member of the government’s Scientific Advisory Group for Emergencies (SAGE), however, warned that high levels of infections could continue for weeks after the peak of the disease if people flout social distancing rules. (English)
Note: This information note has been prepared for Mazars Denge employees by Mazars Denge Marketing & Communication team using the information obtained from international and national press organs and is shared only for informational purposes. Resources: T.C. Cumhurbaşkanlığı Resmi Gazete, Sağlık Bakanlığı, Sözcü Gazetesi, Anadolu Ajansı, Webrazzi, ARTnews, Dünya Gazetesi, Milliyet Gazetesi, Hürriyet Gazetesi, The Guardian, The Sun, Independent, Financial Times, Bloomberg, CNBC, CNN, Forbes, Federal Reserve Bank of New York, Le Monde, Gouvernement, China Daily, Aposta, Teyit.org, Reuters, Interpress, Ekathimerini, Greekreporter
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In Greece Restriction Of Travelling is Extended o The Greek PM, Mr. Tsipras announced the need for a brave package of measures to support tourism that occupies the 20% of country’s GNP. (Greek) o The total number of infected people come to 1673 and the number of deaths is 68. The recorded deaths show the infections that occurred 2-3 weeks ago. (Greek) o Deputy Minister of Civil Protection and Crisis Management, Mr. Hardalias said that the restriction of travelling is extended for another three weeks, 27th April. (Greek) o Greece has imposed more than €4 million in fines for curfew violations. (English) o The Greek Government and Banks are launching a new solution to the issue of checks that have not been declared as protected so as to be paid immediately. (Greek) o At the Greek island of Tzia, authorized personnel was sent to test for Covid-19 190 foreign immigrants of the Turkish tanker ‘Dorduncu’. (Greek)
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Russian Government Funds For Support To Russians Stranded Abroad o Russian Foreign Ministry funds for support to Russians stranded abroad. (English) o Saudi Arabia called Putin's words unreliable about withdrawal of Riyadh from the OPEC + deal in order to eliminate competitors from shale oil producers. (Russian) o Bank Zenit launched a new deposit for businesses with a higher rate. The minimum amount of placement is 5 million rubles. (Russian) o In Russia, according to the last data, 4,731 cases of infection were registered, out of which 29 in Moscow, and 43 patients died. (Russian) o Beauty salons, cosmetic and spa centers and similar organizations in Moscow will be able to continue working from April 5th to May 1st, if they have a license for medical activity. (Russian) o Enterprises and organizations that continue to work in Moscow should inform the authorities about their activities and employees in the office and on remote places. (Russian) o Animal trials of a prototype vaccine for the novel coronavirus are expected to be completed in late April and human trials will begin in June. (English)
2. MARKETS •
Bank Of America Cuts Year-End Target on the S&P 500 o The bank cut its year-end target on the S&P 500 to 2,600 from 3,100, which would translate into a nearly 20% loss for the full-year 2020 and is only about 4.5% higher from current levels. More than $20 trillion in U.S. stocks value was wiped out during the pandemic-induced sell-off, and investment-grade credit spreads have widened to 400 basis points from 100 basis points. The past four weeks have seen a record $284 billion outflows from bonds. (English)
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Asian Markets Dropped o Asian markets finished mixed to lower as of the most recent closing prices. Shares in China fell as the Shanghai Composite dropped 0.60%. The Hang Seng lost 0.44% while the Nikkei 225 in Japan closed unchanged. (English)
Note: This information note has been prepared for Mazars Denge employees by Mazars Denge Marketing & Communication team using the information obtained from international and national press organs and is shared only for informational purposes. Resources: T.C. Cumhurbaşkanlığı Resmi Gazete, Sağlık Bakanlığı, Sözcü Gazetesi, Anadolu Ajansı, Webrazzi, ARTnews, Dünya Gazetesi, Milliyet Gazetesi, Hürriyet Gazetesi, The Guardian, The Sun, Independent, Financial Times, Bloomberg, CNBC, CNN, Forbes, Federal Reserve Bank of New York, Le Monde, Gouvernement, China Daily, Aposta, Teyit.org, Reuters, Interpress, Ekathimerini, Greekreporter
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Hong Kong Stocks End Week Lower As Global Coronavirus Cases Cross 1 Mln o Hong Kong stocks slipped on Friday to end the week lower, as risk-averse sentiment strengthened on continued spread of the coronavirus with infections surpassing one million globally. Business activity in Hong Kong deteriorated further in March, a private survey showed, as demand, output and confidence plunged amid the deepening pandemic. (English)
3. BUSINESS WORLD •
Germany is Using a Familiar Weapon to Prevent Massive Layoffs o Almost half a million companies in Germany have sent their staff on short-term working schemes — known as “Kurzarbeit” — to trim their payroll costs with immediate effect. Never before, not even in the financial crisis of 2008, has the number of these applications jumped so rapidly. Short-term working worked well as a tool to prevent massive layoffs during the last crisis. It sends people home or slashes their hours substantially but keeps them officially employed with the state funding around two-thirds of their salary. Essentially, workers get as much as twothirds of their pay even if they don’t work. And the company is not burdened by staff costs in times of severe economic stress. The likes of Lufthansa, BMW, Volkswagen and Daimler have all made use of the labor market instrument to keep their well-trained staff during the coronavirus pandemic. (English)
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Amazon In Contact With Coronavirus Test Makers As It Plans Pandemic Response o Amazon.com Inc has been in contact with the CEOs of two coronavirus test makers as it considers how to screen its staff and reduce the risk of infection at its warehouses. The chief executives of Abbott Laboratories and Thermo Fisher Scientific Inc have told Amazon they would like to work with the e-commerce company, though the U.S. government is taking up all of their testing capacity at present, the notes said. (English)
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New Look delays supplier payments 'indefinitely' o New Look says it is suspending payments to suppliers for existing stock "indefinitely", telling them in a letter that the stock can be collected by its owners. All New Look stores have been closed since 21 March. The firm said it was still trading online, but its distribution center was full and it could receive no more goods.(English)
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The Economic Risks Of Confinement In Figures o France should expect a 12% drop in its GDP and a widening of the public deficit by 10 % points of GDP, which it can only finance in the immediate future through European solidarity, estimates the economist Alain Trannoy in a rostrum to the "World". (French)
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ACCOR To Close Up To Two-Thirds Of Its Hotels o The impact of this health crisis will be strong on ACCOR's 2020 accounts. Due to the drop in hotel attendance. Estimate made by Oddo BHF which indicates that the income per available room will drop by 32% this year. (French)
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Chinese Ministry Plans More Steps To Boost Trade o Liu Changyu, an official with the Ministry of Commerce's foreign trade department, said as the COVID-19 epidemic has affected more than 200 countries
Note: This information note has been prepared for Mazars Denge employees by Mazars Denge Marketing & Communication team using the information obtained from international and national press organs and is shared only for informational purposes. Resources: T.C. Cumhurbaşkanlığı Resmi Gazete, Sağlık Bakanlığı, Sözcü Gazetesi, Anadolu Ajansı, Webrazzi, ARTnews, Dünya Gazetesi, Milliyet Gazetesi, Hürriyet Gazetesi, The Guardian, The Sun, Independent, Financial Times, Bloomberg, CNBC, CNN, Forbes, Federal Reserve Bank of New York, Le Monde, Gouvernement, China Daily, Aposta, Teyit.org, Reuters, Interpress, Ekathimerini, Greekreporter
and regions, many economies have implemented unconventional measures to prevent the disease from spreading further, which has inevitably affected the global supply chain to some extent. Maintaining the stability of the global industrial supply chain is of great significance, Liu said. "It is important to not only fight the contagion but cushion any impact of the global economy slipping into recession," he said. (English) •
Chinese Senior Central Bank Official Calls For More Cooperation o “International cooperation and macroeconomic policy coordination can mitigate the unprecedented economic impact of the novel coronavirus and preserve financial market stability, and governments should take more proactive measures to ward off a possible recession, according to a senior central bank official” Zhu Jun, Head of the International Department of the People's Bank of China said. (English)
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Top 9 Major Chinese Cities By Work Resumption Index o Chengdu in Southwest China's Sichuan province has become the most vital city to resume work amid the fight against the novel coronavirus outbreak in China, according to a report by AutoNavi Software Co, also known as Gaode Map. China's financial center Shanghai ranks second on the list, followed by Chongqing, Southwest China, according to the ranking of major cities' work resumption index in China. Beijing, capital of China, and Wuhan in Central China's Hubei province grabbed the sixth and ninth spots, respectively. (English)
4. TECHNOLOGY & STARTUPS •
Covid-19 Initiatives o COVID-19 case capacity maps predict when your area will run out of healthcare resources (English) o Tests that can tell who has had the coronavirus with some limitations. (English)
5. ART & CULTURE •
This Art Museum Was Founded In Response To A Pandemic Death. It Has Much To Teach Us Now. o The world is currently facing unprecedented challenges, and the arts can provide a measure of relief. Recently there has been a movement towards thinking of museums as places of solace and meditation, and this is something we need to continue to focus on beyond the Covid-19 crisis. But it is often assumed that this is something new. The Phillips Collection in Washington D.C. is proof that art has been associated with wellness long before the current focus on this connection. (English)
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Expecting $7 M. Shortfall, New York’s Whitney Museum Lays Off 76 Employees o The Whitney Museum in New York informed staff that layoffs were imminent because of a budget crunch spurred by the coronavirus pandemic. The announcement marks the first round of layoffs for one of New York’s major museums—and a sign that more reductions could be on the horizon as more than 6.6 million Americans file for employment this week. (English)
Note: This information note has been prepared for Mazars Denge employees by Mazars Denge Marketing & Communication team using the information obtained from international and national press organs and is shared only for informational purposes. Resources: T.C. Cumhurbaşkanlığı Resmi Gazete, Sağlık Bakanlığı, Sözcü Gazetesi, Anadolu Ajansı, Webrazzi, ARTnews, Dünya Gazetesi, Milliyet Gazetesi, Hürriyet Gazetesi, The Guardian, The Sun, Independent, Financial Times, Bloomberg, CNBC, CNN, Forbes, Federal Reserve Bank of New York, Le Monde, Gouvernement, China Daily, Aposta, Teyit.org, Reuters, Interpress, Ekathimerini, Greekreporter
6. SPORTS •
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Tour De Suisse Canceled o The Tour de Suisse has been canceled because of the coronavirus pandemic, removing one of the few cycling events left on the calendar before the Tour de France is due to start. The nine-day Swiss race was scheduled to run from June 614 and is designed to give riders a chance to prepare for the three-week Tour de France. The French race is still scheduled to start on June 27. (English) LPGA Tour On Hold Until Majority Can Play o The LPGA Tour will not resume after the coronavirus pandemic until the majority of international players are able to compete in tournaments, said commissioner Mike Whan. On Friday it was announced that the US Women's Open, scheduled to take place in June, had been moved to December. The next five LPGA events have been postponed or cancelled. "I couldn't see us running an event where half of our players couldn't play,” said Whan. (English)
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After Tokyo 2020 postponement, money has become a real worry for Olympian Gwen Berry o Like many Americans around the country, Gwen Berry is weighing her financial options. She is thinking about filing for unemployment, or seeing if she can get a day job, like the one she once held at Dick's Sporting Goods, to help stem the financial tide left behind by the coronavirus. (English)
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What Sporting Events Are Affected By The Pandemic? o As the virus spreads across the globe, sports bodies are cancelling or postponing events. Football games, marathons, athletics, Formula 1, tennis, boxing, basketball, rugby, MotoGP, table tennis, golf, cycling, baseball, cricket, judo, weightlifting, winter sports, NHL, wrestling, horse racing, badminton, sumo and more. (English)
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To Safeguard Its Future, Tennis Seeks Unity. Even With the French Open o As play is delayed to at least mid-July, small tournaments and many players are at risk of significant financial losses, and the French Open’s unilateral rescheduling has added to the chaos. (English)
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WNBA Postpones Start of Season This Month Because of Virus o The WNBA season will not start on time next month because of the coronavirus pandemic, and when it begins is unclear. The league announced Friday it will delay the season for an indefinite period. Training camps were to open on April 26 and the regular season on May 15. WNBA Commissioner Cathy Engelbert said in a statement Friday the league will “use this time to conduct scenario-planning regarding new start dates and innovative formats.” “Our guiding principle will continue to be the health and safety of the players, fans and employees,” Engelbert said. (English)
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'There Is More To Life,' Say Footballers In Turkey Upset Matches Haven't Been Cancelled o Footballers across Turkey have criticized the government’s decision to continue playing matches behind closed doors. Professional sport has continued in the country without fans in attendance, despite many European countries suspending competition during the pandemic. Turkish Football Federation (TFF) President
Note: This information note has been prepared for Mazars Denge employees by Mazars Denge Marketing & Communication team using the information obtained from international and national press organs and is shared only for informational purposes. Resources: T.C. Cumhurbaşkanlığı Resmi Gazete, Sağlık Bakanlığı, Sözcü Gazetesi, Anadolu Ajansı, Webrazzi, ARTnews, Dünya Gazetesi, Milliyet Gazetesi, Hürriyet Gazetesi, The Guardian, The Sun, Independent, Financial Times, Bloomberg, CNBC, CNN, Forbes, Federal Reserve Bank of New York, Le Monde, Gouvernement, China Daily, Aposta, Teyit.org, Reuters, Interpress, Ekathimerini, Greekreporter
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Nihat Özdemir reiterated his league’s stance on Tuesday, saying that professional matches would “continue without spectators” until the end of April. Uruguay and Galatasaray goalkeeper Fernando Muslera posted an image on his Instagram story, which showed the social distancing of politicians in Turkey, sat one meter apart in parliament and asked: “I'm really sad. Are we going to defend our opponents like that?" On Tuesday, former Chelsea player John Obi Mikel “mutually terminated” his contract with club Trabzonspor. Mikel has posted on Instagram on Sunday, urging for games to be cancelled during “such turbulent times”. “I do not feel comfortable and don’t want to play football in this situation.” “There is more to life than football.” (English)
7. REGULATORY UPDATES • Curious About Current Regulation Updates? Follow Our Tax Circulars: o Click the link for our Tax Circulars. (English)
Note: This information note has been prepared for Mazars Denge employees by Mazars Denge Marketing & Communication team using the information obtained from international and national press organs and is shared only for informational purposes. Resources: T.C. Cumhurbaşkanlığı Resmi Gazete, Sağlık Bakanlığı, Sözcü Gazetesi, Anadolu Ajansı, Webrazzi, ARTnews, Dünya Gazetesi, Milliyet Gazetesi, Hürriyet Gazetesi, The Guardian, The Sun, Independent, Financial Times, Bloomberg, CNBC, CNN, Forbes, Federal Reserve Bank of New York, Le Monde, Gouvernement, China Daily, Aposta, Teyit.org, Reuters, Interpress, Ekathimerini, Greekreporter
Note: This information note has been prepared for Mazars Denge employees by Mazars Denge Marketing & Communication team using the information obtained from international and national press organs and is shared only for informational purposes. Resources: T.C. Cumhurbaşkanlığı Resmi Gazete, Sağlık Bakanlığı, Sözcü Gazetesi, Anadolu Ajansı, Webrazzi, ARTnews, Dünya Gazetesi, Milliyet Gazetesi, Hürriyet Gazetesi, The Guardian, The Sun, Independent, Financial Times, Bloomberg, CNBC, CNN, Forbes, Federal Reserve Bank of New York, Le Monde, Gouvernement, China Daily, Aposta, Teyit.org, Reuters, Interpress, Ekathimerini, Greekreporter