Day: May 14, 2020

Coronavirus latest: India deploys food aid for 80m migrant workers

The Nikkei Asian Review is tracking the spread of the new coronavirus that originated in the central Chinese city of Wuhan.

Global cases have reached 4,248,389, according to the World Health Organization.

The worldwide death toll has hit 294,046.

To see how the disease has spread, view our virus tracker charts:

(Source photo by AP) 

Here are the latest developments (Tokyo time):

Friday, May 15

12:44 a.m. Virgin Australia’s home state is considering a capital infusion or a loan to assist the financially distressed airline as it seeks to protect a major employer responsible for thousands of jobs.

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Suspending the state pension triple lock could kill it altogether, experts warn

However, inflation is expected to remain low at 0pc next year and 2pc for the following four years, while earnings growth is expected to be 0pc next year, followed by a steady growth to 1pc, 2pc and eventually 2.5pc by 2024. 

Under these assumptions, a move to a double lock would save the Government £2.9bn in 2021 alone. The annual savings would increase over time, reflecting the lower state pensions in all of the previous years under the double lock, meaning that by 2025 the Government could be saving £4.7bn a year.

This also reflects the fact that the number

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Can the Government simply print money forever?

The national debt fell as a share of GDP over the decades, and combined with lower interest rates that took payments down to below 5pc of revenues by the eve of the financial crisis.

Debt exploded in the credit crunch, booming from just over 30pc of GDP to around 80pc now. Yet a funny thing happened to the cost of maintaining that enormous mountain of debt.

After a brief rise, it plunged to record lows. Last year the debt-interest ratio fell to below 4pc for the first time ever.

Ever-lower interest rates make higher debts sustainable, for now at least.

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Nissan to cut capacity by 20% and close a plant in Spain

TOKYO — The Japanese-French alliance of Nissan Motor, Renault and Mitsubishi Motors is being forced into a major reshuffle by the coronavirus pandemic that could include Nissan slashing production capacity by 20% in the fiscal year through March 2023.

The partners, who have been at odds since former Chairman Carlos Ghosn was arrested in Tokyo in November 2018, also plan to redraw their production map in a bid to make more efficient use of their capacity.

They will decide on a joint mid-term business plan later this month, their first since Ghosn’s arrest. Nissan board members discussed the plan on

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